Monthly Archives: July 2016

Month: July 2016 Renters are causing demand in new Toronto highrise construction

  In Toronto real estate, a study by real estate consultant Urbanation and obtained by CBC News shows much of Toronto’s high rise construction in 2016 is being fuelled by demand from renters who are either unable or unwilling to pay record prices for real estate. It’s a significant change from the previous decade’s boom, which was spurred primarily by demand from would-be owners. According to the city of Toronto planning department, there were 28 highrise development applications in the first six months of 2016. That’s just slightly behind the pace for 2015, when the city received 59 applications for the year overall, and well above

View Article...

Month: July 2016 Real estate transparency law, how it works

  In real estate law, confidentiality rules mean bidders can’t see contents of other bids, but Ontario legislation has transparency rules, too.   In toronto real estate, when you’re involved in a bidding war for a home and you lose, it can be frustrating and discouraging — even heartbreaking. Especially when you find out that the house was sold for an amount that was only a little bit more than your offer. However, in Ontario’s real estate market, there are legal rules that brokerages and salespersons must follow when a seller receives multiple offers. One of the rules is that

View Article...

Month: July 2016 SPIS real-estate document could induce a path to court

  In toronto real estate, the Seller Property Information Statement (SPIS) continues to be the single most dangerous document in current use in the real estate market. Since 1997, when the form first came into use, there have been 94 reported Ontario court cases centred on the document. Across the country, the total exceeds 250. Many more have been settled or are unreported. More than one judge has written that the SPIS presents a ripe ground for litigation.   In a 2007 decision in the case of Kauffman v. Gibson, Justice Gordon Killeen wrote, “It seems that, in the past

View Article...

Month: July 2016 Low-rise homes have gained impressive 10-year result

  In toronto real estate, further proof that property investment in Toronto hot market has been a solid choice – as if it was really needed. The average price of a low-rise home in the Greater Toronto has more than doubled since 2006, according to the Building Industry and Land Development Association (BILD). The average price in June 2016 was $887,543, up from $393,398 ten years ago. A great deal of the those price gains were made recently. Over the past year, average prices for all low-rise homes in Toronto jumped by over $100,000; the average price was $785,800 last

View Article...

Month: July 2016 For $1 million, you get these type of condos in Toronto

  In toronto real estate, the $1 million condo in Toronto ain’t what it used to be. You’d think this benchmark price would get you boast-worthy pad with lots of luxury features and amenities, but some of the listing out there are downright pedestrian, particularly those located in high demand neighbourhoods. Read it and weep, Toronto. In central toronto real estate, here’s what a $1 million condo looks like in Toronto.   $959,000 in Liberty Village Coming in at under the $1 million mark, this Toy Factory loft is actually one of the nicest on the market in this price

View Article...

Month: July 2016 Rising housing prices bring social revolution in Toronto and Scarborough

  “The city of Toronto as a whole, Scarborough in particular, is in the midst of a social revolution,” says city studies professor July, 2016 is looking to be another record-breaking month as housing prices in Toronto continue to soar. Scarborough, in particular, has seen the steepest increases this year. Prices of single detached houses in the area have risen to an average of $625,000 – a 44 per cent increase since 2012. Are these the tell-tale signs of a real estate bubble? With Professor John Miron from the department of human geography, U of T.   On why suburban Scarborough has seen a

View Article...

Month: July 2016 10 Tips For Using Credit Cards for Shopping Safely Online

    When shopping online, shopping safely online can be a challenge, especially if you stray from the larger e-tailers to get a better deal from a lesser known site. Here are 10 tips to help you gain some peace of mind while shopping online.   1. Check the seller’s customer satisfaction ratings. Other people’s experiences with the merchant that you are considering are often an excellent gauge of what to expect when you order. Review other user’s comments and check out the seller’s rating on sites like Google Shopping. Low “star” ratings may provide a red flag that cautions

View Article...

Month: July 2016 Diabetes and the heart disease

  Diabetes is a disorder in how the body utilizes glucose. Glucose (sugar) is the basic building block of all carbohydrates or starches such as rice, flour (and flour products), as well as ground provision such as yam. It is also the basic building block in sugar. The pancreas is the organ in the body that releases insulin in response to a glucose load in the gut. The insulin then helps the body to absorb glucose into the intestines and muscles so that the glucose can get to the energy-producing machine inside each cell. This helps to lower your blood

View Article...

Month: July 2016 Public transit affects new condo constructions and home values in Toronto

  In toronto real estate, the Cosmos development is part of a residential building boom tied to Toronto’s new transit lines. These are the kinds of homes that planners and developers say will blur the line between urban and suburban living. Public transit access boosts property values, and is increasingly a must-have for GTA homebuyers. Cosmos “is probably the fastest-selling, highest-volume project we’ve done,” said Liberty Development’s Marco Filice. His company bought the site about five years ago in anticipation of the subway. It’s an exciting time in the GTA, with increased possibilities of people living near their workplaces, he

View Article...

Month: July 2016 Do not overlook Type 1 diabetes of the children

  The Colorado School of Public Health nationwide says there are nearly 167,000 children and teens younger than 20 who have type 1 diabetes. Four-year old Parker Campbell was a perfectly happy and healthy child, until four months ago when his mother, Jylisha Campbell, noticed him drinking more water and experiencing extreme fatigue. Parker, just like a growing number of young children was diagnosed with type 1 diabetes. Type 1 diabetes, once known as juvenile diabetes or insulin-dependent diabetes, occurs when the pancreas makes little or no insulin, a hormone that the body needs to let sugar to enter cells

View Article...