Perhaps at no point since the term FOMO popped up in modern parlance sometime in the last decade or two has the "fear of missing out" been more real. Sitting at home for nearly a full year will do that to you.
Despite the pandemic's second wave, hopeful buyers were in full force last month, driving up home resales to yet another record-high level in Canada.
HOUSE OF THE WEEK: $3.6 MILLION FOR A HERITAGE HOME WITH A ROOFTOP HOT TUB
Address: 333 Wellesley Street East
Previously sold for: $1,357,500, in 2015, prior to renovation
Totally gutted & renovated, with exterior enhancements in 2020
Last year, the place won a restoration prize from the Cabbagetown Preservation Association for “enhancing the architectural integrity” of the neighbourhood’s streetscape.
THE ALLUR OF BURLINGTON
A work-from-home lifestyle and collective craving for more living space – complete with a sizeable backyard – has indeed ignited an unmatched interest in the well-rounded Southern Ontario city of Burlington.
With its abundance of nature pristine lake views and bustling culinary scene Burlington shines in the work-life balance department. The city boasts the nature-packed Niagara Escarpment and Bruce Trail in its backyard.
THE DRAKE HOTEL
Has undergone a number of big changes over the course of the pandemic. The Drake has added 32 new rooms to its floorplan that are expected to open in 2021.
A rundown 800-square-foot apartment formerly used by touring musicians has also been turned into a new colour-blocked space called the Arist Loft. The two-storey space, which fits eight people, will be used as part of the hotel's artist-in-resident program. Musicians like Toronto rapper k-os and Witch Mountain member Nathan Carson have already spent time here as part of the program.
In 2018, the city of Toronto started allowing property owners to turn laneway structures (garages) into livable suites. David Shedd considered building a guest house, work at home retreat or a potential rental unit, so he submitted an application to the building department.David finished the build in mid-August. To be honest, it’s nicer than my main house—it feels like a luxury condo. All said, it cost about $550,000.⠀
ALL IN THE FAMILY
This extended family split the lot that their 1940s bungalow was on, tore the old house down and built two modern houses side by side. It’s pandemic perfect!⠀
Jordan's parents, Connie & Ken Chong immigrated from Hong Kong in 1977, worked hard and saved up enough money to buy an old war time bungalow (built in 1949) in the Avenue Road and Wilson area in 1985 where they raised their children.⠀
Jordan had the idea to sever the lot on his childhood home, tear down his parent’s bungalow, where they still lived, build two separate houses - live in one house with his wife and kids while his my parents lived in the other right next door.⠀
DARK AND MOODY KITCHENS
For many years, white kitchens ruled the roost. These days, though, we're seeing a move to the dark side with deep, saturated colors and bold, statement-making patterns. From inky black cabinetry to rooms doused in midnight blue or even emerald green, these dreamy dark kitchens will beckon you in.
POWDER ROOM REVIVILE
Powder rooms may be notoriously small, but they're the perfect place to make your design fantasies a reality like graphic tile, fabulous fixtures or wallpaper with serious wow-factor.
Debating whether it's okay to hang wallpaper in a bathroom? Yes! Look for vinyl papers or ones that are water-resistant (and when in doubt always consult the professionals).
- Opt for floor to ceiling mirrors
- Turn a wall into a piece of art
- Add drama like a statement light fixture
- Don't be afraid to play with patterns
TOP 10 MARKETS FOR JUNE!
For those of you that believe COVID-19 has impacted our real estate markets negatively...think again!
June 2020 sale price data for 10 markets in Ontario indicate the markets have shifted in a positive increase since last year as a result of the pandemic. All with over +$100,000 increases in sale prices !!
As Buyers emerge from their lockdown status, they are driving up prices even higher with their "pent up demand" amid a supply shortage.
Here's a full breakdown of how much home prices have gone up in 10 Ontario markets surveyed.
The new supermarket on wheels hitting Toronto streets this summer
With his new venture Grocery Neighbour, serial entrepreneur Frank Sinopoli wants to change the way Torontonians get their groceries. The concept is part traditional grocer and part farmers' market it's explicitly hygienic and entirely mobile.
Sinopoli plans to debut his original fleet of revamped 18-wheelers starting this July.
THE GLADSTONE HOTEL
This iconic Gladstone Hotel, affectionately called by the locals as "The Glady", is currently owned by the Zeidler family and underwent a major renovation in 2005, led by architect Eb Zeidler, to preserve the landmark building's historical significance.
The Gladstone Hotel was built in 1889 and named after Gladstone Avenue, next to the hotel. The Parkdale area hotel was designed by local architect G.M. Miller in the Romanesque Revival style. The Gladstone Hotel is one of the oldest hotel buildings still operating as a hotel in Toronto. The hotel has become an arts hub in the West Queen West neighborhood of Toronto.
The Gladstone Hotel is about to have new owners. When it came to finding a new owner, Zeidler said they wanted to find someone who had the vision to carry on the legacy of the hotel.
EASIER MORTGAGE STRESS TEST
FANTASTIC news is on the way for those getting into the housing market this spring - it's going to become a bit easier to qualify for a mortgage, as changes are in store for the much-contested federal mortgage stress test. The real estate industry has been voicing support for this change.
Canada's largest city has not only been recognized as the 10th most economically influential cities in the world, but also the most influential city in Canada for 2020.
This ranking is based on the following FIVE criteria:
- Economic Power (overall economic activity)
- Financial Clout (strength of a city's finance and banking industries)
- People and Political (political and demographic influence)
- Quality of Life (productivity, infrastructure, quality of life, equity and social inclusion and environmental sustainability)
- Competitiveness (business activity, human capital, cultural experience, and political engagement)
10 WAYS TO MAKE YOUR HOME MORE SUSTAINABLE NOW
- Develop A Green Thumb - indoors
- Shop For Second Life Items
- Invest In Timeless Furniture Pieces
- Upgrade To High-Performance Windows
- Choose Renewable Building Materials
- Conserve Energy At Home
- Re-purpose Pieces You Already Own
- Shop Vintage When You Can
- Decorate Using Nature
- Opt for Eco-friendly Flooring & Countertops
FIVE MORTGAGE MYTHS
A home is the most expensive purchase most of us will ever make. Combine that with the need to save for a down payment and all the work involved in finding the lowest mortgage rate, and buying a home can also become one of the most stressful purchases you will ever make.
Myth No. 1: You need to make a down payment of at least 20% to secure a mortgage.
Myth No. 2: The maximum amortization time for a mortgage is 25 years.
Myth No. 3: Pre-qualification and pre-approval are the same things.
Myth No. 4: Being pre-approved guarantees you'll get a mortgage.
Myth No. 5: It's always best to wait until the spring to purchase a home.
How two lawyers found their $1.5-million starter home after a year of searching
Krista Kais-Prial, 32-year-old employment and human rights lawyer, and Paul-Erik (Dash) Veel, a 35-year-old Bay Street litigator, with their Bernedoodle, Louis.
Krista and Dash met on Tinder in 2015. Before long, Krista moved into Dash's condo in the Fashion District. They lived there for a few years, but eventually, they wanted more space for entertaining and a backyard for Louis. Their ideal place: a four-bedroom, two-bathroom detached home with parking in a walkable neighborhood like Roncesvalles, Trinity-Bellwoods or the Annex. They set a ceiling of $1.8 million, but it took them more than a year and 60 viewings to find the right place.
TECHNOLOGY IS MAKING HOME LIFE EASIER AND SMARTER
It's hard to stay up-to-date with the ever-growing, forever changing tech space, but home automation is exactly what it sounds like: automating the ability to control items around the house from window shades to pet feeders with a simple push of a button.
These are some of our favourite tech gadgets and we feel like they will soon become favourites of yours too:
- Smart Home Hubs and Controllers
- Smart Home Surveillance Cameras
- Smart Locks and Home Security Systems
- Smart Heating and Cooling
- Smart Lighting
- Smart Kitchen Appliances
- Smart Cleaning Robots
THE W HOTEL
Renderings of Toronto's first W Hotel, which is opening this June following years of rumours and speculation, have finally been released. It looks like the building is set to be cooler than almost any other hotel in the city.
