Condominium prices jumped 5.1 per cent to $619,707 in the second quarter of 2020, from $589,622 in Q2 2019, despite sales dropping more than 50 per cent.
The Toronto Regional Real Estate Board (TRREB) recently announced that second quarter 2020 condo sales amounted to 3,459 – down 50.8 per cent from 7,024 sales in Q2 2019.
Listings were also down, 21.6 per cent to 8,717 in Q2 2020, compared to 11,114 new listings in Q2 2019.
“The condominium apartment market experienced a dip in sales and new listings in the second quarter of 2020, as many potential buyers moved to the sidelines as a result of public health measures taken to combat COVID-19 and the resulting economic downturn,” says TRREB President Lisa Patel. “With the overall housing market trending toward recovery in June, condo apartment sales will likely improve in the third quarter.”
“It will be important to watch the relationship between condominium apartment sales and new listings as we move through the second half of 2020,” adds Jason Mercer, TRREB’s chief market analyst. “If economic recovery is sustained, the demand for condo apartments will improve. However, the prospect of stricter regulations on shortterm rentals and softer rental market conditions could fuel increased listings of investor-held units. If we see more balanced market conditions, condo price growth could be more moderate compared to lowrise home types.”
"We look forward to contributing to the economic growth of Brantford by providing affordable living and a platform to strengthen the foundation of community."
This sleek Quantum tub filler from Tenzo features a recessed hand held shower hose and a 12-in. swivel spout, which is the longest available in the market.
The thought of owning a new home is extremely enticing and exciting. However, the market for new condominiums in the GTA is extremely competitive, and suites sell very fast.
In January 2018, the OFSI mortgage stress test (B-20) was introduced to test a homebuyer's ability to afford their property in the event of an interest rate increase.
A 72-acre site at Lakeshore Road West and Mississauga Road coined Brightwater, a new master-planned community that will bring housing, retail, green and community space to historic Port Credit.
COVID-19 has created a unique situation in the real estate market, not only for the buyer and seller, but also for realtors, mortgage brokers and lawyers.
All-electric fireplace showroom and design centre with the largest selection in Toronto and York Region. Combining specialized expertise with over 20 years' interior design experience. On-wall, in-wall, fireboxes, retrofit inserts, mantels, custom cabinetry, stone and brick veneers. Residential and commercial. Trade and volume inquiries always welcome.
Sharp Electronics of Canada Ltd. is dedicated to improving the lives of consumers through the use of advanced technology. With a commitment to innovation, quality, value and design, Sharp consumer electronics and appliances enhance enjoyment, while adding to comfort.
Since 1873, Kohler Co. has been improving the level of gracious living by providing exceptional products and services for our customers’ homes and their lifestyles.
By becoming the standard bearer in the basement renovation industry, we can promote quality materials, professional trades, honest pricing, and better communication standards to create customer advocates and inspire our competitors.
Cosentino is a global, family-owned company that produces and distributes high value innovative surfaces for the world of architecture and design, leaders in their respective segments such as Silestone® Quartz surfaces and Dekton® Ultracompact surfaces. Technologically advanced surfaces that create unique designs for the home and public spaces.
Euro-Line Appliances has brought elite European engineered appliances to Canadian homes for over 25 years. Our brands exceed expectations and have earned awards in design, engineering, performance, and energy efficiency. All of our cooking, refrigeration, dishwashers, and laundry appliances are created to conserve our non-renewable resources.
IMPROVE is totally unique to Canada. Based on the international success of similar concepts throughout the world, IMPROVE understands how to make home improvement much easier and more pleasurable for consumers and trades to shop all under one roof.
For over 50 years, Faema Canada has introduced the art of traditional Italian Espresso and Cappuccino to Canadians. We carry a variety of premium brands that can be tested at any one of our retail stores. Our selection of machines is only complemented by our assortment of fine espresso blends imported from Italy. Our wide selection of beans can also be brewed and sampled at all of our locations.
Canadian Appliance Source has become the fastest growing provider of Major Home Appliances in Canada for over 10 years, we have grown to include over 13 locations across Ontario & Quebec.
SFA SANIFLO INC. (“SANIFLO”) is the only manufacturer of its kind in North America offering a complete line of macerating toilet systems for residential and light-commercial applications where installation of plumbing fixtures with below-floor drainage is impossible or cost-prohibitive.
As a cooperative with 1,000 stores worldwide, we not only have enormous buying power, but we have partners in all of the major brands, mills and manufacturers.
Shelter Furniture recognizes your individual style and are sensitive to your space and your vision for your home. With our in store design services, we help you create unique space that helps bring your home to life.
From a modest machine shop in Baltimore to the surface of the moon, we’ve proudly provided innovative solutions for over a century. Discover the pioneering history of BLACK+DECKER.
At Riobel we design, create and assemble faucets, shower systems and accessories in our Canadian facility located in St-Jérôme, a suburb of Montréal. Our modern and fashionable products are designed to fit all kitchens or bathrooms. They are easy to install, while mechanical parts are accessible from above the counter to facilitate cleaning and maintenance. Riobel: a benchmark of excellence since 1995!
Established in 1987, Caesarstone pioneered the original quartz surface and continues to be a leading developer and manufacturer of premium surfaces. Highly functional and design forward, Caesarstone surfaces have endless application possibilities including kitchen countertops, bathroom vanities, wall paneling, furniture and more.
Fusion Stone is an easy and budget-friendly way to beautifully upgrade your home, inside and out. A patented Shouldice innovation, Fusion Stone is a thin stone veneer that is easily installed with the included stainless steel clips & screws. You just screw it to the wall and it’s “Hooked for Life”.
With over 90 years of experience, BLANCO is the leading kitchen sinks and faucets manufacturer. From handcrafted in Germany Steelart® sinks and the beauty of Silgranit®, to the European design faucets, BLANCO products are celebrated worldwide for their unmatched quality and design. Blanco Silgranit® sinks are proudly manufactured in Canada TRADE ONLY.
COVID-19 has created a unique situation in the real estate market, not only for the buyer and seller, but also for realtors, mortgage brokers and lawyers. The current restrictions and limitations necessary to comply with physical distancing are having a direct impact on a buyer's experience. Showings are conducted virtually, meetings with brokers and lawyers take place over Zoom, and everyone is working remotely.
As a solution to some of these challenges, many real estate agents are now including COVID-19 clauses in Agreements of Purchase and Sale. But how do these clauses protect the parties and what should you look out for?
COVID-19 clauses in Agreements of Purchase and Sale are meant to protect the parties from delays and interruptions to their deal caused by issues relating to COVID-19, including illness, self-isolation or delays with third parties. However, a COVID-19 clause, which is not carefully drafted and reviewed, may cause unnecessary confusion or delay.
Consider, for example, a common clause which contemplates an extension of a real estate transaction where either party is subject to a mandatory COVID-19 quarantine and the agreement is automatically extended, at the request of either party, for a period of 14 days.
This clause doesn't consider a situation where a party is still sick after 14 days or where a party has to stay in isolation as other members of their household remain COVID positive. In addition, most people self-isolate voluntarily, rather than it being mandatory. Would this put a party, who is self-isolating to mitigate the risk of exposure or transmission to others, in breach of the agreement? And what if the party was able to close the deal remotely, using audiovideo technology? Would they be able to delay the transaction due to a quarantine despite their ability to close?
So, what if your real estate agent includes a COVID-19 clause in an offer, or you receive one from a potential buyer? Discuss the clause carefully with your agent and seek the advice of your real estate lawyer before signing the agreement. It's important to disclose what you are hoping to achieve should an unexpected situation arise.
Certainly, there are ways to protect both the buyer and the seller from complications which may arise as a result of COVID-19. But it's important that buyers and sellers are aware of the potential pitfalls with these clauses before including them in any contract or Agreement of Purchase and Sale.
The world as we know it has changed, and we must change with it. Protect yourself and your family by speaking to an experienced real estate lawyer, and they will guide you properly and protect you to the exclusion of all others from the dangers brought forward by COVID-19.
A good real estate lawyer should also ensure you have a will or Power of Attorney. The minute any real estate deal is firm, ensure that at a minimum you have a Power of Attorney in place in the event that you are physically or mentally unable to complete the transaction.
You must protect your family and yourself.
Jayson Schwarz LLM and Jacqueline Moneta are with Schwarz Law LLP. To suggest topics for future columns or ask questions, visit schwarzlaw.ca or email info@schwarzlaw.ca.
The Gracious Living Centre (TGLC) is available to assist you from start to finish! Our professional team will work with you on: Space planning; Complete renovation; Design and functional cabinetry; Kitchen, vanity, laundry, bedroom or family room. We excel in coordinating the appropriate appliances, under-cabinet lighting, and colour schemes for your floor, countertop and backsplash.
For over 50 years, Irpinia Kitchens has evolved into a cabinet manufacturer with a focus on quality and fine detail, serving a network of dealers and clients both in Canada and internationally.
Owners of a detached, semi-detached, or row house in the City of Toronto may be eligible for financing through the Home Energy Loan Program. Get low interest financing from the City of Toronto to improve the energy efficiency of your home.
Strong growth in sales and prices in the GTA in July was driven primarily by lowrise home types, notably within the city of Toronto, according to the latest data from the Toronto Regional Real Estate Board (TRREB). And in the condominium segment, despite more balanced market conditions, year-over-year price growth remained in the high single digits.
Sales recorded a 29.5-per-cent increase over July 2019 – a new record for the month of July, TRREB reports. On a preliminary seasonally adjusted basis, sales were up by 49.5 per cent compared to June 2020.
The overall average selling price was up by 16.9 per cent year-over-year to $943,710. On a preliminary seasonally adjusted basis, the average selling price was up by 5.5 per cent compared to June 2020.
“Sales activity was extremely strong for the first full month of summer,” says TRREB President Lisa Patel. “Normally we would see sales dip in July relative to June as more households take vacation, especially with children out of school. This year, however, was different with pent-up demand from the COVID-19-related lull in April and May being satisfied in the summer, as economic recovery takes firmer hold, including the Stage 3 re-opening. In addition, fewer people are travelling, which has likely translated into more transactions and listings.”
“Competition between buyers continued to increase in many segments of the GTA ownership housing market in July, which fueled a further acceleration in year-over-year price growth in July compared to June,” adds Jason Mercer, TRREB’s chief market analyst. “On top of this, we also experienced stronger sales growth in the more-expensive detached market segment, which helps explain why annual growth in the overall average selling price was stronger than growth for the MLS HPI Composite benchmark.”
Mortgage pre-approval is basically an initial assessment from the lending company where they agree, in principle, only to lend you a certain amount to buy your property.
This Saturday, Sept. 12 marks the Weekend to Conquer Cancer, and once again, as she has done for the last 14 years, new home industry marketing executive Linda O’Connor of Ryan Design International is participating in honour of her friend, Missy Daiter.
Covering a huge swath of land – 288 square kms, 13 km of which front Lake Ontario – Mississauga comprises many distinct neighbourhoods and communities.
Strong growth in sales and prices in the GTA in July was driven primarily by lowrise home types, notably within the city of Toronto, according to the latest data from the Toronto Regional Real Estate Board (TRREB).
Purchasers at Geranium's new home community Edgewood in Pickering will enjoy the water conservation benefits of having a Greyter Home water recycling system included in their home at no extra charge.
Purchasers at Geranium's new home community Edgewood in Pickering will enjoy the water conservation benefits of having a Greyter Home water recycling system included in their home at no extra charge.
Geranium is the first homebuilder in Canada to parcel this feature into the construction of an entire community. For Edgewood homeowners, this will mean reducing their annual water bill by approximately 20 per cent and, for a family of four, saving up to 30,000 litres of water in one year – an amount of water that could fill a 16-by-32-ft. rectangular swimming pool.
