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…

GTA HOUSING MARKET MONTHLY RESALE FIGURES

TORONTO, June 3, 2016 – Toronto Real Estate Board President Mark McLean announced that there were 12,870 home sales reported through TREB’s MLS® System in May 2016. This result represented a new record for the month of May and a 10.6 per cent increase over the same period last year. In contrast, the number of…

Toronto remains red-hot

In a statement on Thursday (March 3), the Toronto Real Estate Board (TREB) said that transaction volume in what is considered Canada’s largest housing market went up by 21.1 per cent in February compared to last year. This figure represented 7,621 dealings in that month alone, prompting realtors to conclude that a recent hike on…

Foreign investors driving up housing prices

The substantial amount of foreign capital flowing into the U.S. real estate market has proven to be a windfall for enterprising sellers, but this has also lead to a steady rise in prices that have made homes unreachable for many middle-class American households, analysts said. In addition, observers said that investments made by foreign nationals—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.

 

Record Sales in April 2015

— Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 11,303 sales in April 2015. This was the highest sales result on record for the month of April and represented a 17 per cent increase in comparison to April 2014. While sales increased strongly on a year-over-year basis, new listings…

Comments on Bank Of Canada Rate Hold

– Bank of Canada last met in January 2015 and reduced the Prime Rate from 3.00% to 2.85% – Bank of Canada met again this morning to discuss further changes to rates and decided to leave interest rates unchanged – there is the possibility of another rate cut in the coming months, maybe as soon…

Strong Start to 2015

— Toronto Real Estate Board President Paul Etherington announced a strong start to 2015, with robust year-over-year sales and average price growth in January. Greater Toronto Area REALTORS® reported 4,355 home sales through the TorontoMLS system during the first month of the year. This result represented a 6.1 per cent increase over January 2014. During…