The luxury chain owned by Marriott is marketing themselves towards Millenials and will feature live DJs and other on-site events. The interior design is slated to be striking and modern, with lots of greenery as well as bold colours and patterns amid sleek finishes. Trailblazing its way around the globe, The W Hotel has 55 hotels in more than 25 countries and territories.
Over 40% of first-time homebuyers in Toronto are under 35 says Statistics Canada.�
According to the report, just over 1.3 million, or 9%, of Canadian households bought their first home within the last five years. What motivated first-time homebuyers to enter the market?
The report said two-thirds cited to become a homeowner as their top reason for entering the housing market, while one-quarter reported to upgrade to a larger or better quality dwelling or to form own household.
TORONTO TRANSIT COMMISSION
Finally, the TTC subway map will soon resemble an acceptable transit map for a big metropolis like Toronto. The expansion will be the biggest change to the TTC subway map in decades.
The project is nearly halfway complete adding in 22 new subway stops, green space and public art. The plan is purposed to be completed in September 2021 and will bring huge relief to Toronto.
THESE KITCHEN TRENDS REIGN SUPREME IN 2020
The new year is best celebrated with a refresh of all parts of life. I love timeless white kitchens, but we all have our preferences. These are some of the hottest kitchen trends you will see this year:
- Navy millwork
- Slab backsplash
- Bright, colourful tiles
- Double islands
- Steel range hoods
- Natural wonder
- Unexpected colour pop
- Gravity-defying islands
- Warm finishes and open shelving
Are you renovating your kitchen this year?
ECO-FRIENDLY HOMES LIVING IN THE FUTURE
Our homes are more than just steel, brick and wood. They represent a place of belonging, a place where we rest, gather and make memories. 11 homes have inspired us with their future-focused attention to simplicity, design and care for the planet.
These homes shine through with their distinctive charcter and thoughtful floor plans.
SMART SMALL SPACES
This 500-Square-Foot Condo Is Anything But Cookie-Cutter!
Alanna bought her 550-square-foot condo in 2014 and she's continued to transform the condo into a bright home, brimming with clever storage solutions that take advantage of every square inch.
We're happy to have storage challenges if it means the trade-off is living within walking distance of 100 awesome restaurants, says Alanna.
After 45 years in the same house, a smart couple found a novel way to downsize.� Introducing the downsizing party. Instead of leaving personal possessions to be picked over by strangers at an estate sale, this couple decided to take a different approach to the predicament of overabundance.
They sent out invitations, served food, and poured mimosas into 200 champagne flutes. It was a busy day for them & people they have known for years left with something they'd always liked, plus a champagne flute. At the end of the day, just about everything was gone! Each item having been ushered off to begin a second act. Think about hosting your own downsizing party when you are ready next move.
If there's one perfect moment to update your home, it's at the start of a new decade. � If you want to make a serious statement this year, then try incorporating one of the hottest home decor trends of 2020.� These are the trends experts say will be huge this year:� � �
- Vintage Accents
- Navy Blue
- Floral Wallpaper
- High-contrast Decor
- Non-white Kitchens
- Colour-pop Cabinets
- Canopy Beds
- Patina Accents
- Olive Trees
- Antique Art
- Kitchen Art
- Curved Sofas
- Rattan and Wicker Furniture
- Free-standing Tubs
- Cozy Fabrics
LIVING IN TORONTO
Resonance Consultancy ranks Toronto number 17 out of 20 of the best cities in the world.
Each chosen city has populations of more than one million and was ranked using a combination of statistical performance and qualitative evaluations from locals and visitors in 22 areas grouped into six core categories.
With top-notch restaurants, theatre, museums, galleries - there are plenty of things to do and see. Getting around the city is easy and efficient. Toronto is powered by its diversity, economy and education. Simply put - Toronto is fun, alive and buzzing. No wonder its one of the best cities in the world.
SIMPLE WAYS TO ADD VALUE
Making your house more efficient, upgrading the kitchen or bathroom, increasing square footage/evaluating the layout, and installing smart-home technology can help increase the value.
Whether you want to build equity or get top dollar when you sell, use the tips below to raise the value of your home.
- Make it more attractive
- Make it low-maintenance
- Make it more efficient
- Make it bigger
- Make it smarter
BATHROOM TRENDS 2020
House and Home rounded up the hottest 2020 bathroom trends. If you're planning a renovation for the New Year or simply looking for inspiration, check out the top ten trends you will see this year.
- Painted tubs
- Square tiles
- Artful light fixtures
- Trad wainscotting
- Dramatic heavily-veined marble
- Natural wonder
- Lush life
- Vintage mirrors
- Bold mismatched tile
- Heritage charm
Are you willing to take a design risk this year?
PROJECT OF THE YEAR - THE WELL
There's no doubt The Well is of a scale seldom seen before and is a game-changing development for Toronto. Not only is the project massive in scope with 1.1 million square feet of office space, 500,000 square feet of retail and 1,700 residential units, but it's also an epic construction feat with all components being built simultaneously.
Work has been underway since fall of 2018, and initial condo occupancy is expected to start in late 2022. With 5,500 workers in the commercial component, 1,500 workers in retail and 3,400 residents in the residential buildings - this massive 7.8 acre site is truly a mini-city within the city.
THE BEST SMALL SPACES
Explore the best small spaces from House & Home. Play with pattern, texture and colour to express yourself and make your home unique. I love the open concept layout of this creative kitchen/dining room - the large black print is the focal point, and a mix of patterns repeats the black accents to tie everything together.
These standout spaces are favourites for their bold decorating moves and are reminders that style isn't constrained by square footage.
TORONTO PUSHES FORWARD WITH SUBWAY ACCESS TO PEARSON AIRPORT.
In the recent press release, the premier said: Our government is making the single largest capital investment in new subway builds in Canadian history.
Pearson is a major trip generator in the GTA Region. This massive transit initiative will be fantastic for local real estate and urban development. Transit projects are always important opportunities for growth in the surrounding area.
SHE GETS A HOUSE!
Oprah Winfrey, the billionaire media mogul, philanthropist and actress - also happens to be a real estate tycoon. Oprah Winfrey just added another high-priced home to her impressive real estate portfolio!
The chairwoman and CEO of Harpo Productions recently purchased a sprawling ranch from her Oscar-winning neighbor, Jeff Bridges. Oprah's real estate portfolio includes homes in California, Hawaii, Chicago, Colorado, Georgia, Florida and more!
THE PLACE TO BE
Located north of Toronto in York Region, Vaughan has long been one of the fastest-growing municipalities in Canada, with a population now exceeding 306,000.
Comprising the Woodbridge, Maple, Thornhill, Concord and Kleinburg communities, each with their own characteristics and enjoying their own growth, Vaughan is a hub of development and activity.
Once known as the city above Toronto, it's now the place to be. And with good reason...
Amazon is making holiday gifting easier than ever! Amazon kicks-off the season of giving with our best-ever holiday shop, curated gift guides, low prices & top deals with a convenient way to shop. However, you choose to celebrate, Amazon has you covered!
Alexa Voice Shopping is a service from Amazon that allows you to place orders through the online retail giant with just a voice command. So, if you have an Alexa-enabled product, like an Amazon Echo / Amazon App all you have to do is tell Alexa what you want to buy.
How's that for shopping in the 21st century?!
BLOOR-ISLINGTON COULD GET AN EXCITING NEW 49-STORY TOWER.
Located at 25 Mabelle Ave., the proposed development was redesigned by Quadrangle and if built, would take over the under-utilized west half of this address.
Situated across from the rail corridor that extends from Islington Subway Station, the former design by +VG Architects.
The Ventin Group was set at 55 storeys. The new proposal comes in at 49 to reduce shadowing of the close by Etobicoke Collegiate Institute field
GO TRANSIT EXPANSION IS ALREADY HAVING A BIG IMPACT ON NIAGARA HOUSING PRICES.
Canada's national housing agency says GO Stations in the Hamilton-Niagara region are driving up the prices of nearby homes, they have found a direct correlation between the announcement & construction of new GO Transit Stations and increasing house prices.
