David Francisco
36 Distillery Lane #500 M5A 3C4 Toronto, ON, Canada

2019 is Coming!!! It Should Be A Blast!!!

Novemburger #novemburger for United Way! http://novemburger.ca/ ...

35 Southshore Hamilton Wow!

Toronto Insider Market Insights Friday, August 24, 2018 BIG NEWS - Condo Price History Now Live The Toronto Real Estate Board (TREB) has long protected the status quo and prevented innovative real estate websites from sharing the sales history of homes across the GTA. ... The Competition Bureau, arguing that information should be in the hands of consumers, took TREB to court. The dispute found its way to the Supreme Court, who squashed TREB’s plea. This is a win for freedom of information, innovation and for you! Today, registered users of Condos.ca and Property.ca can view Toronto condo price history for a listing or an entire building. Call me if you require log in. See more

If your Condominium building was built or renovated between 1995 & 2007 you may be in trouble? Plumbing issues: https://www.youtube.com/watch?v=0HsjJjq5Gxk

TORONTO CONDO BUILD DATA REVEALS NEW URBAN HUBS (WITH MAPS) https://condos.ca//toronto-condo-build-data-reveals-new-u/

For those who need/want to know............................................... Landlords and Tenants....February 8, 2018 -- As part of Ontario's Fair Housing Plan and Rental Fairness Act, the provincial government is introducing a new standard lease that will be mandatory for private residential leases signed on or after April 30, 2018, including tenancies in single and semi-detached houses, apartment buildings, rented condominiums and secondary suites (such as basement apartments). To view/download, see it here: http://www.forms.ssb.gov.on.ca//f/ssbforms.nsf/FormDetail

https://www.youtube.com/watch?v=Ggh-nrGqTH4 2min:31sec

Ontario Real Estate Assoc - David Reid (President) OREA has been fighting this since 2016. My fees pay off! Yeah! This week, we got a letter from the government which stated, The province has decided NOT to proceed with the implementation of a HER&D program at this time. This means that the province has listened to OREA and put the brakes on HER&D. HER&D = If implemented, HER&D would require a home seller to conduct an energy audit before listing their home. The program put home owners of older homes, like seniors, at a huge disadvantage. Receiving a low energy score on an older home could cost an owner thousands of dollars in hard-earned equity.

The Year of 2017 Property.ca Realty Inc. Facts 180 Professional Realtors Across the GTA 35 In-House Staff We moved into a wicked 8000 square foot office in the Distillery District (formerly featured in 'Great Offices' Toronto Life)... 36 Distillery Lane #500 Toronto ON M5A 3C4 416 583 1660 We expanded to New Offices in Leslieville & Vaughn As of Jan12 2018 Based on last 14 days rolling average on Jan 12, 2018 Average Toronto Condo Sold Price $521,647 -8.74% in last 60 days, +12.84% since 1 Year

In case you want to check if there is a lien on a property: Register a security interest or search for a lien on Access Now Access Now provides online access to the personal property security registration system in Ontario. https://www.ontario.ca//register-security-interest-or-sear

Good morning people. I would like to welcome Sandra Rinomato and her team of 16 from Sandra Rinomato Realty. They will continue as Sandra Rinomato Properties powered by Property.ca from an office in Bloor West Village. You may remember Sandra as the host of Property Virgins on HGTV. The show portrays the experiences of prospective first-time home buyers. As the the host, Sandra coached first time home buyers to adjust their dream home vision to a more realistic one that fits the market and their budget. Over 130 shows aired on HGTV. Welcome Aboard All!

