Saturday, February 16, 2008

This is from our OREA Newsltter: Buyers should have asked about mice

The Buyers should have asked about mice

The buyers viewed a home for sale with a REALTOR® and while other potential purchasers were present, they did not observe any evidence of mice. They acted relatively promptly and bought the home very soon after they saw it. They did not give the house a close inspection nor did they have the house inspected by an independent inspector. They made no inquiries of whether there were or were not mice in the house. They did not look in cupboards or closets and there was no apparent concern about mice at the time. The sellers made no reference to the presence of mice in the house.

There was in fact a serious mouse problem but, absent any warranty or fraudulent representation, the buyers' claim would fail based on the doctrine of Caveat Emptor. The seller testified that there were no mice and any droppings that did show up after vacating the home were caused by her pet hamster that was allowed to run free throughout the house. However prior to the acceptance of the offer a report indicated that virtually the entire house was treated with Blox in closed bait stations with open bait stations under the sink, in the kitchen, along with bait stations under the fridge. The report indicated that the seller had removed the poison.

The judge said that a hamster could not have left the droppings. But, was the failure to disclose the presence of mice a positive misrepresentation that warranted a finding of fraudulent misrepresentation? Was there a misrepresentation in the Manitoba Seller's Property Condition Statement when the seller answered 'no' to the Question: "To your knowledge, during your ownership of the property, has there ever been any damage to the buildings due to wind, fire, water, moisture, insects or rodents?" The evidence did not disclose any structural damage as that expression is commonly understood. The judge also referred to the lengthy warning contained in the SPCS. The buyers lost.

Interesting article from the OREA bulletin that is circulated to us real estate agents that are members of OREA

Read more about home inspections

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Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate


Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.

Providing Full-Time Professional Real Estate Services since 1987

( BUS 905-828-3434
mark@mississauga4sale.com
8 Website : Mississauga4Sale.com

Homes for Sale

Friday, February 15, 2008

Weekly Bottom Line in Economics TD Canada Trust




The Weekly Bottom Line in economics courtesy of TD/Canada Trust


HIGHLIGHTS

Non-manufacturing ISM spurs more recession talk in the U.S.
TD Economics revises U.S. growth projections
Canadian jobs data a shocker

This week, investors continued to seek the relative safety of bonds at the expense of equities. Notably, U.S. 2-year government bond yields fell below 2% for the first time since April of 2004. Canadian 2-year government bond yields declined as well, though they still remain above 3%. Despite the 125 basis points in interest rate cuts by the Fed over the past 3 weeks, equity markets recorded losses across the board, led by the tech-heavy Nasdaq (-5%). Declines in the S&P 500 and Toronto's S&P/TSX were 4% and 3%, respectively.

U.S. economic news disappoints

In addition to being served up with a number of disappointing fourth quarter earnings reports, investors continued to fret about the rising risks of a U.S. recession. Following poor January employment numbers last week, the ISM non-manufacturing reading for the same month was even worse, plummeting from 53.2 to 44.6. The sizable drop in January was not only the largest monthly decline on record, but also the lowest level since the series was created in 1997. The culprits behind the weak performance were substantial losses in the business activity, new orders and employment sub-indices. While these figures certainly paint a dismal picture for the U.S. economy, they can be quite volatile on a month-to-month basis. Still, even if February records a moderate reversal, these data build the case that no growth was being recorded in the U.S. economy as the year kicked off.

Adding to concerns was Thursday's report on initial jobless claims, which came in above expectations at 356,000. On a 4-week moving average basis, jobless claims continued to edge higher. This report has proven to be a good leading indicator of recessions in the past. At this stage, the trend is not sounding off alarm bells, even though the January payrolls report increases the risks that the trend in claims could continue to worsen.

