11 10, 2017

JUST SOLD! 7 Midholm Drive – Ionview

Our buyer clients fell in love with 7 Midholm Drive and made the leap into freehold home ownership in Toronto. We’re so happy for them and know that they will be happy for years to come in this charming 2 storey brick home.

Just Sold 7 Midholm Drive

18 09, 2017

JUST SOLD! 13 Empire Avenue – Leslieville

Making the move from condo life to house life was the goal for our buyer clients who we helped to find 13 Empire Avenue. Stunning Leslieville home! 2 and a half storeys with an open concept floor plan and a walk out to the lovely fenced in backyard! 3 bedrooms and a spacious washroom. Tucked away on a quiet street, just steps from so many fantastic restaurants, bars and parks in one of the best neighbourhoods in Toronto!

Just Sold - 13 Empire Avenue

31 07, 2017

SOLD OVER ASKING! 33 Mill Street #2505 – Distillery District


Welcome to Suite 2505 at 33 Mill Street in the historic Distillery District!

Upon entering the suite you are immediately impressed by the open and airy floor plan and the stunning, unobstructed lake views!

The open concept kitchen features modern white cabinetry, granite countertops, stainless steel appliances and enough space for a dining area.

The living room is filled with natural light all day long with south facing floor to ceiling windows and a walk out to the large balcony.

The spacious den is ideal for a home office and could also be used as a media room or additional bedroom to suit your needs.

The 4 piece washroom is lovely featuring a modern high gloss vanity, an additional built in storage unit and trendy subway tiles.

The master bedroom is absolutely stunning! High ceilings, floor to ceiling windows, concrete floors, a double closet with mirrored sliding doors and a beautiful light fixture enhance this space. The most impressive aspect of this room is that you get to wake up to views of the lake every morning!

The outdoor space is incredible! The large balcony extends the entire width of the suite and includes a built in bench for storage and enough space for an outdoor dining area. The views include the CN Tower and downtown skyline to the west, the Distillery District to the east and spectacular unobstructed views of Lake Ontario to the south! It’s not often that you will find a condo where you can literally watch the sun rise in the morning, enjoy it all day long and then watch it set behind the Toronto skyline in the evening!

Move in and enjoy the sensational space!

31 07, 2017

JUST SOLD! 122 Glen Manor Drive #3 – The Beaches


Townhouse # 3 was completely redesigned and renovated in 2008 under the direction of the renowned design firm Brian Chaput & Company. It is part of a small secluded enclave of executive townhomes ideally located in the heart of the Beach. Truly an excellent location, steps to the boardwalk, bicycle path, parks, restaurants and neighbourhood shops. This townhome also enjoys lake views under the arbour of stately trees on Scarboro Beach Blvd.

A private brick courtyard with beautiful plantings enhances the entranceway and welcomes guests to this delightful home. The entrance opens to a stylish eat-in kitchen which is beautifully designed, bright and airy with pleasant views of the courtyard. It also features Caesarstone quartz counters, custom designed cabinetry, a stainless backsplash, a large pantry, pull-out and soft close drawers and a fabulous center island.

Open concept, the overall flow on the main level is easy for entertaining. Both the dining and living room spaces are generous. They are enhanced by a walk out to the south facing balcony and a delightful wood burning fireplace that features an attractive honed slate hearth and surround. The large south facing windows ensure abundant sunshine and it is easy to relax and enjoy a pleasant breeze from the waterfront.

An open staircase leads to the second level which features three skylights, two spacious bedrooms and two beautifully renovated full baths. The master overlooks the courtyard and includes two custom designed double closets and a separate set of built-in shelves and drawers. The master bath has a double glass shower, radiant heated floors and Toto fixtures.

The second bedroom features a custom built-in bookcase and work space. The bath is finished beautifully with Toto fixtures, an Oceania soaker tub, and a repeat of the radiant heated floors. There is also ensuite laundry with front loading LG stackable washer and dryer.

Everything in the community is a short stroll from this picture perfect urban home. It is easy to be inspired to walk, jog or bicycle when living so close to the boardwalk and bicycle path. The shops and restaurants are abundant and close at hand as is the public transit for quick commuting to the downtown core.

Enjoy the ease of condo living in a special community, just minutes from the waterfront in our amazing cosmopolitan city!

14 11, 2016

First-time home buyers to get $4,000 land transfer rebate

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Finance Minister Charles Sousa is giving first-time home buyers a $4,000 land transfer tax rebate.

Sousa used Monday’s fall economic statement to announce the tax break for eligible purchasers is being doubled from $2,000.

“Purchasing your very first home is one of the most exciting decisions in a young person’s life, but many are worried about how they will be able to afford their first condo or house,” the treasurer told the Legislature.

The change, which takes effect on Jan. 1, means first-time buyers will not pay land transfer tax on the first $386,000 of the cost of their homes.

“For many this will mean no land transfer tax on the purchase for their first home,” said Sousa.

“The housing market is an important source of economic growth and employment in Ontario and improving housing affordability will help more Ontarians participate,” he said.

Under the land transfer tax break, more than half of first-time home buyers won’t have to pay land transfer tax at all — although those in Toronto will still face the city’s levy implemented in 2008.

Renters are also getting a break, as the government freezes the property tax on apartment buildings — which are taxed at more than double the rate of other residential properties and condos, for example — while it reviews how the “high property tax burden” impacts the affordability of rentals.

To fund the breaks, the government will increase land transfer rates on houses that cost more than $2 million.

For every dollar over and above that, the rate will rise from 2 per cent to 2.5 per cent.

