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Marina Bolletta, FRI CRES REI ASP Broker of Record
Mark Tavares, Sales Representative 416 947 0777
| March 2013
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Welcome to our newsletter for March 2013!
One U of T professor who is trying to get the city to update its outdated bylaws, including making parking spot rentals legal (although it happens all the time, the current law prohibits it and could result in a fine of $25,000!). You'll find more information below.
As anyone who has been near King and Strachan knows, there's a lot of construction going on. The project has just passed the halfway point, so the end is in sight. Scroll down for photos and more information.
The Bank of Montreal recently lowered their five year fixed mortgage rate to 2.99% and although the other banks haven't yet matched it, there's still time. You'll also find information on Toronto's Silent Film Festival.
Happy Easter and Happy Spring!
Marina and Mark |
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By the numbers: The Strachan Overpass project
When the Strachan overpass is finished, the tracks that used to cross Strachan via a level crossing will be buried out of sight in an 8-metre hole beneath the street.
The project has just passed the halfway mark.
Click here for the full article and more photos |
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Spring housing market could trigger mortgage rate wars as Bank of Montreal lowers rate
The spring housing market is expected to bring on a new battle from mortgage lenders as they compete for what has become a shrinking pie in the form of lower real estate sales.
Bank of Montreal struck first on Friday with a five-year closed mortgage rate of 2.99% - down from 3.09% and now the lowest published rate among the big banks - with sources indicating the financial institution's mortgage specialists are armed with discretionary power to go as low as 2.89%.
Click here for the full article
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Toronto Silent Film Festival:
April 4 to April 9
 Toronto plays host to over three dozen film festivals every year, but here's one that's unique: The Silent Film Festival.
The films are accompanied by live musicians who improvise to the action - and if you've never had the experience of seeing a silent movie in the theatre, this is one you should check out!
Click here for more information
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Renting out a private parking spot in Toronto is illegal
Mariana Valverde, a criminology professor at the University of Toronto, has written a book about the city's bylaws. "It's a basic principle of the rule of law that citizens should know what the rules are that govern them."
Click here for more information
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Market News
Greater Toronto Area (GTA) REALTORS® reported 5,759 sales through the TorontoMLS system in February 2013 - a decline of 15 per cent in comparison to February 2012. It should be noted that 2012 was a leap year with one extra day in February. A 28 day year-over-year sales comparison resulted in a lesser decline of 10.5 per cent.
Click here for the full article |
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3 Bedroom condo at Massey Square
1000 King Street West, PH17
Popular Massey Square, 1366 square feet as per builders original floor plan. Bright north-west , 2 level penthouse, corner unit. 3 Bedrooms, 2 washrooms, parking and locker. Windows in all principal rooms and one bathroom. Large terrace and balcony. Lots of closet space, upgraded floors, granite countertop, crown moulding, stone backsplash in kitchen. Click here for the full listing
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Massey Harris Loft Penthouse
915 King W. PH04
Sassy And Chic 'Massey Harris Lofts', Southwest Corner Penthouse, Original Model Suite, Almost 800 Sq.Ft. Plus 155 Sq.Ft. Terrace Overlooking Massey Harris Park. Radiant Heating Under Dark Chocolate Hardwood Flooring On Both Levels, Cecconi Simone Design Includes Stainless/Black/White Galley Kit, Ultra Modern Baths, 17'9' Ceiling Height.
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Quaint Family Home with Income Potential
75 Mary Street, Elora
 Wonderfully Quaint Home For A Growing Family Or Also Perfect For Live-In With Income Potential. Second Level Has Private Entrance, Full Kitchen And Bathroom, Living room And Bedroom. Main Level Has Spacious Kitchen, Living/Dining room, 2 Bedrooms And Full Bathroom. Click here for the full listing |
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Newly Renovated 2 bedroom apartment right on College
846 College Street, 2nd Floor
 Don't Miss This One! Be The First To Enjoy This 1000+600(Exterior) Sq. Ft. Renovated Space. Gorgeous New Kitchen W/ Subway Tile, Backsplash, New Stainless Built-In Appliances, Stainless Stove, Fridge. New Ensuite Washer & Dryer. Fabulous Renovated 3 Piece Bath W/Porcelain Tiles. All New Windows, Floors, Incredible Outdoor Space. Click here for the full listing |
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2 bedroom East End Home
275 Highfield Road
We found this charming home for our client! Fantastic Family Neighbourhood. Quiet, Tree-Lined Street. This Two-Bedroom Home Is Welcoming And Inviting. Cozy Living Room And Eat-In Kitchen, Bright And Sunny Bedrooms And Stylishly Decorated Bathroom. Beautiful Fenced-In Private Backyard With Vegetable And Herb Garden. |
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