Once officially confirmed, Sidewalk Labs, sister company of Google, will construct the neighbourhood on the east downtown waterfront. https://www.thestar.com//google-firm-wins-competition-to-b

17,000 Condos! http://toronto.citynews.ca//will-oversupply-affect-toront/

Construction of residential/commercial One Bloor West tower begins in Toronto... up up and up to 85 storeys. Want to buy suite 7405? 1727 sq/ft 2 Bedroom + Den, 3 bath 1 parking, 1 Locker asking price $2,259,990, comes with a balcony if you want to look out. https://condos.ca//one-bloor-1-bloor-st/unit-7405-C3940806

http://www.orcatoronto.com/

Holy Carumba! https://condos.ca//pre-construction-condo-boom-coming-th/

If you have any friends thinking of buying in the next 4 months, it might be good to have them lock in ASAP. 5 year fixed at 3.24% (locked in for 120 days) 4 year fixed at 3.14% (locked in for 120 days)... 3 year fixed at 3.04% (locked in for 120 days) 2 year fixed at 2.79% (locked in for 120 days) ** No obligation Rate guarantees ** - Once the deal is live, rates could be better but might as well lock something in now - with no obligation. Rates are increasing 0.10 to 0.20% on average (that means thousands more over the term) Current Best live deals (as of today): 5yr fixed at 2.89%* 4yr fixed at 2.84%* 3yr fixed at 2.64%* 3yr Variable 2.30% (prime minus 0.90)* 5yr variable 2.50% (prime minus 0.70%)* As always, please feel free to call, text or email me any time 24/7 Have a great week!

If no new homes came on the market, how long would the existing homes take to sell in Toronto? Imagine back in February 2017 in Toronto there was about 3/4 of one month properties to buy. A little bit of demand! Forward to Aug 2017 the number of properties would now take 2.5 months to sell. More properties.

The Bank of Canada is raising its target for the overnight rate to 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. Recent economic data have been stronger than expected, supporting the Bank’s view that growth in Canada is becoming more broadly-based and self-sustaining. Consumer spending remains robust, underpinned by continued solid employment and income growth. There has also been more widespread strength in business investm...ent and in exports. Meanwhile, the housing sector appears to be cooling in some markets in response to recent changes in tax and housing finance policies. The Bank continues to expect a moderation in the pace of economic growth in the second half of 2017, for the reasons described in the July Monetary Policy Report (MPR), but the level of GDP is now higher than the Bank had expected. from Steven Bennett National Bank (416) 562-0073

When you see that Permit # sign on a Toronto fence surrounding an empty lot, enter it here: http://app.toronto.ca/ApplicationStatus/setup.do?action=init It should let you know what's going up!

The Sring Realty Team merges with Property.ca! Read about it here. Office in Leslieville! https://thespringteam.ca/merger-announcement-heres-new-par/

From a trusted colleague of mine: Dear David As you may have heard yesterday, the Bank of Canada has raised the overnight rate by 0.25%. What does this mean for you and for those with a variable rate mortgage or line of credit? The prime rate of Canada will go up by 0.25%- this increase instantly affects those with a variable rate mortgage and those who carry a balance on a line of credit. ... How much does this affect your payments? Approximately $12 per $100,000- not a lot, so don't panic. Be cautious when listening to the media, as they will try to spin everything in a negative way. Canada is doing great and this is a sign of that- the real estate market is still strong and I predict prices will still continue to go up in Toronto and the GTA. Probably 8 to 10% a year for the next 3 years. If you are in a variable rate mortgage product - STAY... do not lock in. If you lock in you will be self imposing a rate increase of 0.50 to 0.70% on average. This increase is a lot more than the 0.25% prime increase. If anything, take this as a reminder to increase your payments... pay more towards the principal, of which rates are low. This way you will not only be paying off your mortgage balance faster, but you will also be more prepared if rates go up again in the future. Meanwhile, you have paid off thousands more from the principal owing on your home. As always, I am happy to answer any questions you have. Please do not hesitate to call, text or email me anytime. Please contact me before you lock in. I still highly recommend my clients to take a variable rate mortgage even if you are starting one now. I recently purchased an investment condo, and I took a variable. I would only take a variable product. The benefits far out way the premium paid and the less attractive terms and conditions of a fixed rate product. If you must take a fixed, take a short term fixed. Those who go variable or short term fixed save the most money compared to the 5yr fixed product... this has been the case for the past 50 years. I hope this has provided you with some helpful information! Have a great day and even better summer! James Harrison Dominion Lending 647 822 2767 REAL Estate, Best Regards, David 647 853 6862

"The Central Bank raised its new target for the overnight rate to % Wednesday, citing a confident financial outlook and above-potential growth." a tiny bit higher!

