Charming 3-Bedroom Home in Davisville Village (681 Hillsdale Ave E)

There’s no place like this charming 3-bedroom home.

It’s ideal for first-time home buyers and will be a fantastic place to spend the holidays. Cozy up to the fireplace with your hot chocolate ☕. In the summer time, step out to your large backyard to enjoy a BBQ dinner and wine-o-clock with friends. Groceries, restaurants, cafés, shops and new LRT Station are steps away. A hop, skip and a few jumps away from Maurice Cody.

Appliances include: Stainless Steel Gas Stove, Black Fridge, Black Dishwasher, White Washer and Dryer

Other Inclusions: Gas BBQ connection on deck.

Excluded: Large closet in master bedroom, window covering and light fixture in dining room

Showings with 24 hours notice between 9:00am-8:00pm only

*Thanks for showing *Offers Graciously Accepted Mon Nov. 4th at 7pm at 276 Merton. Seller will entertain pre-emptive offers. Please note the existence of knob & tube in the house.

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Is the Bank of Canada putting its hand in the cookie jar?

Bank of Canada hand in cookie jar

I was quite surprised by the recent announcement that the Bank of Canada plans on purchasing mortgage-backed securities for its balance sheet. Their plan is to purchase a bundle of CMHC-backed mortgages as investments. The Bank of Canada maintains that it will continue to be impartial when setting interest rates despite this transaction.

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Bright 2-Bedroom Suite at the Junction (641 – 60 Heintzman St)

This bright, South-facing, split bedroom suite with open-concept kitchen is the perfect place to entertain, Hang out or just live. It Offers a balcony fit for your morning coffee. The master bedroom features a walk-in closet, ensuite bathroom with soaker tub Located in the heart of the Junction, this condo is walking distance to all of the hip restaurants, coffee shops and transit.

Extras

Fridge, Stove, Dishwasher, White Washer and Dryer. All Window Coverings.

 

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Rent Control in Toronto

Prior to April 2017, rent control only existed for buildings built before 1991. Most of the new condos being built were not under rent control. According to Urbanation, a third of condo rental stock comes from individual investors, domestic & foreign, who have purchased condos and have rented them out. 27,219 units were leased on MLS in 2017. 50% of the new condo buildings are used as rentals. Prior to April 2017, Landlords were given free rein to increase rents on an annual basis.

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