If you have ever dreamed of owning a home in Toronto, you already know the journey can feel overwhelming. Prices are high, competition is fierce, and the process itself takes emotional and financial stamina. But there is another obstacle that often surprises buyers: the municipal land transfer tax. And the more time I spend with clients, the more I see just how deeply this tax impacts their hopes of putting down roots in our City. Let us start with the reality. With the average home price in... [read more]

Why Do Basements Get Wet? Water is one of the biggest troublemakers for homeowners. It can sneak in through a leaking roof, a plumbing issue, or poor grading—but more often than not, it finds its way in through the foundation walls. Unlike a burst pipe, foundation leaks tend to come and go with the weather. They often hide behind finished walls, showing up only after some time has passed. If you’ve ever had a damp basement, you’re definitely not alone. In fact, more than... [read more]

The Bank of Canada’s Overnight Rate: What It Is and Why It Matters Why Interest Rates Matter to You Interest rates affect almost every aspect of your financial life—from how much you pay on your mortgage to what you earn on your savings. And at the centre of it all is one important number: the Bank of Canada’s overnight lending rate. Once a term mostly used by economists and bankers, the... [read more]

Retirement is such a special chapter. It’s that long-awaited moment to slow down, breathe a little deeper, and finally enjoy the freedom you’ve worked so hard for. For many, that shift often includes moving into a smaller, easier-to-manage home. But while downsizing can feel freeing, it’s important to think beyond just square footage. When planning your next move, it’s worth considering how your home can support your comfort—not just now, but years from now. A... [read more]

Break Up with Your Junk: 8 Easy Ways to Declutter for Good When we think about decluttering, the focus is often on what we need to get rid of. But have you ever stopped to ask how all that “junk” ended up in your home in the first place? The truth is, clutter doesn’t sneak in when you’re not looking—it comes in because we bring it in. Whether it’s a bag of freebies, another sale item you didn’t really need, or that pile of mail that... [read more]

When it comes to your home, first impressions are everything—and your curb appeal is the first thing people notice. Whether you’re planning to sell or just want to enhance your home’s charm, a little attention to the exterior can go a long way. Especially in Ontario, where we experience dramatic seasonal changes, keeping your home looking its best year-round can be a challenge. But the effort is worth it—not just for the potential sale price but for the pride it adds to... [read more]

Spring is a season of renewal, and 2025’s décor trends reflect just that—vibrant, refreshing, and full of life. Whether you’re looking to make a bold statement or simply refresh your space with subtle changes, these spring décor trends will inspire you to create a home that feels both modern and inviting. 1. Biophilic Design & Natural Elements The connection to nature continues to be a dominant trend in 2025. Think earthy tones, organic textures, and an... [read more]

As I’m sure you are aware there have been a number of policy changes and adjustments made to mortgage rules for Canadian homeowners and for first time buyers for 2025. These new rules and adjustments have been implemented with the hope that it will ensure that most middle-class Canadians do not end up paying higher taxes and that it will assist first-time buyers & stimulate new home constructions. Here are just a few of some of the changes taking place. As of January 31, 2025 it... [read more]

We checked in with Tuli Parubets, a local mortgage broker and asked her to explain exactly what second mortgages refer to and what the advantages and disadvantages of taking out a second mortgage can be.  Here's what she had to say. One of the biggest benefits to purchasing your own home is the ability to build equity in your property. This equity can come in handy down the line for refinancing, renovations, or taking out additional loans - such as a second mortgage. A second... [read more]

The surge in home prices since the pandemic has made it almost impossible for first time buyers to get into the real estate without help. It’s not surprising that parents are stepping in to help their children make their home owning dreams come true. “Home buyers relying on a wealth transfer from their parents in order to purchase a home is becoming the norm in Canada,” CIBC report June 25, 2024. The report goes on to say that 31% of home buyers received financial help... [read more]

Are you thinking about buying your first home, upsizing or downsizing, or investing in 2025? Now is the time to get all your ducks in a row. Being prepared financially is an important first step as is knowing all your options. A host of mortgage reforms were introduced in 2024 that can significantly impact your buying power in 2025. From the price cap of insured mortgages increasing to the expansion of eligibility of 30 year mortgages, there is a lot to consider. Saving for a down... [read more]

Gift giving has always been a cherished tradition, a way to express love, appreciation, and connection. However, today the landscape of gift giving has evolved, driven by cultural shifts, technological advancements, and a growing desire for sustainability. As we approach the holiday season it’s important to consider how the gifts we give reflect not only our personal tastes but also our values and awareness of the world around us.  1. Personalization: The Key to Meaningful... [read more]

Whether now is the right time for you to sell is personal to every homeowner. If you’ve decided this fall is right for you here are some more reasons it can be a great time to sell & how to create a buyer friendly home. Advantages to Selling in the Late Fall One school of thought is that late fall buyers may have already narrowed down what they want over the spring and summer and know what they want. Since the market is quieter in the fall there is less competition. Your... [read more]

The federal government has introduced a series of new measures aimed at increasing the housing supply & affordability across the country.  One of the new initiatives being introduced is changes to the rules for the development of secondary suites. This is being implemented to encourage the development of secondary suites in existing residential properties by making use of unused basements, garages, and other spaces. The goal is to reduce urban sprawl by increasing density in... [read more]

A suite of new reforms to the Canadian mortgage rules was announced on September 17, 2024. Here’s what you need to know. The $1 million price cap for insured mortgages will be increased to $1.5 million. This should help more Canadians to qualify for a mortgage with a down payment below 20 percent. Expanding eligibility for 30 year mortgage amortizations to all first-time home buyers and to all buyers of new builds. This reform will reduce the cost of monthly mortgage payments... [read more]

It’s always better to be safe than sorry. With the threat of cybercrimes becoming more and more prevalent we thought it was a great time to talk about different ways you can make your network more secure. There are lots of little fixes you can make to put your mind at ease. Simple fixes like updating your passwords with stronger options and changing them regularly to using a VPN can help protect you from hackers. Passwords One of the easiest things to do is use strong passwords.... [read more]

The Dorothy Ley Hospice is an organization that is close to my heart.They support the community with much needed hospice palliative care, grief and bereavement support. There is support available to individuals and families to live well through serious illness, end of life and loss.  The Dorothy Ley Hospice offers services for people who are suffering from serious illness, and also for their families and caregivers. They have a residence that offers a home-like setting for care during... [read more]

When staging your home it’s all about making potential owners feel like this could be their home one day. Making a good first impression starts as they pull up to the property. A well maintained property lets the future owners know that this property has been cared for right from the front walk all the way to the back garden.  How to get started Stand out front and take note of EVERYTHING that is less than perfect. Don’t forget the flower beds and the lawn, the porch area... [read more]

What is home insurance? In Canada, home insurance helps protect your home &  your belongings in case of theft, loss or damage. It could also cover additional living expenses if you are temporarily unable to live in your home. You are not legally obligated to have home insurance if you own your home outright,though  a mortgage lender will require you to purchase it before the closing date when buying a new home.Although you are not legally obligated to have tenants insurance as a... [read more]

Keeping your laundry room in tip top shape not only saves you money in the long run but it’s better for the environment.  Here’s a bunch of tips and tricks we’ve learned from the experts. Using cold water in the washing machine is not only energy efficient but it is gentler on clothes adding to their lifespan. Eco-friendly products like washing strips, powder detergent sold in cardboard containers and dry balls can all play a role in making your laundry room more... [read more]

With the summer season being so short in Ontario, it’s important to make the most out of every minute we have. With temperatures soaring right now, enjoying your back garden isn’t always easy. Finding a shady spot can be the key to enjoying your garden. Early mornings and after the sun sets can be the most enjoyable times. Using space as you never have before can really open your garden’s potential. Here are some tips and tricks to making the most of hot summer days in your... [read more]

Today we’re going to talk about offer dates and what to expect. Now that you’ve found the home you want to buy, now it’s time to make an offer. Here’s what you need to know. Your offer must include: Your legal name, the name of the seller and the address of the property. This one is pretty self-explanatory. Make sure you use your legal name & that of the seller and that you confirm the address of the property.   The amount you’re offering to... [read more]

Over the years I’ve learned how important it is to be knowledgeable about every aspect of the real estate process and what’s essential in creating an environment that makes for a successful real estate transaction.  Having knowledge of what buyers are looking for and how to assess a home is a big part of my job. I rely on experts in the field and my own experience. Today we’re going to talk about HVAC systems.  HVAC stands for Heating, Ventilation and Air... [read more]