COOL! Condos.ca has over 5.3 Million page per views a month now! ....and ranked 64th out of 1600 Brokerages for listings now! Excellent Dudes and dudessess. If you know someone wants to sign up and see what the excitement is about have them email or call first at [email protected] or 647 853 6862 or 905 807 6852!

The Bank of Canada held interest rates at 0.5 per cent Wednesday with an assessment of the economy which has some positives tempered with risks.

SELF EMPLOYED - This intrepid group of risk takers are entrepreneurial and help keep the economy moving but all too often we meet with these people and have to give news we would rather not give so let’s look at what we wish they knew. 1. Surround yourself with professionals. You are the expert in your field without a doubt, but that doesn’t translate to being able to do it all. Having a knowledgeable book keeper and a well-qualified accountant can save you a fortune in tax d...eductions and time lost. They are in your corner come tax time and heaven forbid through an audit by the CRA. Their job is to know the ins and outs of taxes so that you can put your focus on growing your business. A lawyer is also invaluable. They will protect you against loopholes you didn’t know to look for in contracts. Mortgage professionals are also a must. They can help you with your home, a rental portfolio if you plan to diversify and commercial lending when you are ready. 2. You can’t have your cake and eat it too. The lending landscape in Canada has totally shifted in the past few years. Long gone are the days of simply stating what you earn without any verification of such and being offered a mortgage with little money down and low rates. If you choose to write off as much of your income as possible to avoid as much taxes as possible then you will pay a higher interest rate on your mortgage. 3. You have to keep your affairs up to date. That means getting the accountant prepared financials, filing your annual returns and most importantly paying your taxes. If you have a large outstanding tax balance you are going to find it nearly impossible to get a mortgage. Taxes trump mortgage in order of who gets paid first so there are no prime or near prime lenders out there who will lend to you until these are paid. 4. The magical number in the mortgage world is two. You have to have a two-year history of self-employment with accompanying documentation to be able to proceed with the mainstream lenders in most cases. You also need two types of credit each with at least a $2,000 limit to keep your credit strong. Be aware of how debt may affect your purchasing ability. A large credit balance and a high vehicle payment will dramatically affect your ability to purchase a home. That $13,000 line of credit or a $400 vehicle payment will each decrease your purchasing power by $100,000. The bottom line is this, make sure that you use your whole team. If you are wanting to buy a home within a couple of years then before you go fully self-employed or purchase that new truck or write off all the income you can, talk to your mortgage professional to ensure you are not inadvertently putting your home ownership goals on hold. Pam Pikkert is a local mortgage broker with Dominion Lending Centres - Regional Mortgage Group

Hamilton rents out space on Queen Street West to try to get Toronto's attention Hamilton Consulate will be May 31 and June 1 at The Burroughs at 639 Queen St. W We need a downtown Caribbean Restaurant!...although the Brow has a great one!

Condo Prices by TTC Stop! Condos.ca https://www.thestar.com//where-the-most-and-least-expensiv

Hello People, If any of you know of any Realtors looking to join a Brokerage let me know! Property.ca is hiring.

Competition for you designers: https://www.hamilton.ca//west-harbour-key-project-pier-8-p

Not Bad! The year-over-year change in the price of the average detached house in Toronto, according to the latest sales figures from the Toronto Real Estate Board. 32.8%. Why would a gov't attempt to control that? Build places to buy!

