Will this be the Sexiest Development in Etobicoke?


The Hive: Lofts on the Queensway




Symmetery Developments is a boutique real estate development company who develops unique and innovative real estate in the Greater Toronto Area. They are planning a 6 storey condo project on the Queensway in Etobicoke close to the IQ Condos.



The Hive Lofts will consist of 20 units ranging from 523sqft to 1,075sqft. This project will be the first of its kind in the South Etobicoke area along the stretch of Queensway.


The designs of the interior are truly off the charts jaw dropping. You will notice floor to ceiling windows, exposed concrete ceilings, pre-finished wide plank hardwood floors, glass back splash and much much more.


The Hive Lofts looks to continue Symmetries' reputation for developing unique and innovative designs like Linea at Bayview and Sheppard.

I love the design, and welcome it as an addition to Etobicoke's core. We need more developments like this.

What do you think?






 


Humber College 'driving force' behind South Etobicoke revitalization


Humber has invested tens of millions of dollars to purchase or lease and "repurpose" the historic lives of some Lakeshore buildings. How will these projects change the face of real estate in Etobcioke!



FASHIONING A FUTURE

"Fashion victims. People who blindly and stupidly follow a brand without any discernment and without any analysis. As long as it's the latest rage, they buy it without thinking about adopting it for themselves." - Jean-Paul Gauthier.

So begins a Monday morning fashion management class in the new Humber Fashion Institute.

Since November, 175 students take classes in the brightly lit, street-level classroom at the northwest corner of Kipling Avenue and Lake Shore Boulevard West.

Humber converted the two-storey building from its former lives as many different bars and more recently, a swingers club.

Originally, it was the Almont Hotel circa 1890.

"It is the business side of fashion. They're not going to design the product, but they're going to sell it," explained Norma Ouellette, Humber College professor and program coordinator of fashion degrees.

"Coming from the industry, something we always encountered was getting business grads with no fashion background or we'd get fashion grads with no business background."

Humber gives students a foundation in both in its Bachelor of Applied Business - Fashion Management degree.

"It's one of the only degrees built this way," Ouellette said. "Ryerson offers fashion design and fashion journalism, but they're not four years with intensive business study. Our program is fairly unique in the province."

Humber also offers a two-year fashion arts diploma.

Third-year student Mary Amanda Russell won a contest to design the institute's interior display case. A black-and-white photo of Yonge Street in 1950 is the backdrop to a display of fashion memorabilia from the era.

Much of that area of the building is painted in a vibrant raspberry or one of the hottest interior colours of the moment - grey.

"Just walking in here every day, that raspberry colour gives you a lively feeling," said student Jessica Ferrera, who hopes to combine her love of travel with a career as a fashion buyer.

"It's really exciting. We love our new building," said Julia Heming, who wants to become a buyer or go into public relations in the fashion industry.

Read the whole article

Canadian Real Estate Market Update: March 2011

“Education mitigates risk” – Warren Buffett

The foundation of successful real estate investing is education. Without knowing what is happening in your market, it’s tough to make a good investment descision to move forward.

Monthly Real Estate Houseing Figures

Locally the real estate market in Etobicoke is very healthy, in the first two weeks of March Realtors have reported 4,138 sales, this is a 5% decrease compared to the first two weeks in March 2010. New listings have also dipped down 15% compared to the same period in 2010.

These decreases have not affected the Etobicoke real estate market at all. As jobs and incomes keep on a growing, households still have the confidence in thier ability to pay for a home.

Due to very tight inventory in Etobicoke, . Buyers have had to deal with upward pressure on the average selling price. Jason Mercer TREB's Senior Manager of Market Analysis expects growth to be in the 3% to 5% range for 2011.

Read the whole article



Attracting business and residents to Lakeshore in South Etobicoke

Mark Grimes councillour for ward 6 in South Lakeshore just wrote a great article on the planned change for the Lakeshore area. He discusses Mimico 20/20: A Perfect Vision for Our Community and how the community needs to particpate with the change.

Attracting business, residents key to Lakeshore revival

Special to The Etobicoke Guardian

If you live in Ward 6, Etobicoke-Lakeshore, you have no doubt noticed the amazing changes taking place over the last few years.
 
Few wards can boast of a beautiful waterfront as part of their community, but this asset has also posed some of our biggest challenges. For years, a lack of clear vision brought conflicting projects and reduced public access to the waterfront. Over the last 8 years, I have worked with residents, businesses and city staff to revitalize the Lakeshore as a vibrant waterfront community.

One of the first, and most important, steps in this revitalization was to lay the foundation for new growth and investment. I have worked to achieve this through the city's planning process, with the New Toronto Employment District Improvement Plan, the Long Branch Avenue Study, and updates to the Humber Bay Shores design guidelines and precinct plan.