So far, says Metrolinx, Niagara Falls and St. Catharines GO stations are ready for operation on the Lakeshore West line while Confederation is currently under construction. Grimsby has been earmarked for future expansion.
The rail service will help the 50,000 people who commute from Niagara to the greater Toronto and Hamilton area for work, which will positively affect the morning commute.
MASSIVE NEW WATERFRONT DEVELOPMENT COMING TO MISSISSAUGA
The plan to build massive new neighbourhood is now moving forward in Mississauga.
This huge project that the city is tackling is the grand-scale redevelopment of the Lakeview waterfront area, and city council just endorsed the Lakeview Waterfront Development Master Plan.
The Lakeview Village master plan has conveyed 67 acres of land to the city for parks, open space, cultural, and institutional uses that will include low-rise apartment buildings up to four storeys, mid-rise apartment buildings from five to eight storeys and taller buildings from nine to 15 storeys.
Pharrell Williams is collaborating on new two-tower, residential development at Yonge-Eglinton.
The project called "untitled" will deliver a new vision for residential living in Downtown Toronto. Together with Reserve Properties and Westdale Properties, Williams and an extended project team, the plan outlines to build a cultural icon featuring 750 unique units, split between the two towers and a joint podium.
The key themes are essentialism, connections to the elements and universality of space emerged. Sales are slated to begin in early 2020.
BEHR ANNOUNCES THE 2020 COLOUR OF THE YEAR!
Behr just revealed its 2020 Color Of The Year as Back to Nature (S340-4).
Back to Nature is a restorative and revitalizing green hue that engages the senses and pairs well with other colors both inside and outside your home.
You can't help but feel immediately soothed when you look at this color because it harkens back to the great outdoors and encourages us to put down our phones and be in the moment.
HERE ARE CMHC'S HOUSING MARKET TREND PREDICTIONS FOR 2020
The two-year slowdown Canada experienced in the housing market is now officially over. That declaration is from the Canada Mortgage and Housing Corporation (CMHC) - they released a comprehensive report on the national outlook. Here are the three anticipated trends according to the CMHC:
1. Canadian Sales will crest between 2020 and 2021
2. Rising House Prices
3. New builds will plateau
With recovery mode in full force, it appears Canada's markets will remain on the upswing for the next couple of years at least.
EXCITING ADDITION COMING TO YORKVILLE
Yorkville's latest build is worth paying attention to. The 41-story tower at the corner of Bay and Scollard is shaping up to be the most showstopping condo building in the city. Construction is starting this fall and units are already 50% sold out.
The condo sizes range from 716 square feet all the way up to 5,943 square feet and include family-approved spaces with up to four bedrooms. Amenities were thoughtfully designed with the residence in mind and include a gorgeous pool, private dining rooms and even an enormous wine cellar for storing your favourite bottles.
CELL PHONES OFFICALLY BANNED IN ONTARIO CLASSROOMS
The controversial and contentious cell phone ban comes into effect in Ontario classrooms today, and residents appear to be as divided as ever on the subject.
What do you think?
THE ICONIC MR. CHRISTIE FACTORY IS TRANSFORMING
If you grew up anywhere close to Toronto, you'll likely remember the Mr. Christie Factory that produced the world's favourite cookie for over 60 years.
When demolition of the site began in 2017, there was talk of a mega development taking the factory's place, slated to include a transit hub, retail space, restaurants, and residences.
First Capital Realty has recently submitted a plan application, and the plan proposes residential space (7,500 condo & rental units) and commercial, retail, entertainment and restaurant space. The plan also includes a hotel and transit hub that will include a GO Station.
BEST KITCHEN APPLIANCES
From blenders to espresso machines, these small appliances add big convenience to your kitchen. These 9 must-have appliances will fit your every need:
- High-powered blender
- Slow cooker - Sized for your families needs
- Stand mixer
- Coffee maker
- Espresso machine
- Food processor
- Toaster oven
- Wine cooler
- Soda maker
When it comes to choosing small appliances for your kitchen, think about how the device will fit with your kitchen needs and lifestyle.
SELLING A VACANT HOME
When it comes to selling your home you've got to do what you can to make it stand out. Buyers need to be compelled to want to spend their hard-earned dollars on your home, especially when there are so many other homes vying for their attention.
Selling a home that is vacant can make it more difficult to sell.
- It is harder for Buyers to establish an emotional connection
- Flaws are magnified
- Spaces are not defined
- Buyers cannot visualize the homes true potential
- Rooms appear much smaller
The Schiralli Team will provide you with an honest assessment and have the resources to bring in a staging team to get your home sold!
MOVING TO NIAGARA REGION
More people that live in Toronto or the GTA are extending their vacations to Niagara, and making wine country a one-way trip.
City dwellers looking to press re-start are now driving beyond the burbs and setting down roots in communities where they can reconnect with nature and afford houses, while not decamping too far from Toronto it's gotta be close enough to pop into town for a Jay's game.
Niagara is more than just its horseshoe-shaped falls, it's an area on the cusp of a boom with fantastic restaurants, world-class sports facilities, cool independent businesses, and some truly top-notch wineries.
The GTA is only a short drive away, and with the GO Train expanding to Grimsby, St. Catherines and Niagara Falls over the next three years, soon, it will be easier to comute!
GUIDE TO KEEPING ORGANIZED
Really organized people are not born organized, they have to cultivate healthy habits, which then help them to stay organized. Learn how to keep your space organized with 5 key tips from professional organizing experts.
Choose the right containers
Keep things where you use them
Keep organized spaces sacred
Practice 5-minute organizing
Give yourself some margin
Remember the Golden Rule - less is more!
AN UPTOWN TORONTO NEIGHBOURHOOD WITH AFFORDABLE HOMES
The cost of owning a home in Toronto continues to rise. As a result, many of us feel priced out of the city's real estate market.
Buying a home outside the city is an option for some, but that often results in significant portions of our day spent commuting instead of with family and friends.
Corso Italia is a vibrant cultural area with easy access to two major subway lines and homes in the $800,000 range.
Prices like these can make owning a home in the city less of a dream and more of a reality!
TORONTO RENTAL MARKET
Rents have gone up a whopping 30 per cent in just three years across the GTA. The average rental with no parking or extra perks is approximately $2,500 / month.
What people are paying in rent today is comparable to what they could be paying for a mortgage on a condo. Now is the time to buy a condo in Toronto.
Top three benefits to buying:
- You have a place to call your own
- You can customize your space and add value
- You're building equity
NEW HOME FOR A YOUNG FAMILY
With baby #2 on its way, this young family search for their first house.
Natasha and Aazam were living in a rental condo when Nyla arrived in Toronto in 2017.
The couple picked the east end because it was closer to their jobs They wanted three bedrooms a driveway or parking pad, and a good public-school district, all for under $1.2 million. When they found out a second baby was less than nine months away, they ramped up the search.
After several multiple offer attempts and losing out - they finally secured a home within their budget.
The winner? A Beaches semi that was districted for the highly ranked Norway Public School. They offered $1,211,500 and when that offer was rejected, they upped their bid by $22,000 and it was accepted.
SCREENWRITER'S COZY HOME OFFICE
When a screenwriter bought a house in Toronto's Little Portugal neighborhood in 2012, this shed came with it in the back yard.
He used it for storage but his designer convinced him that, with some time, creativity and money, it could be a four-season writing space - providing air conditioning or heat when required - a cozy workspace!
NEW LAKEFRONT RESIDENCES IN BURLINGTON
Featured Development: Nautique Lakefront Condo Residences in Burlington.
- Will be located on 374 Martha Street
- Builder - Adi Development Group
- Estimated completion date of February 2021
- 1, 2 & 3 bedroom units available
- 240 condo units in total
- Square feet range for units is 503 - 928
WELCOME TO BEAUTIFUL MIMICO
A Toronto waterfront neighborhood you can afford!
I may be biased - as Mimico is the neighborhood I was born and raised in. I think it is gem of an area.
Mimico offers beautiful lakeside green space , easy access to the downtown core and homes that still sell for less than $1 million.