Thinking about buying your first home? Know someone who is? There are so many things to consider, being prepared is half the battle. Understanding what you want and how you are going to get there is an important first step. Saving for a down payment and making sure you have a healthy credit score are two things you can do right now to start you on the road to home ownership. Below we listed a couple of great incentive programs for first time buyers that you might be able to... [read more]

The 2024 annual budget was unveiled last week. Here are some of the highlights as they pertain to housing in Canada. Canadian Renters’ Bill of Rights The creation of the Canadian Renters’ Bill of Rights was announced in the 2024 budget. The bill of rights is intended to more effectively protect tenants and help them realize their dreams of home ownership. The bill proposes: Nationwide standard lease agreement allow tenants to report their rental payment history to... [read more]

As the days get longer and warmer it’s fun to start thinking about refreshing our homes inside & out. We’ve talked to the experts and they’ve given us some great ideas on how to revamp your space without spending too much money. First of all this spring all bets are off. Designers are talking about everything from bold colours & patterns to retro vibes and all things organic. Incorporating reflective surfaces is getting a lot of attention too.  Their advice,... [read more]

It’s so hard to know when “the right time” is to Downsize. There are often so many factors at play. Is your family ready for you to downsize? How will it impact you financially?  Are you ready emotionally? I could go on and on. We’ve put together a list of questions to help you consider if you are indeed ready to downsize to a smaller place, find a new location or both. Are you really empty nesters? It’s hard to know if the kids are going to be... [read more]

Now that March Break is underway I can’t help but start thinking about getting ready for the warmer weather and all it has to offer. In this blog post we’re going to talk about getting your garden ready for spring. It’s a bit early to start planting but here are a few things you can do so that your garden is ready to go. One of the first things you can do is to clear the mulch and debris from around your perennials  and where you’ve got bulbs. This gives the... [read more]

Here’s what you need to know if you are going to be involved in a real estate transaction with a self-represented party where the other party has chosen not to be represented by a real estate agent. It’s important to note that there have been regulatory changes made to the Trust in Real Estate Services Act (TRESA) that came into force as of December 1, 2023. This legislation introduced the Self-Representation Party ((SRP). Under TRESA, an SRP is a person who is NOT a client of a... [read more]

Mortgage Agent Tuli Parubets shares her expertise with us about the ins & outs of what the amortization period is and how it affects how quickly you can become mortgage free. Your mortgage amortization period is the number of years it will take you to pay off your mortgage. Depending on your choice of amortization period, it will affect how quickly you become mortgage-free as well as how much interest you pay over the lifetime of your mortgage (a longer lifetime equals more interest,... [read more]

Who is RECO? The Real Estate Council of Ontario (RECO) regulates real estate professionals in the province. They protect the public interest through a safe and informed marketplace. It is a not-for-profit corporation that is delegated by the provincial government to administer and enforce the Trust in Real Estate Services Act, 2002 (TRESA) and associated regulations. What is the information guide? The guide explains what a buyer or seller should expect when working with a real estate... [read more]

Buying and selling a home is a big decision, when tenants are involved it’s complicated. Here are some things you should know whether you’re buying or selling or home with tenants. Selling a home with tenants In Ontario the home owner is legally permitted to sell a property with a tenant in it. Working with the existing tenants is better for everyone. Being upfront with your intentions gives you both the opportunity to find solutions that work for everyone. The tenants are... [read more]

Whether you are thinking about buying your first home, upsizing or downsizing, or investing there are few things you need to do to make sure you’re ready to buy your new home. Saving for a down payment If you’re a first time buyer the down payment you need will depend on a variety of factors. For a home that is $500,000 or less you would need a down payment of 5% of the purchase price, a home of $1,000,000 you 20% of the purchase price.  Once you know how much you need... [read more]

As the holiday season approaches it’s a great time to think about spending time with family & friends. We’ve got some ideas about how to have a great time. Trying to spend less money this holiday season? There are lots of fun ways to make the holidays less about gifts and more about spending time together. 🎅🏼Secret Santa: Everyone picking a name and buying one gift instead of everyone buying for everyone. 🎅🏼An event: Getting together as a group to go... [read more]

Looking to update your Holiday decorations this year? We’ve been asking around and here are some hot new trends for 2023. Soft neutrals were big this fall and they are still hot for this holiday season! Calming tones like muted grays, soft blues and pale pinks give off an elegant vibe. Using these soft neutrals with vintage inspired glassware, ornaments and nature inspired themes gives an elegant, subtle vibe to Christmas decor. Pine cones, wreaths, & urns brimming with cedar... [read more]

Now that Halloween is behind us and the clocks have fallen back it’s time to start thinking about preparing our homes for the winter season. Making sure both your home and property  are safe & ready for the winter months ahead will give you the peace of mind you deserve. Did you know that the Ontario Fire Code  requires every home to have one or more working smoke alarm(s)? It’s also important to know where they should be installed, all the different options and how... [read more]

The feng shui principle comes from an ancient Chinese poem. It is the practice of arranging furniture and decor pieces in a way that is in balance with the natural world. The goal is to create a space where the individual and their environment establish harmony while harnessing energy forces. Here’s a few pointers on how to achieve feng shui in your home. The essential principles of feng shui one must consider in your home are: the chi, the commanding position, the bagua and the five... [read more]

Believe it or not but it’s time to prepare your home for the winter season. Now is the time to make sure that your home & property are ready for the cold weather. As the days get shorter, make sure that your outdoor lights are working, don’t forget the lights at the side door and by the walkways. This will not only make it easier for your family & guests to access your home, it can deter unwanted visits from both animals and humans. With winter coming you want to make... [read more]

As the nights cool down and the leaves start to turn we feel autumn setting in. Fall is here offering us a great opportunity to embrace the change in the seasons. Pumpkin spice and plaid blankets are just the beginning. Here are some new, fresh ideas to update your home for the fall season in 2023. Colour Palettes: While traditionally we think of red and orange as fall colours this season designers are talking about adding more neutral palettes to your colour schemes. Incorporating chocolate... [read more]

In plain English an easement gives a person, company or government the right to use someone else’s real estate for a specific purpose. The most common easement is a right of way which lets someone pass through your property without trespassing. The property owner still owns the land, but they have given someone the right to use the land in a particular way. Easements are different from leases or rentals as they don’t involve payments. The property owner has just given someone else... [read more]

Fall can be a great time to sell your home. Here are some tips and tricks to ensure that you are  letting prospective buyers see your home in its best light this fall season. Clean the furnace & chimney  Having a warm cozy home creates a great ambiance on a cool fall day. Have the furnace serviced and make sure the chimney is in good working order. At the very least change the furnace filter and sweep out the fireplace. Clean the gutters A gutter that is full of... [read more]

Whether you’re doing a full scale kitchen renovation or just trying to live a more sustainable life there are lots of things you do in your kitchen to lower your carbon footprint to live a more sustainable life. Refacing Cabinets If you just want to update your kitchen, think about refacing your cabinets. It’s an inexpensive way to not only update the look of the kitchen but if done properly your cabinets will be more durable, and it keeps your cabinets out of the landfill &... [read more]

Open houses and private showings are a great way to see a home up close and personal. It’s not all fun and games though. You want to make sure you make the most out of your visit. Make a list Have the listing address with the date and time on it. If you’re looking at multiple properties it can be easy to confuse one location with another.
 Note things that stood out, good or bad. Lots of cupboard space, unpleasant smell in the basement…
 Have a list of things you... [read more]

Thinking about buying your first home? It can be really overwhelming. Step number one is securing your down payment. There are several different incentive plans you should look into to see if you qualify.  First Home Savings Account (FHSA) A First Home Savings Account (FHSA) is a registered plan allowing you, as a prospective first-time home buyer, to save for your first home tax-free (up to certain limits).  The account has a $40,000 lifetime contribution limit and grows tax... [read more]

Once you’ve decluttered & depersonalized your space, hiring a handyman to make sure that everything is working and is in tip top shape is the next step. A fresh coat of paint can make a HUGE difference too. The next item on the list that is often overlooked, maximizing your lighting.  What can good lighting do for you? 💡A properly lit space looks bigger.  💡You can use lighting to draw attention to features that you want to emphasize.   💡Lighting also... [read more]

When making an offer on a home, the deposit is an integral part of the process. Not only does the deposit provide security to the seller, it is also a show of good faith. The deposit forms part of the agreement. The contract is firm and binding even without the deposit. When do I pay the deposit? In Toronto the deposit must be paid within 24 hours of the offer being accepted. If you are in a scenario where multiple offers are being made, attaching the deposit cheque to the offer could give... [read more]

