Open House

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232 Fairlawn Avenue

Saturday, March 28, 2:00 p.m. to 4:00 p.m.
Sunday, March 29, 2:00 p.m. to 4:00 p.m.

$929,000 – Extra wide semi on a deep sunny lot! Located in a wonderful family friendly neighbourhood, this home is just steps to the coveted John Wanless Junior Public School.

Bright and spacious, this home features renovated kitchen and washrooms, gleaming hardwood floors, and a finished basement. With three spacious bedrooms, two washrooms, and a deck off the family room, you will enjoy open space and private space alike. Drop in this weekend and take a peek!

*Carson Dunlop Home Inspection Report available upon request.

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Bank of Canada Announcement

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OTTAWA – The Bank of Canada on March 4, 2015, announced that it is maintaining its target for the overnight rate at 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1/2 per cent.

Total CPI inflation in Canada has fallen as expected, reflecting the significant drop in oil prices. Core inflation remains close to 2 per cent and continues to be temporarily boosted by the pass-through effects of the lower Canadian dollar, as well as sector-specific factors.

The global economy is evolving broadly in line with projections in the Bank’s January Monetary Policy Report (MPR). The United States remains the main source of momentum in the global economy, while headwinds to growth linger in many regions.

In this context, a growing number of central banks have taken actions to ease monetary conditions. Crude oil prices are close to the Bank’s MPR assumptions.

Canadian economic growth in the fourth quarter of 2014 was consistent with the Bank’s expectations. The oil price shock had a modest early impact on aggregate demand, and a larger effect on income. The Bank continues to expect that most of the negative impact from lower oil prices will appear in the first half of 2015, although it may be even more front-loaded than projected in January. Nevertheless, data for 2014 as a whole suggest the anticipated rotation into stronger growth in non-energy exports and investment is well underway.

Financial conditions in Canada have eased materially since January, in response to the Bank’s recent monetary policy action and to global financial developments. This easing is reflected across the yield curve and in a wide range of asset prices, including the Canadian dollar. These conditions will mitigate the negative effects of the oil price shock, further boosting growth through stronger non-energy exports and investment.

In light of these developments, the risks around the inflation profile are now more balanced and financial stability risks are evolving as expected in January. At present, we judge that the current degree of monetary policy stimulus is still appropriate and the target for the overnight rate remains at 3/4 per cent.

9 Houseplants That Clean The Air And Are Basically Impossible To Kill!

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1. Garden Mum

This plant was found by NASA to be a real air-purifying beast. It removes ammonia, benzene, formaldehyde, and xylene from your home’s air. It’s popular and inexpensive, plus they can be planted outside too.

2. Spider Plant

Spider plants are incredibly easy to grow, so if you’re a beginner, this is a great one to start with. It lights bright, indirect light and sends out shoots with flowers on them that will eventually grow into baby spider plants that you can propagate yourself. Before too long, you’ll have more spider plants than you’ll know what to do with.

3. Dracaena

There are over 40 kinds of dracaena plants, which makes it easy to find the right one for you. They remove benzene, formaldehyde, trichloroethylene, and xylene from the air. They are toxic to cats and dogs though, so if you have pets, you might want to think twice about this one.

4. Ficus

Ficus trees are a favorite of mine as they are able to grow quite large depending on the type of pot you have them in. They typically stand between 2 and 10 feet tall and have some serious air cleaning abilities. You can also keep it outside in the spring and summer. The ficus removes benzene, trichloroethylene and formaldehyde from indoor air.

5. Peace Lily

Not only does the peace lily send up beautiful flowers, but they’re impossible to kill and have great air cleaning abilities. They flower through most of the summer and prefer shady spots with moist but not soggy soil. It removes ammonia, benzene, formaldehyde and trichloroethylene.

6. Boston fern

This plant likes cool locations with high humidity and indirect light. Bathrooms are a perfect spot for these little friends. They remove pollutants like xylene and formaldehyde from indoor air.

7. Snake Plant/Mother-in-law’s Tongue

I see this one all over the place in offices and restaurants – and for good reason. They’re pretty much impossible to kill. They need water only occasionally and prefer drier conditions. They don’t need much direct sunlight either. They remove benzene, formaldehyde, trichloroethylene and xylene from indoor air.

8. Bamboo Palm

Bamboo palms are most effective at filtering formaldehyde. They thrive in full sun and bright light. They grow as high as 12 foot too, making them an incredible presence indoors. They remove benzene, formaldehyde and trichloroethylene.

9. Aloe Vera

Aloe is a multi-use plant for sure. It has health benefits when consumed in smaller amounts, helps relieve burns, and cleans your indoor air as well. It removes formaldehyde effectively from indoor air.