Many of the homes here date from the turn of the 20th century, with some larger mansions along Lake Shore Boulevard and a number of newer condos near the water. The average sale price of a house in Mimico is around $700,000 (the most affordable homes are fixer-upper bungalows dating from the 1920s to 1940s), though prices can go as high as $800,000, and some larger homes are starting to crack the $1 million mark.
The hype surrounding Drake's Toronto mansion has been ongoing for what seems like forever, but the home is finally finished and we get to see inside.
Drake first bought the land for his new property back in 2016 for $6.7 million , and he's shared sporadic footage of the construction over the years.
A video released by TMZ gives viewers a partial tour of the gigantic Bridle Path house, and it's as luxurious as anyone could have imagined.
AFFORDABLE HOSING IN TORONTO
The debate over whether to use land for parking lots or housing is nothing new in Toronto and now a massive downtown parking lot will give way to a condo development partially made up of affordable units.
West Don Lands parking lot, just north of the Distillery District is used for storage by car dealerships, public events and the Christmas Market.
A new draft plan for the land outlines a condo complex that will consist of three buildings, 836 units and 36% of them would be affordable housing.
AFFORDABLE NEW TOWNS COMING TO MISSISSAUGA
With the lack of inventory and sky-high price points many residents and people looking to move into Mississauga may feel overwhelmed. Luckily, prospective homeowners should be happy to hear that a new townhouse development is currently in the preconstruction phase in the city.
"20 / Twenty" is a new townhouse development in the area of Camilla Road in the prestigious Cooksville-Munden Park neighborhood.
The townhouse development will boast 148 units that will feature anywhere from two to three bedrooms. Homes will start from $599,000, making it relatively affordable for Buyers.
TORONTO HOME GOES FOR ALMOST $1 MILLION OVER ASKING!
This house is like a Pottery Barn show home! Bright, open concept design with beautiful principle rooms. The master suite is exceptional, with a total of four walk-in closets, a laundry area and a spa-like ensuite.
- 5 Bedrooms
- 5 Bathrooms
- Beautifully landscaped lot
- Listed $5,695,000
- Sold $6,525,000
CHEAPEST HOME IN TORONTO
This is the cheapest home on the market you can buy in Toronto right now
This incredibly tiny detached house is currently listed with an asking price of $399,900
The house is located at 4 Lucy Ave. near Danforth and Victoria Park Ave.
It has two bedrooms, one bathroom, one parking space, central air conditioning and a partially renovated kitchen.
TOP FIVE MOST AFFORDABLE CONDO BUILDINGS IN BURLINGTON
Check out these condos listed well-below the area average.
- 2422 New Street
- 1377 Lakeshore Road
- 4003 Kilmer Drive
- 5010 Corporate Drive
- 526 Dundas Street
INVEST IN HOME RENOVATIONS
Before you shell out the big bucks for custom updates in your home , having a solid understanding of what renovations yield the highest return for the money is key.
You also have to take into account your budget and your renovation goals. So what are the top 8 best home renovations that will bring the biggest return while adding beauty to your home?
- Kitchen remodel
- Custom addition
- Dream Bathroom
- Finish the basement
- Make use of every square inch of your home
- Add a guest suite
- Expand bedrooms
- Create a unique space like a home gym / office
THINK OUTSIDE OF THE BOX
Make every inch of your condo count with maximum style. You know what they say: great things come in small packages!!
So, let your creative side run wild, or at least as much as it can inside your pad. Start to think about your space differently and get crafty to maximize the layout.
What was once just a blank wall used for artwork, can be a mirrored closet space to hide all your belongings. Focus on buying pieces that will work with your lifestyle and fit your needs.
10 FAST FACELIFTS TO WAKE UP YOUR HOME NOW!
- Try A Statement Light Fixture
- Dress Windows With Color
- Make Doors Disappear
- Resist Going Cutesy In A Kid's Room
- Paint Everything White
- Use Drapery Instead Of Doors
- Consider Flow
- Re-frame Art
- Let Layers Tell A Story
- Add Character With Moulding
GET THE MOST OUT OF YOUR HOME
What if all the devices in your life could connect to the internet? Not just computers and smartphones, but everything: clocks, speakers, lights, doorbells, cameras, windows, window blinds, hot water heaters, appliances, cooking utensils, you name it. What if those devices could all communicate, send you information, and take your commands?
Home automation is exactly what it sounds like: automating the ability to control items around the house from window shades to pet feeders with a simple push of a button!
AN EXCEPTION FOR DRAKE
Being a celebrity often means being exempt from rules and sometimes even the law. In this case, Drake is definitely getting special treatment, but perhaps for good reason.
Drake was given an exemption to put in high fences around his Toronto Mansion in North York.
A representative for Drake said "people are attempting to get into the celebrity's property on a daily and nightly basis, and it's been freaking Drake out."
An exception was granted and now we can all sleep a little better at night knowing Drake is safe and sound in his mansion.
CELEBRATING THE FALL MARKET
This Fall season is the perfect time to sell your home or condo!
- Less competition among other Sellers
- Buyers are ready to make a deal
- Other buyers besides families looking to purchase
- The beautiful curb appeal of Fall
THIS TINY GARAGE IN TORONTO IS FOR SALE FOR $600,000
If you were hoping to be able to afford a decent-sized house in Toronto anytime soon, unless you've got millions stashed away, you're probably out of luck because a literal garage is selling for almost $600,000.
Yes, you read that right. A garage near The Danforth on a 20-by-100-foot lot is currently up for sale for $599,000. The property is described as a "Rare Opportunity For Someone Looking To Build In Desirable Danforth Village. 20 Ft. X 100 Ft. Lot With Parking. Excellent Location Close To Subway, Schools, Shops, Restaurants. This lot can accommodate a 1,500 to 2,000 square feet two-storey house on the lot once the garage is demolished.
DIFFERENCE IN AVERAGE HOME PRICES
A home buyer can expect quite a difference in average home prices depending on what neighborhood you are looking to buy in - in Mississauga. Highest average house price is in the Lorne Park area and is at $1,678,000. Lowest average house price is in the City Centre area and is at $452,000.
The above includes all housing types, therefore City Centre is the lowest based on the high saturation of condos. Not unexpectedly, the neighbourhoods with the highest average home prices are Clarkson, East Credit, Lakeview, Lorne Park, Meadowvale Village, Mineola, Port Credit, and Sheridan.
More affordable neighbourhoods, where the average home prices currently sit around or below $600,000 include Applewood, City Centre, Hurontario, Malton and the Mississauga Valleys.
THE 8 BEST NEIGHBOURHOODS IN TORONTO WHERE RENT FALLS WELL BELOW THE CITY AVERAGE!
Housing prices in Toronto have been skyrocketing for years. It's not uncommon for tenants to pay more in rent than they would in mortgage payments. Right now, the average price for a one-bedroom unit is $2,300. That's a hefty sum.
Still, there are still plenty of areas across the city where you can snag a decent place with relatively affordable rent.
THE W HOTEL
Rumours of a W Hotel opening in Toronto have been circulating for years, but now we know it's finally happening. Marriott Hotel just announced that they signed an agreement to open a W Hotel in Toronto in the summer of 2020.
The luxury hotel will be located in a nine-story, 255-room property at 90 Bloor Street in Yorkville, which currently serves as a regular Marriott hotel. The building will undergo a $40 million design transformation a process which began in July 2019.
The W currently has over 50 hotels worldwide and they're known for marketing themselves towards millennials more than any other luxury hotel chain!
THE EPIC TOUR CYCLING EVENT
The Epic Tour Cycling Evening is taking place this Sunday, September 8, 2019. In a release, Halton police are reminding motorists that thousands of cyclists will be out on the road from 7:00 am to 4:00 pm and is advising them to avoid the northwest Milton and north Burlington areas.
Just the facts:
- The Grand Fondo-style biking event features six distance routes: 50 kilometres, 80k, 100k, 130k, 160k and 180k.
- All the routes begin and end at Kelso Conservation Area.
