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GTA MARKET WATCH 2015 FIGURES
Posted on Mon, 01 Feb 2016, 02:55:00 PM  in Toronto MLS Market Watch,  Finance, etc.
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REAL ESTATE MARKET WATCH - GREATER TORONTO FIGURES 2015

 

2015 has been a record year for its 101,299 sales in the Greater Toronto Area. It is the first time in our history that the sales number surpasses the 100,000 units mark. Strong annual sales increases were experienced for all major home types during the year. Consumer confidence where home ownership is viewed as a quality long term investment, coupled with a relatively strong regional economy and low borrowing costs are the key fundamentals for these outstanding figures. 

Last 10 Years GTA Average Price and Units Sold Alex Pino Realtor

 

December sales were the second highest recorded and show an increase of 527 sold units in comparison to 2014. The average selling price for 2015 increased by 9.8 per cent from $566,624 to $622,217. The demand is expected to stay very strong for 2016 as buyers remain upbeat on the purchase of ownership housing.

Average Prices and Units Sold 2015 GTA Alex Pino Realtor

Detailed reports of specific neighbourhoods are available on demand. Please contact Alex Pino, Broker if you would like to receive yours. 

 

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SIGNATURE AND WITNESS OF REAL ESTATE AGREEMENTS
Posted on Fri, 02 Oct 2015, 03:07:33 PM  in Real Estate Tips
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Signing real estate deals requires careful attention

Buyers and sellers must be aware of many technical issues and requirements when signing real estate agreements

Buyers and sellers must be aware of many technical issues and requirements when signing real estate agreements.

Under the Ontario Statute of Frauds, real estate agreements are only valid if they are in writing and signed by the parties. A handshake agreement to sell your property will not be enforceable.

The standard resale agreement provides a spot for the buyer and seller to sign, as well as a witness. What happens if the witness does not sign? Can the seller or buyer cancel the agreement?

There is no requirement in the Statute of Frauds for a witness to sign beside the signature of the buyer or the seller. The main reason for the witness is to prevent either of the parties from later denying that it was their signature, to try and cancel the deal. But if the witness saw the party sign, he could also give evidence later as to what he saw, so the contract would still be enforceable, even if no witness signed.

Nevertheless, because of the increase in mortgage fraud that has occurred over the years, many lending institutions now require that all real estate agreements be witnessed in writing or else they will not advance the mortgage loan. As a result, buyers and sellers are cautioned to always have a witness available. This can become problematic when agreements are signed by fax late at night and witnesses may not be available.

If two spouses are signing, can they witness each other’s signature? While technically they can, this may also offend a lender’s policy and so care should be taken to have an independent third party available, over 18 years of age, to witness the signature.

Can someone witness a signature if you fax the document to them after you sign it? No. The witness must be physically present to see you sign in order to sign as a witness.

How is an offer or acceptance communicated? Under most standard agreements, the offer must be delivered or faxed to the other party to prove communication. Therefore, if an offer is delivered to the seller and it is open for acceptance until 11 p.m., not only must the seller accept the offer before 11 p.m., but the accepted offer must be delivered or faxed to the buyer before 11 p.m.

Can you communicate offers and acceptances via email? Most agreement of purchase and sale forms in use today do not provide for communication via email. One reason is that you may send the email today, only to be notified tomorrow that there was a server error and the email was not delivered. Or perhaps you referred to the agreement as an attachment to your email but then forgot to include the attachment.

In order to avoid problems, a clause should be inserted into your agreement to permit communication by electronic system such as email. In addition, when you send the email, always ask for a reply communication from the other party to confirm that they have received the email. Then print the reply and keep it for your records.

The real estate agreement of purchase and sale is a serious contract, and may be the largest financial investment that you might ever make. Make sure that besides having it properly witnessed, that every clause is properly explained to you before you sign. This is what a professional real estate salesperson or lawyer will do when they prepare and witness your signature.

Mark Weisleder is a lawyer, author, course developer and public speaker for the real estate industry. Visit him online at www.markweisleder.com.

