Ideas For Your Backyard In The Winter!

Just because there’s snow on the ground and low temperatures outside, doesn’t mean that your backyard has to be ignored this Winter!

Here are a few ideas to heat up your outdoor living space, just in time for the holidays!

Outdoor Fireplace:

Bring on the heat! This is probably the easiest way to be able to enjoy the outdoors while staying cozy beside the fire! Other options include heat lamps or a simple fire pit!

Patio Roof

Imagine a nice cup of tea in the morning, sitting at your favourite patio set that you enjoy during the summer months! All you will need is a little roof cover to stop the snow and ice from falling – Can be used in the summer as well!

Cozy Chair Coverings & Accessories 

Keep warm by adding weather-resistant rugs, blankets and pillows to your patio set!

Colourful & Winter Blooming Plants

Flowers aren’t only for spring & summer! There are certain plants that bloom in the winter! Such as pansies, Japanese quince, dogwood and heather are all very popular!

Outdoor Grilling

Don’t let the snow stop you! Invite your friends over for a winter BBQ feast! Think hearty veggies and meats that will warm you right up!

Lighting

With shorter days and longer, cold nights – lighting is key! Think string lights, solar lights or even candles to brighten up your outdoor space!

Get Active Outdoors!

How fun is your very own skating rink?! Other ways to actively use your backyard space could be a sledding track, snowmen and snow angels… The list is endless and the kids will love it!

 

Looking To Buy, Sell Or Rent In Toronto/GTA Region?

Try Sutton Realty – We Have Agents Standing By To Answer All of Your Questions!

Sutton Group Realty Systems Inc., Brokerage

905-896-3333 / 416-896-333

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!

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

The 10 Best White Paints Shared By Interior Designers!

Have you ever wondered what the difference is between white paints?

10 expert home designers have shared their favourite shades – See below!

Swiss Coffee by Benjamin Moore

Chantilly Lace by Benjamin Moore

Pure White by Sherwin-Williams

Super White by Benjamin Moore

Imagine .01 by Colorhouse

Decorator’s White by Benjamin Moore

Pointing by Farrow & Ball

White Wisp by Benjamin Moore

Cool December by Dunn-Edwards

Simply White by Benjamin Moore

Looking To Buy Or Sell A Home? Need Help With Interior Design And Staging Ideas? Call Sutton Realty Today!

Sutton Group Realty Systems Inc., Brokerage

416-896-3333 / 905-896-3333

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.

Which Features Will Help To Sell Your Home Quickly?

With trends constantly changing these days, it’s hard to tell which new features and design improvements will actually benefit in the quick sale of your property.

Realtor.com has offered a few key features that have helped home owners sell their home the fastest and for the best price!

  1. Gourmet Kitchens/Chefs’ Kitchens
    Open kitchen designs have exploded onto the real estate market, becoming a centerpiece for each home. Luxury is important to buyers, especially when it comes to hosting friends and dinner parties. Dark palettes like black & navy have taken precedent over the more traditional white and neutral shades. Open shelving, double doors, lots of windows, quartz counters, stainless steel appliances – these are all adding to the popularity and success of home-selling!
  2. Specialty Rooms Whether it be a home office, theatre, gym or mudroom – buyers are asking “why go out when you can stay in?”. While not as popular as they were in the beginning, design experts are saying that homes which come equipped with any type of specialty room usually go for about twice as much as the national median!
  3. Outdoor FeaturesSolar panels have become a really hot commodity thanks to the demand from climate-conscious buyers and those who are looking to cut down their electricity bills. Built-in pools (whether shared or private) have always been consistently popular, but while they attract some buyers in warmer parts of the globe, some buyers may repel due to maintenance and liability issues. Bottom line for pools is to install it for your own enjoyment first, resale value second.
  4. Smart Home Features and Electronics Anything from interconnected appliances or internet-controlled thermostats to fully-wired homes. This can be an expensive addition, but the trend is booming thanks to Amazon Echo and Google Home. These electronic home features are so easy and convenient to use – there is almost no reason these additions will go out of style. With this technology, homeowners can now pick up a simple smart home security system for pricing as low as $150, vs. having a technician come in and install a system which could run a bill over $1000! People really like having an app on a phone to know if someone’s at home or not.
  5. Indoor FeaturesNo matter where you go – fireplaces are always welcome and will never go out of style, however there are definitely more modern approaches to the classic fire place, such as being built into the wall. Another key indoor feature is the walk-in closet; not as popular as they once were due to the de-cluttering movement.

Whether you are looking to sell your home at an amazing price or are looking to purchase a home which includes any of the above upgrades, please give us a call!

We have agents waiting by the phones to answer your questions and help you with all of your buying and selling needs – each step of the way!