"Water is a precious resource and Canadians are one of the highest users per capita worldwide," says Boaz Feiner, president of Geranium. "At home, we use hundreds of litres of water daily by showering, bathing, flushing toilets, running dishwashers and washing machines. In 2013, we learned about Greyter's initiatives for the commercial market. Although there wasn't a residential system available in Canada, they were working towards changing that. Going forward, we decided to include the rough-in for a greywater system in our lowrise homes, something that would be much more costly to do if possible at all, once the house was built. By providing the rough-in, we are giving the owners of our homes the opportunity to buy and install a system when they became available for houses."
Greyter's Home system captures and treats shower and bathwater so it can be reused for flushing toilets. The entire compact system is installed inside the home, requires only five standard plumbing connections and is easy for a professional plumber to install. Additional features are its superior, proprietary filtration and treatment process; low maintenance; low energy requirements; and comes with a touchpad controller that handles all aspects of the system operation and provides the homeowner with performance data, maintenance reminders and tutorials.
Geranium and Greyter will share data collected from the Edgewood homes, with the City of Pickering and Durham Region. Geranium has been selected as the winner of the City of Pickering's 2019 Sustainability Award for its Edgewood community.
geranium.com
Sharp Electronics of Canada Ltd. is dedicated to improving the lives of consumers through the use of advanced technology. With a commitment to innovation, quality, value and design, Sharp consumer electronics and appliances enhance enjoyment, while adding to comfort.
SFA SANIFLO INC. (“SANIFLO”) is the only manufacturer of its kind in North America offering a complete line of macerating toilet systems for residential and light-commercial applications where installation of plumbing fixtures with below-floor drainage is impossible or cost-prohibitive.
IKO has grown from humble beginnings to a global leader in the roofing products industry, with more than 3,000 employees worldwide, and state-of-the-art manufacturing plants.
Euro-Line Appliances has brought elite European engineered appliances to Canadian homes for over 25 years. Our brands exceed expectations and have earned awards in design, engineering, performance, and energy efficiency. All of our cooking, refrigeration, dishwashers, and laundry appliances are created to conserve our non-renewable resources.
Established in 1987, Caesarstone pioneered the original quartz surface and continues to be a leading developer and manufacturer of premium surfaces. Highly functional and design forward, Caesarstone surfaces have endless application possibilities including kitchen countertops, bathroom vanities, wall paneling, furniture and more.
Canadian Appliance Source has become the fastest growing provider of Major Home Appliances in Canada for over 10 years, we have grown to include over 13 locations across Ontario & Quebec.
At Riobel we design, create and assemble faucets, shower systems and accessories in our Canadian facility located in St-Jérôme, a suburb of Montréal. Our modern and fashionable products are designed to fit all kitchens or bathrooms. They are easy to install, while mechanical parts are accessible from above the counter to facilitate cleaning and maintenance. Riobel: a benchmark of excellence since 1995!
As a cooperative with 1,000 stores worldwide, we not only have enormous buying power, but we have partners in all of the major brands, mills and manufacturers.
Cosentino is a global, family-owned company that produces and distributes high value innovative surfaces for the world of architecture and design, leaders in their respective segments such as Silestone® Quartz surfaces and Dekton® Ultracompact surfaces. Technologically advanced surfaces that create unique designs for the home and public spaces.
IMPROVE is totally unique to Canada. Based on the international success of similar concepts throughout the world, IMPROVE understands how to make home improvement much easier and more pleasurable for consumers and trades to shop all under one roof.
All-electric fireplace showroom and design centre with the largest selection in Toronto and York Region. Combining specialized expertise with over 20 years' interior design experience. On-wall, in-wall, fireboxes, retrofit inserts, mantels, custom cabinetry, stone and brick veneers. Residential and commercial. Trade and volume inquiries always welcome.
Shelter Furniture recognizes your individual style and are sensitive to your space and your vision for your home. With our in store design services, we help you create unique space that helps bring your home to life.
From a modest machine shop in Baltimore to the surface of the moon, we’ve proudly provided innovative solutions for over a century. Discover the pioneering history of BLACK+DECKER.
Fusion Stone is an easy and budget-friendly way to beautifully upgrade your home, inside and out. A patented Shouldice innovation, Fusion Stone is a thin stone veneer that is easily installed with the included stainless steel clips & screws. You just screw it to the wall and it’s “Hooked for Life”.
For over 50 years, Faema Canada has introduced the art of traditional Italian Espresso and Cappuccino to Canadians. We carry a variety of premium brands that can be tested at any one of our retail stores. Our selection of machines is only complemented by our assortment of fine espresso blends imported from Italy. Our wide selection of beans can also be brewed and sampled at all of our locations.
Since 1873, Kohler Co. has been improving the level of gracious living by providing exceptional products and services for our customers’ homes and their lifestyles.
With over 90 years of experience, BLANCO is the leading kitchen sinks and faucets manufacturer. From handcrafted in Germany Steelart® sinks and the beauty of Silgranit®, to the European design faucets, BLANCO products are celebrated worldwide for their unmatched quality and design. Blanco Silgranit® sinks are proudly manufactured in Canada TRADE ONLY.
By becoming the standard bearer in the basement renovation industry, we can promote quality materials, professional trades, honest pricing, and better communication standards to create customer advocates and inspire our competitors.
We are one of the leading engineered stone manufacturers in the world offering over 60 unique and innovative colours and designs. Our products are widely used in interior applications such as kitchen countertops, bathroom vanities, wall panelling and flooring.
Maroon Decor is an organization established in 2005 in Toronto. ON specialized in the Interior & Exterior designing & implementation needs & requirements for different levels of the clients, retail wise & projects wise.
Headquartered in New York City, New Tang Dynasty (NTD) Television serves more than 100 million potential viewers in China and around the world. Founded by Chinese Americans, and rooted in traditional Chinese culture, NTD serves as a unique bridge between the East and the West.
Since 1883, Benjamin Moore has been producing the highest quality paints and finishes in the industry. A superior paint experience with every product. Incomparable colour, flawless coverage, and lasting durability.
The Building Industry and Land Development Association (BILD) is the voice of the home building, land development and professional renovation industry in the Greater Toronto Area. We are a non-profit, industry funded organization that works to improve the communication between our industry and government, provide enhanced opportunities for our members, promote the welfare of the industry, and protect the interests of consumers.
TRREB has submitted a detailed policy brief to all levels of government to address economic recovery initiatives surrounding the real estate market. Our key recommendation message is to use caution in implementing demand-side real estate market stimulus.
After a sharp decline in market activity, current real estate indicators are showing a substantial recovery in the GTA real estate market. Before the onset of COVID-19, there was a great deal of pent-up demand in the market. This has arguably increased further over the past three months.
Barring any setbacks, including a sustained second wave of the pandemic or a prolonged recession, we should continue to see stronger market conditions in the second half of 2020 as households look to satisfy their ownership housing needs.
Moving forward, housing affordability in the GTA should continue to be a priority and governments should approach with caution when considering any additional demand-side stimulus to the GTA real estate market. With that said, the best way to address this is by ensuring adequate and appropriate housing supply, which was also set out in our policy brief submission to all levels of government.
TRREB has long called on all levels of government to address the “missing middle.” We continue to do that with our economic recovery initiatives brief and recommend that all governments expedite the creation of this type of housing, including expediting the City of Toronto’s consideration of expanding yellow belt housing opportunities. This refers to the 35 per cent of City land where 70 per cent is currently zoned for detached homes. A City report was recently released in response to a Council direction to report on options to increase missing middle housing options.
TRREB’s economic recovery initiatives brief also outlines recent market statistics, which show a significant rebound in the GTA real estate market since the start of the pandemic. It also outlines results of recent research conducted by Ipsos Public Affairs, which shows that homebuying intentions remain stable and that the supply of homes listed for sale could continue to be outpaced by demand.
We have also outlined a number of initiatives that could be considered if economic conditions worsen, including:
Municipal and Provincial Land Transfer Tax holidays/deferrals, rate adjustments, and expanded rebates for first-time buyers
Property tax deferrals
Postponement of consideration of potential vacancy taxes
Adjustments to the mortgage stress test
Allow 30-year amortizations for insured mortgages, and
Adjustments and expansion of the RRSP Home Buyers’ Plan
TRREB has been working closely with all levels of government to provide up-to-date data on the state of the real estate market. We will continue to do so to help decision makers respond to the current state of affairs in an informed way.
Lisa Patel is President of the Toronto Regional Real Estate Board, a professional association that represents 54,500 professional realtor members in the Greater Toronto Area. You can contact her at trebpres@trebnet.com. For updates on the real estate market, visit trreb.ca.
Mortgage pre-approval is basically an initial assessment from the lending company where they agree, in principle, only to lend you a certain amount to buy your property.
This Saturday, Sept. 12 marks the Weekend to Conquer Cancer, and once again, as she has done for the last 14 years, new home industry marketing executive Linda O’Connor of Ryan Design International is participating in honour of her friend, Missy Daiter.
Covering a huge swath of land – 288 square kms, 13 km of which front Lake Ontario – Mississauga comprises many distinct neighbourhoods and communities.
Strong growth in sales and prices in the GTA in July was driven primarily by lowrise home types, notably within the city of Toronto, according to the latest data from the Toronto Regional Real Estate Board (TRREB).
Purchasers at Geranium's new home community Edgewood in Pickering will enjoy the water conservation benefits of having a Greyter Home water recycling system included in their home at no extra charge.
Shelter Furniture recognizes your individual style and are sensitive to your space and your vision for your home. With our in store design services, we help you create unique space that helps bring your home to life.
Euro-Line Appliances has brought elite European engineered appliances to Canadian homes for over 25 years. Our brands exceed expectations and have earned awards in design, engineering, performance, and energy efficiency. All of our cooking, refrigeration, dishwashers, and laundry appliances are created to conserve our non-renewable resources.
As a cooperative with 1,000 stores worldwide, we not only have enormous buying power, but we have partners in all of the major brands, mills and manufacturers.
From a modest machine shop in Baltimore to the surface of the moon, we’ve proudly provided innovative solutions for over a century. Discover the pioneering history of BLACK+DECKER.
Purchasers at Geranium's new home community Edgewood in Pickering will enjoy the water conservation benefits of having a Greyter Home water recycling system included in their home at no extra charge.
Geranium is the first homebuilder in Canada to parcel this feature into the construction of an entire community. For Edgewood homeowners, this will mean reducing their annual water bill by approximately 20 per cent and, for a family of four, saving up to 30,000 litres of water in one year – an amount of water that could fill a 16-by-32-ft. rectangular swimming pool.
"Water is a precious resource and Canadians are one of the highest users per capita worldwide," says Boaz Feiner, president of Geranium. "At home, we use hundreds of litres of water daily by showering, bathing, flushing toilets, running dishwashers and washing machines. In 2013, we learned about Greyter's initiatives for the commercial market. Although there wasn't a residential system available in Canada, they were working towards changing that. Going forward, we decided to include the rough-in for a greywater system in our lowrise homes, something that would be much more costly to do if possible at all, once the house was built. By providing the rough-in, we are giving the owners of our homes the opportunity to buy and install a system when they became available for houses."
Greyter's Home system captures and treats shower and bathwater so it can be reused for flushing toilets. The entire compact system is installed inside the home, requires only five standard plumbing connections and is easy for a professional plumber to install. Additional features are its superior, proprietary filtration and treatment process; low maintenance; low energy requirements; and comes with a touchpad controller that handles all aspects of the system operation and provides the homeowner with performance data, maintenance reminders and tutorials.
