Thursday, May 26, 2011

HOUSE PRICES RISE IN MARCH: TERANET INDEX


National resale home prices rose in March at their greatest margin in nine months, according to the Teranet-National Bank Composite House Price Index.

National resale home prices rose in March at their greatest margin in nine months, according to the Teranet-National Bank Composite House Price Index.

Prices were up 0.6% over February and were up 4.1% over the average for the previous 12 months. That was the first time in nine months for a yearly price gain.

Month-over-month prices were up 1.2% in Montreal, 0.6% in Toronto and Vancouver, 0.4% in Ottawa and 0.3% in Halifax. They were down 0.1 in Calgary.

Also this week, the Organization for Economic Co-operation and Development’s Economic (OECD) Outlook predicted Canada’s GDP growth of 3.1% in 2010 will remain fairly stable, dropping slightly to 3.0% in 2011 and then 2.9% in 2012.

Canada’s house prices may start to fall backwards if the global and national economies falter, however, according to the international economic report.

Globally, the OECD’s Deputy Secretary-General Pier Carlo Padoan said global economic risks include further slowing in China’s economy, increases in commodity prices – which could feed core inflation – and struggling economic recoveries in the U.S. and Japan, which could be exacerbated by renewed weakness in both countries’ housing markets.

“A concern is that, if downside risks interact, their cumulative impact could weaken the recovery significantly, possibly triggering stagflationary developments in some advanced economies,” Padoan said. “All this suggests that the global crisis may not be over yet.”

GTA REALTORS® Report Rental Market Figures April 2011

Rental Transactions Up 18 Per Cent for the January to April 2011 period, TREB  Members reported 5,079 lease transactions  for condominium apartments and townhomes.  This result was up 18 per cent from 4,319 lease transactions reported during the same time-period in 2010.  The number of rental units listed on the TorontoMLS® rose 10 per cent to 9,374 units.  
The increase in listings reflects the high level of condominium apartment completions over the past year.  Some investors chose to lease their units upon completion. With the number of transactions rising at a greater rate than the number of units available for rent, rental market conditions tightened.  Average rental rates were up in comparison to last year.  One-bedroom apartments rented for an average of $1,485 per 
month, up 1.5 per cent year-over-year.  Two-bedroom apartment units rented for an average of $1,958 per month – up 2.5 per cent compared to the first four months of 2010.




Continue reading GTA REALTORS® Report Rental Market Figures April 2011

Monday, May 23, 2011

4 Tips to Help you Survive a Move--with your Psyche and Wallet in Tact

Summarized by buzzbuzzhomes.com


1. Choose your Movers like you Choose your Lawyer—Carefully 
There are many tactics that movers use to squeeze more money out of their customers, including holding your items ransom until you pay, or creating extra fees and then justifying them. Beware of these tactics from moving companies. The best way to avoid being put in this situation is to find a trustworthy moving company. Ask your friends for referrals of movers that did a good job in the past; if none of your friends can recommend one then search for mover reviews on the internet. Back in 2009 Toronto rated the city's best moving companies, you can check out their advice here. Also the Ontario Ministry of Consumer Services has a consumers beware list—a list of companies and any and all complaints that have been levied against them. Through their website, here, you can do a search on “moving companies” or by the name of the company you are considering. 
 
2. Get It in Writing 
John Levi, of the Canadian Moving Association believes firmly that when you are contracting a moving company you need to get everything in writing, immediately—and before they put any of your things into their vans. This quote in writing needs to list the total cost of the move, not hourly rates—as this is the easiest way to get ripped off. When you create a flat rate for the move, ensure that everything is included or the agreement will be null and void. Should this happen you need to stop the work immediately and create a new agreement. To avoid this situation ask the movers to physically come over and assess the situation before creating their quote. 

“If you get something in writing, then the contractual obligations are set out, and if they aren’t met, it gives you a much easier time in court,” says John Gerretsen, a former small claims court judge and currently Ontario’s consumer services minister. “If it’s in writing, then it isn’t one of those he-said, she-said situations.” 
 
3. Ensure that you Insure Yourself 
Ensure that you insure against damage—and get that in writing too. You should be asking for “replacement value protection” which will cover the entire value of the broken or lost items. If you do not setup insurance but they pack your boxes, then they are still legally liable for $.60 per pound ($60 per 100-pound package). If your mover is not responsible because you did not include insurance in the quote, and you packed your own boxes then your home owners insurance may cover damages or lost items. 
 
