Looking To Buy In The Halton Region? Here’s What You Can Afford

According to TREB, there was a 25% annual increase in November this year, with 668 transactions that occurred. Meanwhile the average price from to 5.4% for the Halton region as a whole.

Wondering just how affordable the market is for median-income buyers? See below.

Burlington:

Median earners of $93,588 will find decent affordability in it’s condo sector, while townhomes & semi-detached homes would take between 5.6 years to 16.6 years to save. Detached homes would take about 31.9 years to save for.

Milton:

Median earners of $104,730 could afford a condo or townhome based on a 1.5 or 1.2 year timeline.

Oakville:

The city’s median income is around $113,666, meaning buyers could move into a condo costing $537,000 within a 1.4 year timeframe.

 

Are You Considering Buying A Home In The Halton Region? Sutton Can Help!

We Help Landlords, Tenants, Buyers And Are Here To Answer Any Questions You May Have!

Give Us A Call Today At 905-896-3333 or Visit Us Online www.SuttonRealty.com

Condo Owners & Balcony Bylaws

Toronto’s high-rise residences are growing by the day – one of the only ways to have a piece of outdoor living is to have a balcony.

However, balconies can be a bit complicated when you’re looking to add decor, plants, furniture or any sort of appliance.

Here are a few important things to consider:

BBQ’s:

Nothing says summer like a barbecue gettogether! However, most often barbeques are illegal on balconies. Some residents are lucky to have a gas line built-in for a combustible model, while others may not be able to have a grill at all. Not only can propane present a huge fire, smoke, and smell hazard concern for neighbours, but there are also laws that specify how propane tanks can only be moved if a list of criteria is met. It’s also against the law to take them up main elevators!

Cement & Greenery:

Cold, grey stone isn’t exactly inviting, and although tiles and turf designed for outdoors may add warmth to an outdoor space, you will have to check with your condo’s board. A lot of condos have banned these additions due to fire risks from flying cigarette butts. Some buildings have even banned area rugs!

As for your green thumb, you may need to go easy. Although the majority of condos will allow plants, you will need to be mindful of the height and placement, also due to fire hazards. There may also be weight restrictions for large, dirt-filled planters and tall arrangements. Ceiling planters are almost never allowed, so container planting is usually the way to go!

Storage: 

A big complaint amongst downtown Toronto condos and management is the inability to keep bikes on balconies due to the dirt they track in through the unit. There is also a known issue with large stored items on balconies such as cardboard boxes, plastic bins, and shelving. Ensure you know the rules before counting on storing your items outside!

East Brampton – Trinity Village Stylish Single & Semi-Detached Homes

East Brampton – Trinity Village Stylish Single & Semi-Detached Homes

Incredible Location & Beautiful Neighbourhood Design!

Prices Starting From $769,990 To Over $1,129,990

Up To 4000 Sq Ft., Close To Highways 407/410, Walking Distance To Public Transit!

15 Minute Walk To Trinity Common Mall & Adjacent To Heart Lake Conservation Area!

Call Today For VIP Info, Price Lists & Floor Plans!
Sutton Group Realty Systems Inc., Brokerage
905-896-3333
www.SuttonRealty.com

A/C In The Summer – Can Landlords Charge More?

We’ve all been there – a heatwave in the middle of the summer. Relying on airconditioning has become much more of a necessity than a luxury.

Does a landlord have the right to charge extra for air conditioning? What if your hydro fees are included in your rent?

In short, yes. But there are a few exceptions to this.

Under section 123 of the Residential Tenancies Act, a landlord is legally allowed to charge you for the use of an air conditioner. This section allows for a landlord to increase the rent if both the tenant agrees to the addition of a “prescribed service”. If a clause for extra charges is not in the lease, the landlord must get the tenant to pay an increase in rent but will have to go to the Landlord & Tenant board to enforce it.

If a landlord is to charge for additional electricity, it must be included in the monthly rent cost. It cannot be a lump sum for the entire month, and the maximum increase should amount to the cost of the actual service the landlord is providing. A reasonable amount must be negotiated if the exact price cannot be determined.

An illegal charge would be if a landlord were to charge a tenant for an A/C unit that they did not previously charge for.

