Jul 17

Condos In The Yorkville Annex

Finding the perfect home is not easy. How do you know whether the best property for you would be one of the new condominimums in Yorkville annex or one of the older homes in the inner ring suburbs? Or a town house just off of the downtown area? Or a cottage in the hills? Even if you do have it narrowed down to a property type, there may be hundreds for sale that seem on the surface like they might fit your needs. How will you ever narrow it down? By creating a condominium wish list to give to your real estate agent, who can use it to guide his or her search for your new home.

Price range is obviously going to be the biggest and least flexible limitation on your search. Talk to your bank or get pre-approved for a mortgage to see how much wiggle room you have in your budget. You can get around paying a high price for your new home by being flexible on the location (homes further from the city center or in up and coming areas will be cheaper) or on the size (smaller homes are almost always cheaper unless they're luxury condos).

Next you'll have to compile a list of the hard and fast needs your family has when it comes to living space. If it's absolutely essential that you have an attic or basement for storage, an in-law suite to accommodate your elderly parents, a backyard where your dogs can play, or four bedrooms to accommodate all your children, these things should be at the top of your wish list. If you're willing to be flexible on some of these issues (such as having your children share rooms) you will have more options in your price range.

Move-in readiness is something a lot of homeowners are looking for these days, which often means a newly renovated kitchen and bathroom as well as an open plan main living area with hardwood throughout. If you're willing to put a little work into the home to get it to where you want to be, your agent can often find you a home where you will save a lot on the asking price - perhaps even more than you will need to renovate it to perfection, so if a fixer upper is a possibility, be sure to mention it.

And finally, to help guide your agent you should list some of the things you like in homes but aren't a requirement, such as closeness to public transit, dedicated office space, granite countertops, three car garages, or finished basements.

Jul 16

Buying Your First Home In Riverdale

The real estate market can be daunting to first time buyers, even if you're buying in a small town like Riverdale, Toronto. The popularity of the area and the amount of development that goes on there means that there may be dozens upon dozens of homes for sale in Riverdale at any given time. How, then, can a first timer be expected to choose and buy one? The chief concerns of a first timer are getting what you want and not paying too much for it, so these selection and financing tips may help you.

One of the biggest mistakes first time buyers make is getting in over their heads with regards to their mortgage payments. Too many people expect to be able to buy the same type of home as the one they grew up in, failing to realize that their parents have changed houses several times in their lives and their family size and buying power changed. Unless you've already got children and a large savings account, chances are your best bet is to buy something modest and small, like a condo or town house.

Figuring out how much you're able to spend is a trick that not everyone figures out. Your savings should constitute between 5% and 20% of the home's purchase price (depending on your bank's requirements for a down payment) and your monthly mortgage payments should never exceed 30% of your income. For people who have been renting for a long time (while still able to maintain a balance budge and contribute to savings) this is equivalent to your old rent payments. Remember that if you're buying a condo, you will also have monthly condo fees to take into consideration.

When you actually start to visit properties that are for sale, it's important not to get carried away looking for every single feature you've ever wanted in your life. Sit down before you start your search and decide what you truly need - such as an easy commute to work or a second bedroom for your office. The rest can go on a 'would like' list for the realtor to consider accordingly.

Jul 15

Can You Afford A House For Sale In Toronto

There are not many people who can afford to live in a large home in downtown Toronto. You might be able to find a place that will suit you when you're still single in the form of a condo or a townhouse if you're recently married but it is difficult to find a home with three or more bedrooms and space in the backyard. If you would like those things then you might want to look for a home in one of the communities surrounding Toronto instead of living downtown. You might want to look at a house for sale in Toronto, for example.

Toronto is located just north of Markham and is that perfect combination between still living life in the Greater Toronto Area with all of the amenities and services that includes and the countryside that is still on the edges of this community. If you would like a modern condo with all of the latest features that is cheaper than those available downtown then you will find that here just as easily as you will find two-storey single-family homes with a pool and a swing set in the backyard. The first thing you're going to want to do when looking for properties here in Toronto is to decide what style of home might be best for you and the other people that will be living there.