4. Packing Boxes Sucks? 
If you choose to have the company pack your boxes for you it will cost roughly $15 a box for non-fragile items and $30 per box for fragile items like dishes, glass, etc.

Can you afford to buy a home?

Can you afford to buy a home?

Saturday, May 21, 2011

11 Long Weekend Design Projects




Take advantage of holiday weekends and keep busy with a DIY house project or two.
If you're not planning to escape on a trip during this long weekend, try one of these easy indoor or outdoor projects. They're great for three-day weekends when you're itching to get stuff done around the house or cottage. If the weather is fine, venture outside to build a trellis, freshen up the peeling porch paint, or tackle the landscaping. On rainy days, opt for an indoor DIY project, like a kitchen cabinet makeover or framed fabric art. Whether you're working solo or enjoying quality family time, these projects will make for an enjoyable and productive weekend.
11 Long Weekend Design Projects

Wednesday, May 18, 2011

Smart Investments


Which home renos will make you the most money: a kitchen, bathroom or exterior?
A few key upgrades can improve the marketability of your home, increase its value and help to sell it quickly. Here are five renos — from minor to major — worth the effort:

Outside

The exterior of a house is its first impression. The roof represents 30% of what is visible, so it can be a big selling point if it’s in good condition, especially on an older home. Black topping a faded driveway will also improve a home’s curb appeal.

Bathroom

Consumer reports show that homeowners see an 85% return on the cost of renovating a bathroom, making it the most important room to upgrade prior to selling. Consider upping a bathroom’s wow factor with luxury features such as marble counters or flooring and high-end showerheads. Replace outdated mirrors and fixtures, and swap coloured sinks, tubs or toilets with white models. Wall sconces positioned on each side of a vanity mirror are more flattering than overhead fluorescent or globe lights. Create a spa-look by sticking to neutral colours for walls and accessories.

Kitchen

You don’t need to install all the bells and whistles of a cook’s kitchen, but replacing older appliances with the best models you can afford will significantly increase the attractiveness of your home. Inadequate cabinets in cheap or trendy materials turn off potential buyers. If yours need to be upgraded, opt for quality finishes, hinges and sliders. Doors should have room to fully open and drawers should pull out smoothly and feel solid. Replace worn countertops with a highly regarded material such as granite, Corian or stone composite in a neutral colour. These add contemporary shine and give kitchens the luxe appearance potential buyers are looking for. Avoid countertop tiles applied with grout, which might need repairs and appear grungy in a couple of years.

Flooring

Replacing worn carpet or flooring increases the hassle-free quotient of a home. Swapping outdated wall-to-wall carpeting for hardwood flooring or laminate makes spaces look larger and more elegant. Light to mid-tone oak or maple hardwood suits most tastes.

Walls

A fresh coat of paint is an easy and cost-effective way to improve a home’s overall appearance. Avoid trendy or bold colours in favour of soft neutrals. The idea is to create a fresh, pristine backdrop in which potential buyers can easily picture themselves and their possessions.

Still need help?

Speak to a local real estate agent or appraiser for helpful advice on improvements that add value to homes in your particular neighbourhood and in general.
To View this article click here

Tuesday, May 17, 2011

NATIONAL SALES DOWN, AVERAGE PRICE UP: CREA


It seems to be a consistent trend. Sales remain flat or decline, while the average selling price rises.

It seems to be a consistent trend. Sales remain flat or decline, while the average selling price rises.

The latest report from the Canadian Real Estate Association (CREA) finds that seasonally adjusted sales activity edged down in April by 4.4% from March, while actual sales activity on a year-over-year basis dropped 14.7%.  The largest declines in sales activity occurred, as expected, in larger urban centers, such as Vancouver, Fraser Valley and Toronto.

Despite the falling demand, the national average selling price in April rose to $372,544, up 8% from the same month last year. That marks the third consecutive month that the average price has increased by 8% on a year-over-year basis in 2011.  The national average price has been experiencing upward pressure largely because of high-end home sales in Vancouver.