Worries about economic growth were also echoed in Fed speeches this week. Richmond Fed President Lacker acknowledged the possibility of a mild recession, similar to the last one experienced in 2001. He noted that business investment will likely slow this year, but still remain in positive territory, and that job growth will likely be lethargic for the better part of the year. Lacker also signaled upside risks to inflation, thereby making rate decisions even more difficult. Philadelphia Fed President Plosser also raised concerns about economic growth, but he too sounded a word of caution about inflation, arguing that "ignoring price stability during times of economic weakness risks undermining our ability to achieve economic growth over the long run."

In light of the latest signs as to the direction of the U.S. economy, we have downgraded our U.S. economic growth forecast. We are now projecting Q4/Q4 growth of 1.4% in 2008 (previously 1.9%) and 2.5% in 2009 (3.1%). For details, see TD Economics Special Report: Economic Stimulus and the U.S. Outlook available on our website. The volatility in equity markets, weakness in employment, and continued erosion of the housing market are likely to curb consumer spending during the first half of 2008, leading to virtually no growth during each of the first two quarters. The fiscal stimulus package expected to be implemented by the U.S. government will support growth during the second half of this year. However, this will provide only a temporary boost, and as such, a sub-par expansion is likely to carry into 2009 (see chart). The prominence of downside risks to growth has prompted us to revise our Fed rate call as well, from a cut of 25 bps to 50 bps in March. However, due to the inflationary pressures weighing on the economy, we expect the next cut to be the last.

Canada's job market remarkable

As signs of U.S. weakness were further manifested, the Canadian economy continued to show remarkable resilience. Employment numbers released this morning showed that 46,000 jobs were created in January, bouncing back with a vengeance from December's revised 3,000 loss. The gain boosted the employment rate to a new record of 63.8%, and drove the unemployment rate back down to the 33-year low of 5.8% reached last October. January saw a reversal in recent trends, as growth in the private sector far outweighed declines in both the public sector and the self-employed, and the goods-producing sector outperformed the service-producing sector, which was relatively flat for the month. Perhaps the biggest surprise was the 18,000 jump in export-oriented manufacturing jobs. Still, employment in the sector over the past year is down 5.4%, dampened in part by the slowing U.S. economy. Elsewhere, job creation in other areas continued to be supported by domestic strength, with particularly large gains in professional, scientific and technical services as well as financial services.

Another key job generator in Canada was the construction sector. Today, we received news that Canadian housing starts also beat expectations in January, rising 21% from December to 223,000. While single-unit housing starts recorded a modest decline, multi-unit housing starts rose by a whopping 64% month-over-month. The largest gains stemmed from Ontario (44%) and Quebec (22%), while the Atlantic region (-17%) was the only area to weigh down the total number of starts.

While this week's data are likely to spur further talk of decoupling between Canada and U.S., our view is that January's surge in Canadian economic activity represents more of a blip than a sign of renewed strength. Hence, look for both indicators to cool in the coming months. With the risks of knock-on effects from the deteriorating U.S. economy growing since the Bank of Canada's last fixed announcement data and Canadian core inflation remaining below trend, we expect that the central bank will remain forward looking and cut interest rates by 50 bps points in March and 25 bps in April.

BOE cuts rates, ECB to follow

Similarly, the U.S. is not alone in its economic woes, as the Bank of England cut rates by 25 basis points this week, and the Eurpoean central bank has signaled that it may cut rates going forward. The increasing recognition that central banks around the world will be required to jump on the rate-cutting bandwagon is likely to be instrumental in spurring a moderate recovery in the U.S. dollar later this year.

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Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,



Mark



A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate


Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.

Providing Full-Time Professional Real Estate Services since 1987

( BUS 905-828-3434
mark@mississauga4sale.com
8 Website : Mississauga4Sale.com



Homes for Sale

Should you buy a High-rise Condominium Or Detached Home? Which one Is Right and the Best For You?

Should you buy a High-rise Condominium Or Detached Home? Which one Is Right and the Best For You?


The Toronto, Mississauga and GTA condominium market is flourishing, with modern towers and low mortgage rates luring would-be home buyers with the possibility of building equity at rent-like prices.

