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Neighbourhood Spotlight: Harry’s Steak House

If you have not had the chance to try the west end’s open grill at Harry’s Steak House, you are missing out! Book your reservations now for Valentine’s day or Family Day Weekend. Conveniently located at 3277 Bloor Street West, head over early to enjoy the ambiance and tasty cocktails at the bar. Aside from their juicy steaks, the seafood and veggies are also delicious. Corey & Pat will make sure to take care of you and don’t forget to ask them about the extensive wine list!

Click for Harry’s Steak House Full Website

 

Community Corner: 1-800-Got-Junk Toronto

Preparing to sell your home can be a lot of physical work, especially if you’ve lived in your home for many years. It’s amazing the amount of stuff that can accumulate.

Whether you are thinking of buying, selling, renting or just decluttering your home, we have a promo code to assist you.

Book with 1-800-Got-Junk Toronto and mention the promo code YOUMOVEME65 or see the attached $65 coupon below for a discount on their services.

Click to Download a $65 coupon

Website: 1-800-GOT-JUNK

With Spring just around the corner, now is a good time to get ahead of Spring Cleaning. There is no expiry with this offer, and what better way to have all the items that no longer bring you joy taken away! For more tips on decluttering your home, check out the new hit Netflix show, Tidying Up With Marie Kondo.

Q1 2019 Market Update

2018 brought new lending requirements which affected affordability for first-time home buyers. As an existing homeowner, if you don’t have anyone to buy your house, you can’t move up or move over. This contributed to a shortage in listings, which decreased sales 16.1% from 2017.

Interestingly, the average condo price is up 7.8% from 2017. However, housing affordability is unlikely to improve as home-ownership costs relative to median incomes will continue to rise.

Toronto immigration will continue to have an impact on the market as we are a big destination on a global scale – the average amount of people moving into the GTA is about 100,000 a year and keeps growing! Further, in the GTA, 700,000 millennials will be in the market for a home in the next decade, according to OREA. Therefore, RLP expects the GTA market to see modest gains, with home prices rising 1.3% in 2019.

With an overall slowing global economy and falling stock markets, the central banks are rethinking rate increases as RBC has dropped its fixed-term mortgage rate to 3.74. Canadians with variable-rate mortgages will also likely be spared being hit with higher monthly costs. By the end of 2019, RBC is projecting that “owning a home will take up 79 per cent of the median household income” in Toronto.

Click below to check out our local market reports for The Kingsway, Sunnylea and Thorncrest Village.

Read Our The Kingsway Report, February 2019

Read Our Sunnylea Report, February 2019

Read Our Thorncrest Village Report, February 2019

Let Spring Cleaning Come Naturally

Did you known that your  home can sparkle this spring without using any chemicals? Choose from a wide array of Eco friendly cleaners on the market or simply make your own with household ingredients such as vinegar, baking soda, and lemon juice. Here are a few tips to help you become a natural when it comes to spring cleaning:

The Bathroom

Want to bring out a natural shine to your sinks, toilets and tubs? Create a Gentle scouring paste by mixing 4 tbsp baking soda with 1 tbsp water, sprinkle some salt or baking soda into the sink or tub and use the cut end of half a fresh lemon as a scrubby-pad. Rinse with hot water and your ceramics will be gleaming! Undiluted lemon juice can also be helpful with dissolving soap scum and hard water deposits.

The Kitchen

Vinegar, a natural antibacterial, has a high acid content, making it a perfect alternative to caustic cleaners for the kitchen. Mix together 1 part water to 1 part vinegar in a new spray bottle, and you have a natural solution that will clean your stove tops, appliances, countertops (except marble), and floors! For stains that are tough to get out, try adding a touch of baking soda to the mix.

To remove finger marks from stainless steel appliances use a microfiber cloth or a dab of baby oil on a clean cloth. For microwaves, put a few slices of fresh lemon in an uncovered bowl of water and cook on high for around three minutes. Grease and dirt should wipe away easily.

Windows

Let the sunshine in by washing away winter’s grime. Fill a bucket with 25 per cent vinegar and 75 per cent warm water. Put on rubber gloves and soak an old cotton towel in the solution. Rub on windows, and then scrunch up some old newspapers to buff up a shine. If there are any streaks, simply finish off with a dry cloth.

Fabrics & Carpets

Have a fabric stain that won’t seem to come out? Dab some white winegar onto the stain followed by a mild soap solutions such as all natural dish washing liquid water. Rinse with a clean damp cloth and blot with a dry towel. Salt can also be used to soak up fresh carpet stains, such as red wine, coffee or ink. Simply pour salt on the wet stain, let dry, and then vacuum. Natural ingredients can not only get rid of stains, they’ll help eliminate odors from fabrics too!

Q3 2018 Market Update

We have definitely felt a push in home ownership this summer. Particularly with ‘downsizers’ selling to young families who want in the market, and then on the hunt for large condos in the neighbourhood. With demand continuing to pick up for the fall, fence sitters that were cautious of the changes from the Fair Housing Plan and mortgage lending guidelines are now re-entering the market. Therefore, with this increased demand and still a limited supply of inventory, both the average selling price and number of sales have increased year-over-year as per TREB.

Increase Your Home’s Value

We want you to love the home you’re in. That’s why we’ve partnered with Team Odd Job to give you $10.00 off your next home service booking.

To redeem go to www.TeamOddJob.com and enter promo code ‘NUSCA’.

Neighbourhood Spotlight: Table 21

Check out the Kingsway’s Table 21 Kitchen & Wine Bar, just a couple blocks east of our office. Small and intimate, they serve affordable, delicious food, so close to home! In a casual-meets-fine dining setting, don’t miss the back patio for the last few weeks of this summer weather. Their executive chef Eric Giacomini and his culinary team open up nightly for dinner after 4pm and for our favourite local brunch on weekends – a must try! Click for Table 21’s Full Website

Updated mortgage stress test rules

In early May, the Bank of Canada announced another increase in the mortgage stress test interest rate used for those seeking a home loan. The rate increased by 20 basis points from 5.14 percent to 5.34 percent. It was the fifth increase since May 2017, when the rate was 4.64 percent. Previously only those seeking an insured mortgage (paying less than 20 percent of a down payment) were required to go through the stress test. But as of 2018, all homeowners must pass. The stronger stress test is meant to ensure that borrowers can still keep Jul up with their mortgage payments as interest rates are rising. The stricter rules mean more first-time buyers will have to wait longer and save up more before diving into homeownership, or seek other ways to boost their savings.