Multiple Offers Still Happen
Still reading about Toronto’s over valued housing market? Waiting for the prices to drop? We weren’t sure what to expect over the New Year holiday season - especially after a slight slow down in the early Fall of 2011 and some negative news reporting about the European and World markets.
Sales are strong and Multiple Offers are back!
Keep in mind that ‘multiple offers’ means just that; more than one offer on a property at the same time. It doesn’t necessarily mean that all the homes are selling for tens of thousands of dollars over list. However, in a multiple offer situation, sellers often enjoy a position of strength that comes with having more than one buyer for their home. Read the rest of this entry »
Neighbours Skate and Give Generously!
The Mulholland Real Estate Team is excited and proud!
The 3rd annual ‘Fun Family Skate Day’ on Dec 31st 2011 attracted loads of generous neighbours and friends and collected over 300lbs of food for the North York Harvest Food Bank!
People enjoyed an afternoon of skating, music, face painting, free hot
chocolate and lots of great prizes – some generously donated by our local business community!
Thank you everyone for coming out and making it such a great New Year event.
If you couldn’t make it to the skate party and would still like to contribute it is never too late!
Is It or Isn’t It?
Is Real Estate a sound investment or isn’t it? Conversations and debates are everywhere about whether or not Real Estate is a good long term investment. Let’s take a look at Bob and Sue; our imaginary – yet very real - home owner and home renter over a 25 year period.
BOB Owns His Home:
$310,000 Purchase Price
Investment $60,000
Mortgage $250,000 @ 6%
Total Cost of Home $480,000
In 25 years home is debt free
And valued at over $800,000
At thirty years the home is worth more and Bob is no longer paying
SUE Rents Her Home:
Monthly rent of $1500
(Not including rent increases)
Total cost of rent $450,000
In twenty five years Sue has nothing
In thirty years Sue continues to pay.
And still owns nothing.
For those of you who are still on the fence about owning a home – or moving up to a larger home, keep this in mind. Read the rest of this entry »
A Skate Party with a Cause – You’re Invited!
Did you know that 36% of the people that use food banks are under the age of 18.
Over 40% of the people that use the Food Bank will do so for less than 6 months.
The North York Harvest Food Bank is the 2nd largest food bank in the Toronto area and serves our communities and those in needs so many different ways! Read More!
You can help by making a donation on our secure partner website - and get a tax receipt!
The Mulholland Ross Team have been proud supporters and sponsors for over 5 years – this year we invite you to help support the North York Harvest Food Bank. Join neighbours and friends at our 3rd Annual Family Skate Party on December 31st between 12:00 – 2:00pm.
Free hot chocoate, Music, Face Painting and More! Bring a non-perishable food donation for your chance to win some fantastic prizes. Read the rest of this entry »
Top 10 Reasons Open Houses Work
After a full week of work, having to leave your home on a Saturday or Sunday for a few hours in the afternoon can feel like an invasion of your space and serenity. However, allowing the Mulholland Ross Team to host an Aggressively Advertised Open House can often be a key factor in getting your home noticed by potential buyers and getting it sold for the highest price.
Some Realtors will tell you it is a waste of time or that it only attracts nosey neighbours. Some may be influenced by their own desire to take a weekend off work. We at the Mulholland Ross Team have a different opinion.
Here are our Top 10 Reasons We Do Open Houses Read the rest of this entry »
Selling Your Parent’s Home
“Overwhelming!” That pretty much sums up what people say when they find themselves with the task of selling their parent’s and/or family home. Unfortunately, it usually happens when people are not expecting it. A fall or sudden illness often leaves family running around trying to find assisted living partners or facilities, while at the same time, trying to clean out the basement so the house can go to market.
We know. We see it and we can help. Read the rest of this entry »
You’re Never too Young to Invest in Real Estate
Note: we’ve posted this one before yet we feel it is so important that we thought we run it again. Your comments and thoughts are welcome!
“Remember when homes at Yonge and Sheppard were selling for less than $200,000? I should have bought 3 of them.”
Oh how we wish we had purchased more real estate when we were younger. Before we had kids and we were able to live with more flexibility; we could bring in room mates, purchase a home with a friend or colleague, or rent out a basement to help pay the mortgage.
It’s a shame that ‘accumulated interest’ and ‘Real Estate Investment’ isn’t taught in any practical applied context right from middle school! Business, Investment and Money Management should be a mandetory class in High Schools everywhere.
Back in 1984 I was working in a Veterinarin Clinic earning about $17,000 per year and paying $475/month for rent. One of the other assistants had a goal of purchasing Real Estate before she was 21 years old. Three of us decided to pitch in and purchase a home. We called a Realtor and went and looked at a skinny detached home on Carlaw Avenue just off the Danforth. The home was listed for $97,000.00 Read the rest of this entry »
Beecroft Extension Plows Through!
Many who drive through the Central North York area between Sheppard and Finch along the Yonge Corrider on a regular basis are getting excited about the progress of Beecroft Rd. Designed to reduce traffic along Yonge St. and the smaller private streets, Beecroft should be a huge relief during rush hour!
Changes to the neighbourhood are happening rapidly.
- New Condos
- New Homes
- New School Boundaries
- New Roads
Your Matrimonial Home
‘Matrimonial Home’ is a special legal term meaning ‘the home that the spouses live in’ and in a divorce it is defined as ‘the home the spouses lived in at the time they separated’.
If you are working through a divorce, It is important to know that your ‘Matrimonial Home’ is treated differently from the rest of the property that is brought into or acquired during the marriage.
It does not matter if one spouse is not on title, or if one spouse bought the home prior to the marriage. No matter what, each spouse has an equal right to possession of the Matrimonial Home. If only one spouse is on title, then that person is entitled to keep the home – but they must pay the other party 50% of the value of that home on the date of separation.
There are many misunderstandings about ‘Common Law’ relationships and Real Estate. In the province of Ontario, only legally married spouses can make a claim to 50% of the Matrimonial Home. Read the rest of this entry »
Where Have All the Sellers Gone?
July 2011 was one of the nicest warmest summer months we can remember. The hot weather typically slows the Toronto Real Estate market down as home Buyer’s take time off their search to spend sunny afternoons with family and friends. However, this summer the only thing slowing the market down is the lack of homes for sale. The Buyers are here and ready to purchase a home or condo….where have all the Sellers gone?
Read the rest of this entry »








