Etobicoke Home Buzz

Will this be the Sexiest Development in Etobicoke?

2011-03-16T16:11:00.000-07:00

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

2011-03-16T12:49:00.000-07:00

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

2011-03-16T12:05:00.000-07:00

“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

2011-03-16T11:16:00.000-07:00

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

2011-03-16T11:08:00.000-07:00

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.

.

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

2011-03-14T20:47:00.001-07:00

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...

2011-03-14T20:47:00.000-07:00

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?

2011-03-14T10:52:00.000-07:00

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

2011-03-03T07:45:00.000-08:00

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.

Etobicoke Real Estate Week in Review- Feb 13-19 2011

2011-02-23T07:50:00.000-08:00

February has seen cold weather and lots of snow which hasn't slowed the pace of real estate in Etobicoke. There were 100 new listings of homes and condos that hit the market for the week of Feb 13-19 2011, which is another record for the year. There were only 13 price reductions and a record 52 sales for the week.

As talks of the variable rate creeping up next month, buyers are eating up all the good inventory that comes on the market.
Now is the time to be thinking about speaking to your Realtor about preparing your home for the spring market. This prep time might take a couple of weeks, maybe even months. If your thinking about selling your home for the great spring market ahead, what you do in the next couple weeks will set you apart from your competition. We can help you determine which improvements not to make and show you how to sell your house in less than 24 hours!

New Listings: 100
Price Changes: 13
Home and Condo Sales: 52
Total Sales for the Year: 218

Consider the 'Bank of You' for your first mortgage

2011-02-23T06:48:00.001-08:00

Rahim Jiwani started saving for retirement as a teen, when his father got him started with an RRSP and, initially, helped to make regular deposits into it.

Seven years ago, when Mr. Jiwani, now 37, decided it was time to buy a condominium in downtown Hamilton, Ont., he took advantage of the Home Buyer’s Plan to withdraw money from his RRSP to put toward the down payment.

“It was a good thing to do,” says Mr. Jiwani, a financial adviser with Investors Group in Mississauga, Ont. “You have 15 years to pay it back, and you can use money you would have borrowed (from the bank) for the down payment or to buy furniture or to set up a household emergency fund.”

The plan allows an eligible individual to remove up to $25,000 from their RRSP on a tax-free basis to buy or build a first home. A person’s spouse can also withdraw up to $25,000 to put toward the purchase. That combined $50,000 can help couples cobble together a large enough down payment to avoid having to pay Canada Mortgage and Housing Corporation insurance, and is one of the attractions of going this route to finance a first home.

To be eligible for the plan, you must have a written agreement to buy or build a home that will be your primary place of residence, according to the Canada Revenue Agency website. Disabled people and those who support them (such as their parents) can participate in the plan without having to qualify as a first-time buyer.

The money must be fully repaid into your RRSP within 15 years, with the repayment period starting the second year following the year you made the withdrawal. Each year you would pay back at least 1/15th of the total amount you withdrew until it is repaid in full. Accelerated repayments are allowed, so you can replenish your RRSP faster than that if you wish.

The Tax Hit

Beware: If you don’t repay the amount that is due for a given year, the government counts it as part of your income that year and taxes it accordingly.

Some people opt not to repay the money and take the tax hit. Financial planner Sharon Rizzuto, with Burgeonvest Bick Securities Ltd. in Grimsby, Ont., says this sometimes happens in situations where, for example, one partner withdraws money from the RRSP to help finance a home purchase knowing that he or she is going to be a stay-at-home parent with little or no income. So the tax consequences of not repaying it in a given year are going to be minimal.

One other rule is that the money you withdraw must have been paid into your RRSP at least 90 days before you can withdraw it. Mr. Jiwani says this feature makes it an attractive option for anyone who knows they’re going to be buying a home in the near future. “If you’re going to be using that money for a down payment anyway, you can put it in an RRSP and get a tax deduction for the amount,” and then take it out again after 90 days to put toward the down payment. Then you can use the money you get back from the tax refund to pay down your mortgage or to repay the RRSP withdrawal, he says.

