Preview of my new listing coming out May 23 at 486 Markham Street, open house will be May 26 and 27th from 2 to 4 PM. A beautiful 3 storey detached Brick home in Little Italy with 5 bedrooms 4 bathrooms 2 Kitchens 1 parking spot and a stunning private back yard. A must see!
Toronto West Queen West and Liberty Village skyline is changing on a monthly basis, here are a few photo's taken approx 2.5 years ago and just recently. CLICK HERE
Say NO to a home inspection!
Toronto's hot housing market continues to spark bidding wars and in many cases buyers are going in with clean offers, meaning no conditions in order to win. This can be a big mistake moving forward and that house you bought might cost a lot more than you expected. Inspection firms can identify plenty of potential trouble spots like Knob and tube wiring, 60- amp electrical service when the norm is 100 or 200- amp. Old galvanized plumbing, it rusts can leak and plug up, slowing water flow. Old lead pipes are a health risk, all of these will cost you more to insure the house and the insurance companies will give you 6 to 12 months to change them. Major work costing you the buyer more. Another big one is the roof and the foundation, check for leaks or gradual deterioration very expensive to repair. These are just a few items you should think of when buying a home in a bidding war with no inspection clause. Have a great day. CLICK HERE
New LIsting 15 Fort York # 3602 (VLOG)
New Listing coming out this week at 15 Fort York Blvd, unit 3602. This 587 sq/ft one bedroom plus den open concept unit has large windows a clear view facing west and a balcony. A must see, come by the open house this week-end and take a look. Click Here
(VLOG)Don't buy that parking spot
In the last few years prices of underground parking space in downtown Toronto has skyrocketed, with prices in the mid-level selling as much as $35,000 a spot and up to $55,000 for luxury developments. So what's the answer when asked "Do you think my condo will be harder to sell in 3-5 years if I don't have a parking space?" I still think it would be easier to sell a condo with parking, I think you'd be crazy to buy a pre-construction property over $400,000 and not take a parking spot. It's a question you have to think hard about when buying today, do you want a 1 bedroom plus parking or 1 bedroom plus den with no parking? Do you want the lower mortgage payment each month, or can you increase that mortgage loan another $35,000 or can you go without a car? Click Here
Church conversions are some of the hottest lofts in the city of Toronto. What started as an experiment has turned into a theme developers trying to get their hands on hundred-year-old architectural masterpieces to turn into stunning residential spaces that buyers will throw top dollar at! Here are a few of the church conversions in Toronto…
(VLOG)Street Value
How the value of property can be effected by who lives on the street or by that house with all the junk in the yard. It could be a simple as the name of the street or having a bus route on the street. There are so many factors that can effect property value. CLICK HERE
(VLOG) That new rate isn't so great
Everyone's talking about the recent Bank of Montreal rate special at 2.99% and I hear other lenders are going to follow. Do you know what it really is all about? Maximum amortization 25 years, no 30 years allowed. Only half of the normal lump sum payments are allowed at 10% instead of 20%. Same goes for payment increases at half the usual amount allowed.
Fully closed unless you sell or renew into another BMO product...no early negotiating power, you are tied to them for the full 5 years. No non-owner occupied rental properties allowed. Only valid for the next two weeks, so make sure to read the fine print and determine if it works for you. I think it's pretty good
Toronto real estate still going strong, population growth and immigration are major factor which have created a 1.4% vacancy rate in the city combined with low interest rates which makes buying a property very attractive and affordable. I think we are looking at another strong Real Estate market in 2012.
Thank You for a great 2011 (VLOG)
To all my clients I would like to thank you all for trusting me with selling or buying your home condo or loft in 2011, I wish you all a very happy holiday season and a very happy new year. Thank you. CLICK HERE
(VLOG)Way's to save on your mortgage
WHETHER YOU ARE LOOKING FOR SHORT TERM OR LONG TERM VARIBLE OR FIXED OPEN OR CLOSED MORTGAGE RATE.
BANKS DO OFFER WAY’S TO SAVE ON MORTGAGES.
FIXED OR VARIBLE INTEREST RATE MORTGAGE’S CAN BE PAID WEEKLY, BI WEEKLY,SEMI MONTHLY AND MONTHLY.
RAPIDE PAYDOWN… MOST BANKS ALLOW YOU TO INCREASE YOUR PAYMENTS.