Did you know that 1 in 4 Canadians plan to purchase an investment property in the next five years? Are you one of them? Here are some things you should know before deciding whether purchasing an investment property is right for you and how to make it happen if it is. Why invest in a residential property? ✔️Long term value appreciation ✔️Positive cash flow ✔️Low maintenance costs  Did you know… ➡️The earlier you start investing in real estate the more likely... [read more]

43 Rathburn Rd is located in Islington Heights, a part of historic Islington Village.  Islington Village is a highly desirable place to live in Toronto's west end. The "village's" gracious homes are mostly surrounded by green spaces, with both Mimico Creek and Islington Golf course winding through its core. A stunning enclave is Hampshire Heights, nestled next to the picturesque park of Echo Valley. You'll find many lovely homes set on mature lots. Most date from... [read more]

As summer approaches it’s fun to think about updating your home with a fresh look. As far as paint colours go the experts are talking about classic neutrals to earth tones to vintage-inpsired hues. HGTV is loving Coventry Gray by Benjamin Moore, Pigeon by Farrow & Ball, & Aloof Gray by Sherwin-Williams to name but a few. Using these colours to refresh kitchen cupboards or window frames, update upholstery & accessories, and freshen up the walls is a great way to give your home... [read more]

Staging your home really just means how you are preparing it for sale. The idea is that you are setting the stage so that prospective buyers can picture  themselves living happily in their new home. It can be anything from simply cleaning & decluttering, to removing and replacing furniture, & adding home furnishing accessories. The goal is to create a space that feels move-in ready. There are 3 options for home staging, doing it yourself (DIY), enlisting the help of your real... [read more]

What is a First Home Savings Account (FHSA)? A First Home Savings Account (FHSA) is a registered plan allowing you, as a prospective first-time home buyer, to save for your first home tax-free (up to certain limits).  The account has a $40,000 lifetime contribution limit and grows tax free. After 15-years the account can then be rolled into the RRSP without affecting RRSP contribution room. Effectively it gives anyone who qualifies for the FHSA an extra $40,000 to contribute to... [read more]

Having a clean home is known to reduce stress, improve health, increase productivity and build self esteem. A good spring clean will help to significantly reduce the amount of dust in your home. Once you’ve cleared the clutter from each room experts recommend you clean the whole house rather than tackling one room at the time, starting at the top and working your way down. Once you’ve got your cleaning supplies organized it’s time to get to work.   Why is dust the... [read more]

Now that March Break is underway I can’t help but start thinking about getting ready for the warmer weather and all it has to offer. In this blog post we’re going to talk about getting your garden ready for spring. It’s a bit early to start planting but here are a few things you can do so that your garden is ready to go.   One of the first things you can do is to clear the mulch and debris from around your perennials  and where you’ve got bulbs. This gives... [read more]

What is a Power of Attorney (POA)? It is a legal document that gives someone you trust the right to make financial or health care decisions for you. This trusted person does not need any special qualifications; they need to be someone you trust to have your best interests at heart. There are two kinds of POA’s; Personal Care and Property, we will be focusing on the Power of Attorney for Property.   A Power of Attorney for property can make decisions about your... [read more]

Are you interested in rental income? Thinking about downsizing? Are you looking for a rental opportunity? If you’ve answered ‘yes’ to any of the questions, laneway houses might just be the answer. Laneway houses are being suggested as one way to gently increase density in the city of Toronto, referred to as the “missing middle” solution to the housing crisis in Toronto. Other types of more traditional kinds of “missing middle” solutions are duplexes,... [read more]

Now that  winter has finally arrived, knowing what to look for to ensure that your roof is in good shape can save you thousands of dollars in the long run.  Inspect your roof after heavy winds, strong rains or large snow falls: Remove any snow & ice build up Depending on where you live and the type of buildup there is you might want to hire a professional. Flat roofs are especially susceptible to snow accumulation damage. Keep the gutters clean The gutters collect... [read more]

A home inspection provides the potential buyer & the current homeowner with the information they need to make an informed decision when buying or selling a home. The inspection should include an examination of: Electrical Plumbing Heating Roof Foundation Interior & Exterior  The home inspection can uncover issues in the home that can be expensive to repair such as problems with your HVAC, faulty wiring and plumbing issues. You are looking for major deficiencies... [read more]

Whether you’re thinking about moving out for the first time, buying your first home or upsizing, maybe downsizing, it’s important to know where you stand financially so you can make well informed decisions that will work for you today and set you up for success in the future. With that in mind we talked to some experts and here’s what they suggested were the most important financial goals to achieve in 2023.   1. Pay Down Debt The number one goal should be paying off... [read more]

Thinking about shaking it up this festive season but aren’t sure where to start? Here are some GREAT Christmas traditions you might want to incorporate into your family’s celebrations.   On December 3rd Norwegians start to celebrate  "julebord", with friends and coworkers filling up local bars and restaurants throughout the month. Families then celebrate Little Christmas on Dec. 23; each have their own ritual for the day that may include decorating the tree,... [read more]

Here are some great hostess gift ideas. Not only do they have some tradition behind them, you can pick all of these gifts up from small local businesses and help support our community this holiday season.   Candles are a great hostess gift any time but have a special meaning during the holiday season. The significance of lighting candles varies throughout the world. Many different cultures have used it as a sign that the home was safe for a religious figure to enter the home under the... [read more]

Now that Santa Claus is heading back to the North Pole after his parade, it's a great time to start talking about what the holidays are going to look like.   Trying to spend less money this holiday season? There are lots of fun ways to make the holidays less about gifts and more about spending time together. Secret Santa: Everyone picking a name and buying one gift instead of everyone buying for everyone. An event: Getting together as a group to go ice-skating, going caroling,... [read more]

As the days start to get cooler now is the perfect time to make sure your home is ready for winter. With the cost for everything at record highs we’ve found some simple ways for you to prepare your home to be as energy efficient as possible with a few easy tweaks. 1. Make sure you’ve got your ceiling fans rotating the right direction.  It’s an easy fix that can make a big difference.  In the winter your ceiling fan should be spinning clockwise, it creates... [read more]

Did you know that the Ontario Fire Code  requires every home to have one or more working smoke alarm(s)? It’s also important to know where they should be installed, the different options and how to maintain them so that you can keep your family safe and sound.   How many do you need? ➡️Smoke alarms should be placed on every level of the home, and preferably in every bedroom. ➡️Depending on the age of your home smoke alarms may also be located inside each bedroom as... [read more]

Thinking about buying your first home? Finding out more about the First-Time Buyers Incentive program is a great place to start. With high prices and raising interest rates, first-time buyers need all the help they can get. The First-Time Buyers Buyer Incentive (FSTBI) can help make your mortgage payments more affordable. What is the First-Time Buyers Incentive program? It is part of the federal government’s National Housing Strategy designed to help middle-class first-time homebuyers... [read more]

Do you have the urge to purge but have no idea where to start? We asked local organizing & downsizing expert Justine McVeigh of Just Downsize to share some tips, tricks & techniques on how to reclaim your basement. The basement may be the area in your home that you avoid the most. Even the most organized among us can be guilty of thinking, "I'll just put that there for now," when unsure of what to do with a new or unfamiliar item; only to forget about it later. Before... [read more]

Buying a fixer upper can mean the purchase price is less and the upgrades you make are customized to suit your needs and taste. Did you know that qualifying homeowners could access the Purchase Plus Improvement Program to fund the renovations upfront? The PPI program combines a home improvement loan with your mortgage in one convenient transaction. Deciding whether that is the right choice for you is something you would want to discuss with a mortgage specialist.   THE TOP FIVE Creating... [read more]

The first step to becoming a homeowner is getting a pre-approved mortgage. For more on that please visit our blog "What First-Time Buyers Need To Know About Pre-Approved Mortgages''. The next step is figuring out where you want to live. Check out our blog "Location, location, location..." for tips on how to figure out the perfect neighbourhood for your family.   Now that your finances are in order and you know what neighbourhood you want to live in it's time to... [read more]

Whether you are a first time buyer, or a seasoned homeowner upsizing or downsizing it’s really important that you know what you want in a new home. It’s not just about the actual home you are buying you need to consider, it's also about what the neighbourhood has to offer. There are lots of things to keep in mind, here’s a list of a few things you might want to consider. When making any of these decisions don’t just think about what you need today, give some thought... [read more]

Mortgages have changed and so has the market. We checked in with Tuli Parubets a local mortgage broker and asked her what her advice was for First Time Buyers trying to get into today's market. Here's what she had to say. First Time Home Buyer: 10 Things You Must Know! 1.Know how much you can afford Create a budget, incorporate all your expenses, it's not only about how much you should buy the home for, it's also what your monthly payment will look like. 2. Make a wish... [read more]