When you're looking at the choices of properties, you will quickly see that there is real estate that is meant for those that are buying their first home and there are million-dollar houses that are lavish and include a long list of extras that you wouldn't find in the average property. To find out what you can afford, you're going to want to start by visiting your local lending office. And remember that if you are looking into buying one of the Toronto condos available that you will need to pay monthly condo fees as well as your monthly mortgage payments.

Toronto is a great place to call home and there are a number of people who choose to raise their family here. While you're looking for a quieter property, remember that you might have to commute into downtown several times during the week. Some people are looking for a home near a major highway while others want something on the transit route so that they can take the train and leave the car at home.

Jun 26

Real Estate Market News For East York

Whether you're in the market to buy or sell real estate in east York right now, or sometime in the near future, it doesn't hurt to know what is currently going on in the world of the east York real estate market.

Current east York real estate news and market conditions in east York are just a couple of key things to be aware of in east York. Whether you're buying or selling real estate in east York, it's also a good idea to know what homes are currently selling for in the east York real estate market, and that's just one other aspect of the east York real estate market you should be aware of.

If you don't really know that much about east York and what the real estate market is like in east York, the best resource to get your east York real estate news and information from is a real estate agent. east York real estate agents know everything there is to know about the east York real estate market, be it current pricing numbers, how many east York homes sold last month, how many east York homes are currently on the market, and what the average listing and final sales price of east York homes are.

That is all useful information you can use when buying or selling real estate, in east York, or any market, for that matter, but since you're either shopping for, or selling, real estate in east York, you're going to want to focus on the east York real estate market exclusively. The more news and information you have at your fingertips when it comes to the east York real estate market, the better off you will be, when attempting to buy a east York real estate property, or sell of the current east York home you own.

Nobody has ever been steered wrong because they had too much information readily available to them, so keep that in mind when trying to figure what is going on in the world of east York real estate. Once you've been briefed on the east York real estate news of the day, you can go about your home buying search in east York, or prepare your east York home for sale. Good luck!

Jun 25

Searching For St Lawrence Market Condos

When it comes to shopping for real estate in a city the size of Toronto you should prepare yourself for the amount of MLS listings you'll have to go through in order to find that one house that stands out above the rest. A St Lawrence Market condo search is not something that you can complete in an hour and then go on with the rest of your day as if it's no big deal!

Real estate shopping in St Lawrence Market, especially condo shopping in St Lawrence Market is, in fact, a very big deal, and if you don't prepare yourself properly for what you're about to endure then you might come to dislike the home buying process entirely. That would be a shame because there is a lot to look forward to when shopping for real estate, such as the moment of giddy that comes across you once you know you've found the home of your dream.

One of the most important pieces of advice we can give you when it comes to searching the St Lawrence Market condo market is to narrow your options as soon as possible. The more condos you consider, the longer your search will take. However, if the opposite were true, and you were able to narrow the condos you are seriously interested in to a select few it will cut down the amount of time that you will spend searching available St Lawrence Market properties.

It can be difficult trying to determine what the best course of action to take is when narrowing your condo list. There is a lot of amazing condo properties available in Toronto and you're going to want all of them. That's an understandable feeling but one that can be dealt with if you know how to tackle the problem at hand.

The first thing you need to do is make a list of features you want in your soon-to-be new condo suite and which features you absolutely have no interest in. Then you need to decide how much you're willing to spend on a St Lawrence Market condo suite so that you can save yourself from going broke. After that if you can come up with a few select St Lawrence Market neighborhoods that would make for an ideal place you'll be on the right path towards selecting a condo to call home.

Those three aspects of condo buying are vital to the condo search and if you use the answers you come up with in regards to them you should be able to have in your mind a picture of what the condo of your dreams will be. From there you can then browse the St Lawrence Market condo MLS listings and pick out the condos that meet your requirements. Once that has happened it's time to hit the pavement with your condo real estate agent to find your perfect condo!

Jun 12

Riverdale Houses

When it comes to taking advantage of some really attractive and glitzy real estate in Toronto, you definitely owe it to yourself to look at solid listings before you do anything else. No, don't think or make the mistake of thinking that one of these fine properties would be just out of your reach. Not true! Riverdale can offer you a plethora of real estate opportunities that you would be amazed to discover.

