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
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.
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.
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 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.
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!
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.
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.
SALE OF THE WEEK:
This is what a $5.5 million dollar house looks like in Rosedale! This large home is an instant Rosedale classic with the heritage exterior and a great interior floorplan.
- Address: 60 Andrews Gardens - Rosedale
- Type: House
- Bedrooms: 5 + 1
- Bathrooms: 5
- Size: 53 x 130.24 feet
- Hit the market at: $5,995,000
- Sold for: $5,450,000
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.
SALE OF THE WEEK
Address: 85 Kingsmount Park Road:
Previously sold for: $800,000, in 2018, prior to renovations
Listed at: $999,900
SOLD FOR: $1,335,000 IN MULTIPLE OFFERS
The east-end semi that gained more than $500,000 in value after a reno. A newly renovated three-bedroom semi, with a shared drive and luxurious finishes.
When the seller bought the semi-detached property less than a year ago, it was being sold in as-is condition. With an eye to flipping the house, he gutted the place and undertook an extensive renovation that included exposing the original brick, vaulting the ceiling in the master bedroom and building a custom kitchen with Thor appliances.
CONDO OF THE WEEK - $1.2 MILLION FOR A KING WEST SUITE WITH A WALL OF WINDOWS
Address: 75 Portland Street # 908
Neighbourhood: King West
A bright, open, two-storey loft with a floor-to-ceiling window wall.
The building was completed in 2010. The sellers bought this unit pre-construction. In the past three years, they’ve made roughly $200,000 in upgrades.
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 fiancé, 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
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, cafés, 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.
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
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.
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.
PURCHASING A HOME NEED NOT BE STRESSFUL
Purchasing a home is not as stressful as you may think it is.The “stress” in “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.
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
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.
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?
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.
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.
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.
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, café’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!
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.
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.
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 ½ 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?
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
4 SMALL BATHROOM DESIGN TIPS FOR MAXIMIZING SPACE! DESIGN TIPS FOR MAXIMIZING SPACE WITHOUT SACRIFICING STYLE.
1. Build shelving in unexpected places
2. Create the illusion of more space
3. Opt for a light color palette
4. Make storage a priority
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
5 COLOR AND STYLE TRENDS FOR KITCHENS AND BATHS IN 2019
A peek at the future of kitchen and bath design could be had recently at the Kitchen & Bath Industry Show (KBIS) and International Builders’ Show (IBS). Whether you’re into the rich, moody colors cropping up or you prefer classic neutrals such as white, gray, blue or green for your kitchen and bathroom style – there is something for everyone.
- Rich, Moody Colors Emerge like “black plum”
- White, Gray, Blue and Green Have Staying Power
- Transitional Style Prevails
- Farmhouse Style in the Mainstream
- Color Gets Personal – many companies offering colour match options
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.
REAL ESTATE IS ALIVE AND WELL!
$545,000 in Etobicoke, $865,000 at Harbourfront: What these condos got.
Location: 225 Sherway Gardens Rd., Unit 2709,
Asking price: $549,000
Selling price: $545,000
Previous selling price: $360,000 (2015)
Size: 893 sq. ft.
Location: 33 Bay St., Unit 3003,
Asking price: $875,000
Selling price: $865,000
Previous selling price: $545,000 (2012)
Size: 900 sq. ft.
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.
RENTAL HOT STREAK
The Toronto rental market continues its hot streak. For the third time this year, Toronto has been named the most expensive city in Canada for renting. Month-over-month the cost of renting a one-bedroom in Toronto went up nearly 2 per cent. On a yearly basis, rent for a one-bedroom jumped almost 15 per cent. See how Vancouver, Burnaby, Montreal and Vancouver compare.
WE ARE IN LOVE
We are IN LOVE with this Davenport area condo in Toronto.
- Sticker shock – Listed at $2,950,000
- Floor to ceiling windows
- Floating stairs
- 1 bedroom (massive suite)
- 2 bathrooms
- Walk score of 93
- Transit score of 90
- Monthly maintenance fee of $1,524
DOWNTOWN OAKVILLE EVENT CALENDAR 2019
In 2019 the Downtown Oakville BIA welcomes the community to attend 11 diverse and culturally stimulating events. Our event listing is presented as per usual with the exception of the Songs of Summer Music and Art Festival. Songs of Summer (replaced Jazz Festival in 2017) will evolve into a series event that will be presented in partnership with Summertime Series.
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.
TOP MOST POPULAR TORONTO NEIGHBOURHOODS
So, what are the top neighbourhoods in Toronto that cater to families with kids of all ages? These are the top five picks.
Bloor West Village
Average home price: $1,108,250
Average home price: $1,001,410
Average home price: $735,133
Average home price: $990,201
Average home price: $909,735
GO TRANSIT EXPANDED ROUTE TO ST. CATHARINES AND NIAGARA FALLS
After being announced in late 2018, GO Transit has finally expanded its train route to St. Catharines and Niagara Falls! This has been a breakthrough in commuting for our residents who live in those neighbourhoods.
As of Jan. 7, 2019:
GO Trains travel from Niagara Falls to Toronto two times each day
First trip beginning at 5:19 a.m. and leaving Union Station at 5:17 p.m. to make its return.
Round Trip commute cost $40
Travel time round trip takes about 2 ½ hours to travel from Niagara Falls to Toronto, with eight stops along the way.
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
SALE OF THE WEEK
The Roncesvalles ground floor loft in an old candy factory that gained almost $300,000 in value in under two years! A recently renovated ground-floor loft in an old candy factory.
The seller is a musician from Burlington who bought the suite less than two years ago to be closer to the downtown scene. He has since decided to pursue professional cycling. Initially, he wanted to lease the unit while he was training overseas, but he wasn’t getting any takers at $4,000 per month, so he decided to sell.
Previously sold for: $725,000, in 2017
Was just listed at $1,049,000 and SOLD for $995,000
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)
WHAT A CONDO!
Asking price? $8.8 million for an absolutely massive suite near Yorkville in the Annex area of Toronto. 20 years ago the owners purchased three large units on one floor right next to each other. They converted them into one sprawling “mansion in the sky” to accommodate their large family.
- 5,240 square feet
- Condo fees of $5,680 per month
- 6 bedrooms
- 7 bathrooms
- 2 full kitchens
- 2 laundry rooms
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.
GREEK TOWN – THE DANFORTH
The Danforth is named Toronto’s most popular neighbourhood for Buyers – known for its incredible dining, shopping and leisure areas. “Greektown” topped the 2018 list for two reasons: accessibility and proximity to the downtown core.
PANTONE COLOR INSTITUTE ANNOUNCEMENT
Just last month, the Pantone Colour Institute revealed their colour of the year: LIVING CORAL. Ever since everyone’s been wondering how to incorporate such a bold hue into their home. Here is some advice on how to incorporate the colour into your space.
Works very well with beige, taupes and greys. Try it on the ceiling of a dining room or powder room
Can turn a bedroom into a surprisingly elegant retreat. Though bold it works effortlessly with other colours.
TOP 5 TOBOGGANING HILLS IN MISSISSAUGA
Whether you’re looking for a family outing, an adventurous date or just inclined to have some fun with friends, here are the best slopes in Mississauga to plummet down this winter.
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.