Geranium and Greyter will share data collected from the Edgewood homes, with the City of Pickering and Durham Region. Geranium has been selected as the winner of the City of Pickering's 2019 Sustainability Award for its Edgewood community.
geranium.com
Canadian Appliance Source has become the fastest growing provider of Major Home Appliances in Canada for over 10 years, we have grown to include over 13 locations across Ontario & Quebec.
Established in 1987, Caesarstone pioneered the original quartz surface and continues to be a leading developer and manufacturer of premium surfaces. Highly functional and design forward, Caesarstone surfaces have endless application possibilities including kitchen countertops, bathroom vanities, wall paneling, furniture and more.
Since 1873, Kohler Co. has been improving the level of gracious living by providing exceptional products and services for our customers’ homes and their lifestyles.
Sharp Electronics of Canada Ltd. is dedicated to improving the lives of consumers through the use of advanced technology. With a commitment to innovation, quality, value and design, Sharp consumer electronics and appliances enhance enjoyment, while adding to comfort.
SFA SANIFLO INC. (“SANIFLO”) is the only manufacturer of its kind in North America offering a complete line of macerating toilet systems for residential and light-commercial applications where installation of plumbing fixtures with below-floor drainage is impossible or cost-prohibitive.
For over 50 years, Faema Canada has introduced the art of traditional Italian Espresso and Cappuccino to Canadians. We carry a variety of premium brands that can be tested at any one of our retail stores. Our selection of machines is only complemented by our assortment of fine espresso blends imported from Italy. Our wide selection of beans can also be brewed and sampled at all of our locations.
By becoming the standard bearer in the basement renovation industry, we can promote quality materials, professional trades, honest pricing, and better communication standards to create customer advocates and inspire our competitors.
IMPROVE is totally unique to Canada. Based on the international success of similar concepts throughout the world, IMPROVE understands how to make home improvement much easier and more pleasurable for consumers and trades to shop all under one roof.
Cosentino is a global, family-owned company that produces and distributes high value innovative surfaces for the world of architecture and design, leaders in their respective segments such as Silestone® Quartz surfaces and Dekton® Ultracompact surfaces. Technologically advanced surfaces that create unique designs for the home and public spaces.
All-electric fireplace showroom and design centre with the largest selection in Toronto and York Region. Combining specialized expertise with over 20 years' interior design experience. On-wall, in-wall, fireboxes, retrofit inserts, mantels, custom cabinetry, stone and brick veneers. Residential and commercial. Trade and volume inquiries always welcome.
IKO has grown from humble beginnings to a global leader in the roofing products industry, with more than 3,000 employees worldwide, and state-of-the-art manufacturing plants.
At Riobel we design, create and assemble faucets, shower systems and accessories in our Canadian facility located in St-Jérôme, a suburb of Montréal. Our modern and fashionable products are designed to fit all kitchens or bathrooms. They are easy to install, while mechanical parts are accessible from above the counter to facilitate cleaning and maintenance. Riobel: a benchmark of excellence since 1995!
Fusion Stone is an easy and budget-friendly way to beautifully upgrade your home, inside and out. A patented Shouldice innovation, Fusion Stone is a thin stone veneer that is easily installed with the included stainless steel clips & screws. You just screw it to the wall and it’s “Hooked for Life”.
With over 90 years of experience, BLANCO is the leading kitchen sinks and faucets manufacturer. From handcrafted in Germany Steelart® sinks and the beauty of Silgranit®, to the European design faucets, BLANCO products are celebrated worldwide for their unmatched quality and design. Blanco Silgranit® sinks are proudly manufactured in Canada TRADE ONLY.
We're North America's largest green and healthy living show with a massive reach of motivated and qualified consumers. The Green Living Show is supported by a mass media and publicity campaign promoting an impressive cast of green products, attractions, celebrities, educators and politicians to ensure that the Show is a focus of sustained media attention.
Fisher & Paykel incorporates the world’s most innovative technologies and produce the most technically advanced, efficient and contemporary styled appliances. DCS created the first line of high end, commercial quality appliances and expanded to pioneer indoor and outdoor kitchen solutions for the at home chef. TRADE ONLY.
We are a full service design firm in Aurora. With over 22 years of industry experience and a well-appointed 10,000 sq. ft. showroom introducing the latest in unique home furnishings, lighting, window treatments, area rugs, accessories, wall art and more.
At Delta Faucet, our kitchen faucets, bathroom faucets and shower systems pair inspirational design with innovations that anticipate people's needs, like Touch20® Technology faucets that turn on with just a touch and In2ition® Showers with integrated shower heads and hand showers.
Duro-Shed has been serving the Greater Toronto Area & Cottage Country Since 1992. In that time we have always prided ourselves on delivering a top quality product at the most competitive pricing available. Our storage sheds, garden sheds, pool cabanas, gazebos, bunkies and garages have been recognized as some of the best on the market.
Homebuyer intentions were understandably affected by the COVID-19 pandemic, but a survey by Ipsos Public Affairs for the Toronto Regional Real Estate Board (TRREB) indicates the pause is purely temporary.
The Consumer Home Buying & Selling Intentions Survey captured home buying and selling intentions, along with consumer opinions on preferred government policy directions related to the housing market.
“While COVID-19 has temporarily impacted home sales and listings in the GTA, the Ipsos survey results that show homebuying intentions have remained quite stable certainly suggest that many people will be looking to satisfy pent-up demand for ownership housing once recovery starts to take hold,” says TRREB President Michael Collins.
“As people gradually return to work, consumer confidence will improve, and a growing number of people will look to take advantage of very low borrowing costs to purchase a home. Home purchases will continue to be aided by the use of technology available to realtors, including live-stream open houses.”
GTA-wide, 27 per cent of survey respondents said they were likely (very likely or somewhat likely) to purchase a home in the next 12 months. While buying intentions were down compared to spring 2019 (31 per cent likely), they remained relatively in line with the five-year trend.
Home purchasing intentions were above the GTA average in Toronto (34 per cent), for younger people aged 18 to 34 (45 per cent) and households with children (37 per cent).
The most common reason for not intending to purchase a home over the next 12 months was that they liked their current home (62 per cent). General affordability issues were also a common response. COVID-19-related issues influenced 16 per cent of respondents who indicated that they were unlikely to purchase a home.
“The supply of listings was an issue before the onset of COVID-19, with market conditions tightening and price growth accelerating throughout the first quarter of 2020,” says Jason Mercer, TRREB’s chief market analyst.
“The Ipsos survey results suggest that the supply of listings will continue to be an issue as the economy and housing market recovers,” Mercer adds. “Policy makers have acknowledged that there is a lack of a diverse housing supply in the GTA. While the supply issue has understandably taken a back seat to COVID-related issues in the short term, it should once again be top-of-mind once recovery takes hold.”
"We look forward to contributing to the economic growth of Brantford by providing affordable living and a platform to strengthen the foundation of community."
This sleek Quantum tub filler from Tenzo features a recessed hand held shower hose and a 12-in. swivel spout, which is the longest available in the market.
The thought of owning a new home is extremely enticing and exciting. However, the market for new condominiums in the GTA is extremely competitive, and suites sell very fast.
In January 2018, the OFSI mortgage stress test (B-20) was introduced to test a homebuyer's ability to afford their property in the event of an interest rate increase.
A 72-acre site at Lakeshore Road West and Mississauga Road coined Brightwater, a new master-planned community that will bring housing, retail, green and community space to historic Port Credit.
COVID-19 has created a unique situation in the real estate market, not only for the buyer and seller, but also for realtors, mortgage brokers and lawyers.
Established in 1987, Caesarstone pioneered the original quartz surface and continues to be a leading developer and manufacturer of premium surfaces. Highly functional and design forward, Caesarstone surfaces have endless application possibilities including kitchen countertops, bathroom vanities, wall paneling, furniture and more.
SFA SANIFLO INC. (“SANIFLO”) is the only manufacturer of its kind in North America offering a complete line of macerating toilet systems for residential and light-commercial applications where installation of plumbing fixtures with below-floor drainage is impossible or cost-prohibitive.
Shelter Furniture recognizes your individual style and are sensitive to your space and your vision for your home. With our in store design services, we help you create unique space that helps bring your home to life.
By becoming the standard bearer in the basement renovation industry, we can promote quality materials, professional trades, honest pricing, and better communication standards to create customer advocates and inspire our competitors.
All-electric fireplace showroom and design centre with the largest selection in Toronto and York Region. Combining specialized expertise with over 20 years' interior design experience. On-wall, in-wall, fireboxes, retrofit inserts, mantels, custom cabinetry, stone and brick veneers. Residential and commercial. Trade and volume inquiries always welcome.
Since 1873, Kohler Co. has been improving the level of gracious living by providing exceptional products and services for our customers’ homes and their lifestyles.
At Riobel we design, create and assemble faucets, shower systems and accessories in our Canadian facility located in St-Jérôme, a suburb of Montréal. Our modern and fashionable products are designed to fit all kitchens or bathrooms. They are easy to install, while mechanical parts are accessible from above the counter to facilitate cleaning and maintenance. Riobel: a benchmark of excellence since 1995!
COVID-19 has created a unique situation in the real estate market, not only for the buyer and seller, but also for realtors, mortgage brokers and lawyers. The current restrictions and limitations necessary to comply with physical distancing are having a direct impact on a buyer's experience. Showings are conducted virtually, meetings with brokers and lawyers take place over Zoom, and everyone is working remotely.
As a solution to some of these challenges, many real estate agents are now including COVID-19 clauses in Agreements of Purchase and Sale. But how do these clauses protect the parties and what should you look out for?
COVID-19 clauses in Agreements of Purchase and Sale are meant to protect the parties from delays and interruptions to their deal caused by issues relating to COVID-19, including illness, self-isolation or delays with third parties. However, a COVID-19 clause, which is not carefully drafted and reviewed, may cause unnecessary confusion or delay.
Consider, for example, a common clause which contemplates an extension of a real estate transaction where either party is subject to a mandatory COVID-19 quarantine and the agreement is automatically extended, at the request of either party, for a period of 14 days.
This clause doesn't consider a situation where a party is still sick after 14 days or where a party has to stay in isolation as other members of their household remain COVID positive. In addition, most people self-isolate voluntarily, rather than it being mandatory. Would this put a party, who is self-isolating to mitigate the risk of exposure or transmission to others, in breach of the agreement? And what if the party was able to close the deal remotely, using audiovideo technology? Would they be able to delay the transaction due to a quarantine despite their ability to close?
So, what if your real estate agent includes a COVID-19 clause in an offer, or you receive one from a potential buyer? Discuss the clause carefully with your agent and seek the advice of your real estate lawyer before signing the agreement. It's important to disclose what you are hoping to achieve should an unexpected situation arise.
Certainly, there are ways to protect both the buyer and the seller from complications which may arise as a result of COVID-19. But it's important that buyers and sellers are aware of the potential pitfalls with these clauses before including them in any contract or Agreement of Purchase and Sale.
The world as we know it has changed, and we must change with it. Protect yourself and your family by speaking to an experienced real estate lawyer, and they will guide you properly and protect you to the exclusion of all others from the dangers brought forward by COVID-19.
A good real estate lawyer should also ensure you have a will or Power of Attorney. The minute any real estate deal is firm, ensure that at a minimum you have a Power of Attorney in place in the event that you are physically or mentally unable to complete the transaction.
You must protect your family and yourself.
Jayson Schwarz LLM and Jacqueline Moneta are with Schwarz Law LLP. To suggest topics for future columns or ask questions, visit schwarzlaw.ca or email info@schwarzlaw.ca.