- Britannia Road will be closed to all westbound traffic from Tremaine Road to Cedar Springs Road from about 7:00 am to 11:00 am
- Eastbound traffic will stay open. An officer will allow access on north / southbound traffic when it's deemed safe and clear.
FIRST TIME BUYING COULD GET EASIER
Earlier this summer it was announced that the federal government would be taking steps to alleviate the pressure and stress that is often tied to purchasing your first home.
Starting Sept. 2, 2019, the First Time Home Buyers' Incentive program will provide first-time buyers with interest-free mortgage loans of up to 10 per cent for new builds and five per cent for existing housing stock.
This will be done through the Canada Mortgage and Housing Corporation (CMHC).
WHY IS THE ASSESSED VALUE OF MY HOME DIFFERENT THAN THE MARKET VALUE OF MY HOME?
Generally speaking, the assessed value of your home is based on comparables properties that have recently sold in the area. But market value is really what a buyer is willing to pay for your home. Market value has more factors at play going into it, such as emotion and the psychology of buyers, depending on where the market is at that time. To determine market value we look at values in real time. This includes factors such as current market demand.
We also look at where is the market going at that time. While we do look at comparables, just like an appraiser does, we look at them through a different lens. If the appraised value is different than the market value of a home, most agents tell their clients to take it with a grain of salt. The Toronto market has been so hot for so long that it's consistently changing. Ideally, you don't want your assessed value to be too high because then you'll be paying more tax, so agents remind clients of that as well.
THREE AFFORDABLE NEIGHBOURHOODS IN TORONTO
Toronto has several vibrant, up-and-coming neighbourhoods that are fun, safe and affordable. In fact, many homes in these areas still sell for significantly less than $1 million.
- Corso Italia
A MILLION DOLLAR ETOBICOKE HOME RENO, DESIGNED FROM THE OUTSIDE IN
The Thomas-Crowder family are not indoor people. They are not like other people who want a big huge house and worry about landscaping later. They very much think about the pool and outdoor space first, then the house.
They spend most of their family time outdoors swimming, entertaining, hosting play dates, reading and enjoying each others company.
THE HOTTEST HOUSING MARKETS IN BURLINGTON
According to stats, the Dynes, Longmoor, and Pinedale markets were the most competitive in June.
These markets remain deep in sellers territory. On the other hand, the R
The community of Tyandaga is located in the north-west end of Burlington. This well-established golf course community boasts mature tree-lined streets, plenty of green space and ravines, along with generous backyards. The north end of Tyandaga runs up into the escarpment, offering stunning views of both the city and Lake Ontario.
One of Burlington's newest parks, City View Park, is located in Tyandaga at the corner of Kerns Road and Dundas. This 165-acre park, which is made up of naturalized park areas and former farmers' fields, is Burlington's largest park, featuring lit, artificial turf fields with room for 1,500 spectators. Whether you're looking for a soccer field, baseball diamond, ponds and trails or a great view of the city and lake, you'll find it at this beautiful new park, perched on the escarpment.
North Oakville's upscale community. Joshua Creek is located south of Dundas and is a sought after, ravine community of homes. One of the many elements residents find appealing is its proximity to Toronto and Mississauga, and easy access to highways (403, 407 and QEW). The primary home builders in Joshua Creek are Dawn Victoria, Ballantry, Sundial, Mattamy, National and Fernbrook - all enjoy reputations as good quality home builders. This community was developed in the mid 1990's and newer phases in and around 2004. Perfect for families not necessarily looking for big lots but those wanting very large homes. You will love all of the parks, walking trails, recreation centre and good schools.
THE CHASE: THESE WEST-ENDERS WERE FORCED TO HEAD EAST
The Buyers: David Lauzon, a 32-year-old project manager; his 30-year-old fiance, Corey Sheldrick, who works as a manager for a local tech start-up; and their Boston terrier, Ruby.
The Scoop: In 2013, Corey bought a one-bedroom loft near Trinity Bellwoods for $343,000. Two years later, he met David at the Eaton Centre Apple Store, where they were both working, a relationship ensued and eventually asked him to move in. Although they loved the location, the condo was small and they craved a backyard. They admired the Victorian semis surrounding them and hoped they could find one for under $920,000. After a few disappointing showings, they realized they were priced out of the west end, so they refocused their search on Leslieville.
Toronto Is The No. 1 City Canadians Want To Move To
If you thought Toronto's high house prices would prevent people from moving to the city, think again. According to a new survey, Toronto is the most desirable city to move to in Canada
2nd and 3rd place go to Halifax and St. Catherines.
Humber Bay Shores is a scenic part of Etobicoke and is rapidly becoming a trendy destination for those who want easy commuter access to Downtown Toronto while enjoying waterfront living, some of the best views in all of the GTA and the pleasures of leafy green space and recreation.
Located just to the west of downtown Toronto, Humber Bay is a neighbourhood that truly has a community feel. If you're a resident there, the chances are you know your neighbours, you see the same people on your morning run, and you have a love of furry friends, just like all of the other dog owners in the area. Humber bay has some of the best dog parks in Etobicoke. Something else you'll have that not many in Toronto do, is incredible views.
HOW TO INCREASE YOUR ODDS OF SECURING A MORTGAGE WHEN SELF EMPLOYED
Getting approved for a mortgage can be pretty tough, especially with lender regulations being as stringent as they've been, especially with the recently-imposed mortgage stress test rule.
When you throw in being self-employed into the mix, the challenge is even greater. That's because lenders like to see proof of steady, reliable income, which is more typical of a full-time salaried job.
Here are some ways to boost your odds of mortgage approval when you run your own business:
- Beef Up Your Down Payment
- Have A Sizeable Financial Cushion
- Pay Down Your Debt
- Give Your Credit Score A Boost
- Establish A Solid History Of Self-Employment
Toronto's Greektown - The Danforth juggles east-enders' enviro-chic, vegan-friendly sensibilities with the city's biggest celebration of meat on a skewer. Crowds come for to its international mix of restaurants, cafes and bars, especially the Greek tavernas and pastry shops, as well as a vibrant mix of specialty boutiques. The neighbourhood is also home to the iconic/landmark Danforth Music Hall venue and the annual August Taste of the Danforth, which has food stalls, live music and dancing. The Danforth is particularly enticing for those who are keenly aware of the relationship between property and price paid, and who value the ability to get the most mileage for their dollars. The housing stock is a mix of two storey brick detached and semi-detached dwellings constructed mostly between 1910 and the 1940s.
20 THINGS NO ONE EVER TELLS YOU ABOUT BUYING A HOME
Owning a home is part of the dream, something you've thought about since childhood but once it finally comes time, there are lot of things no one tells you. This is a great article about 20 Things No One Ever Tells You About Buying A Home
HOW MANY MISSISSAUGA HOMES ARE OWNED BY INVESTORS?
According to recently released Statistics Canada Data 35.6 per cent of Mississauga condos are not owner-occupied. Stats Can says that of the 37,920 condominium apartments in Mississauga,13,500 are either vacant, occupied by tenants or used occasionally as secondary homes.
ATTENTION FIRST TIME HOME BUYERS!
First-Time Home Buyer Incentive To Launch In September. It is a new program meant to help eligible first-time homeowners enter the real estate market.
With this incentive, you need to have the minimum down payment to be eligible, and The Government of Canada provides:
- 5% of a first-time buyer's purchase of existing homes
- 5% or 10% of a first-time buyer's purchase of a new build
Located in northern Mississauga, Streetsville, Mississauga's Village in the City sits on the banks of the Credit River - a quaint scenic community with specialty shops, spas, cafes, restaurants, pubs and the largest concentration of historical buildings in Mississauga. With events going on year round, there's always something to do in the. Older detached homes on treed streets are predominant in this area.
One of Toronto's most iconic neighbourhoods you will find stately Victorian, Edwardian and semi detached homes predominately line the winding residential streets surrounding Toronto's largest greenspace, High Park.
High Park - this 400-acre tree-filled area features tranquil paths a mini-lake (Grenadier Pond) and diverse recreational activities. From late April to early May, the gardens in High Park are an especially wonderful place to explore as the cherry trees are in full bloom. Sakura are plentiful and definitely worth a visit.
