By: Iris Khodkar

What's Open and Closed During the Thanksgiving Long Weekend

Tags: thanksgiving, long weekend, thanksgiving weekend, open, closed, attractions, malls, ttc, turkey, family, holiday Thanksgiving monday, malls, lcbo, iris, iris khodkar, iris khodkar group, re/max, re/max west realty

Whether you are planning a Thanksgiving dinner and need a last-minute item or you’re just looking for something to do and need to know what’s open and closed on the holiday, we got you covered! As usual, government offices including Canada post office and city hall will be close along with banks and libraries. Let’s take a look at the rest: TTC- The TTC will operate on its holid...Read More

By: Iris Khodkar

Federal Elections 2019 and Canadas Housing

Tags: federal election, Canadian elections, housing market, housing crisis, liberal, conservative, NDP, Green, vote, first time home buyer incentive, mortgage stress test, new homes, affordable housing, homebuyers tax, tax credit, shelters, laneway homes, elections 2019, iris, iris khodkar, iris khodkar group, re/max, re/max west realty

Canadians have an important decision to make. As Trudeau’s Liberals fight to maintain power, Andrew Scheer’s Conservatives, Jagmeet Singh’s NDP and Elizabeth May’s Green Party try to appeal to Canadians on the issues that matter most. Among the top issues concerning Canadians are cost of living and housing affordability, according to research from Abacus Date. Related to t...Read More

By: Iris Khodkar

September Kicks Off Strong GTA Fall Market

Tags: housing market, gta market, fall market, buy sell, toronto, richmond hill, durham, york region, for sale, detached, semi detached, townhouse, condo, listings, regulations, strong market, real estate, homes, houses, toronto real estate board, iris, iris khodkar, iris khodkar group, re/max, re/max west realty

A total of 7,825 homes have been sold across the Greater Toronto Area over the course of the month, making a 22% increase from the same time period in September 2018. The average home price ticked up by 5.8% to $843,115 while the Home Price Index- a measure of the value of homes sold- also rose by 5.2%. These are promising signs that the market is continuing to rebound following the strict regulat...Read More

By: Iris Khodkar

Interest Rate Cut Not Necessary, Says National Bank of Canada

Tags: Bank of Canada, rate, mortgage, rate cut, economy, canadian economy, housing market, strong market, strong economy

According to a poll by Capital Economics, more than 60 percent of experts predict the Bank of Canada will cut its overnight rate of 1.75 percent in October. Meanwhile, other central banks like the US Fed have trimmed their interest rates amid weaker economic prospect. However, the National Bank of Canada says that a cut is not necessary for the country. According to Matthieu Arseneau, the deputy ...Read More

By: Iris Khodkar

Things to know for First Time Buyer - Land Transfer Tax

Tags: FIRST TIME BUYER, LAND TRANSFER TAX, ONTARIO, TORONTO, REAL ESTATE, BROKER, LAWYER, IRIS, IRIS KHODKAR GROUP, RE/MAX, RE/MAX WEST REALTY

One of the important aspects while buying a home is paying the Land Transfer Tax. Buyers in Ontario pay Land Transfer tax when they purchase a property. The lawyer will be making all the arrangements for taxes to be paid on the day when the title of the new home is transferred in buyers' name. Additional to that buyer also pays for the Toronto Land Transfer tax if the property is located in T...Read More

By: Iris Khodkar

Shared Equity Mortgage: What it is and How it Works

Tags: mortgage, shared equity mortgage, buy, sell, pros, cons, equity, lender, borrow, loan, re/max, re/max west realty, iris, iris khodkar, iris khodkar group

While your current finances might not support the purchase of a home at this moment, there still may be a way to enter the housing market. One of those options is a shared equity mortgage. This type of arrangement involves both the buyer and the mortgage lender sharing ownership of a home. The owner must live in the property in order to take advantage of this arrangement, but it allows them the o...Read More

By: Iris Khodkar

Five Hacks That Will Make Your Chores a Breeze!

Tags: hacks, tips, baseboard vacuum, jets, counter top, kitchen, life hacks, home hacks, iris, iris khodkar group, re/max, re/max west realty

As homeowners, there are things we must routinely do to keep our houses in tip-top shape. From taking out the garbage to doing the laundry to sweeping the floors, chores are inevitable parts of daily living. But have you stopped to think whether your chore routine is as efficient as it could be? With a few tweaks to your space, you could be cutting your chore time in half. 1.INSTALL BASEBOARD VA...Read More

By: Iris Khodkar

What is Mortgage Pre-Approval?

Tags: MORTGAGE, PRE-APPROVAL, DOWN PAYMENT, INCOME, BUY, SELL, LEASE, REMAX, REMAX WEST REALTY, IRIS, IRIS KHODKAR GROUP

As per the standard procedure, it takes (5) business days to examine an individual’s financial circumstances and the risk that a person might represent to the lender. Some basic information and detailed data on their monthly income, assets, liability, Tax filing, credit rating, credit report, and a document indicating the down payment is required by lenders’ underwriter to calculate th...Read More

By: Iris Khodkar

Is buying Pre-construction a good investment?

Tags: BUYING, PRE-CONSTRUCTION, GOOD INVESTMENT, CONDO, UNIT, FIRST COME, FIRST SERVE, CAPITAL APPRECIATION, PRICE GROWTH, PURCHASE, NEIGHBORHOOD, HIGHER RENTAL RATE, RETURN ON INVESTMENT

The apparent savings in the pre-construction projects come from buying a condo unit in a development stage. When you buy a condo unit in pre-construction, the prices are low, and the units are first come first served. This means there’s no room for bidding that can sometimes increase the prices.   Investing in pre-construction projects, you get the highest capital appreciation and price...Read More

By: Iris Khodkar

How To Protect Your Basement From Flooding

Tags: Flooding, basement, water, seepage, protect, home, house, foundation, rain barrel, rain, snow, melt, runoff, prevention, pipes, sewers, heavy rainfall, basement flood, re/max, re/max west, iris, irirs khodkar, iris khodkar group

Flooding is one of the worst nightmares for homeowners. A basement flood can destroy all your personal belongings and cause untold damage to your property in mere minutes. Even if you’ve never experienced flooding in your home before, it doesn’t mean it can’t happen in the future. All it takes is one heavy rainfall or rapid snowmelt. While much of flooding prevention has to do w...Read More