Monthly Archives: March 2016

Month: March 2016 Lack of supply to blame for bloated Toronto house prices – realtor

  While Toronto has stood near the top of several “most dynamic Canadian market” lists for years now, the city is gradually running out of land for properties, and a realtor pointed at this fact as the main reason for swollen prices. Thomas Bosley, third-generation president and broker of record of Bosley Real Estate Ltd., said that the growing scarcity of single-family homes in Toronto is forcing families to stay put in semi-detached properties—in turn lowering supply and generating bidding frenzies that would continue to severely inflate prices for the foreseeable future. Figures from the Toronto Real Estate Board showed

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Month: March 2016 Making sense of your mortgage options

  Shopping around for a mortgage can be intimidating, and when you’re never sure what little surprises life has in store for you, it’s a daunting prospect to have to select just the right mortgage for your situation. Yahoo Canada Finance spoke with two experts who help navigate the tricky world of mortgages, and offer some advice on how best to brace for any surprises along the way. Jumping into the competitive housing market For young professionals living in big Canadian cities, like Toronto and Vancouver, where housing prices continue to climb year after year, it’s easy to want to

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Month: March 2016 34 Macpherson Ave, Toronto, C02, Annex – For Sale $1,599,000 SOLD

  34 Macpherson Ave, Toronto, ON, has been SOLD   34 Macpherson Ave, Toronto, ON For Sale List Price: $1,599,000 Taxes: $8,486.21, Yr 2016 Major Intersection: Yonge + Roxborough St West; Community: Annex; District: C02     Semi-Detached, 3-Storey, Lot: 25.08 x 120 Feet Bedrooms: 4 + 2; Washrooms: 4 x 4pc   Summary Description:   Prime Summerhill/ Young Location. Situated Near All Area Amenities. Triplex, Features 3 Apartments. Private Drive And Garage. Premium 25 Ft Lot X 120 Ft Deep Pool Size Lot. Beautiful Third Floor Renovations. All Units Have W/O To Deck/Yard Or Balcony. Rents @ 2,800, 1,800,

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Month: March 2016 Liberals stay put on stock options, small business taxes in budget 2016

OTTAWA—Canada’s high-tech sector won a major victory Tuesday as the Liberal government unexpectedly dropped plans that would have limited the use of stock options as an incentive to recruit and retain top talent. “I heard from many small business start-ups who use stock options as a legitimate tool to attract talent,” said federal Finance Minister Bill Morneau, when asked about the absence of any measures in the federal budget addressing stock options. “It’s not in our plans.” In general, the Liberals’ first budget met expectations, said Doug Porter, chief economist with the Bank of Montreal, noting it contained just enough

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Month: March 2016 How Canadian Budget 2016 affects real estate

  Reading between the lines, you can’t blame a would-be homebuyer for hoping for a bit of help. Sadly, it didn’t come in the Liberal’s first budget. At least, not yet. And those two little words say it all. That’s because Budget 2016 is packed full of promises and nebulous possibilities when it comes to housing.   Half a million spent on foreign buyer data By pledging half a million in funds towards the start of more robust data collection, the newly elected Liberal government is doing two things. First, they are staking their mark on a largely regional problem.

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Month: March 2016 11 Reasons Foodies Should Be Flocking to Toronto

  Why Toronto Is Becoming the World’s Next Culinary Destination – Vogue Toronto has been experiencing quite a boom: In 2015, the population of the greater Toronto area topped 6 million people for the first time, and it now boasts 91 high-rise buildings under construction—the most of any North American city besides New York. And for a city that has lived in the shadow of the “Canada’s New York” moniker for far too long, Toronto seemed to finally be getting excited about building its own name. But sheer numbers and growing skylines only count for so much. When it comes

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Month: March 2016 5 Olive Avenue, Toronto – $810,000 Annex semi-detached home that is modest in size

  LISTED AT  $769,000 SOLD FOR  $810,000   Address: 5 Olive Avenue   Neighbourhood: The Annex The property: One half of a tiny Annex farmhouse that dates to the late 19th century. The interior isn’t spacious, but it has graceful touches like cathedral ceilings and restored pine floors. The history: The original structure was built in 1888, and it seems to have been divided into two semi-detached homes at some point afterward. The sellers bought the eastern half of the property in 1998. The fate: The buyers, a young couple looking to settle down, were drawn to the home partly

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Month: March 2016 59 Sussex Avenue, Toronto – $1.95-million Annex home that shows a triplex’s afterlife

  LISTED AT  $1,900,000 SOLD FOR   $1,950,000 Address: 59 Sussex Avenue Neighbourhood: The Annex   The property: This Annex Victorian used to be a three-unit rental property. Now it’s a spacious modern home with a third-floor loft. The history: The seller bought the triplex in 2010 and converted it into a single-family home, complete with a basement nanny suite. The fate: The buyers are a couple with children. Coincidentally, one of their fathers had rented out one of the units in the house before the renovation, adding an element of personal history to the sale. They loved the property’s central

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Month: March 2016 Attacking type 2 diabetes with meds

  Vicki Williams has had a decades long relationship with type 2 diabetes. About a year and half ago the relationship took a turn for the worse. Her blood sugar levels spiked to 477, more than double the level of a typical diabetes diagnosis, and she had to be hospitalized. It was the wake-up call she needed. The Milton resident changed her diet drastically and lost 130 pounds with the help of Dr. Anita P. Raghuwanshi, a physician from Beebe Healthcare specializing in endocrinology, diabetes and metabolism. Now that she has had her knees replaced, she’s able to walk and build muscle. “Now

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Month: March 2016 26 Park Lane Circle, Toronto – Conrad Black’s mansion sold at $5 million less than listed price

Conrad Black’s Bridle Path mansion apparently sold for $5 million less than its estimated value.   According to a posting on the Multiple Listing Service (MLS) website, the home, which rests on 6.6 acres of property, was sold to an undisclosed buyer for $16.5 million — far less than the listed $21.8-million price tag. The urban estate, which includes nine bedrooms and 15 bathrooms along with a pool and spa, was initially supposed to be auctioned off, but while potential bidders drank wine and ate canapés waiting for the auction to begin they were told a pre-emptive offer had come

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