Wow, this home will impress!

Impeccably maintained larger 3+1 bedroom backsplit on lovely Langevin Cres in Centennial, Scarborough has an architect designed in-law suite.  

This Scarborough home for sale features gleaming hardwood floors, and large primary bedroom with walk-in closet & en-suite bathroom. Updated kitchen with white cabinetry & storage galore - including a pull out pantry & centre island with more storage. 

The architect designed basement in-law suite which is one of the nicest I've seen! No attention to detail spared; pot-lights, full size appliances, storage space & quality finishes.   Similar basement apartments rent in the area for around $1600.  Oversized garage with storage walls, parking for 3 cars.   

Why is this such a great neighborhood? The neighborhood of  Centennial, Scarborough is a quiet & safe neighbourhood near Port Union and Lake Ontario.  Sometimes referred to as West Rouge, or Port Union Village, this neighbourhood features good schools & only about 25 minutes downtown via the Rouge GO train.  If you're looking for a neighborhood with great community spirit, check it out!   

Are you a nature lover? You'll love the nearby bike trails along Lake Ontario waterfront and the Rouge National Urban Park.  Miles of trails lead to Morninside Park, UTSC & into Pickering.   Kayak & hike the Rouge National Urban park - a feature of this much loved neighbourhood. 

If you're a foodie, explore fantastic places like Lamanna's, Black Dog Pub, Azumi Sushi, the Six Social & more.  Famous neighbourhood institutions like  Shamrock Burgers & Amazing Teds (also the site of many TV & Movie sets!) will make you feel like home. 


Above average Home Inspection available upon request!  


1 minute video Tour of 14 Langevin


Explore all the homes for sale in the area here: 

Port Union Homes for Sale

West Rouge Homes for Sale

Highland Creek Homes for Sale

...

The Greater Toronto Area (GTA) housing market continued its adjustment to higher borrowing costs in September 2022. Sales for the month reached 5,038, but were down by 44.1 per cent compared to September 2021. New listings were also down on a year-over-year basis by 16.7 per cent to 11,237. This was the lowest number of new listings reported for the month of September since 2002. This is especially troublesome given that the stock of homes in the GTA increased markedly over the last 20 years.

 

We must ensure that the temporary dip in housing demand is not allowed to mask the critical shortage of homes available for sale in the GTA. Candidates running in the upcoming Ontario municipal elections must ensure home buyers and renters have adequate housing options in the years to come. Municipal council decisions have a direct impact on housing affordability, in terms of the protracted development approval processes, high development fees and other related policies that preclude timely housing development,= said TRREB President Kevin Crigger.


Elected councils must also reconsider existing policies that preclude homeowners from listing their homes for sale, including significant added upfront costs like the land transfer tax. Potential new policies like mandatory home energy audits could also create unnecessary interference and delays in the home selling process and dissuade some homeowners from listing their homes for sale,= said TRREB CEO John DiMichele. The MLS® Home Price Index (HPI) Composite benchmark was up on a year-over-year basis by 4.3 per cent. Over the same period of time, the average price dipped by 4.3 per cent to $1,086,762. The average price was up compared to August 2022.

Hovering just below $1.1 million, the average selling price may have found some support during the last couple months of summer. With new listings down quite substantially year-over-year and well-below historic norms, some home buyers are quite possibly experiencing tighter market conditions in some GTA neighbourhoods. October generally represents the peak of the fall market, so it will be important to see where price trends head over the next month,= said TRREB Chief Market Analyst Jason Mercer.


So what does all this mean?  As a realtor - my job is to interpret and analyze these numbers and know the local stats.  From discussing with my colleagues, speaking daily to buyers and sellers - in this short 2 minute video I share my top 3 insights:


...

Wherever you're buying a condo, whether it's a Toronto condo, a Scarborough Condo or a Condo in Durham, it's super important to do a walk through before closing to make sure the condition of the condo is the same as when you purchased it! 

Come join me as I walk through a condo purchased for a client & show you the steps we take in the final walk through (I've consolidated this into a quick 2 minute video, but this generally takes 1/2 hour to 1 hour depending on the size of the condo.

When do you do the pre-closing walk through? I generally advise to do these the week of closing, ideally after the occupant has moved out & with enough time to advise the seller & real estate lawyers should there be any deficiencies.  When you're looking for deficiencies, you are looking for things that will need to be repaired - like appliances not working, Missing window coverings or light fixtures, damage to floors or walls that was covered previously by furniture etc. 

What happens if somethings wrong?  Close to closing these can be done either with the co-operation of the other realtor and/or the lawyer.  You can discuss repairs, replacement or monetary credits.  You cannot arbitrarily decide not to close or hold back funds unilaterally (without the other side's agreement)

What condition should I expect?  The standard for any property on closing is what we call "broom swept condition".   Unless you have specified that the unit be professionally cleaned before closing in your contract, of course.  Broom swept means all personal possessions have been removed, and no garbage is left behind.  Generally cupboards and appliances are wiped down. 

