Lakeshore Village

Renovated three bedroom home on a quiet street in the heart of Lakeshore Village, steps to shopping, schools and lakefront parkland & biking trails. Recent (since 2008) improvements include renovated kitchen, rich new hardwood flooring on main floor, new sliding door walk-out to yard, re-shingled roof, new high efficiency furnace, updated electrical (no knob &… Read More

New Mortgage Rules Slowing Toronto Market?

Toronto Prices Mid July 2012

Early this month, the federal government brought in new rules for buyers with high ratio (less than 20% down) mortgages. The most significant change was a reduction in the maximum amortization period from 30 years to 25 years. This is no small change: the impact on affordability is roughly equivalent to 1% increase in the… Read More

We’re Getting The Message About Debt

Debt Burden

For the last few years, the Bank of Canada and the federal finance minister have been constantly reminding Canadians that household debt levels have hit a record high. The decade-long housing boom, fuelled by the lowest mortgage interest rates ever, has produced thousands of new homeowners. The housing market contributed greatly to helping Canada weather… Read More

Renters’ Market For Condos?

Condo Buildings

In a recent article in the Toronto Star’s Moneyville section, real estate lawyer/author Mark Weisleder says that we will soon see a renters’ market in condos. With so many condo projects coming to completion, he says that the investors who bought them may have no choice but to rent them out as they may be… Read More

High Park Playground Rebuild Completed

High Park Playground Rebuild

 High Park’s Jamie Bell Adventure Playground reopened Friday with a brand new castle after the old one was destroyed by arson. After the park was torched in March plans to rebuild began immediately spearheaded by HGTV celebrity Mike Holmes with the help of Toronto fire and police and members of the community. At the opening… Read More

How Do You Know It’s Really A Bidding War?

Bidding Wars

Bidding wars (multiple bids on the same property) have been common in the Toronto market for much of the past 15 years and they were especially crazy during the early spring of this year. In most cases, there is no doubt about whether there actually is a bidding war. Whether the offer presentations are the… Read More

High Park Condominiums – New Development at 1844 Bloor St. West

High Park Condominiums - 1844 Bloor St West

The Daniels Corporation is moving ahead with the new condominium project at 1844 Bloor Street West, opposite High Park between Oakmount and Pacific. Demolition has been completed and the construction fences have been erected, anticipating approval of the development application. A sales office has set up near Bloor & Glendonwynne next to the new Tim… Read More

Foundation Disaster in the Junction

Foundation Disaster in The Junction

On Wednesday, June 27, a detached home on Maria Street in the Junction area of West Toronto suddenly sank on one side, coming within a foot or so of colliding with the house next door. The basement of the house was being lowered by underpinning the foundation when something went terribly wrong (exactly what may… Read More