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Welcome to our October newsletter!
There was another major shakeup to the real estate market announced this month: Starting on January 1st, anybody applying for a mortgage, whether you have a 20% down payment or not, will have to undergo the stress test. You'll find more about the changes below. If you're looking to get into the market or to switch lenders, now is the time to act - the changes apply to any deal even closing after December 31st.
You'll find full market news and analysis below. Don't miss the city's best Halloween Stores, what $500K will buy across Toronto and our latest listings.
Remember, there's no greater compliment than sending us a referral.
Marina and Mark
Marina Bolletta, Broker
Mark Tavares, Broker
Urbanlife Realty Inc., Brokerage
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OSFI sets new mortgage rules, including stress test for uninsured borrowers
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Canada's top banking regulator has published the final version of its new mortgage rules, which include a requirement to "stress test" borrowers with uninsured loans to ensure they could withstand higher interest rates.
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The Best Halloween Costume Stores in Toronto
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The best Halloween costume stores in Toronto will help you make your spookiest vision a reality. Different budgets and different ideas are embraced at these places, allowing all Halloween-loving Torontonians to let their imaginations run wild during one of the most creative holidays of the year.
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What kind of house does $500K get you in Toronto?
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The $500,000 home still exists in Toronto, but it's generally quite small, and it almost certainly won't be in the neighbourhood of your dreams. If half a million dollars is what you're working with, and you're dead set on avoiding condos, your options right now include a lot of two bedroom bungalows on the outskirts of town.
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Queen West resto Canis nabs second place on Canada's Best New Restaurants list
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A small, chef-run Toronto restaurant has nabbed a top spot in the Canada's Best New Restaurant's list.
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One Bedroom in Boutique Building
77 McMurrich Street #519: $555,000
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Steps To Bloor-Yorkville & Yonge Street. Spacious One Bedroom, Parking, Locker. Modern Kitchen Includes Stainless Steel Appliances, Granite Counter & Flooring And Breakfast Bar. Bright South Facing Unit. 24 Hour Concierge, Guest Suites, Visitor Parking, Party/Meeting Room And Gym. Steps To World-Class Restaurants And Shopping. Walk To Rosedale Subway.
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355A Metro Rd. N: $1M
Custom Built Home On A Premium Estate Lot Separate Entrance To In-Law Suite In Basement. Close To Lake Simcoe, Golf & More.
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41 Tuscany Grande: $659,990
Briar Hill Highly Sought “Degas” Model. Thousands Spent On Upgrades. Quiet, Exclusive Enclave. Corner Lot With Great Deck For Outdoor Entertaining.
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53 Dutch Settlers Court: $699,000
Quaint Country Home In Holland Landing. Private Back Yard Patio And Play Area Also Has A Garden Shed. Great Area To Raise A Family. All Amenities Close By.
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153 Upper Canada Drive: $4.58M
Style And Sophistication Best Describe This Luxurious New Custom Home. Over 4500 Sq.Ft. Of Quality Living Space.
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24 Noble Street
Highest Price Ever for a unit in this building. “Noble Court Lofts” Authentic Hard Loft Building In Queen West.
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Walker Avenue, Bradford
Great investment property, basement apartment has separate entrance. Close to schools, parks and Highway 400.
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TORONTO, October 4, 2017
-- Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 6,379 sales through TREB’s MLS® System in September 2017. This result was down by 35 per cent compared to September 2016.
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NOT INTENDED TO SOLICIT BUYERS/SELLERS ALREADY UNDER CONTRACT.
As provided for under the Privacy Act, if you wish to have your name removed from this database, please click on the 'safe unsubscribe' link below.
All Buyers/Sellers should satisfy themselves as to the accuracy of any information provided herein - in particular with regard to measurements, taxes and other data provided in any MLS listings provided by this sales representation
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Your copy should address 3 key questions: Who am I writing for? (Audience) Why should they care? (Benefit) What do I want them to do here? (Call-to-Action)
Create a great offer by adding words like "free" "personalized" "complimentary" or "customized." A sense of urgency often helps readers take an action, so think about inserting phrases like "for a limited time only" or "only 7 remaining!"
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