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November 2015

Found 3 blog entries for November 2015.

It’s likely one of the biggest moves you’ll make in life.

Literally.

But buying your first home isn’t all fun and games, and you shouldn’t want it to be. When you’re throwing around words like ‘down payment’ and ‘bidding war,’ it’s no surprise that you should be taking buying a house seriously.

According to a survey by the Real Estate Council of Ontario (RECO), 70 per cent of young people (ages 18-34) are anxious about not being properly informed about the buying or selling process. That’s why we teamed up with RECO to make sure you’re in the perfect place before you buy.

Here are 14 things you should know before you buy a house in Ontario.

Real Estate Contracts Are Not Standardized
Just as every home is unique, so are the contracts to buy

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Residential house sales were up for the month of October according to the Windsor-Essex County Association of Realtors.

In October 2015, 696 homes were sold, compared with 676 last Octoberr.

For the first ten months of this year 5,344 homes have changed hands compare to 4,543 in 2014.

In Windsor, it was in Central/Downtown Windsor where most homes changed hands with 102 sold, followed by east Windsor with 97, and South Windsor wraps up the top three with 71 houses sold.

In the county, Lakeshore was the most popular area with 56 houses sold, LaSalle had 52 and Amherstburg had 38.

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Electricity prices in Ontario rose over the weekend, pushing the average household hydro bill up by 3.4 per cent.

Here's a look at the new rates:

- The price for off-peak hours rose 0.3 cents to 8.3 cents/kWh.

- The price for mid-peak hours rose 0.6 cents to 12.8 cents/kWh.

- The price for on-peak hours rose 1.4 cents to 17.5 cents/kWh.

The Ontario Energy Board said there are several factors behind the price hike, including increased costs related to Ontario Power Generation's nuclear and hydro-electric power plants, as well as costs from renewable sources like wind and solar.

There are some things you can do to keep your bill down, though. Toronto Hydro's Tori Gass has these tips to keep your bill as low as possible.

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