The 9 most important things I check in a walk through: 

1. Make sure all items from the previous occupant have been removed 

2. Check the closets are cleared out.  

3. Check all the lights work (burned out bulbs don't count, the fixture has to work) 

4. Check all the blinds and window coverings that are included in the contract are there and in good working order 

5. Check that all the taps work, that the shower switches over from filler to shower and check that both hot and cold water are running.  Flush the toilets.  Check for leaks.

6. Check under all of the sinks to make sure there are no leaks 

7. Check that all the appliances are working 

8. On closing day, it’s super important to run a cycle in the dishwasher and washing machine to make sure they’re working. (We don’t have time to do that during an inspection) 

9. Check that the parking spot and locker are clean and clear! 



Be sure to check out my other videos about buying a condo in the Greater Toronto Area & subscribe to my channel for Real Estate Updates:

Tips on Choosing the best Condo for you!

Condo fees Explained

Red Flags in Condo Status Certificates

...


Hi, here is my monthly real estate market update with information on house prices in Toronto and insight into what’s happening in the market right now.  As well, I am launching some exciting events right into the fall – scroll to the bottom of this post for details and how to participate!

You have probably seen tons of news articles on what is happening right now in the real estate market in Toronto, a lot of the information you’re seeing is confusing!   LOTS of people are under the impression that prices have fallen 45% - that’s simply NOT TRUE! 

What’s really going on? 3 key things:

1. The number of sales are down 45% versus last year. This refers to the number of real estate transactions, not prices!   However, this is a 2 year low for our market, and considering the past 2 years were definitely affected by Covid, this is an interesting fact.  Some of this is being caused by the interest rate hike in June, which pushed some buyers to the sidelines as their purchasing power and qualification criteria were affected.    

Other buyers are just enjoying the summer and will put their minds back into real estate come fall.   Buyers are approaching the home buying process with extreme caution right now, making careful decisions and often making offers that are reflective of where they think the market will be in a few months.

2. As a result of the interest rate hikes and slow sales, prices have dropped in many regions. For homes hovering around the million mark & above - in some areas we’ve seen drops of hundreds of thousands of dollars in home values since the spring peak.  And this price drop has affected areas outside of the GTA the most.   Remember, the interest increases mean that consumer affordability has decreased, despite price drops in many areas. 

Traditionally the summer sees a slowdown in real estate sales, with peaks in Spring & Fall.   

3. Prices will likely continue to remain soft in the fall.  There will be another rate increase at the beginning of September - likely around September 7.  The mortgage professionals I spoke to anticipate this will be a lower hike than in June, when interest rates increased 1%. 

As I mentioned before, the fall market usually brings more inventory (and buyers) this fall we may also see additional inventory in the form of sellers who didn’t sell in the summer and took their homes off the market, and the homes where the buyers purchased in the aggressive spring market then couldn’t close.   This, combined with the increased inventory we usually see in the fall will likely result in prices falling more.  


FALL EVENT ANNOUNCEMENT:  

This year I’m planning quite a few exciting events!    Some are live and some are virtual – here’s a sneak peek:

1. First time home buyer seminar: August 23, 6:00 pm.  Sign up here:  FIRST HOME WEBINAR

2. Downsizing seminar series - end of September sign up here: GET READY TO DOWNSIZE

3. Community Shredding event October 22 (Scarborough) Sign up here: COMMUNITY SHREDDING EVENT

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Recent Blog Posts

Wow, this home will impress!

Impeccably maintained larger 3+1 bedroom backsplit on lovely Langevin Cres in Centennial, Scarborough has an architect designed in-law suite.  

This Scarborough home for sale features gleaming hardwood floors, and large primary bedroom with walk-in closet & en-suite bathroom. Updated kitchen with white cabinetry & storage galore - including a pull out pantry & centre island with more storage. 

The architect designed basement in-law suite which is one of the nicest I've seen! No attention to detail spared; pot-lights, full size appliances, storage space & quality finishes.   Similar basement apartments rent in the area for around $1600.  Oversized garage with storage walls, parking for 3 cars.   

Why is this such a great neighborhood? The neighborhood of  Centennial, Scarborough is a quiet & safe neighbourhood near Port Union and Lake Ontario.  Sometimes referred to as West Rouge, or Port Union Village, this neighbourhood features good schools & only about 25 minutes downtown via the Rouge GO train.  If you're looking for a neighborhood with great community spirit, check it out!   

Are you a nature lover? You'll love the nearby bike trails along Lake Ontario waterfront and the Rouge National Urban Park.  Miles of trails lead to Morninside Park, UTSC & into Pickering.   Kayak & hike the Rouge National Urban park - a feature of this much loved neighbourhood. 