Fusion Stone is an easy and budget-friendly way to beautifully upgrade your home, inside and out. A patented Shouldice innovation, Fusion Stone is a thin stone veneer that is easily installed with the included stainless steel clips & screws. You just screw it to the wall and it’s “Hooked for Life”.
From a modest machine shop in Baltimore to the surface of the moon, we’ve proudly provided innovative solutions for over a century. Discover the pioneering history of BLACK+DECKER.
As a cooperative with 1,000 stores worldwide, we not only have enormous buying power, but we have partners in all of the major brands, mills and manufacturers.
IMPROVE is totally unique to Canada. Based on the international success of similar concepts throughout the world, IMPROVE understands how to make home improvement much easier and more pleasurable for consumers and trades to shop all under one roof.
Sharp Electronics of Canada Ltd. is dedicated to improving the lives of consumers through the use of advanced technology. With a commitment to innovation, quality, value and design, Sharp consumer electronics and appliances enhance enjoyment, while adding to comfort.
Canadian Appliance Source has become the fastest growing provider of Major Home Appliances in Canada for over 10 years, we have grown to include over 13 locations across Ontario & Quebec.
Cosentino is a global, family-owned company that produces and distributes high value innovative surfaces for the world of architecture and design, leaders in their respective segments such as Silestone® Quartz surfaces and Dekton® Ultracompact surfaces. Technologically advanced surfaces that create unique designs for the home and public spaces.
Euro-Line Appliances has brought elite European engineered appliances to Canadian homes for over 25 years. Our brands exceed expectations and have earned awards in design, engineering, performance, and energy efficiency. All of our cooking, refrigeration, dishwashers, and laundry appliances are created to conserve our non-renewable resources.
For over 50 years, Faema Canada has introduced the art of traditional Italian Espresso and Cappuccino to Canadians. We carry a variety of premium brands that can be tested at any one of our retail stores. Our selection of machines is only complemented by our assortment of fine espresso blends imported from Italy. Our wide selection of beans can also be brewed and sampled at all of our locations.
With over 90 years of experience, BLANCO is the leading kitchen sinks and faucets manufacturer. From handcrafted in Germany Steelart® sinks and the beauty of Silgranit®, to the European design faucets, BLANCO products are celebrated worldwide for their unmatched quality and design. Blanco Silgranit® sinks are proudly manufactured in Canada TRADE ONLY.
Leading North American distributor of high quality 100% natural stone veneers and stone tiles. Suitable for both interior and exterior applications. Innovators in the field of Natural Stone Veneers.
We carry a full line of chain link, wrought iron, farm products, safety and snow fence, p.v.c. products, and accessories. Roma Fence provides a ‘one-stop shop’ carrying concrete products, installation tools, and related fence products geared towards the installation process.
We've been proudly serving the community for more than 160 years. We deliver natural gas safely and reliably to two million homes and businesses across Ontario. With safety as our ongoing priority, we're committed to making communities better places to live.
Stone Selex carries a large selection of Manufactured, Natural Stone Veneer and Brick Veneer in a wide array of styles and colours suited for both interior and exterior applications. Clad just about any vertical surface with stone or brick veneer.
Oak & Tenon specializes in designing and producing custom furniture and cabinetry. We make functional art in wood with enduring style and quality ingrained.
Euro-Line Appliances has brought elite European engineered appliances to Canadian homes for over 25 years. Our brands exceed expectations and have earned awards in design, engineering, performance, and energy efficiency. Euro-Line Appliances are proud distributors of products from AEG, LIEBHERR, PORTER&CHARLES, SMEG, and FRANKE in Canada.
GTA resale sales see drastic drop in March due to COVID-19
March 2020 resale home sales in the GTA were very much a tale of two markets – pre and post COVID-19.
The Toronto Regional Real Estate Board (TRREB) reports that 8,012 home sales through TRREB’s MLS System in March 2020 – up 12.3 per cent compared to 7,132 sales reported in March 2019.
However, despite a strong increase in sales for March 2020 as a whole, there was a clear break in market activity between pre-COVID-19 and post-COVID-19 (after March 15).
Market impact
“The overall sales result for March was strong relative to last year, but the impact of COVID-19 was certainly evident in the number of sales reported in the second half of March,” says TRREB President Michael Collins. “Uncertainty surrounding the outbreak’s impact on the broader economy and the onset of the necessary social distancing measures resulted in the decline in sales since March 15. Sales figures for April will give us a better sense as to the trajectory of the market while all levels of government take the required action to contain the spread of COVID-19.”
“While COVID-19 has clearly had an impact on the housing market, the late March numbers still suggest that there is activity in the marketplace,” adds TRREB CEO John DiMichele. “TRREB continues to strongly recommend stopping in-person open houses and has provided its members with guidelines for social distancing. TRREB’s professional development staff are working hard to educate its members via webinars on using technology in innovative ways to conduct business virtually.”
Strong demand
“Despite sales and listings trending lower in the second half of March, demand for ownership housing remained strong enough relative to listings to see the average selling price remain above last year’s levels, including during the last few days of the month,” says Jason Mercer, TRREB’s chief market analyst. “As we move through April, we will have a clearer view on how social distancing measures and broader economic conditions will influence sales and ultimately the pace of price growth.”
The average selling price for March 2020 as a whole was $902,680 – up 14.5 per cent compared to March 2019. The average selling price for sales between March 15 and 31 was $862,563 – down from the first half of March, but still up 10.5 per cent compared to the same period last year.
Revised forecast
TRREB is to release a forecast update in mid-April, after seeing 2020 started with a near-record pace for home sales in the first quarter and double-digit annual rates of price growth.
"We look forward to contributing to the economic growth of Brantford by providing affordable living and a platform to strengthen the foundation of community."
This sleek Quantum tub filler from Tenzo features a recessed hand held shower hose and a 12-in. swivel spout, which is the longest available in the market.
The thought of owning a new home is extremely enticing and exciting. However, the market for new condominiums in the GTA is extremely competitive, and suites sell very fast.
In January 2018, the OFSI mortgage stress test (B-20) was introduced to test a homebuyer's ability to afford their property in the event of an interest rate increase.
A 72-acre site at Lakeshore Road West and Mississauga Road coined Brightwater, a new master-planned community that will bring housing, retail, green and community space to historic Port Credit.
COVID-19 has created a unique situation in the real estate market, not only for the buyer and seller, but also for realtors, mortgage brokers and lawyers.
By becoming the standard bearer in the basement renovation industry, we can promote quality materials, professional trades, honest pricing, and better communication standards to create customer advocates and inspire our competitors.
With over 90 years of experience, BLANCO is the leading kitchen sinks and faucets manufacturer. From handcrafted in Germany Steelart® sinks and the beauty of Silgranit®, to the European design faucets, BLANCO products are celebrated worldwide for their unmatched quality and design. Blanco Silgranit® sinks are proudly manufactured in Canada TRADE ONLY.
Established in 1987, Caesarstone pioneered the original quartz surface and continues to be a leading developer and manufacturer of premium surfaces. Highly functional and design forward, Caesarstone surfaces have endless application possibilities including kitchen countertops, bathroom vanities, wall paneling, furniture and more.
SFA SANIFLO INC. (“SANIFLO”) is the only manufacturer of its kind in North America offering a complete line of macerating toilet systems for residential and light-commercial applications where installation of plumbing fixtures with below-floor drainage is impossible or cost-prohibitive.
From a modest machine shop in Baltimore to the surface of the moon, we’ve proudly provided innovative solutions for over a century. Discover the pioneering history of BLACK+DECKER.
Fusion Stone is an easy and budget-friendly way to beautifully upgrade your home, inside and out. A patented Shouldice innovation, Fusion Stone is a thin stone veneer that is easily installed with the included stainless steel clips & screws. You just screw it to the wall and it’s “Hooked for Life”.
Shelter Furniture recognizes your individual style and are sensitive to your space and your vision for your home. With our in store design services, we help you create unique space that helps bring your home to life.
Canadian Appliance Source has become the fastest growing provider of Major Home Appliances in Canada for over 10 years, we have grown to include over 13 locations across Ontario & Quebec.
At Riobel we design, create and assemble faucets, shower systems and accessories in our Canadian facility located in St-Jérôme, a suburb of Montréal. Our modern and fashionable products are designed to fit all kitchens or bathrooms. They are easy to install, while mechanical parts are accessible from above the counter to facilitate cleaning and maintenance. Riobel: a benchmark of excellence since 1995!
Euro-Line Appliances has brought elite European engineered appliances to Canadian homes for over 25 years. Our brands exceed expectations and have earned awards in design, engineering, performance, and energy efficiency. All of our cooking, refrigeration, dishwashers, and laundry appliances are created to conserve our non-renewable resources.
IMPROVE is totally unique to Canada. Based on the international success of similar concepts throughout the world, IMPROVE understands how to make home improvement much easier and more pleasurable for consumers and trades to shop all under one roof.
Sharp Electronics of Canada Ltd. is dedicated to improving the lives of consumers through the use of advanced technology. With a commitment to innovation, quality, value and design, Sharp consumer electronics and appliances enhance enjoyment, while adding to comfort.
Cosentino is a global, family-owned company that produces and distributes high value innovative surfaces for the world of architecture and design, leaders in their respective segments such as Silestone® Quartz surfaces and Dekton® Ultracompact surfaces. Technologically advanced surfaces that create unique designs for the home and public spaces.
As a cooperative with 1,000 stores worldwide, we not only have enormous buying power, but we have partners in all of the major brands, mills and manufacturers.
All-electric fireplace showroom and design centre with the largest selection in Toronto and York Region. Combining specialized expertise with over 20 years' interior design experience. On-wall, in-wall, fireboxes, retrofit inserts, mantels, custom cabinetry, stone and brick veneers. Residential and commercial. Trade and volume inquiries always welcome.
COVID-19 has created a unique situation in the real estate market, not only for the buyer and seller, but also for realtors, mortgage brokers and lawyers. The current restrictions and limitations necessary to comply with physical distancing are having a direct impact on a buyer's experience. Showings are conducted virtually, meetings with brokers and lawyers take place over Zoom, and everyone is working remotely.
As a solution to some of these challenges, many real estate agents are now including COVID-19 clauses in Agreements of Purchase and Sale. But how do these clauses protect the parties and what should you look out for?
COVID-19 clauses in Agreements of Purchase and Sale are meant to protect the parties from delays and interruptions to their deal caused by issues relating to COVID-19, including illness, self-isolation or delays with third parties. However, a COVID-19 clause, which is not carefully drafted and reviewed, may cause unnecessary confusion or delay.
Consider, for example, a common clause which contemplates an extension of a real estate transaction where either party is subject to a mandatory COVID-19 quarantine and the agreement is automatically extended, at the request of either party, for a period of 14 days.
This clause doesn't consider a situation where a party is still sick after 14 days or where a party has to stay in isolation as other members of their household remain COVID positive. In addition, most people self-isolate voluntarily, rather than it being mandatory. Would this put a party, who is self-isolating to mitigate the risk of exposure or transmission to others, in breach of the agreement? And what if the party was able to close the deal remotely, using audiovideo technology? Would they be able to delay the transaction due to a quarantine despite their ability to close?
So, what if your real estate agent includes a COVID-19 clause in an offer, or you receive one from a potential buyer? Discuss the clause carefully with your agent and seek the advice of your real estate lawyer before signing the agreement. It's important to disclose what you are hoping to achieve should an unexpected situation arise.
Certainly, there are ways to protect both the buyer and the seller from complications which may arise as a result of COVID-19. But it's important that buyers and sellers are aware of the potential pitfalls with these clauses before including them in any contract or Agreement of Purchase and Sale.
