toronto on: Sold in 16 Yonge St., Toronto, ON - Pinnacle Centre - 09/21/15 12:42 PM
Sold in 16 Yonge St., Toronto, ON  - Pinnacle Centre
 
 
16 Yonge St. is one of four condo towers in the Pinnacle Centre.
It is a great location, in the heart of Downtown Toronto. The unit that was sold is a 2 bedroom corner unit with a split bedroom layout.
It has an open balcony with a fantastic West-facing city view.
An open concept plan with granite kitchen counters.
Also, new wood flooring.
It is a short walk to Union Station, the Harbourfront, the Air Canada Centre
& the Financial District.
 
24 hours concierge service.
The Pinnacle Club offers indoor and outdoor … (0 comments)

toronto on: Sold in 18 Concorde Place, Toronto, ON - Courtyards Of Concorde - 09/21/15 12:21 PM
Sold in 18 Concorde Place, Toronto, ON - Courtyards Of Concorde
 
 
18 Concorde Place is a well managed building.
 
TTC is at the door, with rush hour buses to Downtown Toronto.
At the back of the building are walking trails.
 
The suite that sold is on the lower penthouse level, approx. 1700 sq. ft.
A corner suite that is light filled and with lots of storage. 9 foot ceilings and hardwood floors.
The large kitchen opens to the family room that has a ravine view.
Spacious walk-in pantry and also an ensuite storage closet.
 
Living room has a gas fireplace,
and … (2 comments)

toronto on: One Yonge Street, Toronto, ON - 08/30/15 05:29 AM
One Yonge Street, Toronto, ON
 
One Yonge Street is currently a 25 storey building.
It is located at the Waterfront area on Queens Quay East.
 
There are now redevelopment plans for 1 Yonge St. upto 7 Yonge St.
In competition with the One Bloor St tower and the AURA tower, this project is considering a 95-storey multi-purpose landmark tower.
 
Some residents feel that 95-storeys is too high,
however, the architects counter by saying that it is a natural evolution for the city.
 
It will be interesting to see how the Redpath Sugar Refinery Plant,
which is almost across the street at 95 Queens Quay East,
will impact the … (0 comments)

toronto on: Toronto Blue Jays ..... the excitement builds ….. - 08/13/15 01:15 AM
Toronto Blue Jays ..... the excitement builds …..
 
The Toronto Blue Jays made it to a 10 straight win stretch yesterday, into the first place, in the American League East.
 
This is big news in this city as Toronto has not reached the playoffs since the back to back World Series titles in 1992 and again in 1993, so naturally there is great excitement among the fans.
 
 
 
This afteroon's (August 13th) game at the Rogers Centre is sold out.
 
 
 
(0 comments)

toronto on: MaRS Discovery District - 07/23/15 12:48 AM

MaRS Discovery District is dedicated to driving economic and social prosperity. It first opened in 2005, with the intent to build one of world’s largest innovation hubs, a 1.5-million-square-foot complex located in the large research cluster, of the many Hospital Research Centres and the University of Toronto Research Centre, in downtown Toronto.
 
MaRS works with a network of private and public sector partners to help entrepreneurs launch and grow their innovative companies to help build the future.
 
Now, Facebook has signed a lease for half a floor at the MaRS Discovery’s District Phase 2 Tower.


 
Staff will move into this new space … (2 comments)

toronto on: In the Greater Toronto Area condominium prices ...... - 07/21/15 11:13 PM

In the Greater Toronto Area, condominium prices have been increasing at a moderate pace, during the past year,
However, as buyers find themselves priced out of single-family homes, and if the current pace keeps up, it is possible that we could see an acceleration in condo prices in the second half of 2015.
There were 7,656 condominium units sold through the MLS system in the 2nd quarter of 2015, which is a 17% increase in 2015 over 2014.

According to the Toronto Real Estate Board, sales growth outpaced growth in listings; and most of the new condominium inventory that came … (1 comments)

toronto on: Buying a property is not always an easy process - 07/19/15 11:59 PM
 
Buying a property is not always an easy process.
 
In the Greater Toronto Area, it is a strong Sellers’ market and this makes it more arduous with greater competition between Buyers.
 

