Jay Banerjei, MBA
Sales Representative
RE/MAX Rouge River Realty Ltd., Brokerage
6758 Kingston Road,
Toronto ON M1B 1G8
Office: (416) 286-3993 • Fax: (416) 286-3348
Website: http://www.torontorealestatebestagent.ca
Email: jay@jaybanerjei.com
Expansion of the TTC and Metrolinx in the city will cause a considerable appreciation in the Real Estate values claims Mr. Jay Banerjei a local Toronto Real Estate Agent with Re/Max
Expansion of the TTC and Metrolinx in the city will cause a considerable appreciation in the Real Estate values claims Mr. Jay Banerjei a local Toronto Real Estate Agent with Re/Max
06 January 2011
Metrolinx and the TTC are expected to present the mayor with a hybrid plan of underground light rail and subway by the end of the month. It probably will include light rail running beneath Eglinton and an extension of the Sheppard subway to the Scarborough Town Centre. A busway along Finch could replace plans for an LRT there.
It is expected to cost the Tax payers about $344 million per kilometre and attract about 65 million rides annually. Metrolinx had agreed to spend $8.15 billion on the first 50 kilometres of the Transit City light-rail plan.
Once the Sheppard Subway is extended to Scarborough Town Center and other changes implemented to Public Transit, it will make commuting real easy for thousands of daily commuters and certainly ease the 401 congestion every morning. We will also see a considerable appreciation in the Real Estate values as a result of it.
Written by:Jay Banerjei, MBA
Sales Representative
RE/MAX Rouge River Realty Ltd., Brokerage
6758 Kingston Road,
Toronto ON M1B 1G8
Office: (416) 286-3993 • Fax: (416) 286-3348
Website: http://www.torontorealestatebestagent.ca
Email: jay@jaybanerjei.com
Mr. Jay Banerjei a Toronto Real Estate Agent with Re/Max Congratulates Dr. Alok Mukherjee for being re-elected as Police Board Chair in Toronto.
Mukherjee was first appointed by city council in 2004 and was elected chair in 2007. He was granted a new three-year term by the province this year.
Dr. Alok Mukherjee was re-elected as the chair of Toronto Police Services Board soon after he opened the board meeting Wednesday, Jan. 5 at police headquarters.
The Indian-born immigrant and a provincial appointee, Mukherjee was first appointed by city council in 2004 and was elected chair in 2007. He was granted a new three-year term by the province this year.
Mr. Jay Banerjei said, “Dr Mukherjee makes us all proud. He is a great role model not just for people of Indian origin but also for all new immigrants who come to Canada to make a new life for themselves.”
A former head of the Ontario Human Rights Commission, Mukherjee, 65, was an instructor in South Asian studies at York University and an advisor to former mayor David Miller.
He moved to Canada from India in 1971. A provincial appointee, Mukherjee has a background in race relations and human rights.
Written by:Jay Banerjei, MBA
Sales Representative
RE/MAX Rouge River Realty Ltd., Brokerage
6758 Kingston Road,
Toronto ON M1B 1G8
Office: (416) 286-3993 • Fax: (416) 286-3348
Website: http://www.torontorealestatebestagent.ca
Email: jay@jaybanerjei.com
Tips on $aving $$$ when you Buy a Home in Toronto by Jay Banerjei a Toronto Real Estate Agent with Re/Max.
- The HST does not apply to resale homes
- An Enhanced New Housing Rebate means that buyers of new homes receive a rebate of up to $24,000 regardless of the price of the new home
- Buyers of homes priced up to $400,000 (about three-quarters of new homes built in Ontario) on average, pay no more – and possibly even less – tax than under the PST system
- 93 per cent of all homes sold in Ontario, on average, are not subject to an additional tax amount under the HST
- Since December 14, 2007, the Ontario government has extended a land transfer tax refund of up to $2,000 to first time buyers of resale homes
- On new homes over $400,000, additional tax only applies to the portion of the price above $400,000. For example, if a new house was priced at $450,000, additional tax would only be applicable on $50,000
For more such helpful TIPs on how you can $ave $$$$ Sign up for our FREE Newsletter.
Jay Banerjei, MBA
Sales Representative
RE/MAX Rouge River Realty Ltd., Brokerage
6758 Kingston Road,
Toronto ON M1B 1G8
Office: (416) 286-3993 • Fax: (416) 286-3348
Website: http://www.torontorealestatebestagent.ca
Email: jay@jaybanerjei.com
Toronto East Real Estate Agent with Re/Max, Jay Banerjei offers Sold Prices of Homes.