The world as we know it has changed, and we must change with it. Protect yourself and your family by speaking to an experienced real estate lawyer, and they will guide you properly and protect you to the exclusion of all others from the dangers brought forward by COVID-19.
A good real estate lawyer should also ensure you have a will or Power of Attorney. The minute any real estate deal is firm, ensure that at a minimum you have a Power of Attorney in place in the event that you are physically or mentally unable to complete the transaction.
You must protect your family and yourself.
Jayson Schwarz LLM and Jacqueline Moneta are with Schwarz Law LLP. To suggest topics for future columns or ask questions, visit schwarzlaw.ca or email info@schwarzlaw.ca.
For over 50 years, Faema Canada has introduced the art of traditional Italian Espresso and Cappuccino to Canadians. We carry a variety of premium brands that can be tested at any one of our retail stores. Our selection of machines is only complemented by our assortment of fine espresso blends imported from Italy. Our wide selection of beans can also be brewed and sampled at all of our locations.
Since 1873, Kohler Co. has been improving the level of gracious living by providing exceptional products and services for our customers’ homes and their lifestyles.
Brampton Brick products transform neighborhoods, towns and communities. After all, nothing makes a vital first - and lasting impression like genuine clay brick. Throughout its long history, and into the future, the Brampton Brick team is passionate about building a better brick - a clay brick.
With over 20 years of experience in the flooring industry, we at BMG offer complete full service and installation on a wide range of products and materials including natural stone, hardwood, laminate, cork, porcelain, travertine, granite countertops, kitchen & bath faucets & sinks. Our Design Consultants are committed to finding the ideal kitchen or bath design that suits your budget and lifestyle.
Our experienced in-house design team provides real estate developers, builders and renovators innovative solutions for streamlining and managing décor sales and homebuyer expectations.
Headquartered in New York City, New Tang Dynasty (NTD) Television serves more than 100 million potential viewers in China and around the world. Founded by Chinese Americans, and rooted in traditional Chinese culture, NTD serves as a unique bridge between the East and the West.
The Gracious Living Centre (TGLC) is available to assist you from start to finish! Our professional team will work with you on: Space planning; Complete renovation; Design and functional cabinetry; Kitchen, vanity, laundry, bedroom or family room. We excel in coordinating the appropriate appliances, under-cabinet lighting, and colour schemes for your floor, countertop and backsplash.
Let Tapestry Decor Bring your ideas to Life!!! From Custom Drapery to full Interior Renovations, we cover all your needs from A to Z. Tapestry Decor is a distinctive establishment offering Full Interior Design and Decor services.
Largely considered the pinnacle of the condo boom we’re seeing these days, Toronto still does boast some good lowrise home options. Supply and pricing of those homes, however, is another matter.
That’s what happens when you combine a strong economy and rising population with limited new and resale home supply.
Indeed, the Toronto Regional Real Estate Board (TRREB) is forecasting at least 10-per-cent price growth in the GTA this year to $900,000, up from $819,319 in 2019. And on the new home side, 2020 began on a strong note, with 2,106 total new home sales in January, up 65 per cent from January 2019 and 14 per cent above the 10-year average, according to the Building Industry and Land Development Association (BILD). The benchmark price for new single-family homes was $1.09 million.
Booming economy
“Toronto’s booming economy has brought with it housing affordability challenges that will continue throughout the next decade,” says Frank Clayton, senior research fellow, Ryerson University’s Centre for Urban Research & Land Development.
“Both the provincial and municipal governments must support a massive increase in the supply of all types of housing and tenures as priority number one and quickly transform the land use planning system to make this happen.”
Long considered one of the most multicultural cities in the world, Toronto boasts a collection of distinct communities, including East York, North York, Scarborough and Etobicoke.
Some of these areas, in fact, now represent areas of growth for new lowrise housing, given that larger master-planned communities of single-detached homes are fewer and farther between. Much of the focus now is on the socalled missing middle, those smaller developments such as townhomes that represent a real opportunity for new ground-oriented homes in the city.
Culture and entertainment
Find a way to buy and live in Toronto, however, and you likely will love it.
Toronto offers a vast array of culture and entertainment options, from the National Ballet of Canada, Toronto Symphony Orchestra, to the Art Gallery of Ontario, Royal Ontario Museum and more.
For the sporting sort, Toronto has a handful of pro sports teams – the Toronto Maple Leafs, Toronto Raptors, Toronto Blue Jays, Toronto FC and Toronto Argonauts – and is home to the Hockey Hall of Fame.
The Toronto International Film Festival (TIFF) is an annual event celebrating the film industry and attracts many movie stars and a-list players. And the Toronto Caribbean Carnival, formerly known as Caribana, attracts more than one million people every summer.
Other points of interest include the Toronto Zoo, the Ontario Science Centre, Harbourfront, Fort York, the Distillery District, Ripley’s Aquarium, the CN Tower and the Canadian National Exhibition.
And of course, as a large metropolitan city, great shopping areas include the St. Lawrence Market, Kensington Market, the Toronto Eaton Centre, Sherway Gardens and Yorkdale Mall.
Though a subject of some debate due to the challenges with keeping up with all the growth, transit and highway infrastructure is undergoing major expansion all over the city. The TTC moves almost two million people throughout the city every day on subway, buses, streetcars and LRT lines, while GO Transit links Toronto with the surrounding regions of the GTA. Highways include the 400 series (401, 403, 404, 407 and 427), the Don Valley Parkway and the Queen Elizabeth Highway.
Location, location, location
This provincial capital of Ontario and the most populated city in Canada is located on the shores of Lake Ontario; Population 2,954,024
Mortgage pre-approval is basically an initial assessment from the lending company where they agree, in principle, only to lend you a certain amount to buy your property.
This Saturday, Sept. 12 marks the Weekend to Conquer Cancer, and once again, as she has done for the last 14 years, new home industry marketing executive Linda O’Connor of Ryan Design International is participating in honour of her friend, Missy Daiter.
Covering a huge swath of land – 288 square kms, 13 km of which front Lake Ontario – Mississauga comprises many distinct neighbourhoods and communities.
Strong growth in sales and prices in the GTA in July was driven primarily by lowrise home types, notably within the city of Toronto, according to the latest data from the Toronto Regional Real Estate Board (TRREB).
Purchasers at Geranium's new home community Edgewood in Pickering will enjoy the water conservation benefits of having a Greyter Home water recycling system included in their home at no extra charge.
By becoming the standard bearer in the basement renovation industry, we can promote quality materials, professional trades, honest pricing, and better communication standards to create customer advocates and inspire our competitors.
Shelter Furniture recognizes your individual style and are sensitive to your space and your vision for your home. With our in store design services, we help you create unique space that helps bring your home to life.
Since 1873, Kohler Co. has been improving the level of gracious living by providing exceptional products and services for our customers’ homes and their lifestyles.
Fusion Stone is an easy and budget-friendly way to beautifully upgrade your home, inside and out. A patented Shouldice innovation, Fusion Stone is a thin stone veneer that is easily installed with the included stainless steel clips & screws. You just screw it to the wall and it’s “Hooked for Life”.
From a modest machine shop in Baltimore to the surface of the moon, we’ve proudly provided innovative solutions for over a century. Discover the pioneering history of BLACK+DECKER.
Purchasers at Geranium's new home community Edgewood in Pickering will enjoy the water conservation benefits of having a Greyter Home water recycling system included in their home at no extra charge.
Geranium is the first homebuilder in Canada to parcel this feature into the construction of an entire community. For Edgewood homeowners, this will mean reducing their annual water bill by approximately 20 per cent and, for a family of four, saving up to 30,000 litres of water in one year – an amount of water that could fill a 16-by-32-ft. rectangular swimming pool.
"Water is a precious resource and Canadians are one of the highest users per capita worldwide," says Boaz Feiner, president of Geranium. "At home, we use hundreds of litres of water daily by showering, bathing, flushing toilets, running dishwashers and washing machines. In 2013, we learned about Greyter's initiatives for the commercial market. Although there wasn't a residential system available in Canada, they were working towards changing that. Going forward, we decided to include the rough-in for a greywater system in our lowrise homes, something that would be much more costly to do if possible at all, once the house was built. By providing the rough-in, we are giving the owners of our homes the opportunity to buy and install a system when they became available for houses."
Greyter's Home system captures and treats shower and bathwater so it can be reused for flushing toilets. The entire compact system is installed inside the home, requires only five standard plumbing connections and is easy for a professional plumber to install. Additional features are its superior, proprietary filtration and treatment process; low maintenance; low energy requirements; and comes with a touchpad controller that handles all aspects of the system operation and provides the homeowner with performance data, maintenance reminders and tutorials.
Geranium and Greyter will share data collected from the Edgewood homes, with the City of Pickering and Durham Region. Geranium has been selected as the winner of the City of Pickering's 2019 Sustainability Award for its Edgewood community.
geranium.com
Cosentino is a global, family-owned company that produces and distributes high value innovative surfaces for the world of architecture and design, leaders in their respective segments such as Silestone® Quartz surfaces and Dekton® Ultracompact surfaces. Technologically advanced surfaces that create unique designs for the home and public spaces.
IKO has grown from humble beginnings to a global leader in the roofing products industry, with more than 3,000 employees worldwide, and state-of-the-art manufacturing plants.
Canadian Appliance Source has become the fastest growing provider of Major Home Appliances in Canada for over 10 years, we have grown to include over 13 locations across Ontario & Quebec.
IMPROVE is totally unique to Canada. Based on the international success of similar concepts throughout the world, IMPROVE understands how to make home improvement much easier and more pleasurable for consumers and trades to shop all under one roof.
Euro-Line Appliances has brought elite European engineered appliances to Canadian homes for over 25 years. Our brands exceed expectations and have earned awards in design, engineering, performance, and energy efficiency. All of our cooking, refrigeration, dishwashers, and laundry appliances are created to conserve our non-renewable resources.
All-electric fireplace showroom and design centre with the largest selection in Toronto and York Region. Combining specialized expertise with over 20 years' interior design experience. On-wall, in-wall, fireboxes, retrofit inserts, mantels, custom cabinetry, stone and brick veneers. Residential and commercial. Trade and volume inquiries always welcome.
Established in 1987, Caesarstone pioneered the original quartz surface and continues to be a leading developer and manufacturer of premium surfaces. Highly functional and design forward, Caesarstone surfaces have endless application possibilities including kitchen countertops, bathroom vanities, wall paneling, furniture and more.
Sharp Electronics of Canada Ltd. is dedicated to improving the lives of consumers through the use of advanced technology. With a commitment to innovation, quality, value and design, Sharp consumer electronics and appliances enhance enjoyment, while adding to comfort.
For over 50 years, Faema Canada has introduced the art of traditional Italian Espresso and Cappuccino to Canadians. We carry a variety of premium brands that can be tested at any one of our retail stores. Our selection of machines is only complemented by our assortment of fine espresso blends imported from Italy. Our wide selection of beans can also be brewed and sampled at all of our locations.
As a cooperative with 1,000 stores worldwide, we not only have enormous buying power, but we have partners in all of the major brands, mills and manufacturers.
SFA SANIFLO INC. (“SANIFLO”) is the only manufacturer of its kind in North America offering a complete line of macerating toilet systems for residential and light-commercial applications where installation of plumbing fixtures with below-floor drainage is impossible or cost-prohibitive.
At Riobel we design, create and assemble faucets, shower systems and accessories in our Canadian facility located in St-Jérôme, a suburb of Montréal. Our modern and fashionable products are designed to fit all kitchens or bathrooms. They are easy to install, while mechanical parts are accessible from above the counter to facilitate cleaning and maintenance. Riobel: a benchmark of excellence since 1995!