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AVENUE RD 1920'S OPULENT APARTMENT BUILDINGS
Posted on Mon, 21 Sep 2015, 05:35:10 PM  in History of Architecture,  Avenue Rd & St Clair, etc.
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The history of multi-residential architecture with upscale apartment buildings can be easily viewed in the outstanding examples of beautiful masterpieces that still adorn the area. It is a pleasure to stroll around Avenue Rd just south of St Clair to see these magnificent pieces and imagine the elegance of the era.
Avenue Rd 1920s opulent apartment buildings The Claridge
 The Claridge is "The Queen of the apartment buildings in Toronto"
Avenue Rd 1920s opulent apartment buildings The Claridge
 1927-1928 designed by Baldwin & Green this Venetian Palazzo offers intricate brick work. 
Avenue Rd 1920s opulent apartment buildings The Claridge Alex Pino Broker Your Home In Toronto

Gargoyles flank the corners of the building and angels support the oriel windows.

Avenue Rd 1920s opulent apartment buildings The Balmoral Alex Pino Broker Your Home In Toronto
 The Balmoral, a Tudor inspired building designed by S.B. Coon & Son in 1927-1928
Avenue Rd 1920s opulent apartment buildings The Balmoral Alex Pino Broker Your Home In Toronto
The huge stone arched entrance with a shield and the name of the building is one of its most attractive features.
Avenue Rd 1920s opulent apartment buildings The Clarendon Alex Pino Broker Your Home In Toronto
The Clarendon by Charles Dolphin designed in 1927 in a Tudor Revival style featuring a decorative parapet with medieval motifs.
Avenue Rd 1920s opulent apartment buildings The Clarendon Alex Pino Broker Your Home In Toronto
Three-4 storey buildings conform the corner of Clarendon Ave and Avenue Rd.
Avenue Rd 1920s opulent apartment buildings The Clarendon Alex Pino Broker Your Home In Toronto
The elegance of the buildings is even showcased in the secondary entrances.
Avenue Rd 1920s opulent apartment buildings The Mayfair Alex Pino Broker Your Home In Toronto
 The Mayfair Mansions by H.C. Roberts in the Art Deco style. Three buildings located at 394, 396 and 398 Avenue Rd. built in 1937, though less elaborate still are a testament of the great architectural styles in Toronto.
 
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TOP 10 THINGS TO DO AT THE CELEBRATION ZONE - HARBOURFRONT
Posted on Sat, 25 Jul 2015, 05:02:45 PM  in Toronto Lifestyle,  Recreation, etc.
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1 Zip Lines - on top of the harbour looking at the lake and city
Celebration Zone PanAmGames Toronto 2015 YourHomeInToronto Alex Pino Realtor Harbourfront 1
2 Rock Climbing - the sky is the limit!
Celebration Zone PanAmGames Toronto 2015 YourHomeInToronto Alex Pino Realtor Harbourfront Rock Climbing
 3 Whismeluckon - create your own message and post it in the wall art
Celebration Zone PanAmGames Toronto 2015 YourHomeInToronto Alex Pino Realtor Harbourfront Wishmeluckon
 4 Muskoka in the city - taste local beer and food
Celebration Zone PanAmGames Toronto 2015 YourHomeInToronto Alex Pino Realtor Harbourfront Muskoka in the City
 5 Boat Rides - for all ages
Celebration Zone PanAmGames Toronto 2015 YourHomeInToronto Alex Pino Realtor Harbourfront boat rides
6 Adrenaline Jump - test your courage!
Celebration Zone PanAmGames Toronto 2015 YourHomeInToronto Alex Pino Realtor Harbourfront Adrenaline Jump
7 Dance Salsa - or any other Latin genre!
Celebration Zone PanAmGames Toronto 2015 YourHomeInToronto Alex Pino Realtor Harbourfront Salsa Lessons
8 Live Performances - The Glorious Sons
Celebration Zone PanAmGames Toronto 2015 YourHomeInToronto Alex Pino Realtor Harbourfront Live Concert The Glorious Sons
 9 Eco Cabs - in the newly opened Queens Quay West
Celebration Zone PanAmGames Toronto 2015 YourHomeInToronto Alex Pino Realtor Harbourfront Ecocabs
 10 Enjoy the Summer 
Celebration Zone PanAmGames Toronto 2015 YourHomeInToronto Alex Pino Realtor Harbourfront dome
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TOP 10 PLACES TO VISIT AT THE PAN AM ATHLETES' VILLAGE - CANARY DISTRICT
Posted on Tue, 07 Jul 2015, 10:16:26 PM  in Toronto Neighborhoods
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Canary District Pan Am Village 2015 Toronto YourHomeInToronto Alex Pino Realtor
1 Pan Am Village with the city skyline in the background
Canary District Pan Am Village 2015 Toronto YourHomeInToronto Alex Pino Realtor George Brown College

