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Toronto Real Estate Board's MARKET WATCH - April 2019

85 BURROWS AVENUE, TORONTO 85 BURROWS AVENUE, TORONTO,  ON  M9B 4X2 ASKING $ 2,488,000 Property Details List Price:  $2,488,000 Taxes:  $8,665.12 (2018) Lot Size:  45 ft x 112 ft Bedrooms:  4 +1 Washrooms:  5 Basement:  Finished Heating:  Forced Air / Gas Cooling:  Central Air Drive:  Private Double Drive Square Footage:  Approx. 3,070 Sq Ft + 1,440 Sq Ft Finished Lower Level Parking:  Built-In Garage + 2 Spaces in Drive Possession Date:  90 Days or To Be Arranged Property Description Custom Built Home Exudes Timeless Elegance And Functional Design! Situated On A 45 x 112 Ft. Lot On A Tree Lined Family-Friendly Street, This 4 + 1 Bedroom/5 Bath Home Boasts Approximately 3,070 Sq.Ft + 1,440 Sq.Ft. Finished Lower Level. Formal Living Room With Beautiful Millwork, Stunning Kitchen With Centre Island, Thermador Appliances, But...

Declutter Your Home Checklist MAY 15, 2019  | A cluttered home is a cluttered mind. One day, you look around your space and realize nothing is where it is supposed to be and you don’t know how things got quite so messy. Whether you are looking to clean up your life, or tidy up in preparation for a big move, here is a fantastic declutter your home checklist. Outside The Home The best way to effectively declutter your home is to be methodical. By beginning with the exterior of the home you temper expectations of what’s to come inside. This is the perfect time to ensure that your doorknobs are clean and work well and that your front door is not squeaky. If you have a front yard, make sure to trim any bushes that you have as well as deadhead any spent blossoms. Kitchen A commonly heard mantra is “you are what you eat”. What many often forget is that it is equally important to be aware of the environment that your food is cooked in. Get into your cabinets and org...

ANATOMY OF AN OFFER Although geared to the US market, much of this informative video is true in Canada and specifically in Toronto. For more details and guidance on the offer process, it is always prudent to consult with your real estate lawyer or a licensed real estate sales representative. Also, feel free to review these helpful guides: 1. CMHC HOME BUYER GUIDE ; 2. RECO's HOME BUYING GUIDE ; and, 3. TREB's BUYING & SELLING PROCESS . If you do not have your own representation, then please feel free to contact me, SHAWN VENASSE - Sales Representative , at 416.921.1112 or shawn@ellidavis.com . It will be my pleasure always to be of assistance. ( The content contained herein is solely for information purposes only. Furthermore, this post is not intended to solicit anyone under contract. ) #nitsauc

Substantial year-over-year increase in April sales 9,042 home sales were reported through the Toronto Real Estate Board MLS in April 2019, a jump of 16.8 per cent compared to April 2018. The average selling price for all home types combined was up by 1.9 per cent over the same period – the strongest annual rate of growth so far in 2019. Condos continue to trend as a positive driver of year-over-year price growth. However, active listings for the month dropped below levels seen in April 2018 and new listings are not keeping pace with sales - an environment that supports pricing acceleration. This, in combination with the OSFI mortgage stress test, represents a formidable challenge to the first time home buyer, the root of the real estate market.  A report issued May 3rd by Canada Mortgage and Housing Corp. citing that there has been “improved alignment overall between house prices and housing market fundamentals” since the stress test was implemented, can be seen as...

TIPS FOR SPEEDING UP YOUR HOME SALE Selling  your home is a huge undertaking to  begin with, but if the process drags on for months and interest trickles in much slower than expected, it can be frustrating and stressful. To avoid this, there are a few steps you can take to prep your home and sell quickly. DECLUTTER .  Survey your home and store any items that are not essential to the décor of the room. This can include personal photos and mementos, excessive throw blankets or pillows, children’s artwork, vases, lamps, knick-knacks, and more. The cleaner you keep counters, shelves, and mantles, the easier it is for potential buyers to picture themselves in your house. PAINT . A  fresh coat of paint on the exterior or interior of your home can go a long way and is one update you can likely do yourself for fairly cheap. Repaint your home with a neutral color, like taupe, cream, or gray, that will allow potential buyers to easily envision adding th...

RRSP vs. TFSA: Which is the Best Investment Tool for First-Time Home Buyers? So, you've decided you're ready to buy a home. Now the real work begins--saving enough money for a down payment. “It's absolutely critical the down payment is a good size on a first home—somewhere in the range of 10 to 20%,” says Lesley-Anne Scorgie, a personal finance author. “The rationale simply being that the habit of saving is the same habit you'll need for actually owning a home—keeping up with the payments and preparing yourself and your bank account.” There are many online mortgage calculators available to help you determine how much home you can afford. REALTOR.ca's  mortgage affordability calculator  can help guide you through this entire process. It's important to save a healthy down payment to avoid, what could be, steep mortgage insurance fees. To help, the federal government has set up a number of tools you can use to build up sizeable sa...

BUYING A CONDO IN TORONTO It’s 2019 – why are you still paying rent? This is the year that you can change how you invest in yourself. Instead of giving your hard-earned money to your landlord each month, why not invest it in yourself and your own property? It is possible, especially in Toronto! If you work in Toronto, commuting will not necessarily save you money in the long or short term. Living as close to work as possible is one of the smartest financial decisions you can do. So why not step the ante up and see what you can buy? Here are some essential tips to help you buy a condo in Toronto. Redo Your Finances With the market being so hot right now, it’s almost guaranteed that the prices of downtown Toronto condos have increased from the time you began saving for a down payment. So if your budget was $500 000 and you had your eye on a specific type of condo with that price, chances are that condo is now worth $550 000. So either you ne...

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