With over 90 years of experience, BLANCO is the leading kitchen sinks and faucets manufacturer. From handcrafted in Germany Steelart® sinks and the beauty of Silgranit®, to the European design faucets, BLANCO products are celebrated worldwide for their unmatched quality and design. Blanco Silgranit® sinks are proudly manufactured in Canada TRADE ONLY.
Montana Steele is a full-service Toronto-based strategic marketing firm with over 25 years of experience and over 700 successful projects in all sectors of the industry. Over the years, Montana Steele has launched numerous iconic real estate and destination brands that have achieved both market success and industry accolades across North America.
Tarion works hard every day to serve the public interest by, first and foremost, protecting consumers and their new home purchases. We serve new home buyers and new home owners by ensuring that one of their life’s biggest investments is protected. Almost every new home in the province is covered by a new home warranty. This warranty protection is provided by Ontario’s builders and lasts up to seven years.
Experience the craftsmanship and performance of Monogram Appliances at our 4,000 sq. ft. Design Centre with interactive culinary studio. Located at the corner of Castlefield and Ronald in Toronto’s Design District, this building is a resource centre for designers, trade and consumers alike.
The Building Industry and Land Development Association (BILD) is the voice of the home building, land development and professional renovation industry in the Greater Toronto Area. We are a non-profit, industry funded organization that works to improve the communication between our industry and government, provide enhanced opportunities for our members, promote the welfare of the industry, and protect the interests of consumers.
With over 20 years of experience in the flooring industry, we at BMG offer complete full service and installation on a wide range of products and materials including natural stone, hardwood, laminate, cork, porcelain, travertine, granite countertops, kitchen & bath faucets & sinks. Our Design Consultants are committed to finding the ideal kitchen or bath design that suits your budget and lifestyle.
Picking up where 2019 left off, 2020 began with strong sales growth, dwindling housing supply and high demand for ownership and rental housing. January 2020 continued the monthly trend of increased sales coupled with a dip in listings supply. More than 4,580 sales were reported through Toronto Regional Real Estate Board’s MLS system in January 2020, up by 15 per cent compared to January 2019. However, the number of new listings entered into TRREB’s MLS system in January was down 17.3 per cent when compared to the same time last year.
Increased sales up against a constrained supply of listings resulted in increased competition between buyers and stronger price growth in the first month of 2020. The average selling price for all home types combined was up by 12.3 per cent to $839,363, compared to $747,175 in January 2019.
When it comes to an outlook for 2020, without seeing a significant increase in supply, it is likely that new listings will not keep up with sales growth, and over the next year an acceleration in price growth can be expected.
TRREB calls on all levels of government to create concrete housing plans for the next decade
Since entering a new year and decade, tighter market conditions with increased competition between buyers and pent-up demand for both ownership and rental housing has remained an ongoing phenomenon.
Persistent demand for housing in the GTA market can be attributed to a strong regional economy, including low unemployment, steady population growth and low borrowing costs. However, part of the answer to satisfying the issue of ownership housing is the construction of more mid-density housing to provide GTA buyers with more affordable housing options.
TRREB has demonstrated an ongoing commitment in calling on all levels of government to create concrete housing plans. In fact, since 2015, our organization has released an annual Market Year in Review & Outlook Report to shed light on the issues discussed above, using clear and hard evidence, as well as to offer solutions to other major regional challenges in the GTA, including infrastructure requirements and transportation and traffic issues.
The 2020 edition of the report, subtitled “The Time is Now” is all about planning for growth in the Greater Toronto Area and broader Greater Golden Horseshoe.
With the release of this report each year, TRREB continues to make great strides in working with policymakers and industry stakeholders to present fresh ideas on what is critically needed to accommodate the increasing population across the Greater Golden Horseshoe.
To download the Toronto Regional Real Estate Board Market Year in Review & Outlook Report, visit TRREB.ca. We hope you enjoy reading the report and join in the dialogue.
Michael Collins is president of the Toronto Regional Real Estate Board, a professional association that represents 54,500 professional realtor members in the Greater Toronto Area. You can contact him at trebpres@trebnet.com. For updates on the real estate market, visit trebhome.com.
Mortgage pre-approval is basically an initial assessment from the lending company where they agree, in principle, only to lend you a certain amount to buy your property.
This Saturday, Sept. 12 marks the Weekend to Conquer Cancer, and once again, as she has done for the last 14 years, new home industry marketing executive Linda O’Connor of Ryan Design International is participating in honour of her friend, Missy Daiter.
Covering a huge swath of land – 288 square kms, 13 km of which front Lake Ontario – Mississauga comprises many distinct neighbourhoods and communities.
Strong growth in sales and prices in the GTA in July was driven primarily by lowrise home types, notably within the city of Toronto, according to the latest data from the Toronto Regional Real Estate Board (TRREB).
Purchasers at Geranium's new home community Edgewood in Pickering will enjoy the water conservation benefits of having a Greyter Home water recycling system included in their home at no extra charge.
IKO has grown from humble beginnings to a global leader in the roofing products industry, with more than 3,000 employees worldwide, and state-of-the-art manufacturing plants.
By becoming the standard bearer in the basement renovation industry, we can promote quality materials, professional trades, honest pricing, and better communication standards to create customer advocates and inspire our competitors.
Purchasers at Geranium's new home community Edgewood in Pickering will enjoy the water conservation benefits of having a Greyter Home water recycling system included in their home at no extra charge.
Geranium is the first homebuilder in Canada to parcel this feature into the construction of an entire community. For Edgewood homeowners, this will mean reducing their annual water bill by approximately 20 per cent and, for a family of four, saving up to 30,000 litres of water in one year – an amount of water that could fill a 16-by-32-ft. rectangular swimming pool.
"Water is a precious resource and Canadians are one of the highest users per capita worldwide," says Boaz Feiner, president of Geranium. "At home, we use hundreds of litres of water daily by showering, bathing, flushing toilets, running dishwashers and washing machines. In 2013, we learned about Greyter's initiatives for the commercial market. Although there wasn't a residential system available in Canada, they were working towards changing that. Going forward, we decided to include the rough-in for a greywater system in our lowrise homes, something that would be much more costly to do if possible at all, once the house was built. By providing the rough-in, we are giving the owners of our homes the opportunity to buy and install a system when they became available for houses."
Greyter's Home system captures and treats shower and bathwater so it can be reused for flushing toilets. The entire compact system is installed inside the home, requires only five standard plumbing connections and is easy for a professional plumber to install. Additional features are its superior, proprietary filtration and treatment process; low maintenance; low energy requirements; and comes with a touchpad controller that handles all aspects of the system operation and provides the homeowner with performance data, maintenance reminders and tutorials.
Geranium and Greyter will share data collected from the Edgewood homes, with the City of Pickering and Durham Region. Geranium has been selected as the winner of the City of Pickering's 2019 Sustainability Award for its Edgewood community.
geranium.com
SFA SANIFLO INC. (“SANIFLO”) is the only manufacturer of its kind in North America offering a complete line of macerating toilet systems for residential and light-commercial applications where installation of plumbing fixtures with below-floor drainage is impossible or cost-prohibitive.
Fusion Stone is an easy and budget-friendly way to beautifully upgrade your home, inside and out. A patented Shouldice innovation, Fusion Stone is a thin stone veneer that is easily installed with the included stainless steel clips & screws. You just screw it to the wall and it’s “Hooked for Life”.
For over 50 years, Faema Canada has introduced the art of traditional Italian Espresso and Cappuccino to Canadians. We carry a variety of premium brands that can be tested at any one of our retail stores. Our selection of machines is only complemented by our assortment of fine espresso blends imported from Italy. Our wide selection of beans can also be brewed and sampled at all of our locations.
At Riobel we design, create and assemble faucets, shower systems and accessories in our Canadian facility located in St-Jérôme, a suburb of Montréal. Our modern and fashionable products are designed to fit all kitchens or bathrooms. They are easy to install, while mechanical parts are accessible from above the counter to facilitate cleaning and maintenance. Riobel: a benchmark of excellence since 1995!
Since 1873, Kohler Co. has been improving the level of gracious living by providing exceptional products and services for our customers’ homes and their lifestyles.
Cosentino is a global, family-owned company that produces and distributes high value innovative surfaces for the world of architecture and design, leaders in their respective segments such as Silestone® Quartz surfaces and Dekton® Ultracompact surfaces. Technologically advanced surfaces that create unique designs for the home and public spaces.
Euro-Line Appliances has brought elite European engineered appliances to Canadian homes for over 25 years. Our brands exceed expectations and have earned awards in design, engineering, performance, and energy efficiency. All of our cooking, refrigeration, dishwashers, and laundry appliances are created to conserve our non-renewable resources.
IMPROVE is totally unique to Canada. Based on the international success of similar concepts throughout the world, IMPROVE understands how to make home improvement much easier and more pleasurable for consumers and trades to shop all under one roof.
Established in 1987, Caesarstone pioneered the original quartz surface and continues to be a leading developer and manufacturer of premium surfaces. Highly functional and design forward, Caesarstone surfaces have endless application possibilities including kitchen countertops, bathroom vanities, wall paneling, furniture and more.
All-electric fireplace showroom and design centre with the largest selection in Toronto and York Region. Combining specialized expertise with over 20 years' interior design experience. On-wall, in-wall, fireboxes, retrofit inserts, mantels, custom cabinetry, stone and brick veneers. Residential and commercial. Trade and volume inquiries always welcome.
From a modest machine shop in Baltimore to the surface of the moon, we’ve proudly provided innovative solutions for over a century. Discover the pioneering history of BLACK+DECKER.
With over 90 years of experience, BLANCO is the leading kitchen sinks and faucets manufacturer. From handcrafted in Germany Steelart® sinks and the beauty of Silgranit®, to the European design faucets, BLANCO products are celebrated worldwide for their unmatched quality and design. Blanco Silgranit® sinks are proudly manufactured in Canada TRADE ONLY.
Sharp Electronics of Canada Ltd. is dedicated to improving the lives of consumers through the use of advanced technology. With a commitment to innovation, quality, value and design, Sharp consumer electronics and appliances enhance enjoyment, while adding to comfort.
Shelter Furniture recognizes your individual style and are sensitive to your space and your vision for your home. With our in store design services, we help you create unique space that helps bring your home to life.
As a cooperative with 1,000 stores worldwide, we not only have enormous buying power, but we have partners in all of the major brands, mills and manufacturers.
Canadian Appliance Source has become the fastest growing provider of Major Home Appliances in Canada for over 10 years, we have grown to include over 13 locations across Ontario & Quebec.
Created by fusion of exceptional design, superior quartz quality and cutting-edge technology, HansStone Quartz weaves together intriguing patterns and colours inspired by the diverse Canadian landscape.
At Eglinton Carpets, our goal is to offer professional advice about flooring solutions for any type of space, be it interior or exterior, commercial or residential.
Purchasers at Geranium's new home community Edgewood in Pickering will enjoy the water conservation benefits of having a Greyter Home water recycling system included in their home at no extra charge.
Geranium is the first homebuilder in Canada to parcel this feature into the construction of an entire community. For Edgewood homeowners, this will mean reducing their annual water bill by approximately 20 per cent and, for a family of four, saving up to 30,000 litres of water in one year – an amount of water that could fill a 16-by-32-ft. rectangular swimming pool.