CREA economist Gregory Klump said in a statement released Tuesday that the softening in sales activity is a product of the mortgage rule changes introduced earlier this year. These changes, like the ones last year, pulled sales forward as worried homebuyers raced to beat the March 18 deadline.

“Last April, several transitory factors artificially boosted sales.  This included the impending tightening of mortgage rules, speculation about higher interest rates and the looming introduction of the HST in some provinces.  This year, additional measures to tighten mortgage rules were implemented in March and the other transitory factors were absent,” said Klump.

“This makes it difficult to compare the two months in order to reliably gauge the impact of the latest round of mortgage rule changes.”

One other factor the housing market will have to deal with as demand falls is rising supply. The number of new home listings in April rose 1.3% from March on a seasonally adjusted basis.

In combination with fewer sales, the national sales-to-new listings ratio came in at 52.5% in April, down from 55.7% in March.

Another gauge of the market is the number of months of inventory, which represents how many months it would take to sell the current amount of inventory at the current rate of sales. The national measurement came in at six months at the end of April, up from 5.7 months in March.

Wallpaper Your Walls to High Style

Wallpaper Your Walls to High Style


Say the word Wallpaper and many people will cringe…this does not have to be so. Wallpaper has come a long way. Companies like Crown Wallcoverings, www.crownwallpaper.com (available to Trade only) are providing us with options which are a positive addition to our interior spaces.
Especially in a Condo Space, wallpaper can add much needed ‘action’ and ‘detail’ to an entry way or a tiny powder room.
geometric wallpaper Wallpaper Your Walls to High Style
Wallpaper has come a long way, geometric patterns give accent to architectal details or create an illusion of depth.
contemporary wallpaper Wallpaper Your Walls to High Style
Contemporary patterns are the simple to use..just a touch of pattern or large and voluminous to fill the space..it is all up to you and your taste.
natural stone look wallpaper Wallpaper Your Walls to High Style
Natural elements interpreted in wallpaper is a nice way to add texture and interest to your walls ,Contemporary patterns are the simple to use..just a touch of pattern or large and voluminous to fill the space..it is all up to you and your taste.
accent wall Wallpaper Your Walls to High Style
The whole room does not have to be covered with wallpaper, an accent wall in an entrance is a very effective way to create some drama and to identify the 'sone'.
accent wallpaper Wallpaper Your Walls to High Style
The dining room beyond is dramatic and playful...creating a great perspective which can be enjoyed everyday.
bathroom wallpaper Wallpaper Your Walls to High Style
I love wallpaper in a bathroom, it is usually a smaller space which does not have much wall space...great way to accentuate the theme with wallpaper without being overwhelming.
Yes you can put wallpaper in a humid space, you just have to use the appropriate one and install it correctly. A vinyl coated product is best…stay away from grasscloth and other natural weaves, they may harbour mold over time.
chalkboard Wallpaper Your Walls to High Style
Though this is not 'wallpaper', it is certainly a 'wall treatment', what a great idea in a kid's room for an everchanging and personal wall covering, they would have fun with this and be inspired daily as well.
dining drama wallpaper Wallpaper Your Walls to High Style
A dining room is the perfect place for wallpaper, you do not use this room everyday ( usually), so adding that dramatic touch will not get boring anytime soon.
dark wallpaper Wallpaper Your Walls to High Style
A dark wallpaper is perfect in a den or office space
contemporary Wallpaper Your Walls to High Style
Who says wallpaper is a traditional decorating tool...this room with very contemporary furniture is fantastic with the large scale damask-like pattern.
grasscloth Wallpaper Your Walls to High Style
Grasscloth has been around for decades, the new patterns available will suprise you...always discreet and elegant, Grasscloth will give you that timeless touch.
hallway wallpaper Wallpaper Your Walls to High Style
A hallway is a great place too...just keep it neutral...it is a space you just walk through, so the wallpaper can tie all the other rooms together nicely.
kids room walpaper Wallpaper Your Walls to High Style
A kid's bedroom is a no brainer...wallpaper is perfect here, and when the mood changes, you can change the paper...if you install it correctly, you will not have a difficult time taking it off.
In the photo above, I mention removing wallpaper…well, all you have to do is paint with a finish which will seal the wall properly, like an acrylic eggshell or satin. Then prep the walls with some wallpaper sizing and that is it. The next time you want to change the paper, it will peel of easily.
large scale Wallpaper Your Walls to High Style
The large scale of this paper is what makes it work...besides the neutral colour ofcourse.
opulent wallpaper Wallpaper Your Walls to High Style
Did someone ask for Opulent?? this is it. There is an appropriate style for everyone.
powder room Wallpaper Your Walls to High Style
A powder room is a Perfect place to install wallpaper, it is a small space which you go into for a short time..why not make it a fun experience...your friends will appreciate the gesture.
themed wallpaper Wallpaper Your Walls to High Style
When you want to create a 'themed room', wallpaper is a great place to start. Though a tad overwhelming, this room is undoubtedly a library.
trompe loeil Wallpaper Your Walls to High Style
The art of Tompe l'Oeil is centuries old. You can have an artist paint on canvas and then install the art on your walls to create a scene. Done well, this look is very dramatic and elegant.
wallpaper 1 Wallpaper Your Walls to High Style
Accent wallpaper just on the fireplace adds a bit of detail to the room. Like I said, it does not have to be everywhere.
wallpaper panels Wallpaper Your Walls to High Style
Another creative way to use wallpaper...in the panels of the walls, if you use just a textural pattern, you will add that extra layer of pattern and colour which can enhance the architecture.
Wallpaper is a very versatile tool for you to use in order to express your style of decor. The key is to not go overboard and to use a good quality printed product…do it in the powder room, on an accent wall , or in your hallway..just don’t do it everywhere. As I often say, too much of a good thing is not good either!

