Thursday, January 2, 2020 / by Zifan Gao
5 New Year's Resolutions For Your Home
I love starting a new year off with goals that will help me evolve both personally and professionally. If you're the same way you probably already have a couple goals you want to achieve in 2020, but have you considered making any of them about your home? Turn to page 2 for five resolutions you can set for your home.
Speaking of resolutions, is one of yours to be more charitable this year? That's as easy as referring us someone who wants to sell or buy a house. For every referral we do business with, a portion of our revenue goes to SickKids. You could make a difference in kids' lives!
Did you know that every last Thursday of the month we host a Meetup with a Real Estate expert? The next one is January 30th and you can RSVP in our Facebook page. Start 2020 year off right by becoming more educated in Real Estate!
Hope you have a great start to this new year and that you make progress on your goals!
Know someone who is wanting to se ...
Friday, November 15, 2019 / by Zifan Gao
As the cold weather approaches, the market has started to slow down. The recently released TREB October Market Watch Report shows that the year-over-year growth was lower for October than for September. However, compared to October last year, this past month still saw another double-digit increase in the number of sales.
READ: Your Cottage Might Yield Better ROI than Your Home and Here is Why
From determining your buying or selling strategies, adjusting timelines, to setting up realistic expectations, and predicting investment outcomes, we’ve got you covered. We’ve summarized this month’s report into a bite-sized digest so that you can be better educated in Real Estate and the current market trends.
Home Sales increased by 14% year-over-year
For the 7th consecutive month, we’ve seen a double-digit increase in the number of sales. However, for the 3rd consecutive month, we’ve also seen a double-digit decrease in active listings. ...
Thursday, November 14, 2019 / by Zifan Gao
Neighbourhood Guide - Leslieville, Toronto
East End’s Hippest Neighbourhood
Referred to by the NY Times as the next Williamsburg, this hip urban neighbourhood is home to young, upper-middle-income singles and families. Initially home to various factories, the neighbourhood underwent rapid gentrification in the last 20 years and is now famously known as a brunch hot-spot.
From brickyards and nurseries
Leslieville began as a small village in the mid 19th century when George Leslie (after whom the community is named) moved to the area and opened the Toronto Nurseries, which became the largest horticulture business in the country. Most of Leslieville's residents were gardeners or employed at one of the brick-making factories in the area. Leslie's home at Queen and Leslie no longer exists but the general store that the family owned near Queen and Jones still remains.
With its quaint tree-lined streets, Leslieville is ...
Wednesday, November 13, 2019 / by Zifan Gao
Investing in a rental property often means doing a great deal of research and one very important aspect of the process is understanding how property is going to generate cash flow from rental operations. You can perform a simple cash flow calculation to illustrate the potential of rental Real Estate as an investment.
Here’s how it works: using a residential fourplex as an example, let’s assume that all four units are expected to be rented. Let’s also assume that the buyer did their research and the property was a decent deal - not exactly a steal but they also didn’t overpay.
Let’s start with the basic property and deal information:
Purchase price: $325,000
20% down payment: $65,000
Financed balance: $260,000.
Mortgage: 25 years at a 5-year fixed rate of 3.34 percent
Combined principal and interest payments: $1,276/month
Taxes and insurance (at the time of the purchase): $3600 a year
Total payment (mortgage ...
Wednesday, November 13, 2019 / by Zifan Gao
Do you consider your potential new neighbours when purchasing a property? Homebuyers tend to forget that when you buy a new property, you are also buying into a relationship with your neighbours that could be decades and decades-long. You want to factor that relationship into your purchasing decision and at least do some rudimentary research on any ongoing disputes between the current property owners and others. You also want to make sure that you don't end up being the 'nasty neighbour' yourself by making significant changes to your property without community approval.
Here’s Boiron Group's 2019 field guide to common neighbour nastiness:
1. 'Tree' Jerk Reactions:
According to professional mediator Jeanette Bicknell of Bicknell Mediation, more than half of the neighbour conflicts that she sees are tree-related. The desire to protect trees from being cut down or trimmed "makes people crazy" and sparks outrage in generally congenial neighbours.
2. A history of being ...