Thursday, July 5, 2018

Friends of Humber Bay Shore Business Directory

Business Quick Links now pinned (see comment for details))
Bird’s & Beans
Cocoa Boulangerie
Eden Trattoria
Everest Hakka House (Chinese cuisine)
FBI Pizza
Firkin on the Bay
Krazy Roll
Lolas' Gelato
Mamma Fortino’s
Mandarin Etobicoke Oro di Napoli (pizzeria)
Oro di Napoli (pizzeria)
Rocco Restaurant & Bar
Williams Catering
Alive Yoga
Amoena at Solace Citrus Medical Centre
Dentistry by the Lake
Fitness on the Go (personal training) Humber Bay Eye Care
Humber Bay Physio
Kingsway Health By-The-Lake Mimico Creek Dental
Orangetheory Fitness
Tai Chi and Qi Gong with Robert
Tamara Solace
SALONS (Hair & Beauty)
All In One Beauty Lounge
Brow Boutique
Distinguished Gents Barbershop
Extasis Extensions (lashes & brows)
Onyx Salon & Spa
Radiance Spa
Sarah Suchlandt
PETS (Walking. Grooming, Supplies etc.)
Humber Bay Dog Walking Bay Veterinary Hospital
Ma N’ Paws (dog walking)
Pet Pointe Pet Store
Play n Stay (dog boarding)
Suzette Castro (Fine Art-Portraits)
eMacity Leads marketing (Chris Moakler)
Etobicoke Yacht Club (junior sail)
Frank Horvat (pianno lessons) Golden Eagle Basket Club Humber Bay Boat Adventures
Ivanka Ljubicic Drafting & Design
Marko Djukic (lawyer serving S. Etobicoke)
Mary Bella (web design)
Mimico Cruising Club
Page One Marketing (Wayne Preston)
Randy Barba photographer
RenDeck (builds decks)
Royal Flower Design
Studio Connect

Veronica Thompson (mortgage broker)

David Pylyp Accredited Senior Agent

Satori Living (home staging)

Friday, November 10, 2017

Sometimes, Garth Turner is very right

Love him or hate him, Garth Turner does make some very good points in this blog post about where we are with the Toronto and Vancouver real estate markets.  @GarthTurner 

Imagine your disappointment at finally being able to buy a second investment property for your ageing Self, to come to town to your medical appointments or use in town when you’re going to go to the theatre only to have the government tell you that you have to pay a vacancy tax on the unit.

I agree with Garth Turner's  perspective in this article, that it is indeed punitive to punish people for investing in a secondary unit. We also added [ONTARIO] strict landlord tenant increase restrictions.

The government has not kept pace with providing for seniors in their elder years and have laid waste many pensions,raided by corporations for their cash values or diverted saving to pay creditors, so there is a great need for individuals to plan and save for their future retirement where the current government wants to look after everything for us. Sometimes, Garth Turner is very right.
People who bought personal-use properties, paid market value, shoveled out closing costs and foot ongoing property tax and financing charges are now looking at a staggering tax just for staying there less than 50% of the time. The tax also casts them as social pariah when, in fact, it’s the opposite. A guy living part-time in his Yaletown condo is shelling out the same money for occasional use of city services as the family of four living one floor below who suck up much more. He pays 100% of the tax and yet draws 50% less.

In two circumstances, this article does not go far enough first to discuss the mortgage interest rate differential that will eliminate many buyers from the marketplace by having to qualify at a POSTED rate of 5.5% while actually getting a rate of three or 3.5 on the mortgage over 25 years.

The second issue is the lack of tax revenues for the Ontario government and especially the City of Toronto Municipal government for the land transfer tax that is charged to secondary buyers. If they are not buying a property, the city is not making the taxes and indeed the market is  down over 25% in activity versus last year. This will be reflected in the property tax revenues that the city has available to pay for services that it provides to it's residents next year. We have yet to hear how much the shortfall in revenues is from the actual forecast maybe,  Sue Ann Levy  can shed some better light  @sueannelevy 

What do you think?

Are you making a move this year? 

Tuesday, November 7, 2017

Searching Topics by Keyword #askPylyp

Search West Toronto GTA Real estate Topics by Title or Topic

If you cannot find what you are looking for 

#askPylyp   and I will make an effort to find your answer.


Monday, November 6, 2017

Realtor embraces 3D Viewing with Matterport

The typical Realtor understands the power of video and 3D Tours but will not invest in the equipment or even a photographer. Just looking at pictures on the MLS proves my point.

This Camera has changed how I market Homes. It increases engagement 4 times.

Click on Home page image for 360 °   view

#Matterport #Toronto

Call for your Matterport Tour or to List your home in Toronto GTA
Attract the Right Buyers.
Get the most money possible.

Sleep better because it was done right.

David Pylyp

Friday, October 27, 2017

Teach Financing Obligations; Pay your credit cards

“The stigma, shame and embarrassment of being financially unwell often prevents people from taking action to address and overcome these issues. We believe that the (personal counselling) industry as a whole has a bigger role to play in helping remove these stigmas. Only once an individual is comfortable discussing their own money problems, can they begin to take steps to address them.”  Garth Turner 

ttp:// B4 Jan 1.

Wednesday, October 18, 2017

New Mortgage Rules Eff Jan 1, 2018

The new mortgage rules will now make it harder for those with bigger down payments to qualify than applicants with less than 20% down payment. New rules take effect Jan 1, 2018

OSFI is setting a new minimum qualifying rate, or “stress test,” for uninsured mortgages.
  • Guideline B-20 now requires the minimum qualifying rate for uninsured mortgages to be the greater of the five-year benchmark rate published by the Bank of Canada or the contractual mortgage rate +2%.
OSFI is requiring lenders to enhance their loan-to-value (LTV) measurement and limits so they will be dynamic and responsive to risk.
  • Under the final Guideline, federally regulated financial institutions must establish and adhere to appropriate LTV ratio limits that are reflective of risk and are updated as housing markets and the economic environment evolve.
OSFI is placing restrictions on certain lending arrangements that are designed, or appear designed to circumvent LTV limits.

  • A federally regulated financial institution is prohibited from arranging with another lender a mortgage, or a combination of a mortgage and other lending products, in any form that circumvents the institution’s maximum LTV ratio or other limits in its residential mortgage underwriting policy, or any requirements established by law.

This will COOL the Toronto Real estate market further;

  • as buyers struggle to qualify
  • Sellers are unable to sell their homes
  • Interest Rates Increase
  • Inventory is still reducing
Credit Union business will blossom.

Schedule B Lenders?

The unintended consequences are your ability to re negotiate a Mortgage Renewal with your lender. 

If you are seeking a better rate you are required to discharge and resign legals, register on title BUT you will need to re QUALIFY  with the new lender.

This will give lenders an opportunity to profit. 

What do you think? 

Call me 647 218 2414 

Monday, October 16, 2017

Technology Aids and Living at Home

If you ask anyone where they would like to live when older, most would say that they want to remain living in their own homes- for as long as possible. What does ‘for as long as possible’ mean? Most times in means that the older individual is able to remain...

 I could not have imagined a jar opener like this and here it is 

We are staying in our homes longer than ever.  

When you are ready 

David Pylyp
Accredited Senior Agent