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Best Tips for Finding The Best Condo in Toronto

Best Tips for Finding The Best Condo in Toronto

With the competitive real estate market in Toronto, finding the house, you love, and one you can afford is a challenge – though not impossible. Regardless of your stage of life, you have to find a house in the right location and at the right price. So, you can’t agree to rent space blindly.

As you look for your best fit, keep in mind the following:

  1. The most important factors in your life

As mentioned above, your budget should be on top of your search list. For the space that fits your budget, you should consider all your other expenses, monthly and yearly expenses, overall costs and the items you may have to scrape off your spending list. Your expenses are as important as small business deduction CRA is for an accountant.

But, the price isn’t everything; Look at other things such as parking, south-facing windows, and proximity to work/ school/ or the train/bus station.

  1. Be ready for showing

Even though you fill in your apartment or condo specifications when looking for a house, your presence is necessary when looking for the perfect space. You should, therefore, show up at showings with the right paperwork. You should also consider going to showings with your chequebook and contact information of your employer just in case you find your dream house. Delays will cost you that house. Your real estate agent can only do so much.

During showings, you must check out the details of the house. You must get nosy. Look at the storage space in the closets, the kitchen space, under the skin for mold, and window/ door frames. You should also flush the toilet, run the shower, test the AC/ thermostat, open and close windows and try the lights.

  1. Focus on specific/ few neighborhoods

Instead of looking for an apartment throughout Toronto, narrow down your list to a few neighborhoods. While at it, keep your budget and safety in mind. When choosing a neighborhood, you should also keep in mind proximity to amenities like schools, hospitals grocery stores, bars, and gyms.

  1. Question any laid-back landlord

A landlord whose property is well managed will ask for your proof of employment, a reference or even your credit cheque if they value their property. If they don’t ask for these details, then, the house may be poorly maintained, and you may have a few sketchy neighbors.

  1. Pre-measure furniture

Eyes deceive us often, especially when already are in love with space. Since you won’t have the time to go back to your current home to check the exact size of furniture, having the measurements upfront ensures that you take the space or continue your search. You should also check to ensure that furniture will fit in the elevator and through the door.

  1. Check out reviews

Thanks to the internet, you don’t have to go through a bad experience that someone else went through. It is important to consider getting reviews from many people, and unless there are too many complaints, you can avoid that space.

Other considerations:

  • Set realistic expectations
  • Walk around
  • Check the bed-bugs registry
  • Know your rights
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7 Reasons Condo Living is Popular in Toronto

Times have significantly changed how Toronto residents view their living spaces. Gone are the days when the idea of condo living was not considered as a viable option.  Most professionals of the present generation have realized and understood the value, convenience and appeal of condo living. Even older generations now find the appeal in living in condos.

Here are the reasons why condo living is a popular option in Toronto.

  1. Condos Are A Solution To The Lack Of Low-Rise Housing Options

In the past decade, condo sales were so much lower than low-rise properties like house and lot units. Today, the lack of house and lot units for sale has caused prices for condo properties to rise. It has reached to the point that investing huge amounts on a house was getting to be impractical. Supply for condos, on the other hand, are abundant, making it an easy investment choice.

  1. Condos Are A Good Investment Opportunity

Young professionals who are looking to investment in their own home are going for condo units instead. The cost of renting a home is almost comparable to the mortgage for a condo. Also, you only need to pay a smaller monthly fee for maintenance of common areas and real property tax so a tax lien will not be imposed on your condo. Moreover, condo units have access to hotel or resort-type amenities. This is something you cannot enjoy in a simple house and lot investment.

  1. Condos Are More Affordable

It is much cheaper to buy a condo than to buy a house and lot. For this reason, condos are a popular choice not only with single professionals and young couples. Condos are also growing to be the best option with immigrants and young families.

  1. Condos Are Located In Great Neighborhoods

Most condos in Toronto are in the downtown area. This prime location is close to offices, restaurants, malls, entertainment venues and parks. Unlike house and lots, you don’t need to commute or drive to run errands or pick up groceries.

  1. Condos Have Superb Amenities And Services

Amenities are a bestselling point of condos. Most condos have indoor and/or outdoor pool, a fitness center, private parking and other commercial establishments. Some condos also come with hotel services like a concierge, a day care center, and a lot more. These amenities make living in a condo both a convenience and a luxury.

  1. Condo Living is Safe

You will not get the security a condo offers in a single detached home. Living in a condo comes with a good amount of peace of mind. Condo units are situated in gated communities with 24/7 security, common areas with security cameras, and secured parking.

