New Ontario Condo Buyers Guide Released

Ontario’s Residential Condominium Buyers’ Guide – Now Mandatory for Developers to Provide to All Purchasers of Ontario Residential Condos

*Click Here to Download The Guide*

Ontario Residential Condominium Buyer’s Guide

Ontario’s Residential Condominium Buyers’ Guide (Condo Guide) was developed by the Condominium Authority of Ontario (CAO) in collaboration with the Ministry of Government and Consumer Services (MGCS) and approved by the Minister as a helpful resource for the buyers of residential pre-construction/new condo units.

You can read and refer to the Condo Guide from the moment you begin to consider buying a condo unit and throughout your condo ownership life cycle.

 

As of January 1, 2021, developers across Ontario must provide purchasers of new and pre-construction residential condos with a copy of the guide.

Under the Condo Act, purchase agreements for new or pre-construction condos purchased from developers are not binding on purchasers until developers provide purchasers with a copy of the current disclosure statement containing vital information about the future or existing condo property and corporation (e.g., corporation’s first-year budget, the proposed or actual declaration, by-laws, and rules).

As of January 1, 2021, in addition to the disclosure statement, developers must also provide a copy of Ontario’s Residential Condominium Buyers’ Guide (the applicable condominium guide) to the purchasers of new or pre-construction residential condos. The Guide was developed by the Condominium Authority of Ontario (CAO) and approved by the Minister of Government and Consumer Services. It includes up-to-date information on a variety of aspects of condo ownership, such as:

  • The condo purchasing process
  • Moving into a pre-construction residential condo unit
  • Condo living and governance
  • Resources for resolving issues with condo living

Although the Condo Guide is primarily written for new condo buyers, if you have recently purchased a unit, or even if you are a long-time condo owner, the Condo Guide may also be of interest to you as it covers many topics relevant to condo ownership.

If you are looking for a pre-construction condominium in Ontario, call for our upcoming projects 416-896-3333 or browse through www.itorontocondos.ca

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!

Toronto’s No 31 Condos in the Distillery District – VIP Sale Now on!

 

Amazing Views of Waterfront and Toronto!

A landmark lifestyle condominium bringing art, culture, history, and style together in the coveted Distillery District.

Prices starting in the $500,000’s to $1,409,900

Spectacular 41 Storey Elegant Building offers a total of 428 units. Sizes range from 351 to 1079 square feet.

Located adjacent to the Distillery Historic District. A True Distillery Historic District Pre-Construction Condo Launch after 10 years!

Located in the city’s desirable Distillery District neighborhood, residents of No 31 Condos will be close to the waterfront, trendy lifestyle amenities, boutique and specialty shops, lush green space, transit, and post-secondary institutions.

Steps from the famous:

  • Distillery Historic District
  • St. Lawrence Market
  • Google Sidewalk Lab
  • Ryerson University
  • George Brown Waterfront Campus

Love the Location with a 99 Transit Score, 92 Walk Score, and 99 Bike Score.
No care needed in this location!

 

A unique play of materials creates the extraordinary.

The suite interiors merge contemporary and modern touches through clean lines and integration of black stainless steel appliances. The suite palette offers a combination of organic textures and matte finishes. Through the open concept living, residents can be inspired by the historical aesthetic of the Distillery District.

 
Features & Finishes

Suite finishes

  • Approximately 9’ ceilings. ***
  • Exterior glass sliding doors***
  • Solid core entry door with hardware and security viewer
  • Individual 4 pipe fan coils
  • 40-ounce broadloom and upgraded underpad in bedrooms***
  • Laminate flooring in den, living rooms, dining rooms, foyers, and halls***
  • Mirrored sliders on closet doors***
  • In-suite smoke detector
  • In-suite carbon monoxide detector
  • Laundry with white stacked washer/dryer vented to exterior
  • Ceramic flooring in laundry area
  • Interior walls painted off-white quality latex*

