House of the Week: $1.4 million for a charming Rosedale starter home

ADDRESS: 298 Glen Road NEIGHBOURHOOD: Rosedale–Moore Park PRICE: $1,389,000 THE PLACE: Steps from Chorley Park and a short walk to the Evergreen Brick Works, this four-bedroom house may be smallish for Rosedale at 2,442 square feet but it’s also a quality starter home for the (extremely) upwardly mobile. BRAGGING RIGHTS: A home that has been […]

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What was cut from the Toronto budget?

From Posted Toronto, by Natalie Alcoba So, $27.6-million down. About $472-million to $746-million to go (depending on what shortfall figures you believe). City council signed off on several budgetary cuts on the long and winding road to balancing its books by January. The list was first scaled back by the Mayor’s executive, and then whittled […]

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Buyers prep for a cooler fall

Great article by Carolyn Ireland in this morning’s Globe and Mail! The housing market in Toronto has remained remarkable resilient, even as global financial markets have been roiling. Bidding wars through the spring and summer pushed prices higher but economists and real estate agents expect a more moderate pace in the fall. These seven strategies […]

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Home Inspections Are Not Strictly For Buyers Anymore

A big trend that seems to be helping the sale of homes today is something called the pre-home inspection, which is essentially a home inspection that’s being commissioned and paid for not by the buyer, but by the seller.It’s widely viewed as a proactive approach in which the seller is laying their cards on the […]

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Variable Rate vs. Fixed Rate Conversation Renewed

With the most recent interest rate announcement last week, and the knowledge that interest rates are set to remain low for the foreseeable future, the debate for variable rate mortgage over fixed rate has gained new momentum. The debate between the value of a fixed-rate mortgage vs variable rate rages on. There are a number […]

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Close theatres, reduce snow removal: A snapshot of proposed city cuts

Here are 10 areas of spending mentioned in city manager Joe Pennachetti’s recommendations for cost-cutting in the face of a $774 million budget gap expected in 2012. Child care The situation: Of 53,000 daycare spaces in Toronto, about 22,000 are subsidized jointly by the province and the city. An additional 2,000 are subsidized by the […]

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September 2011 eNewsletter: Two great listings and more

Welcome to the September 2011 issue of my eNewsletter! On September 22nd, I’m hosting an evening of wine, hors d’oeuvres and art to raise money for the Daisy Eye Cancer Fund at Sick Kids. Please join me – full details are in the newsletter. August was busier than usual for home sales, which were up 24% […]

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Toronto Life Home of the Week: Condo on top of the TIFF Lightbox

Just in time for the Toronto International Film Festival, Toronto Life’s Home of the week is a penthouse on the Lightbox. ADDRESS: 80 John St, Unit 4202 NEIGHBOURHOOD: Waterfront Communities–The Island PRICE: $1,850,000 THE PLACE: A giant, 2,173-square-foot condo sitting in the new Festival Tower atop the TIFF Bell Lightbox. Keeping with the cinema theme, […]

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Interest rate hikes a long way off

Good news for anyone taking out or renewing a mortgage! OTTAWA—Faced with an increasingly bleak global economic picture, Bank of Canada Governor Mark Carney has pulled back from his oft-repeated plan to begin pushing up interest rates to head off a possible burst of inflation. The central bank on Wednesday kept its trend-setting overnight rate […]

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