First off, you need to familiarize yourself with the Riverdale area. It is a very clean, safe, and thriving neighborhood. Home styles range from mansions of the Victorian type to fancy and modern condos. There are quaint and cute town houses, spacious family homes of the suburban type, and lots in between.

Riverdale is snuggled close enough to Toronto itself. It is a part of Toronto and gives you the chance to take advantage of what Toronto has to offer.

You can certainly have the best of both worlds if you were to live in Riverdale and why? You can live in a quiet corner of Toronto away from the confusion and clutter of a large city while at the same time take advantage of lucrative employment opportunities. In addition, your kids will be able to reap the benefits of being close to some of the finest educational facilities in the country.

At the best of times, almost all of us strive to obtain the balance that would enable us to live in comfort and style and this believe it or not is what you can definitely attain if you were to live in the Riverdale area. A classy city with lots to offer and a lot for you to do. The best of both worlds so to speak.

So why not take advantage of Riverdale's offerings? Why not just give in and allow yourself and your family to take advantage of both worlds? You won't regret it. A great environment in which to live, close enough to all of the basics, and in the middle of great entertainment.

Jun 01

Toronto Brokers

In our modern society, it seems that you can have either money or time, but only rarely both simultaneously. Those who have plenty of time on their hands to search real estate listings or show houses don't work enough to buy one while other people who are working enough to afford a house can't spare the time to dig through the listings and find the right one. It's these people who are in need of real estate brokers. Toronto's real estate brokers run real estate companies that can help you find or sell any house.

When you go looking for a real estate broker's help, however, you'll end up with a real estate agent at your side. Why? Because real estate brokers are managers. They run the real estate companies at which the agents, whose training is in helping people find and sell houses, work. Agents work hands-on with the firms clients while brokers look after the legal and managerial aspects of running a real estate business. So don't be disappointed when the broker won't take on your case directly. By directing you to his or her subordinates, he or she is actually putting you in the most capable hands.

Your real estate agent will take over the day to day slog of your real estate transaction. For sellers, that means promoting and showing the property, for buyers that means searching out properties and arranging for viewings. Both buying and selling agents negotiate on their client's behalf and they are both paid through the commission that comes out of the seller's profits on their home. So how does the broker get paid? The broker gets a cut of your agent's commission as payment for giving them a place to work and the legal protection and licensing that comes from working for a broker.

To find the right real estate company, look in the yellow pages for the ones in your area and visit their offices. Your choice should be the company that made you feel most comfortable, offered you a fair contract, demonstrated capability, and seemed like they had time to take you on alongside their other clients.

May 12

Toronto Condo Or Loft Decisions

If you want to live downtown when you move to Toronto, one of the most desirable neighborhoods is the King West area. Because so many people want to live there, you won't find any detached or even row houses in this area - it's entirely devoted to apartments, condos and lofts. When you're choosing your new living space, it will help you real estate agent if you know which type of real estate you would prefer: a regular condo/apartment or a loft. If you're not sure what the difference is, we can enlighten you here.

Whether you decide to search for condos, lofts or apartments will depend on how you want to pay for your living space in downtown Toronto. When you live in an apartment, you pay for the privilege of living in a unit owned by someone else by handing over an agreed upon sum each month as rent. When you live in a condo, you buy the condo outright like you would a house, by getting a mortgage. You then own the condo but you must also pay fees each month to the condo association to help with the upkeep of the building and the common features shared by all residents (the gym, for example).

Lofts, however, differ from regular apartments and condos primarily by their ceiling height. In Toronto, the average ceiling height in a normal condo or apartment is about eight feet, while in a loft you may have ceilings that soar to ten or more feet, giving you the illusion of more space. Because of the extra vertical space, the loft's designer may decide to give you more floor space for living and entertaining by building an extra half storey for your bedroom, but not all lofts have a bedroom you must access via stairs or a ladder.

Because lofts tend to be created by converting old industrial and commercial buildings (such as factories and warehouses) into living spaces, lofts also typically have more floor space and fewer interior walls than your average condo or apartment. In most condos, the only interior walls in your unit will be around the bathroom, making the unit very echoey. This is fine if you live alone, but if you have a spouse or roommate you may find it difficult to get privacy or quiet time.