When you are buying a new home there are lots of checklists. Everything from financial checklists, to packing lists & beyond. There’s one checklist that people sometimes forget. Don’t worry we’ve got you covered, it’s the list of some of the things that you need to be in place when you move in.   The MOVE-IN READY checklist   Internet & Cable Who is the internet provider in your town/city/ condo? What kind of internet do they provide?  Who... [read more]

Dreaming of Homeownership? Many of us dream of owning our own home but how do you know if it’s really right for you? Here are some things to consider when thinking about renting vs buying. RENTING ✔️Renting is cheaper than buying When you rent a property all you need is first and last month’s rent. When you are buying you need a down payment, and the bigger the better. Tenants don’t have to worry about property taxes, mortgage payments and the upkeep of the... [read more]

Property tax rates are often an overlooked expense during the home-buying process that catches many off guard. Here’s some information that we thought would help give you a better understanding of how they work, what they’re used for and how they will affect you as a homeowner.   Property tax is a levy based on an assessed value of property. They pay for the things we use everyday. This includes the building of roads, transit, libraries, emergency services, waste & water... [read more]

Buying a condo can be a great option for a first-time buyer, someone planning to downsize or as an investment property. It's important to understand what condo fees are & how they work. These are answers to some of the questions we are asked the most. What are condo fees? Condo fees (aka maintenance fees) are the monthly contributions made by the unit owners to the condo corporation. They are the same costs that you would incur as a homeowner but the money from all the condo owners... [read more]

What exactly is a reverse mortgage? Also known as an “equity release”, a reverse mortgage is a loan that allows you to get money from your home equity without having to sell your home. You can borrow up to 55% of the current value of your home.    Who qualifies for a reverse mortgage? You must be 55+ years old, and the homeowner. The home must be your primary residence.   What will lenders take into consideration when reviewing your application? 1. Your age AND... [read more]

What is the Mortgage Stress Test? The mortgage stress test are rules that mortgage lenders use to calculate whether or not you qualify for a mortgage & the size of the mortgage. ➡️It is used to determine if you’ll still be able to pay your mortgage should interest rates rise. It is used to determine the “minimum qualifying rate”. As of June 2021 the minimum qualifying rate in Canada was 5.25%. Who has to take a mortgage stress test in order to qualify for a... [read more]

Getting a pre-approved mortgage is the first step in the home buying process. ➡️In today’s market most sellers expect potential buyers to have a pre-approved mortgage. ➡️It gives potential buyers the opportunity to discuss loan & budgeting options. ➡️A pre-approved mortgage helps you understand how much you can afford to spend. ➡️It also gives potential buyers the ability to move quickly when you find the home you want to buy. What is a pre-approved... [read more]

It’s been a long cold winter, now that the weather is getting a bit warmer it’s time to start thinking about spring maintenance. After listening to the experts we’ve created a checklist that you can use year after year to make sure that your home stays in tip top shape. Clean your gutters and downspouts. Making sure your gutters are cleared out early in the season will protect your home from damage by spring rains. Remove any debris, repair any holes & make sure the... [read more]

Etobicoke started out as a uniquely distinct collection of villages and small towns. Today it is home to some of the most sought after residential neighbourhoods in the Greater Toronto Area.  Did you know… “Etobicoke” is derived from the Ojibwe word "wadoopikaang," which refers to a place where alder trees grow. FUN FACT: Not everyone knows the ‘k’ is silent. In the Netflix documentary ‘Don't F**k with Cats: Hunting an Internet... [read more]

Spring is right around the corner. I don’t know about you but I want to be ready to enjoy every last minute of it. Here are some tips and tricks on how to make spring cleaning fast & easy! Clear the clutter Go through the house and pick up the clutter. Old magazines, old beauty products, books you’ve read, old slippers… Think about what you can store for the season, throw out, donate or repurpose.  If you’ve got old tea towels or bathroom towels that are... [read more]

This is something that most of us haven’t had to think about for a while. Now that Canadians have finally been cleared to travel we thought some tips & tricks from the experts to help keep your home safe while you’re on holiday would come in handy.   Plan ahead  ➡️Have your mail & newspapers put on hold. ➡️Make sure the batteries in your smoke detectors are working. ➡️Give your home insurance a quick once over. You’ll probably be surprised... [read more]

A good credit score gives you access to more money at a lower interest rate. In Canada, you need a credit score of 680 or above to qualify for the best mortgage rates, although some mortgage providers will give you a mortgage with a credit score of 600-680 but at a higher interest rate.    What is a credit score? Your credit score is an expression of your credit report which is based on your credit history. It suggests to a lender the risk you represent compared to other consumers.... [read more]

What Is Mortgage Default Insurance? When thinking about buying a new home it is important to know that Canadian banks can only provide mortgage financing to qualified homeowners with at least a 20% down payment, unless the mortgage is insured against default.    This is where CMHC, Sagen & Canada Guaranty come in. They all offer mortgage default insurance (also known as mortgage loan insurance). CMHC is a publicly owned corporation while Sagen (formerly known as Genworth... [read more]

Three things that I think will make your experience successful!  1. Buyers need to be able to see your home as their new home and ALL that it has to offer. 2. You need to be prepared financially. 3. You need to work with someone who has extensive knowledge of the real estate market in your area.   Get your home in order ⚽️Starting to make a list of repairs that need to be done is a great start.      ⚽️Decluttering room by room is also a great way to... [read more]

As the new year starts designers are talking about biophilic design and sustainability. Both these principles are inspiring how we are designing and decorating our homes. What exactly is the biophilic design principle you ask? How can we live more sustainably?    Biophilic design principles mean emphasizing creating calming environments with natural lighting, ventilation and incorporating plants and natural inspirations. How to do it:  🍃new plants 🍃wallpaper with... [read more]

There are lots of great things to do outside in Toronto this holiday season. Here are some great options we have discovered that we wanted to share with you.    Nathan Phillips Square Cavalcade of Lights  🎄60 ft Christmas tree 🎄Family friendly activities 🎄Night time skating   If you find Nathan Phillips Square too busy, check out Natrel Rink at the Harbourfront Centre.    The Distillery Winter Village An intimate, picture-perfect holiday... [read more]

It looks like the holiday season 2021 is going to be a bit more like normal this year. If you’ve been lucky enough to score some invites, we found some great stories behind some of the more traditional hostess gifts we thought you might enjoy. Plants A great gift that reminds the recipient that you appreciated their invitation. It can be enjoyed for years to come (depending on how green the hostesses thumb is). Rosemary It is believed that smelling the rosemary plants leaves on... [read more]

The Walk Score is a tool that measures the walkability of any address using a patented system. It can provide important information in making decisions when you are buying a property and can give insight to what others could value when selling your home. It’s important to be clear that it is one tool of many that can be used to assess the value of a property to a potential buyer.   How does it work? It’s easy, just input the address of the property you are buying or selling,... [read more]

A quick reminder of the last few things you need to take care of before you can confidently say that your garden is ready for the winter.  First off it’s suggested that you stop watering your garden after the first frost though your trees & shrubs can be watered until the ground is frozen over. Most importantly: 🚨Shut off outdoor faucets & drain the garden hoses Also pretty important: 🌳Fertilize the lawn 🌳Add mulch the roses bushes 🌳Protect small... [read more]

We have consulted the experts and here’s what you need to know. First off, The Ontario Fire Code  requires every home to have one or more working smoke alarm(s). Knowing that, let’s get down to the specifics. Where they should be installed, what kind you should have and how to maintain them so that you can keep your family safe and sound.   Location, location, location ➡️Smoke alarms should be placed on every level of the home, and preferably in every... [read more]

Now that Thanksgiving is behind us, let's start getting into the Halloween spirit! Spirit, get it?!  There are lots of ghosts roaming around the city that you may not know about. Consider yourself warned this information is not for the faint of heart! 🎃Humber College Lakeshore-3199 Lakeshore Blvd W🎃 The Humber College Lakeshore campus used to be called the Mimico Asylum. It was a psychiatric hospital that operated from 1889 to 1979. There is a cemetery on site that is... [read more]

Now that we’re starting to socialize a little bit, here are some great conversation starters about our beloved Toronto.   What does “Toronto” mean? Toronto is derived from the Mohawk word tkaronto. It means “where there are trees standing in water”.    Who lives in Toronto? Did you know that nearly half of the population of Toronto was born outside of Canada? Toronto is recognized by both the United Nations and the BBC as the most multicultural... [read more]

Have you been thinking about trying to live a more sustainable lifestyle?  We asked the experts for ideas to help us and here are some great ways to save money & energy and live a more eco-friendly life. There are some great reminders and a few new ideas that can help you help us on our way. Turn off the lights 💡Turning off your lights is one of the easiest ways to save some money and reduce your carbon footprint.  💡Want to take it a step further? Switch to LED... [read more]