 
So, the buyer should:

- Talk with their Realtor and learn about the market they are buying in.
-  Have the finances in order, with a mortgage pre-approval where required.

 - Be prepared to recognise certain home defects.  In multiple offer situations bring someone along during showings who has this background.

 - In a hot market, be prepared to lose in a bidding war and not … (2 comments)

toronto on: Tomorrow, July 1st is Canada Day! - 06/30/15 10:39 AM
Tomorrow, July 1st is Canada Day!
Here are a few pertinent questions and answers:
Who was Canada’s first Prime Minister?
Sir John A. MacDonald.
In what year was the the current flag adopted?
1965.
 

What was the official flag before the Red Maple Leaf was adopted?
The Red Ensign with the Union Jack in one corner.
What is the year of Confederation?
1867.
Which were the original four provinces?
Nova Scotia, New Brunswick, Ontario and Quebec.
 
 
(6 comments)

toronto on: Supply of low-rise homes, in Toronto ….. limited - 06/14/15 06:27 AM

Supply of low-rise homes, in Toronto  ….. limited
Toronto is the largest city in the GTA (Greater Toronto Area) and one of the largest regions of activity in the country.
 
Due to the lack of supply of land it makes sense to build condo towers rather than single-storey houses.
This has resulted in higher prices for homes (due to the shortage of low-rise houses).

Also, higher land costs and restrictive government regulations have stretched out development project time lines to as much as seven years.
 

The supply of new ground-related housing in the GTA has fallen by … (3 comments)

toronto on: Toronto says goodbye to Captain John's - 05/28/15 12:40 PM

Toronto says goodbye to Captain John's
This morning Thursday May 28th a giant piece of Toronto history was hauled away from the Yonge St. slip where it has been a fixture for 40 years.
 
 
Hundreds came by foot and boat to Queens Quay for the send-off, of the ship, the Jadran. Some came to salute the end of an era, others to say good riddance, and others simply to be there to witness the event.
 
For a brief time, there was concern that mounting winds might delay the move again. But just after 10:30 a.m., as planned, super tug Jarrett began to pull … (4 comments)

toronto on: Greater Toronto Area – Home Sales a new high …….. - 05/21/15 12:26 PM

Greater Toronto Area – Home Sales a new high ……..
 
Home sales in the first two weeks of May 2015 were 9.6 per cent higher than in May 2014.

The Toronto Real Estate Board reported 5,655 sales in the first 14 days of May 2015, compared to 5,160 sales during the same period in May 2014.
 

The strongest price growth was in the detached homes market, with the average price up by 13.8 per cent.

Detached homes sales growth in the City of Toronto has been strongest for high-end homes, thus pushing the average price higher.
(6 comments)

toronto on: Questions about Short-Term Rentals ....... - 05/03/15 11:04 AM

Questions about Short-Term Rentals .......
 
The 2015 Pan Am Games in Toronto are just 2 months away. Associated with it are questions about short-term rentals.
 
Should landlords allow their tenants to rent out their properties to short-term visitors?
The event begins on 10th July 2015 and is expected to draw 250,000 visitors, along with 10,000 athletes.
 
Rental opportunities could be lucrative; some argue that this kind ‘payday’ should be considered. While others, prefer to avoid these types of short-term agreements.
 
 
Short-term rentals can be dangerous in Ontario because Ontario landlords cannot charge a 'damage deposit' and if there are damages … (1 comments)

toronto on: Condo Expenses -Separate Bank Accounts - 04/26/15 05:33 AM
 
 
Condo Expenses  -Separate Bank Accounts
 
Condo Corporations have two different types of expenses:
 
1.    There are the OPERATING EXPENSES such as snow removal, general maintenance and other recurring expenses for the up-keep of the property.
and
2.    There are the MAJOR PLANNED EXPENSES. These expenses are pre-planned, and paid for, from the Reserve Fund. Such expanses include the replacement of assets of the corporation and the updating and renovation of the common elements.
 
 
Therefore, the best accounting practice would be to have two separate bank accounts to make it easier to monitor and keep a track of all the expenses.
 
 
(1 comments)

toronto on: Toronto condo buyers are into the spring market - 04/11/15 11:29 AM

Toronto condo buyers are into the spring market
This week activity really started up …....
 
