Category: Tips And Tricks

The hazards of buying without a property survey

With cottage buying season underway, now is a good time to recall that a property survey is the single most important document in the whole process. If the cottage building is sitting on land owned by the Crown or a local municipality or a neighbour, the otherwise proud owner is going to be extremely unhappy and…

Open houses: The pros and cons

Hosting an open house when selling a home is a tried-and-true real estate technique. But it can be a real hassle for the homeowner. An open house will undoubtedly get people in the door, but is it really necessary if you’re trying to sell a home? If you are honest with your client, you will…

10 overlooked tips for getting a property sold

By Christine Rae Buyers have choices. They make decisions about a property within a blink of an eye. Here are ten overlooked tips for getting a property sold. Don’t get personal Whether working with a professional stager or going it alone, cut all emotional ties. Visit each room, remember the memories and then pack the…

Know Your Home & What’s In It

What Is A GFCI (Ground Fault Circuit Interrupter)?

How Do I Reset A Ground Fault Circuit Interrupter (GFCI)?

 

 

what is a gfci home safety where is the reset button on a gfci

GFCI

 

GFCI stands for Ground Fault Circuit Interrupter or RCD

which is a Residual Current Device. 

These devices are used to shut off an electrical current or power when the electrical current is flowing along an unintended path.

For example a GFCI or RCD will shut off if a power current is flowing through water.

After the power is interrupted it can be reset manually to allow the flow of power again naturally.

See above an example of a GFCI power receptacle.

 

How to tell fact from fiction: Real Estate Council of Ontario survey finds many home buyers and sellers have more to learn about the real estate process

TORONTO, Nov. 5, 2014 /CNW/ – A new survey by the Real Estate Council of Ontario (RECO) reveals 41 per cent ofOntario homeowners and 45 per cent of first-time homebuyers wish they had done something differently when buying or selling their home. Among things buyers/sellers reported wishing they had approached differently when purchasing or selling their home was having a…

Be Aware Of Extra Costs When Moving

Given the fact that tens of thousands of homes change hands throughout the Greater Toronto Area each year, it’s easy to forget that buying a home is a complex process to which the phrase “the devil’s in the details” aptly applies. It is one of the many reasons why each year close to 200,000 homebuyers…

Radon is a silent killer

There are many things about a home’s condition that even a first-time home buyer naturally considers before the deed is signed. Water damage. Structural integrity. Faulty wiring. Cracks, stains and warping of surfaces. Faced with an already lengthy list of obvious and visible architectural flaws to look for, it’s not surprising that something like air…

Need Toronto Zoning Information? Watch This Video!

The City of Toronto enacted a new zoning by-law in May 2013. The City has several useful tools on their website to help you search for and understand zoning information including an interactive map.

To help you understand how to work with the City’s zoning map, we’ve created a brief tutorial video that highlights the site’s key features. If you want to view it in the future, this video is housed within the Learning Centre of TorontoMLS/New Stratus.

To watch the video now, click the image below

Alternatives to masonry fireplaces

Nothing beats the ambience of a wood burning fireplace – cozy heat, beauty, and that familiar, inviting crackle. However, traditional wood burning fireplaces require specialized masonry construction, a fair amount of space, and often additional structural support due to the heavy weight of materials used. For new construction or remodels, homeowners can consider the alternative…

Mould

By Matthew Brewer The weather is a constant source of conversation in Canada and a bone of contention.  Every spring we see flooding occur across the country.  The Prairies encounter flooding frequently during the spring and every fall, Eastern Canada gets hammered with tropical storms and hurricanes.  After all of these events we have to…

Ontario Healthy Homes Renovation Tax Credit

Summary The Healthy Homes Renovation Tax Credit is a permanent personal income tax refund for seniors and the family members who live with them. Those who qualify can claim up to $10,000 worth of home modifications on their tax returns and receive back 15 per cent of eligible expenses. A household that spends $10,000 on…

Canadian homebuyers more experienced, financially prudent moving forward.

Tighter mortgage lending rules, in conjunction with the fallout of the US housing meltdown and the European debt crisis, have triggered a shift in the Canadian homebuyer mix and mindset.  The new Canadian real estate consumer is experienced, fiscally-responsible, and ready to move forward over the next 24 months. That’s the takeaway from the RE/MAX…

Rent-To-Own Pros and Cons

Here’s how it works: A landlord rents the home or condominium under a basic home lease. For an extra payment, the tenant receives an option to buy the home at a later date, for a set price. Let’s say the home is worth $250,000. The parties agree the tenant will have the right, but not…

Chattels and rentals – Know what’s included in a sale

You love the house inside and out. It has great finishes, roomy spaces and lovely lighting. But don’t assume that what you see is what you get. Buyers are often caught off guard when they find out that the furnace, heating ducts, water heater, alarm system or other things they thought were “part of the…

Condominium Assignments FAQ

General Questions 1. What is an assignment? An assignment is essentially a sale of a contract or right to acquire property. An assignment is a transaction whereby the original purchaser (the “Assignor”) of a property sells, and thereby transfers, their interest and obligations under the original contract to a new purchaser (the “Assignee”). The Assignee…