As summer wraps up it’s time to start thinking about getting your garden ready for the fall & winter AND the spring. After consulting the experts we’ve put together a list of some things you may want to do to ensure that you can enjoy your garden for as long as you can this fall and that it’s ready to go in the spring.   Don’t stop watering just yet. You should continue to water shrubs and trees up until the first frost but stop watering tuberous... [read more]

There are lots of ways to celebrate the purchase of a home with family, friends, and new neighbours. Here are some lovely traditions from around the world. Light a candle on your first night It is considered good luck to light a candle or a fire (assuming you have a fireplace) on the first night in your new home. This tradition dates back to pre-electricity days when it literally warmed the new abode. Bring bread & salt Bread and salt are two important symbols of hospitality in many... [read more]

Why would someone need to have a co-signer for their mortgage? Tighter mortgage qualification rules & high priced real estate have made it harder to qualify for a mortgage these days. Even though they may have a great new job with a decent income and a sizeable down payment they still may not qualify. Having a third party co-sign the mortgage may be the solution. What does it mean to co-sign a mortgage? ✔️Your name appears on the title of the property  ✔️You must sign the... [read more]

Do I need Home Insurance? If you own your home (or condo) outright you are not legally required to have home insurance. However, if you are applying for a mortgage your lender will require you to purchase housing insurance before the closing date.  If you rent your home you are not legally required to have renter’s (tenant) insurance but often it is a term of your rental contract. Do you know what your home insurance policy should cover? (depending on the policy) ⭐️... [read more]

What is the First-Time Buyers Incentive program? It is part of the federal government’s National Housing Strategy designed to help middle-class first-time homebuyers across Canada buy their first home. The First-Time Buyers Incentive program is designed to lower the monthly mortgage payments without increasing the amount of money you need to save for a down payment. Simply put, it is a shared equity mortgage. The program offers 5% - 10% of the home’s purchase price to put toward a... [read more]

1. Liven up your containers by adding some sun-loving annuals to your pots Here are some good options 💐 zinnias 💐 calibrachoas 💐 petunias  💐 geraniums 💐 begonias 2. Add some new plants Look for “drought-resistant” and “heat-tolerant” They will only require minimal maintenance and only regular watering. Think about plants that smell good or produce fruit for a nice surprise.   3. Add mulch A new layer of mulch will not only make... [read more]

It may finally be time to start thinking about hosting a garage sale! As Ontario opens up and we try to figure out how we’re going to be spending our summer, garage sales feel like a safe bet. Not only does it give us the opportunity to continue the great purge of 2020-2021 but we can reconnect safely with neighbours outside.   A month before the garage sale   Decide on a date  Check to see if your local residents' association or local charities are organizing a... [read more]

Moving into a new home is so exciting, packing up everything you own, not so much! Here are some tips we learned from the experts over the years that can make the whole process as painless as possible. It’s amazing how just doing things in the right order can make the experience so much easier.  ONE: Book the movers: Ask friends or your real estate agent if they recommend anyone, compare prices and get the movers booked. Now that you’ve got the final part of the move taken... [read more]

The pandemic has changed the way we live and there is no doubt that what buyers are looking for in a home has changed. As people adapt to this new way of living they are reconsidering what they are looking for in their future home. Potential home buyers have a whole new list of priorities. This is what we’ve heard from buyers... Flexible layouts to accommodate multiple home offices, exercise space, and a need for privacy. Reimagining floor plans is a new art. Traditional homes... [read more]

Buying and selling a home in Ontario can be overwhelming. There is a lot of important paperwork involved and it can be confusing.  OREA (Ontario Real Estate Association) has created a standard set of forms that can be customized for each individual transaction. It’s important to understand that in Ontario: 📝 All Realtors (also known as real estate agents)  work for and represent a Brokerage. 📝 The agreements you are signing are between the Brokerage and yourself... [read more]

Thinking about selling your home? Here are some tips & tricks we’ve learned along the way to help make sure that potential buyers see your house as their future home. The goal is always to create a space that potential buyers can see themselves living happily ever after.    Declutter, declutter, declutter. This is a great time to donate & recycle items that you aren’t using anymore.  Go through every room & closet in the house, don’t forget... [read more]

Closing costs are the additional fees that you need to pay on the closing date. The closing date is when the transaction is finalized and you officially become the new homeowner. They include land transfer tax, legal fees, and the fees your lawyer has already paid on your behalf.    These are costs that have to be paid at the time of purchase, on top of the down payment. They usually range from 2% to 5% of the purchase price of the home. It is crucial to factor closing costs... [read more]

Buying your first home is exciting, and stressful. We’ve put together a list of things you need to consider before taking the big leap into homeownership. ONE: What can you afford? The first thing you should do when you are considering buying a home is figure out what you can afford.  You need to know your annual income, living costs, condo fees (if applicable), heating costs… You will also need to list any credit card debts, loan repayments… We’ve got a... [read more]

Mortgage terms can be confusing, we hope this list of some of the most common terms is of assistance. A mortgage is a loan for a property that you own & it is secured by a lien registered on the title of your home. It can be repaid in regular weekly, biweekly or monthly installments. It usually pays down both principal & the interest & the payment may also include a portion of the property taxes. The term is the length of time you have committed to a mortgage rate, the lender... [read more]

The folks at Downsizing Diva introduced us to the Random Acts of Kindness Foundation and we are so happy that they did.  Not only is February 14 - 20, 2021 Random Acts of Kindness week but tomorrow, February 16, 2021, is Random Acts of Kindness Day!  Sometimes we need a reminder to be kind to those around us, especially in challenging times like these. It’s interesting though, being kind is as beneficial to oneself as it is to the recipient.  “Kindness has... [read more]

With 2021 well underway now is a great time to take some steps to set yourself up for financial success. We’ve talked with the experts and here is what we heard over and over again.  Four financial goals everyone agrees that you should tackle in 2021: 1. Pay Down Debt The goal should be paying off ALL your credit cards as fast as possible and then paying them off every month. Consider consolidating all your debt into one more manageable payment. This is not only good for your... [read more]

At this time of year, many of us make New Year’s resolutions to get in shape, eat better, or be more organized.  The problem with these resolutions is that they are much too general.  If you  “want to be more organized”, I would ask, “WHAT do you want to organize?”  If you answered: “my photos” I would say, “That’s a great place to start!!”  This is a project that can be completed relatively quickly,... [read more]

What is a Title Search? It is a preliminary report, usually ordered by the lending institution that is financing a home purchase request.  It is an examination of the history of the property in question to make sure that there aren’t any issues that could prevent the buyer from becoming the new owner of the property. It is conducted on the names and addresses of the current property owners to uncover any documents of public record that might affect the lenders’ or buyers’... [read more]

This year Christmas is going to be a little different. Here are a few traditions from around the world that might be fun to incorporate into our celebrations. Looking for something to do on Christmas Eve? In Iceland, in a tradition called “Jolabokaflod” or the Yule Book Flood, they exchange books with one another on Christmas Eve and then spend the evening cuddled up with hot chocolate. Please feel free to swap out hot chocolate for your beverage of choice. Does a big turkey... [read more]

First things first, it’s pronounced “hue-guh”. It’s a Danish word used to describe the feeling of achieving a sense of well-being. It really describes the idea of being cozy, special, or charming. A state of mind, if you will, that is calm, slow, and content. Collins English Dictionary defines the word as "a concept, originating in Denmark, of creating cozy and convivial atmospheres that promote wellbeing." Hygge recognizes that the small things in life are... [read more]

Moving isn’t fun, I don’t care what anybody says but if you’re organized it can be a lot easier than one would imagine. Something to take into consideration is how the move is going to affect your pet. The easier it is on them, the easier it will be on you. Here are some tips and tricks to help make your move as stress-free as possible for your furry family members. Contact your vet If you’re moving out of the area ask for recommendations for a new vet and ask your... [read more]

As the cold weather approaches, we thought it was a good time to share some of the little fixes that can make a BIG difference to how much you enjoy your home this winter. These little tweaks will not only save you money, but they will make your winter more enjoyable and when spring finally arrives you’ll be better prepared to enjoy it as soon as it arrives.   1. Drain the hose: Remember to turn off the water supply from the inside and store your hose away for the winter.... [read more]

Does painting a room in your home sound like something you’d like to take on but aren’t sure if you’re up for it?  Here are some tips from experts that we thought would help.   Apparently, success in painting your home yourself depends on one thing: How much prep work was done. Who knew? Here are some tips we’ve picked up from the pros.   Advanced prep work in 6 easy steps -pull furniture away from the walls and out of the way if possible furniture... [read more]