Due to the advantages of home ownership compared to renting your property, many people like you will soon be reaching a point where you want to buy a detached home. However, you may not be sure whether you should actually buy a house or if you should look in to buying a condo instead. This is especially true for younger home buyers who might want the benefits of living in the more communal situation of the condo.

Thus, you have a decision to make. Should you purchase a condo or go for a more traditional detached home or semi or townhouse? You should consider many factors such as your lifestyle and then consider the pros and cons of each choice before deciding which to buy.

Of course you decision is not life long as you can always sell the property and switch, but it's best to consider some major factors before diving into your purchase!

You may wish to purchase a detached home, semi or townhouse when the following items hold true:

You don't mind the occasional maintenance item and actually enjoy spending time and money and investing into your home
You currently have or plan to have a large family.
You are a very private person who does not like living close to your neighbours or having your home choices regulated by an association.
You are investing in home ownership primarily for the purpose of resale of the home in the future (since property values are usually higher than condo values).
You are seeking to purchase a large home and / or you need outdoor grounds areas for things like large pets.
You enjoy maintaining your own yard or garden.
You may live in a rural area or in a location where there are not many condos on the market.



A high-rise condominium may be the better choice for you if:
You are a single individual or a couple or an empty nester that is looking for a small home rather than a large property.
You don't have a lot of money to spend but still want to invest in home ownership.
You are interested in being part of a small community living in the same building or complex.
You are comfortable living in close proximity to your neighbours.
You don't mind having certain aspects of your property ownership regulated by a group of elected people who form the condo association
You live in an urban area where condos are very common, affordable and gives you much choice
You run a busy lifestyle and prefer to enjoy amenities like a pool or a shaded grounds area but aren't able to maintain such amenities yourself either because of the time that it takes or the cost.


A high-rise condominium may be best for single individuals or couples who have neither the money to invest in a house nor the time to maintain the upkeep of the larger home. These tend to be young people enjoy the benefits of apartment style living in close quarters with their neighbours, who are comfortable having some regulation by the home owner's association and who enjoy sharing common areas with others. Often, condo buyers are first time home buyers. If, in contrast, you are an older adult who has (or may soon have) a family and would like the freedom and privacy of a home with its own property, then a house is probably the right choice for you."

There are many items to consider when choosing between a high-rise condo and home purchase. Regardless of whether you buy a house or a high-rise condo, it's important to do your research and consider the future of the neighbourhood you're buying into. Whether it's a condo or home, the old saying of "location, location, location" remains true for either choice. Either choice is a significant investment for you and you need to find a vibrant and safe neighbourhood that will ensure a good return on your real estate purchase and investment into the future.

Read more tips about buying a home

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Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate


Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.

Providing Full-Time Professional Real Estate Services since 1987

( BUS 905-828-3434
mark@mississauga4sale.com
8 Website : Mississauga4Sale.com

Homes for Sale

Thursday, February 14, 2008

Here are some Bathroom Renovations you can do on the weekend!

Weekend Bathroom Renovation Projects
(ARA) – When giving someone a tour of your home, do you conveniently skip over the bathroom? If your bathroom is outdated, it might be time for a makeover. Small changes can make a big improvement and can be done on a small budget.

Here are some easy and affordable ideas from Faucet.com:

1) The Faucet
The faucet is the focal point of the entire bathroom and should be one of the main considerations when remodeling. You might also consider replacing the sink to really freshen up the look. Pedestal bathroom sinks and countertop sinks are easy to replace.

2) Bathroom Accessories
Updating the hardware and other bathroom accessories can be a fast and affordable way to give the room an instant facelift. Towel rings, vanity shelves and even drawer handles can all make or date a room.

3) Lighting
Remember, because you use the bathroom for your daily preparations, you want to have adequate lighting. Choose from two, three or four bulb fixtures to adequately light the mirror area.

4) Showerhead
When updating your bathroom, add something you can enjoy. New showerheads can be handheld, adjustable or even massaging.

