Thursday, February 21, 2013

Parker E-News: Public Meeting Regarding 262 Bessborough Drive

From:   John Parker
            Toronto City Councillor
            Ward 26 - Don Valley West

The prominent red brick farmhouse at the top end of Bessborough Drive (immediately south of the high school) has recently changed hands.

The new owner proposes to remove the north and south wings of the existing dwelling, restore the front and sides of the original structure, and move it to a location closer to the front of the property.

The new owner also intends to sever the north and south portions of the property to create a total of three lots, each somewhat more than thirty feet in width. Each proposed new lot conforms to existing bylaw provisions.

The existing dwelling would occupy the middle lot. The new owner proposes to build one new dwelling on each of the other two new lots.

It is to be noted that the existing dwelling has been "listed" - but not fully "designated" - under Part IV of the Ontario Heritage Act. The wings to be removed were added to the original structure some years after the original structure was built.

It is also to be noted that the proposal includes the removal of at least one large mature tree and the contribution of a number of new trees.

At my request, the new owner has agreed to host a public meeting at the Leaside Library next Wednesday to make its plans known to the community. The attached flyer in that connection is to be distributed to homes in the immediate vicinity.

Meeting particulars are;

Leaside Library, 165 McRae Drive
Wednesday 27 February 2013
Start time: 7:00 pm
End time: 8:30 pm

Please note that this proposal does not involve an application to rezone the property and no application of any sort has been submitted to the City. 

This is not a mandatory meeting under any rule. It is strictly an information session for the benefit of interested members of the community.

Tuesday, February 5, 2013

Positive Start to 2013

TORONTO, February 5, 2013 – Greater Toronto Area REALTORS® reported 4,375 transactions through the TorontoMLS system in January 2013. This number represented a slight decline compared to 4,432 transactions reported in January 2012.

“The January sales figures represent a good start to 2013. While the number of transactions was down slightly compared to last year, the rate of decline was much less than what was experienced in the second half of 2012. This suggests that some buyers, who put their decision to purchase on hold last year due to stricter mortgage lending guidelines, are once again becoming active in the market,” said Toronto Real Estate Board (TREB) President Ann Hannah.

“It is interesting to note that sales were up for many home types in the GTA regions surrounding the City of Toronto. This is due, at least in part, to the additional upfront land transfer tax in the City of Toronto,” added Ms. Hannah. The average selling price for January 2013 sales was $482,648 – up by 4.3 per cent compared to $462,655 in January 2012. The MLS® Home Price Index (HPI) Composite Benchmark price was up by 3.8 per cent over the same period.

“There will be enough competition between buyers in the marketplace to prompt continued growth in home prices in 2013. Expect annual average price growth in the three to five per cent range this year,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

To read the full report, please visit: http://www.bonniebyford.com/mw1301.pdf