Friday, February 24, 2017

NEW LISTING! Ready-to-go restaurant in The Beach!

(Available for lease) "PRIME BEACH LOCATION!" 30 ft frontage! High pedestrian traffic! North side of Queen -- sunny side of the street! Fold-away front windows for al-fresco style dining in the summer! This former restaurant is renovated and ready to move in! Warm wood-grain flooring, exposed brick, decorative ceiling, excellent lighting + **Municipal License & Liquor License In Place**. Approx 2300 sqft. on main floor + full basement with office area, walk-in fridge & freezer, large prep area. Available immediately.

Visit our Properties Page for more info!

NEW LISTING! 3 bedroom South Leaside Semi!

(Available for Lease) Smart 3 bedroom semi with open plan main floor! Modern kitchen, finished basement with 3 piece bathroom! Excellent schools: Rolph Road, Bessborough + Leaside High! Easy access to TTC, great shopping, library and recreational facilities! (No smoking, no pets please.)

Visit our Properties Page for more info!

Friday, February 3, 2017

MARKET WATCH: Strong Start to 2017

TORONTO, February 3, 2017 -- Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 5,188 residential transactions through TREB's MLS® System in January 2017. This result was up by 11.8 per cent compared to 4,640 sales reported in January 2016. Annual rates of sales growth were higher for condominium apartments than for low-rise home types.

January 2017 picked up where 2016 left off: sales were up on a year-over-year basis while the number of new listings was down by double-digit annual rates for most major home types.

"Home ownership continues to be a great investment and remains very important to the majority of GTA households. As we move through 2017, we expect the demand for ownership housing to remain strong, including demand from first-time buyers who, according to a recent Ipsos survey, could account for more than half of transactions this year. However, many of these would-be buyers will have problems finding a home that meets their needs in a market with very little inventory," said Cerqua.

The MLS® Home Price Index (HPI) Composite Benchmark price was up by 21.8 per cent on a year-over-year basis in January. Similarly, over the same period, the average selling price was up by 22.3 per cent to $770,745, with double-digit gains in the average prices for all major home types.

"The number of active listings on TREB's MLS® System at the end of January was essentially half of what was reported as available at the same time last year. That statistic, on its own, tells us that there is a serious supply problem in the GTA – a problem that will continue to play itself out in 2017. The result will be very strong price growth for all home types again this year," said Jason Mercer, TREB's Director of Market Analysis.

To read the full report, please visit: http://www.bonniebyford.com/mw1701.pdf

Thursday, February 2, 2017

Pilot mediation program launched to resolve disputes on minor variance and consent applications in Toronto

City of Toronto Media Relations has issued the following:
==========================================

News Release                 

February 2, 2017
 
Pilot mediation program launched to resolve disputes on minor variance
and consent applications in Toronto

The City of Toronto is launching a city-wide Mediation Pilot Program today to assist in resolving disputes for minor variance and consent applications being considered by the Committee of Adjustment.

This free program strives to assist disputing parties in reaching a voluntary, mutually-acceptable solution for some or all of the issues in dispute. The program is intended to help foster a collaborative process with neighbours as well as to reduce costs, provide access to neutral professional expertise and increase the likelihood of a settlement.

"Toronto is investing in providing smart and efficient City services that respond to Torontonians' needs," said Mayor John Tory. "The hope is that through the Mediation Pilot Program, residents can resolve disputes quicker and at reduced costs – and reduce the number of appeals."

"The planning process can be overwhelming. Residents concerned about minor variances or consents may not have the experience or financial resources to challenge lawyers and planners hired by applicants," said Councillor David Shiner (Ward 24 Willowdale), Chair of the Planning and Growth Management Committee. "I am hoping that mediation will provide an opportunity for neighbours to get professional assistance and avoid expensive appeals."

The mediation sessions will be conducted by a neutral third-party mediator and a neutral, experienced professional planner with knowledge of the City's Official Plan and zoning bylaws, including applicable minor variance and consent legislation. The Committee of Adjustment renders the final decision and is not bound by the mediated agreement.

The program will roll out across the city and will be available through the Committee of Adjustment starting with North York on February 9, followed by Toronto and East York on February 15, Scarborough on February 16, and Etobicoke and York on February 23.

More information about the Mediation Pilot Program is available at http://www.toronto.ca/cofa.

This news release is also available on the City's website: http://bit.ly/2kXhr44

Toronto is Canada's largest city, the fourth largest in North America, and home to a diverse population of about 2.8 million people. It is a global centre for business, finance, arts and culture and is consistently ranked one of the world's most livable cities. In 2017, Toronto will honour Canada's 150th birthday with "TO Canada with Love," a year-long program of celebrations, commemorations and exhibitions. For information on non-emergency City services and programs, Toronto residents, businesses and visitors can visit http://www.toronto.ca, call 311, 24 hours a day, 7 days a week, or follow us on Twitter at http://www.twitter.com/TorontoComms and on Instagram at http://www.instagram.com/cityofto.


Media contact: Cheryl San Juan, Strategic Communications, 416-397-5305, cheryl.sanjuan@toronto.ca