Monday, May 9, 2011

For SALE: Rear Opportunity to own on one of the best lots on the River



Rear opportunity to Own 229 Foot Frontage On Credit River! At Mississauga Rd and Indian Rd.
Priced at $2,600,000 MLS®: W2096966
Ron Thom Design with Walls Of Windows Overlooking Credit River, with beautiful Waterfall in the garden. Incredible Vistas.  Great Room With Cathedral Ceilings And Stone Fireplace-Four Bedroom With A 700 Sq Ft Master Suite. Den/Family Room With Stone Fireplace And A Screened Porch All With Views Of The Credit River. No Need For A Cottage, It’s All Here!  Boat From Your Own Lot - Fabulous Deck At River Edge One Of The Best Locations On The River. 
Contact me for more information.




















Friday, May 6, 2011

Here’s how to grow some green on the balcony

By Martha Uniacke Breen

Just because you live in a condo doesn’t mean you have to give up gardening. Whether you want to grow vegetables or your favourite flowers, create an outdoor room for specific functions such as barbecuing or doing sun salutations, or just want to look out at something other than a bald concrete box, there’s a lot you can do to create your own private skybound oasis.
Allan Kling is the owner of Urban Garden, a downtown landscaping firm that specializes in inner-city plots, including terrace and balcony gardens. He thinks that a condo balcony should be much more than just a place to banish guests who smoke. But before you begin, there are some specifics you need to find out, he says.
First and most important, consult your condo board. Many condos have strict bylaws and regulations governing what you can do with your balcony, and they can make you take the whole thing out if you break the rules. Most condo bylaws won’t let you do anything that would alter the look of the condo façade as a whole, or make any permanent changes, such as painting it or adding built-in planters (unless they are removable). Some of them have to do with safety: You can’t attach anything to the railing, for example, that could be used as a step to jumping (or falling) off. Consider the neighbours as well; if you shower the guy below with a hose every morning when you’re watering your begonias, you’re going to get complaints. (And make sure anything you put out there is heavy enough not to blow over, especially off the balcony, where it can be deadly to someone below.)
Next, how much time are you prepared to spend on the garden? If you’re willing to devote a part of every day to maintenance chores such as watering, pruning and replanting, then you can be a bit more ambitious, but be realistic. Neglected plants look worse than no plants at all.
What are the conditions out there? Is it windy, cold, dry, sunny (and for how long each day), shaded? Toronto may be generally rated as Zone 6 for plant hardiness, but just a few storeys up the conditions become much less balmy. Mr. Kling considers most high-rise balconies to be around Zone 3 or 4; that’s the equivalent of Northern Alberta.
But even with these considerations, there are many beautiful options for enjoying your balcony — even no-care ones, if you choose. Paul Zammit, the Nancy Eaton director of horticulture for the Toronto Botanical Garden, says there’s no reason you can’t have as aesthetic an outdoor space in a condo as earthbound citizens do. It’s simply a matter of scale.
Plan the space as a whole, not just the planters, he says. Even on a 4×6-foot balcony, you can place a bench or seat, a small table for a drink, and a couple of urns to maximize a lovely view. (The same is true if you have an ugly view; again depending on your condo board’s rules, you can put up a screen, grow trailing plants such as morning glories or ivy on strings, or buy a small potted tree, to minimize it.) In a larger space, you could even create a mini-parkette, with winding walkways, potted trees and a hidden destination or focal point.
