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Saturday , 25 March 2017

Monthly Archives: May 2014

The dining room: formal and fixed or only as needed?

The funny thing about the typical dining room that you find in the average home is that it’s not used for dining. Not much, anyway. It used to be common for families to eat in the kitchen on weekdays and in the dining room on Sundays and special days. No doubt some families still follow this routine. But reports of the demise of the formal dining are becoming increasingly common. It seems that we’re conflicted about our dining rooms, on the one hand resenting the way they take up valuable space and sit empty for long periods, while on the other clinging to the idea that a proper home should ... Read More »

Slight decline in affordability of homes except condos, says RBC

Buying a home in Canada, and in Ontario, has become a little less affordable over the first four months of the year, according to RBC economics, the result of rising home prices and short supply in “top-tier markets.” Strong price growth in Toronto, Vancouver, Calgary and Edmonton is responsible for the decline in national affordability compared to the previous quarter. The latest Housing Trends and Affordability Report from the bank says that single-family homes were particularly hit by “eroding” conditions. Condominiums, on the other hand, actually became slightly more affordable. The RBC housing affordability measures show how much pre-tax household income is needed to service the costs of owning a ... Read More »

The Lanes at 101 Erskine: exquisite townhomes at Yonge and Eglinton

For home buyers who want  the best of all possible worlds, this could be the answer: a spacious home with a garden and patio on a quiet tree-lined street, a short walk from a major shopping and business street, with subway and LRT connections just around the corner. Add access to superb amenities, including first-class fitness centre, party and recreation facilities, and you have an idea of what Tridel’s The Lanes at 101 Erskine have to offer. The Lanes at 101 Erskine are a limited collection of eighteen two- and three-bedroom garden suites and townhomes on Erskine Avenue in the Yonge and Eglinton neighbourhood. Residents will enjoy street-level living, with ... Read More »

Does your condo have a social committee? Does it need one?

With all the statistics about monthly and yearly sales numbers and “inventory” and how many condo units are being built in Toronto at any given time, we can easily forget that we are talking about people’s homes. Behind all the numbers and market analysis are individual people. While these people may be motivated to buy a condo for different reasons—affordability, investment potential, location—many choose to do so for the lifestyle. Among the usual features that proponents of the condo lifestyle mention is the security that comes with living in a well-maintained, well-protected building, with built-in features like surveillance cameras, on-site security personnel and concierge-controlled access. Security appeals to everyone, but ... Read More »

Strong Q1 for new home sales in GTA

The new-home market in the GTA continues to show signs of vigour. Sales of new homes in April were up 17 per cent over the same period last year, RealNet Canada reports. In the GTA in April, 3,243 new homes were sold. Homes in the low-rise category—single detached, semis and townhouses—had the strongest sales. Low-rise sales in April, at 1,805, were up an impressive 83 per cent over last year’s (988), which were the lowest April sales of the past ten years. This April’s sales were just below the ten-year average (1,872). Looking at total sales so far this year, the increase is 46 per cent over 2013. Year-to-date sales ... Read More »

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