Kitec Lawsuit Ends this Jan + kitec facts for Ontario Home Owners

Helpful Information for Ontario Home Owners with Kitec Plumbing.  Here is a little update that might be of interest.
Feel free to pass this along to anyone you know that has been affected  by Kitec Plumbing in their units.
– The claim filing deadline is January 9, 2020
– Piping with the names Kitec, PlumbBetter, IPEX AQUA, WarmRite, Kitec XPA, AmbioComfort, XPA, KERR Controls, Plomberie Améliorée are included in this settlement
– At this stage, only people who have experienced a failure in a Kitec plumbing system are eligible to receive settlement payments
– If you have not experienced a leak, you should still file a Claim Form
If there are sufficient funds remaining at the end of the claims filing period, you might be eligible for some compensation
– Per the plan of allocation, a payment will occur per each qualified leak experienced. The payment is approximately one half of the estimated costs to repair or replace the affected fitting or pipe
– If you had to replace your plumbing to sell your house, you should file a Claim Form and include documentation showing that you were required to replace your Kitec System and the costs. Depending on fund sufficiency you might be eligible for compensation at the end of the claims period
– The laws regarding the disclosure of information to potential buyers vary depending on the state or province. If you are planning on selling your home and have a Kitec System you should disclose this information.
* For full details of the lawsuit go to http://www.kitecsettlement.com/
* If you are not sure a house has piping related to the Kitec Lawsuit contact ACISS for a pipe inspection. 905-464-6967 or email aciss@sympatico.ca
Sutton Group Realty Systems Inc Brokerage
416-896-3333
http:/www.SuttonRealty.com
http://www.iTorontoCondos.ca

First Time Home Buyer? We Can Help!

Are You A First Time Home Buyer? We Can Help!

Call Sutton Realty Today To See If You Qualify For The First Time Home Buyer Incentive!

Sutton Group Realty Systems Inc., Brokerage
416-896-3333
www.SuttonRealty.com

Landlords: Is An Inspection Report Important On Move-In & Out Days?

“One Ontario resident learned the hard way about the importance of inspections. When she initially moved in, neither she nor her landlord formally inspected the property. When she moved out, she found herself legally and financially responsible for removing a wall that the previous tenants had constructed in the unit.”
It is critical that the condition of the rental unit be documented on moving day.
This will help:
  • Note previous damage
  • Establish a baseline to evaluate normal wear and tear
  • Decide who is responsible for paying for any potential damages that might occur in the future.
For tenants, it will also waive any liability for damages that existed prior to moving in.
Tenants and landlords should always conduct the move-in inspection together.
[call-out: Did you know? In some provinces, the security deposit is only repayable if the move-in inspection matches the one completed upon moving out.]
Located in British Columbia or the Yukon?  (not Ontario)
A Condition Inspection Report is required by law. Both the tenant and landlord should complete, sign and date the form at move-in and move-out.
Final inspections
When a tenant moves out, the Move-in Report will come in handy.  Refer to the initial inspection that was completed upon moving in, and compare it with the condition of each room on moving out.
We strongly recommend taking photos prior to move in, ever little bit helps to avoid confusion at move out.
Ask your Sutton Realty for any photos available from the time you listed the property.

Brand New Luxury Condos For Sale In The Heart of The Annex, Toronto!


This Brand New Development Includes 4,000 Square Foot Of Elegant Living Space & Minimalist Beauty!

Each Suite Offers A Private Balcony, And Inside You Will Find A State-Out-The-Art Gym & Rooftop Pool!

Don’t Miss Out On This Opportunity To Experience The Modern Luxury Of The Annex, Toronto!

For Floor Plans & Pricing – Call Sutton Realty Today
416-896-3333 or visit us online:
www.SuttonRealty.com

Does Toronto Have The Lowest Property Tax Rates In Ontario?!

New study shows Toronto has the lowest property tax rate among the 25 major cities in Ontario – Beating Markham, Milton & Richmond Hill at roughly 0.615 per cent.

To put this in perspective, a home priced at $500k in Toronto would require owners to pay $3074 in taxes but a home at the same price in Windsor would require $8,947! Although this may seem too good to be true if you are thinking of purchasing a home in Toronto, you must remember that by keeping taxes down, Toronto faces a number of serious challenges such as housing affordability, public transit, road repairs, etc… All which come with a cost.

A main reason the property tax rates are higher in other cities is because the housing prices are much lower. An average cost of a home in Toronto is around $915,481 while Windsor homes sit at around $337,923.

Another thing to think about are the separate charges the City of Toronto bills homeowners (i.e water consumption, garbage pickup) while some cities in Ontario include all of this on a property tax bill.

Exciting Civic Holiday Weekend Events!

Looking For An Exciting Event For Your Family This Long Weekend? We’ve Compiled A List Just For You!

