Toronto real estate

Toronto real estateToronto real estate investors have their interested piqued by Totem Condos.  The development already has a buzz surrounding it because the sales center should be opening at the end of February.  If you are interested in this project and require more information please visit  You will also be able to register for platinum pricing and eligible for pre-public offering.

A little information about Totem

Worsley Urban Partners have teamed up with RAW and to preserve the exciting Toronto building, which will converted to a modern 18-storey mid-rise tower at 17 Dundonald Street.

Totem Condos is being described as iconic and will have direct access to the Wellesley Subway, the first of its kind.  Here is a glance at the project

An array of luminous boxes, stacked on top of each other will give the illusion of a wave gently sway from left to right

Real Estate Investment

Investing in real estate can be a profitable venture if you understand the dos and don’ts, and take wise decisions. From determining the location to finalizing the paperwork, the process involves many details. Since this is a high-end venture, a lot is at stake here. Here are some of the basics to keep in mind to get a good return on your investment.

The Dos of Real Estate Investment

Research the area/neighborhood that you want to put your hard-earned money in as a long-term investment. You can talk to people in the neighborhood to see what facilities are available. As with everything else, location is the most important factor, as it plays an important role in the resale value of your investment property.

Investment Research

When researching, make sure that you also take into account market factors – how well the economy is doing, what the real estate market trend is, etc.,– before you put down money on an investment property.

Take help of a real estate agent, who will be able to locate the right property for you and can guide you through the paperwork.

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Real Estate Investment Sales

Real estate investment sales process involves several aspects.  It serves to bring together buyers and sellers of all kinds of properties.  Some of the common examples for properties are:

  • Commercial real estate properties such as hotels, office parks, strip malls, storage units.
  • Residential properties like single-family homes, condominiums, duplexes, etc.
  • Entertainment complexes like movie theatres, gyms, restaurants, etc.

There are many companies and individuals involved in this business and their services are all unique to each place and investment deal.  Most firms that are involved in real estate investment sales tend to stay local to a state, as they find enough business to do and it is a matter of reputation.

The main function of a real estate investment sales specialist or company is to work in tandem with buyers and sellers of various kinds of properties. This helps to generate capital for other projects. Companies have to know their markets well, and having a good relationship with investors in the market they are operating is vital.

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Foreclosure Assistance

If you’re facing foreclosure, the State Home Foreclosure Prevention Project (SHFPP) offers free help, including counseling, access to legal services, and assistance working with servicers.

The SHFPP coordinates HUD-approved housing counseling agencies, state and federal agencies, legal assistance organizations, mortgage servicers and community organizations to provide the resources you need to avoid foreclosure. The program was created by the General Assembly in 2008 and is administered by the North Carolina Housing Finance Agency, a self-supporting public agency.

You can get free help over the phone or face-to-face. Call 1-888-442-8188 to make an appointment. Your call will be answered Monday-Friday, 8:30 a.m. to 8:00 p.m., and Saturday 9:00 a.m. to 5:00 p.m. For more information about getting assistance, go to “I Need Help – What Now?”

If you are struggling to make mortgage payments due to reasons such as job loss, reduction of income, or other temporary hardship, the N.C. Housing Finance Agency also offers the N.C. Foreclosure Prevention Fund™. Qualified homeowners may be eligible for an interest-free loan of up to $36,000 to pay mortgage and other related expenses for up to 36 months from the N.C. Foreclosure Prevention Fund™, which uses funds from the U.S. Treasury.

Please note that any program that requires you to pay upfront fees to help you avoid foreclosure is illegal. The Office of the N.C. Attorney General provides help identifying and combating foreclosure scams.

Real Estate Investing Information

Real Estate is a desirable commodity and a worthwhile investment. Given the risks and benefits involved, real estate investors need the right information and guidance to take the right decisions. There are several good sources for real estate investing information.

You can begin by going to the local library and getting books on real estate. You will find out all the basics on what you have to do when you own a home/property, maintenance, buying and selling, etc.  You can also talk to your banker, who would be a good source of investing information, as he or she will be the source for your financing. There are many such ways to make sure that you get the right information relating to real estate.

The Internet is a great source for investing information.  This is a good way to check out the city you are going to invest in, good neighborhoods, schools, activities available, etc.  This way you will also be able to find out which real estate company you want to work with.  There are real estate brokerages in every city and you can find an agent to work with. Another source for good investinginformation is your local newspaper. On the weekends there are always pull out sections with information on all kinds of properties on sale and multiple listings.