Many industries have been transformed by automation: retail, finance, and manufacturing. Home construction, however, has been slow to adopt innovations in automation – but that’s all starting to change. After decades of research on construction robotics, new technology is beginning to emerge that could potentially make home construction safer, faster, and much more efficient. Meet the robots that could build your future house. Machines That Drive Themselves Autonomous machines... [read more]

Q: What’s my stuff worth? A: It all depends on who you ask! In the past few years, I have learned that things people think are worth money often are not, while the value of items thought to be worthless, can be surprising! The only way to find out for sure is to source interested buyers and ask what they are willing to pay.  Ask about an AUCTION. Sending surplus items to auction seems easy and convenient. Start by figuring out what stuff you don’t want to keep. First,... [read more]

REAL ESTATE is how many of the world’s richest people became wealthy. It’s also likely how their children and their children’s children got rich. In fact, huge empires have been built from a single property purchase. American author Mark Twain once said “Buy land. They’re not making it anymore.” By that logic, real estate will always be in high demand. Building generational wealth by buying real estate is not a new strategy, nor is it reserved for the... [read more]

With ENERGY EFFICIENCY and AWARENESS for our environment becoming more and more important and sought after in real estate, many people who are currently in the home-buying stage have energy conservation as a high priority in their house hunting checklist. When it comes to energy efficiency, there are several different things that can be done in homes now that make them energy efficient. For sellers who are looking to implement some energy conservation solutions in their homes before putting... [read more]

If you’ve been contemplating an update to your home, one of the first things you need to find out is whether the project will require a building permit. It’s especially important now because, depending on where you live, inspections may be delayed due to the pandemic, which means you’ll need to factor this into your timeline.  Building permits are necessary to ensure the work that’s being done complies with local zoning bylaws, building codes, and health and... [read more]

It’s never been more important to keep your home free of dirt, germs, and viruses. The amount of time and energy you spend on cleaning depends on the finishes, upholstery, and materials you use in your home. Easy-to-clean homes tend to have clean lines, seamless surfaces, and uncluttered spaces. This also happens to be an on-trend look, so if you want to reduce your cleaning time while modernizing your space, you may want to look into the following upgrades. Wall-To-Wall Carpet Carpet... [read more]

It has been three months since the start of this world pandemic, a very long three months. Our heads have been spinning by the tragedy, not only in other places but close to home also. Countless thousands who have not survived and millions of others whose lives have been turned upside down or even shattered. Loved ones lost, jobs lost, business’ that will not reopen. Don’t forget those heroes that every day, every minute, put their lives on the line so the rest of us can make it... [read more]

Many homeowners are feeling emotionally and financially vulnerable during the COVID-19 pandemic. Because of this, fraudsters have been using this opportunity to take advantage of their anxieties, which has led to a growing number of pandemic – related scams. According to the Canadian Anti-Fraud Centre, $1.2 million has already been lost to COVID-19 fraud between March 6 and May 1. Protect yourself by becoming familiar with scams targeting homeowners.  Duct Cleaning Companies... [read more]

We have smart locks, smart light, smart thermostats-pretty much every aspect of our homes can be reached out. That’s why it’s about time windows got the tech treatment. Meet the technologies proving windows can do a lot more than just provide a pretty view.    Auto-Tinting Windows Imagine never having to get up to draw your curtains or close your blinds. At the push of a button, you can transform your windows from clear to opaque thanks to electrochromic glass.... [read more]

Ever since COVID-19 hit, there’s been a lot of talk about mortgages. If you have high-interest debts to pay off, such as credit cards and personal loans, one option that may be available to you is to consolidate all of those high-interest debts into one low rate mortgage. It’s a good way to simplify your finances so you no longer have to keep track of multiple bills. Instead, all of your debts would be merged into one monthly payment at a lower interest rate. Sounds good, right?... [read more]

As we approach our third month of sheltering in place & social distancing and washing our hands (more than we ever thought possible).  Making an effort to do our part to flatten the curve and protect ourselves against the 2nd wave of the coronavirus, summer is upon us. I can’t help but reflect on how much our world has changed. These last few months have been a crazy ride that’s for sure.   Will those of us who revealed themselves as culinary geniuses and expert... [read more]

Is now a good time to buy? Again, I think this is a really personal decision. As with selling a home right now, there are both pros and cons to buying. If you were already positioned to buy there is definitely room for that in this marketplace. Although I would not necessarily suggest that you consider this an opportunity for a “deal”. For the most part, I think buyers are playing a waiting game, but that is not possible for everyone. Some sales are still happening, as a... [read more]

This is a really personal decision to make. Believe it or not but there are pros to selling your house right now as well as more obvious cons. Our job as your realtor is to give you the information that you need to make an informed decision and to guide you through the process so you can make educated choices that are right for you, right now. Recently we have assisted several sellers who were in the middle of transactions and we have gained some valuable insights into what it’s going... [read more]

I think we've all spent way too much time at home lately and we're starting to think about what we don't like about our homes. If you’ve got kitchen cabinets that are outdated, damaged, or constantly sticking and squeaking, it may be time to give them a brand-new look. Changing your cabinets can drastically alter the look of your kitchen and add instant value to your property. Since cabinets take up a lot of visual real estate, upgrading them can be costly. That’s why... [read more]

The question I’m being asked the most right now is “How are housing prices going to be affected by COVID-19?”. Honestly, right now, no one knows. Time will tell. The hope is that the fact that this was precipitated by a global pandemic rather than an economic crisis means that this is a pause & that the appetite for real estate hasn’t disappeared, it has changed. How we are going to move forward will be different as we use technology to work together to navigate... [read more]

1. Assess The Situation This person knows the market situation in your area and in the new area you are considering. An agent will also know if it is a buyer’s or a seller’s market. This is important so you have a sense of how quickly homes are moving and for how much. This, in turn, will help you with your timeline, your listing price, and how much you can afford. Make sure to choose the same agent for the buying and selling process. Having an agent who understands your... [read more]

Several studies have found that many Canadian boomers don’t have plans to downsize anytime soon. National data showed that as more seniors stayed in the workforce, they reported higher levels of income and therefore were able to keep and maintain their houses. On an emotional level, it can be a drastic change to suddenly move out of your house and into a condo. But the reality is that downsizing to a condo may be the best option for homeowners who are transitioning into a new phase of... [read more]

Getting water damage insurance is a no-brainer. It can cover the replacement of personal belongings. All of these expenses can add up to ten-of-thousands of dollars. Whether or not you’re covered depends on the type of damage and your insurance policy. Read on to learn more about the different types of water damage, as well as what’s normally covered and what’s not. Overflowing water If your toilet accidentally overflows from a clog or your pipes burst all of a sudden,... [read more]

With all this talk of climate change, it’s easy to forget that it’s more than just a catchy phrase. The earth’s temperatures have reached a historic high, and natural habitats, resources and wildlife are experiencing a rapid decline. Here are some environmental upgrades that home-owners and prospective buyers can prioritize when purchasing and renovating, to help create a more sustainable future! What role does Real Estate Play in Global Warming? In Canada heating and... [read more]

A word that is being tossed around in the Real Estate world more and more frequently is STIGMA. Thanks to the internet, Google and for some of us the good old dictionary… the definition can be found fairly easily but how does that apply to Real Estate? According to the Real Estate Council of Ontario it is described as “In the context of real estate a “stigma” is a non-physical, intangible attribute of a property that may elicit psychological or emotional response on... [read more]

If you end your mortgage early, you may get hit with a hefty fee known as a prepayment penalty. While it is hard to fathom why anyone would want to pay this fee, the reality is that breaking a mortgage is very common. Many Canadians break their mortgage because they want to move out to a bigger house, take advantage of lower rates, or because of unexpected changes in their lives such as losing a job, going through a divorce, or having to relocate. According to RateSpy.com, it’s believed... [read more]

Basements have a bad rap for being dark, creepy, and depressing. If you’ve got a basement unit you’re hoping to rent out, then it’s even more imperative that you make it look inviting and livable. One impressive way to do that is to build a walkout. It instantly adds more light to the space and gives tenants their own separate entrance. If you’ve never heard of a walkout basement, it’s essentially a basement with a door that opens out onto the ground level,... [read more]

For people who can’t afford to buy property on their own, there’s co-ownership. This allows homebuyers to split the cost of buying a home with friends, co-workers, roommates, family members, or even strangers. Co-ownership is becoming more common these days as housing prices rise and buyers are looking to share the financial and physical burden of owning a property. Co-ownership may sound like a win-win situation, but there are many legal issues to factor in when going in on a... [read more]

