"Why you shoudlnt take the highest mortgage you are offered" A good piece of advice, courtesy of The Globe and Mail by Paul Attfield "For prospective buyers, one glance at any real-estate listings page in cities like Toronto or Vancouver does not make for pleasant reading. The average price of a home in the Greater Toronto Area was $863,910 last month, according to the Toronto Real Estate Board, while in Greater Vancouver, the news was even more grim, with the average price for detached houses reaching $1,830,956. Of course, while condominiums represent a cheaper way to get onto the property ladder, they ...
June 13, 2017
Chinese Buyers Say They Want Toronto Real Estate For Schooling
June 13, 2017
Foreign Buyers continue to drive the Canadian Housing market and though many believe the cause of that is purely investment, its actually not. In fact most of foreign clients are coming to Toronto for educational and business opportunities, not just to park their money offshore. Below are the various reasons and statistics why foreign buyers want to come to Canada. "The top reason why foreign buyers from China want to get into the Canadian housing market is education, not investment, according to data from a popular global real estate listings website. Figures released Tuesday by the Chinese website Juwai.com in partnership with Sotheby's International Realty Canada found ...
Upcoming Real Estate Developments In Toronto
June 12, 2017
2017 was set to be a big year for real estate developments to come to Toronto. While we'll likely have to wait until 2018 for landmark buildings like River City 3 and the Massey Tower, there's still a ton happening in the coming months of 2017. Here are my picks for the most exciting real estate developments still to come this year. The Broadview Hotel The restored facade has been exposed and the exterior lights turned on at the Broadview Hotel, but at some point, this June we'll finally get to see the what's been done to the inside of ...
Exciting Nobu Toronto Development
June 2, 2017
Though there are speculations on the Toronto Real Estate Market, executives behind the star-powered Nobu Toronto development, which includes 660 condominium suites, a hotel, and the first Nobu Restaurant in Canada, say they’re not concerned about a real estate bubble in the city. “The core value in any real estate investment is the location and the lifestyle that comes along with it – this definitely has both aspects,” said Zagdanski, the vice president of Toronto-based developer Madison Group. We couldn’t agree more. Toronto’s real estate market will remain buoyant thanks to the lifestyle and location of our great city! See ...
Bank of Canada Makes Interest Rate Announcement
May 24, 2017
"The Bank of Canada is sticking with its trendsetting interest rate of 0.5 per cent, saying uncertainties continue to overshadow the economy's stronger-than-expected start to the year. In explaining its decision Wednesday to hold the rate, the central bank once again highlighted weak wage growth and the softening rate for underlying inflation as examples the economy still has room for improvement. The bank's scheduled rate announcement comes after it raised its 2017 growth projection last month following a surprisingly healthy start to the year in areas such as employment, consumer spending and the housing markets. In Wednesday's statement, the bank ...
JUST LISTED - 481 Woburn Avenue
May 15, 2017
JUST LISTED 481 Woburn Avenue $2,198,000 4 + 1 Bedrooms | 5 Bathrooms 8 Years Old - Looks Brand New! Single Car Garage (lane access) + legal front pad parking Lot Size: 20 X 125 Feet This spectacular, custom built home is located on the sunny south side of Woburn (first block west of Avenue). Thoughtfully designed with today’s family in mind: 10 ft ceilings on the main floor; combined kitchen/family room with a walkout to backyard; open-concept living/dining rooms; and a nanny suite. Just under 2,500 sq ft + finished basement. Ample storage throughout. ...
SOLD - 2092 Shawanaga Trail
May 15, 2017
SOLD - 2092 Shawanaga Trail 4 Bedrooms | 3 Bathrooms Lot Size: 100 X 152.21 Feet Fabulous lot was on the market for the first time in 40 years! And, it sold fast! This large bungalow was beautifully maintained and extensively renovated over the years. Feel free to contact me if you have any questions or need more information. Direct 416.505.0153 Office 416.489.2121 Email firstname.lastname@example.org Royal LePage R.E.S Ltd Johnston & Daniel Division ● 477 Mount Pleasant Road, Toronto, ON M4S 2L9
Toronto Ranked In 8th Place For City With Most Skyscrapers In The World
May 2, 2017
Toronto has been ranked one of the 10 cities with the most skyscrapers in the world. That's not too surprising considering it seems like there are new super tall towers going up all the time. The rankings, which were compiled by the architecture site ArchDaily, use data company Emporis's definition of a skyscraper: a building that's at least 100 metres tall. According to those metrics, Toronto is home to 255 skyscrapers. ArchDaily gives a nod to the Mies van der Rohe-designed Toronto-Dominion Centre as our first skyscraper, which was built in 1967. The writeup also mentions our city's condo boom, noting, "the last ten years have seen an increase ...
JUST LISTED - 2092 Shawanaga Trail
May 1, 2017
Government Changes Projected Impact On Market
April 26, 2017
"New provincial measures to cool the rollicking Toronto region housing market could finally prompt harried home buyers to take a breath and figure out how the new rules affect their personal circumstances long-term. It is difficult to predict how the 15-per cent foreign buyers’ tax announced by Premier Kathleen Wynne will impact the market, says the Re/Max 2017 Spring Market Trends Report published Tuesday. While a similar tax turned down the heat in Vancouver, Toronto is a bigger city and foreign investment isn't considered to be as big a factor here, although data is scarce. Re/Max says it's safe to assume, however ...