Westward along Bloor Street West, the Bloor West Village boasts authentic European bakeries and delicatessens. The Village's cluster of boutiques fruit and vegetable stands, cozy patios and welcoming pubs are perfect for browsing and people-watching. Assemble your High Park picnic or find a bistro table to enjoy a cup of coffee
CASINOS AND CONDOS AREN'T IN THE CARDS FOR ONTARIO PLACE
The minister said the government will instead consider a broad range of ideas from sport and entertainment landmarks to public spaces and parks, recreational facilities and retail.
The Roseland area of Burlington is a beautiful community close to the lake Mature, tree-lined streets, large lots and an eclectic mix of custom-built homes, rebuilds and renovations create a unique place to live.
It's centrally located near downtown Burlington and is close to shops and the QEW Streets like South Drive, Balmoral Avenue, and Rossmore Boulevard are picturesque, highly-sought after streets to live on.
Paletta Lakefront Park Just steps down the road, is the oldest park in Burlington. Located at 4280 Lakeshore Road, 14 acres of lush walking trails await
A NEW WATERFRONT RESTAURANT WITH A PATIO IS COMING TO OAKVILLE!
The Bronte Village BIA Oakville Facebook group recently announced that a new restaurant called Bronte Boathouse is coming to town and will be located at 2340 Ontario St.
The restaurant will have a relaxed and casual atmosphere and will serve up a wide variety of dishes including deep dish pizza, fish and chips, and fresh oysters - just to name a few options to get your mouth watering.
Large Homes Perfect For Growing Families
Bronte Creek is a master planned community of executive single-family homes and luxury townhomes in a magnificent neighbourhood featuring, forests streams, rolling hills, open spaces and private woodlots.
This area was built on the grounds of the old Richview Golf Club and was developed by Monarch Homes and featured other builders such as Branthaven and Fernbrook. Bronte Creek borders onto Burlington. Development was from 2003 - 2011. There is no place like Bronte Creek Surrounded by the lush greenery of Bronte Creek Provincial Park and the rich history of Oakville it is a stunning nature inspired community. You will love the valleys, ponds and large trees.
THE STREETSCAPE IS CHANGING IN BEAUTIFUL DOWNTOWN OAKVILLE!
Please ensure that you continue to support our small business owners during the construction. All stores are fully open during this improved streetscape phase.
The reconstruction of Lakeshore Road is scheduled to be completed in two phases over a two-year period. The first phase from Navy Street to Dunn Street started on April 22 this year and will be completed in November 2019. The second phase from Dunn Street to Allan Street will be from April to November 2020, reopening in time for the Santa Claus parade.
A long standing debate has ensued over the proper name for this neighbourhood. Some refer to it as "The Beach", others as "The Beaches". Both are acceptable!
The Beaches is a relaxed neighbourhood with a small-town vibe is a top summer destination, drawing families and tourists to its sandy beaches, beach volleyball and quaint boardwalk. Vibrant Queen Street East features colourful Indie shops, intimate bistros and hip bars, along with homey bakeries and ice cream parlours. Kew Gardens park offers skating and tennis, and hosts The Beaches International Jazz Festival.
PURCHASING A HOME NEED NOT BE STRESSFUL
Purchasing a home is not as stressful as you may think it is.The stress test relates to a homebuyer's finances, but for many of us, buying a home can feel personally stressful as well. That doesn't need to be the case.
One way to mortgage a home without mortgaging too much of your lifestyle is by saving for a down payment early if you only start thinking about buying a home when you start looking for one, you may find you're not ready. Another way is by taking out your mortgage with trusted professionals who will offer you a low rate and be there to answer your questions and concerns.
BLOOR WEST VILLAGE
In 1970, a handful of Bloor West Village business owners, wary of losing customers to suburban shopping malls, banded together to create Canada's first BIA. Outside their shops, they hung string lights, planted flowers and laid the groundwork for what has, almost 50 years later, become Toronto's top neighbourhood.
For residents, it's the perfect Goldilocks district: bustling but cloistered from downtown, hip but not as precious as Roncesvalles, classy but not as pricy as Baby Point. It scores well in virtually every metric: it's safe and accessible (Jane and Runnymede stations are nearby), and its charming old homes are relatively affordable. The main drag is more quaint than happening, but trendy bars and restaurants are just a short walk away, as are a number of highly ranked schools and, of course, the sprawling High Park.
Mimico is a hot where to buy now vibrant community. Mimico holds a special place in my heart as this is the community that I myself was born and raised in by hard working immigrant parents.
Today Mimico still remains diverse and is home to many different nationalities and occupations which call Mimico home. Architecturally, homes in Mimico range from bungalows built in the 1920s to1940s, to grand lakeside estates, some pockets with heritage designated homes and low rise apartment buildings built in the 1950s and 1960s.
There is a large area of condominium high-rise tower development in the area of Humber Bay along the lake shore. Mimico is home to unique little independent mom and pop stores, including the famous Sanremo Bakery. Recreational facilities in Mimico include the Mimico Tennis Club, the Mimico Cruising Club, the Etobicoke Yacht Club and the Humber Bay Sailing Centre.
EVERYTHING YOU NEED TO KNOW ABOUT HOME EQUITY
As a homeowner, you'll have the opportunity to build substantial equity in your home. This can help provide you with wealth and financial security as you continue to pay your mortgage.
For example: let's say your home is currently valued at $800,000, and you still have an outstanding balance on your mortgage of $400,000. That means you have an equity of $400,000 ($800,000 - $400,000). This means that there's a lot of money sitting in your home that you could use for other purposes
How Do You Build Equity in Your Home?
Paying down the principal portion of the mortgage
Increasing its market value over time
SO, WHAT IS A PRE APPROVAL?
Buying a home is one of the biggest purchases most Canadians will ever make. In today's market, it's especially important to understand your full financial requirements upfront.
A pre-approval is confirmation from a lender that you qualify for a mortgage loan and for how much. This is based on a number of factors, including income, credit history, assets and liabilities, as well as the size of the down payment.
Having an idea of how much mortgage you could be approved for is crucial before searching for your new home or condo.
So, what is a Pre Approval?
GTA HOME SALE SOAR
This year's spring housing market sure took its time to arrive, but peak home buying season is officially in force with the number of sales spiking 16.8 per cent in April, according to the latest data from the Toronto Real Estate Board.
A total of 9,042 homes sold over the course of the month, marking an 11.3 per cent uptick from March.
The average home price in the GTA also rose 1.9 per cent to $820,148, with the MLS Home Price Index which measures the overall value of homes sold rising by 3.2 per cent, its largest increase in over a year.
WHAT EVERY BUYER NEEDS TO KNOW ABOUT PURCHASING PRE-CONSTRUCTION CONDOS
But buying brand-new has additional advantages - namely, the ability to tweak the unit with the exact layout and finishes you prefer. Not to mention being able to move into a place that's never been lived in before.
But before you choose to buy pre-construction, it's important that you fully understand everything there is to know about this unique type of transaction:
- Deposit Amount Required Is Hefty
- Delays Happen Frequently
- Budget For HST
- You Could Move In Before Final Completion
- You May Be Able To Assign Your Condo
- You Can Lock In At Today's Mortgage Rates
- There's Always the Slight Chance of the Development Being Cancelled
Hamilton, affectionately known as the Hammer by many is rich in history and culture and surrounded by spectacular nature. Unique for its distinctive urban feel and vibrant arts and culture. Hamilton offers incredible access to conservation and recreation lands, amazing waterfalls, and is a natural playground for cyclists, hikers, boaters and outdoor adventurers.
Hamilton boasts endless experiences for the most discerning traveler. Wander through one of the finest collections of art in Canada at the Art Gallery of Hamilton or take a leisurely stroll through the stalls at one of Hamilton's local farmer's market.
On your travels you'll find award-winning restaurants across Hamilton with committed chefs attracted by the high-quality seasonal produce across the region as well as interesting boutiques, great coffee shops, and bars and night clubs in the popular Hess Village.
BUY THE BEST OR WORST HOUSE ON THE BLOCK?
