O Canada - HST Version - when Liberals & Conservatives meet in Vegas - by Jas Jagpal

Markham Boxgrove Homes, Morningside Heights Homes, Scarborough Town Centre Condos Real Estate: http://www.JasJagpal.com

Smile :)  We're all screwed on Canada Day!    Lets sing our new HST National Anthem!  Folks I love this country but isn't it ironic they want to screw us on Canada Day! :)  And since we're going to pay up anyways...  lets have fun singing it. :)

O Canada 

Our Home & Taxation Land!

True Liberal Love with all Conservative commands

With gleaming hearts we salute thee rise

to generous tax policies......!

From Coast to Coast

O Canada, we stand and cry in glee...

God keep our land free from HST!

O Canada, we stand and cry in glee...

O Canada, we wake up toooooooo..... baby HST!

For all your real estate HST needs call Jas Jagpal the true professional :-)

C: 647-272-6629 or email: jasjagpal@gmail.com

Markham Boxgrove Homes, Morningside Heights Homes, Scarborough  Town Centre Condos
Toronto Real Estate – http://www.jasjagpal.com

Posted on: www.1stoprealestate.ca, www.linktomorningside.com, www.markhamboxgrove.com

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Comedy: Ask Celebrity Vivica A. Fox How to Buy a Home in Markham Boxgrove - Jas Jagpal

Markham Boxgrove Homes, Morningside Heights Homes, Scarborough Town Centre Condos Real Estate: http://www.JasJagpal.com

It's worth the 3 minutes... especially if you are a mortgage broker.:)

via youtube.com

Vivica A. Fox Explains How To Buy A Home.

 

For all your real estate buying needs call Jas Jagpal the true professional :)

647-272-6629 or email: jasjagpal@gmail.com

Markham Boxgrove Homes, Morningside Heights Homes, Scarborough  Town Centre Condos
Toronto Real Estate – http://www.jasjagpal.com

Posted on: www.1stoprealestate.ca, www.linktomorningside.com, www.markhamboxgrove.com

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Real Estate Comedy - enjoy these REAL listings with Ellen De Generes! Jas Jagpal

I'd like to list a few of these :-)

Jas Jagpal,  Remax Dynasty- 647-272-6629

Morningside Heights, Markham Boxgrove Real Estate - – http://www.jasjagpal.com

Posted On: www.1stoprealestate.ca, www.morningsideheights.ca, www.markhamboxgrove.com

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Untitled

Brookside Soccer Basic Registration Form- PDF Format

Brookside Soccer Basic Registration Form - Word File

Jas Jagpal, REMAX Sales Representative

E: brooksidesoccer@gmail.com C: 647-272-6629

"OH BY THE WAY™...I appreciate your generous referrals".

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Greater Toronto REALTORS® report Mid-April Resale Market Figures

 

TORONTO, April 16, 2010

Greater Toronto REALTORS® reported 4,601 sales through the Multiple Listing Service® (MLS®) during the first two weeks of April.

This represented a 25 per cent increase compared to the 3,681 sales recorded during the same period in 2009. New listings increased by 48 per cent annually to 9,512.

“The fact that annual growth in new listings outstripped growth in sales suggests that the GTA existing home market is becoming better supplied,” said Toronto Real Estate Board President Tom Lebour.

"Home owners are reacting to strong sales and price growth by listing their homes in greater numbers. They are confident they will receive offers in line with their asking price."

The average price for April mid-month transactions was $430,271 – up 12 per cent compared to the average of $383,361 recorded during the first 14 days of April 2009.

"The average annual rate of price increase has declined and we are shortly going to see a return to sustainable single-digit rates of growth," said Jason Mercer, TREB's Senior Manager of Market Analysis.

"As home buyers experience more choice in the marketplace, there will be less upward pressure on the average selling price in the GTA.”