But the tax on the portion of the purchase price between $400,000 and $2 million will remain at 2 per cent.

The rate between $250,000 and $400,000 stay at 1.5 per cent and between $55,000 and $250,000 at 1 per cent.

And the first $55,000 of a purchase price will remain at 0.5 per cent land transfer tax.

Those changes only affect properties with one or two single-family residences.

For other types of properties, such as apartment buildings, the only increase will be on the portion over and above $400,000, which will jump from 1.5 per cent to 2 per cent.

Despite a controversial accounting change from Auditor General Bonnie Lysyk, Sousa said the Liberals would balance the books in 2017-18 as he has promised.

The deficit for 2016-17 will remain at $4.3 billion as he had projected in the February budget.

That figure would have been lower but for Lysyk surprising the Liberals last month by announcing two government-sponsored public pension funds should no longer be booked as assets — even though they had been since 2001.

The actuarial adjustment — which is now being reviewed by an independent expert panel — wiped $10.7 billion from the assets column and is the equivalent of a $1.5 billion hit on next year’s budget.

“We will balance the budget in 2017-18 and remain balanced in 2018-19 as scheduled. It’s not going to be easy, but … we will make the right choices to bring Ontario to balance,” said Sousa.

Lysyk said she amended her interpretation after examining the province’s claim to the co-sponsored Ontario Public Service Employees’ Union Pension Plan and the Ontario Teachers’ Pension Plan.

In other measures — most previously announced — Sousa reminded Ontarians the government will waive the 8 per cent provincial share of the harmonized sales tax in electricity bills starting in January and bring in savings up of up $540 a year on hydro for some rural Ontario residents.

The first of 100,000 promised new child care spaces by 2022 will come this school year, with 3,400 spots at a cost of $65.5 million, while the more than 100 hospitals across the province will share an additional $140 million in base funding.

Schools will get another $1.1 billion over two years to help address a backlog of much-needed repairs and upgrades, with another $60 million going toward an effort aimed at boosting math skills in elementary school pupils by giving them one hour of math instruction daily from Grades 1 through 8.

In terms of consumer protection, the government plans to ban door-to-door sales of water heaters, air conditioners, furnaces and water filters and will pass legislation to licence and set qualifications for home inspectors.

As well, fees for special occasion permits allowing the serving of beer, wine and other alcoholic beverages at weddings and other events will be cancelled.
SOURCE: THE TORONTO STAR

6 06, 2016

Toronto Real Estate Board ordered to open up online sales data

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The Toronto Real Estate Board must let its member brokers release more home sales data to the public via the internet, the federal Competition Tribunal ordered Friday, in a move that could resonate across Canadian real estate markets.

The tribunal’s order, which follows an April ruling that TREB was stifling competition by restricting access to data on its proprietary Multiple Listing Service, says TREB must let its members offer searchable online databases called “virtual office websites.”

Those databases allow access to important information held in MLS, including data like sales prices, broker commissions, and withdrawn listings, as well as archived data.

“We’ve always taken the position where the more information that consumers have, the better decisions they can make,” said John Pasalis, president of the Toronto real estate brokerage Realosophy and a witness in favour of opening up the data.

“We’re going to look at making it more widely available on our website now,” said Pasalis.

Some Toronto-area real estate agents are champing at the bit to take advantage of the Competition Tribunal’s order as quickly as possible. Ara Mamourian, owner of Spring Realty, wrote in his blog that releasing the previously restricted information via his company’s search tool will save time and hassle for brokers and buyers alike.

Even brokers outside of Toronto have their eye on the Competition Tribunal’s order, and expect it to impact their local markets.

“Most likely because TREB is the biggest board, I think it’s going to trickle down right to the smallest board out there,” said Mayur Arora, a realtor with Oneflatfee.ca and a member of the Greater Vancouver Real Estate Board.

Limits on home sales data

Still, the Competition Tribunal’s ruling does set some limits on exactly which MLS data can be released online.

Consumers who want to access the data will have to have a password-protected account with the broker providing it, and individual home sellers can request that TREB exclude their home sale information from the online databases. TREB can also keep certain private information about a home seller confidential, including mortgage and security information.

The Tribunal also said “TREB may limit members’ use to being directly related to the business of providing residential real estate brokerage services.”

The order represents a victory for the federal Competition Bureau. In its original application to get the data released, the bureau said the data will allow real estate agents “to offer consumers the convenience of data-driven insights into home sales prices and trends via the web and to improve the efficiency and quality of their services.”

TREB has 60 days from June 3 to implement the changes, and was also ordered to pay the Competition Commissioner’s legal costs of more than $1.8 million. In a statement, TREB CEO John DiMichele said TREB has filed a notice of appeal, but is reviewing the order with its lawyers before commenting publicly.

An ongoing legal saga

The tribunal’s ruling is the latest development in a case that goes back years. In 2011, the Competition Bureau sued TREB, Canada’s largest real estate board, for restricting the ways in which its member agents could release data from the Multiple Listing System.

The Competition Bureau said TREB’s practices were anti-competitive, and kept customers from accessing information that would help them buy a house. At the time, TREB said it was “legally and morally required to respect” the private information involved in real estate sales. The Competition Tribunal dismissed that case, but hearings began again in 2015 following a successful appeal by the Competition Bureau.
SOURCE: CBC NEWS

30 05, 2016

RECORD BREAKING SALE IN RIVERSIDE!

We’re incredibly proud of this one!
* Highest sale ever on DeGrassi Street
* Highest sale ever in the area (E01 – South Riverdale) for a detached home without parking
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