Many people prefer Toronto's lofts because they have more character than an apartment. This is due to some of the original factory fittings, such as huge windows, exposed brick exterior walls, and huge unfinished wooden ceiling beams, remain after the conversion. Lofts are also ideal for artists who are looking for a unit where they can both live and work - they will typically use the kitchen and bedroom for living and the living/dining space to work.

May 05

Cabbagetown, Moore Park and Toronto Realtors

Most people who move to Toronto are forced to make a trade off - the more money they save on their home purchase the longer their commute to work will be. If you don't have a limited budget, however, you don't have to make a trade. You can have your single family detached home and still be within a few minutes' commute to downtown. With Toronto's high population density, there are only a few central Toronto neighborhoods where you can find houses that have not been turned into apartments. They include Moore Park, Rosedale, Lawrence Park, Cabbagetown, and the Annex. If you want to buy into any one of these, we recommend that you get a real estate agent's help.

Each of Toronto's neighborhoods has a unique feel to it which is influenced by its history, the type of architecture prevalent in the area, and the people who now make their homes there. A Cabbagetown, Toronto real estate search will reveal that many of the homes in this area are brick row houses formerly owned by blue collar Irish immigrant workers in the early days of industrialized Toronto while the homes in the Annex tend to be large, stately Victorians once owned (and still owned) by college professors who work at the nearby University of Toronto as well as famous Canadian artists and television personalities.

If you want to live in these areas without renting, you will have to have a very large budget indeed. A two storey house in Cabbagetown will cost at least $650,000 while the homes in more upscale neighborhoods like Forest Hill, High Park, Lawrence Park, Moore Park, and the Annex are even more expensive. The average price for two storey homes in Moore Park is the highest in Toronto at $1,100,000. Lawrence Park is a close second at $1,000,000 and Forest Hill comes it at an average of $959,000. Compared to these other areas, the Annex has a comparatively reasonable $880,000 average. Keep in mind, though, that many of the homes in these areas are not small. They were designed as mansions for the rich and to accommodate guests and servants they may have four, five, even six or more bedrooms with costs to match.

Realtors in Toronto typically work for commission, which means they take about 5% of the sale price of the home to be shared among both the selling and the buying agent. If you're buying a multi-million dollar home in a neighborhood like Rosedale, however, you could end up paying your realtor $50,000 or more to do the same amount of work they would be doing to help a buyer find a cheaper home, so you may want to pre-negotiate the realtor's fees before you sign a contract with them.

Apr 28

Yorkville Properties

While most families are scrambling to get out of central Toronto and buy a house in the suburbs big enough to give everyone some personal space, young professionals who are moving to the city looking for jobs in finance and entertainment want to stick close to where the action is. Many of these people zero in on Yorkville as the ideal place to live, as it is close to shopping and convenient to both workplaces in downtown and public transit that can take you all over the city. If you're considering moving to the Yonge and Bloor area of Yorkville, Toronto, we can give you the lowdown.

Technically the intersection of Yonge and Bloor Streets and the accompanying shopping area is part of the Yorkville neighborhood, which is officially considered part of the Annex, a neighborhood known for its Victorian houses and proximity to the University of Toronto. However, you won't find any Victorian houses for sale in Yonge and Bloor. This area is very popular with young professionals, which has resulted in a lot of low and mid-rise condo buildings being erected in the last few years. Many of these buildings house trendy shops at street level. Other notable features in the Yonge and Bloor area include several luxury hotels, including the Four Seasons, numerous offices for professional services, cafes, restaurants, museums, art galleries, and the MTV Canada headquarters. The Toronto Film Festival is also held in Yorkville every September.

The shops on Yonge Street are among the most expensive places to shop in Canada. They include boutiques by Swarovski, Prada, Louis Vitton, Cartier, and Coach. Rents for these shops are over $200 per square foot. Neighboring Bloor Street, which has become home to mid market retailers like Roots, Banana Republic, and the French Connection commands rents of $110 per square foot. So as you might imagine, living space in this area is pricey as well. A no frills two bedroom condo in the Yonge and Bloor starts at around half a million dollars, with prices spiraling up into the millions for penthouses and luxury suites.