January 2015

There are 46 blog entries for January 2015.

As of March 1, 2006, every home in Ontario is required to have working smoke alarms on every storey or level, including basements.

According to information from the Ontario Fire Marshal and as drafted in the Ontario Fire Code, “a smoke alarm is required to be installed between each sleeping area and the remainder of the dwelling unit. Where the sleeping areas are served by hallways,
the smoke alarms must be installed in the hallways.” In addition, at least one smoke alarm is required to be installed on each storey that does not contain a sleeping area.

Non-compliance with the Ontario Fire Code smoke alarm requirements can result in a ticket for $235 or a fine of up to $50,000 for homeowners, tenants and individual landlords, and up to $100,000 for

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When you buy an older house, you expect that there may be some repairs or issues with the house that you can factor into your buying decision and price. However, many buyers opt for the new home because they want to avoid having to do repairs and renovations. But just because you buy a new home, it doesn’t mean you will be problem-free. There are signs to look for in a brand new home that signify problems that should have you walking. Don’t buy the home if you see…

Sticky Doors: Do the windows and doors operate smoothly? Sticky door and window jams can be an early indicator of more serious structural problems with the house.

Diagonal Cracks: Hairline cracks are common but anything more than that should be checked out. A straight vertical crack

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Domenica Carelli was born in Toronto and raised by Italian parents in an Italian community in Woodbridge, Ontario. She is first generation Italian her love of travel led her to live and work in Italy which allowed her to perfect her knowledge of the Italian Language.  Hamilton Ontario has become home for Domenica where she has become an expert in the area and a top producing real estate agent.

With a goal to make home buying and selling fun, enjoyable and hassle-free for her clients, Domenica’s experience, strong work ethic and dedication make her a valuable part of our team. Her cheerful demeanor and attention to detail ensure that each transaction is handled with exact professionalism and quality.

Domenica knows the value of hard work and striving

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The most common mistake home buyers make is that they buy with their heart instead of their head. This often means they pay more than they should or are disappointed when they uncover defects in the home or find out the neighbourhood isn’t quite what they thought.

  1. Visit the neighbourhood on foot.
    Take a walk through the neighbourhood and talk to people. Drive by at 7:30 in the morning to see how many school buses are picking up children. You can also tell how long it may take you to commute to work during rush hour. By speaking to people, you can not only get a sense of the friendliness of the community, but also as to whether there are any surprises that no one is going to advertise, a local haunted house, vandalism, former grow houses, or the
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With mortgage rates at an all-time low, locking into a mortgage is a tempting commitment. However, these low rates have experts cautioning homeowners: can you still afford your mortgage if rates were to rise?

Stress-testing your mortgage is a smart way for home buyers to prepare for the future in the event that mortgage rates go up. Before locking in to a mortgage, home owners should calculate their mortgage payments at a higher rate to see how much their mortgage may cost in the event rates were to rise in the future.

“When homeowners stress test their mortgage at different rates, they have a better understanding of what they can and can’t afford,” says Wade Stayzer, Vice President, Retail and Investment Services at Meridian, Ontario’s largest

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Bridge Financing can Ease Closing Day Stress

Bridge financing could have saved the day last month when a series of disasters on closing day caused three related real estate deals to fall apart.

When a bank pulled the financing from one buyer at the last minute, it caused all the deals to fall apart because each one was contingent on the previous seller getting the money to close their own sale. This is what real estate lawyers refer to as a train wreck.

If bridge financing had been used, it is likely that this could have all been avoided. In a typical bridge situation, the buyer closes their purchase a few days before their sale. They go to their bank and ask for a loan, to pay for the entire purchase, with the understanding they will repay the

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BREAST CANCER IN CANADA

  •  Breast cancer is a complex disease with no known single cause.
  • In 2014, it is estimated that 24,400 women and 210 men in Canada will be diagnosed with breast cancer, and that 5,000 women and 60 men will die from the disease.
  • 1/3 of breast cancers can be prevented.
  •  If a women lives to age 90 she has a 1 in 9 chance of developing breast cancer in her lifetime. The current 5 year survival rate is 87%.

The Canadian Breast Cancer Foundation allocates funds to high-quality research and community grants across the country. The Foundation funds initiatives that support and advocate for: relevant and innovative research; meaningful education and awareness programs; early diagnosis and effective treatment; and a

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Millions of Canadians unknowingly have billions of dollars worth of their money and assets being held by companies and government agencies, available for recovery.

The Bank of Canada alone is holding nearly $1 billion from bank accounts and Canada Savings Bonds, but experts estimate unclaimed assets across the country could top $4 billion to $7 billion.

Canada is way behind other developed countries in having comprehensive unclaimed property legislation for all its residents, says accountant Brenda Potter Phelan.

“A country so progressive, so socially minded as Canada, I find it hard to stomach that we don’t have some safeguards. In the U.S. and around the world they find this a main part of consumer protection,” she said from Cambridge, Ont.,

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Where is my privacy?

A seller advertised the home as having large evergreens in the backyard, giving year round privacy. The sellers moved out a week before closing and gave their neighbour permission to trim the branches on the neighbour’s side of the fence. The neighbour proceeded to remove all the branches, taking away the entire privacy of the backyard. The buyers noticed this just before closing and were upset.
The solution was to plant eight cedars in the space, creating instant privacy at a cost of about $1,200 which the seller paid. Problem solved.

There is a skunk under the porch

The buyers found a family of skunks under the front porch on the day before closing. The seller’s lawyer said it was not the seller’s responsibility to

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Seeking the American Dream? Come to Canada.

In one of the most comprehensive studies of our nation’s affluent, analysts report that two-thirds of Canada’s millionaires are self-made. Strikingly, almost half the nation’s high net-worth individuals are either immigrants or first-generation Canadians, compared to just one-third of millionaires in the U.S., and nearly seven in 10 of them generated their own riches.

“Canada has always been positioned as a place of opportunity; with this study, we’re able to validate that,” said Yannick Archambault, vice-president and chief operating officer of BMO Harris Private Banking, which commissioned the study. “(Immigrants) bring a strong work ethic, a lot of determination and entrepreneurship.”

According to the

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