These days it takes more than granite countertops, open concept kitchens, and modern appliances to impress homebuyers. With an aging baby-boomer population and a growing number of individuals who are disabled, more and more Canadians are seeking accessible housing. They want homes with accessible design elements such as wheelchair ramps, pocket doors, wide hallways, large barrier-free showers, floors free of level differences, wheelchair stair lifts, and roll-under sinks. According to the... [read more]

It seems the new trend for a lot of us that can’t afford a multi-million dollar homes, is either moving in with the in-laws or building a brand new building that can house everyone. It’s sort of like an old idea reborn. Do you remember triplex? There’s a new twist on that. A local builder has coined the name Flexplex with a desire to be more green. This case and much what is being talked about is the fact that there are three separate floors; one for each group of your... [read more]

Most of the public is still not aware of these available funds for having KITEC deficient plumbing materials within their home. Set aside for settlements is $125 million dollars throughout North America. For those that do not know what KITEC plumbing is, it’s a defective plumbing material that will deteriorate over time and cause water issues within a home. It was developed to help replace the expensive commodity copper and was found to be easier to install. KITEC was installed... [read more]

Whether you love them or hate them, elevators are a necessary part of condo living. As buildings get taller, elevator manufacturers have been forced to innovate to keep up with modern-day needs. In 1857, Otis Elevator invented the first passenger elevator in a five-storey building in New York City. This innovation ultimately paved the way for the rise – literally – of skyscrapers across the world and changed the face of urban landscapes forever. Despite the fact that elevators... [read more]

If your goal is sell your home faster, renovations can help move the needle. Buyers are attracted to a space that feels new and modern, so even small upgrades can go a long way – especially if it’s been decades since the last home upgrade. If you plan to put your house on the market, consider making these small but impactful updates before you list. FRESH PAINT A fresh coat of paint, both inside and outside the home, can brighten up the space and make it feel new... [read more]

I have always wondered about the layout of the interiors of those homes. They are surely built to be functional. There was no luxury in those times such as designing a house just to accommodate a large table or a flat screen TV. Every room and every hallway was built for function. And it made sense. Heat rises, so the kitchen was actually the family room of the house, the place where the family gathered for eating, games and conversation. The scullery was the room at the back of the house... [read more]

As in any industry everyone wants you to think they have the edge. Often it is a lead to get you to “buy into” what they have to offer and it is often too good to be true. In our changing society when you most certainly can’t judge the book by its cover, this “too good to be true” is increasingly the reality. In the Real Estate industry there are a few one liners you may want to consider more closely. I Have A Buyer For Your Home This is the biggest one... [read more]

  Fill it with variety of votive candles If you still want your fireplace to add a sense of warmth, go for candles. The key wit this look is to use a variety of heights, shapes, and sizes to get that truly cozy effect. If you don’t want to deal with open flames or wax, you can opt for flameless candles that look like the real thing, plus you can simply turn them on with a remote control. Put in a mirror If you love the candle idea, go one step further by... [read more]

Whether you’re renovating your house or searching for your next home, a floorplan with a good flow should be one of your top priorities. An awkward or poorly designed layout could take away from your everyday enjoyment and it could also be wasting precious space, which is something nobody wants. When you’re paying good money for a house, every square footage needs to count, so here are the floor plan layouts you should try to avoid. Lack of entryway When you walk in... [read more]

The majority of borrowers pay off their mortgage in monthly installments. However, it’s not unusual to hear of borrowers who insist that paying bi-weekly is the way to go. Are these people on to something? Most banks offer borrowers the option of paying bi-weekly, but what are the benefits of going down that route? Could it pay off your loan faster? Will you pay less interest over time? Is it something everyone should be doing? Here’s everything you need to know about bi-weekly... [read more]

Tips on How to Keep a Home Safe Change the Locks Changing the locks on all the home’s exterior entry doors is one of the first steps recommended to new homeowners after closing. Re-keying a house is a relatively inexpensive process and one that can bring great peace of mind to new homeowners. Over the years, previous owners may have given keys to various friends, family members, contractors and neighbours, so changing the locks is a safe option that also helps new owners feel more... [read more]

Municipal water systems are required to test and monitor drinking water supplies to ensure safe and good-tasting water. But what happens once that water has been piped into towns, neighbourhoods, and homes? Older homes may still have service lines made of lead going into the home, which can cause lead to leach into the water. The local water supplier should be able to confirm the presence of lead service lines for homeowners. Older fixtures that contain lead, or lead that was used on pipe... [read more]

Some homeowners like to brag about their big backyards or their spacious closets. Some like to boast about their home’s “walkability”. Walk Score is a website developed by urban planning experts that numerically ranks addresses based on how accessible it is by foot to essential stores and services. Scores range from 0 to 100 and yours can be found at www.walkscore.com   These scores don’t just determine the home’s proximity to a grocery store or... [read more]

Every resident has a right to accessible housing, which is why it’s the responsibility of condo corporations to ensure their building is accessible for all residents, including seniors, people who use wheelchairs and those with mobility, visual and dexterity/strength impairments. Accessibility requirements for buildings are set by provincial building codes-which are based on the National Building Code – and are aimed at preventing barriers for people with disabilities. Buildings... [read more]

We all want to have Mr. Rogers as our neighbour, but not all of us are lucky enough to have a picture-perfect neighbour who brings over homemade pies and mows their lawn without being asked. If you unfortunately find yourself living beside a neighbour from hell, then we’ve got some solutions on how you can peacefully co-exist. The course of action you take all depends on what the situation is between you and your neighbour. Are they having parties well into the night? Are they not... [read more]

Every seller wants to get the best deal for their house – especially when you consider that as much as $500,000 in profit can be earned tax-free. So why not just price your house to the moon? After all, you can just bring it down later, right? Well, there are a few problems with that, if you price high and slowly start bringing it down…and down… and down… buyers are going to notice. It makes that home start to seem like it’s in a bargain bin. You want your... [read more]

Keyless/Remote Entry Door Locks Have you ever left the house and worried that you left the front door unlocked? If your home is equipped with a keyless/remote entry door lock – available from multiple manufacturers – you can use an app on your smartphone to lock the door from wherever you are. Some manufacturers make versions that will also send a text or email to your phone when the door opens. Locks that can be programmed with multiple entry codes also allow you to see who... [read more]

Houses of any age will shift over time, resulting in cracks. Cracks may appear in finishes, structural components or both. Though they usually don’t have any structural significance, it’s worth some visual detective work to help homeowners understand the difference between different types of foundation cracks. Shrinking Cracks Concrete shrinks as it cures, so newly poured concrete foundation may develop small vertical shrinkage cracks, which are not structurally significant.... [read more]

Moving house is not something most people look forward to. It’s a huge disruption of your life and it requires endless coordination and organization. We put this guide together to help you remember everything you have to take care of so that you can take care of yourself a little better while the whole ordeal is going on. Old Location Before you start anything, arrange for a professional mover. You can get mover recommendations from friends or review sites. Then think about... [read more]

One of the most common questions in Real Estate is When is the best time TO Sell? Articles and articles have been written by “experts” in their respective fields: Mortgage Brokers, Lawyers, Economists and even Realtors! More often than not and quite typically the answer is the Spring Market. That argument is usually based on the sheer volume of sales that occur during that time period. This idea of spring being the “best” time to sell is not hard and fast rule. For... [read more]

We often think about the BIG reno’s when we think of dated homes, those are easy to spot but heavy on the pocket book to fix. But don’t sabotage all that time, effort and money by forgetting the little items too. It does not take much to put off a buyer! The Top Ten Little Things That Date Your Home: Dirty old switch plate covers and switches. - Old “flip” switches and off colour or faded colour plates are one of those easy to forget or not get around to... [read more]

One of the biggest fears people may have about natural stone is the maintenance it requires. The diamond-like hardness of granite makes it virtually impervious to abrasions, stains and heat. (It’s important to note that granite won’t stand temperature stress such as fireplaces, where the stone expands and contracts in a very short period of time. The seams, however, will prevent cracks.) You’ll find caring for your natural stone easy. Warm water, mild dishwashing liquid and... [read more]

Thinking about adding a gazebo to your backyard? Before you go and make your yard dreams a reality, it’s important to check up on your municipality’s landscaping regulations first. Here’s what you’ll need to know if you plan to embark on one of these backyard projects.   Adding a Structure Whether you’re thinking of adding a gazebo, pergola, storage shed or any other kind of structure in your backyard, you may need to apply or obtain a building... [read more]

In the warm summer months, there’s nothing better than having friends or family over for a fun backyard party or outdoor barbeque. But there’s an art to throwing a great party, and if you don’t keep your guests properly entertained, they might not stick around for long. Whether you have a huge yard or tiny patio, here are three ways to level up your outdoor entertainment game and keep your guests happy this summer. Giant Games Your guests will undoubtedly be... [read more]