5) Paint
The walls of bathrooms get abused with steam, hairspray, and perfume. A fresh coat of paint will add a new, clean element that will update any room.

Read more about:Homes for Sale

Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate


Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.

Providing Full-Time Professional Real Estate Services since 1987

( BUS 905-828-3434
mark@mississauga4sale.com
8 Website : Mississauga4Sale.com

Homes for Sale

Historical Central Bank Rate for US and Canada Watch Predictions

Historical Central Bank Rate for US and Canada Watch Predictions

These are the predictions of the US versus Canadian Bank Rates over the next 12 months and historical bank rates graphed over the past 8 years.




• Weaker U.S. growth and the strong Canadian
dollar are posing downside risk to Canada's economy
and have prompted the Bank to cut interest
rates by a cumulative 50 basis points in December-
January.


• Another 100 basis points in rate cuts are expected
by mid-year to offset the downside risks and
help the economy weather the market turmoil.
Bank of Canada




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Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,



Mark



A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate


Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.

Providing Full-Time Professional Real Estate Services since 1987

( BUS 905-828-3434
mark@mississauga4sale.com
8 Website : Mississauga4Sale.com



Homes for Sale

Wednesday, February 13, 2008

Home Staging to help sell your home in our GTA marketplace


Home Staging

When selling your home, the first impression is crucial to prospective buyers-it can make or break the sale. Buyers in today's real estate market are smart consumers and lead busy lives. They are looking for a home that is ready to be moved in to. Does your home make a great first impression?


Staging a home for the real estate market is not a statement on your personal decorating style. The way we live in our homes is very different than how we sell our homes.


Get the advantage
When selling your home, the first impression is crucial to prospective buyers-it can make or break the sale. Buyers in today's real estate market are smart consumers and lead busy lives. They are looking for a home that is ready to be moved in to. Does your home make a great first impression?


Staging a home for the real estate market is not a statement on your personal decorating style. The way we live in our homes is very different than how we sell our homes.


About Home Staging
Home staging is different from interior redesign. Home staging strategically arranges and edits your existing furnishings and accessories to showcase your home to potential buyers.


By redesigning an interior and creating exterior curb appeal you will be able to sell your home for more money in less time


By redesigning an interior and creating 'curb appeal' that stands out, you will not only see an increase in the value of the property, but you will also see a shorter time on the market.


It is seen that lot of sellers in Toronto, GTA area as Mississauga, Oakville, Brampton, Oakville are doing home staging for quicker sale at a better price.


Staging is the very best proven way to get top dollar for your home as you prepare it for sale. This is because Staging sets the scene throughout the house to create immediate buyer interest in your property. This will then lead to your home selling for the highest possible price in today's market. Remember, "The way you live in your home, and the way you market and sell your house are two different things."

http://www.mississauga4sale.com/selling-process.htm

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Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,


Mark


A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate


Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.

Providing Full-Time Professional Real Estate Services since 1987

( BUS 905-828-3434
mark@mississauga4sale.com
8 Website : Mississauga4Sale.com


Homes for Sale

Tuesday, February 12, 2008

Where are the World's Most Expensive Real Estate Rental Markets?


World's Most Expensive Rental Markets



Homes in Tokyo and Lndon have always been expensive, but the dollar's recent plunge has made these and other pricey markets particularly daunting for American expatriates, businesses and anyone unlucky enough to receive a salary in greenbacks.

That's what's happening in Hong Kong. There, in dollar-adjusted terms, a two-bedroom, unfurnished apartment runs $6,398 a month. By comparison, $4,000 a month for Moscow and $4,102 for Tokyo look cheap.
_________
Hong Kong$6,398 a monthPrices on the Peak and in central Hong Kong, home to much of the city's financial centers, are among the highest in the city. Due in large part to its friendly tax rates, Hong Kong attracts businesses from all over the world, with a large sector of its Class-A rental market catering to expatriates and corporate relocation. In 2006, rents were $4,898, according to Mercer.
_________
To find these and other such markets, we used data from Mercer Human Resource Consulting, which based its numbers on 2007 data for rental properties in the Class-A market. Though it means different things in different places, a Class-A designation roughly equates to a unit in high-end, unfurnished building in a good part of town. The measures are taken at the median level, so as to exclude the ridiculous costs of premium apartments in neighborhoods like London's Belgravia or on Central Park in New York.