Read more: http://www.theglobeandmail.com/globe-investor/personal-finance/rrsp/consider-the-bank-of-you-for-your-first-mortgage/article1916362/print/

GTA home prices rise as sales fall: TREB

2011-02-22T11:30:00.000-08:00

GTA home prices rise as sales fall: TREB

While the number of transactions declined compared to last year, home prices in the Greater Toronto Area actually increased slightly.

The Toronto Real Estate Board (TREB) reported 3,084 sales during the first two weeks of February 2011 – a 13 per cent decrease compared to the first two weeks of February 2010.

“We are on pace for a strong sales result in February, but transactions will come in lower than the record result reported last February. Sales remain strong because the GTA resale market contains a diversity of housing types catering to a wide array of home ownership needs,” said TREB president Bill Johnston.

The average price for transactions during the first 14 days of February was $451,257, representing a five per cent increase compared to the first two weeks of February 2010.

“Average selling price growth for existing homes is expected to range between three and five per cent this year. Tighter market conditions over the last four months have pushed price growth to the top end of this range,” said Jason Mercer, TREB’s senior manager of market analysis.

Deepak Bansal, mortgage broker with The Mortgage Practice (Verico) in Mississauga, ON said February is usually one of the slowest months for purchase transactions, but this year has been the busiest one for him in nearly two years.

“From what I am seeing, homes are selling quickly in my area. February has been a busy month for me, primarily with mortgage closings for resale home purchases. With recent news of mortgage interest rates on the rise, I feel people are rushing to purchase while rates are low.”

Sales of detached homes in the GTA fell 17 per cent, while average prices climbed seven per cent. Semi-detached home sales dropped by 11 per cent, with prices going up by six per cent, and condo sales saw a drop of five per cent and a price increase of five per cent. Townhomes sales fell 16 per cent, while the average price was unchanged from a year ago.

Read more:
http://www.mortgagebrokernews.ca/news/gta-home-prices-rise-as-sales-fall-treb/76128

GTA Mid-Month February Resale Housing Market Figures

2011-02-22T11:19:00.000-08:00

TORONTO, February 17, 2011 -- Greater Toronto REALTORS® reported 3,084 sales during the first two
weeks of February 2011 – a 13 per cent decrease compared to the first two weeks of February 2010.
"We are on pace for a strong sales result in February, but transactions will come in lower than the record
result reported last February. Sales remain strong because the GTA resale market contains a diversity of
housing types catering to a wide array of home ownership needs," said Toronto Real Estate Board
(TREB) President Bill Johnston.
The average price for transactions during the first 14 days of February was $451,257, representing a five
per cent increase compared to the first two weeks of February 2010.
"Average selling price growth for existing homes is expected to range between three and five per cent this
year. Tighter market conditions over the last four months have pushed price growth to the top end of this
range," said Jason Mercer, TREB's Senior Manager of Market Analysis.

Read more: http://communications3.torontomls.net/newstand/news/2011/mn1102/pdf/nr_mid_month_0211.pdf

House prices to match inflation: CMHC

2011-02-22T08:00:00.001-08:00

Canadian house prices will move in line with inflation for the next two years, Canada Mortgage and Housing Corp. said in its first quarter market outlook.

The report is the third from a major market forecaster in the last week. The Canadian Real Estate Association and Royal Bank of Canada also predicted small gains through 2011 and 2012.

Read more: http://www.theglobeandmail.com/report-on-business/economy/housing/house-prices-to-match-inflation-cmhc/article1911146/

Though I'd post an email about home buying

2011-02-19T11:54:00.000-08:00

After you get an offer acceptance…I will probably send you an email that looks kinda like this… Not so bad, right??

Mutual acceptance was yesterday. Today is day one.

1. You have Five business days to get your inspection response back, which would end up being next Monday, the 10th. You should set that up for one day next week. I have to be there, and you should be there. I can probably block out any time M-F next week that you can do it. During daylight is better, but if it has to be after you get off work, that’s fine too. Tom is my favorite inspector and I’ve used him many times now. I’m giving you 3 names (in a separate email), and you can use whoever you want, on the list or not.