Investing Information Sources

Websites and newspapers advertise foreclosures and estate sales, and offer investment opportunities and investing information for people who are interested in buying cheap and flipping the property.  Other sources of investing information are radio shows and seminars.  These forums offer information in a slightly different format – market trends and all the latest technologies available to make a property attractive and the like.

If you are interested in buying more than just a house, and would like to expand your investing portfolio, there are different sources for such investing information.  The local chamber of commerce would be able to provide statistics and details on neighborhoods, businesses, activities, etc., so that you can make an informed decision on the path to take. Each city has a Real Estate Investing Club, which would be a good place to get investing information.  If you want to invest in a certain kind of property, you may find like-minded people there, and you can invest pooled money in a bigger property.

Investing Information Reports

There is always going to be a need for property in one form or another.  If you are in doubt, then you always have the option of buying shares of companies, which are in this line of business.  Annual reports have detailed information on the various projects a company has invested in.  It is also a good idea to check and see how you can invest in stocks and mutual funds. You can also check what percentage of your pension plan has been invested in companies dealing in real estate.

It is a matter of personal responsibility to look at all the sources of investing information and make informed decisions when dealing in real estate.  Done right, the return on investment is very good.

Trading Real Estate Tips

In today’s times, when the markets are dipping and it is a high risk to invest money into assets like stocks, commodities etc; trading real estate is the option that can help one make desired kinds of profits from the investments. The fact about real estate is that even in today’s times, the prices in this field are rising so as to give profits in return to the investors. It is certainly for this reason only that there are a large number of companies that are dealing in real estate in today’s times. They assist those who want to trade or want to make investments in this trading field, along with doing their own business. The help from these companies lets one have an easy brush while trading real estate and get a comfortable experience out of the dealings. The best part is that these trading real estate companies can be sought for help through internet sources only, which means that one doesn’t need to get out of the house to get started with the trading experience and can do it all from the cozy comforts of the house only!

How Trading Real Estate is Different

It is a fact that unlike trading other types of commodities, trading real estate requires the aspirants to gain some prior knowledge so as to excel in the field. But despite all this, the basic fact remains that one should be careful about all the steps that one takes. After all, the question is about investing money and no one likes to endure a loss in cases where money gets involved. Along with this, the field involves not only your but also your clients’ money and losing that could actually damage your reputation the market and in turn your career in for bad trades.

The knowledge about real estate trading tactics can be gained formally also, by pursuing various courses that deal with the aspects of this field. With the help of these, one can become aware of the multiple factors related to trading real estate along with the advanced methods being taken up for the field these days. The internet revolution has aided the advancement of methods in real estate trading also by bringing all the things into the mouse buttons. From the properties on sale, to the buyers interested in them, everything can be seen on the computer screens and one can mint money by trading properties from your own living room sofa! Apart from the ease, the internet technology has also rendered the traders more ability to gather information about the properties and investors. They can also calculate the estimated profits that the properties would offer them in the future and can take a thorough decision while trading after considering these things.

Reality of Trading Real Estate

The factor of profits does lure one to get into the trading real estate business and try the luck, but it should however be kept in mind that one takes a start after taking consultation from someone who is experienced in the field and is aware of its trade secrets. This can be the companies you associate with, or even someone from your own contacts. The knowledge acquired by you, combined with your guides experience are sure going to benefit you once you start trading real estate!

50 Wellesley Condos

A new real estate investment project is starting called Wellesley Condos. The address is 50 Wellesley Street in Toronto. These residences are being developed by Plaza Corp and designed by the Quadrangle Architects firm. This condo will have 28 storeys and around 223 units up for sale in spring of 2014.

Buying pre-construction condos is one of the best way to earn money in real estate investment. There are few key factors why this happens. During this sales phase, prices are much lower saving you thousands of dollars. There are about 6 sales phases and each time the price goes up. The developer offers incentives for the first group of purchasers. You will have the greatest selection of units and floors at this time. Most of what is left when the general public is allowed to purchase the units without a vip sales representative are the least desirable units.