Come all we need now are some Major Sport Franchisses to win here! https://condos.ca//record-real-estate-prices-bring-toront/

For those Toronto Roofing Friends: http://www.danforthroofingsupply.com/

Promo Video for condos.ca 1 1/2 minutes https://youtu.be/LeQn1-eK0PI

A little 11,000 sq/ft home for sale in Hamilton. 26 Ravenscliffe Ave Hamilton Ontario Cool just under $9 Million . Contact me at 647 853 6862 or 905 807 6852.... if you would like to buy!

Happy St. Pat's day to all of you!

Welcome Mark McLean! as the President of Property.ca, ltd, Brokerage, Past-President of the Toronto real Estate Board, and Director at Large for the Ontario Real Estate Association.

"The number of active listings on TREB's MLS System at the end of January was essentially half of what was reported as available at the same time last year. That statistic, on its own, tells us that there is a serious supply problem in the GTA a problem that will continue to play itself out in 2017. The result will be very strong price growth for all home types again this year," said Jason Mercer, TREB's Director of Market Analysis.

Traffic already soaring at Condos.ca with over 4.35 Million pageviews per month now. Come on Spring!

Property.ca & Condos.ca & MrLoft.ca have moved into the New Office! The Stone House 36 Distillery Lane Toronto. http://www.thedistillerydistrict.com/about-us.html The Gooderham and Worts Distillery was founded in 1832 and by the late 1860s was the largest distillery in the world. The Old meets the New!

Where is the inventory?

Toronto Condo Market Update: End of Year 2016 After all the record-breaking trends we saw in 2016, it should be no surprise that the year ended with the Toronto condo market outperforming the S&P/TSX Composite Index.* As of December 30, the Condos.ca price-per-square-foot index showed a year-over-year increase of 22.44% for the GTA condo market. http://condos.ca//toronto-condo-market-update-end-of-year/

Another Obstacle. Why is Toronto City Hall making it harder to own a Home in the City? see http://anotherobstacle.ca/ . Since 2008, City Hall’s take from the Land Transfer Tax has TRIPLED from $3,725 to over $11,000 on an average-priced home. Wow!

Love Where I Work!

...and for those who know Eglinton Square Plaza....things are bein' planned

Meeeeeeeeerrry Christmas Everyone!!!

3,000,000 page views in June 2016. Cool! I like summer!

Plans for Eglinton Square....Redevelopment of 1 Eglinton Square surrounding Eglinton Square Shopping Centre, featuring design by Quadrangle Architects. Five blocks of mixed-use development is being proposed, with tower heights ranging from 25 to 40 storeys. Long way from mushroom farms!

Okay, I'll say it. Can you believe there is not enough inventory in condos and homes in Toronto?

1,516 residential homes for sale today. - Toronto Real Estate Board. Stats Canada - According to data there were 6,055,724 people in the Toronto Census Metropolitan Area on July 1, 2014. Toronto alone accounting for 17% of Canada’s 35 million people.... T.O. can now definitely boast more people than all of British Columbia, more than twice as many people as all the Atlantic provinces combined, and nearly as many residents as the entire population of the Canadian prairies. The main driver of this growth, according to Statistics Canada, was foreign immigrants. Ntl Post I would speculate that the value of your home is going up.

Today, we're going to take you through just some of the condos in Toronto that out-performed the average rate of appreciation for detached houses in Toronto in 2015 - that figure to beat being +12.6%. You can see the average performance for all property types in our 2015 year end review. Remember though - most condos that see a massive spike in sales prices over a year or two then start to even out. The key, of course, is to get in as early as possible on that upward trajecto...ry to gain the most from your initial investment. Using our proprietary Condos.ca trends analysis, here are five Toronto condo buildings that got gold stars for value appreciation in 2015. The Robert Watson Lofts in Roncesvalles 2015 Average Annual Price Growth: +20.9% The Argyle Lofts in Beaconsfield Village 2015 Average Annual Price Growth: +18.7% Yorktown on the Park Near St. Lawrence Market 2015 Average Annual Price Growth: +19.4% Chaplin Place in Midtown 2015 Average Annual Price Growth: +17.5% Prince Arthur in Yorkville 2015 Average Annual Price Growth: +20.5% Wow!

