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
We've been hearing a lot lately about the slowing real estate market. Actually it's really just returning to a more typical market, but that's another topic. Buyers today are quite sophisticated and are being very choosy about the home they buy and the area. So while there may be a lot of listings on TREB, there's not enough of the ones Buyers are looking for. The good ones don't last long! If you're ...
Posted by Luci Rizzo
on November 12, 2010
Last evening, after returning from the 2010 Century 21 Canada Conference in downtown Toronto, we thought we would treat ourselves to dinner out at Fabbrica, Mark McEwan's new restaurant at the Shops of Don Mills. I was joined by my husband and business partner Marc, my mother Angie and son Stefan. As the restaurant was open for less than a week there were the expected service glitches, all minor. The ...
Posted by Luci Rizzo
on October 4, 2010
TORONTO, August 17, 2010
‐
Greater Toronto REALTORS® reported 2,732 sales
through the Multiple Listing Service® (MLS®) during the first two weeks of
August 2010.
This represented a 29 per cent decrease compared to the 3,832 sales
recorded during the same period in 2009. New listings, at 4,770 were down
eight per cent compared to the first two weeks of August 2009.
“Throughout ...
Posted by Luci Rizzo
on August 26, 2010
TORONTO, May 19, 2010 -
Greater Toronto REALTORS® reported 4,887 sales through the Multiple Listing Service® (MLS®) during the first two weeks of May. This represented a seven per cent increase compared to the 4,561 sales recorded during the same period in 2009. New listings increased by 48 per cent annually to 10,059.
“The average household looking to purchase a home ...
Posted by Luci Rizzo
on May 20, 2010
MORTGAGE INSURANCE RULES ANNOUNCEMENT Federal Finance Minister Jim Flaherty recently announced prudent changes to mortgage insurance rules intended to come into force on April 19, 2010. CAAMP was actively engaged in the discussions around these changes which are as follows:
All borrowers must meet the standards for a five-year fixed rate mortgage even if they choose a mortgage with a lower interest ...
Posted by Luci Rizzo
on March 8, 2010