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Marina Bolletta, FRI CRES REI ASP Broker of Record
Mark Tavares, Sales Representative 416 947 0777
| August 2012 | |
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Welcome to our newsletter for August 2012!
The Port Lands have been in the news lately. The city has asked Waterfront Toronto to speed things up, but the changes are still going to happen over 30 years. Also in the news, the CNE opens later this month without Ontario Place, for the first time since 1971.
More about these two items, information about selling investment properties and what people are currently looking for when buying a new home.
Marina and Mark |
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Selling a condo? Beware the taxman
When you sell a property that isn't your principal residence and make a profit, half of the amount is taxable. This is the so-called capital gains tax and it's pretty straight forward, but every situation is different. It all depends on how the Canada Revenue Agency views the transaction. Click here for the full article |
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The home buying wish list
Buying a house used to be easy because builders didn't offer options. You talked to your banker and signed on the dotted line.
Now, house shopping is like finding a magical bathing suit - the one that makes your waist look smaller, legs longer and chest parts voluptuous.
We consulted an expert panel of architects, builders and designers to sort through the racks of housing options and come up with a short list of what will please your banker, save the environment, impress the guests, coddle the chef and make room for the kids and their computers.
Click here for more information.
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Canadian National Exhibition: August 17th to September 3rd
The Ex opens on August 17th and they have a stellar line up scheduled for the Food Network stage, includingi Dufflet Rosenberg and Marc Thuet. There are also a number of free concerts happening with performances from Nick Carter to Herman's Hermits.
Click here for more information. |
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Port Lands five-phase revitalization plan to take 30 years
Revitalizing Toronto's Port Lands would take at least three decades and cost as much as $1.9-billion under a new plan aimed at kick-starting development on the massive waterfront site.
The proposal, part of a year-long study by Waterfront Toronto and city staff released on Wednesday, would reduce costs for developing the site by an estimated $130-million, primarily through changes to plans for flood protection and parkland at the mouth of the Don River. At the same time, it identifies additional costs including new bridges, roads, and sewers and bus and light rail lines that increase the total price tag for development and hinge on funding from the public and private sector.
Click here for the full article
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Market News
TORONTO, August 3, 2012 -- Greater Toronto REALTORS® reported 7,570 sales in July 2012, representing a decline of 1.5 per cent compared to 7,683 sales reported in July 2011. The decline was most pronounced in the condominium apartment segment in the City of Toronto. Total sales in the rest of the Greater Toronto Area (GTA) were up compared to the same period last year.
"Very strong annual sales growth in the first half of 2012 and an earlier peak in sales this spring compared to 2011 help explain more moderate sales this summer. New mortgage lending guidelines and the additional upfront cost of the City of Toronto land transfer tax also prompted some households to put their buying decision on hold," said Toronto Real Estate Board (TREB) President Ann Hannah.
Click here for the full article |
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One bedroom with parking, locker
736 Bay Street #306
Conservatory Tower, Attractive One Bedroom Unit On Bay Street With Parking And Locker. Steps South Of College Street. West Facing Unit With Rare 300 Sq.Ft. Private Terrace. Freshly Painted, New Washer/Dryer, Hardwood Floors Throughout. Wonderful Amenities Include Indoor Pool And 24 Hour Concierge.
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3 bedroom Townhome
2782 Eglinton Avenue East, Unit 7
Monarch Built, Cedarbrook Model 1853 Sq.Ft. Townhome, 3 Bedrooms, 4 Washrooms, Ground Floor Family Room Has Walk-Out To Back Yard, Separate Recreation Room/Office In Lower Level, Private Driveway And Single Car Built-In Garage With Direct Access. Large Modern Eat-In Kitchen Features Stainless Steel Appliances & Granite Countertops. Pride Of Ownership Evident In This Spotlessly Clean And Well Cared For Home. Move-In And Enjoy. Walk To All Amenities & Transit. Click here for the full listing |
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Sold! 2 Bedrooms, 2 full baths at DNA 2
1005 King Street West, #812
DNA TWO, Bright and Spacious split bedroom floor plan, 2 Bedrooms, 2 Full Bathrooms with dual shower heads, master has deep soaker whirlpool tub also. Laminate flooring throughout, 9 foot drywalled ceilings, large closets, modern kitchen has stainless steel appliances, breakfast bar, granite counters and tile backsplash. Large terrace, parking and locker. Great King West corner. Walk to Queen West, shopping, bistros, cafes, Trinity Bellwoods Park and more. TTC at doorstep.
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Sold! 2 Bedrooms, 2 baths
17 Whitaker Avenue
 Wonderful home on a quiet cul-de-sac in King/Queen West. Renovated main floor has a modern white kitchen that has a stone backsplash, centre island/breakfast bar and hardwood floors. Drywalled ceilings and cornice moldings in living/dining area. There is a main floor 4 piece bath and an ensuite powder room on the second level. Open Concept main floor and basement are perfect for entertaining. Cozy garden/patio accessed through kitchen walk-out. 2 car parking via laneway. Lots of storage. Great house in a great neighbourhood.
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Rental Corner: 2 Bedroom townhouse
128 Strachan Avenue, Unit 1
Leased for $200 over asking!Attractive Townhome In King West, Very Spacious 1418 Square Feet, 3 Bedroom Plus Den Converted To 2 Bedroom Plus Family Room Plus Den, 2 Full Bathrooms, Ensuite Laundry Room, Private Built-In Garage, Large West Facing Terrace Allows For Barbeque. Plenty Of Storage Space, 2 Minute Walk To King Streetcar. Walk To Parks, Shopping, Queen West Attractions. 24 Hr Streetcar On Queen. Great Location. Click here for the full listing |
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