"Water is a precious resource and Canadians are one of the highest users per capita worldwide," says Boaz Feiner, president of Geranium. "At home, we use hundreds of litres of water daily by showering, bathing, flushing toilets, running dishwashers and washing machines. In 2013, we learned about Greyter's initiatives for the commercial market. Although there wasn't a residential system available in Canada, they were working towards changing that. Going forward, we decided to include the rough-in for a greywater system in our lowrise homes, something that would be much more costly to do if possible at all, once the house was built. By providing the rough-in, we are giving the owners of our homes the opportunity to buy and install a system when they became available for houses."
Greyter's Home system captures and treats shower and bathwater so it can be reused for flushing toilets. The entire compact system is installed inside the home, requires only five standard plumbing connections and is easy for a professional plumber to install. Additional features are its superior, proprietary filtration and treatment process; low maintenance; low energy requirements; and comes with a touchpad controller that handles all aspects of the system operation and provides the homeowner with performance data, maintenance reminders and tutorials.
Geranium and Greyter will share data collected from the Edgewood homes, with the City of Pickering and Durham Region. Geranium has been selected as the winner of the City of Pickering's 2019 Sustainability Award for its Edgewood community.
geranium.com
Metrie offers interior finishing solutions including mouldings and interior door collections to help professionals transform spaces and set the stage for every room to tell a story. Founded in 1926, our dedication to creating high-quality, finely crafted architectural elements has helped us grow to become the largest supplier and manufacturer of solid wood and composite mouldings in North America.
Atlantis Bath Centre is committed to providing clients with exceptional service and quality plumbing products that reflect their personality and lifestyle. Channeling the latest design trends and the desires of the client, Atlantis is the one-stop-shop for every kitchen and bathroom project. Visit one of our locations and experience the Atlantis difference.
Picking up where 2019 left off, 2020 began with strong sales growth, dwindling housing supply and high demand for ownership and rental housing.
January 2020 continued the monthly trend of increased sales coupled with a dip in listings supply. More than 4,580 sales were reported through Toronto Regional Real Estate Board’s MLS system in January 2020, up by 15 per cent compared to January 2019. However, the number of new listings entered into TRREB’s MLS system in January was down 17.3 per cent when compared to the same time last year.
Increased sales up against a constrained supply of listings resulted in increased competition between buyers and stronger price growth in the first month of 2020. The average selling price for all home types combined was up by 12.3 per cent to $839,363, compared to $747,175 in January 2019.
When it comes to an outlook for 2020, without seeing a significant increase in supply, it is likely that new listings will not keep up with sales growth, and over the next year an acceleration in price growth can be expected.
TRREB calls on all levels of government to create concrete housing plans for the next decade
Since entering a new year and decade, tighter market conditions with increased competition between buyers and pent-up demand for both ownership and rental housing has remained an ongoing phenomenon.
Persistent demand for housing in the GTA market can be attributed to a strong regional economy, including low unemployment, steady population growth and low borrowing costs. However, part of the answer to satisfying the issue of ownership housing is the construction of more mid-density housing to provide GTA buyers with more affordable housing options.
TRREB has demonstrated an ongoing commitment in calling on all levels of government to create concrete housing plans. In fact, since 2015, our organization has released an annual Market Year in Review & Outlook Report to shed light on the issues discussed above, using clear and hard evidence, as well as to offer solutions to other major regional challenges in the GTA, including infrastructure requirements and transportation and traffic issues.
The 2020 edition of the report, subtitled “The Time is Now” is all about planning for growth in the Greater Toronto Area and broader Greater Golden Horseshoe.
With the release of this report each year, TRREB continues to make great strides in working with policymakers and industry stakeholders to present fresh ideas on what is critically needed to accommodate the increasing population across the Greater Golden Horseshoe.
To download the Toronto Regional Real Estate Board Market Year in Review & Outlook Report, visit TRREB.ca. We hope you enjoy reading the report and join in the dialogue.
Michael Collins is president of the Toronto Regional Real Estate Board, a professional association that represents 54,500 professional realtor members in the Greater Toronto Area. You can contact him at trebpres@trebnet.com.
For updates on the real estate market, visit trebhome.com.
"We look forward to contributing to the economic growth of Brantford by providing affordable living and a platform to strengthen the foundation of community."
This sleek Quantum tub filler from Tenzo features a recessed hand held shower hose and a 12-in. swivel spout, which is the longest available in the market.
The thought of owning a new home is extremely enticing and exciting. However, the market for new condominiums in the GTA is extremely competitive, and suites sell very fast.
In January 2018, the OFSI mortgage stress test (B-20) was introduced to test a homebuyer's ability to afford their property in the event of an interest rate increase.
A 72-acre site at Lakeshore Road West and Mississauga Road coined Brightwater, a new master-planned community that will bring housing, retail, green and community space to historic Port Credit.
COVID-19 has created a unique situation in the real estate market, not only for the buyer and seller, but also for realtors, mortgage brokers and lawyers.
With over 90 years of experience, BLANCO is the leading kitchen sinks and faucets manufacturer. From handcrafted in Germany Steelart® sinks and the beauty of Silgranit®, to the European design faucets, BLANCO products are celebrated worldwide for their unmatched quality and design. Blanco Silgranit® sinks are proudly manufactured in Canada TRADE ONLY.
Canadian Appliance Source has become the fastest growing provider of Major Home Appliances in Canada for over 10 years, we have grown to include over 13 locations across Ontario & Quebec.
Cosentino is a global, family-owned company that produces and distributes high value innovative surfaces for the world of architecture and design, leaders in their respective segments such as Silestone® Quartz surfaces and Dekton® Ultracompact surfaces. Technologically advanced surfaces that create unique designs for the home and public spaces.
Fusion Stone is an easy and budget-friendly way to beautifully upgrade your home, inside and out. A patented Shouldice innovation, Fusion Stone is a thin stone veneer that is easily installed with the included stainless steel clips & screws. You just screw it to the wall and it’s “Hooked for Life”.
Established in 1987, Caesarstone pioneered the original quartz surface and continues to be a leading developer and manufacturer of premium surfaces. Highly functional and design forward, Caesarstone surfaces have endless application possibilities including kitchen countertops, bathroom vanities, wall paneling, furniture and more.
By becoming the standard bearer in the basement renovation industry, we can promote quality materials, professional trades, honest pricing, and better communication standards to create customer advocates and inspire our competitors.
COVID-19 has created a unique situation in the real estate market, not only for the buyer and seller, but also for realtors, mortgage brokers and lawyers. The current restrictions and limitations necessary to comply with physical distancing are having a direct impact on a buyer's experience. Showings are conducted virtually, meetings with brokers and lawyers take place over Zoom, and everyone is working remotely.
As a solution to some of these challenges, many real estate agents are now including COVID-19 clauses in Agreements of Purchase and Sale. But how do these clauses protect the parties and what should you look out for?
COVID-19 clauses in Agreements of Purchase and Sale are meant to protect the parties from delays and interruptions to their deal caused by issues relating to COVID-19, including illness, self-isolation or delays with third parties. However, a COVID-19 clause, which is not carefully drafted and reviewed, may cause unnecessary confusion or delay.
Consider, for example, a common clause which contemplates an extension of a real estate transaction where either party is subject to a mandatory COVID-19 quarantine and the agreement is automatically extended, at the request of either party, for a period of 14 days.
This clause doesn't consider a situation where a party is still sick after 14 days or where a party has to stay in isolation as other members of their household remain COVID positive. In addition, most people self-isolate voluntarily, rather than it being mandatory. Would this put a party, who is self-isolating to mitigate the risk of exposure or transmission to others, in breach of the agreement? And what if the party was able to close the deal remotely, using audiovideo technology? Would they be able to delay the transaction due to a quarantine despite their ability to close?
So, what if your real estate agent includes a COVID-19 clause in an offer, or you receive one from a potential buyer? Discuss the clause carefully with your agent and seek the advice of your real estate lawyer before signing the agreement. It's important to disclose what you are hoping to achieve should an unexpected situation arise.
Certainly, there are ways to protect both the buyer and the seller from complications which may arise as a result of COVID-19. But it's important that buyers and sellers are aware of the potential pitfalls with these clauses before including them in any contract or Agreement of Purchase and Sale.
The world as we know it has changed, and we must change with it. Protect yourself and your family by speaking to an experienced real estate lawyer, and they will guide you properly and protect you to the exclusion of all others from the dangers brought forward by COVID-19.
A good real estate lawyer should also ensure you have a will or Power of Attorney. The minute any real estate deal is firm, ensure that at a minimum you have a Power of Attorney in place in the event that you are physically or mentally unable to complete the transaction.
You must protect your family and yourself.
Jayson Schwarz LLM and Jacqueline Moneta are with Schwarz Law LLP. To suggest topics for future columns or ask questions, visit schwarzlaw.ca or email info@schwarzlaw.ca.
From a modest machine shop in Baltimore to the surface of the moon, we’ve proudly provided innovative solutions for over a century. Discover the pioneering history of BLACK+DECKER.
Since 1873, Kohler Co. has been improving the level of gracious living by providing exceptional products and services for our customers’ homes and their lifestyles.
For over 50 years, Faema Canada has introduced the art of traditional Italian Espresso and Cappuccino to Canadians. We carry a variety of premium brands that can be tested at any one of our retail stores. Our selection of machines is only complemented by our assortment of fine espresso blends imported from Italy. Our wide selection of beans can also be brewed and sampled at all of our locations.
Euro-Line Appliances has brought elite European engineered appliances to Canadian homes for over 25 years. Our brands exceed expectations and have earned awards in design, engineering, performance, and energy efficiency. All of our cooking, refrigeration, dishwashers, and laundry appliances are created to conserve our non-renewable resources.
Sharp Electronics of Canada Ltd. is dedicated to improving the lives of consumers through the use of advanced technology. With a commitment to innovation, quality, value and design, Sharp consumer electronics and appliances enhance enjoyment, while adding to comfort.
SFA SANIFLO INC. (“SANIFLO”) is the only manufacturer of its kind in North America offering a complete line of macerating toilet systems for residential and light-commercial applications where installation of plumbing fixtures with below-floor drainage is impossible or cost-prohibitive.
IMPROVE is totally unique to Canada. Based on the international success of similar concepts throughout the world, IMPROVE understands how to make home improvement much easier and more pleasurable for consumers and trades to shop all under one roof.
Shelter Furniture recognizes your individual style and are sensitive to your space and your vision for your home. With our in store design services, we help you create unique space that helps bring your home to life.
All-electric fireplace showroom and design centre with the largest selection in Toronto and York Region. Combining specialized expertise with over 20 years' interior design experience. On-wall, in-wall, fireboxes, retrofit inserts, mantels, custom cabinetry, stone and brick veneers. Residential and commercial. Trade and volume inquiries always welcome.
As a cooperative with 1,000 stores worldwide, we not only have enormous buying power, but we have partners in all of the major brands, mills and manufacturers.
At Riobel we design, create and assemble faucets, shower systems and accessories in our Canadian facility located in St-Jérôme, a suburb of Montréal. Our modern and fashionable products are designed to fit all kitchens or bathrooms. They are easy to install, while mechanical parts are accessible from above the counter to facilitate cleaning and maintenance. Riobel: a benchmark of excellence since 1995!
Fisher & Paykel and DCS by Fisher & Paykel appliance brands inspire people through indoor/outdoor kitchen and laundry products, designed with real life in mind. The brands incorporate innovative technologies driven from a passion to produce the most technically advanced, efficient, and contemporary styled appliances.
Our furniture designs run from gracious to contemporary and everything in-between. That's why we can say, with complete confidence, "You'll find it here!" We're proud of the fact that no matter what your taste or budget - we've got furnishings and accessories that will suit your lifestyle - beautifully!