Master ensuite bathroom

  • Choice of porcelain or ceramic flooring* ***
  • Granite/Quartz/Integrated cultured marble countertop
  • Safety pressure-balancing valve in tub**
  • 5’ soaker tub or shower with glass panel with chrome faucets***
  • Designer selected plumbing fixtures and cabinetry**
  • Choice of porcelain or ceramic wall tile in tub or shower area ***
  • Exterior vented exhaust fan
  • Entry privacy lock

Main bathroom

  • Choice of ceramic or porcelain flooring * ***
  • Granite/Quartz/Integrated cultured marble countertop
  • Safety pressure-balancing valve in tub**
  • 5’ soaker tub or shower with glass panel with chrome faucets***
  • Designer selected plumbing fixtures and cabinetry**
  • Choice of porcelain or ceramic wall tile in tub or shower area ***
  • Exterior vented exhaust fan
  • Entry privacy lock

General
Please see provisions in Schedule A relating to Purchaser’s rights to select finishes and Vendor’s rights to install substitute materials and finishes

* Colours and/or materials to be selected from Vendor’s standard sample packages, as provided for below. Vendor shall not be responsible for shade differences occurring from different dye lots
** If applicable
*** As per plan
**** Except bathrooms, laundry, bulkheads and drop ceilings for mechanical systems, as required
(1) The Vendor shall have the right to make alterations to the selection and specifications relating to Energy Efficient Features.
Dated: October 17, 2019

Kitchen

  • Laminate flooring*
  • Black stainless steel appliance package: fridge/bottom freezer, convection range, dishwasher, microwave
  • Selection of designer series kitchen cabinetry*
  • Under-cabinet lighting
  • Granite/Quartz countertop*
  • Designer series mosaic or glass tile backsplash*
  • Stainless steel sink with single-lever faucet and pullout vegetable spray***
  • Kitchen or dining ceiling mounted lighting fixture (as per plan)

Electrical features

  • Rough in ceiling light outlets in dining room
  • Rough in ceiling light outlets in bedroom
  • Lighting fixtures in bathrooms**
  • Lighting fixture in hallway
  • Cable television outlets in den, living room and master bedroom**
  • Telephone outlets in living room and master bedroom**
  • Service panel with circuit breaker

Security features

  • 24-hour concierge
  • 24-hour security cameras in select garage/parking areas
  • Closed circuit camera monitoring at select building entry points
  • Electronic communication system in lobby vestibule permits visitors to communicate with suite from building entrances

Energy efficiency features

  • Energy Star appliances
  • Dual flush toilets
  • Energy efficient light bulbs
  • Water conserving faucets
  • Individually metered hydro and water

For a Price List and Floor Plans call your Sutton Representative today.
https://www.itorontocondos.ca/pre-construction/ON/toronto/M5A2Y2/1070219-31-Condominiums-31–parliament–street

Toronto housing prices on the up amid tightening supply

Demand continues to outpace a dwindling supply of listings

TORONTO’S home prices extended gains in November, and are now accelerating at the fastest annual pace since 2017 as demand continues to outpace a dwindling supply of listings.

Benchmark prices on homes sold in Canada’s biggest city rose 0.6 per cent in November from October, bringing the increase from a year earlier to 6.8 per cent, the Toronto Real Estate Board (TREB) said in a report on Wednesday.

The number of transactions also rose, with sales up 14 per cent from November 2018.
Toronto’s housing market began bouncing back in recent months – driven by a combination of lower mortgage rates and rising population – after almost two years of adjustment to higher taxes and tighter regulations to tame soaring valuations.

While transactions still remain well below records in 2016, when the market was being driven by speculative demand, prices have fully recouped their declines and realtors are cautioning that values could continue rising, given the dearth of listings and supply.

Active listings fell 27 per cent in November from a year earlier, said TREB.

Jason Mercer, the board’s chief market analyst, said in the statement: “Increased competition between buyers has resulted in an acceleration in price growth.

“We expect the rate of price growth to increase further if we see no relief on the listings-supply front.”