2 George Brown College

Canary District Pan Am Village 2015 Toronto YourHomeInToronto Alex Pino Realtor
3 The Cabin Lounge
Canary District Pan Am Village 2015 Toronto YourHomeInToronto Alex Pino Realtor YMCA
 4 YMCA
Canary District Pan Am Village 2015 Toronto YourHomeInToronto Alex Pino Realtor
5 George Brown College 
Canary District Pan Am Village 2015 Toronto YourHomeInToronto Alex Pino Realtor
6 Luxury Condo Building on Front Street East
Canary District Pan Am Village 2015 Toronto YourHomeInToronto Alex Pino Realtor
7 Main public space in the centre of the Village that will remain for the future residents to enjoy
Canary District Pan Am Village 2015 Toronto YourHomeInToronto Alex Pino Realtor
8 Canary District Condo Building in front of Corktown Common
Canary District Pan Am Village 2015 Toronto YourHomeInToronto Alex Pino Realtor Athlete residence
9 Athletes' Residence
Canary District Pan Am Village 2015 Toronto YourHomeInToronto Alex Pino Realtor
10 Block 3 - a mix of affordable condos and townhouses

 

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LAS MEJORES ATRACCIONES TURISTICAS DE TORONTO
Posted on Thu, 25 Jun 2015, 08:27:30 AM  in Toronto Landmarks,  Toronto, etc.
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Con 7,400 atletas, entrenadores y acompañantes de todo el continente participando en los juegos Pan / Parapan Americanos, Toronto se va a beneficiar de éstas nuevas caras que complementarán su paisaje multicultural.

Para los recién llegados y para aquellos que no han tenido tiempo de disfrutar nuestras atracciones, este listado les servirá de guia.

1.- La torre CN – la quinta torre más alta del mundo con 553 metros de altura. La plataforma de observación exterior esta a 342 Metros. La caminata en el borde de la torre llena de adrenalina a los participantes que pueden quedar en voladizo sostenidos por un cable metálico.
 Las mejores atracciones turisticas para capturar la escencia de Toronto YourHomeInToronto Alex Pino Realtor
2.- Las islas de Toronto - Un corto viaje en ferry lo llevará a un paraíso familiar, lleno de espacios abiertos para aventurar y disfrutar de la naturaleza. Playas, ciclovias, áreas para picnic, deportes acuáticos, parque de diversiones y zoológico para niños.
 Las mejores atracciones turisticas para capturar la escencia de Toronto Islands YourHomeInToronto Alex Pino Realtor
3.- Museo Real de Ontario ROM – con una arquitectura singular diseñada por Daniel Libeskind, el museo ofrece obras de todas las manifestaciones artísticas al igual que alberga una colección de historia natural incluyendo una extensa muestra de dinosaurios.
 Las mejores atracciones turisticas para capturar la escencia de Toronto ROM Royal Ontario Museum YourHomeInToronto Alex Pino Realtor
4.- Galeria de Arte de Ontario AG0 – con su nueva edificación diseñada por Frank Ghery, el arquitecto canadiense más reconocido a nivel mundial. Alberga la colección más grande de arte nacional, del Grupo de los Siete, arte contemporáneo y una sala maravillosa de esculturas de Henry Moore. Ofrece espacios con escaleras en caracol y un escultural atrio de madera y vidrio
 Las mejores atracciones turisticas para capturar la escencia de Toronto AGO Art Gallery of Ontario YourHomeInToronto Alex Pino Realtor
 5.- El Hall de la fama del Hockey – dedicado a la historia de este deporte nacional. Tiene exhibiciones acerca de los jugadores, los equipos de la Liga Nacional, registros, recuerdos y trofeos. 381 jugadores hacen parte del pabellón de la fama que se estableció en 1943.
Las mejores atracciones turisticas para capturar la escencia de Toronto Hockey Hall of Fame YourHomeInToronto Alex Pino Realtor