COVID-19 has created a unique situation in the real estate market, not only for the buyer and seller, but also for realtors, mortgage brokers and lawyers. The current restrictions and limitations necessary to comply with physical distancing are having a direct impact on a buyer's experience. Showings are conducted virtually, meetings with brokers and lawyers take place over Zoom, and everyone is working remotely.
As a solution to some of these challenges, many real estate agents are now including COVID-19 clauses in Agreements of Purchase and Sale. But how do these clauses protect the parties and what should you look out for?
COVID-19 clauses in Agreements of Purchase and Sale are meant to protect the parties from delays and interruptions to their deal caused by issues relating to COVID-19, including illness, self-isolation or delays with third parties. However, a COVID-19 clause, which is not carefully drafted and reviewed, may cause unnecessary confusion or delay.
Consider, for example, a common clause which contemplates an extension of a real estate transaction where either party is subject to a mandatory COVID-19 quarantine and the agreement is automatically extended, at the request of either party, for a period of 14 days.
This clause doesn't consider a situation where a party is still sick after 14 days or where a party has to stay in isolation as other members of their household remain COVID positive. In addition, most people self-isolate voluntarily, rather than it being mandatory. Would this put a party, who is self-isolating to mitigate the risk of exposure or transmission to others, in breach of the agreement? And what if the party was able to close the deal remotely, using audiovideo technology? Would they be able to delay the transaction due to a quarantine despite their ability to close?
So, what if your real estate agent includes a COVID-19 clause in an offer, or you receive one from a potential buyer? Discuss the clause carefully with your agent and seek the advice of your real estate lawyer before signing the agreement. It's important to disclose what you are hoping to achieve should an unexpected situation arise.
Certainly, there are ways to protect both the buyer and the seller from complications which may arise as a result of COVID-19. But it's important that buyers and sellers are aware of the potential pitfalls with these clauses before including them in any contract or Agreement of Purchase and Sale.
The world as we know it has changed, and we must change with it. Protect yourself and your family by speaking to an experienced real estate lawyer, and they will guide you properly and protect you to the exclusion of all others from the dangers brought forward by COVID-19.
A good real estate lawyer should also ensure you have a will or Power of Attorney. The minute any real estate deal is firm, ensure that at a minimum you have a Power of Attorney in place in the event that you are physically or mentally unable to complete the transaction.
You must protect your family and yourself.
Jayson Schwarz LLM and Jacqueline Moneta are with Schwarz Law LLP. To suggest topics for future columns or ask questions, visit schwarzlaw.ca or email info@schwarzlaw.ca.
Imagine a kitchen with limitless possibilities. From start to finish, your design experience will be effortless as our expert designers collaborate with you to create a masterpiece you will love. We are devoted to helping you achieve your desired ambience while creating a functional kitchen and solving any challenges your space presents.
Since 1883, Benjamin Moore has been producing the highest quality paints and finishes in the industry. A superior paint experience with every product. Incomparable colour, flawless coverage, and lasting durability.
Sharing Passion & Performance. With our unique expertise and sensibilities, gained from our devotion to sound and music, we are committed to creating excitement and cultural inspiration together with people around the world.
GTA home price growth to hit 10 per cent this year: TRREB
A strong economy and rising population will combine to cause a surge in home price growth and sales in 2020, according to the Toronto Regional Real Estate Board’s (TRREB) Market Year in Review and Outlook Report. This may be good news for those who already own a home, but it represents additional challenges for prospective homebuyers.
“Robust regional economic conditions, strong population growth and low borrowing costs will support increased home sales in 2020,” says TRREB President Michael Collins. “Market conditions will become tighter, as transactions will continue to outpace the growth in available listings. The resulting increase in competition between buyers will likely result in an acceleration in price growth across all major market segments.”
TRREB is forecasting at least 10-per-cent price growth this year to $900,000, up from $819,319 in 2019, as well as a 10.5-per-cent jump in sales to 97,000, from 87,825 in 2019.
This forecast rate of growth presupposes that price growth will continue to be driven by the less expensive mid-density, lowrise home types and condominium apartments. If the pace of detached home price growth begins to catch up to that of other major home types, the average selling price for all home types combined could push well past the $900,000 mark over the next year.
“The fact that tens of thousands of new households form each year in the GTA is testament to our region’s competitiveness on the global stage,” says John DiMichele, TRREB CEO. “We attract some of the best talent available into and across a diversity of economic sectors. However, in order to remain competitive, policy makers need to continue their focus on the constrained GTA housing supply and to ensure we have an integrated and efficient transit and transportation network that will effectively allow the movement of people and goods.”
“It’s a situation that’s been unfolding over the last decade,” Jason Mercer, TRREB’s chief market analyst and director of service channels, told HOMES Publishing. “A lot of these people are looking to purchase a home to find a place to live, yet we’ve seen a flatline in terms of both home completions, and that feeds into a flatline, even a downward trend in some cases in terms of listings.”
Jason Mercer, TRREB’s chief market analyst and director of service channels
Persistent shortage
While the GTA did see an improvement in condominium apartment rental supply in 2019, recent consumer polling, coupled with the potential for smaller returns on investment from rental income, suggests there are still forces working against more balanced market conditions in the GTA rental market, TRREB says. Policymakers at all levels of government need to be mindful of rental supply requirements as the GTA population continues to grow on the back of a strong regional economy and strong immigration. The organization expects above-inflation annual growth rates in average one- and two-bedroom condominium rents to be sustained in 2020.
“After more than three years of slower market activity brought on largely by changes in housing-related policies at the provincial and federal levels, home sales will move closer to demographic potential in 2020,” says Mercer. “The key issue, however, will be the persistent shortage of listings. Without relief on the housing supply front, the pace of price growth will continue to ramp up. Policy makers need to understand that demand side initiatives on their own will only have a temporary impact on the market.”
TRREB’s report this year focuses on planning for growth in the Greater Toronto Area and broader Greater Golden Horseshoe, with the subtitle “The Time is Now.” Contributions from several organizations all point to the same conclusion: Immediate government support to address housing supply and infrastructure – otherwise, home prices will continue to rise to prohibitive levels.
“Everyone realizes, if you’re thinking about our region both in terms of housing people and also remaining competitive, because if you’re attracting business, people will want a ready supply of housing, and that’s something that’s been quite constrained,” says Mercer. “So, moving forward, we need all levels of government to focus on bringing on more supply, but also great diversity of supply.”
Hon. Steve Clark
Affordability challenges
“Toronto’s booming economy has brought with it housing affordability challenges that will continue throughout the next decade,” says Frank Clayton, senior research fellow, Ryerson University’s Centre for Urban Research & Land Development. “Both the provincial and municipal governments must support a massive increase in the supply of all types of housing and tenures as priority number one and quickly transform the land use planning system to make this happen.”
The Centre for Urban Research & Land Development conducted a study that examined the economy and housing market up to 2031, which shows continuing deterioration of affordability.
“We expect a lot of employment growth, more higher paying jobs in the Toronto region… it’s going to be a good time over the next 10 years for employment and income growth. But, unfortunately, incomes on average will not rise as fast as housing prices or rents, so affordability will continue to be a very serious problem, in fact, get worse.”
Adds Paul Smetanin, president and CEO, Canadian Centre for Economic Analysis: “To accommodate the 480,000 new daily commuters that are expected to join the system between now and 2041, transportation infrastructure capacity will have to increase significantly, and especially for public transit. To get there without making congestion worse, it’s going to be very important to evaluate each new investment in transportation infrastructure on the basis of its productivity to make sure pressure is relieved in the right places.”
Mortgage pre-approval is basically an initial assessment from the lending company where they agree, in principle, only to lend you a certain amount to buy your property.
This Saturday, Sept. 12 marks the Weekend to Conquer Cancer, and once again, as she has done for the last 14 years, new home industry marketing executive Linda O’Connor of Ryan Design International is participating in honour of her friend, Missy Daiter.
Covering a huge swath of land – 288 square kms, 13 km of which front Lake Ontario – Mississauga comprises many distinct neighbourhoods and communities.
Strong growth in sales and prices in the GTA in July was driven primarily by lowrise home types, notably within the city of Toronto, according to the latest data from the Toronto Regional Real Estate Board (TRREB).
Purchasers at Geranium's new home community Edgewood in Pickering will enjoy the water conservation benefits of having a Greyter Home water recycling system included in their home at no extra charge.
Since 1873, Kohler Co. has been improving the level of gracious living by providing exceptional products and services for our customers’ homes and their lifestyles.
From a modest machine shop in Baltimore to the surface of the moon, we’ve proudly provided innovative solutions for over a century. Discover the pioneering history of BLACK+DECKER.
Established in 1987, Caesarstone pioneered the original quartz surface and continues to be a leading developer and manufacturer of premium surfaces. Highly functional and design forward, Caesarstone surfaces have endless application possibilities including kitchen countertops, bathroom vanities, wall paneling, furniture and more.
Euro-Line Appliances has brought elite European engineered appliances to Canadian homes for over 25 years. Our brands exceed expectations and have earned awards in design, engineering, performance, and energy efficiency. All of our cooking, refrigeration, dishwashers, and laundry appliances are created to conserve our non-renewable resources.
With over 90 years of experience, BLANCO is the leading kitchen sinks and faucets manufacturer. From handcrafted in Germany Steelart® sinks and the beauty of Silgranit®, to the European design faucets, BLANCO products are celebrated worldwide for their unmatched quality and design. Blanco Silgranit® sinks are proudly manufactured in Canada TRADE ONLY.
For over 50 years, Faema Canada has introduced the art of traditional Italian Espresso and Cappuccino to Canadians. We carry a variety of premium brands that can be tested at any one of our retail stores. Our selection of machines is only complemented by our assortment of fine espresso blends imported from Italy. Our wide selection of beans can also be brewed and sampled at all of our locations.
Canadian Appliance Source has become the fastest growing provider of Major Home Appliances in Canada for over 10 years, we have grown to include over 13 locations across Ontario & Quebec.
By becoming the standard bearer in the basement renovation industry, we can promote quality materials, professional trades, honest pricing, and better communication standards to create customer advocates and inspire our competitors.
Purchasers at Geranium's new home community Edgewood in Pickering will enjoy the water conservation benefits of having a Greyter Home water recycling system included in their home at no extra charge.
Geranium is the first homebuilder in Canada to parcel this feature into the construction of an entire community. For Edgewood homeowners, this will mean reducing their annual water bill by approximately 20 per cent and, for a family of four, saving up to 30,000 litres of water in one year – an amount of water that could fill a 16-by-32-ft. rectangular swimming pool.
"Water is a precious resource and Canadians are one of the highest users per capita worldwide," says Boaz Feiner, president of Geranium. "At home, we use hundreds of litres of water daily by showering, bathing, flushing toilets, running dishwashers and washing machines. In 2013, we learned about Greyter's initiatives for the commercial market. Although there wasn't a residential system available in Canada, they were working towards changing that. Going forward, we decided to include the rough-in for a greywater system in our lowrise homes, something that would be much more costly to do if possible at all, once the house was built. By providing the rough-in, we are giving the owners of our homes the opportunity to buy and install a system when they became available for houses."
Greyter's Home system captures and treats shower and bathwater so it can be reused for flushing toilets. The entire compact system is installed inside the home, requires only five standard plumbing connections and is easy for a professional plumber to install. Additional features are its superior, proprietary filtration and treatment process; low maintenance; low energy requirements; and comes with a touchpad controller that handles all aspects of the system operation and provides the homeowner with performance data, maintenance reminders and tutorials.
Geranium and Greyter will share data collected from the Edgewood homes, with the City of Pickering and Durham Region. Geranium has been selected as the winner of the City of Pickering's 2019 Sustainability Award for its Edgewood community.
geranium.com
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