It's a conundrum that faces many buyers, as they weigh their options between buying the best or worst house on the block.
The avenue you take will depend on your needs, desires, and the location of the home you plan to buy. Your real estate advisor will be instrumental in guiding you.
While in some cases it might make sense to snag a home in a great area that needs some TLC, in other cases buying the right home in the right area at the right time might be your better option.
Downtown Burlington is where all the magic happens in Burlington, Ontario. This waterfront community has much to offer. Everything from a vibrant mix of residential neighbourhoods, must-visit restaurants, mom-and-pop shops, cycling paths along side the lake that span for miles to the most beautiful accessible waterfront setting, and of course the new Brant Street Pier (a.k.a Burlington Pier).
People are attracted to downtown Burlington for many reasons. This historic area offers a wide variety of Real Estate and home options. Everything from apartment rentals to residential neighbourhoods. From waterfront town-homes to the luxury high rise condo lifestyle. This part of Burlington has it all.
The quaint and relaxed atmosphere is the best part of living there. Everything you need is a short walk away.
Shopping & Restaurants:
This is arguably the best part of Downtown Burlington. Everything is within walking distance. All the shopping a food you can handle can be found in the downtown core.
OPEN BIDS IN MULTIPLES?
Ontario is considering allowing realtors to tell prospective home buyers the prices of other offers in multiple offer situations.
The government has launched a consultation Thursday looking at the Real Estate and Business Brokers Act, and that's one rule they're looking at possibly changing. The discussion is a controversial one.
Currently, if there are multiple bids on a home, the seller's broker can only disclose the number of competing offers, but not the price details of them.
In Central Oakville, just west of Sixteen Mile Creek, lies the small yet trendy sub district of Central Oakville, also known as the Harbour District. Residents in the south part of this community love the proximity to the lake, and marina. Established in 1827, it is well known for the Oakville Yacht Club, Canoe Club and Kerr Street Village area that offers numerous shops, cafe's, specialty food shops and restaurants.
Many heritage homes, dating back to the 1,800's are found in this quaint area. This sought after area is appealing to down sizers or empty nester's from other areas of Oakville who are right sizing from very large homes with large lots to a more simpler, chic, get up and go lifestyle. Condo's, semi's and townhomes represent 74% of the housing types, followed by detached homes representing 26% of the housing types.
THE DRAKE HOTEL
Here's what the Drake Hotel looked like before it became a Queen West destination. Jeff Stober purchased the Drake Hotel in 2001. Stober poured a reported $6 million into reimagining the place, and the renovated Drake Hotel opened in 2004. Fifteen years later, the Drake is a Toronto nightlife and hospitality landmark. Take a look at what it looked like before to now. What a transformation!
Stoney Creek is a community within the city of Hamilton, located on the shore of Lake Ontario. You will get great value for your money when purchasing real estate in Stoney Creek. Stoney Creek homes for sale consist of a variety of townhomes, condos and single-family properties, from affordable starter homes to luxurious waterfront estates and everything in between.
The community is one of the fastest growing sections of Hamilton, with a number of newly developed neighbourhoods popping up. Stoney Creek boasts an abundance of parks, nature trails and of course, the Devil's Punch Bowl and Fifty Point Conservation Area. With numerous recreational facilities, great access to Lake Ontario and an easy commute to downtown Hamilton, Stoney Creek is the ideal neighbourhood for buyers looking for a beautiful home, set away from the hustle and bustle of the city centre.
NEW DATA SHOWS
Chinese Investors Favour Toronto Over Vancouver. The global property market saw a drop in Chinese investors in 2018, but no city experienced a more drastic decline than Vancouver.
In addition to the 20 per cent tax placed on foreign buyers, Vancouver also has a speculation tax and wealth tax. The former was introduced last year and cracks down on foreign and domestic buyers who don't live in the homes they own and don't pay income tax. The latter is a progressive tax that places higher percentage rates on more expensive properties.
These new taxes have deterred Chinese investors from the Vancouver market, causing many to look at Toronto & GTA instead.
WHAT IS A BULLY OFFER?
A bully offer is an offer that is made pre-emptively, ahead of a seller's offer date. Not only does this put pressure on sellers who have a limited time to accept the offer, but most importantly makes the system unfair to other buyers, who have not yet had a chance to put in their bid.
The above can be very frustrating an stressful to buyers and understandably so.
The Ontario Real Estate Association (OREA) intends to ban bully offers to level the playing field for all home buyers.
SEE INSIDE BLOOR STREET'S NEWEST LUXURY HOTEL SUITE!
This hotel has been rendered entirely unrecognizable after a to-the-studs renovation by local design darlings Mason Studio on behalf of Kimpton, a California-based hospitality group.
What: The Kimpton Saint George
Where: Bloor and St. George
Opened in: June 2018
Price: $1,200 per night for the 903-square-foot Presidential Suite
Operator: Kimpton Hotels
ARE YOU A YOUNG PROFESSIONAL LOOKING FOR A NEIGHBOURHOOD THAT FITS YOUR NEEDS?
Look no further! Every buyer has unique needs when it comes to buying real estate. Here are the Top 10 Toronto Neighbourhoods For Young Professionals:
- King West
- Queen West
- Financial District
- Yonge and Eglinton
- Yonge and Finch
- Distillery District
- The Junction
- Liberty Village
Glen Abbey was one of the first truly planned communities and home to the world class Glen Abbey Golf Club. Most homes were built in the 1980's through to the 1990's in this established neighbourhood which appeals to familes. You will love the iconic Monastery Bakery, the elaborate trail system great for walking and running and the recreation centres. Great academic reputation for local schools. Prevailing types of homes are typically larger 2 storey's, with double car garages.
HOW MUCH DOES IT COST TO BUY A HOME WITHIN A SHORT DRIVING DISTANCE FROM A GO STATION?
Purchasing a home close to a GO station can be rewarding:
Sold data from local real estate boards have found the average cost of sold homes within a 2 km radius of Go Transit's 66 stations in the GTA. Take a look at the average commute times from each station to rank the neighbourhoods on affordability.
WHAT CANADIAN HOMEOWNERS SHOULD KNOW BEFORE FILING THEIR TAXES
With the deadline to file taxes quickly approaching - there are plenty of deductions you may be able to make especially, if you own a home.
Here are a few important things all Canadians homeowners should know to help cut back on what they owe the government:
- You May Be Able to Claim Expenses Related to a First-Time Home Purchase
- Expenses Related to Renovations Could Be Deductible
- You May Qualify For a Rebate on Some of the Taxes Paid on a Home Purchase
- If you have sold your home, you need to report it
- You May Have to Repay a Portion of the Home Buyers Plan (HBP)
WHY IS A FINAL WALK-THROUGH SO IMPORTANT FOR BUYERS?
We typically negotiate approximately 3 re-visits on behalf of our Buyers. It's very important for an agent to walk through the house with their client to see if any of the problems (if any) that were documented in an amendment for the Seller to fix at their own expense have been completed in a proper professional manner.
We always include a time line for the work to be done in our amendment and request supported documentation from the professional that did the repair work. Typically all work should be done and documents for repair should be in our hands two weeks prior to the closing date. Just after this timeline should be your 2nd re-visit.
You also want to ensure that all the appliances are in good working order, exactly as you had seen them when you walked through the house the first time. One would expect that all light fixtures are working and that the furnace/AC inside the house is also working properly based on the season. The house should also be clean have no visible damage that was not there previously. We recommend a final re-visit the day before closing.
If there is a problem that cannot be resolved, the Buyer's lawyer should be advised immediately that day with details, she/he may suggest that a hold back of funds from Buyer to Seller to be initiated for closing.
Lorne Park is Mississauga's ultimate move up neighbourhood. On the weekend, families will take a stroll or drive through its gorgeous tree-lined streets that boast a mix of luxury million dollar, custom build, and quaint cottage-style homes.
When you enter Lorne Park you immediately recognize that this area carries with it a very prestigious yet down-to-earth balance. Lorne Park shares most of its lifestyle aspects with neighbouring Port Credit. You will enjoy strolling along Lakeshore to enjoy the restaurants and shops and walk or cruise the gorgeous streets and parks that make this feel like Mississauga's most prestigious neighbourhood.