To purchase a condo residence on 50 Wellesley, some sort of down payment, and pre-qualification for a mortgage is often required. One of the major banks is always in the sales center. One advantage to using them is that they will be the only ones that can hold the current mortgage rate for up to a year without any commitment on you part. It is always best to get pre-approved by the bank that is dealing with that project directly. The payment structure has not been released by the developer yet.

Location is a key factor to good real estate investment. Learning about the surrounding neighbourhood and area is crucial to make a wise decision. 50 Wellesley Residences are in a well established location that will continue to return grow and prosper. There will be no need to travel far, as all the major amenities are within walking distance. Public transportation provided by the TTC is right around the corner for those that require to get around Toronto.

Real Estate Market Improves

I want the real estate market to improve as much as anyone else. But, don’t tell me the market is getting better as a part of a negotiation tactic. Local real estate markets don’t get better or worse over the course of a few weeks; they crawl to lower inventory and more affordable prices. It took us a few years to get into this rough patch, and it will take a couple years for us to get out.

America not fared as badly as other areas around the country, but our sales volume has decreased substantially compared to the boom years. With decreased sales volume, we have seen higher inventory and weaker pricing. But, check out the Local Stats category (in the right margin), we’re doing o.k.. Still, appreciation is low or in some neighborhoods nonexistent. Our high inventory makes selling more competitive than it’s ever been.

. . . which brings me back to my main point. I was negotiating a contract recently with a local agent and to justify his seller’s pricing position, he insisted that the market is getting better. His seller would not come down in price because his office is seeing an increase in activity. . .

Well, we see an increase every September for the short fall market and a few more showings is not a sign that our local market is returning to more robust sales numbers. We have to look at long-term trends and they are still indicating a seller’s market is nowhere in sight.

It is difficult to know if the listing agent was merely posturing and advocating for his seller, which is his job, or if he really believed what he was saying. Regardless, the seller did come down in price and we got the contract together. In a buyer’s market, that is usually what happens, i.e., the seller has to come down. This end result indicates. . . you guessed it. . . .that for right now, the market is still pretty much the same.

The “New Normal” is Here to Stay!

When will we see home prices like we saw during the boom?

It’s no secret that prices went sky high to unsustainable and not affordable levels during the real estate boom. We look at the equity we thought we had in our homes during this anomaly and it’s common to hope to see those prices return someday soon.

Well, the truth of the matter is that we almost certainly won’t see 2005-2006 prices for many, many years. Some economists predict it will be another fifteen years before we see the prices back near peak levels. And if you look at historic home price appreciation, it realistically could be 2025 or longer!

A review of the five county Metro area (Orange, Seminole, Osceola, Lake and Volusia) shows 2010 year-to-date home prices at the lowest level since before the turn of the century! The prices this year based on 30,565 homes sold shows an average sale of $139,202 and a median sales price of $107,500. Compare that to almost 62,000 sales in 2006 and 2007 combined which had an average price of $287,967 and median price of $237,500.

So the average value is down a sobering 51.7% and the drop in median price is 54.7%. I think everyone likes a “half-price” sale at a retail store but it stings when it comes to home prices! It’s hard to picture prices going lower in spite of the foreclosures, short sales, high unemployment and sputtering economy. I’m thinking we have found the bottom!

While many people have hoped for a quick turnaround even as the market declined further, I think the economic data, tighter lending standards, conservative new appraisal laws and a severe hangover from the last boom suggests that prices aren’t going to appreciate quickly.

I think we’ve found the “New Normal” and more of us accept that as reality as the days pass. So many people have had their lives on hold waiting for the real estate market, many by necessity and other by choice, believing prices will “come back”. We’ll all make it through this together. Our great grandparents spoke about the Great Depression. We’ll tell our grandchildren about the Great Recession and the housing boom and bust as we began the new millennium!

River City Condominiums in West Don Lands

Introducing the River City Condominiums in West Don Lands. This development is by Urban Capital Property Group and and Waterfront Toronto. Currently its on its final phase. The first condo has already been constructed, and only a select few units are remaining. The secondo condo is currently in construction. It consists for 3 mini towers connected by a glass passageway. The third condo named River City Condominiums Phase 3 has started selling and is in pre-construction status. The actual address of this is on Eastern Avenue and Saint Lawrence. It will be a 28 storey tower with grey, black, and white exterior panels.