6.- Casa Loma – originalmente construida como una residencia particular en 1914 es el unico Castillo de estilo gótico en el país en donde se puede vivenciar el esplendor de la época. Hoy es museo con salas de reuniones para eventos empresariales o personales.

Las mejores atracciones turísticas de Toronto Casa Loma YourHomeInToronto Alex Pino Realtor

7.- El Barrio Chino – contiene la mayor concentración de residentes y negocios de origen Chino, que se generó hacia 1890 con la inmigración de chinos-americanos procedientes de California. Restaurantes, negocios de mercancía variada, galerías de arte, Mercado, farmacias etnicas todos llenos de colorido y sabor.

Las mejores atracciones turísticas de Toronto China Town YourHomeInToronto Alex Pino Realtor
8.- El Distrito de la Destilería – ofrece una colección de más de 40 edificaciones restauradas de arquitectura industrial Victoriana que sirve de marco para restaurantes locales, tiendas de diseño, galerías de arte y cafés. En su época fué la destilería más grande del imperio británico.
Las mejores atracciones turísticas de Toronto Distillery District YourHomeInToronto Alex Pino Realtor

9.- Centro Comercial Eaton Centre/La Plaza Dundas – con sus múltiples niveles ofrece mercancías para todos los gustos y es un destino obligatorio para los turistas extranjeros. La Plaza Dundas con sus grandes avisos publicitarios es un lugar de reunión y exhibiciones de arte y música.

Las mejores atracciones turísticas de Toronto Eaton Centre YourHomeInToronto Alex Pino Realtor

10.- Parque y Museo Aga Khan – recientemente abierto es un sitio donde se mezcla la tranquilidad de los caminos naturales, los arboles y piscinas infinitas con un museo dedicado a la cultura Islamica, reflejo del tejido multicultural de la ciudad.

Las mejores atracciones turísticas de Toronto Aga Khan Park and Museum YourHomeInToronto Alex Pino Realtor

 

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PROTECT YOUR BASEMENT FROM FLOODING IN THE CITY OF TORONTO
Posted on Sun, 22 Feb 2015, 12:47:48 PM  in Yorkville,  Leaside, etc.
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It is time to prepare our houses again for the coming of Spring, which usually brings challenges once the snow melts adding up to the normal rainfall of the season. The City of Toronto has quite a comprehensive guide with professional tips that are worth exploring to make an informed decision regarding the possible solutions to your house based on the area where it is located.

Protect your basement from flooding includes:

  1. Causes of basement flooding
  2. Understanding Toronto's sewer system
  3. What the City is doing to stop the flooding
  4. Stop the flood before it starts
  5. Information on backwater valves and sump pumps
  6. What to do when your basement has flooded
  7. Keep your plumbing clear

                                                Protect your basement from flooding City of Toronto YourHomeInToronto Alex Pino Realtor

In addition to this information, the city offers a Basement Flooding Protection Subsidy Program which translates to a financial aid of up to $3,400 per property to install floor protection devices, including backwater valve, sump pump, capping of the home's storm sewer or external weeping tile connection.

