1926 Lake Shore Blvd West, Toronto

Four Points Sheraton

1926 Lake Shore is the Lake front Hotel location at Windermere and Lake Shore Blvd., W.  The Hotel closed its doors October 15th.

Carttera's Urban Intensification Fund 2 acquires development site at 1926 Lake Shore Boulevard West, Toronto.

November 2012 Carttera's Urban Intensification Fund 2 recently acquired a 1.1 acre site located at 1926 Lake Shore Boulevard West in Toronto. This site fronts onto Sunnyside Park and has spectacular views of Lake Ontario, High Park and downtown Toronto. Carttera plans to redevelop the site as a residential condominium. 

http://www.carttera.com/whatsnew.cfm Carttera - What's New www.carttera.com 

1926 LAKE SHORE BLVD W OPA / Rezoning 13 125924 WET 13 OZ Ward 13 - Etob. York Feb 27, 2013 --- --- --- --- Proposed amendments to the Zoning By-Law to permit the development of 2 residential towers with heights of 42 and 48 stories connected by a 4 storey podium. A residential gross floor area of 78,625 sq m is proposed. The building will contain a total of 847 units, 613 parking spaces below grade, and 248 above grade.

Stand by for further updates...


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Lets start by making a plan for where you want to be. Call me at 647 218 2414

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Land Transfer Tax makes RED HOT impact on Toronto Real Estate

The sales are up? The sales are down? Prices are falling? Who says? Are there more listings?

Lets look at the details;

There were 2,081 sales of detached homes in the Toronto GTA that encompasses the Toronto real Estate Board.   In case you missed the details, 3 times as many home buyers selected a home in the 905 rather than the 416.  This same ratio continues in all categories except condos. If there was ever a more glaring example of inequity it is the ADDITIONAL Land Transfer Tax. Previous conversations; CD HOWE reports on Land Transfer Tax Impact 

Lets examine the AVERAGE DOLLARS

I am not a statistician but average means AVERAGE. The average house sale in Toronto was up 2.7% for a sale price of $ 765,000 on 502 units.  [ Before everyone gets on a TITHER on t How can people afford a house program just check out this link...   http://www.canequity.com/ontario/toronto-mortgages.htm  Average is actually $270K ]   Sales in the 905 were TRIPLE for the same period and their prices increased 6.8%

So when people say: Is the market up or down?

We can say condo prices in Toronto are down almost 5% over last year but prices have adjusted only by One Percent. Detached homes are up 4.8%  SO really there was no change at all. The number of listings has been slow to feed the demand of Toronto Home Shoppers and we will continue to see Bidding Wars.  

Ready to get started?  Teaching your child to ride their bicycle inside the underground parking garage or in the hallway is not the same as being on the street in front of your own home.

Give me a call. I'll help you pick the street.

Does your CONDO use Hotel style Access Cards?

Key Card Access

The concept is simple enough. Technology allows a card (plastic card with magnetic strip) to provide temporary or authorized access to a suite door. The security is good, cards are unique but unmarked. If they are lost or stolen they have no markings that identify their origin.  They cannot be duplicated without authorization and the correct (computer program) device. 

If you are locked out or lost your keys, the concierge staff could provide access and then you merely reorder a replacement door key.

This has obvious advantages for rental properties as keys are passed from tenant to tenant over a number of years and potentially dozens could be in play.  Using cards makes them annually renewable and provides the security of deactivating a number of cards remotely.

When a Suite is placed for Lease or Sale; typically owners provide the key for the CANADA POST mailbox to use in a lockbox (held at Concierge Desk). Agents [THEY] open your mailbox and retrieve the access card. This creates an opportunity for "OTHERS" to read your mail and it could adversely impede your negotiation position. 

Please consider providing and using a FOB. This eliminates one entire step to assist REALTOR showings and still protects your privacy. The Fob is generally programmed for the suite and all common area doors; Gym, Party Room, Billiards etc.

The key itself is maintained in the lock box and Nosey Nellie is not reading your mail.