If you’ve been asked to pay an illegal charge, you may have it resolved here: http://www.sjto.gov.on.ca/documents/ltb/Tenant%20Applications%20&%20Instructions/T1.pdf    

 

Looking For Your Perfect Rental With No Hidden Fees Or Hassles?

Give Sutton Realty a Call – We Help Every Step Of The Way, We Even Help Landlords!

Sutton Group Realty Systems Inc., Brokerage

416-896-3333 / 905-896-3333

www.SuttonRealty.com

 

Thinking of Selling Your High Park Home?

Businessteam

Receive a Free Market Evaluation on your Home Value Today

Whether Selling, Refinancing or for Tax Purposes, call Your Local Realtor at Sutton.

Call 416-896-3333 or Visit us online at www.SuttonHomeValues.com

Sutton Realty Open Houses Oct 26-27th

Amazing Open Houses To Check Out This Weekend!

 

Looking To Buy Or Sell A Property In Toronto/GTA?
Call Sutton Realty – We Help Landlords Too!
Sutton Group Realty Systems Inc., Brokerage
416-896-3333 / 905-896-3333

Advantage of Hiring a Full Service Brokerage vs a Discount One Hit Wonder

Back in August, a 4 bedroom home on Summeridge in the area of Sugarbush Heritage Park & 407 sold for $1,318,000. The home across the street, which was slightly smaller and less renovated, sold for approx. $1,120,000 through a discount brokerage. Meaning the seller saved $45k in commission, but sold their home for $198,000 less than 421 Summeridge.

With size and upgrades considered, the seller from across the street ended up losing $148,000 on the actual value that they should have gotten for the home vs. what a full-service brokerage could have gotten them.

421 Summeridge Dr., Vaughan, Ont.

Asking price: $1,329,000

Selling price: $1,318,000

Previous selling price: $438,153 (2005); $160,000 (2004)

Taxes: $6,347 (2019)

Days on the market: Six

To read the full article, visit: https://www.theglobeandmail.com/real-estate/toronto/article-agent-says-sale-of-vaughan-home-points-to-full-service-advantage/

Looking to buy or sell in the Toronto/GTA area? Call Sutton Realty Today!

Sutton Group Realty Systems Inc., Brokerage

416-896-3333 / 905-896-3333

www.SuttonRealty.com

Sutton Office Training Webinar – How To Dominate Your Market Place With Dan Plowman

How To Dominate Your Market Place with Dan Plowman Coaching

Join Our Live Webinar Today At 1pm, Either In The Office Or On The Go!

Call The Office For Details 416-896-3333

How To Dominate Your Market Place with Dan Plowman Coaching
Join Our Live Webinar Today At 1pm, Either In The Office Or On The Go!
Call The Office For Details 416-896-3333
#Webinar #DanPlowmanCoaching #ReaLEstate #SuttonRealty #Training

First Time Home Buyer? We Can Help!

Are You A First Time Home Buyer? We Can Help!

Call Sutton Realty Today To See If You Qualify For The First Time Home Buyer Incentive!

Sutton Group Realty Systems Inc., Brokerage
416-896-3333
www.SuttonRealty.com

Landlords: Is An Inspection Report Important On Move-In & Out Days?

“One Ontario resident learned the hard way about the importance of inspections. When she initially moved in, neither she nor her landlord formally inspected the property. When she moved out, she found herself legally and financially responsible for removing a wall that the previous tenants had constructed in the unit.”
It is critical that the condition of the rental unit be documented on moving day.
This will help:
  • Note previous damage
  • Establish a baseline to evaluate normal wear and tear
  • Decide who is responsible for paying for any potential damages that might occur in the future.
For tenants, it will also waive any liability for damages that existed prior to moving in.
Tenants and landlords should always conduct the move-in inspection together.
[call-out: Did you know? In some provinces, the security deposit is only repayable if the move-in inspection matches the one completed upon moving out.]
Located in British Columbia or the Yukon?  (not Ontario)
A Condition Inspection Report is required by law. Both the tenant and landlord should complete, sign and date the form at move-in and move-out.
Final inspections
When a tenant moves out, the Move-in Report will come in handy.  Refer to the initial inspection that was completed upon moving in, and compare it with the condition of each room on moving out.
We strongly recommend taking photos prior to move in, ever little bit helps to avoid confusion at move out.
Ask your Sutton Realty for any photos available from the time you listed the property.