Lorne Park is located in south Mississauga west of Clarkson, east of Port Credit and south of Erindale separated by the QEW. While its borders blend into neighbouring Clarkson, the main arteries of the two neighbourhoods are actually quite distinct in many respects.
NOW IS THE TIME TO SELL YOUR PROPERTY!
Here are The Schiralli Team's tips on how to get the EXTERIOR of your residence market ready to obtain a maximum price. Take a � hour and do a walk about tour of the exterior of your home - be critical. Look at it through the eyes of a potential Buyer.
- Have your windows professionally cleaned inside and out so they sparkle
- Eave troughs and siding should be inspected - they may need a good power wash
- Power wash your front steps/porch area (don't forget to remove those cobwebs)
- Fill your planter box at your entrance with a fresh Spring arrangement
- Deep clean the EXTERIOR of the BBQ , and remove the cover for showings
- Power wash your rear patio/deck area
- Set up your patio with your furniture
- Give your front and back yard lawns and garden beds a thorough spring clean up
- Add new mulch to your garden beds
- Check your front door - does it need a fresh coat of paint
- Is the handset on your fro t door rusted/old? Now is the time to replace it
- Are the coach lights old at the garage area or front door? Now is the time to replace them
- Is your garage door beat up? Replace the doors.
- The pool MUST be opened even though it is still cold. You need not heat it, just have the pump running.
WHAT IS A STATUS CERTIFICATE?
Essentially, it offers buyers and owners a detailed idea about the condo's financial and legal status. It also includes a rundown on the entities that oversee the corporation.
What should you be looking at before committing to the purchase of a condo?
- Pending lawsuits
- Condominium Declaration
- Condo Corporation's Management
SHORT- VS. LONG-TERM MORTGAGE AMORTIZATION PERIODS. WHICH IS BEST?
When it comes to monthly bills, your mortgage payments are bound to be some of the biggest. And it's the amortization period on your mortgage that determines just how big or small these payments will be.
What is an Amortization Period?
Your mortgage amortization basically averages out all the payments you would need to make over a certain amount of time until the entire loan amount is paid back in full.
The Argument For a Short-Term Amortization Period
The Argument For a Long-Term Amortization Period
Which Amortization Period is Best For You?
REAL ESTATE TERMS ALL FIRST-TIME HOMEBUYERS SHOULD KNOW
If you are working towards purchasing your first home/condo you will find this article useful! It will help you streamline your path towards homeownership.
Make sure you get familiar with all the terms that you'll likely come across
- Mortgage Pre-Approval
Types of Mortgages
Types of Condos or Homes
FALL IN LOVE WITH BRONTE
Every week The Schiralli Team will select a neighbourhood to be spotlighted. Lets tell you a little bit about Bronte – which ranks in our team’s personal top 10 of favourites!
Established over 100 years ago, this community is made up of a mix of housing from lakefront homes, condo complexes, town homes and detached homes. Bronte also encompasses the Lakeshore Woods area which was developed just over 15 years ago and borders Burlington. The Town of Oakville is undertaking a greatly needed revitalization of the existing 1970 era Bronte Village Mall. This is an exciting and vibrant re-development are welcomed in an already sought after neighbourhood. Bronte Village is the core of Bronte and is just steps to Lake Ontario, lakeside parks, trails and marina. It also boasts a great selection of fine restaurants and shops. High walk score of 79 for this neighbourhood.the plan
WELCOME TO OAKVILLE!
Nestled on the shores of Lake Ontario. Toronto to one side and Hamilton to the other, the beautiful Town of Oakville is known for its picturesque harbours vibrant shopping districts, active arts community and some of the best world class restaurants.
- Founded in 1857 by Colonel William
- Location, Location, Location: Conveniently located 30km from downtown Toronto
- Oakville is only a one hour drive from the U.S borders at Lewiston, Niagara Falls or Buffalo
- Oakville offers 1,420 hectares of parkland, 150 kilometres of trails and more than 200 parks
- Oakville's distinct heritage is on display at the town's many heritage buildings and trails
- Over 260 music, drama and various performances are staged every year in Oakville
- Oakville also has about 83 soccer fields and 74 baseball diamonds
HOME OF THE WEEK
$2 million for a well-preserved 119 year old home in Roncesvalles. I am smitten with older homes that are brimming with character and unique features! This one listed in the Roncy area is stunning. It does come with some possible deal breaker features, but over all it is delightful.
THE NEW EXCHANGE DISTRICT
The Exchange District Will Completely Transform Central Mississauga. Downtown Mississauga will soon be a reality when one luxury Toronto real estate developer embarks on its plans to establish a new downtown district in the heart of the city.
Intended to include:
- Condominium towers
- A new hotel
- International retailers
- Casual and fine dining spaces
- Modern office accommodation
- A public square
- Accessible green spaces
Early and unreleased marketing materials suggest the new development from luxury real estate leaders Camrost Felcorp will be dubbed The Exchange District.
BRONTE VILLAGE REVITALIZATION
The Town of Oakville is undertaking a greatly needed revitalization of the existing 1970 era Bronte Village Mall. The Town's professionals are able to achieve a revitalization plan for the site that moved away from a single use development to a vibrant and welcoming mixed use centre consisting of retail, office and residential uses.
In addition, the plan includes The Market Square which will draw a fabulous selection of seasonal vendors and upgrades to Veteran Memorial Park. These spaces will encourage walking as the primary method of meeting one's daily needs within a complete community. Bronte Village Mall will be recaptures as the focus of the community and will help advance future revitalization efforts within Bronte Village. The site has been approved for an attractive, tiered luxury apartment complex complete with a market square, parkettes and select retail. This exciting and vibrant re-development are welcomed in an already sought after neighbourhood. For more information on this project contact the Town Of Oakville.
40+ COZY LIVING ROOMS YOU'LL WANT TO HIBERNATE IN THIS WINTER
When the mercury drops and the snow is flying, its time to hunker down in your living room and get cozy. Whether it's the comfy furniture, warm paint colors, roaring fires or shag rugs, these inviting living rooms will inspire you to bring some hygge into your own home.
SELLING UNIQUE HOMES
Unique homes are typically designed according to the specific wants of the homeowner. Unique homes can however be a tough sell. To make matters worse, buyers might not have the same appreciation for the home's unique features, making the job of the seller even more difficult. Marketing and selling unique homes certainly poses some challenges, which is why it's important for the realtor to employ a number of tactics to help find the right buyer.
Here are some tips to help get your unique home sold:
Take aerial photos
Highlight the Best Components of the Home
- Target the right buyers with your marketing
- Throw in some valuable extras
- Have an certified appraisal done and available
- Have the home professionally staged
HOW MUCH DOES IT COST BUDGETING YOUR DREAM KITCHEN?
Here is a list of the average costs associated with renovating an existing kitchen using the same layout. Low to high ranges indicated based on quality of materials.
Appliances: $10,000 to $30,000+
(Includes fridge, stove, vent hood, microwave and dishwasher installed)
Countertops: $60 to $150+ a square foot
(Installed with sink cut outs)
Plumbing Fixtures: $1,000 to $3,100+
Flooring: $9 to $20+ a square foot
($3 - $8 per square foot for installation, based on material)
Lighting: $1,000 to $3,000+
Misc. Items: (Backsplash/decorative shelves/accessories: $2,000+
Ceramic or porcelain tile backsplash: $4 -$15+ a square foot
(plus $8 a square foot to install)
Odds are, you're going to need a mortgage to help you finance a home purchase. Its likely going to be the biggest financial investment you'll ever make in your lifetime - any financial assistance is going to be a big help.
Start saving early and tap into some great programs and tactics that can help make saving for a down payment a lot easier. Take Advantage of a First-Time Homebuyers Plan. Don't Put All Your Savings Into an RRSP. Look Into a Borrowed Down Payment Program.
FAMILIES = CONDOS
Family sized condo units, will be changing Toronto's real estate market. After decades of courting the young and single, Toronto condo developers finally find themselves thinking for the future in a family way.