The RAPP Report

Anita "Rapps" It Up

CLICK ON SARATOGA 150 FESTIVAL ABOVE. Only six and a half hours from Toronto and the perfect getaway destination for a weekend in July or August. This year Saratoga Race Track is celebrating it's 150th anniversary and the historical society has done an amazing job on the schedule of events and the website is great. Don't miss the CHARLES WAIT video !!!

Click on the link and then on the 150th SARATOGA logo and you can review decade by decade of American racing society. Not only can you go racing almost every day but you also have one of the top Performing Arts Centres in North America right there with amazing outdoor concerts nightly. Get full calendar at

50 Things To Do This Summer In Toronto

Looking for something to do this Summer …

The Latest Market Watch

Low-Rise Market Conditions Remain Tight in June

TORONTO, July 4, 2013 – Greater Toronto Area REALTORS® reported 9,061 sales through the TorontoMLS system in June 2013 - down by less than one per cent compared to June 2012. Over the same period, new listings were down by a greater rate than sales, suggesting market conditions became tighter.

The sales picture in the GTA improved markedly in the second quarter of 2013. While the number of transactions was still down compared to 2012, rates of decline were substantially improved compared to the first quarter," said Toronto Real Estate Board President Dianne Usher.

Full Market Watch Report click below:


The Stock Market: New to the stock market? Forget about performance and focus on learning. Read this informative article.

The Royal Baby: According to one Ladbrokes bookmakers, a large amount of bets have been placed on the name James - the name of Catherine's younger brother.

The Big Merge: Canada's downtown condominium boom has made Loblaws rethink their marketing strategy and they are "all in" with a Shoppers Drug Mart merger.

When Purchasing a Rental Property

Whether you are buying a commercial or residential property, speak to your mortgage broker to find out how much you will need as a down payment. Be sure to find out how much the property yields each month and what your expenses are going to be monthly.

Have your Agreement of Purchase and Sale reviewed by a lawyer.

Keep a reserve fund for repairs. Some repairs are cheap but when you need a new roof or have a flood, you better make sure you will have the money to get these jobs done quickly, especially if you are on a budget and cannot afford an empty unit. Make sure you can afford to carry an empty unit when tenants leave.

When you consider a new tenant, have them fill out an information questionnaire. Do your due diligence by calling references. Get written permission to do a credit check. Follow through with credit checks. Get first and last months rent.

Commercial Property Purchases

Have your Agreement of Purchase and Sale reviewed by a lawyer. Remember to include conditions when appropriate that speak to Estoppel Certificates; current tenant lease agreements; environmental assessments; finance conditions, and inspection. This is not an exhaustive list.

Commercial Leases when acting as a Landlord

Have a comprehensive lease. Most common issues in a commercial lease are whether it is a net lease; how and when you can terminate the lease; making sure insurance policies are in place; when rent is due; what is base rent; what is over and above base rent and who is to pay.

These points are items to consider when purchasing a rental property. This is not intended as an exhaustive list. When considering the purchase of a rental property consult a lawyer.

Lisa S. Laredo B.A., LL.B.,
Barrister & Solicitor
250 Davisville Ave., Suite 108, Toronto, Ontario M4S 1H2
Telephone: 416 727 2704 • Facsimile: 416 482 8689•

A Coat of Paint

Paint is one of the least expensive yet highest-impact updates you can make to your home before you list. Focus on first impressions and high-traffic areas, like your foyer and main hallway, kitchen and family rooms. That is, unless you have a "sore-thumb" area to correct, like a sponge-painted bathroom or a meridian blue, hockey-themed bedroom. If you're not sure whether you've got a "sore-thumb" ask your realtor.

Buyers Don't Want to Paint

Contrary to the belief of many sellers, buyers do not want to paint their own colours when they move in. The average Canadian home buyer is looking for a house in move-in condition. They'd like the option of just plunking down their furniture on closing day. Painting has become easier with built-in primers and excellent quality paints at affordable rates. A simple coat of paint will have your potential buyers saying, "Best of all, we wouldn't have to paint!"

Anita "Rapps it up" again.

A & A saw a most beautiful house in Vaughan and fell in love with it. Call Anita they said. After some long and hard negotiations they bought it. Now they had to sell their house. Anita listed it and SOLD it in ONE DAY over asking. This note was with the flowers and chocolates: "We want to thank you for your help and support in buying and selling the houses. We really appreciated all your advice and you made the entire process easy and fun. You are wonderful!!!" A & A.

A Popcorn Tip

For the popcorn lovers!!! COOL!!

Microwave popcorn, no bags, no butter, no oil!!!!
It’s genius really. Simple, simple genius.
Glass bowl + ceramic plate + popcorn kernels = perfectly popped popcorn in the microwave.
No bag. No butter or oil. Nothing to throw away afterward. And even no un-popped kernels.
This is life-changing.

Stay with me now.

Take 1/4 cup of dry popcorn kernels and place in the bottom of a microwave-safe glass bowl (pyrex is a great choice). Place a microwave-safe plate on top of the bowl. Plate should be wide enough to go beyond the rim of the bowl.

Microwave for 2 minutes 45 seconds. Watch in glory as your popcorn pops perfectly into little puffs of heaven.

Bowl will be very hot, be careful in removing from oven and taking off lid. If some kernels are not popped, just take out the popped ones and put the bowl back in microwave.

Contact Information

Please share the Rapp Report

AS ALWAYS, thank you for your past and future business. Referrals are always greatly appreciated. Please share The RAPP Report with family and friends or anyone you think may be interested.