The area has been undergoing a revitalization. It was typically an industrial area. Some notable improvements include the Overpass, flood prevention, the parklands, and preparation for the 2015 pan-am games. The overpass which was once considered a dark and gloomy part of the city has been converted to a park. The city contributed about 5 million dollars to make this happen and it was worth the cost. New measures to prevent floods was added to the river including a landform that would keep the water where it belongs and not damage any property. With the largest park lands in Toronto you’ll be sure never to get over crowded in this location. There are 18 acres of lush green rolling hills to stroll or ride through. An athletes villages will be constructed for the 2015 pan american games and will be converted into a mixed use neighbourhood.

River City is also surrounded by three prominent neighbourhoods in Toronto. These include Corktown which is one of the oldest neighbourhoods with a lot to offer. Leslieville known for its film industry with several major companies around. The Distillery District known for its history buildings and entertainment venues. Considering this West Don Lands is a perfect locations to start a life or making an investment in.

Condo Guide

Effective condo investing systems are less complicated than what most people think. Although the processes of buying and selling houses can be difficult, the foundation for condo real estate transactions can be simplified. The use of licensed brokers or agents makes the marketing process for properties easier because you can take advantage of their knowledge and contacts of the local market. These condo guide investing systems are not just about gaining profits. It is more importantly about continuity. Realty services give individuals a foothold in this kind of business. Maintaining strong and trustworthy relationships is the key to a successful investing system.

Effective Investing Systems Rely on Good People

There are many licensed property consultants trying to get your money. The basic concern with using their services is determining if they can be trusted and are reliable. Because of the low barrier to entry for becoming a real estate agent or contractor or other real estate professional, it’s hard to find good help. There are many unscrupulous people in the condo guide business, so checking references and making sure those references are legit is paramount to making sure you’re dealing with reliable people. If you do your due diligence and find a good agent and contractor, hold onto them. Good help is worth their weight in gold. These honest and competent individuals can help you turbocharge your condo investing system.

Investing Systems Can Handle the Hiccups

Selling a house isn’t easy in a down economy. Even if a good qualified family wants to buy your house, it’s pretty common to have hiccups over the price, during the inspection process, when getting financing, and on settlement day. Most notably, the success of an investing system transaction lies in eliminating the uncertainties and problems in these processes. The condo guide business is not a one shot deal. It is a continual process over tens or even hundreds of transactions a year. Maintaining an honest reputation means everything to a businessman involved in the condo game. Contractors and agents and brokers may have all sorts of tricks up their sleeves, but among the processes that work best are the people that have been in business for many years and have the references to back up their claims.

Success in the condo guide business relies on good communication. A potential client or customer needs their issues addressed and kept informed during any real estate transaction. A happy client who is kept in the loop means repeat and referral business. It means that people from all over pass around vital information about potential properties for sale. An individual who gets referred to a seller or a buyer agent needs to be contacted immediately for screening, their needs assessed, and given a proposal.

This kind of investing system depends heavily on reliability. Business people want first-hand information from trusted people. The relationship between brokers and property contractors must be sealed, not merely by friendship, but by trust. Check out for all your investing needs.

Realty Trading

This is a time when selling houses and prime lots can be anybody’s business. Due to the high percentage profits that can be gained through realty trading, a lot of individuals are putting a part of their time and effort in seeking out prospective buyers. By representing homes that are for sale, these people get a chance to earn a proportion of the total revenues. For many, referring individuals to property contractors and consultants is fast becoming more than just a part-time job. Many people are looking at the idea of going full time in the real estate business.

Realty Trading Careers

Today, realty trading is a serious career path. A lot of individuals are associated full-time with property companies that are spread out all over the country. Due to the risks and the dangers that go with the selling and buying of houses and lots, the government makes it mandatory for every real estate trader to undergo licensure examinations. A career in this field can lead to a lot of financial profits for property agents and representatives. The necessity to undergo proper training is vital to being an expert or consultant in realty trading. Not only does a real estate transaction involve a lot of finances, it also brings into consideration the legal implications of property ownership, as mandated by law.

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How Identity Theft Can Impact Your Credit?

