By: Thomas Cook

A Chinese Firm Has Built A 57-Storey Condo In 3 Weeks

A Chinese Firm Has Built A 57-Storey Condo In 3 Weeks

A building firm in China has completed a 57-storey condo building complete with office space in only 18 working days. The firm used a technique that involved making pre-fabricated pieces and piecing them together one storey at a time. And to think, in other cities when buying a new condo we often have to wait years for it to be move-in ready! To accomplish this feat, the firm, Broad Sustainable Building, created over 2,700 modules in a factory for four months in advance. The modules were then assembled three storeys per day, like a jigsaw puzzle. See a timelapse video of the Chinese condo construction is available below! What do you think? ...Read More

By: Thomas Cook

Average Toronto Home Selling Price Hits $650,732

Average Toronto Home Selling Price Hits $650,732

The average selling price for a home in Toronto has increased to $650,732 during the first two weeks of June, a 12 per cent increase over the same time last year. “The familiar story of strong demand running up against a constrained supply of homes for sale continued to play out in the first half of June,” said the Director of Market Analysis for the Toronto Real Estate Board, Jason Mercer. “Modest growth in new listings was not enough to offset the pent-up demand that has built during the first half of 2015. As a result, strong competition between buyers continued to result in strong price growth.” The strong price growth was noted for both low-rise home types and ...Read More

By: Thomas Cook

Questions For A Toronto Real Estate Agent

Questions For A Toronto Real Estate Agent

Buying a home is a big deal, and choosing the right professional to help you through the process should include almost as much serious thought and consideration. After all, home transactions are huge financial decisions, and there are many intricacies involved. But there are many, many real estate agents to choose from, especially in this city! When meeting with agents to decide if you’re going to work with them, ask the following questions: What are the commissions or fees I need to pay? An agent should always be upfront with this, but remember that, as with most things, you get what you pay for. Do you have any references? Many real estate agents have testimonials on their website...Read More

By: Thomas Cook

Homebuyers Can Research Online, But Be Careful

Homebuyers Can Research Online, But Be Careful

There is so much information available to home buyers and sellers via the Internet these days. There's the regular news media along with helpful websites and countless "experts" who are ready to tell you what you need to do to sell your home, or how you need to prepare when buying a home. But with all of this information in front of you, it's easy to become more than a little lost. While the extra information can be helpful and it never hurts to know a little more about the buying and selling process, being a more informed buyer or seller doesn’t mean that a real estate agent won’t be a very valuable asset during your transaction. Pauline Aunger, the president...Read More

By: Thomas Cook

Is Toronto's Spring Market Over Now?

Is Toronto's Spring Market Over Now?

Sales were up 6% for May compared to last year with 11,706 houses and condominiums changing hands in all the districts.  This was the second record-breaking month in a row with the most sales recorded by the Toronto Real Estate Board for any month ever!  Sales are actually up 27% above the last 15-year average. Condo townhouse and high-rise suites maintained their share of the market at 29.4% with 3,441 units being sold.  This was another record as the highest number of resale condos ever sold in a month. The May average sale price for all GTA homes came in at $649,599 – up 11% from 2014 – and up 2.1% from April.  This also was the highest monthly average...Read More

By: Thomas Cook

Stroll Tree-Lined Streets In Yorkville

Stroll Tree-Lined Streets In Yorkville

This Yorkville century home is ideal for the single or couple who enjoy walks along tree-lined streets and hanging out in nice cafes and restaurants in the heart of one of Toronto's best neighbourhoods. Maybe you don't want to have a car but you do want some private outdoor space to enjoy with friends several months of the year.  This home at 31 Belmont Street is the perfect alternative to condo living - not a massive space to take care of and you can lock the doors and easily take vacation time any time of the year. There are many upgrades to this lovely home... take a look at the photos and ask us for the floor plans. See the entire 31 Belmont MLS listing here. Get free up...Read More

By: Thomas Cook

Could Your Toronto Home Contain Kitec Plumbing?

Could Your Toronto Home Contain Kitec Plumbing?

Normally when a home buyer reads about the dangers that could be lurking in a home, they're concerned about building materials used decades ago, like asbestos. But homes built in Toronto between 1995 and 2007 could be at risk of severe flooding damage because of Kitec plumbing, according to a recent column by Toronto Real Estate Lawyer Bob Aaron. The plumbing was initially designed to be corrosion-resistant but actually corroded at an accelerated rate and can fail with strong water pressure or extremely hot water. The pipes can fail, leak and even burst. In one case that Aaron mentions in his column, the costs of retrofitting a Kitec plumbing condo building downtown with copper pipes w...Read More

By: Thomas Cook

Average Selling Price In Toronto Increases Almost 11% In May

Average Selling Price In Toronto Increases Almost 11% In May

The Average Selling price in the for homes in the Greater Toronto Area has increased by almost 11% during the first two weeks of May compared to the same time last year, reaching $652,782. “The low-rise market segments, including detached home sales, have been the driver of average price growth in the GTA this year,” said Jason Mercer, the Toronto Real Estate Board’s Director of Market Analysis.. “As market conditions have tightened, average price growth has remained very strong. However, while tighter market conditions have been a key factor, so too has been a shift to higher priced homes. Detached sales growth in the City of Toronto, for example, has been strongest...Read More

By: Thomas Cook

What Makes A Toronto Condo Green?

What Makes A Toronto Condo Green?

Consumers these days are more conscious of the impact their buying descisions have on the environment than ever before, and home buyers are no different. Whether a condo is "green" or not has become a huge selling feature in Toronto in recent years. TD Economics recently released a report on what effect a condo’s “green” features have on its maintenance fees, days on the market and the selling price. What is a green condo? A LEED-certified condo uses less electricity and less water on average, while there are also a number of different variables that can account for a condo being green, such as the materials used in the construction process and where those mate...Read More

By: Thomas Cook

Don't Wait: Are You Prepared For A Flood?

Don't Wait: Are You Prepared For A Flood?

Large-scale thunderstorms with downpours are not uncommon during the summer season in Toronto. Unfortunately, these types of storms can end up causing serious damage of the worst and most expensive kind to your home: Flood damage. Did you know there are things you can do to help reduce the likelihood of flood damage to your house? While flooding has replaced fire as the leading cause of serious damage to homes in Canada, a recent survey by RBC has found that Canadians are not planning on taking preventative measures as much this year as previous years. For example, only 22 per cent of homeowners plan on maintaining their eavestroughts and downspouts this year, down from 60 per cent in 201...Read More