Ellicott Realty Inc.
10184 Yonge Street L4C 1T6 Richmond Hill, ON, Canada

For Sale: 143 Taucar Gate, Bradford! This impressive 3 bedroom townhome with an open concept layout has updated finishes throughout. It has a beautifully updated kitchen with quartz countertops, a custom pantry, under cabinet lighting, and an oversized center island. Read a book or catch up on emails in front of the natural stone wall with a built-in fireplace in the living room. Plus, this home is complete with a finished basement and a 400 sq.ft. deck, for yours to enjoy wh...ile hanging out with friends. For more information, contact Giancarlo Ferrari (@giancarlorealestate) at 416-203-7447.

SOLD: 85 Grand Oak Drive, Richmond Hill Congratulations to Ivan Ivanov and his clients on the sale of this fully renovated family home in Oak Ridges. This stunning home with modern finishes, wirebrush hardwood floors, glass staircase and a professionally landscaped yard had it all! If you are considering buying/selling, or just need some sound advice, contact our team at Ellicott Realty.

SOLD: 207 - 569 King Street East, Toronto Congratulations to Frank Onorati for the sale of this gorgeous 1+1 bedroom unit in Toronto! If you are considering buying/selling, or just need some sound advice, contact our team at Ellicott Realty.... . . . . #ellicottrealty #realestate #teamellicott #homeforinspo #homeinteriordesign #homeinterior4you #inspohome #homeinteriordetails #housedecoration #housedecor #housegoals #housetohouse #interiordesign #interior_and_living #sold #listwithellicott #torontorealestate #torontorealestateagent #realestatetoronto #thesix #the6 #toronto See more

SOLD: 411 - 2800 Keele St, Toronto Congratulations to Anthony Tropea (@anthonyjtropea) and his clients on the sale of this beautiful, open concept 1+1 bedroom condo in the heart of Downsview.

For Sale: 124 Cabin Trail Cresent, Stouffville This stunning home has many upgrades! This spacious 4 bedroom, 5 bath detached home has a beautiful open floorplan with 9 ft smooth ceilings, wainscotting, and crown moulding on the main floor. The living room is the perfect space to entertain with it's 18 ft high ceilings and custom drapes. The finished basement provides even more living space with 2 extra bedrooms and a 6 person sauna. Plus, enjoy the summer months ahead in thi...s backyard on the 2 tiered deck. A must see! For more information, please contact Alex Rust at 416-203-7447.

This kitchen gives us the #summerfeels #Repost @blakesldn

Despite the pandemic, the average selling price of a home in Toronto hit a record high last year of $929,699! This 13.5% increase over 2019's average was led by single-family homes where limited supply helped push prices higher. The supply of single-family homes remained low which resulted in strong competition between buyers and double-digit price increases. However, growth in condo listings far exceeded sales. An increase in condo supply ultimately led to more bargaining power, with year-over-year averages decreasing in the last few months. What do you think will happen in 2021? We would love to hear from you. Share your predictions below!

What is a pre-emptive offer? A: An offer that was accepted but then later declined due to not satisfying conditions B: An offer that is made before the seller's designated date to hear offers... C: An offer that has a strong price but also has multiple conditions B: A pre-emptive offer is an offer made to purchase a property ahead of the specified offer presentation date that a seller sets. In other words, a buyer can make an offer (and seller can accept that offer) before the seller's set offer date. This offer normally expires within a few hours and is usually a strong offer to entice the seller to sell his/her home before hearing other offers. In a pre-emptive offer situation, the buyer makes an early offer and insists that it be presented to the seller. The sellers don't need to respond to or accept the offer but the law does require that the offer be made known to the seller. There are, however, drawbacks to both the buyer and the seller with a pre-emptive offer. If the seller wants to wait until the offer presentation date before entertaining offers, a pre-emptive offer needs to be extremely appealing that it entices the seller so much that he/she accepts their offer and forgo seeing what others could have potentially offered on their property. In other words, it needs to be an offer so good they can't refuse. With a pre-emptive bid, the seller will never know if he/she could have received more if they waited, and the buyer will never know if he paid too much. If you are considering buying/selling or just need some sound advice, contact our team at Ellicott Realty.

The kitchen is the most important room in your home because it’s the center of your day-to-day living. Sometimes called the heart of the home, the kitchen sets the tone of your home and is the most important room when it comes to the resale value of your property. Is your kitchen ready and well-presented for selling? #Repost: photo credit: @flamingos.home

Absolutely stunning bohemian style apartment . Earth tones that wrap you with visual warmth #Repost @tientung_nguyen

TRREB stats for December 2020 are in! Despite an unprecedented year, there were over 95,000 home sales in 2020 the third-best result on record. The average selling price reached a new record of almost $930,000. The Greater Toronto Area housing market followed an unfamiliar path in 2020. Following the steep COVID-induced drop-off in demand during the spring, home sales roared back to record levels throughout the summer and fall. A strong economic rebound in many sectors of ...the economy, ultra-low borrowing costs and the enhanced use of technology for virtual open houses and showings fuelled and sustained the housing market recovery, said Lisa Patel, TRREB President. Jason Mercer, TRREB Chief Market Analyst, said while the housing market as a whole recovered strongly in 2020, there was a dichotomy between the single-family market segments and the condominium apartment segment. The supply of single-family homes remained constrained resulting in strong competition between buyers and double-digit price increases. In contrast, growth in condo listings far-outstripped growth in sales. Increased choice for condo buyers ultimately led to more bargaining power and a year-over-year dip in average condo selling prices during the last few months of the year. If you are considering buying/selling, or just need some sound advice, contact our team at Ellicott Realty.