Sutton Group Realty Systems Inc., Brokerage

416-896-3333 or 905-896-3333

www.SuttonRealty.com

Severe Housing Downturn in Canada is Unlikely

 

Royal Bank has stated that a widespread real estate downturn is unlikely and that the probability is “still low but has increased somewhat in recent months”. Mortgage stress tests and rising rates are making it harder for buyers to get a foot in the door.

Toronto, Vancouver & Alberta are currently at risk due to the high interest rates put on the high-priced areas, and affordability is a major at a crisis level. “Regulatory changes made the market healthier – it is now balanced, well supported by economic and demographic fundamentals, and while condo building activity is elevated we see few signs of overbuilding,” says RBC.

Montreal remains one of Canada’s stronger markets at the present time, says RBC. Elevated levels of apartment construction in Montreal, Vancouver, and Toronto is a potential long-term concern, however unsold inventories are low.

 

For more on this article, visit: https://ca.sports.yahoo.com/news/severe-housing-downturn-canada-unlikely-rbc-190257940.html

 

Canada Considers Applying Mortgage Stress Test Rules To Private Lenders

Canada is considering subjecting private lenders to the same mortgage stress test rules faced by banks to prevent housing markets from being destabilized by the lenders’ rapid growth, three sources with direct knowledge of the matter said.

Private lenders currently account for approximately one-tenth of Canada’s $1.5 trillion mortgage market, and are still dwarfed by banks but their growth has accelerated since the new rules have been introduced. The B-20 rules that were introduced last January require banks to test the borrower’s ability to make repayments at 200 basist points above their contracted rate, and have resulted in more applications for loans being rejected.

As of now, private lenders are not subject to the B-20 rules because they are supervised by provincial regulations rather than the Office of the Superintendent of Financial Institutions, the federal regulator. Bringing them under federal supervision would require a change in the law.

Two options were discussed, either the federal government would have to ask provinces to apply the B-20 guidelines themselves, private lenders would then also need to provide stress tests the same as the banks’, or the less severe alternative – to recommend provinces ensure private lenders run tighter checks on the ability of their borrowers to repay loans but stop short of imposing the actual stress test. A final decision has yet to be made.

Mortgage investment companies (MICs), have been the main driver of private lenders’ growth, picking up borrowers spurned by the banks. Lending up to 90 per cent of a property’s value, they typically charge borrowers an annual rate above 10 percent, sometimes as high as 15-20 compared with the 3-5 percent offered by banks.

For more on this article visit: https://business.financialpost.com/real-estate/mortgages/exclusive-canada-mulls-measures-to-curb-private-lenders-growth

 

 

10 Canadian Housing Charts That Show How Out Of Whack The Market Is

After years of booming times, Canada’s housing markets are at a turning point. Interest rates are rising, and the new mortgage rules have taken some steam out of the market.

Below are 10 charts illustrating just how out of whack things have become.

Canadians have never had to shell out more of their income to own a home:

Condo construction is at an all-time high:

Young families are not wanting to live in said condos:

You need to be a one-percenter to own an “average” Vancouver home:

Vancouver homes are comically overpriced:

Vancouver’s new distinction: Worst housing market:

There aren’t enough new residents to prop up Vancouver’s market:

Toronto has as much as it can handle:

Mortgage growth is at historic lows:

Investment condos are now often losing money:

 

Liberals Look To Make Home-Buying More Affordable For Millenials

 

Finance Minister Bill Morneau gave a speech in Aurora, Ont., where he asked if Ottawa has any plans to help first time-buyers. Morneau said the Trudeau government is looking for ways to make home-buying more affordable first-time buyers.

Housing is expected to be a prominent campaign issue ahead in October’s federal election. The Liberal government has focused on three housing-related issues: Canada’s shortage of affordable housing, a run-up in real estate prices and ensuring millenials can afford homes.

He stated that the Federal government has already taken steps to increase the supply of affordable housing and to cool the hottest markets by introducing stress tests that limit some people’s ability to take out big mortgages.

According to the Toronto Real Estate Board, the average price for all types of housing there was $810,000 in December. Detached homes were going for more than $918,000. Conservative MP Karen Vecchio argued in a statement Tuesday that Trudeau government policies, including it’s carbon tax, have made housing less affordable.

NDP Leader Jagmeet Singh proposed measures he insisted will help build 500,000 new affordable housing units across Canada over the next 10 years. He said Ottawa should stop applying GST to the cost of building new affordable units, provide a subsidy to renters who spend more than 30 per cent of their incomes on housing and double a tax credit for first-time home-buyers from $750 to $1,500.

In 2015, Liberals promised to enhance the popular Home Buyer’s Plan which enables first-time buyers to borrow up to $25,000 tax-free from their registered retirement savings to purchase a new home. The amount musst be repaid within 15 years. And in 2017, they unveiled a 10-year, $40-billion national housing strategy which the government has billed as a plan that will provide more social housing and affordable renting units.

 

For more on this article, visit:  https://www.princegeorgecitizen.com