Condos have been recording the biggest increases over the past year, with benchmark prices for such homes up 9.5 per cent from a year ago, versus 5.1 per cent gains for single-family detached residences.

The average price of a detached home sold in Toronto last month was C$1.04 million (S$1.07 million), versus C$617,658 for condominiums.

The average price of a home in Toronto and its suburbs rose 7.1 per cent from a year earlier to C$843,637 in November.

That’s still below the peak of nearly C$921,000 set in April 2017, as activity over the past couple of years has shifted to the less-pricey condo segment of the market. BLOOMBERG
Find out the value of your home at www.SuttonHomeValues.com

Check out the Latest Inventory at https://www.itorontocondos.ca/property_find_form_common

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

Exclusive VIP Launch at the Saint – New Toronto Downtown Condo Development.

Receive a sneak preview of the floor plans and renderings.

The Saint Condos is a New Condo development by Minto located at Church St & Lombard St, Toronto.

Top 5 Reasons to Live at The Saint Condos According to CondoNow.com

1. Perfect Transit Score – Residents of The Saint Condos have the ultimate convenience of having TTC bus routes running right past the front door and express and 24-hour routes nearby. Streetcar routes also run nearby, all providing connections to the subway and getting riders into Union Station in less than 10 minutes.

2. Walker’s Paradise – The Saint Condos is located in the heart of Toronto’s vibrant downtown core and is surrounded by plenty of dining, shopping, and entertainment options that residents can enjoy. Errands at the grocery store, pharmacy, or bank can easily be completed by foot also.

3. Great Investment – Some of the city’s post-secondary institutions including, George Brown, Ryerson, and OCAD are all within close proximity to The Saint Condos, making it a great place for students searching for off-campus housing during the school year. The Financial District is located nearby, making this a perfect place for young professionals looking to live where they work also.

4. Parks and Beaches – Even though The Saint Condos is located in the heart of the downtown core, that doesn’t mean the area lacks natural green spaces. There are several nearby parks to enjoy. The city’s waterfront, Harbourfront, islands, and beaches are all easily accessible also.

5. Minto Group – For over six decades, Minto Group has been successfully building family homes and communities throughout North America and strive to create innovative, high-quality, and sustainable projects that are of great value and design for their buyers.

 

 

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

Kitec Lawsuit Ends this Jan + kitec facts for Ontario Home Owners

Helpful Information for Ontario Home Owners with Kitec Plumbing.  Here is a little update that might be of interest.
Feel free to pass this along to anyone you know that has been affected  by Kitec Plumbing in their units.
– The claim filing deadline is January 9, 2020
– Piping with the names Kitec, PlumbBetter, IPEX AQUA, WarmRite, Kitec XPA, AmbioComfort, XPA, KERR Controls, Plomberie Améliorée are included in this settlement
– At this stage, only people who have experienced a failure in a Kitec plumbing system are eligible to receive settlement payments
– If you have not experienced a leak, you should still file a Claim Form
If there are sufficient funds remaining at the end of the claims filing period, you might be eligible for some compensation
– Per the plan of allocation, a payment will occur per each qualified leak experienced. The payment is approximately one half of the estimated costs to repair or replace the affected fitting or pipe
– If you had to replace your plumbing to sell your house, you should file a Claim Form and include documentation showing that you were required to replace your Kitec System and the costs. Depending on fund sufficiency you might be eligible for compensation at the end of the claims period
– The laws regarding the disclosure of information to potential buyers vary depending on the state or province. If you are planning on selling your home and have a Kitec System you should disclose this information.
* For full details of the lawsuit go to http://www.kitecsettlement.com/
* If you are not sure a house has piping related to the Kitec Lawsuit contact ACISS for a pipe inspection. 905-464-6967 or email aciss@sympatico.ca
Sutton Group Realty Systems Inc Brokerage
416-896-3333
http:/www.SuttonRealty.com
http://www.iTorontoCondos.ca

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