Real Estate Information Archive


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Bindertwine Festival Rocks Kleinburg!

by Claire Franceschetti

Kleinburg’s Bindertwine Festival is my favourite community event.  As a proud resident of Kleinburg, I may be slightly biased, but I believe it’s one of the best community run festivals in all of Canada. Without a doubt, it’s a great day of fun for all the family and this year’s festivities were no exception!

Back in the late 1800′s, Kleinburg was a primary producer of twine, and farmers came to the village to buy their supplies in order to bind their wheat harvests. Charlie Shaw, owner of Shaw’s Hardware Store in Kleinburg, was a generous and good natured merchant. He offered food and entertainment to the visiting farmers and an annual celebration began. The farmer’s festivities became a large draw amongst the local area and it continued until he passed away in 1931. (The old Shaw’s Hardware Store is still standing in the village today, and coincidentally is up for sale at the moment.)

In 1967 as a centennial project, the Binder Twine festival was reborn. It was such a hit that it soon became an annual event. Today, there is a wide variety of activities: juried craft exhibitors, assorted vendors, children’s games and craft making, a children’s parade, live music featuring local bands, and delicious treats to eat. (Personally, I enjoy the bacon on a bun booth the most, and not because I love back bacon. I love the bacon on a bun booth because every year, my neighbours volunteer to man the booth, and I love to see them dressed up like short order cooks, flipping bacon and cracking eggs. They have a great time, and it’s a great community effort.)

Every year, Kleinburg pulls together as a community and makes this great event happen seamlessly. The Festival is organized and run entirely by volunteers: close to 1000 locals chip in and do their part. Its success has resulted in benefits to the community, such as Binder Twine Park (with fabulous fireworks on July 1), financial support for local schools and clubs, Kleinburg New Forest, many more efforts! But by far, the greatest result of the Bindertwine Festival is that it unites a small community, and celebrates the history of a beautiful Canadian village.

Mark it on your calendar for next year: this annual highlight happens the first Saturday after Labour Day in September, right in the heart of the historic village. If you’d like more information, visit:

Toronto Numbers Are In...

by Claire Franceschetti


I just reviewed the stats from the Toronto Real Estate Board. TREB reported that in August, there were 7,542 sales for the month. August 2010 there were 6,083 sales so we have experienced an approx 20% INCREASE in the number of sales compared to last year.

At the end of August there were only 17,248 homes for sale on the Toronto Real Estate Board, compared to 18,823 at the end of August 2010. That represents about an 8% drop! To put these numbers in“English”, we’re not getting enough new listings coming on to keep up with the number of sales that are happening. We are still in a very active market.

So the question remains ....what will happen to the market? My prediction remains the same. The market will continue to be very strong until at least the end of the year and well into 2012. There should still be price increases but a slower rates than we’ve experienced over the past 2 years. Inventory levels will likely increase slightly, however in most areas and price ranges, conditions will stay favouring Sellers.

Despite some troubling financial news we are hearing about what’s happening in the U.S. and Europe, in Canada and our area in particular, all indicators seem to point us out to be in pretty good shape. I’ll keep my ear to the ground and keep you posted if I hear anything change!

Whether selling OR buying, the key to taking advantage of current market conditions is working with the right realtor. When you hear of anyone who may want to buy or sell, please contact me at the office. I promise you that I will take care of them, do a great job and provide them with the best customer service. If you would like any more information, I’m here to help.

What Part of the Part-Time Agent is Going to Bite You???

by Claire Franceschetti

Part Time Sellers? Part Time Buyers?

Are you a part time seller or a part time buyer? Of course not. When you're looking to sell or find a new home, there is no half way about it. So why do people hire Part Time Agents?

(You know them, they are all around us. They are your mechanic, yoga instructor, waitress, or worse your cousin who passed his exams last spring because he didn't know what else to do after college!!!)

With more than 31,000 registrants on the Toronto Real Estate Board, the vast majority of agents don't even write one deal a year. Most of these people are "secret agents", but they are a liability when
they swing into action. 

Let me share a story that will demonstrate the possible liability of using a part time agent.

Recently I sold a property just north of Toronto. When I received the offer, I was surprised to see that the buyer had excluded all the stainless steel appliances, window coverings, and light fixtures. 
Although not common, occasionally buyers want to purchase their own items, and don't want any "used" chattels at all.

In this case, this exclusion totaled about $10,000 worth of of washers, dryers, fridges, stoves, dishwashers and light fixtures for the entire home. I suspected that the agent had made a
mistake and excluded all these items in error. Perhaps the agent had intended to include them in the offer?

Acting as the agent for the seller, I explained the offer as it was submitted, and explained that my client was in a position to keep all the appliances for her next home. This was ideal since she was building a new house, and would need to purchase new appliances when the project was completed. We discussed the possibility that this was an error on the part of the buyer's agent, and that it was likely a major oversight.

My client (such a lovely lady!) decided that rather than accepting the offer as written, she directed me to verify whether the buyers really wanted to exclude all the appliances etc.

Sure enough, the agent had excluded all chattels in error and her clients wanted every inclusion. She suddenly realized that the seller was in a position to accept the offer and keep close to $10,000 in appliances. I am certain that the agent would have been held liable for this mistake, and would have to pay for all the missing items.

Now, a $10,000 error can be corrected with some effort, but there many liabilities involved in Real Estate transactions. I have to ask people who are using part-time agents: What part of professional service is not important? There are liabilities that can cost lots of money, aggravation and invaluable time.

For a list of important questions to ask an agent and make sure they are not a Part-Timer before hiring them, check out my blog on Interview Questions!

Displaying blog entries 1-3 of 3

Contact Information

Photo of Claire Franceschetti Real Estate
Claire Franceschetti
Right At Home Realty Inc.
190 Marycroft Ave.
Vaughan ON L4L5Y2
Direct: 416-918-6325
Office: 416-391-3232
Fax: Fax: 416-987-8001