Archive for October, 2006

Luxury real estate. GREATEST FILM LEGEND’S CHILDHOOD HOME UP FOR SALE

Oscar winner Jack Nicholson’s childhood home is up for sale on internet auction site eBay.com.
The ONE FLEW OVER THE Cuckoo’s Nest actor was brought up by his grandparents JOHN and ETHEL NICHOLSON in the Neptune, New Jersey home, and spent the first 37 years of his life believing they were his parents, until it was revealed in [...]

Toronto real estate. TD Canada Trust giving away cash in Mortgage Millions Contest

More than $2 million in cash prizes was available to be won during TD Canada Trust’s recent “Mortgage Millions Giveaway” contest. In addition to the scratch and win portion of the contest which saw a number of lucky winners, the sweepstakes part of the contest
allows sixty new mortgage customers, from all across the country, to [...]

Luxury real estate. Robert De Niro Buys $23 Million Manhattan Home

Oscar winner Robert De Niro has paid millions for the former home of Miramax boss Harvey Weinstein. The Hollywood actor bought the lavish 15-room property on the Upper West Side of Manhattan, New York, from Weinstein’s ex-wife, Eve, for a reported $23 million.
The property features stunning views of Central Park and includes a luxurious film theatre, installed [...]

Toronto real estate. SHOULD YOU LOCK YOURSELF IN FIVE-YEAR TERM MORTGAGE NOW?

Mortgage interest rates have fallen from the peak they hit this summer, but various economic forecasters predict there are more savings to come. Even without further reductions, a leading mortgage brokerage suggests it might not be wise for homeowners and buyers to lock themselves into a five-year term right away. The welcome relief in interest [...]

Toronto real estate. TORONTO MARKET IS HEALTHY!

The Toronto Area resale housing market showed solid activity throughout September with 6,622 sales to maintain the year’s strong performance. Though the overall sales pace is at more normalized levels, 2006 remains within one per cent of 2005’s all-time record pace for the year.The average price of a home during September was $349,142, up five [...]

Good news for Homeowners! Ontario electricity rates decreasing slightly

Turning on the lights in Ontario is going to cost slightly less this winter.Homeowners will notice a small reduction of about 5.8 per cent on their electricity bills.
That’ll equal a savings of about $6.60 for households using 1,000 kilowatts per hour; although it will vary across the province.
The Ontario Energy Board says consumers can thank [...]

Toronto real estate. Toronto Hydro to give 100,000 customers rebates

According to reports, about 100,000 Toronto Hydro customers will be getting a rebate on their summer electricity bill.The company’s summer challenge program promised a 10 per cent rebate for customers that reduced electricity consumption by at least that same 10 per cent figure.
Toronto Hydro says the credits will appear on customers’ bills over the next [...]

Toronto real estate. Renovations still rate high for homeowners in Ontario

A healthy majority (71 per cent) of Ontario homeowners are planning renovations over the next two years, but that number has decreased by 7 per cent compared to last year, according to a new RBC Royal Bank survey.
    “The rise in interest rates since last year likely accounts for at least part of this cool-down [...]

Canada real estate. CANADIANS LOVE TO FLIP

About one-quarter of Canadians would like to flip - not their lids, their houses.
According to a survey of 1,200 English TV viewers from across Canada, ages 25 to 54, conducted for HGTV by Vision Critical, about 25% of respondents have considered “flipping” houses as a source of income.
To “flip” a house is defined as buying [...]

Canada real estate. CANADA HOME SALES IS SET TO HIT RECORD IN 2006

Canada’s existing-home sales will reach a record for the sixth straight year in 2006, as low unemployment and rising incomes boost demand, the Canadian Real Estate Association said.
Sales of existing homes, which account for about two-thirds of all home sales, will increase by 32 units in 2006 to 483,265, the association forecast today. Prices will [...]