2. Be ready to have your Deposit Chque by Monday. Of course that will go towards your down payment at closing, and you will get it back if you decide based on your inspection, financing, whatever that you don’t want it anymore.

3. You have Five days to go see your mortgage broker and complete the last details of your mortgage approval by Monday the 10th, I've already sent him the offer. He should have everything complete when you meet on Thursday.

After all that stuff is out of the way, it’s just gonna be getting your financing figured out, the appraisal, and waiting. Again, congrats!

Save save save!!!!! And do NOT open any credit cards!!

your experience as a first time homebuyer

2011-02-19T11:44:00.000-08:00

Being a first time home buyer is challenging. One of my favorite things to do is help a nervous, excited, and not knowing what to expect first time home buyer become a homeowner. It can be a stressful process, but it’s worth it in the end.

I’m proud of this couple who moved into their South Etobicoke Condo almost a year ago and have loved their first year. I was notified of this little tid bit from one of them the other day on my my webpage:

"We have already recommended Derek to a few of our friends. He was extremely helpful to us (first time home buyers). All of the condos he showed us, we loved and we had decided on ‘the one’ after a year of looking. He has a knack for knowing what the customer wants. Derek was extremely helpful and I was very pleased with his work. Highly recommended!”

Thanks for taking the time to write that Rae!!

Living in Etobicoke: Woody's Burgers bar and grill

2011-02-19T10:49:00.000-08:00

If you in South Etobicoke and looking for a great place to find the juciest burger in town, then I recommed coming to Woody's Burgers bar and grill in Longbranch. Located at 3795 Lakeshore Blvd this burger place is impossible to miss. Keep your windows down and let your nose to the navigation. The wood burning grill can be smelled from miles away. This is one of my favorite places to eat in Longbranch, try my favorite: the Greek Beef Burger, topped with feta cheese, red pepper, fresh cucumber, tomato and tzatziki. You will also find great pulled pork sandwitches and a all day breakfeast.

Menu
Website

One Sherway Condo: My Favorite Pictures

2011-02-18T16:09:00.001-08:00

One Sherway Condo is one of my favorites residential buildings in South Etobicoke. I thought I would give you a peak of some of my favorite snapshots that I took on one of my viewings earlier this week.

The three photos below are of the front lobby which is infused with marble and wood accents. The lobby , in my opinion is one of the nicest in the area, with modern clean lines and a cool lux feel. The designer was able to produce a water style affect with the use of glass and plastic materials. The lobby breaks into two parts, on the east side you will find tower 225 and on the west tower 335.

One Sherway Condo Lobby

One Sherway Condos

2011-02-18T15:30:00.000-08:00

I love South Etobiocke Condos – especially One Sherway Condos located by Sherway Gardens. In each building you find a little taste of great design and a great use of cool finishs.

Built by Great Gullf Homes in partnership with Menkes Developments, One Sherway is rapidly changing the area of Alderwood. Designed by Page + Steele Architects and Planners the four scheduled towers will be a great addition to this part of South Etobicoke. Mike Niven from Mike Niven Interior Design created a contemporary lobby complete with 24 hour concierge.

Just steps away from Sherway Gardens Mall and the QEW, One Sherway is definatly a condo building you should think about if your looking to buy a condo in South Etobicoke.

Colonel Sam Smith Park- Leash Free Dog Park

2011-02-15T10:06:00.000-08:00

Did you know that Colonel Samuel Smith Park has a leash free dog park located next to the new ice rink trail. This leash free dog park is located on Kipling and South Lakeshore. Fully fenced this dog park is open from 6:00 am to 11:59pm every day. There's plenty of open space to run and play with your dog and get to know some cool dog breeds . Many people make their way here from other neighbourhoods but most of the local residents here love to chat and Pawty. So get out and enjoy living in Etobicoke.

Samuel Smith Park Ice Rink Trail

2011-02-04T12:39:00.000-08:00

Etobicoke's Newest Skating Trail

Samuel Smith Park Ice Trail is located just south of Kipling and Lakeshore the newest gift that the city has given the residents of Etobicoke. This Trail is next to the Power House Recreational Centre. There is absolutely no cost to skate here and it's open from 7am to 10pm. The park is wonderfully configured as a figure eight ice park, not your conventional rectangle. This is a great place to take your kids or your significant other, enjoy and listen to some good music.