Written by:
Jay Banerjei, MBA
Sales Representative
RE/MAX Rouge River Realty Ltd., Brokerage
6758 Kingston Road,
Toronto ON M1B 1G8
Office: (416) 286-3993 • Fax: (416) 286-3348
Website: http://www.torontorealestatebestagent.ca
Email: jay@jaybanerjei.com
Another Eco Friendly Tip from your local Toronto East Real Estate Agent with Re/max
Tips on How to Create a Tree-Free Home:
- Replace paper napkins with cloth napkins
- Replace paper towels with a special set of cloth towels/napkins (or cut up old t-shirts for great towels) – store the used ones in a small container in your kitchen and just wash and reuse
- Purchase bleach-free, toilet paper that is made from the highest post-consumer waste content you can find (80% minimum)
- If you print documents, print on once-used paper and/or bleach-free, recycled paper with the highest post-consumer waste content available (or hemp/alternative-source paper, if you can afford it)
- Reuse envelopes, wrapping paper, the front of gift cards (as postcards) and other paper materials you receive wherever possible
- Read books, magazines, and newspapers from your local library
- Create and use note pads from once-used paper
- Leave messages for family members/roommates on a reusable message board
- Make your own cards/letters from once-used products or handmade paper
To get more such Eco Friendly tips, Sign up for our FREE Newsletter.
Written by:Jay Banerjei, MBA
Sales Representative
RE/MAX Rouge River Realty Ltd., Brokerage
6758 Kingston Road,
Toronto ON M1B 1G8
Office: (416) 286-3993 • Fax: (416) 286-3348
Website: http://www.torontorealestatebestagent.ca
Email: jay@jaybanerjei.com
GOPIO Continues to be at the Forefront of NRI fight to own Real Estate in India, Tells Mr. Jay Banerjei from Toronto Canada.
Owning property peacefully continues to be one of the biggest problems faced by most NRIs in India. The tenants refuse to pay, vacant properties are illegally occupied.
Since most of us live abroad and are able to visit for short periods of time, we are seen as an easy target by the dishonest people who take full advantage of current judicial system and the time constraints that we have. As a result many of us have had to suffer many losses. The property values are sky-rocketing in India. In some places rising as high as 40%, it is easy to understand why unscrupulous people may want to exploit the NRIs.
Recently GOPIO has been contacted by the National Convention on Judicial Reforms with the following disturbing statistics:
The Indian courts are bursting at the seam with over Thirty million dockets clogging the system. It takes almost a lifetime for a case to be disposed of. Few instances…….
- 30 yrs on, widow wins land battle. – Times of India dated 19-2-2008
- SC settles pre-1947 dispute after 62 years. – Times of India dated 27-10-2008
- Rs. 20K dispute is settled after 33 yrs. – Times of India dated 27-10-2008
- 300 years to clear court backlog CJI, Orissa. – Times of India dated 17-11-2008
- 20 years later, man faces jail for raping a minor. – Mumbai Mirror dated 7-6-2009
- 42-yr fight for flat comes to naught. – DNA dated 21-9-2009
Mr. Jay Banerjei, Founder of GOPIO Canada said, “GOPIO, the largest organization of people of Indian Origin has always been at the fore-front of this battle. We extol the Ministry of Overseas Indian Affairs for taking bold and significant steps in addressing this problem. A lot has been accomplished and a lot more remains to be done. We at GOPIO remain committed to strengthening our ties with MOIA so that the problems of NRIs continue to be addressed”
GOPIO (Global Organization of People of Indian Origin) will be tabling many of the Resolutions to the Prime Minister of India, Dr Man Mohan Singh Ji’s office at the upcoming PBD at New Delhi in January.
We would love to hear from you with your thoughts and concerns regarding this matter.
Jay Banerjei
647-273-1119
Written by:
Jay Banerjei, MBA
Sales Representative
RE/MAX Rouge River Realty Ltd., Brokerage
6758 Kingston Road,
Toronto ON M1B 1G8
Office: (416) 286-3993 • Fax: (416) 286-3348
Website: http://www.torontorealestatebestagent.ca
Email: jay@jaybanerjei.com
Ways to Recycle Christmas Tree, tips from your local Eco Friendly Toronto East Real Estate Agent with Re/max, Jay Banerjei.
Christmas is over. All the leftover turkey is gone by now too. Now the big question is what to do with the Christmas Tree. Here are some of the suggestions from your Eco –Friendly Real Estate Agent, Jay Banerjei with Re/Max
Find Your Local Recycling Center:
Many cities now have recycling services that will pick up your Christmas tree or provide drop-off locations. The tree may be used by local organizations for the other ways. You can find a location near you by checking Earth911′s database.
Make Your Own Mulch :
If you have access to a wood chipper, you can make your own garden mulch. Use a saw to cut the Christmas tree into smaller pieces to fit into the chipper. The wood chips can be used around your plants, in your compost bin, and for garden paths.
Provide a Bird Habitat :
If you have the room in your backyard, Christmas trees make excellent bird habitats. Remove all of the decorations. Make sure there is no tinsel or flocking. You will need to secure the tree by using the stand or stakes and twine.
Provide the birds with food:
By making pine cone bird feeders, using suet holders, and hanging strings of popcorn or fresh fruit.
