Under The Spotlight – Ledbury Park

Ledbury Park is a neighbourhood in transition. The first generation of Ledbury families have been gradually moving out of the neighbourhood and young urban professional families are moving in. The ripple effect in this change in demographics can be seen in the flurry of building activity currently taking place in this neighbourhood as the original housing…

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Tax Deductible Mortgages Are Worth The Hassle

Unlike Americans, who enjoy a sweetheart deal with the tax authorities in that their mortgage interest can be deducted from their income taxes, Canadians have to go through hoops in order to accomplish the same thing. The so-called Smith Manoeuvre, popularized first in British Columbia by Fraser Smith in a book of the same name,…

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How is Land Transfer Tax Calculated?

Provincial Land Transfer Tax (LTT) Provincial LTT is payable anywhere in Ontario (including Toronto) The provincial LTT for residential properties is calculated as follows: 0.5% of the amount of the purchase price up to and including $55,000, plus 1% of the amount of the purchase price between $55,000 and $250,000, plus 1.5% of the amount…

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Under The Spotlight – Cedarvale

Cedarvale’s defining feature is the Cedarvale Ravine, which cuts a wide diagonal swath through the middle of the neighbourhood. This ravine provides numerous recreational opportunities. Cedarvale has an established Jewish community that has grown up around the HolyBlossomTemple and Beth Tzedec Synagogue, which are both situated on Bathurst Street. History: Cedarvale’s residential development began in…

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Sump Pumps: Avoiding The Flood

Sump pumps are often a home’s most critical defense in the Spring against water infiltration and damage to interior finishings. In many areas of Ontario, sump pumps are installed as standard in new home construction. However, some buyers can still be intimidated, thinking their home is subject to water penetration. This is not necessarily the…

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GTA Realtors® Release Mid-March Resale Housing Figures

TORONTO, March 18, 2013 – Greater Toronto Area REALTORS® reported 3,594 transactions through the TorontoMLS system during the first 14 days of March 2013 – down 11.5 per cent compared to the same period last year. The number of new listings was up by less than two per cent. “With sales down and listings up…

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Under The Spotlight – Davisville Village

Davisville Village is a centrally located neighbourhood that has always been popular with singles, young couples and families. The Davisville neighbourhood is known for its excellent recreational facilities, outstanding shopping districts, and active nightlife, which includes bars, restaurants and movie theatres. History: DavisvilleVillage is named after John Davis, who immigrated to Canada from Staffordshire, England in…

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Renovate or Buy a New Home?

You are desperate for more living space and now face the big decision – renovate your current home, or buy another one? This decision should be made in a two-step process. Both renovating and buying have pros and cons, and both are stressful, so make the bigger decision first – decide what you want and…

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Under The Spotlight – Leslieville

Leslieville still feels very much like a small village. It’s cozy houses, quaint stores, and tree lined streets, seem surprisingly serene and peaceful considering Leslieville’s close proximity to downtown Toronto. The green and white Leslieville street signs that run along Queen Street were installed in 1987. These historic markers are symbolic of a renewed interest and…

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Toronto Neighbourhoods – Under The Scope (March 2013)

Find your neighbourhood below and see how February’s sales stats stacked up to last year’s. C02 (Annex, Wychwood, Casa Loma, Yonge-St.Clair) Feb 2012 Feb 2013 % Change Active Listings 214 224 + 4.7% Sales 51 50 – 2.0% Average Price $1,158,512 $961,018 – 17.0% Days on Market 18 22 + 22.2% Avg % of List Price…

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