TOUGHER MORTGAGE RULES

2011-02-04T08:43:00.000-08:00

How does this affect you?
So we all woke up Monday morning in January to discover that Jim Flaherty added three new mortgage rules to the way that Canadians can borrow money. These changes came as concern issed by the Bank of Canada that Canadian household debt levels were reaching all time highs.
These are the 3 changes that will affect every Canadian from March 18, 2011 going forward.

1)Reduce amortization period from 35 to 30 years. yes it will become more expensive to finance your home purchase, but in perspective if you have a $300,000 mortgage at a 5yr fixed rate the difference in payment will only be $100. If $100 is enough of a difference for you to no longer afford your home, then maybe you are buying something you can't afford. This rule won't have a overall impact on the market.

2) Maximize amount Canadians can refinance from 90% down to 85% of the value of the house. Directed at preventing homeowners from using their homes as ATM. No impact on the real estate market.

3) No longer insuring Home Equity Lines of credit(HELOC). Canadians were using these credit lines as ATM which is the biggest concern for the government. No impact on the real estate market, direct to current homeowners.

With talks of a rate hike in February and March and the new change in the mortgage rules me may see a surge in activity that should of been a very slow time in the year for real estate.
The best thing do to going forward is to call your Realtor or bank and have then lock in a rate if you're looking to purchase in the next 120 days.

Etobicoke Real Estate Week in Review Jan 16-22 2011

2011-01-31T18:10:00.000-08:00

Derek Cardona video blogs about the week of January 16 to January 22, 2011 in the Etobicoke real estate including the area of The kingsway, The queensway, Humber Bay, Mimico, Longbranch, New Toronto, Alderwood, Sunnylea, Islington Village, Humber Valley Village, Princess Anne Manor, West Deane Park. If you want to voice your opinion please email Derek Cardona at dcardona@derekcardona.com visit http://www.derekcardona.com for all the Derek Cardona videos.

Etobicoke Real Estate Market Week in Review Jan 9, 2011

2011-01-18T14:03:00.000-08:00

Derek Cardona video blogs about the week january 9 to january 15 2011 in Etobicoke Real Estate Market including areas of kingsway, The queensway-stonegate, Humber bay, Sunnylea, Mimico, Longbranch, New Toronto, Alderwood, Humbervalley village, Islington Village, Eatonville, Princess Anne Manor. If you have any questions please email dcardona@derekcardona.com and visit www.derekcardona.com for all of Derek Cardona Real Estate Video Blogs.

Treb condo commentary_q2_2010

2010-09-07T10:22:00.001-07:00

Check out this SlideShare Presentation:

Treb condo commentary_q2_2010

View more presentations from Derek Cardona.

Treb housing market_charts_august_2010

2010-09-07T10:15:00.001-07:00

Check out this SlideShare Presentation:

Treb housing market_charts_august_2010

View more presentations from Derek Cardona.

Home Tour September 2, 2010

2010-09-02T18:40:00.000-07:00

I view Toronto Real Estate homes on a daily basis. Today I was in the Humber Bay neighbourhood of Etobicoke. Minutes from Downtown Toronto, lake Ontario and QEW you will find a hot spot for Townhomes and Condos. I made my way to Brussels Street and Chime Lane were I found some great layouts, cool designs and the nicest baby seat I have ever laid eyes on.

See MAP of Toronto homes

Real Estate Tour August 30th

2010-08-31T10:22:00.000-07:00

Bloor West Village

Monday morning started off again in the Bloor West Village neighbourhood of West Toronto. I met with a client in High park and viewed a nice townhome. Also, over the weekend, I visited the neighbourhoods of Mimico, Longbranch, Humber bay and New Toronto all in South Etobicoke.
To see all active real estate in South Etobicoke click here.

CLIFF LUMSDON PARK- SOUTH LAKESHORE

2010-08-30T07:48:00.000-07:00

Today I took a mid day break at Cliff Lumsdon Park in the South Lakeshore area to plan my week and take in the beautiful views of the city. This park is truly a great place to relax and gather your thoughts.

