Jar of coins labelled house fund
Ask David

What makes house prices jump by $100,000?

DEAR DAVID: I keep a close eye on house prices in my neighbourhood and have recently noticed a trend I am curious about. One home was listed at $650,000. Three weeks later, the price jumped to $750,000. My next-door neighbour listed at $699,900 and raised the price to $799,000 after two weeks (without making any

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Ask David

Personal letter, Realtor “estimates”

Dear David, We are first-time buyers who dream of owning a home, but the market is really competitive. When we submit an offer, should we include a letter introducing ourselves? I feel like if we could tell the seller who we are and how much their home means to us, it might really help our

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Ask David

Assessed value vs. price, Seller’s old appliances

Dear David, I was at an open house listed at $500,000. In the listing, I noticed that the taxes on the property were based on a value of $335,000. In my opinion, this house is a gut job. How can the agent believe someone will pay that price, then still spend a fortune on renovations?  

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Ask David

Hot water heater, Overpriced listing

Dear David, I need to replace my water heater. Do you think I should buy or rent? – IN HOT WATER DEAR HOT WATER: Our region has notoriously hard water, which is why about 95 percent of the hot water heaters I see are rentals. The options available for renting will depend on your area.

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Designated Parking, Discounted List Price, Financing Clause

Dear David, We own a business in Kitchener and someone keeps parking in our designated parking spots. Is there anything we can do? – FRUSTRATED DEAR FRUSTRATED: Parking violations on private property are generally handled by your city’s bylaw enforcement team. In the City of Kitchener, if a driver parks in a spot designated for

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