While selling your sofa or lawnmower on your own doesn’t take a lot of sales skill, working with a professional real estate agent will help you get the most money in the shortest time when selling your home. Here are some of the top reasons I can help. Increase Your Profit Many people think they’ll make more money if they avoid paying an agent a commission and instead handle their own home sale, but the statistics show otherwise. According to the National Association of... [read more]

Busting clutter is almost always the first recommendation from professional stagers. Why not have a yard sale to clear out the things you no longer use while earning some cash for your move? Follow these tips to help things go smoothly and maximize your profits. Get The Online Word Out  - ​List your sale on the “Garage Sale” section of Craigslist and on any neighbourhood Facebook page groups. Include photos of your more interesting items to attract... [read more]

There’s no better time to refresh your home than the fall. Every season, there are always new answers to the question: what’s in right now? Industry experts and tastemakers have gone out to gather trends from all over the world in order to forecast what colours will be popular in people’s homes and what furniture the masses will be scooping up. If you want to change up your home but have no idea where to start, look to this year’s trends for inspiration and while... [read more]

Buyers and sellers often hear about plumbing upgrades, but just what does this mean? Generally speaking, upgraded plumbing in the context of buying or selling a home refers to both fixtures and/or the plumbing system itself. Here’s our list of the most frequently recommended upgrades: Fixtures New faucets are an easy way to add style to kitchens and baths without a lot of spend. If a home is being prepped for sale, use fixtures that will appeal to the most potential buyers. The... [read more]

Technology has changed a lot of things about the way we live, so it’s inevitable that it will change one of the most used spaces in our homes: the family room. Not to be confused with the more formal living room, a family room is used much more regularly. They’re the gathering place for everyone to convene and socialize, and they’re typically more kid-friendly. Here are some ways technology companies are taking family rooms to the next level. Vibrating Couches Companies... [read more]

Planning that summer vacation? Here are our top tips to give you added peace of mind while you’re away   One of the most effective steps is to make your home appear occupied. Use timers or an app on a few lights throughout the house, scheduling them to turn off and on at various times after dark. Use extra caution when communicating about your vacation dates on Facebook and other social media. And don’t post photos until you’re back. Information spreads... [read more]

A prominent economist has added his name to the growing number of industry pundits who are urging regulators to revisit the B-20 stress test regulations. Benjamin Tal, CIBC Capital Markets Deputy Chief Economist, is calling for a more flexible benchmark for the B-20, which took effect in January 2018 for all uninsured mortgages. Tal feels that the stress test was probably necessary to, as he puts it, “save some Canadian borrowers from themselves”. However he seriously questions... [read more]

MOVING UP TO YOUR “forever home” is exciting. When you bought your first place, chances are you were young, strapped for cash and prepared – if not warned – to make some concessions. The move-up buyer typically has some savings and home equity to work with, making this next move feel less like a compromise and more as a thoughtful selection. But move-up buyers face their own set of challenges that call for carefully considered strategy. Here are three options for the... [read more]

Spring is the perfect time to clean house-both literally and figuratively. As you emerge from winter hibernation, here are some tactics to help both your health and your home get ready for the new season. Do Some Decluttering Clutter on the home has been linked to increased levels of anxiety. No, you don’t have to go full Marie Kondo. But why not get rid of clothes you haven’t worn in years, or donate the miscellaneous kitchen items you never use? Get Healthy Kitchen... [read more]

Innovators are constantly finding new ways for people to live and it’s no doubt that the house if the future will significantly different from the ones we know today. But just how different will it get? For one thing, many experts agree that homes in the future will be made of eco-friendly construction materials, such as the self-healing concrete that was designed in the Netherlands. The cool thing about this bio-concrete is that it uses bacteria to heal any cracks that begin to form,... [read more]

Spring is here, and that means it’s the perfect opportunity to get your home ready for the months to come. Here are our tops tips to get you started: Winter can take a real toll on a home’s exterior. Wood, stucco and other types of siding should be checked for cracks, peeling or chipped paint, and general wear and tear. Have damaged areas repairs and repainted as needed for lasting protection. Clean gutters and downspouts of any debris that may have collected over the... [read more]

You may have noticed a flurry of recent press concerning the “inverted yield curve” that we have recently moved into Canada. An “inverted yield curve” means that the long-term bond rates are actually lower than short-term bond rates. In addition, almost every Canadian government bond is now below the Bank of Canada’s 1.75% overnight rate. That’s pretty rare. What does all of this actually mean for the economy and our real estate market? Typically, an... [read more]

SOME RULES we were never taught. When it comes to home décor, there are decorating basics that many of us are not aware of. How high do you hang artwork on the wall and what about the TV? How big a sofa should you purchase? Should you match your window treatments to the wall colour and what if you really like that fire engine red? Décor expert Karl Lohnes and Sue Rainville, director of marketing for Hunter Douglas, Canada’s leading window fashions manufacturer, offers the... [read more]

IT IS INEVITABLE that at some point in our lives we decide to sell the house. We may have lived there since birth, purchased it not to long ago or maybe we built our dream home and it is time to move on. Either way we will be dealing with one of the biggest investments of our lives! There are three variables in selling a house. One is the market place, how strong is it? Is it a buyers or sellers market? Are things moving? How long is it taking to sell a property in our area? The second is... [read more]

The charms of living in an older home can be many – history, style, craftsmanship, quirks. But there’s no denying that living in such a home has its challenges. Maintenance can be tricky and expensive, especially if certain systems and features have been neglected over the years. Let’s take a look at some common situations found in many older homes: Energy inefficiency is probably the number one issue with older homes. Most older homes were... [read more]

Overhead garage doors may be the largest and heaviest moving object in most homes. For safety and reliability, make sure it’s up to date and kept in proper working order. Safety First Older garage doors can lack some of the safety features required in newer installations. Automatic openers must have sensors, usually a pair of electric eyes, that will stop and reverse the door if a person or pet moves across its path. Power Out? What about getting the door open during a power... [read more]

Smoke alarms are an important defense against injury or death in house fires. Statistics from the National Fire Protection Association show that nearly two-thirds of home fire fatalities occur in homes with non-working or missing smoke detectors. Most building codes now require smoke detectors in all residential structures, which has resulted in a steep drop in fire- and smoke-related deaths. Homeowners should check with their local public safety office or fire department for... [read more]

Canadian consumers have several options when it comes to obtaining their credit score.  They can get their credit scores via the two national credit reporting agencies, Equifax Canada and TransUnion. In addition, they can get them through free credit score providers such as Borrowell, Mogo and Credit Karma. Each provider uses slightly different models to weight credit score factors, which is why consumers can get different results from different providers, even if they requested their... [read more]

Residential fires take their toll every day, every year, in lost lives, injuries, and destroyed property. But many conditions that cause house fires can be avoided or prevented. Taking the time for some simple precautions, preventive inspections, and concrete planning can help prevent fire in the home and can save property and lives should disaster strike. Check holiday lights for fraying or broken wires and plugs. Follow the manufacturer’s guidelines as to... [read more]

If you're like most of us, laundry is a chore. We have found that a well organized laundry room is the best way to overcome the thought of laundry being a chore. First all, consider the placement of your washer and dryer. If you have the room, put them side by side and put a counter top on top so you have somewhere to fold or iron (yes people still iron their clothes). If you have to stack your washer and dryer, at least try make them look appealing.  Considering the size of most... [read more]

Is it a small renovation or something much more? Maybe you are considering making some modifications to your existing home or building a new one. I have had lots of experience with both and enjoy them thoroughly. In these types of situations, you need to carefully consider how the space is going to be used. To further complicate the situation, you need to take into account things like property features which may also mean the available views.  Surprisingly not all homes were built to... [read more]

If you have ever tried to sell something you love, it is not an easy thing. If we are emotionally attached to something, how do you put a price on it? It is impossible, or at least impossible if you cannot find a buyer that has the same emotion as you do. That is often the dilemma when it comes to selling your home. A homeowner is far more vested in the property and has far more personal attachment than sometimes money can match.   Even with the shortfalls most homes have, perhaps... [read more]

Prospective sellers likely to spend less than 2.5% of a home’s value on home improvement.   According to a cross-Canada survey of over 750 Royal LePage real estate experts, a kitchen renovation is the clear upgrade of choice with the potential to boost a property’s value by more than 12.5 per cent. Both ranking second, a finished basement or a new bathroom has the potential to increase a property’s value between 2.5 per cent and 12.5 per cent, depending on the... [read more]