You won't find playgrounds, swings or sandboxes, just pure green open space to walk, think and listen to your ipod. If your in the New Toronto, Lakeshore Village area why not make your way down to Cliff Lumsdon Park for a mid day stroll.

Youtube Video:http://www.derekcardona.com/4a_custpage_76046.html

Website: http://www.newtorontohistorical.com/Cliff%20Lumsdon%20Park.htm

Summer Market Commentary 2010

2010-08-24T19:25:00.000-07:00

As consumers become bombarded with news headlines, with stories of an economic downturn in the market. We are faced to provide clarity to our clients and consumers in the market place. As the usual slower summer months start to unfold, the constant fear of interest rate hikes and the HST with be a constant struggle for people to over come.

People need to be aware of consumer confidence in the market place and how this fundamental plays a curcial role in our market. I believe the over night lending rate which affects the variable mortgage rate is going to stay put given the current forcast on inflation in 2010 and 2011. This should provide confidence in the market going forward as home affordability remains strong.

Great Townhouses In South Etobicoke

2010-08-24T13:51:00.000-07:00

Derek showcases a great townhome subdivision in the heart of South Etobicoke, at Evans and QEW. If you're seeking the action of a city but the living space of a suburb, then consider taking a look at these gorgeous townhomes ... You can expect to find beautiful brick and stone exteriors, lush landscaping, stunning open concept living, upgraded kitchens and baths, grand master suites with juilet balconies and much much more. Check out the video for more details:

August Mid-Month Resale Housing Figures

2010-08-24T08:12:00.000-07:00

Greater Toronto REALTORS® reported 2,732 sales
through the Multiple Listing Service® (MLS®) during the first two weeks of
August 2010.
This represented a 29 per cent decrease compared to the 3,832 sales
recorded during the same period in 2009. New listings, at 4,770 were down
eight per cent compared to the first two weeks of August 2009.
“Throughout the better part of the last year, the number of monthly sales
was well above the expected long-term trend. Accordingly, it makes sense
that the number of transactions has dipped over the past few months in
comparison to last year’s record results,” said Toronto Real Estate Board
President Bill Johnston.
The average price for August mid-month transactions was $412,934 – up
eight per cent compared to the average of $383,796 recorded during the
first 14 days of August 2009.
“We have seen a sufficient number of buyers relative to sellers over the
summer months to support continued year-over-year price growth in the
GTA,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

Sherway Framer's Market

2010-08-13T14:55:00.000-07:00

Like any other Friday morning, today I made my usual trek down to the Sherway Farmer's Market. As one of the best market's in South Etobicoke you should mark your calendars and plan to visit the Sherway Farmers' Market as part of your Friday morning outing. Operating from 8am until 2pm (rain or shine) every Friday from May 7th through October 29th. The selection of items varies as the local crops become available - starting with greenhouse veggies and bedding plants - as well as breads, meats, eggs and more, available throughout the season.
Website: http://www.sherwaymarket.com/

Rennie Park- Swansea

2010-08-12T09:07:00.000-07:00

Ah, beautiful day in the park. If you live in the Swansea neighbourhood you most likely know about Rennie Park. If you don't, allow me to introduce you. Rennie Park is a desceptive little park. Nestled amongst the beautiful homes off Morningside and Runnymede in the Swansea area. Your greeted by the usual family-freindly park affair, a play ground, kiddie pool, tennis courts and plently of open grassy areas to play in. In the winter months enjoy Rennie Rink and a great hill near Swansea school for some great tobogganing in West Toronto. So come down, walk and explore your community.

Villa Restaurant- Bloor West

2010-08-11T09:24:00.000-07:00

Are you in Bloor West and craving some great pizza or pasta? Why not stop into Villa Restaurant for some gourmet Pizza. The menu is filled with great choices that should satisfiy your taste buds. Villa is the perfect spot for lunch, dinner or weekend brunch with family or friends.
Villa specializes in gourmet pizzas, pepared in wood burning ovens and great pastas, main courses and salads, all complimented by a fabulous wine list selected to perfectly enchance the menu.