Years hаνе passed аnd still, identity theft remains tο bе thе one οf thе mοѕt severe kinds οf fraud thаt anyone сουld experience. Wіth identity theft οn thе rise, personal аnd financial information aren’t safe. Consumers аnd thеіr families continue tο suffer bесаυѕе οf thіѕ white collar crime. Bаd credit brought аbουt bу credit card fraud іѕ οnlу a small раrt οf thе identity thief’s рlаn tο take everything. Nο matter hοw hopeless іt mау bе, thеrе аrе still ѕοmе ways tο counter thіѕ crime.

Credit monitoring іѕ one way οf helping control identity theft dаmаgеѕ. Whеn уου keep аn eye οn уουr credit, уου hаνе thе chance tο immediately contact thе authorities, уουr creditors, аnd thе credit bureaus іf something іѕ amiss. Yου сουld nοtіfу thеm οf thе white collar crime thаt’s happening tο уου. Aftеr doing ѕο, barriers wіll bе set up tο keep уουr life аnd finances safe frοm further dаmаgе.

ID theft іѕ detrimental tο everyone. It’s fаѕt becoming аn illegal industry thаt trades vital sensitive information fοr money. Victims οf id theft range frοm toddlers tο thе deceased. It takes utmost vigilance аnd assertiveness tο counter thе attacks οf thеѕе thieves. If еνеr уου dο become a victim οf thіѕ crime, уου ѕhουld bе positive enough tο overcome іtѕ destructive effects.

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Moody’s Downgrades $42.2 Billion of Subprime RMBS

This week Moodys Investment Service downgraded its ratings on a total of $42.2 billion of residential mortgage-backed securities (RMBS) made up of subprime home loans.

The agency said the downgrades are a result of “continued performance deterioration in subprime pools,” which is likely to worsen further as still-falling home prices and high unemployment trigger more defaults. The ratings actions reflect Moody’s updated loss expectations on subprime securities issued between 2005 and 2007.

Senior SEC staff surfed porn sites while economy crashed

Senior SEC staffers spent hours surfing pornographic websites on government-issued computers while they were supposed to be policing the nation’s financial system.

California Rep. Darrell Issa, the top Republican on the House Oversight and Government Reform Committee, said it was “disturbing that high-ranking officials within the SEC were spending more time looking at porn than taking action to help stave off the events that put our nation’s economy on the brink of collapse.”

He said in a statement Thursday that SEC officials “were preoccupied with other distractions” when they should have been overseeing the growing problems in the financial system.

The SEC’s inspector general conducted 33 probes of employees looking at explicit images in the past five years, according to a memo obtained by The Associated Press.

The memo says 31 of those probes occurred in the 2 1/2 years since the financial system teetered and nearly crashed.

The staffers’ behavior violated government-wide ethics rules, it says.

The memo provides fresh ammunition for Republicans who suspect the timing of the SEC’s lawsuit last week against Wall Street powerhouse Goldman Sachs Group Inc. News of the suit came as the Senate prepared to take up a sweeping overhaul of the rules governing banks and other financial companies.

The memo was written by SEC Inspector General David Kotz in response to a request from Sen. Charles Grassley, R-Iowa. It summarizes past inspector general probes and reports some shocking findings:

_ A senior attorney at the SEC’s Washington headquarters spent up to eight hours a day looking at and downloading pornography. When he ran out of hard drive space, he burned the files to CDs or DVDs, which he kept in boxes around his office. He agreed to resign, an earlier watchdog report said.

_ An accountant was blocked more than 16,000 times in a month from visiting websites classified as “Sex” or “Pornography.” Yet he still managed to amass a collection of “very graphic” material on his hard drive by using Google images to bypass the SEC’s internal filter, according to an earlier report from the inspector general. The accountant refused to testify in his defense, and received a 14-day suspension.

_ Seventeen of the employees were “at a senior level,” earning salaries of up to $222,418.

_ The number of cases jumped from two in 2007 to 16 in 2008. The cracks in the financial system emerged in mid-2007 and spread into full-blown panic by the fall of 2008.

An SEC spokesman declined to comment Thursday night.

About 16 percent of men with Internet access at work admit to looking at online porn while at the office, according to a 2006 survey by Websense Inc.

Former SEC spokesman Michael Robinson said he shares the public’s outrage about SEC staffers who enjoyed porn on the taxpayer dime when they were supposed to be keeping the markets safe.

“That kind of behavior is just intolerable and atrocious,” said Robinson, now with Levick Strategic Communications. He said he expects the head of the SEC, Mary Schapiro and her team, are “very focused on” the issue.