Thursday, June 25, 2009

900 Mount Pleasant Road Unit 1108 - SOLD Over Asking


A Fantastic One Bedroom Condo In Desirable North Toronto. An Exceptional Eastern View Of The Neighbourhood From The 80 Sq Ft Balcony! This Bright, Cozy Condo Is Steps From Sherwood Park, TTC, Restaurants, Cafes, Entertainment And Shops. See the virtual tour!

Gas Bbq Hookup On Balcony, Stainless Steel Fridge, Stove, Dishwasher, Microwave. Stacked Washer/Dryer. 24 Hr Concierge; Owned Parking Space And Locker. Exercise Room Rec Room, Guest Suite, Visitor Parking, 2 Walk Outs To The Balcony.

More information: 900 Mount Pleasant Road Unit 1108

Wednesday, June 10, 2009

Housing Starts Are Up

Canadian housing starts rose 9.2 percent in May, slightly better than expected, and was broadly based and encompassed both single and multiple segments, the Canada Mortgage and Housing Corp (CMHC) said on Monday. New home construction rose to a seasonally adjusted annual rate of 128,400 units in May from 117,600 units units in April, CMHC said.

The number of starts in May beat analysts' consensus expectations of 125,300 starts.

The seasonally adjusted annual rate of urban starts rose 11.1 percent to 107,800 units in May. Urban multiple starts rose to 60,900 units, while urban single starts climbed to 46,900 units in May.

The seasonally adjusted annual rate of urban starts in May rose 22 percent in Ontario, 16.8 percent in the Prairies, 7.3 percent in Atlantic Canada and 3.3 percent in Quebec.

Urban starts declined 5 percent in British Columbia.

CMHC said housing starts are expected to improve throughout 2009 and over the next several years to "become more closely aligned to demographic demand," which is currently estimated at about 175,000 units per year.

Wednesday, June 3, 2009

Muskoka Cottages

Muskoka is a fantastic area just two hours north of Toronto. It is a region that attracts movie stars, pro athletes, business people and a place where families can gather away from the hustle and bustle of city life. Me and my family have had cottages in the Township of Muskoka Lakes for decades. There is nothing more that I look forward to in the summer but to sit at the end of the dock and unwind.

There are still many great areas that have a lot of investment upside. If you are looking to buy or sell a cottage in Muskoka, Ontario I would be happy to point you in the right direction of a great realtor. Please call me at 416-519-4040 or email me at ryan@mydreamtorontohome.com

Sunday, May 31, 2009

Rusholme Road Mansion Is Up For Sale!

There aren't many of these great mansion that come available! But, there is a listing out right now for over a million. I'm expecting multiples on this house.

There are so few Rusholme homes that come up for sale on the block south of Hepbourne in Dufferin Grove.

Wednesday, May 27, 2009

From The Desk Of Brad J Lamb

Now it isn't everyday I post something written by a competitor however, I thought this article written in one of his newsletter's a few months ago worthy of a post...

TORONTO IS THE BEST PLACE IN THE WORLD TO BUY REAL ESTATE
Brad J. Lamb Realty Newsletter, January 2009

CANADA IS FINALLY GETTING ITS DUE.
TORONTO IS FINALLY GETTING ITS DUE.

Who could argue that Toronto is the best place in the world to invest in real estate?

What do I mean by that? Simply this - for safety of capital and future appreciation, where else in the world could be better?

Looking at Canada, Toronto has the country’s largest and most diverse economy and population. The GTA employs 3.1 Million people (1.35 Million in Toronto) in a massive array of sectors (automotive, banking & finance, information, manufacturing, bio-tech, construction, service, transportation and more). From through the 3rd quarter of 2008, Toronto’s economic growth rate has varied from 1.7% - 3.7% (rarely negative and usually not euphorically positive). This all bodes well for a stable, reasonable economy.

Over the past eight years, our residential real estate pricing has increased an average of 5% per year (from a low of 3% to a high of 8%). It’s difficult to fill a bubble with 5% annual price growth (or a 61% increase over 8 years).

Compare this to Vancouver (100% increase over 6 years), Calgary (44% increase over 2005), and Edmonton (57% increase over 2006), and you can see which cities have a bubble. Toronto is not one of them.

Toronto’s GTA enjoys a healthy population growth rate of approximately 2% per year - we are one of the fastest growing large cities in North America. Our downtown core is the most vibrant next to New York City and perhaps Chicago. We have experienced a phenomenal increase in spending and development in the arts with a new AGO, ROM, Opera House, National Ballet School, and soon to be completed Sony Centre, TIFF Bell LightBox among many other new and exciting world-class projects.

