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 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    

 

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Sutton Realty Open Houses Oct 26-27th

Amazing Open Houses To Check Out This Weekend!

 

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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
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http:/www.SuttonRealty.com
http://www.iTorontoCondos.ca

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Looking To Downsize Your Home? We Can Help!

In The Market To Downsize Your Home? This Could Mean For Greater Savings & Financial Opportunites!

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Has Your Toronto House Prices Increased In The Last Five Years?

According to an analysis Zoocasa did on detached and semi-detached housing prices in Toronto, the average house prices have doubled in two neighbourhoods, while 16 out of 35 neighbourhoods’ prices have increased by at least 50% or more in over five years.

 

If you already own a home or condominium in Toronto, it continues to be a great investment.

A new survey found that homes in two neighbourhoods and in eight condos have increased by more than 100 per cent in five years.

The survey by real estate website Zoocasa used data from the Toronto Real Estate Board to check how much how much prices have gone up between July 2014 and July 2019. Toronto house prices in 2014 were on average just over $821,198, and now the average price is $1,167,968. That’s an increase of 42 per cent.

As detached and semi-detached homes become out of reach for many home buyers, the condo market continues to be a hot spot for Toronto real estate. Condo prices five years ago were on average were $379,002.

The average across the city this year is $627,927, an increase of 66 per cent.

Penelope Graham, Zoocasa’s Managing Editor, says the fact that many people can’t afford a detached home in Toronto is driving the increase in condo sales.

“Five years ago, if you had a budget of $700,000, you were a house buyer, but now we have more competition in the condo segment,” Graham said.

With real estate, it’s all about location. House prices more than doubled in the neighbourhoods of Forest Hill, Oakwood Village, Regent Park, St. James Town and Corktown. Condo prices increased in eight zones across the city, including West Hill, Centennial Scarborough, Scarborough Village, Guildwood and Malvern Rouge.

The rising prices may be frustrating first time home buyers, but Zoocasa says there are still deals to be found.

“These are averages, so there will always be some higher than the average and lower than the average” said Graham.

Condos in Toronto’s downtown core and those close to public transit were the most sought after with prices between $500,000 and $700,000.

https://toronto.ctvnews.ca/some-toronto-homes-and-condos-double-in-price-in-5-years-1.4561632

 

How Much Has Your Home’s Value Increased In The Last Five Years? Call Your Sutton Neighbourhood Realtor For A Free Home Evaluation At 416-896-3333!