PREPAYMENT OPTIONS: PAY DOWN A % OF YOUR ORIGINAL MORTGAGE EACH YEAR.
A FIXED MORTGAGE RATE LETS YOU REPAY YOUR MORTGAGE IN SET MONTHLY PAYMENT’S, YOUR PAYMENT REMAINS THE SAME OVER THE COURSE OF YOUR TERM, SO YOU CAN BUDGET. EVEN IF RATE’S GO UP YOUR RATE WILL REMAIN THE SAME FOR THE TERM YOU HAVE SELECTED.
A VARIBLE MORTGAGE RATE WHILE THE INTEREST RATE MAY CHANGE DEPENDING ON BANK OF CANADA’S PRIME RATE YOUR MONTHLY PAYMENT WILL REMAIN THE SAME FOR YOUR SELECTED TERM.
THE AMOUNT PAID TO THE PRINCIPAL VERSUS INTEREST! MAY CHANGE WITH FLUCTUATIONS IN THE PRIME RATE, PLUS YOUR AMORTIZATION PERIOD MAY VARY AND BE LONGER IF RATES HAVE RISEN OR SHORTER IF RATES HAVE FALLEN, SINCE THE START OF THE TERM. CLICK HERE
(VLOG) Queen West
Clive McLean speaks a little about how the Queen West area will be changing with all the new condo's being built, up to 10000 new residents will be moving into the area in the next couple of years. Queen West is one of Toronto's most popular art neighbourhoods and with all the new young professionals moving in the art galleries are here to stay.
(VLOG) Ridiculous Pricing (Good or Bad?)
Clive McLean speaks about how some agent in the city price homes so low when they list the home as a way to attract trafic, many buyers feel they are mislead and feel its away to push pricing higher in area's. I feel it misleads a buyer into thinking they might be able to obtain the home for that price plus a waste of time as most buyers have a budget and search in price ranges. What do you think? Click Here
(VLOG) BUYING PRE-CONSTRUCTION
Clive McLean speaks about buying a Pre-Construction Condo and why you should have a professional Realtor working for you to make sure you have your interests covered. Click Here
(VLOG) Liberty Village
Liberty Village has become one of Toronto's most desirable condominium communities, with cutting edge architecture and affordable pricing close to the central core, it has attracted many young professionals. Liberty Village initially was the best option for first time buyers downtown, the area boosts some of the city's best loft conversions town houses and condos, it has become very popular with a genuine sense of community. Residents say they actually know there neighbours, and see the same people jogging down the street or at the shops or have espresso. It's this ambience of community that pervades Liberty Village and allows people here to be at home with urban living.
Bounded to the north by King street to the west by Dufferin street to the south by the Gardiner Expressway and Strachan to the east real estate has seen rapid appreciation in the past few years. Once mainly vacant land mixed use industrial and commercial the neighbourhood has seen massive condo loft town house development. Close an very accessible to Exhibition Place, Harbour Front, Fort York, Skydome, and the Toronto Island Liberty Village has mostly an adult vibe, it's local schools include Shaw Jr. & Sr.School, Niagara Street School, Alexander Muir and Gladstone School, Hillcrest Jr., Parkdale, West Toronto CI. plus some alternative secondary Schools. With close proximity to some cool funky neighbourhoods such as King West Village, Queen West, Liberty Village has every thing you need in a city.
King West has become one of Toronto's most sought after neighbourhoods. Mainly appealing to young professionals, this stretch of real estate between Spadina and Dufferin Street has produced some of Toronto's most cutting edge and modern condominium and loft options. Condo's have appreciated well in value in the King West district and will most likely continue to do so in the future mostly due to incomparable quality and demand of inventory. Condo Lofts and Victorian style town houses are the only real estate option, the area boasts some of the best loft conversions in the city
It's an area which completely transforms into one of Toronto's most vibrant night spot destination once the sun sets, looking for a cool restaurant or nightclub, boutique hotel this is where you will want to be. If you would like to view what's available for sale in the area or if you are a Condo Loft Town- House owner in the King West area looking to Buy or Sell or would like a free no-obligation market evaluation. Please contact me by email or give me a call (CLIVE) 416-530-1100 I would love to be of service in helping you.
To view King West Lofts Condos & Townhouses Click Here