We are also currently beginning phase two of my personal initiative, Mimico 20/20: A Perfect Vision for Our Community. This action plan will implement the local community's vision for the revitalization of their community.

A key component in all of these plans is an increase in business investment. Shortly after I was elected I organized a tour of our area for over 250 successful companies.

Since then I have continually showcased our neighbourhood to businesses, politicians, media and other stakeholders. The result has been over $4 billion in improvements by large corporations, developers, the city and the province. Large scale commercial businesses as well as the Toronto Police College and MasterCard Centre for Hockey Excellence have built state-of-the-art facilities on our brownfields, previously vacant and contaminated sites, and brought employment and prosperity back to our area. Now, Ward 6 is the city's leader in brownfield remediation.

Read the rest of the article

Inside Toronto Reports Young families Buying Real Estate in South Etobicoke

Great little article featured in Insidetoronto.com talking about how young families are buying real estate in the South Etobicoke area. It's proximity to the lake, trails and downtown Toronto are the keys reasons they love this area so much.


AT ISSUE: Lakeshore's new generation moves in.

New to the Lakeshore neighborhood is Jimmie Lee and family, wife Melissa, children six-month old Rianne and three-year old Ava. Little Ava Lee is busy making snake soup from her plastic coloured balls.

It's heady Saturday afternoon fun for the talkative three-year-old.

Ava and her then-unborn, now six-month-old baby sister, Rianne, moved with their parents Melissa, 31 and Jimmie, 36, into their New Toronto red brick two-storey home eight months ago.

Their family poised to grow last summer, the Lees started house-hunting in lakefront Etobicoke. It was familiar territory. Years earlier, the young couple had hunted real estate on the very same streets. They loved its proximity to the lake, nature trails and downtown Toronto where they both work.

At the time, they'd happened to find their first home in a Danforth-Woodbine avenues' neighbourhood.

But they never forgot the tidy homes on large lots on quiet, leafy residential streets less than a 10-minute walk to the lake in Etobicoke.

"We knew this is exactly where we wanted to be," Jimmie says of their Eleventh Street neighbourhood. "We knew we wanted to live on a numbered street south of the Lakeshore...It was very, very important to us that our girls experience the wonder of living so close to the lake."

Their well-maintained New Toronto home had one owner for the past 60 years. It's the story of many Lakeshore-area families. They live in their homes for decades, often for generations.

"We've only been here six months and we know we want to be here for 20 years," Jimmie says. "We recognize the area's potential."

Future transformation of The Lakeshore excites the young couple.

Their thoughts instinctively turn to their two young daughters and the life they envision living as a young family in the neighbourhood.

Once a week, a High Park friend of Melissa's visits with her baby. The moms tote their tots in strollers to Sweet Olenka's chocolate and ice cream shop for a cup of locally renowned Birds and Beans organic coffee.

It's one of few stroller-friendly coffee shops in the area, Melissa reports.
She is keen to see a Starbucks or Second Cup open in the neighbourhood.

"I think there's a lot of potential for the area. I research a lot online for groups and things to do," she says.

Most parks in the area are large, but their play structures small and old, the couple reports.

While lakefront Rotary Park and Rotary Pool is at the foot of their street, it doesn't boast the play groups and parent-supplied sandbox toys of the couple's former east-end neighbourhood park.

"It doesn't even have a park bench, which I found out when I was pregnant last summer and needed to sit down," she says. "It's sad to see the park not being used. The splash pad operated once last year, then it was closed all summer."

Melissa and Ava had a similarly discouraging experience when they visited New Toronto Public Library up the street.

There is no children's centre in the library. Twice, its baby program was cancelled although she recently enrolled Rianne, Melissa reports.

"When we went up to the library, Ava asked: 'Where are all the toys? I want to go home.'"

"Maybe they hide," Ava tells her Mom.

The Lees laud City of Toronto's programs as "excellent value for the cost." They'd just like to see more children and family-focused programs in the area.

The couple regularly heads to Lake Shore Boulevard West for meat from The Village Butcher and dinner at Lee's Thai Spring Roll. Recently, Melissa ordered loot bags online for Ava's third birthday party from The Loot Lady just up the street.

They envision grocers, florists, cheerful boutique restaurants, furnishing stores, family service retailers and athletic stores along the stretch of Lake Shore Boulevard West from Kipling Avenue to Royal York Road.

"Think of Bayview Avenue between Moore and Eglinton; Yonge Street from Eglinton to Lawrence or even closer to home, Bloor Street West between Islington and Royal York as a couple of goals to aspire to," Jimmie says.