…Get shopping!!

*Sourced from http://www.SimpleOrganicLife.org

Mortgage Tips

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4 Tips for Getting the Lowest Mortgage Rate

Whatever time of life you find yourself, picking up a mortgage is no little step. This is a big decision and comes with things such as monthly payments and interest rates. If you find yourself wondering how to get the lowest mortgage rate, look no further. Here are four tips that will help you get the lowest mortgage rate you can.

Fixed versus adjustable rates

Your first step will be to decide which of the two main types of mortgage rates is going to benefit you in the long run: fixed or adjustable. With fixed rates, you pay a consistent rate for the duration of your mortgage, which is nice when rates and other costs change or fluctuate; this can stink though if rates lower later down the road. With adjustable rates, you are making a bit of a gamble; the rate will be locked for a given time, but after that it can go lower or the higher depending. Private Mortgage Lenders Toronto can help you make the best decision.

What is your credit?

As with any financial venture, having good credit is going to work in your favour. The lower your score, the more likely your mortgage rate will rise. If your credit is not so great, you can perform damage control before asking for the mortgage; if this is not possible you should not hide it or try to avoid giving certain information. Some Mortgage Lenders Toronto are willing to work with you if you are upfront and don’t try to hide anything.

Bigger down payment

If you pay more at the start, the less you have to pay later; this works for the mortgage payment itself as well as the interest rate. For the Lowest Mortgage Rates Toronto, you will want to make the down payment the most beneficial. While it is common to pay the minimum amount at the start of your payments, putting more into the initial down payment will help in the long run as you see the lower amount of interest that you pay. A Commercial Mortgage Broker in Toronto can help guide you as you move forward.

Paying for points

A Mortgage Broker in Toronto may or may not suggest paying for points, meaning that you pay a certain amount of the loan in exchange for the interest rate lowering. There are ups and downs to this method as with any other. There are positive points where your rate is lowered, but there are also negative points where the lender reduces the fees for a higher ongoing rate.

Getting a low mortgage rate is going to take a bit of work on your part. Go into the situation with your eyes open to everything, being mindful of the here and now as well as what may or may not happen in a few years.

*courtesy of Sherwood Mortgage Group

Lower Mortgage Rates

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Canada’s biggest banks are lowering their prime lending rates, nearly a week after a surprise rate cut by the Bank of Canada.

Fixed-rate mortgages tend to rise and fall with bond yields.  Yields on five-year government bonds plunged the day after the Bank of Canada cut its overnight rate.

Royal Bank of Canada said today, Tuesday, January 27, 2015, it decreased its prime lending rate to 2.85 per cent from 3.00 per cent.

The move was quickly matched by the Bank of Montreal, TD Canada Trust, CIBC, and Scotiabank.  The rate changes will take effect on Wednesday, January 28, 2015.

More to come? Phil Soper, president of brokerage Royal LePage, says the lenders could be waiting until spring, the peak real estate season, before cutting fixed-rate mortgages more aggressively.  “Announcing a discount on their mortgage rates right now would be like announcing Boxing Day prices in November,” Soper told Canadian Press.

Stay tuned!

Real Estate Will Always Be A Great Investment

Raise the topic of real estate at any gathering this summer and the question as to whether housing values are well founded routinely arises.

Generally, most Canadians feel very positive about the housing market outlook, as reflected in the results of a recently reported Bloomberg Nanos Canadian Confidence Index, a weekly survey that gauges the mood of people from coast to coast. It found that respondents’ views as to the value of housing are the most optimistic since 2008.

From my perspective, the results of this survey are right on the mark. In fact, it’s easy to see how much of a strong long-term investment real estate represents by taking a look back at our city’s history.

The average selling price for July 2014 sales was $550,700 — up by 7.5% compared to July 2013. Looking back 18 years, to July 1996, the average price was $199,856, reflecting an increase of 175%.

While it’s important to note that this isn’t a direct apples to apples comparison — geographic boundaries and the mix of housing types have changed over time — it does illustrate an indisputable truth: a sensible investment in housing provides strong long-term returns.

Reaching even farther back, 48 years, to 1966, the average price for a new home was $22,500. Today, a parking space in a downtown condominium can easily sell for more than the cost of a home in 1966. Coincidentally, the Toronto Real Estate Board’s 1966 President Jack Key shared thoughts that year that could have helped astute buyers predict our city’s condo boom.

“If you take into consideration that there will be an acceleration in growth rate in the next few years, and less than three-quarters of our vacant land is suitable for development, at most we have only five years’ supply of land available within Metro’s boundaries,” Key said.

A Toronto home purchased 78 years ago, in 1936, could have been snapped up for approximately $8,000.

