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Urbaneer News

// June 2019

91

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If you are a fan of Summer, then June is exhilarating! It’s when the light-filled days reach their peak, when the air is fragrant with the aroma of fresh blooms, and the entire summer is laid out before you! It’s as much about the season and the weather as it is about the possibility of how you can use it. Leisure and laughter await! Happy June!

Homewatch News: How To Navigate A Move Up The Property Ladder

Did you purchase what you thought was your 'forever home', only to realize you want an upgrade? Or did you always plan to build equity in your current home with the intention of climbing the next rung on the property ladder? Whatever the case, if your current home is no longer able to accommodate your needs - and your renovation options have been expended - this piece will help better prepare you for being homeowners who are also becoming house hunters! Clearly, the madness of the property market in Toronto over the past decade has, among other things, changed the shape and direction of the traditional property ladder.
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Blog Posts

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Toronto’s Booming Technology Economy And Our Real Estate Market

Toronto is ranked as one of the most livable cities in the world - and, more recently, one of the fastest growing in North America. As a young city (and country for that matter), we're like an adorable toddler undergoing a formative growth spurt! As the globe shifts into one firmly rooted in the new post-industrial economies, Toronto is increasingly a hot spot for tech development and investment, mostly because we're on the zeitgeist of everything NOW. We're young, liberated, progressive, inclusive, tolerant, multi-cultural, forward-thinking, engaged, polite, respectful, competitive, fair and on the cutting edge of mood.

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Single And Home Hunting In Toronto

Are you an independent, self-fulfilled, pro-solo person? Single households are on the rise in Canada. Whether from divorce, death, or by choice, single households now outnumber other demographic groups. According to the most recent census from Stats Canada, single households now comprise just over 28 per cent of the population. This figure has doubled in the last 35 years. And another telling fact - singletons are incredibly diverse - ranging in age, occupation and sex. Stats Canada has also found the rate of single households has increased most rapidly in the age group of 35 to 64 years. There are several associated trends that accompany an increase in singletons. Canadian Housing has not only evolved over time to match tastes, trends, and technology, but also to reflect socio-economic and demographic shifts.

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Dear Urbaneer: How Can Millennials Possibly Afford To Buy Real Estate?

There is no question there are abundant challenges for millennials hoping to own a home in a pricey market like Toronto. There appear to be obstacles seemingly coming from all angles. Millennials are heavily laden with student debt that previous generations haven’t had to deal with to the same degree, which is already taking a bite out of their cash flow. This, in turn, is creating challenges in being able to amass the savings needed for even the minimum down payment. There's also the problem with a lack of available supply, given statistics show more and more Baby Boomers are choosing to stay in their homes and age-in-place, which is causing a backlog in the property ladder progression. And as if all of this wasn’t challenging enough, the introduction of more stringent lending policies have placed another potential barrier in the way of home ownership. It really does seem like the housing odds are stacked against the millennials.

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June 2019 - Home Of The Month - Wallace Emerson

This month's tale focuses on the purchase by the daughter of Urbaneer clients, who was ready to take the homeownership plunge and buy her first dwelling in Toronto. Given she had witnessed first-hand her parents efforts to secure property near Bloor and Christie two-years-earlier, she was already primed for the intensity endemic to specific freehold housing properties in the central core of the city. Trust me, sleuthing for a house in this price point requires you to be fully committed to dropping whatever you're doing to see a house within hours of it coming to market. You also have to become accustomed to having your realtor gently tell you that the dwelling listed for $999,000 is likely to spike into a range that is beyond your budget, and that there will be times when you're so exhausted and fatigued from being consistently knocked out in the bidding war you will want to give up.

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Latest Listings

A Hide ‘N Seek Sanctuary In The Beach

Offered at $1,799,000

You know you are in for something impressive when the lengthy list of a home’s features read like chapters in a riveting "I can't put this down" novel! This makes sense when you consider the custom tailoring that has transformed 160 Kenilworth Avenue into a bespoke residence. Originally constructed in 1929, this handsome Edwardian residence evokes the English charm of an enchanting fairy tale. Perched at the end of the fork in the road at the top of the hill on the dead end cul-de-sac portion of Kenilworth Avenue, this hidden oasis is tucked amidst a copse of mature trees. In fact, it's almost like a 'secret garden', Substantially transformed over the past 16 years, from the front door the entertainment space unfolds into a series of articulated zones for living spanning almost fifty feet in length.

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Quintessential Lakeside Living On Queens Quay West

Offered at $1,295,000

Suite 318E is a rarely offered 2 bed, 2 bath suite which features an intelligent space plan, excellent proportion and scale, and both south and north exposures. Comprising 1293 square feet of interior living space, plus an additional 183 square feet of outdoor living space (the unit is one of only six in the complex with a covered south facing balcony and an open city vista terrace), this contemporary suite has been thoughtfully renovated with quality fixtures and fittings! This suite enters into well-proportioned foyer of polished stone that extends into a generous gallery ideal for those seeking a feature wall for their art collection. An expansive closet offers storage for all your coats and gear, and its mirrored doors provide the convenience of executing the always essential head-to-toe wardrobe check before you head out the door. A 3-piece washroom - located off this gallery discreetly away from the entertainment area - is unusually spacious, features a large window, and has been tastefully upgraded including a dazzling eye-catching glass bowl sink.

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At urbaneer.com, we pro-actively position properties, relying on our deep skill set. With a multi-disciplinary education on housing, over twenty years of real estate sales, and a commitment to service, consider making urbaneer.com your realtor of choice! Call us for hassle-free pressure-free guidance at 416-322-8000. We're here to earn your trust, then your business.

Steven Fudge, Sales Representative
Bosley Real Estate Ltd., Brokerage

 

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Bosley Real Estate Ltd., Brokerage, 290 Merton Street, Toronto, ON Canada, M4S 1P9
Tel: (416) 322-8000