Here’s the new residential tenancy agreement that comes into effect later this year.
Are you frustrated with the lack of townhouses on the market? Are you living in a condo in the Davisville area and wish you could afford something larger in the area but you’ve found the houses just too out of reach? Well, look no further than this roomy 1700+ sq ft of living space located on Merton Street. You can even enjoy direct access from the garage inside to your townhouse.
The spacious and bright living & dining room is ideal for entertaining or a busy family life. The large kitchen will allow you to accommodate guests in what inevitably becomes a kitchen party or cook up a feast with some friends.
With a large laundry room completing the necessities of life is easy. A second floor office is ideal for working from home as it has it’s separate entrance and a patio. Or use it as a den where you can steal away with a good book or catch up on Netflix. Powder room. On the third floor enjoy your large bright master bedroom retreat complete with a large closet. The master ensuite features a separate tub and shower.
Recently, I’ve witnessed unprecedented gains in the condo market, particularly with condos below the $500K mark. It seems that they could be the bastion of hope for those on a smaller budget.
Recently, I’ve seen a 500+ sq. ft. condo listed for $408K at Bathurst & Bloor end up with 18 offers and sell for $509K on offer night. Another condo in the Dupont & Lansdowne area listed for $441K sold for $500k after 3 offers on offer night. The spectacular thing about that condo was that the status certificate (financials of the building) was not available and the buyer removed their status certificate condition in order to make their deal go firm that night.
What’s the Stress Test doing for the condo market? Here’s what you should know about the condo market right now.
This tenancy agreement (or lease) is required for tenancies entered into on April 30, 2018 or later. It does not apply to care homes, sites in mobile home parks and land lease communities, most social housing, certain other special tenancies or co-operative housing (see Part A of General Information).
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To get in touch with me, email me at Davelle@BosleyRealEstate.com or text/call at 416.509.3286
Last year, I analyzed the value of 2-bedroom condos along each subway line so that you could see what trends emerged at each station when it came to price.
I pulled the data from the Toronto Real Estate Board statistics based on condos that were within a 0.3km radius (394 steps) from a subway station. Some stations didn’t have any condos built within the 0.3 km distance while some stations had less than 2 condo sales reported during the period of Jan. 1 to July 24th, making some of the sample sizes rather small.
In this year’s version, I have added in the data from condo sales in the back half of the year (July 25th – Dec. 31st, 2017). Now we have a better idea of not only the values at each subway station but whether the values increased or decreased towards the back half of the year.
Here’s a simple tip that you should know about buying a resale condo as opposed to buying pre-construction.