The President of our association that year, James McWilliams, told a local daily newspaper, “There is no shortage (of housing) between $7,000 and $9,000…but a decided lack in the class between $10,000 and $12,000 in the low tax areas.”

Today of course, those “northerly districts” would likely be considered the uptown area of our city’s core and the grandchildren or great grandchildren of a buyer from that era are, in many cases, used to prices closer to one million dollars rather than $10,000.

Like any market, housing will experience cycles in which sales and prices wax and wane, but in the long-term the message is clear: making the move to homeownership, regardless of where you choose to call home in the GTA, has offered extremely favourable results.

In a recent poll conducted by Ipsos Reid on behalf of the Ontario Real Estate Association, 82% of Ontarians agree that real estate is a good investment. And, as I have noted previously, a home is the only investment in which you can live while it appreciates.

Excerpt from: Toronto Sun Homes Real Estate News

By Paul Etherington – President, Toronto Real Estate Board

Condo Report

Toronto Real Estate Board President Paul Etherington announced robust results for the condominium apartment market in the second quarter of 2014. Q2 sales were up by 10.4 per cent compared to the same period in 2013. New listings were up over the same period, but by a lesser 4.4 per cent.

“Condominium apartments represent an affordable entry point into the market for first time buyers. On top of this, some condo properties cater to households looking to move out of their traditional low-rise home, and we are increasingly seeing households choose condos as the place where they will raise a family. This diversity of buyers explains why sales more than kept up with increased listings in the second quarter,” said Toronto Real Estate Board President Paul Etherington.

The average selling price for condominium apartments in the second quarter was up by 5.5 per cent year-over-year to $367,010. In the City of Toronto, which accounted for 71 per cent of total sales, the average selling price was $392,739, representing an increase of 5.3 per cent.

“Even though inventory levels for condo apartments have been higher compared to inventory of low-rise home types like singles, semis and towns, there has been enough demand relative to supply to see strong price growth. Even as inventory levels increase due to record occupancies in 2013, we should see enough demand to sustain price growth above the rate of inflation in the second half of this year,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

*Courtesy of The Toronto Real Estate Board

Green Homes in Canada

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Midori Uchi

MIDORI UCHI

Builders of a newly finished home in British Columbia are claiming it’s one of the greenest in the country.

The Midori Uchi, Japanese for “green home”, is one of the Lower Mainland’s first “net-zero” houses, meaning it will create more energy than it consumes each year.

It was built with locally-sourced reclaimed wood and recycled materials, and the roof was made using prefabricated, heat preserving panels. Recycled water from the home’s showers and baths is used to flush the toilets; its landscaping system removes the need for additional irrigation water; and its windows and doors are triple glazed to reduce heat transfer.

Built by Naikoon Contracting Ltd. in 18 months, the North Vancouver home received three levels of green certification.

http://www.naikooncontracting.com/midori-uchi/

*Content sourced from The Huffington Post

New Listing Open House!

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3320 Bathurst Street

3320 Bathurst Street

Saturday, May 17, 2:00 p.m. to 5:00 p.m.
Sunday, May 18, 2:00 p.m. to 5:00 p.m.

$448,000 – A rare offering! Located in a highly desirable neighbourhood, this fantastic freehold townhome is ready for you to move in and enjoy!

This stylish, urban-chic end unit is ideal for living and entertaining alike, with bright and open principal rooms, gleaming hardwood floors, and a well-appointed master.  Your custom kitchen, with updated, top-of-the-line appliances, walks out to a darling backyard, perfect for summer barbeques! With a WALKSCORE of 93, you’ll find every amenity is within your reach!

Check out more pics here: http://www.anthonysvirtualtours.com/Agents/O66Y60SARN/gallery.php?id=3 …And come check it out in person this weekend!

Home Energy Loan Program

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In July 2013, Toronto City Council unanimously approved a $20 million pilot water and energy efficiency program for improvements to private residential properties.  The launch of this three-year pilot program was officially announced on March 25, 2014.

HELP is a new financing tool offered by the City of Toronto to help you improve your home’s energy efficiency and save money.

Upgrading your insulation, replacing an old furnace with a high-efficiency one, and upgrading to high efficiency windows/doors are examples of cost-effective improvements – also called retrofits – that can cut your energy bills, improve home comfort, and reduce harmful emissions to the environment. For many people, however, the high upfront cost of these improvements can be a barrier to taking action.

Low interest loans are available to qualifying homeowners who are interested in improving the energy and water efficiency of their home. Through HELP, the City will provide the funding required to complete the improvements and the homeowner will repay the City over time through installments on their property tax bill.

Read more here: http://goo.gl/NpIrx4