Before doing any work, you should contact a plumbing contractor licensed with the City of Toronto to carry out a site assessment and double check if the works to be done fall under the eligibility criteria.

City of Toronto Basement flooding protection program study areas Your Home In Toronto Alex Pino Realtor

Leaside is one of the areas under review as shown in the detailed map below.

Leaside Storm Protection Plan Your Home In Toronto Alex Pino Realtor

The following slides will give you an illustration of the basement flooding findings and its causes. It also establishes some of the solutions for the area but remember, your house is unique as there are many factors that can affect it so use this as a guideline to make an informed decision.

 

One last piece that needs to be included in the review is the fine print of the home insurance so you need to double check if there is protection in place to make repairs should there be a flooding issue affecting your basement.

 

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MEET THE SCULPTORS AT BLOOR YORKVILLE ICE FESTIVAL 2015
Posted on Sat, 21 Feb 2015, 07:38:57 PM  in Toronto Lifestyle,  Toronto Neighborhoods, etc.
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The Ice Festival in Yorkville is another way to celebrate the winter in our city. Stroll around the park and see the wonderful ice sculptures showcased by talented and experienced artists. It takes them only one hour per block of ice but they know what they are doing! New stores have recently opened, including Starbucks right on the park.

We need to bundle up due to the freezing temperatures that are reaching the ones in the moon. Toronto can get to -40C and the moon is only -54C so we are not that far apart!

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ALEX PINO - REALTOR, ARCHITECT & PHOTOGRAPHER
Posted on Tue, 03 Feb 2015, 10:17:23 PM  in Toronto Photography
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Having an architecture background with photography skills in his Realtor tool box has allowed Alex to offer a comprehensive service to his clients when selling their properties.

As the saying goes "a picture paints a thousand words", thorough real estate photography, Alex shares the way he sees the spaces and buildings in the urban realm of Toronto. 

Toronto Photography Alex Pino

Understanding the different architectural styles in the city would also help us to appreciate our beautiful neighbourhoods, while giving them a context in time and history.

Toronto Photography Alex Pino Architectural Styles Your Home in Toronto

 

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GREATER TORONTO AREA MARKET WATCH END OF YEAR 2014
Posted on Mon, 02 Feb 2015, 07:08:32 PM  in Toronto MLS Market Watch,  Finance, etc.
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The number of units sold in 2014 was the second highest in the past ten years reaching 92,867 after 2007 that reported 93,193 showing the great importance households have given to Real Estate as it is considered a great long time investment. During the past 10 an average of 86,250 units per year have been sold and the price has been increasing on an average of 6.0% yearly.

Market Watch GTA December 2014 YourHomeInToronto Alex Pino Realtor

The Year Average Price for the Greater Toronto Area had an 8.35% year increase from $523,036 in 2013 to $566,726 in 2014. There has been a shortage of listings for single family homes that resulted in higher prices for the overall available properties.

For 2015, banks are not seeing any changes in borrowing costs so consumers are expected to continue with the trend of investing in Real Estate. Condos are also estimated to continue its popular growth and areas such as Yonge & Eglinton and Yorkville are going to have a whole array of new offerings that are good for consumers who will have lots of choices to select and invest. Townhouses are still a norm on main arteries and are transforming neighbourhoods such as Little Italy.

Following the yearly trend, the beginning of the year started slow having a peak of sales and prices in May and October which are traditionally the highest months for transactions.

Market Watch GTA December 2014 YourHomeInToronto Alex Pino Realtor monthly figures 2014

 Detailed reports of specific neighbourhoods are available on demand. Please contact Alex Pino, Broker if you would like to receive yours.

 

NEW CONDO MARKET

Based on Urbanation Inc., a total of 21,605 new condominium apartments were sold across the Greater Toronto Area during 2014, representing the third best year after 2011 and 2007. A record 20,809 condo units were completed in 2014. These figures are extraordinary and keep Toronto on the world map as a destination for real estate investment
Urbanation Annual Sales New Condos Toronto 2014

 

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