Toronto has never seen a five-star hotel until now, with the likes of the Shangri-La, The Four Seasons, Ritz-Carlton, Trump, and the Hazelton. Hip hotels like the Thompson, the Maple Leaf Square, “Le Germain,” and W’s Aloft are all under construction with NYC’s Gansevoort Hotel having just been announced. This has created a hotel explosion that will excite tourists from around the world.

Several new commercial high-rises are being built - The Telus Tower, RBC Centre, and Bay-Adelaide Centre along with a few more just completed and others on the drawing board.

New neighborhoods and hold have been dramatically altered; Yorkville will never be the same with thousands of new high-end condos completed and being built (The Regency, 18 Yorkville, One St. Thomas, The Four Seasons, The Windsor Arms, The Museum House, One Bedford, 100 Yorkville, and more). This small village will literally burst with eager new customers for all the shops and restaurants.

King West has seen the creation and reinforcement of three new neighborhoods.

King/Spadina has boomed with development (M5V, Glas, The Hudson, Charlie, Victory, Quad Lofts, District Lofts, Charlotte Lofts, and the Festival Tower).

King/Niagara has exploded with growth, becoming one of the hippest, most sought-after neighborhoods to reside. The area has filled with restaurants, cafes, bars, and design stores, not to mention thousands of new condominium homes (66 Portland, 20 Stewart, 32 Stewart, Zed, 60 Bathurst, 550 Wellington Condominium & Hotel, 75 Portland, 650 King West, The Fashion House, 455 Adelaide, 20 Niagara, 400 Wellington, and more).

King/Strachan and Liberty Village have been created from scratch. A master plan was devised to include an emphasis on both business and commercial development with residential growth. Virtually every residential building was created or launched within the last ten years (Parc, 1000 King, 984 King, The Toy Factory, DNA, Bridge, The King West, The Liberty Village, 1001 King Street West, etc.).

Cityplace was carved out of a rail yard waste-land, the 9500 new homes (some 19 buildings) have changed the face of Toronto for the better (not necessarily the best) and filled the downtown core with 20,000 new people to feed the economy and enliven the streets.

We are so lucky to have experienced this all in a little over a decade. The last thirteen years have seen more changes to Toronto than in the previous thirty years. Toronto The Good is now also Toronto the Big, Rich, Fun, and Safe.

There is no better place to live or do business when you look at all the aspects of what is important to people. We are a rich city, but on a global scale we are not expensive. I believe that Toronto should rank as the #1 city in the world to live. Canadian banks are the safest, most profitable, and least risky on the planet, and most of the head offices are in our downtown.

We are the only G20 country that maintained a national government surplus for the last thirteen years and partly because of this, we are least affected by the economic crisis. We have literally reduced our national debt by $105 Billion or 19% over those thirteen years. We are the financial envy of most of the world.

We have the second largest oil reserves on the planet. We have huge resources of water, gold, uranium, nickel, diamonds, potash, wood, grain, beef, and virtually every other natural resource possible.

We offer free medical aid to all that need it. We have a respected rule of law, and a very low murder rate that keeps our citizens safe. Our universities are rated as some of the best in the world, educating and training our students to become a part of an extremely competent workforce.

Toronto is one of the most sought-after settlement locations for immigrants of the world to live, and because of this our population grows steadily and offers a true multicultural feel to our city. Torontonians and Canadians are truly blessed with a fantastic standard of living. It’s so easy to take all of this for granted.

Many people seem intent on betting against Toronto. There is perverse pleasure in another’s failure. Negativity puts bums in seats, but as Torontonians we will not go backwards. This is a forward-moving, prosperous and growing city. The explosion of mostly good growth will continue, at a slower pace, but it will continue.

Our beautiful, rich, clean, safe, fun, tolerant, racially diverse city will flourish. It will be a better, richer city still, and yes, that means that real estate prices will rise over the medium and long term.

If you bet against Toronto, you will lose.

Where is the best place in the world to invest in real estate?

I tell you without any doubt, it is Toronto.

Wednesday, May 20, 2009

Real Estate Recovery ... or Bounce?

Canada's home resale market showing signs of recovery as it rises for third straight month.