In Depth: World's Most Expensive Rental Markets


Rents were adjusted from local currencies to dollars. In 2007, the dollar hit a record low against the euro after falling 11% in 2006. Against the pound, the dollar was at a 25-year low in 2007. Against both currencies, the greenback remains in the doldrums.


Business Burden
American companies with offices in London feel an especially painful pinch. While rental prices there increased at a modest rate, when you combine subtle rate increases with the dollar's decline, you're left with a 30% jump in rent from 2006 to 2007. Given that Americans can't seem to afford 3%-6% increases in mortgage payments, many expatriates are going to have to move into slightly cheaper digs, or perhaps consider a move to Leeds.


But the mighty London market isn't even the fastest growing. Moscow rents have jumped by 33% when adjusted for the dollar. And in a market that's still relatively cheap, such as Bangalore, India, rents have increased 87% from last year. This is the result of the dollar's position against the Indian rupee and the rapid economic growth and sophistication of the Bangalore rental market, which, like the sales market, has surged along with the overall Indian economy.


This spells trouble for businesses dealing in dollars. That's because, unlike individual international buyers who are snapping up properties in New York and Los Angeles based on the cheap exchange rate, businesses don't quickly shift countries of operation based on the home currency's purchasing power. Instead, they have to absorb inflated housing costs for executives and temporarily relocate employees.


Large, multinational companies feel the pinch less than small businesses, for whom anywhere from a few hundred to a thousand a month is a lot to fret over.


Since 2006, monthly rents in Hong Kong, as measured by Mercer, grew from 4,898 to $6,398. In Moscow, they rose $1,000, and in London they jumped about $900.


What's the rental market like where you live? Weigh in. Add your thoughts in the Reader Comments section below.


Of course, American companies that pay their overseas employees in local currencies are relatively immune. This is the case with Coca-Cola's overseas facilities, which are locally run and operated. If foreign subsidiaries are making money, the exchange rate doesn't hurt them.


"We make our money locally," says Crystal Walker, a company spokeswoman, explaining that Coke employees affected by currency swings represent "a drop in the bucket," as a small proportion of the company's 71,000 employees are based overseas.


For a company with less static international operations, like Exxon Mobil, the problems associated with currency rates can prove difficult, whether it's the yen, the dollar or the next decade's slumping currency.


"Our business is such that foreign exchange is always an issue," says spokesman Alan Jeffers. "Sometimes you win, and sometimes you lose."


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Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,


Mark



A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate


Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.

Providing Full-Time Professional Real Estate Services since 1987

( BUS 905-828-3434
mark@mississauga4sale.com
8 Website : Mississauga4Sale.com



Homes for Sale

RSP deadline reminder - contribution deadline is February 29th!

RRSP Deadline reminder and information

With the deadline for making your 2007 RSP contribution fast approaching, we want to remind you to contribute and I have contacts for everything you need to invest with confidence.

Were here to provide you with a direct, secure and convenient way to invest. And we re constantly working to add value to your investing experience.

Remember, the 2007 RSP contribution deadline is February 29. Contribute today and take advantage of the outstanding pricing, tools and research available to help you manage your RSP with confidence.

If you bank with RBC, contributing to your RSP from your online investing site is easy:

1. Simply click on Transfer Funds from the Self Service menu on any page of your online investing site.
2. Follow the instructions for moving funds to your RSP from the RBC Royal Bank® account you have on file, your RBC Direct Investing investment account or both.

If you need contact information or any assistance with RSP's please let me know and I will put you in contact with the appropriate person.

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Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate


Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.

