Archive for the 'Your Next Move ... Up-Sizing / Down-Sizing' Category
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.
April is just around the corner and the Easter holiday has arrived early this year and there is certainly a lot happening around the city in celebration of the first long weekend of warmer weather. In anticipation of warmer weather and a family filled long weekend, Our Home Toronto has put together a list of our favourite events happening this weekend.
1) The All About Pets Show: Beginning Friday and ending Sunday at the International Centre, the All About Pets Show looks after the four legged member or members of your family. This year marks the shows 2oth year and some of the major highlights include a wellness centre, seminars and shopping for your favourite four legged companion.
2) The One of a Kind Spring Show and Sale: The One of a Kind Spring Show and Sale hits Exhibition Place this Saturday. The show will feature more than 800 artisans and artists and is certainly the place to go if you are looking for that one of a kind gift for a friend or loved one, or if you are just looking to treat yourself. You will find everything from jewelry and paintings to furniture and textiles. Looking for something one of a kind- this is certainly the place to be.
3) Toronto Rock vs. Buffalo Bandits: If you are in the mood for a sports fix this long weekend don’t miss the Toronto Rock vs. the Buffalo Bandits. The games are at the Air Canada Centre which is very centrally located and the ticket prices are reasonable with a minimum ticket price of $18.75. Learn all about the team at www.torontorock.com.
4) Easter “Egg” Stravaganza: Head down to the Toronto Zoo to hunt for Easter eggs and spend the day with animals from all over the world. Sadly, the new pandas can’t been seen by the public yet, we will all have to wait until May for that!
5) Vintage Easter Parade: The Vintage Easter Parade is happening this Sunday with a fashionable stroll down Yonge Street. Young and old can participate and watch the parade for free. There will even be opportunities for photos at Yonge- Dundas Square. The parade route and further details can be found here: http://www.beeskneesdance.com/easter-parade/ Anyone can participate so put on your Sunday best and join the fun!
Tomorrow is Family Day! Ontario residents first started observing the family day holiday in 2008 and there are always a large number of fun, family friendly events that take place around the province and the city of Toronto during the family day holiday. In celebration of family and to help our readers enjoy the holiday Our Home Toronto has put together a list of some Family Day events happening around Toronto. These are just a few of our favourites:
1) Skating: The public skating rinks will be open including the rink at the Harbourfront which is hosting the HarbourKids Skating Festival. The festival will feature skating performances, dancing, theatre and concerts.
2) Casa Loma: Not only is Casa Loma a Toronto landmark but it also hosting a teddy bear extravaganza on Monday complete with a reading of Goldilocks and the Three Bears, tea, hot chocolate and cake. Tickets are $23 for adults and $17.50 for children.
3) Tiff Bell Light Box: The Lightbox will host a whole day of free activities from 10:00am. Arrive early so you and your family don’t miss the magic shows button making.
4) The AGO: The Art Gallery of Ontario is hosting a dance party this upcoming Family Day! For $39 for a family pass (2 adults and up to 5 children) you can also see family films, do a scavenger hunt and even try family yoga!
Welcome to 2013! Another year has come to a close and January seems to be speeding by. 2012 saw the average home price increase strongly and with 85,731 homes sold in the GTA in 2012 the average homeowner made $32,000 in equity. 2012 saw an increase of 7% in the average price of a home in the GTA increasing the cost to an average of $497,298. Along with a look back at house prices in 2012, this month our newsletter takes a look at whether or not you are legally responsible to disclose the fact that you have noisy neighbors. Most lawyers say no but caution you to be truthful if you are asked direct questions about noise. Your home is your safe haven and this month in our ‘House Smart segment we look at how to test for Radon gas as well as some winter safety precautions. And, back for 2013 the ever popular Pearls of Wisdom. Here is a sneak peek: “It’s such a pity that youth is wasted on the young.” – George Bernard Shaw
It is hard to believe that we are already halfway through November. This month in our Real Estate Update in Our Home Toronto we find that the average price of a resale home in October in the GTA was $503,479, a +6% increase from October 2011. Townhomes saw an increase of +3% and condos remained flat at +/- 0%. The average price remains well above the rate of inflation but volume of homes sold is decreasing. This month we also discuss an important court decision regarding the question of whether or not condo corporations need to inspect the unit before issuing a status certificate (for the unit)? In this month’s look at “Personal Finance” we look at three important tips to take into consideration when evaluating adjustable rate mortgages. And as always, we have our ever popular “Pearls of Wisdom- here is a quick preview “The difference between stupidity and genius is that genius has its limits”-Albert Einstein .
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Steps to Restaurants, Shopping, Transit and Parks