Rianne down for a nap, Jimmie readies Ava for her first Leafs' game that night.

"I'm going to the hockey game!" Ava gushes, running upstairs to her bedroom to fetch her tiny grey T-shirt emblazoned with a bright pink maple leaf and the words Toronto Maple Leafs.

"What do we say at the game?" Jimmie asks his toddler.

"Go, Leafs, go!" Ava squeals.





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WANT TO SELL? FOCUS ON THE BIG 4...

Spring is a few weeks away and if you're looking to sell, which in this market you should be, there are some important areas of your home that need to be addressed. Buyers carefully look at these key deciding factors when searching for a home.

So here are the big four items that when in need of repair and when replaced could make the difference between who is sold first and who is left standing:

1) Furnace
2) Air Conditioner
3) Water Heater
4) Roof

Be proactive as buyers undoubtably will be searching for all these four areas to be replaced and in good repair.  The best time to tackle this is when preparing your home for sale. It usually costs more when the buyer's home inspector finds problems than it would cost if replaced before you list your home on the market. These big four items will set you apart from your competition along with the Realtor's marketing strategy.

Until next time, happy house hunting! 

FREE SERVICE FOR BUYERS!! WELL USUALLY...

I wanted to talk about what First Time Home Buyers can expect to pay their Realtor for commission. This is a topic that comes up very often and most First Time Home Buyers think that when they get started in the home buying process that they need to pay someone, but that's not necessarily the case, well usually...

The majority of the time, and I mean 99.9% of the time, sellers pay both ends of the transaction. By both ends I'm referring to (a) the listing brokerage who is selling the property and (b) the buyer brokerage who is bringing the buyer. From the proceeds of the sale the sellers will compensate both brokerages for their service.

So essentially what this means is that the buyer is enlisting the service of a Professional for months, sometimes years at a time for absolutely FREE, yes you heard right FREE! FREE! FREE!  Now where in the world does a service like this exist!

Now a word of caution ... when you finally find a home that you would like to purchase your Realtor will have you sign what is called a (BRA), which stands for Buyer Representation Agreement. This agreement is used to establish a representation or agency relationship so that your Realtor has an obligation to you as the client.  In this agreement it states that if you the buyer purchase a home within a certain time frame and within a geographical location, the Realtor is to be compensated for their service. Here is a word of caution ... if the agreement states that the Realtor is to be compensated 2.5% of the purchase price (which in the GTA is the norm), and the seller only pays a 2.0% commission, you as the buyer may be on the hook to come up with the additional 0.5%.
 
So please make sure that you read everything you sign!  Ask many questions and keep the lines of communication open and upfront.

Until next time, happy house hunting.

Good Time To Buy?

This is a question that is asked by everyone I meet, wherever I go. The current market environment has everyone guessing whether now is the right time to buy...

I've noticed an increase of pressure for home buyers in the last year or so telling them that now is a good time to buy real estate. Is this message universal for everyone?

Here are some of the frustrations current buyers face when pressured by pushy Realtors: Do you know my situation? Do you know how much money I have in the bank? Do you know how long I plan to be in this house? What if I can’t find the right house in the right neighborhood for what I feel is the right price? What if I think I may lose my job, have no savings, or plan to move in 6 months anyway? Is it still a good time to buy?

Here are my thoughts ... First look at your individual situation and focus on the key drivers: affordability, location, mortgage rates, housing prices and market conditions.  Secondly, entrust a Realtor that can easily breakdown the complexity involved in Real Estate.  Thirdly, if you feel comfortable with your financial situation and find a house that you love and that you can afford, then go for it!

I’m obviously an advocate of homeownership, or else I wouldn’t do what I do! However real estate is individual, not national. 

If you need a step in the right direction and would like to determine a balanced plan of action, feel free to contact me at 416.602.9909.

Until next time, happy house hunting!

IQ CONDOS- ISLINGTON & QUEENSWAY

I was at the launch of the IQ Condos March 2,2011. The sales center was completely full with no walking room. We were told that today's launch was for the West Building with offers starting on March 3rd. If you looking for a investment in South Etobicoke, these exclusive V.I.P prices are a great start. Prices start at $190,000 and go as high as $381,900. Units range in size from 465sqft to 901sqft. Suite features include 9ft ceilings, engineered hardwood floors, granite countertops, marble countertops with undermount sinks in master ensuite, under cabinet task lighting, four stainless steel appliances. This is a great opportunity to buy phase 1 of a 7 condo project.



IQ Condos- ISLINGTON AND QUEENSWAY

















Video of the Block that The Remington Group purchased to built a 7 condo project.