Canada's housing market shows every sign of having bounced back from its recessionary bottom, with both the number and price of homes rising for the third straight month in April. The Canadian Real Estate Association said homes sales soared 11.2 per cent on a seasonally adjusted basis from March, the biggest jump in five years, and with 34,838 units trading hands, the highest level in seven months.

Meanwhile, the national average sale price of homes listed by realtors also rose in April to $306,366 in April. But while encouraging, the report noted that both sales activity and prices remain at levels lower than a year ago, indicating the housing market has yet to fully recover to pre-recession levels.

The average home resale price is down 3.2 per cent from a year ago and down almost 10 per cent from the peak of $324,000 reached in December 2007.

Economists with Scotia Capital pointed out in a note to clients that the resale housing market does little to increase gross domestic product since it involves paper transactions, and that new home construction remains weak.

"(And) we seriously doubt its sustainability, especially into the next decade," added economists Derek Holt and Karen Cordes, explaining that low mortgage rates are likely pushing future demand forward as home-buyers seek to take advantage.

"We are, after all, still dealing with the highest stock of unsold new homes and the highest ratio of resales to listings since the mid-1990s."

TD Bank economist Paul Gauthier is also hedging his bets and still expects prices to decline a total of 20 per cent during the recession, with half of that slide having already taken place.

"So far, the first four months of 2009 lends credence to the view that improved affordability is winning out against the weak economic backdrop of a recession," he explained. "But we are still in the early rounds of a bout that has yet to fully play out."

Still, the housing news is more solid than many other indicators in the recession-battered economy.

Bank of Montreal economist Robert Kavcic noted that the average home price was now only 3.2 per cent lower than a year ago, the slowest rate of decline in nine months. And even that price drop is being exaggerated by the sharper drop-off in the most expensive cities, with prices Vancouver, Calgary and Toronto falling about 10 per cent.

The average residential price broke all previous monthly records in Saskatchewan, Manitoba, Quebec and Nova Scotia.

The real estate group said rebounding consumer confidence and lower home prices have contributed to the market improvement in recent months.

April's sales improvement follows advances of 7.7 per cent in March and 10.3 per cent in February, with 70 per cent of local markets recording an increase.

Regionally, British Columbia, Alberta, Ontario and Quebec showed improved results with the lion's share of gains coming in Toronto (10 per cent), Vancouver (30 per cent), Montreal (15 per cent) and Calgary (15 per cent).

CREA said the lower supply of homes coming onto the market helped balance supply and demand in April.

The association said that, without seasonal adjustments, the number of actual home sales were 11.8 per cent lower than last year.

The residential dollar volume of sales increased to $10.2 billion, the first time since last September that it surpassed $10 billion.

"If the trend for sales activity over the past few months persists, the number of transactions in May could surpass the pre-recession levels of September 2008," said CREA economist Gregory Klump.

He noted that in the past two recessions, sales activity bottomed out before the job market or the economy, but that improved affordability may result in the housing market leading the economic recovery this time.

The Power of Curb Appeal Improve your home's value with these tips

When putting a house up for sale, one of the most important factors you should consider is your home's exterior as this is the first step to draw potential buyers. It's what is known as curb appeal. Here are some changes that will make your home more attractive and functional, and they're also the ones that will give you the most impact for your resources.

First, create an inviting walkway for your guests and potential buyers. Lay bluestone or any other type of slate over the typical concrete steps or walkways to add warmth to an otherwise cold entry.

Replace old columns

Most front porches have columns that are visually too small to support the roofs. Replace all columns that are 4"x4" with larger ones. It will look and feel better if you do.

Change out your light fixtures

For some reason, porch lights are often hung at the wrong height and are not in good scale with the entry. When hanging sconces, put them a bit higher than your eye level to reduce glare. For those of you with unusually high entryways, try independent lights. It's an easy way to add elegance to your home.

Consider replacing the front door and windows

Make sure your entry door does not clash with the style of your home. If you have an arts and crafts bungalow, stick with a door appropriate to that style. If you have a contemporary home, your door should be contemporary. Don't get caught up in the fads of the time. Consider, too, the style of the interior. This is also true of windows.

Replace your windows

If you have an older home, it will probably benefit greatly from the energy saved with new windows. Keep the style of the windows the same as the home's architecture for the best outcome. Replacement windows are less expensive because they are made to sit inside the present frame. Most window companies can replace the windows in this manner in a single day.

Add dormers

Dormers break up a large growth expanse and provide depth and balance to the front of the home.

If repairing or redoing stucco, consider getting some of the foam core crown molding made for exteriors. A little goes a long way to dress up your home. You have your stucco man cover right over the crown molding for a plush look.