As we look to the months ahead, experts are saying 2021 is shaping up to be another unprecedented year, in terms of the housing market forecast. According to Ratehub.ca, this is what we can expect in Canada’s mortgage and housing markets: 1. The Bank of Canada (BoC) will leave rates unchanged for 2021. The BoC will be patient in raising rates until pre-pandemic economic indicators are met. As more vaccines roll out, it will take time for full recovery to take place. Therefo...re, the prime lending rate for variable rate mortgages may remain unchanged in order to stimulate borrowing. 2. Real estate prices (other than condos) will appreciate 4%-7%. With more Canadians working from home, the demand will continue to rise for people in search of more space. Larger homes outside of the city centre will see the strongest demand this year. 3. As a result of more University students learning remotely, lack of immigration, and the strict rules placed on Airbnbs, condo prices in downtown urban centres will fall for the first six months of the year. 4. As the Covid-19 vaccines roll out, there will be greater optimism in the markets. As a result, we could see bond yields start rising. When bond yields rise, fixed rates may rise, closer to the end of 2021. 5. No new mortgage regulations in 2021. Regulators are currently focused on pandemic recovery and will most likely not introduce any new rules which would make it any hard for homebuyers to qualify for a mortgage. While predictions help to give an optimistic outlook for what is down the road, the housing market still remains highly unpredictable. Only time will tell how 2021 will turn out.

#Kitchengoals Repost: @archirendertr

Thank you to all of our supporters this year. We have reached our goal, and are beyond grateful for all of your generous donations! Certainly, Christmas is a time of giving and sharing love with those around us. However, sharing is not limited to only those we care about. It's also a time to give and share love for people that we have never met and might never see. Perhaps those who are not as fortunate and could use a hand of help. With that being said, thank you to everyone... who supported our Toy Drive donation this year. We couldn't have reached our goal without all of your support. Furthermore, we at Ellicott Realty are beyond grateful; despite this year presenting itself with many challenges. We are thankful for all of our clients, our entire team, our friends, and family. May this holiday season be a time of rest, and the new year full of hope for better days ahead. Wishing you all a season of peace, joy, and happiness!

Modern and clean layout, professional high-res photography, and thoughtfully written property descriptions, our feature sheets, postcards, door hangers, and brochures are meticulously prepared to display your home with the attention it deserves. Looking to buy/sell, or just need some sound real estate advice? Contact Ellicott Realty today.

Picture every moment come to life inside this stunning 7,500 square foot custom home at 838 Woodland Acres Crescent, Maple, Ontario. Catering to the family that embraces a social lifestyle, the interior is designed to impress, boasting premium finishes like hardwood and quartz, plus sought-after features like custom cabinetry and built-in ceiling speakers throughout. Welcome guests in an open concept dining room as you serve up gourmet meals prepared in a professionally-inspi...red kitchen. Then, cocktails await in a backyard oasis where you can prepare after dinner delights in the kitchenette, roast marshmallows in a wood burning fireplace, take a swim in a picturesque pool, or simply ease away the day in a hot tub as you end a perfect evening under the stars! Experience the good life in this one of a kind home! If you're interested in receiving more information about this beautiful property, contact Mercedes Custodio at 647-209-6989.

It's time for Ellicott's annual Christmas Toy Drive and we couldn't be more excited. Despite this year being very different, we still want to spread the holiday spirit. And we need your help! We want to ensure everyone's kept safe this year, so we will be accepting only online monetary donations instead of our regular toy drop off. We will be partnering with @CP24CHUMChristmasWish program who is one of the largest distributors of toys to children in need in the Greater Toront...o Area. No child should be disappointed during the holidays. With your donation, we can make a difference so that every child has the opportunity to receive a gift this season. Donations can be made on our GoFundMe page at https://www.gofundme.com/f/sshs7-ellicott-toy-drive-2020. Please give what you can. A little goes a long way.

