Monthly Archives: September 2015

Month: September 2015 Country Feel Sparks Bidding War for Uptown Toronto House

  67 Kimbark Blvd., Toronto ASKING PRICE $1,378,800 SELLING PRICE $1,450,000 PREVIOUS SELLING PRICE $267,000 (1985) TAXES $8,094 (2014) DAYS ON THE MARKET Six The Action: A quiet, uptown street is growing to include more multi-million dollar houses, such as this detached, three-bedroom house with an attached garage on a 45-by-100-foot lot. It netted a $1.45-million deal following a three-way bidding war and a flurry of activity, from 20 showings to agents and public open houses. What They Got: This 62-year-old residence has more entertaining areas than sleeping quarters with a fireside living room, dining area and sunken family room

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Month: September 2015 Three Bidders Put Offers For Don Mills Bungalow

  17 Farmcote Rd., Toronto ASKING PRICE $998,000 SELLING PRICE $1,150,000 PREVIOUS SELLING PRICES $798,800 (2011); $550,000 (2007) TAXES $5,408 (2015) DAYS ON THE MARKET 4 The Action: In mid-June, the summer heat started to dampen real estate activity in Don Mills, but it didn’t stop determined sellers from listing their homes. Among them were the owners of this detached bungalow with a carport, which was scheduled for two open houses and 50 showings that produced three serious bids. What They Got: In 1955, a 56-by-137-foot, pie-shaped lot became the home base for this one-storey, brick structure with three bedrooms

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Month: September 2015 In Toronto, Home Buyers Find Price Counts – But Speed Counts More

  As fast-paced as Toronto’s real estate market has been for years, it always seems to find a new gear. Even buyers in the echelons well above the average price of $1,040,018 – the new milestone achieved in February – feel pressured to move with blistering speed. Our recent “Home of the Week” at 128 Sherwood Ave. was listed with an asking price of $1.795-million and sold to a “bully” the first day it came to the market. The bully turned out to be Toronto-based restaurateur Sebastien Centner. “I only had a chance to see it for half an hour

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Month: September 2015 Lytton Park Home Sold At $2,600,000

  64 GLENGROVE AVE., W., TORONTO ASKING PRICE $2,350,000 SELLING PRICE $2,600,000 PREVIOUS SELLING PRICE $1,625,000 (2005) TAXES $13,166 (2014) DAYS ON THE MARKET Two The Action: It’s not unheard of for buyers to pay premiums for Lytton Park homes, but agents Irene Kaushansky and Philip Brown still staged, filmed and photographed this updated, centre-hall residence. Without anything comparable in the community, one buyer presented an offer days before the presentation date, forcing the agents to inform other visitors, three of which countered back with their own bids. What They Got: About a decade ago, a 92-year-old home was essentially

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Month: September 2015 20 of your Tax-Free Savings Account questions answered

  When Jim Flaherty launched the Tax Free Savings Account in the 2008 budget he called it the most important personal finance vehicle since the RRSP. Tuesday it may get even better, if the broadly leaked hints ahead of the federal budget mean a doubling of the annual limit to $11,000. Even if it doesn’t happen, the TFSA is now a big piece of our overall savings strategy. Canadians have nearly 11 million accounts with investments worth $118 billion inside, according to the Canada Revenue Agency. So if you haven’t got one, now may be the time to get going.

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Month: September 2015 Toronto Annex Home Sold Over $239,500 Of Asking Price $995,000

208 MAJOR ST., TORONTO ASKING PRICE $995,000 SELLING PRICE $1,234,567 PREVIOUS SELLING PRICE $715,000 (2007) TAXES $5,759 (2013) DAYS ON THE MARKET Nine LISTING AGENT Beth Sulman and Gil Goldstein, Sutton Group – Associates Realty Inc. The Action: In early June, buyers had a decent list of homes to choose from in Harbord Village in the south Annex, but this semi-detached Victorian was on a street with little turnover, so it was intentionally priced at less than $1-million and offers held off for one week. All those factors combined resulted in a bidding war between six shoppers, and one party

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Month: September 2015 Sold Toronto House – Traditional Layout, Period Details

Yonge and Eglinton 68 Castlefield Ave. (Yonge Street and Eglinton Avenue) Asking price: $929,000 Sold for: $985,000 Taxes: $5,308 (2012) Bedrooms: 3+1 Bathrooms: 2 Time on the market: one day This classic three-bedroom, two-bathroom home is located a block from Yonge and Eglinton on a “superb lot with parking,” says listing agent David Batori. The 25×134-foot lot, which has front yard parking, is in the Allenby school district and is also close to St. Clement’s School.   The house features a traditional layout and period details. The living room has a marble fireplace, the dining room has a plate rail

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Month: September 2015 Sold Toronto House – Original Features Mix With Updates

Allenby 409 Castlefield Ave. (Eglinton Avenue and Avenue Road) Asking price: $979,000 Sold for: $1.1-million Taxes: $5,722 (2012) Bedrooms: 3+1 Bathrooms: 3 Time on the market: one day In the demand Allenby school district, this three-bedroom, three-bathroom brick house is a great family home, says listing agent David Batori. It has a main-floor family room addition, an excavated lower level and an updated kitchen and bathrooms. The living room has french doors, the dining room has wainscoting and the family room has a brick fireplace and a walkout to a deck. Lower-level features include a recreation room, a fourth bedroom,

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Month: September 2015 TSX, Dow Continue Steep Losses On Jobs Data – CBC

  September 4, 2015 Stocks in Toronto and New York extended their losses on Friday, after jobs reports issued by both Canada and the U.S. failed to provide a definitive picture of the economy. At the end of the day, the TSX was down 118 points at 13,478. The main Toronto index is down 5.7 per cent in the past month, though it’s climbed back from the low of 12,705 it hit on Aug. 24. Similarly, the Dow composite index plunged 272 to 16,102, compounding a month of losses that have taken the index down 7.3 per cent in the

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Month: September 2015 10 Things To Know About Toronto Real Estate Agents

1. The first thing to understand about real estate agents is that very few work on salary. Most real estate agents are independent contractors who are paid a commission based on the number of homes they sell. The commission, paid from the sales proceeds, is usually split equally between the listing agent and the selling agent. Once the deal is closed, each of those agents usually has to pay a share to the broker who owns the office where he or she is affiliated. 2. Expect to sign a lot of paperwork. The paperwork will include the listing agreement and

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