Providing Full-Time Professional Real Estate Services since 1987

( BUS 905-828-3434
mark@mississauga4sale.com
8 Website : Mississauga4Sale.com

Homes for Sale

Financing Hurdles - Self employed, needing a second home, low downpayment

In order to help you when you have financing difficulties, some lenders can offer creative financing in many different situations. Below is one of those lenders. Some lenders feel that they can offer alternatives and help you with their financing, if you need a contact with Scotia, please let me know and I will forward you contact information.

Not everybody is in the same boat.

That's why Scotiabank's mortgages are not all the same.

Down Payment Hurdles

If you haven't been able to save funds for a down payment:

Scotia Free Down Payment Mortgage - Coming up with a 5% down payment isn't always easy, especially with closing costs, moving expenses, and all the other costs associated with buying a home. With this mortgage, Scotiabank pays a 5% down payment for you.

Scotia® 100% Mortgage Program - This program allows you to borrow the full amount of the property value of the home you want to buy.

Self-Employed

If you're having difficulty getting a mortgage because you are self-employed or a commissioned sales person:

Scotia® Mortgage for Self-Employed - Scotiabank offers a simplified credit approval process and the ability to select almost any Scotiabank home ownership solution. You can qualify for hassle-free home financing with as little as 5% down.

Second Homes

If you're looking for a second home as a vacation property or a home for a family member:

The Scotia Secondary Home Financing Program offers first mortgage financing secured on all types of Secondary Homes, including Type A and Type B vacation properties.

Or, with the Scotia Total Equity® Plan, you could use the equity in your principal residence to finance virtually any type of property from a four-season home to something more remote.

Flexibility

If you're looking for savings and flexibility with a variable rate mortgage:

Scotia Flex Value® Mortgage - Flexibility means greater mortgage value: a low rate less than Scotiabank Prime Rate, low payments, and a guaranteed rate discount when locked into Scotiabank's 5-year fixed rate.

Scotia Ultimate Variable Rate® Mortgage - All the benefits of lower interest rates with the security of a capped rate and fixed payments for the full 3-year term.

Consistency

If you're looking for consistency in mortgage payments:

Fixed Rate Mortgages - No matter what rates are doing, you can lock in at a rate that makes you comfortable. From 6 months to 10 year terms, all at very competitive rates.

read more about:Homes for Sale

Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate


Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.

Providing Full-Time Professional Real Estate Services since 1987

( BUS 905-828-3434
mark@mississauga4sale.com
8 Website : Mississauga4Sale.com

Homes for Sale

Monday, February 11, 2008

Power of Sale Maintenance Fees shown on the MLS listing information

Another question I get asked quite often about Power of Sale properties is if the maintenance fee of $0 per month is correct as shown on the MLS listing. Same with the property taxes, often the amount shown for the property taxes on the listing for a POS property is often $0

My answer to this common question is as follows:

It's not a misprint, it's done on purpose by the listing agent and/or the bank who is selling the property. Many banks want the agents to put zero for maintenance fees and taxes on the listings.

The reason is so the bank is not responsible for any amount that may have been stated on the mls listing. If the bank showed $400 per month and it ended up being $450 per month, normally a purchaser could go after the bank/seller for the difference. If it's shwon as zero dollars and in the fine print of the offer, it states that the purchaser must investigate and satisfy themselves of the monthly maintenance and taxes, so the bank is off the hook in showing the correct amount.

In Mississauga, all of the 'normal' condo maintenance items, such as heat, hydro, water, common element maintenance, building insurance and common element parking is usually included in a condo maintenance fee. Usually the property taxes and cable TV are not included in the maintenance fees. In some of the newer condos hydro is NOT included, so you have to be careful when assuming that the listing agent has entered the correct information or not. Always best to confirm through me.

I hope this helps. Please let me know if you have other questions.

Thank you,
Mark

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Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate


Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.

Providing Full-Time Professional Real Estate Services since 1987

( BUS 905-828-3434
mark@mississauga4sale.com
8 Website : Mississauga4Sale.com

Homes for Sale