Plan On Spending Your Weekend Home-Hunting? Our Office Is Open & We Have Agents In House Ready To Help!
Call Sutton Realty Today: 416-896-3333 / 905-896-3333
Or Visit Us Online: www.SuttonRealty.com

Millennials In Canada Want To Date Those With Similar Housing Interests

Millennials in Canada are resorting to dating apps for meeting the right match that have similar homeownership and financial goals. A recent survey from HSBC shared the results that 4 in 10 people find property and financial goals to be more important than looks when choosing potential dates.

The survey was part of a global poll which included more than 1000 Canadians. The results read that 61% of respondents feel uneasy about buying a property – So the results are more likely due to desperation in finding a partner who can share the costs of homeownership.

“Close to 70% of Canadians own their home but less than 30% do so without a mortgage. It’s good to be a little nervous about the biggest purchase you’ll likely ever make. But you shouldn’t be overwhelmed.” said Barry Golom, Senior Vice President of Retail Banking and Wealth Management Products and Propositions, HSBC Bank Canada.

The results also found that the majority of Millennials in Canada (62.8%) said financial considerations are the reason for their last move. The biggest source of stress was accepting money from parents for their purchase (14%), and the top two reasons for moving was to get more space for their money (25.5%) or a lower cost of living (23.4%).

One quarter of Canadian Millennials admit to checking the value for their property at least once per month, in comparison to the 8% of all Canadian adults (49%) who only check the value annually.

Are You A New Homeowner Looking To Invest In Property? Click On The Video Below For More Information On The First Time Home Buyer’s Program Funded By The Government Of Canada. Only 5-10% Down Payment Incentive, Interest Free-Mortgage!

Or Call Our Office Today For Any Questions!

Sutton Group Realty Systems Inc., Brokerage

416-896-3333 / 905-896-3333

www.SuttonRealty.com

The New First Time Home Buyers Government Incentives Program!

Exciting News For First Time Buyers!

New Government Program offering Qualified Buyers up to $48,000 interest-free down payment incentives with no monthly payments! Up to 1.25 billion dollars has been set aside to help lower mortgage costs for eligible Canadian first time home buyers, on a First Come First Service Basis.

Buyers will need to have a minimum down payment to be eligible, which can be from your qualified R.S.P.  Just keep in mind this is a C.M.H.C. insured mortgage program. The total down payment is to be “less” than 20% down.

You can then apply for the 5% Down Payment Incentive, giving you an extra 5% down on resale purchases or 10% on new construction.  Simplified, this is a shared equity mortgage program with the Government of Canada.

Again is all Interest-Free and includes No Monthly Payments.

You can repay the Incentive at any time without a prepayment penalty.  However, the repayment is based on the property’s fair market value.

How the First Time Home Buyers Program Works

The new program scheduled for September 2nd, So call today about this and “other” Government Incentives to ensure you have a well-planned home purchase.

Visit us online at www.SuttonRealty.com for more information.

Call Our Office Today and Speak to a Representative anytime 905-896-3333 or 416-896-3333.

You can even register for one of our upcoming Home Buying Seminars!

Fast Home Fixes For July!

Summer is the perfect time for all of those home projects and cleaning chores you’ve been putting off throughout the winter & spring!

Here is a quick list to help guide you!

Edge Garden Beds

Add Some Light To Your Garden

Refresh Mulch

Turn Off The Sprinklers

Fill In The Garden

Tackle Sidewalk Mildew

Weed Smarter

Test Garage Doors

Clean Bathroom Fans

Know Your Storm Plan

Trim Evergreen Trees

Sutton Group Realty Systems Inc., Brokerage

416-896-3333 / 905-896-3333

http://www.suttonrealty.com

http://www.iTorontoCondo.ca

Real Estate Listing Advertisement – Is It Always Accurate?

The answer is yes, any information used in an advertisement or listing should always be accurate. Realtors, brokers & brokerages have an obligation to provide truthful claims in their advertisements, otherwise, it should be excluded from the listing. Buyer reps should also take the time in confirming the accuracy of said listing advertisements and to fix any mistakes if they are to be found.

RECO uses a strong Code Of Ethics that prohibits brokerages and employees from running false advertisements. If you believe that a listing was untruthful, you can submit a complaint to RECO. Just be aware that most statements used in advertising are meant to be an exaggeration (i.e “this condo has the best amenities in the universe!”). False statements can range from the square footage being estimated, incorrect property tax numbers, claiming a linked townhome is “detached” or any type of misrepresentation of specific features that a buyer would find important.

All in all, whether you’re buying or selling a home, it’s the best idea to work with a registered real estate agent. Salespeople and brokers know the ins and outs of what is acceptable in the real estate industry, and they exercise their job with due diligence.

Have Questions About Buying Or Selling A Home? Give Sutton A Call Today.

We Have Fabulous Agents Waiting To Help Answer Every Question & Give You Peace Of Mind! 

Sutton Group Realty Systems

416-896-3333 / 905-896-3333

www.SuttonRealty.com