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…
Read MoreHouses Are Forever – featuring Elliot Gordon as Agent 00 Sellin
GTA Realtors Report February Resale Figures
TORONTO, March 5, 2013 – Greater Toronto Area (GTA) REALTORS® reported 5,759 sales through the TorontoMLS system in February 2013 – a decline of 15 per cent in comparison to February 2012. It should be noted that 2012 was a leap year with one extra day in February. A 28 day year-over-year sales comparison resulted…
Read MoreCurrent Residential Mortgage Rates – March 4, 2013
Term Rate 6 months 3.95% 1 Year 2.74% 2 Year 2.69% 3 Year 2.55% 4 Year 2.99% 5 Year 2.89% 7 Year 3.59% 10 Year 3.69% Prime = 3.00% Variable Closed (5 yr) = Prime minus 0.60% = 2.40% Variable Open = Prime plus 0.80% = 3.80% Courtesy of John Chrisanthidis, Mortgage Intelligence
Read MoreUnder The Spotlight – Bloor West Village
Bloor West Village is a popular neighbourhood for families. It has many excellent schools and is within walking distance of HighPark – Toronto’s biggest and best known park. This west end neighbourhood is highlighted by the Bloor West Village retail district which attracts shoppers from all over the city. History: In the 1850s, the area…
Read MoreWet Basements: Causes and Solutions
Wet basements can lead to quite a few headaches, for home purchasers, sellers & Realtors. The wrong home inspector can turn a simple, easily fixed leak into a bigger issue or even overlook the issue completely. The concerns of all stakeholders are totally without merit here as high humidity can produce surface condensation, mildew, mold,…
Read MoreBasement Apartment Requirements
1. Containment The containment features provided under this subsection are intended to provide protection for the occupants living in a dwelling unit from a fire occurring in another portion of the building, outside of their control. • A continuous separation with a 30 min. Fire Resistance Rating is required between dwelling units and between dwelling…
Read MoreShould You Break Your Mortgage?
With fixed mortgage rates eventually heading higher, a lot of Canadians will be thinking that if there’s ever a good time to get pre-approved or lock in their variable rate mortgage, this is it. What about people who already have a mortgage? Wouldn’t it be great to get out of that 5.50%, fixed-rate, five-year closed…
Read MoreUnder The Spotlight – Armour Heights
Armour Heights is an established Toronto neighbourhood with a rich history. The Don River Valley, Earl Bales Park and the Don Valley Golf Course form a natural boundary along the north and east end of this neighbourhood. Highway 401, one of Toronto’s main commuter highways winds its way discreetly through the centre of this neighbourhood.…
Read MoreWhere Does Your Public School Rank?
When you are considering buying a home in a particular area, check out how the local public school stacks up against the competition. A top notch public school can have a very positive impact on the value of the home. Many buyers purchase homes specifically because of a high ranking public school, which in some…
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