KITEC PLUMBING

KITEC PLUMBING - a big deal!!!

this plumbing is found in houses, townhouses or condos that were 
built or renovated 

between 1995 - 2007

• results in leaks, clogged drains, poor water pressure etc.
• can have issues obtaining insurance, check with your provider
• BUYERS: have a qualified home inspection
• SELLERS: have a qualified plumber check your property
• SELLERS: if you know that that there is Kitec plumbing. you must DISCLOSE
• can result in lower selling price
• CONDO OWNER is responsible for cost of the repair
• CONDO CORPORATION does NOT pay for cost of repair
• have your real estate agent research the property that you want

FACEBOOK

FREE CONSULTATION for all your real estate needs

patriciakatzrealestate@gmail.com

• Patricia Katz, Broker: 416-879-2094

 Sutton Group-Associates Realty Inc., Brokerage

New Residential Tenancy Lease Agreement

The New Mandatory Residential Tenancy Agreement (RTA)

• Created by the Ontario Government
• This Agreement must be used by all landlors of private residential rental units, including condominium units
• Beginning April 30, 2018: all Landlords must use the new mandatory Residential Tenancy Agreement Form (RTA) for all new leases
• This new standard form (RTA) attempts to clarify the rights and obligations of landlord and tenants 
• For rental of a condo, the new Form requires landlords to provide the condominium's governing documents and requires the tenant to abide by them
• Landlords have an obligation to provide tenants with a copy of the declaration, by-laws and rules of the corporation within 10 days of entering into the lease or its renewal
• The new Form (RTA) explicitly recognize that a landlord can require a tenant to comply with pet restrictions found in the condominium's rules

 A Guide To The Residential Tenancies Act

Call for more information
Patricia: 416-879-2094
patriciakatzrealestate@gmail.com

Patricia Katz, Broker

Freehold Average Sale Price in February 2018

Home Type	Area 416	Area 905
Detached	$1,282,240	$911,065
Semi-detached	$985,902	$648,338
Townhouse	$776,642	$600,671
Condo Aptt	$570,275	$435,216

Sutton Group-Associates Realty Inc., Brokerage

DOWN! DOWN! DOWN! & UP! UP! UP!

CANADIAN REAL ESTATE ASSOCIATION REPORTS for CANADIAN REAL ESTATE:

• Home Sales down 17.4% in December 2012 compared to previous month
• Prices up 1.6 % 

GREATER TORONTO AREA MLS REPORTS:

• 3,690 MLS Sales in December 2012
• 4,585 MLS Sales in December 2011

• TORONTO AVERAGE SELLING PRICE  2012 - $478,739
• TORONTO AVERAGE SELLING PRICE  2O11 - $449,566

AVERAGE CONDO SELLING PRICE in DECEMBER 2012

• 416 - $342,847
• 905 - $281,458

COMMENTS:

• Price growth was strongest for low-rise homes;detached, semis and townhouses
• In spite of dip in "sales", market conditions remained tight for these kinds of homes with substantial competition between buyers

MORTGAGE RATES as of DECEMBER 2012

1 year    3.00% (fixed)

3 year    3.70% (fixed)

5 year    5.24% (fixed)

"when you call me, you speak to me - not an assistant" 

Patricia Katz, Broker*

416-966-0300

pkatz@trebnet.com

patriciakatzrealestate@gmail.com

Sutton Group-Associates Realty Inc., Brokerage