Next choose the type and position of containers, he advises. “There are fibreglass, resin, iron and some types of terra cotta containers that look beautiful all year round, won’t blow over in high winds and can withstand the elements.” Weight considerations are important, not just because of the load limit of the balcony itself, but also governing the amount that you can physically lift to get it up to the balcony. The easiest alternative is to buy a decorative container, put it in place first, then fill it with potting mix and plants. Some garden centres even sell preplanted “containers” in fibre pots that you can just drop into your decorative planter, saving you the trouble of planting, and  they’re lightweight enough to carry up to your condo.
Given the right growing conditions, there are a wide variety of plants that do well in containers, even sky-high ones. For four-season interest, Mr. Kling recommends small trees such as amur maple, serviceberry, juniper and tree lilac. Perennials and shrubs that work well include euonymus (especially the variegated forms such as ‘Emerald Gaiety’), boxwood, cranesbill, some hostas and grasses. Paul Zammit’s suggests adding accents such as calamagrostis ‘Karl Foerster,’ a type of grass that’s tough as nails, doesn’t grow too large and bears lovely gold-cream tassels that can be left in place all winter.)
Succulents are great for balcony containers, since they don’t mind the dry, windy conditions of balconies, come in a rainbow of sizes, colours and shapes, and almost all look good planted together. Many garden stores sell a huge variety of low-growing succulents like hens-and-chicks, letting you create a mini-tapestry that will last till frost; fill in bare spots with white gravel that you can remove as they grow in size.
If you don’t mind a little more work, think seasonally. In spring, you can bring in potted bulbs, replacing them with high-performing annuals such as petunias in summer, and finishing with mums in fall. Consider foliage plants as well, especially in shade. Both Mr. Zammit and Mr. Kling are great fans of coleus, which you can grow from seed right in the planter (or buy seedlings), come a variety of heights, leaf shapes and colours, and are almost as bright as flowering plants. And potted herbs are not only pretty to look at, they’ll provide a steady supply of fresh herbs for your table.
Even if you can’t (or don’t want to) have actual living plants, there are alternatives that are beautiful and much less maintenance. Nowadays, you can buy artificial plants and trees that are so lifelike, you practically have to touch them to know they’re not real, and they’ll last for years looking as healthy as when you bought them. And you can add other features such as a small water feature that emits a soothing sound, or a sculpture or art piece as a focal point.
The main point, Mr. Zammit says, is not to take on more than you can reasonably maintain; it should be a refuge at the end of the day, not another chore. Balcony gardens have special requirements, but they offer special pleasures as well: seeing young leaves unfurl close-hand, enjoying the whisper of wind through grass or the trickle of water instead of your neighbour’s stereo — or just feeling connected to the earth, though it may be 20 storeys below.
From Allan Kling, Urban Garden: Preferred plants for balcony gardens
Tall – deciduous
• downy serviceberry
• amur maple
• lilacs:  Japanese tree, dwarf, common
• blue beech (carpinus caroliniana)
Tall – evergreen
• most columnar forms of juniper (Fairview)
• Vanderwolf’s Pyramidal pine
• Fat Albert spruce
• Korean fir
Mid
• purple sand cherry
• burning bush
• dwarf Alberta spruce
• Hill’s yew
• hydrangea ‘endless summer’
Small
• sedum autumn joy
• most forms of carpet juniper
• euonymus ‘emerald gaiety’
• boxwood
Perennials / Grasses
• Karl Foerster Reed Grass
• Cranesbill (geranium ceinerium ‘Ballerina’; g. psilostemon’Rozanne’)
• Hakone grass
• Echinicea ‘Pica Bella’
• Lamium masculatum ‘Red Nancy’