Villa is chic yet casual, family appropriate yet contemporary in design. Light coloured floors and creamy walls contrast beautifully with modern ultra suede tan banquets and dark expresso wood furniture.

Website: http://www.villarestaurant.ca/main2.html
Location: 2277 Bloor Street West

7th Annual Lakeshore Mardi Gras

2010-08-10T22:46:00.000-07:00

The 7th Annual Lakeshore Mardi Gras celebration takes place this weekend in Colonel Samuel Smith Park. Entertained by the local community, this party is fit for singles, couples and families who enjoy the refreshing open-air ambience of a natural park setting in the heart of the beautiful Lakeshore community. Taking place over a three-day period from August 13th to 15th, the community-based event draws its inspiration from the world famous Mardi Gras held annually in New Orleans.

Last year the event was a huge success and this year promises to be bigger and better with a few surprises.

Participants will be able to sample a wide variety of cuisines, while enjoying Dixie, Jazz and Blues bands in one of the largest most beautiful parks in Toronto, Colonel Samuel Smith Park, on the historic Lakeshore Grounds.

Live music will play on the main stage and buskers will perform dazzling displays of entertainment.

There will also be a kid's zone, interactive games, and food vendors, a midway, and market vendors offering arts and crafts. Come on down and explore our commuinty.

Website: http://www.lakeshoremardigras.ca

Toronto Area REALTORS® Report Monthly Resale Housing Figures for July 2010

2010-08-05T18:18:00.000-07:00

Sales and New Listings Down, Average Price up in JulyAugust 5, 2010

Greater Toronto REALTORS® reported 6,564 sales in July – a 34 per cent dip from the record 9,967 sales reported in July 2009. New listings, at 10,825, dropped to the lowest level for the month of July since 2002."The level of July sales remained below the expected long-term trend. The market has become more balanced following record monthly sales through most of the winter and early spring," said Toronto Real Estate Board (TREB) President Bill Johnston.Total sales through the first seven months of 2010 were up 12 per cent compared to the same period in 2009.Notwithstanding the fact that price trends vary at the neighbourhood level in GTA, the average price for July transactions was $420,482, representing a six per cent increase over July 2009. Over the first seven months of 2010, the average selling price was up 12 per cent annually to $432,253."Market conditions promoting growth in the average selling price have remained in place. While July sales were down compared to last year, the number of new listings in the marketplace also fell. This means there was enough competition between buyers to exert upward pressure on price," said Jason Mercer, TREB's Senior Manager of Market Analysis.Median PriceIn July, the median price was $361,000, from the $339,900 recorded during July of 2009.

INTEREST RATES EXPECTED TO HOLD THROUGH JULY: EXPERTS

2010-08-05T06:22:00.001-07:00

A panel of financial experts believes that variable mortgage rates will stay level while fixed mortgage rates could fluctuate slightly through july.

RateSupermarket.ca an independent mortgage rate comparison website, says in the Mortgage Rate Outlook Panel for July 2010 that global economic uncertainty may dampen consumer confidence and cause Canadians additional stress during the summer months, but is also means the Bank of Canada likely would not increase mortgage rates on July 20.
(At press time, on July 20, the Bank of Canada announced it was to raise it's benchmark poilcy rate by 25 basis points to .75 per cent)

FIXED MORTGAGE RATES: UNCHANGED
The panel believes fixed mortgage rates could fluctuate by +/-.10 per cent in July but will effectively stay where they are for the time being.
The Bank of Canada's next Monetary Policy Report is due on July 22, and this should give a better indication of the level of uncertainly in the market. A strong demand for residential mortgages by lenders is also stated as a key driver for keeping fixed rates level.

VARIABLE MORTGAGE RATES: UNCHANGED
The panels also expects the Bank of Canada to sit right at the next interest rate meeting at the end of July. Given an expected dip in Canadian consumer spending, widespread unemployment in the US and Europe, global fears of deflation and debt levels that are threatening to put whole countries out of business, there's just too much going on to justify a rate increae.
In this environment, panel members say, the Bank of Canada would be unlikely to increase interest rates in July, so variable mortgage rates should remain unchanged.