Add or replace shutters

Make sure your shutters are not too small for the window. They technically should be wide enough to cover the window opening when closed. Mount operable shutters slightly away from the home. Shutters will provide a decorative element that further defines the character of your home and gives it a custom look.

Add flower boxes to windows

Flower boxes help add color to a home's exterior and make the windows appear taller from the street.

Replace older shrubbery that has grown too large for your home. If you want to make your home appear taller, use smaller shrubs. Watch out for shrubs that are overgrown as they can easily "swallow up" a small home.

Landscape all the way out to the street

For goodness sake, understand that the days of a straight hedge at the front wall of the house to the street are over. The same goes for lawn that stretches from the home to the street with practically nothing of interest. Remember that the exterior decor should utilize focal points and group your plants together. Don't string them out, soldier fashion, along the front of your house or the sidewalk leaving the in between areas bare or endless grass.

Exterior lighting is important

Exterior lighting can warm the look of a home without creating distinct points of light. Where space is limited, well-placed exterior lighting can replace pendants or sconces at the entryways. The home will be further enhanced if the materials and lighting are of the same style as the home.

Improve your driveway and make it more appealing

Use saw cut, apron pavers or stamped concrete in place of regular concrete for the driveway itself. Try changing the location of the driveway so that it sweeps across the front yard, but is still functional. You want the view from the driveway to be of the home instead of the garage door.

To disguise the garage door, build a 2 ft. trellis or arbor with vines over the garage; it will give the garage a softer cottage look and feel.

For a side entry garage, plant evergreen trees to hide the turn around area next to the garage, putting the focus on the front of the house.

Frame a doorway with plants

Try using boxwoods, steeds holly, dwarf Alberta spruce, smaller holly trees or arborvitae. Potted plants can be moved around and taken with you when you move away.

Plant the right things in the right places

If low sunlight is a problem, don't fight it. Low maintenance plants that can grow with little sunlight are azaleas, dwarfs and regular mondo grass, weeping Japanese maples, autumn ferns and hydrangeas. Your nursery can guide you on the varying needs of sunlight and water for each plant you buy.

For big results, think small

Trench the edges of your flower beds to create smooth sweeping lines. Freshen your mulch or pine straw. Get your lawn on a regular fertilizer program.

Simple low voltage lighting at entry points and specimen trees can add a lot of flair to the yard. Highlight and accentuate entryways with annuals.

Keep it simple

Don't confuse guests. Have a clear and defined path from a parking area to the home's entrance. Create paths out of stone or other materials that complement the house.

Study the color palette of your home

Determine the most complementary color for both body and trim of your home. Some houses look better with muted color schemes rather than the standard white trim. Consider an off white trim with a complementary color for the body of the house. I just passed a home with a white garage door, some white trim here and there, a fairly dark olive green body and a large black front door. The shutters on the windows and window trim was also black. Very stunning and quite unique.

Assess your roofs

Asphalt roofs look best in either black or slate gray. For more informal homes, pressure treated cedar shake roofs have wonderful color and texture. Slate roofs give a premium look to any home. Raised-seam metal roofs are a great option for homes that seek to achieve a distinctive older look.

Enhance the trim

Add wood pediments over the windows or over the front door. There are several sources for ready-made trim that is designed for standard sized openings.

Upgrade your door's hardware

Go to premium hardware companies and look at the options for door latches. Georgian-style homes should have polished brass fixtures, while country French and many cottage-style homes can use fixtures with darker finishes, such as oil-rubbed bronze or pewter gray.

Do your research

For older houses, look for lighting fixtures that look like old carriage lanterns or gas lanterns. Finishes should be black or aged copper. For an extra special look, replace the glass with seedy glass and use lower wattage bulbs. If you have a larger budget, consider installing a gas line to make the fixture a real gas lantern.

Avoid clutter

Stay away from helter-skelter objects in your yard. Pick a focal point or two for the art and leave the rest to more clean and understated design.

Think about function

If you want to use your yard for entertaining or just lazy days sipping sweet tea, make sure you have nice, clean seating and an easy to grow garden.

Keep it clean

Periodic pressure washing will remove molten debris off siding, decks, driveways and walkways leaving a pristine facade on your home

Add planters

Put seasonal plants in pots that will spill over with color and make the front door a focal point.

Make it Low maintenance

Hardier plants will continue to look attractive in the colder months of the year, giving your yard year-round appeal.