Spectacular Triple "A" Real Estate
in the Heart of the City
The Investor Suites of
1Thousand Bay
with suites starting from the mid $200,000's
Next to the University of Toronto
across from
The World Famous Sutton Place Hotel
and an eight minute walk to
Yorkville
Just steps from both the Wellesley & Bay Subway Stations, Yorkville, Toronto General ...
Posted by Luci Rizzo
on January 24, 2012
From the November 2011 Market Watch (Toronto Real Estate Board):
Greater Toronto REALTORS® reported 7,092 residential transactions through the TorontoMLS® system in November – up 11 per cent in comparison to November 2010. At the same time, the number of new listings was up by 14 per cent in comparison to last year.
“We have seen strong annual sales growth through the 2011 fall ...
Posted by Luci Rizzo
on December 12, 2011
From Toronto Real Estate Board's October 2011 Market Watch: November 3, 2011 -- Greater Toronto REALTORS® reported 7,642 home sales through the TorontoMLS® in October 2011. This represented an increase of 17.5 per cent compared to the 6,504 transactions reported in October 2010. Monthly sales data follow a recurring seasonal trend that should be removed before comparing monthly results within ...
Posted by Luci Rizzo
on November 13, 2011
Land transfer taxes are charged based on the price of a home; the higher the price, the higher the tax. In the past, when home prices were lower, the provincial land transfer tax rebate essentially provided for a complete exemption for first-time buyers. However, from 1996 to 2010, the average price of a resale home in Ontario went up 120 per cent from $155,725 to $342,245. Specifically ...
Posted by Luci Rizzo
on October 4, 2011
It is said that anywhere from 60 to 80 percent of all new downtown condos are being sold to both local and out of country investors. Real Estate is perceived by many to be a safe and tangible long term investment. Our Canadian investors know it and so do those investors out of country. Not to mention that Canada's banking system has been identified as one of the best in ...
Posted by Luci Rizzo
on May 6, 2011
This summer, TREB plans to implement new MLS® districts with easier to understand community names. The current 86 alpha-numeric districts are not only arbitrary, they’re out of date. Many of them were drawn when places like Markham and Vaughan were mostly rural and not the bustling communities that they are today. Re-Districting will allow Realtors to target a searches ...
Posted by Luci Rizzo
on April 15, 2011
Efficient transit is essential to the the growth and well-being of our City. Here are some details on the new transit plan as announced March 31, 2011, by Premier McGuinty and Mayor Ford:
The Eglinton line: It will run from Black Creek Drive to Kennedy Road, for a distance of about 25 km, and will have up to 26 stations. The line will be largely underground from Black Creek to Kennedy, then partially ...
Posted by Luci Rizzo
on April 1, 2011
A new year and some changes.
The first half of January 2011 saw a drop in new listings in the Toronto market. This could present a good selling opportunity. Call me for a market update in your area!
Also,the federal government has announced changes to mortgage financing rules for government-backed (insured) mortgages (less than 20 per cent down payment), which will affect maximum amortization periods, ...
Posted by Luci Rizzo
on January 18, 2011
On a recent vacation in Europe I was surprised that locals mentioned the underground PATH system when I told them I was from Toronto. Perhaps we take it for granted, but Toronto's underground PATH at 28 kilometres long is the largest in the world and connects over 50 buildings and office towers. With new buildings and future plans, we could see the PATH in future extended to over 70 km in length! It's ...
Posted by Luci Rizzo
on December 17, 2010
There has been much public misinformation concerning the Agreement between the federal Competition Bureau and the Canadian Real Estate Association (CREA). In an effort to explain the MLS rules, I have posted below two FAQ's on the topic, and CREA's response to them:
Can the public put properties directly on Board MLS® Systems?
No. Board MLS® Systems are still member to member ...
Posted by Luci Rizzo
on November 15, 2010