Source: www.hometrader.ca

Toronto Real Estate Board Housing Market Charts For July 2010

2010-08-03T19:01:00.000-07:00

Treb housing market_charts_july_2010

View more presentations from Derek Cardona.

Property Tax Due Aug 3 2010

2010-07-29T18:30:00.000-07:00

If you own a home or condo in the Etobicoke-Toronto area your second property tax installment for 2010 is due August 3, 2010. You can make a payment at your local bank branch, on-line at the comfort of your home or you can visit The Etobicoke Civic Centre at 399 The West Mall. If you have any questions you can email Derek at dcardona@derekcardona.com.

Bloor Street Festival

2010-07-20T22:28:00.000-07:00

The Bloor Street Festival is here once again on Saturday July 24/2010. The festival starts at 1pm until 9pm. It's sure to be filled with local performers, great food and local artists. Come and join the fun!

Website: http://www.newbloorfestival.com
When: Saturday July 24, 2010 1-9pm

Derek Cardona discusses July Mid Month Review

2010-07-15T06:53:00.000-07:00

TORONTO HOUSING CHARTS MARCH 2010

2010-04-07T13:03:00.000-07:00

Toronto Housing Market Charts March 2010

NEW LISTING AT SOLSTICE CONDOS

2010-04-07T12:59:00.000-07:00

Visit http://www.derekcardona.com/ for more info regarding this listing.

GTA REALTORS® Report December Mid-Month Resale Housing Market Figures

2009-12-17T08:12:00.000-08:00

These numbers are soming to talk about!
GTA REALTORS® Report December Mid-Month Resale Housing Market Figures
TORONTO, December 17, 2009 - Greater Toronto REALTORS reported 3,079 existing home
transactions in the first two weeks of December compared to 1,487 in 2008. The strong
growth represents both increased home ownership demand and the fact that we are
comparing the recovery phase of the sales cycle this December with the contraction
phase experienced last winter Year-to-date sales, at 84,888, were up 16 per cent compared to the same period last year and have moved in line with the healthy levels experienced in the 2004 through 2006 period. "We experienced a very strong and broad based recovery in the second half of 2009," said Toronto Real Estate Board President Tom Lebour. "The rebound in the housing sector speaks to the confidence that households have in overall economic recovery.” The average resale home price during the first two weeks of December rose 17 per cent to $423,103. The year-to-date average was $395,411, up four per cent compared to the same period in 2008.
“The double-digit price growth we have experienced since September will continue
through the first quarter of 2010. Average price growth will move to a sustainable pace in the spring as listings increase," according to Jason Mercer, TREB's Senior Manager of Market Analysis.

NEW TREB Housing Market Charts!

2009-12-04T10:47:00.001-08:00

Take a look at the new Toronto Real Estate Boards Chart comparing 3 Year MLS sales.
Do you think this is a bubbling of the market or just smoke and mirrors caused by the Bank of Canada Stimulus? The truth to the matter is that by comparing the GTA economic indictaors we have a slump still going on in the market. Don't beleive every thing you read.

One Park Tower For Lease

2009-11-19T17:58:00.000-08:00

Condo For Lease $1300

Stunning One Park Tower An Icon Of Luxury, Modern, And Sophistication- The City's Tallest Residential Landmark Tower, Rarely Offered 1 Bed, 1 Bath Suite. Equipped With Gorgeous Hardwood Floors, Stainless Steel Appliances, Granite Counters, 9Ft Ceiling, Mirrrored Backsplah, Aquatic Center, 24 Hr Concierge, Virtual Golf, Sunset View And Much Much More! Walk To Go Transit, Square One, Buses And The Heart Of The City. See It To Believe It!