DEMAND to have your offer presented in person

You are selling your house.. I want to present my offer in person... 
Why? I represent the interests of the Toronto BUYER and I want to ask these simple questions. 



Was this house every used for Notorious means? Death, Grow Op, Drug House? What else is on this street? REALTORs are required under the Real Estate and Business Brokers Act [REBBA] to disclose any “material facts” that could affect the value of a property, including a murder, suicide or suspicious death. Is there anything in this house that would negatively impact my buying decision? Is there anything on or in the YARD of your property that impacts my decision? Maybe a buried Oil tank or septic bed? Is there anything happening in the neighbourhood that should be aware of when considering your home? I should know about new hydro towers, wind turbines. Buying a house is not just sending in a FAX or email Offer. Its getting all the answers so you can make an informed decision Call me 416 233 9000

Are you really my client or just a customer

When you call on a FOR SALE sign; that agent is under contract with the seller of that house.  Where did you get the idea that they own you anything when negotiating, or negotiating for you at all?

Here is a clear and concise explanation of Buyers Agency and Representation from RECO  [Real Estate Council of Ontario]


When working with an agent to show you Homes in Toronto, they have a clear obligation to show you all the homes that are suitable and in your price range. Will they skip some?   Sure.  Those that are listed 5 times and still over priced, grow houses, poor locational placement on the street, dis repair, deferred maintenance and problematic sellers.  Or do we WANT look at all 19,000 listings?

Ready to start your home search?

http://HomeswestToronto.tumblr.com/mobile

You can start here.

Toronto Condos Return Profit on Investment

Tell me again about the ACTUAL Rate of Return in Toronto condo and real estate market.  By leveraging your 20% or 30% down you can have a return on your entire portfolio value.

Where would you like to put your investment in the GTA's continuing real estate market? 

Just be careful what you buy...   http://www.buyinginToronto.ca  Get informed advice. 

Maybe you would like to conduct your own search. http://homeswesttoronto.tumblr.com/mobile

How can I help you?  416 233 9000

Never (Ever!) Offer a Distressed Seller This…

You have all seen the flyers  left on someone's door explaining that (he) was a real estate investor, could buy his house, pay cash and close quickly. Unimaginative, I know, but effective.

Jack was behind on his mortgage and needed help, Quickly. The POWER OF SALE Eviction date was less than a week away. I knew this because, desperate and out of options, he called after finding the bright yellow letter.

I was a little nervous to meet with him. After all, Jack had over $80,000 in equity in his home. He had procrastinated in dealing with his situation for so long but with careful negotiation he could score himself a home run.

As we sat at his kitchen table, Jack described his financial situation. He was disabled from a previous job and living off the insurance. Some unexpected expenses came up and he couldn't pay his mortgage. He got behind and just couldn't seem to catch up. Sad, but not uncommon. I’d heard many stories like his before. I listened carefully and told him I understood.

There are still some options even at this stage;  Legal involvement in your situation, refinancing your program and getting you on your feet or simply to move out.

Controlling your own sale permits you the option of redemption until the Banks Sale goes through. Your mortgage holder will be reimbursed in this order

• The Condo Maintenance Fees
• Municipal Property Taxes
• Lawyers fees
• Sale Expenses
• Interest Expenses
• Then the balance is paid to principal

Now you are responsible for the deficiency (remaining) balance. That's what power of sale means. The Power of Sale Demand Notice is for both possession and the balance outstanding. In Canada when a property is foreclosed upon a Lender takes control of the Asset ( It now becomes their asset ) 

Veronica Thompson is a licensed Mortgage Broker providing First and Second Mortgages, Refinance approvals plus We can provide solutions to your money problems quickly. Some of the issues we have dealt with are helping you create household budgets, consolidations and refinancing.

There are many reasons why you need mortgage or credit assistance; we've heard most of them, so don't hesitate, give us a call             416-410-1150        or send me an email.
Veronica Thompson, a Mortgage Agent with Mortgage Alliance Accumetrix (License #12036) concentrating her efforts in the Toronto GTA that includes Mississauga, Brampton and Oakville. Ask a question or Get Help Here.