If you're a foodie, explore fantastic places like Lamanna's, Black Dog Pub, Azumi Sushi, the Six Social & more.  Famous neighbourhood institutions like  Shamrock Burgers & Amazing Teds (also the site of many TV & Movie sets!) will make you feel like home. 


Above average Home Inspection available upon request!  


1 minute video Tour of 14 Langevin


Explore all the homes for sale in the area here: 

Port Union Homes for Sale

West Rouge Homes for Sale

Highland Creek Homes for Sale

...

The Greater Toronto Area (GTA) housing market continued its adjustment to higher borrowing costs in September 2022. Sales for the month reached 5,038, but were down by 44.1 per cent compared to September 2021. New listings were also down on a year-over-year basis by 16.7 per cent to 11,237. This was the lowest number of new listings reported for the month of September since 2002. This is especially troublesome given that the stock of homes in the GTA increased markedly over the last 20 years.

 

We must ensure that the temporary dip in housing demand is not allowed to mask the critical shortage of homes available for sale in the GTA. Candidates running in the upcoming Ontario municipal elections must ensure home buyers and renters have adequate housing options in the years to come. Municipal council decisions have a direct impact on housing affordability, in terms of the protracted development approval processes, high development fees and other related policies that preclude timely housing development,= said TRREB President Kevin Crigger.


Elected councils must also reconsider existing policies that preclude homeowners from listing their homes for sale, including significant added upfront costs like the land transfer tax. Potential new policies like mandatory home energy audits could also create unnecessary interference and delays in the home selling process and dissuade some homeowners from listing their homes for sale,= said TRREB CEO John DiMichele. The MLS® Home Price Index (HPI) Composite benchmark was up on a year-over-year basis by 4.3 per cent. Over the same period of time, the average price dipped by 4.3 per cent to $1,086,762. The average price was up compared to August 2022.

Hovering just below $1.1 million, the average selling price may have found some support during the last couple months of summer. With new listings down quite substantially year-over-year and well-below historic norms, some home buyers are quite possibly experiencing tighter market conditions in some GTA neighbourhoods. October generally represents the peak of the fall market, so it will be important to see where price trends head over the next month,= said TRREB Chief Market Analyst Jason Mercer.


So what does all this mean?  As a realtor - my job is to interpret and analyze these numbers and know the local stats.  From discussing with my colleagues, speaking daily to buyers and sellers - in this short 2 minute video I share my top 3 insights:


...

Wherever you're buying a condo, whether it's a Toronto condo, a Scarborough Condo or a Condo in Durham, it's super important to do a walk through before closing to make sure the condition of the condo is the same as when you purchased it! 

Come join me as I walk through a condo purchased for a client & show you the steps we take in the final walk through (I've consolidated this into a quick 2 minute video, but this generally takes 1/2 hour to 1 hour depending on the size of the condo.

When do you do the pre-closing walk through? I generally advise to do these the week of closing, ideally after the occupant has moved out & with enough time to advise the seller & real estate lawyers should there be any deficiencies.  When you're looking for deficiencies, you are looking for things that will need to be repaired - like appliances not working, Missing window coverings or light fixtures, damage to floors or walls that was covered previously by furniture etc. 

What happens if somethings wrong?  Close to closing these can be done either with the co-operation of the other realtor and/or the lawyer.  You can discuss repairs, replacement or monetary credits.  You cannot arbitrarily decide not to close or hold back funds unilaterally (without the other side's agreement)

What condition should I expect?  The standard for any property on closing is what we call "broom swept condition".   Unless you have specified that the unit be professionally cleaned before closing in your contract, of course.  Broom swept means all personal possessions have been removed, and no garbage is left behind.  Generally cupboards and appliances are wiped down. 

The 9 most important things I check in a walk through: 

1. Make sure all items from the previous occupant have been removed 

2. Check the closets are cleared out.  

3. Check all the lights work (burned out bulbs don't count, the fixture has to work) 

4. Check all the blinds and window coverings that are included in the contract are there and in good working order 

5. Check that all the taps work, that the shower switches over from filler to shower and check that both hot and cold water are running.  Flush the toilets.  Check for leaks.

6. Check under all of the sinks to make sure there are no leaks 

7. Check that all the appliances are working 

8. On closing day, it’s super important to run a cycle in the dishwasher and washing machine to make sure they’re working. (We don’t have time to do that during an inspection) 

9. Check that the parking spot and locker are clean and clear! 



Be sure to check out my other videos about buying a condo in the Greater Toronto Area & subscribe to my channel for Real Estate Updates:

Tips on Choosing the best Condo for you!

Condo fees Explained

Red Flags in Condo Status Certificates

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2
3
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