With the coming and going of Easter, Passover and March break, prospective buyers have more properties to view in the downtown condo market.
 
Listings have increased and the number of buyers is increasing as well.
Sales and prices tend to reach a peak each year in April and May, while March tends to be a bit slower, because of the breaks for school students.
 
 
Most condo buyers these days are people who actually want to live in the unit. They have no choice if they cannot afford a house. For most … (8 comments)

toronto on: Renovations that could add value ….. - 03/31/15 11:28 AM


Renovations that could add value …..
 
Flooring: engineered hardwood flooring
 
Countertops: The overall appearance that fits the kitchen best, could be granite or quartz.
 
Lighting: Light fixtures should match the style in the property.
 
Hardware: Good quality door handles and cabinet knobs are an easy way to make the place look stunning.
 

 
When the flooring, lighting, and hardware all work together, it gives the property a feeling of luxury. This will attract the Buyers’ attention, and the Sellers’ will likely get a better price.
(13 comments)

toronto on: Housing market headlines ……. - 03/26/15 11:47 AM


Housing market headlines …….
 
Housing market headlines can be confusing: Markets are up. Markets are down. Markets are changing. Markets are about to change.
 
In some areas sales volumes are down, due to lack of activity. In other areas prices are up, due to lack of inventory.
The media has to write news items every day, and they put their spin from one day to the next, to make it interesting.
 
There are several factors to consider such as active listings, demand, price range, price movement, product type eg, commercial, residential houses, residential condos. … (5 comments)

toronto on: The two markets (houses and condos) within the Greater Toronto Area housing market ……. - 03/23/15 11:33 AM


The two markets (houses and condos) within the Greater Toronto Area housing market …….
 
RealNet Canada Inc. and the Building Industry and Land Development Association’s research show that in February 2015.
1.     The average price of a new house in the Greater Toronto Area was $733,578 and this is a 12% increase over the previous year.
2.     The average price of a new condo, on the other hand, increased less than 1 per cent during the same time period, going up to $442,672.
 
The limited supply of land in the Toronto area is increasing … (3 comments)

toronto on: Earth Hour is between 8.30 PM and 9.30 PM on 28th March 2015 - 03/21/15 11:41 AM


Earth Hour is between 8.30 PM and 9.30 PM on 28th March 2015
 
Our planet will celebrate Earth Hour, on the last Saturday in March.
 
The lights will be out for one hour in many cities and towns
in about 162 countries, across the globe.
 
It is easy to participate, just switch off the lights!
 
In doing so, you will save electricity and support the environment.
 

 
Earth Hour should not be confused with Earth Day. Earth Hour started in Sydney, Australia in 2007. It is a global sustainability movement … (10 comments)

toronto on: The Get it in Writing initiative, has been extended for another three years. - 03/19/15 11:58 AM
The Get it in Writing initiative, has been extended for another three years.
 
The Canadian Home Builders Association, in partnership with the federal government, are overseeing this program that helps Canadians who are planning on having a home built or their current home renovated. It will continue to help consumers with topics such as hiring a contractor and the dangers of using ‘cash’ contractors.
 
 
 
Home renovation and repair represent about half of all residential construction work undertaken by contractors.
 
More often than not, homeowners who assume they are getting a deal when they agree … (4 comments)

toronto on: When should you buy real estate? - 03/15/15 03:44 AM


When should you buy real estate?
 
I say at the earliest possible time you can afford to; more often than not, it is in the 25 to 30 years, age range. So that, by the time you get to the 60 to 65 years, age range; your real estate investment can provide retirement funds.
 
Many young people in Toronto are choosing to rent rather than buy, even though the cost of borrowing the mortgage funds is low. A big reason for this is the hype in the media about a correction /crash being imminent. This has … (1 comments)

 
Rosalind Nicholas, Toronto Condo Real Estate Agent, Toronto  ON (RE/MAX Condos Plus Corporation, Brokerage)

Rosalind Nicholas

Toronto Condo Real Estate Agent, Toronto ON

Toronto, ON

More about me…

RE/MAX Condos Plus Corporation, Brokerage

Address: 45 Harbour Square, Toronto, ON, M5J 2G4

Office: (416) 918-1972

Mobile: (416) 918-1972

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