What are chattels? A: Another word for fixtures - items that have effectively become a permanent part of the property B: Negotiation meetings among buyers and sellers... C: Personal property that will not be sold with the house D: Decorative items included in the asking price Answer: C - Chattels are tangible movable personal property such as furniture or drapes that a seller would take with them when selling their home. Chattels are typically excluded from a home purchase. However, if you're a potential buyer and an item catches your attention, you can always negotiate it into the deal. If you picked A, you would be incorrect. Fixtures are immovable objects such as a table that is built into a wall. Whereas chattels are items that a seller can simply pick up and walk away with. If you're ever stuck in a situation when buying a property where you're unsure if an item comes with the house, it's always best to ask your realtor. Did you get this one right? If you're looking to buy/sell or just need some honest real estate advice, contact our office today at 416-203-7447.

What better day for a quiz then Friday! This one is a relatively easy one,...what is a CMA? A: Canadian Mortgage Assessment B: Comparative Market Analysis C: Certified Market Agreement... B: Comparative Market Analysis (CMA) is an indicator of what today’s buyers are willing to pay for a home. It estimates a home's value based on recent sales of similar homes in the area. By taking certain elements of other comparable properties that sold, we can determine the price of a property based on certain characteristics of that home. Let's take Property A, for example. A recent home in your area sold for $1M last week. That home has a pool and a finished basement. Your home, on the other hand, does not have a pool or finished basement but has a recently renovated kitchen. Property A is superior over your home because it has a basement and pool, but has an inferior kitchen. When creating a CMA, we take many variables into account such as neighbourhood, details about the property, finishes/features, number of bedrooms/bathrooms, upgrades/updates, square footage, condition, amongst others, and then uses that information to adjust for differences between the subject home and each comparable property. Real estate agents and brokers create CMA reports to help sellers set listing prices for their homes and, less commonly, to help buyers make competitive offers. Understanding and evaluating the CMA is essential in the real estate industry. If you're interested in selling (or buying), let us run a CMA on your home (or the property you'd like to purchase) and help you determine the optimal price that will get your home sold (or determine a reasonable offer price for a home you'd like to buy). Give us a call at (416) 203-7447 and let us help you put your best foot forward.

Congratulations to Mercedes Custodio and her clients on the sale of their stunning waterfront lot located in Bayshore Village. Looking to buy or sell? Contact Ellicott Realty today!

Despite this year having some unprecedented challenges, what’s one thing you’re still grateful for in 2020? Also, don’t forget our last day for our annual Christmas Toy Drive is this Friday. Please give what you can. To donate, please go to: https://www.gofundme.com/f/sshs7-ellicott-toy-drive-2020

What better way to show off your culinary skills than a stunning open concept kitchen filled with ample natural light. Check out our previous post about our new listing at 22 Morgan Drive, in Oro-Medonte Ontario.

Congratulations to Sarah Fangrad and her clients on the sale of their beautiful townhome in Etobicoke! We wish you nothing but the best in this next chapter of your life. Whether you're looking to buy or sell, our team of REALTORS will always find a way to get you the best price for your home. Contact us at 416-203-7447.

FOR SALE: 22 Morgan Drive, Oro-Medonte, Ontario. Enjoy this beautiful fully custom 3,700 sqft home in Oro-Medonte, Ontario. Inspired by a 19th-century farmhouse, this stunning bungalow sits in the country estate community of Braestone. Savor incredible sunsets while entertaining on the oversized, 900 sqft patio. This home is the perfect space for those who appreciate a well-functional open concept design. Complete with 11' vaulted ceilings, spacious 3 + 2 bedrooms, 4 stunning bathrooms, and a large 99' x 246' Lot! If interested or would like more information, please contact Telly Papageorge at [email protected].

Entering the real estate market for the first time can feel like a daunting (and expensive) undertaking. Luckily, there are government programs that can help you offset some costs. 1. Land Transfer Tax Rebates: When you buy a home or property in Ontario you are subject to land transfer tax which is due on closing (rates are between 0.5 and 2.5% of the home purchase price). However, first-time homebuyers may be eligible for a rebate to help offset some of these costs. For exam...ple, first-time homebuyers in Toronto can qualify for this rebate and receive a maximum of $4,475. 2. The Home Buyer’s Tax Credit: This credit allows first-time homebuyers to claim $5,000 of a property purchase on their tax return. The claim must be made in the year the home was purchased. 3. GST/HST New Housing Rebate: These rebates allow you to recover some of the goods and services tax (GST) or the federal part of the harmonized sales tax (HST) paid for a new or substantially renovated house that is used as a primary place of residence, providing all conditions are met. 4. The Home Buyer’s Plan: This program allows eligible first-time homebuyers to withdraw up to $35,000 tax-free from their RRSP to purchase a home. However, the amounts withdrawn will need to be repaid within 15 year to avoid a penalty. 5. The First-Time Homebuyer Incentive: This program helps make homeownership more affordable. The First-Time Home Buyer Incentive helps qualified first-time homebuyers reduce their monthly mortgage payments without adding to their financial burdens. This program is a shared-equity mortgage with the Government of Canada, where the government has a shared investment in the home. By obtaining the Incentive, the borrower may not have to save as much of a down payment to be able to afford the payments associated with the mortgage. As a result, the effect of a larger down payment will ultimately lower your mortgage payment.