Jas Jagpal, Remax Dynasty Realty Inc
647-272-6629
jasjagpal@rogers.com

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What a Beauty – Aura shines for the Rich

Imagine living in the tallest high rise, nearly 800 feet in the sky and having a panoramic view of the city and the most sought out after address.  Imagine 11,370 square feet of elegance, 5 bedrooms and 6 bathrooms; whirlpool/hot tub in enclosed terrace overlooking the beautiful skyline.  Imagine walking off the elevator and having your “royal” guests walk into a great hall and be pampered in your personal salon.

For the privileged and wealthy, this luxurious living in downtown Toronto is waiting for it’s King and Queen.

Name: AURA by Canderel Stoneridge
Location:  College & Yonge
Height: 75th-Storey – Near 800 ft.
Backyard: 3 Acre of park (College Park)
Ground Floor: 3 Levels of Retail and Restaurants
Neighborhood Amenities: Bloor/Yorkville, Live theatres, Eaton Centre, Universities, Waterfront, everything, etc.

Price: $17.5 million or only $1539 square foot.

Now if you are a champion of money and would grace me with your charity, buy this suite with me and make my dream commission a reality!   I could sure put it to good use for the kids in our community!  I’d love to start scholarships and mentorship programs.

Anyways, for more luxury condos Fl 72-74 … from 2200 Sq Ft, prices start at $2,255,000

Deposit Structure: $5,000 with offer, Balance of 5% in 10 days, 5% in 90 days, 5% in 180 days, 10% on occupancy

Jas Jagpal, Remax Consultant, 647-272-6629 – jasjagpal@rogers.com

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HST (TAX)- What You Need to Know Now...if your selling.

HST (TAX)- What You Need to Know

April 8, 2010 by 1stoprealestate.ca

I just finished writing the blog and computer errored… should have known better to write it straight in the blog program without saving it.  Anyways… having vented, let me tell you how HST will affect Sellers of Real Estate and in another post I’ll mention the affects on Buyers.

So What is HST? – 13% Tax (Harmonizing of GST (5%) and PST (8%) – hence HST

When does it take affect? – July 1st, 2010

HST will apply on all current services you pay GST on.  So you will pay on Realtor commissions, Lawyer fees, Inspections, Maintenance, Moving Costs, etc.

Transitional Rules:

1.  If you list May 1st and close July 5th.  As long as 90% of the services related to your Real Estate transaction (open houses, getting mortgages, inspections, title search, etc.) occured prior to July 1st… then you won’t have to pay HST just the GST.

2.  If you list May 1st and close Aug 1st.  Since the 90% rule won’t apply you will now pay on a weighted scale.  2 months (2/3) GST and 1 month (1/3) of HST on all your closing cost (commission, lawyer fees, etc.).  All costs incurred prior to July 1st would only have incurred GST.  Movers would have charged entire HST.

How much will you be paying extra?

Lets calculate using an average GTA price of $400,000 for a single family house.

Seller would pay: 
1.  Commission 3.5% – 5% = $1120 to $1600 more
2.  Lawyer ($1000 – $2000) = $80- $160 more
3.  Moving ($1000-$2000)=  $80 – $160 more
4.  Pre-inspection ($300-$500) = up to $40 more

So Sellers are looking at around $2000 added to closing costs.  Nothing too significant that will cause a dent in the Toronto market.  The Toronto Land Transfer Tax was significantly more expensive and had no affect.  I think surrounding municipalities will probably add their own form on Land Transfer Tax in the upcoming 3-5 years.

In my next post I will talk about how GST affects  Buyers.

Jas Jagpal, Remax Real Estate Consultant – 647-272-6629  jasjagpal@rogers.com

Have real estate questions or thinking of investing in Condos, email me and get VIP discounts and 1st choice with new condos.

Posted in General, Jas Jagpal - Toronto Real Estate Blogs, Toronto Real Estate Stats | Tagged Harmonized Sales, Harmonized Sales Tax, HST, HST affects on Real Estate Transactions, HST affects on Sellers of houses, HST in Ontario, Seller HST costs on a Real Estate Transaction | Leave a Comment »

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