Proud sponsors of St. Leo's Spring Fling & Mimico Party in the Park in June 2017! Sandy and Rayissa firmly believe in supporting the communities where are their clients live. Since many of our clients live in Mimico we have been actively involved with the Mimico Residents Association and other local events for the last 4+ years. We had two of our Mimico events just happen in June of this year. We and all those who attended had a ball! St. Leo's Elementary School Spring Fling, June 8th, 2017 We have delightfully watched this event grow by leaps and bounds each year we've been a part of it, sponsoring the biggest bouncy castle of the event for a fourth year in a row! But we wanted to do more than just pay for the bouncy . . .
Compiled below are the Housing Sale Numbers for April and May 2017 for Mimico Traditionally, the spring market in Etobicoke and in Mimico moves pretty fast, with the highest sold home prices of the year usually occurring in May. 2017 has proven to be a little bit different so far. April 2017 came in with a bang and a frenzy. Fewer houses were for sale than the year before. Multiple offers were the norm with 8 or 10 or even 12 offers for many properties. Houses were selling for 20-50% over asking, some even higher. Some houses were not appraising. Buyers were feeling fatigue and felt the need to scramble to just buy something. Then the Ontario government announced some changes in late April to help “slow” the market down. Which . . .
Top 10 tips you may have forgotten to do before your house is for sale in Toronto! The last few days before your house in Toronto is officially up for sale can be pretty hectic. Here's some tried and true top tips we've put together to help you get your house ready for buyers and open houses! 1) Toilet seat - Does yours look a bit rough around the edges? If it's wood, looks old, stained, cracked, or really cheap, you probably should replace the toilet seat cover. This is a pretty easy, inexpensive $30 fix and it makes a fresh impact. 2) Valuables & ID - Hide it all! Out of the house is better, in a safety deposit box or somewhere safe. Your money or coins, jewelry, iPads, tablets, laptops, collectibles, and designer purses . . .
Have you noticed some of your friends and family starting to make different lifestyle choices? Like moving further out of the city to have a bigger house, larger lot, better schools, bunnies in the backyard? We have, too. And we are featuring just such a find with a house for sale with an easier commute time than from Ajax or Pickering or Milton or Oakville. Welcome to 17 Bishop Court. While this home recently sold, if you do want to try estate living, we are very familiar with some wonderful pockets of neighborhoods within a 45-60 minute commute to the city, that are available. Just call us! 17 Bishop Court is located in the hamlet of Glen Williams in Halton Hills. 5 minutes to the GO train in Georgetown with a 60 minute . . .
News Flash: Changes to Canada’s Housing Rules Announced. Will this affect your upcoming mortgage renewal or your next home purchase? On Monday, October 3rd, Finance Minister Bill Morneau announced four major changes to Canada’s housing rules. If you are buying or selling this fall or upcoming winter or have a mortgage up for renewal, this could affect you. Stress Test Will be Required For ALL Insured Mortgages: As of October 17, 2016, “a stress test for approving high-ratio mortgages will be applied to all new insured mortgages - including those where the buyer has more than 20% for a down payment,” writes Bill Curry, Globe and Mail. Current rules define a high ratio mortgage as one where the buyer has between 5-20% down payment . . .
Some people are beginning to think this market is only benefiting the seller, not the buyer. NOT TRUE! We've identified the best possible seller/buyer combination in the current market. And surprise, it just might be you! Toronto West (Etobicoke): For illustration purposes, our reference points are the neighbourhoods in Toronto West, including Etobicoke, Mimico, Sunnylea, New Toronto, and the areas around Islington (south of Bloor), and around Scarlett Road. Bungalows Galore! In this area, there are bungalows everywhere you turn. In the US, these would be called a ranch. They are a one-storey home, typically with a kitchen, living room, dining room, bathroom, two or three bedrooms, and a finished basement. There may or may not . . .
Only 9 Homes in Sunnylea in the month of April 2016, based on the statistics I compiled from TREB. Listed below are the averages for the homes that sold in Sunnylea during that month. BUNGALOW: 1 Sold. 18 Days on the Market. Listed average $829,900. Sold average $805,000. 97% of asking price. 1 1/2 STOREY: 4 Sold. 6 Days on the Market. Listed average $963,000. Sold average $1,105,750. 115% over asking price. (Multiple offers for most.) 2 STOREY: 4 Sold. 8 Days on the Market. Listed average $1,271,500. Sold average $1,343,500. 106% over asking price. (Multiple offers for most.) This falls right in line with the new average home sale price in Toronto, that TREB (Toronto Real Estate Board) recently released, of $1.2M in . . .
Top 10 Tips for a Great Open House Experience in Toronto - as a Buyer... Here are some good tips for Buyers to get the most out of your Open House experience in Toronto... Do it yourself, map it out! Prior to leaving, map out where you are going, so you maximize your Open House in Toronto window. Most open houses in Toronto are held Saturday and Sunday between 2-4pm. A few agents begin at 1:00 pm or stay as late as 5:00 pm, but generally the window is 2-4 pm. Ask your real estate salesperson for a list of area Open Houses PLUS property information. Don't waste your time stopping to view houses on Open House in Toronto that are NOT what you are looking for. Ask your agent to give you a list of qualified houses for you . . .
Interest rates have NO change, as per Bank of Canada. Great! Buy or sell your house in Toronto! Interest rates are to remain at 0.5%, announced the Bank of Canada on Wednesday, April 13, 2016. As per CBC Business News on Wednesday, April 13th, “In January, Canada's gross domestic product grew by its biggest amount in more than two years, official data showed last month. That helps explain the new cautiously optimistic outlook from the central bank's decision-makers.” What does this mean for you, as a buyer or seller, in Toronto? In our professional opinion, it is still a great time to sell and to buy in Toronto. Great mortgage rates are to be had for fixed or variable mortgages and lenders are lending. Having a good . . .
Home Buyers Guide: Getting Ready to Buy a House in Toronto Try this Home Buyers Guide for some tips on your home buying experience. To begin, there are lots of different types of home buyers out there. First-Time Home Buyers: With housing prices higher thus higher deposits, many people buying for the first time are in their 30s and 40s Back-in-the-Market Home Buyers: Those that bought 10+ years ago and now want to sell, the market has changed since then Trading-Up Buyers: You’ve made money on your house and are on to bigger and better. Got-a-Raise Home Buyers: Moving because they got a new job, higher pay, woo hoo! Upsizing Home Buyers: Your family has grown with kids, dogs, the cat and you need more room Downsizing . . .