1 Bloor West! 84 floors will be Canada's tallest building! Dizzy!

2016 ! Welcome All Happy New Year!!!!!!!!!!!!!!

It is official. The new liberal government has increased the minimum down payment for purchases in Canada. If you have any buyers looking to buy now with 5% down, I would highly recommend to chafe this info with them ASAP - rates as low as 2.24% (3yr fixed) locked for 120 days. The deal must be live and approved prior to Feb 15th, 2016 ... ***Effective Feb 15, 2016 the required down payment will change to the following breakdown: The minimum down payment for new insured mortgages will increase from 5% to 10% for the portion of the house price above $500,000, the finance ministry wrote. For example: A $750,000 home will now require $50,000 down -- 5% for the first $500,000 and 10% down for the remaining $250,000. Properties up to $500,000 will continue to require a minumum of 5% down. The changes are meant to reduce taxpayer exposure while supporting long-term stability of the housing market, according to the ministry. This measure will increase homeowner equity, which plays a key role in maintaining a stable and secure housing market and economy over the long term, Morneau said. It also protects all homeowners, including many middle class Canadians whose greatest investment is in their homes. ***If you or your clients have any questions please feel free to call or email me any time 24/7 Have an amazing weekend Mortgage Broker Dominion Lending Centres Mortgage Village 11934 145 Front St. E. suite 305, Toronto, ON M5A 1E3 C: 647-822-2767 Toll Free: 1-877-245-1185 x101 Email: [email protected] http://mortgages.ca/

Toronto continues its revitalization of the underutilized and, in some stretches, downright derelict parcels of land near the waterfront in new and creative ways. The Canary District in the West Don Lands, just east of the Distillery District, is shaping up nicely post Pan Am Games. The central waterfront has already received a revitalized Queen’s Quay district and the revival of the East Bayfront and Lower Don Lands are underway, led by Waterfront Toronto, a corporation fund...Continue reading

http://condos.ca/blog It’s a become a bit of a joke in the Toronto real estate world see a pre-construction condo sign go up in a less-than-desirable neighbourhood and big change is a comin’. Boy, just wait ’til the first indie coffee shop hits and you’ll know you’re onto the next big thing investment area. Once Starbucks shows up? You’re talking primo property. In all seriousness though, how much truth is there to the belief that purveyors of condos and coffee see legitima...Continue reading

The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.

Amidst much speculation about the devaluing loonie, the impact of plunging oil prices on the market and the Bank of Canada’s surprise cut to the overnight rate in January, economists have been assuring us that the Toronto real estate market will remain strong. In fact, Toronto home sales prices were predicted to increase, the idea being that lower mortgage interest rates and lower prices at the gas pumps will leave more money in consumers’ wallets to put towards buying a home.... Last week, the Toronto Real Estate Board (TREB) released their February market report and it seems the predictions were correct. February saw very strong sales results including sales of Toronto condos and home values rose dramatically in most cases. Here’s what you need to take away. A Shortage of Listings Didn’t Slow Down Sales. More Buyers at Opposite Ends of the Buyer Spectrum, Relieving Middle Market Congestion Home Prices Are Up Dramatically but Don’t Discount Toronto Condos as Investments: For example, sales prices in the Broadview Lofts in South Riverdale were up on average by 12.3% in 2014 over 2013; sales prices in the Toy Factory Lofts in Liberty Village were up by 9.5% year over year. If you’re interested in tracking condo sales statistics like these, sign-up as a condos’ Insider and get access to all of our unique data and trends analysis. by Andrew Harrild Contact me and give me your email address before signing up, and I'll make sure you are represented by me.

Toronto Star and Condos.ca 2014 02 http://www.thestar.com//the-real-costs-of-maintenance-fees

http://www.conciergeauctions.com//50-yorkville-avenue-tor/ 2014 June