Create a Fish Habitat
If you have a pond, you can place cut-up pieces of your Christmas tree on the bottom to create places for fish to hide. Remove all decorations. It is especially important that the tree is free of tinsel, and has not been flocked or treated in any other way.
Decorate Your House with Wreaths and Garlands:
Cut off the branches and use them to make winter wreaths or garlands to decorate your house throughout the season. You can add scented pine cones to complement the wonderful smell of fresh trees.
For more Eco Friendly Tips, Sign up for my FREE new letter
Written by:Jay Banerjei, MBA
Sales Representative
RE/MAX Rouge River Realty Ltd., Brokerage
6758 Kingston Road,
Toronto ON M1B 1G8
Office: (416) 286-3993 • Fax: (416) 286-3348
Website: http://www.torontorealestatebestagent.ca
Email: jay@jaybanerjei.com
Real Estate Sales Strong tells Jay Banerjei a Toronto Real Estate Agent with Re/Max
Market Watch
Sales Strong in November
December 3, 2010 — Greater Toronto REALTORS reported 6,510 existing home sales in November – down 13 per cent from 7,446 sales in November 2009. New listings were also down 13 per cent annually to 8,642.
On a month-over-month basis, the seasonally adjusted annual rate of sales increased for the fourth straight month to 88,100. This rate was substantially higher than the July low of 67,900.
“The GTA resale market has tightened since the summer. Healthy market conditions continued to support growth in the average selling price,” said Toronto Real Estate Board President Bill Johnston.
“Sales through the first 11 months of the year were down only marginally compared to the same period in 2009. We remain on track for one of the best years on record under the current TREB market area,” continued Johnston.
The average selling price for November transactions was $438,030 – up five per cent compared to November 2009.
“The average selling price in the GTA is affordable. A household earning the average income can comfortably cover the mortgage payments on an average priced home. Expect the average selling price to grow at a moderate pace over the next year,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.
Median Price
In November, the median price was $366,000, from the $353,800 recorded during November of 2009.
Jay Banerjei, MBA
Sales Representative
RE/MAX Rouge River Realty Ltd., Brokerage
6758 Kingston Road,
Toronto ON M1B 1G8
Office: (416) 286-3993 • Fax: (416) 286-3348
Website: http://www.torontorealestatebestagent.ca
Email: jay@jaybanerjei.com
Jay Banerjei a Toronto Real Estate Agent with Re/Max informs about Financial Asisstance available to Home Owners.
Canada Mortgage and Housing Corporation (CMHC) offers financial assistance to low-income homeowners for mandatory home repairs that will preserve the quality of affordable housing. The program helps people who live in substandard dwellings and cannot afford to pay for necessary repairs to their home.
Who Can Apply?
Homeowners may qualify for assistance if your property is eligible and if your total household income is at or below the Income Threshold set by CMHC.
Eligible Properties
Your property may be eligible for Homeowner RRAP if your home is:
- valued below a certain amount;
- at least five years old; and
- substandard and needs major repairs in one of the following areas: heating, structural, electrical, plumbing and fire safety.
Your home may also qualify if work is needed to help reduce overcrowding.
Eligible Repairs
In general, mandatory repairs related to heating, structural, electrical, plumbing and fire safety are eligible for funding under Homeowner RRAP. The quality of the repairs should ensure the useful life of your home for at least 15 years.
All work required to bring your home up to minimum standards of health and safety must be completed in order to receive RRAP assistance.
If the cost of mandatory repairs is more than the maximum forgivable loan available, you, as the owner, will be required to cover the additional cost.
Any repairs carried out before the Homeowner RRAP loan is approved in writing are not eligible.
Financial Assistance
Assistance is in the form of a fully forgivable loan. The loan does not have to be repaid if you agree to continue to own and live in this house during the earning period, which could be up to five years (the loan forgiveness period). The amount you could receive is based on the cost of mandatory repairs and the area in which you live. The maximum amount you could receive varies according to the three geographic zones:
| Maximum Loan/Unit | |
| Zone 1: Southern areas of Canada | $16,000 |
| Zone 2: Northern areas | $19,000 |
| Zone 3: Far northern areas | $24,000 |
| Additional assistance may be available in areas defined as remote. | |
Go to the Renovation Programs Pre-Application Tool for more information specific to your geographic area.
Other Assistance Available
If your home needs modifications to make it accessible for a person with a disability, you may be eligible for assistance under RRAP for Persons with Disabilities. Other programs are also available for seniors, rental properties, and for the creation of secondary and garden suites.
Contact Us
Written by:Jay Banerjei, MBA
Sales Representative
RE/MAX Rouge River Realty Ltd., Brokerage
6758 Kingston Road,
Toronto ON M1B 1G8
Office: (416) 286-3993 • Fax: (416) 286-3348
Website: http://www.torontorealestatebestagent.ca
Email: jay@jaybanerjei.com
