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Archive for the 'Toronto … Bylaws & Outlaws' Category

James Metcalfe’s June Real Estate Update

June has come and gone but the month’s real estate update proves that May was a great month for the resale value of  homes in the GTA. In May we saw a 5% increase in the price of a resale home versus May 2012. In fact, price growth occurred in all major market segments! And all this growth seems on track to meet the Toronto Real Estate Boards price growth forecast of 3.5% as a whole.

In this month’s update we feature 10 home improvement projects that add value to your home including:

  • Painting
  • Kitchen remodeling
  • Finishing unfinished space
  • Home office remodeling

Also, in our “Legally Speaking” segment we discuss the finer points of walking away from a house deal. This can be complicated so make sure to read carefully. We cover important points such as a buyer’s remorse period and who gets the deposit when buyers change their mind.

Featured this month are some of the highlights from the CAAMP (Canadian Association of Accredited Mortgage Professionals) survey as well as the ever popular “Pearls of Wisdom”

Metcalfe june from James Metcalfe

 

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James Metcalfe’s April Real Estate Update

Spring has finally arrived (sort of) and with it some growth in the average price of a resale home in the GTA. In March, we saw the price of homes increase by 4% versus March 2012 which means the average price of a home increased from $500, 875 to $519, 879. We also saw price growth across all market segments including single- detached homes, semi-detached homes, townhomes and condo apartments. Although we saw price growth there was a 17% decrease in sales versus March 2o12.

This month in our update we look at a case of a couple with two dogs and the importance of examining the building’s certificate of status prior to placing an offer on a unit. Make sure to ask your real estate agent about the certificate of status prior to placing a bid on a resale condo. They should know of any restrictions when it comes to pets and so should you!

We also take a look at some of your electrical questions including examining the electrical capacity of your home and what to do if some of your electrical out lets are not grounded. What are the risks and consequences?

Lastly, and as always we have the popular Pearls of Wisdom. Here is a preview: “Here’s something to think about: how come you never see a headline like ‘Psychic Wins Lottery'” – Jay Leno.

James Metcalfe’s April Real Estate Update from James Metcalfe

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Why is the Competition Commissioner on a Rant … Get The Facts … Please

Lawyer, Author, Consultant, Speaker and Real Estate Authority Mark Weisleder Speaks Out in the name of FACTS!
Canadian Competition Commissioner making headlines with latest application; ignoring facts
The Competition Bureau launched a new application against organized real estate on May 27, 2011. In my opinion, the action is premature and a waste of taxpayer money. To read my full article on the subject, which was published June 6, 2011 in the Toronto Star, please click the attached link.

http://www.moneyville.ca/article/1003342–weisleder-realtors-already-back-more-competition
www.markweisleder.com Author, Consultant, Speaker

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Do you support bike lanes on Jarvis St … will cycilist need full armour to avoid hospitalization?

 
Bike Democracy on Jarvis Street

Bike Democracy on Jarvis Street

 Bike Lanes on Jarvis … In OurHomeToronto

OurHomeToronto has started the process of converting Jarvis Street into a bike corridor marking the first tangible sign of one of city cycling advocates’ biggest victories.
While the installation will cause a few partial lane restrictions over the next week, the road will remain open for all but a day or two of the work. Today, workers will remove parking machines and, once rush hour is finished, the reversible centre lane will be closed to traffic. Over the next week, signs and signals for the centre lane will be taken down. Next Saturday, July 25, crews will paint the bike lanes along Jarvis between Bloor and Queen streets, closing down short sections of the road for a few hours. Sidewalks will stay open. “They should be able to get it done in one day, weather permitting,” said Daniel Egan, the city’s manager of cycling and pedestrian infrastructure. There will be some lane restrictions over the following week as workers install signs and paint diamonds along the bike route. The installation of bike lanes on the street, which is heavily used at rush hour by drivers heading to and from the core, is a major point of contention between municipal politicians and advocacy groups on both sides of the issue.
Cycling advocates argue adding the bike lanes will help bike commuters by connecting to east-west bike lanes on Gerrard and Wellesley, allow residents of the dense neighbourhood along the street to cycle more easily and make it easier for students at schools on Jarvis to cycle. “It’s nice to see a large project moving forward,” said Yvonne Bambrick, executive director of the Toronto Cyclists Union. “It’s been a goal of this city to return Jarvis, which was once a grand boulevard and cultural corridor, to a more liveable street, rather than what it’s become, which is sort of an urban highway.”
Residents of Rosedale and other neighbourhoods to the north, meanwhile, opposed the plan on the basis that it would jam the street at rush hour. A traffic study by external consultants concluded that the bike lanes would add two minutes to rush hour travel time for cars on Jarvis. City council voted 28 to 16 in favour of the plan in May of 2009. In the months since, cycling advocates have had mixed success in getting the city to improve infrastructure for bikes. While council has approved a bike-sharing program to launch next year, it also nixed a pilot project to install curb-separated bike lanes on University Avenue when Councillor Paula Fletcher mistakenly voted against the proposal. The city has also added fewer kilometres of bike lanes overall this year than in past years, Ms. Bambrick said. The issue, however, may not be done for good. Mayoral candidate Rocco Rossi has pledged to remove the bike lanes if elected in the fall. Rob Ford has also been a frequent opponent of bike lanes.
Adrian Morrow … with comments from James Metcalfe
Toronto — Globe and Mail Update

 

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