GTA REALTORS® Report Mid-Month Resale Housing Market Figures

2009-11-19T17:56:00.001-08:00

TORONTO, November 18, 2009 - In the first two weeks of November, Greater Toronto REALTORS® reported 3,666 sales – up 84 per cent compared to the first two weeks of November 2008. The average price for these transactions was up 10 per cent year-overyear to $415,066. Increased interest in ownership housing has been widespread throughout the GTA and across all housing types,” said Toronto Real Estate Board President Tom Lebour. “However, it is important to point out that we are now making comparisons to the fall of 2008 when we experienced a marked decline in sales and average price” Year-to-date sales, at 78,233 are up 11 per cent compared to 2008. Average price, at $393,180, is up by three per cent. “Sales and average price in the GTA this winter will be well above levels reported throughout the fourth quarter of 2008 and the first quarter of 2009," according to Jason Mercer, TREB's Senior Manager of Market Analysis.

TREB Reports Strong Growth in October MLS Transactions

2009-11-13T11:22:00.000-08:00

TORONTO, November 4, 2009 - In October 2009, Greater Toronto REALTORS® reported
8,476 sales, up 64 per cent from October 2008. The average price for October
transactions was $423,559 – up by 20 per cent compared to the same month last year.
"Strong sales growth has occurred across many property classes – from price ranges
that would attract first-time buyers to luxury properties selling for over one million dollars," said TREB President Tom Lebour. “The highest rate of sales growth in October was experienced for properties selling for over $750,000. In contrast, luxury home sales declined at an above-average rate last year.” Year-to-date sales, at 74,721, were up nine per cent compared to the first ten months of 2008. Average price, at $392,264 was up by almost three per cent. "After a short dip in the winter, the average home price in the GTA has rebounded because sales have been high relative to listings," according to Jason Mercer, TREB's Senior Manager of Market Analysis. “Watch for listings to rebound in 2010 as home owners react to the strong sales and price growth experienced in the latter half of this year.”

Source: Toronto Real Estate Board

GTA Housing Market Rebound Continues in September

2009-10-05T20:51:00.000-07:00

In September 2009, Greater Toronto Realtors reported 8,196 sales, up 28 per cent from September 2008. The average price for September transactions was $406,877 – up by 10 per cent compared to the same month last year.
“We have experienced an increasing rate of existing home price growth in the GTA as sales have continued outpace 2008 results,” said TREB President Tom Lebour. “Consumers have remained confident in ownership housing as a long-term investment.” Year-to-date sales, at 66,437 were up 4.5 per cent compared to the first nine months of 2008. Average price, at $388,417 was up by almost 1.5 per cent.
“Existing home sales will finish strong this year, pushing through the 80,000 mark and moving in line with some of the best years on record under the current TREB market area,” according to Jason Mercer, TREB’s Senior Manager of Market Analysis.

Median Price
In September, the median price was $347,000, up from the $322,000 recorded during September of 2008.
Source: Toronto Real Estate Board - Market Watch Report »

Charcoal Way Brochure

2009-10-04T08:04:00.000-07:00

Presenting 96 Charcoal Way

Halloween Glamour Wreath

2009-10-04T07:27:00.000-07:00

Black feathers are a great tool for giving your space a Gothic glam vibe. Hang this wreath over a mantel, on top of a mirror or on the inside of your front door. You can also create the same affect using feather boas. Abbott Collection $35 Call 1-800-263-2955 for details.
House and Home magazine

DIY Painted Wood Headboard

2009-10-04T07:08:00.000-07:00

I'm always looking for new and cost effective ways to enhance the look of my properties. My daily travels to the thrift store, furniture liquidation sales, auctions and garage sales have become a important faucet of my staging business. Take a look at this DIY project from House and Home, every great bedroom needs a great headboard.

Click the link below for the full DIY project.
http://www.houseandhome.com/design/diy-painted-wood-headboard

Final Business Card

2009-10-03T23:30:00.000-07:00

I wanted to stand out from the crowd..... So I decided to take the standard real estate business card look to the next level. As this business consistency changes, so does our style. With style in mind, the backdrop couldn't be any better -thank you to Roger and Jen for there generosity. I need to thank my wonderful photographer Julian Moniz for doing a amazing job. For those of you looking for the best there is in photography check out julianmoniz.blogspot.com.

Sneak Peak

2009-10-03T22:15:00.000-07:00

Coming to an MLS near you ....