  1. Condos are Low in Maintenance

When you live in a condo, you are only responsible for the upkeep of your living space or inside your condo. All common areas as well as the exterior of the building are maintained by the condo management. Houses, on the other hand, require constant upkeeping and landscaping. This would be unbearable for busy homeowners.

 

 

References:

http://somosconnect.org/more-toronto-families-opting/

https://www.thestar.com/life/homes/2017/05/06/why-were-raising-our-kids-in-a-condo.html

https://www.ratesupermarket.ca/blog/should-you-buy-a-condo-or-house-pros-and-cons/

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Just Move Into Your New Toronto Apartment? Reward Yourself

Just Move Into Your New Toronto Apartment Reward Yourself

Credit: VV Nincic

Here at Condo Move we know how stressful moving can be and our aim is to help make the move as stress free as possible for you. However, there’s nothing like a relaxing afternoon to get you into the groove of Toronto life. So whether you’re new to the are and are looking for a way to treat yourself for your new condo buy or you’re a seasoned local who knows the area well, here are some suggestions to relieve the moving stress.

Get A Massage

Find a Toronto massage company to get things started off by getting a deep tissue, prenatal (if you’re pregnant), or a comfortable Swedish massage. There are plenty of great Toronto-based massage companies and from the hot beds, calming aroma, and hot tea it’s hard to deny the comfort this place provides. It may even just be the best massage of your life.

The Rage Room

Are massages too gentle for you? If you prefer to smash things, the Rage Room is surely the place for you. It’s also perhaps one of the most unique business models in the world. For a $20 bill you can grab some weapons and safety equipment to smash random objects for nearly an hour. You get the pleasure of crushing things and making a huge mess that you don’t have to clean up so you can de-stress the chaotic way.

The Salt Cave

Another really unique experience is something in Toronto known as the Salt Cave. The Salt Cave is full of salts and minerals that have therapeutic qualities to them. It’s a great way to relax and unwind in what feels like a natural environment. Inside there is also plenty of comfortable chairs to lounge in, yoga sessions, massages, and more.

The House of Yoga

If you’re keen on yoga and smoking marijuana, then why not head over to The House of Yoga? Enjoy the yoga sessions while in an ultimate state of relaxation. This yoga studio offers plenty of different classes for you as well.

The H20 Float Spa

What’s a float spa? A float spa is a sensory deprivation chamber that will revolutionize your definition of relaxation. This ‘pod’ is filled with water that has been saturated with Epsom salts, so your body will float without you putting in any effort. You just have to lay back and relax. If you’re like the full experience you can do your session in total darkness and in silence to get the sensory deprivation experience.

Toronto has so many unique ways for you to relax, so whatever your fancy is, you’ll find something that intrigues you. Welcome to the wonderful city of Toronto!

 

 

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A Recent Development Reveals Toronto’s Rich History

Toronto’s historic North Market is about to receive another makeover as the single-story farmer’s market is torn down and replaced with a five-story city-owned market. The famous site, located on the corner of Front and Jarvis, has been home to numerous structures over the years, all dedicated to food, making this celebrated spot a monument to Toronto’s foodie tradition.

Thanks to Toronto’s 2004 archeological management plan, construction on the storied site will not be undertaken lightly. In fact, 2.7 million dollars are expected to be spent on demolition and excavation as the site is properly studied prior to building. Right now, the archeological investigation is literally unearthing new evidence to not only support the claim that this site has been dedicated to food for centuries, but also to shed some light on the practices and lifestyles of Toronto’s past residents.

The team, including senior archeologists Peter Popkin and David Robertson, have discovered several long-buried structures, including the foundations of two of the previous buildings, tunnels and cellars used by butchers for draining and storage, and shards of ceramic that likely belonged to pottery used for serving.

The North Market was designated as an area for food serving by the British in 1803. However, historian Bruce Bell theorizes that the spot had significance for food long before that among native Indian tribes that would fish in the area. Bell suggests that the site could have been designated as a food serving and eating area for as long as 5 thousand years.

Regardless, it’s importance was unmistakable for the roughly 9 thousand residents of the colonial outpost that was early Toronto. At that time, this spot was likely the only place to trade for or buy food. It also once contained not only the only marketplace, but also Toronto’s first ever city hall, further emphasizing the significance that such a place had for settlers.

The first structure was built on that spot in 1820 and, since then, there have been four others, all of them serving a similar purpose. The recently demolished farmer’s market has enjoyed the honour since 1968. While many may be sad to see it go, they can rest assured that the new building will honour the overall history of the spot.

After a projected two years of construction and between 60 and 90 million dollars, the new five story building will include panels on the first couple of floors in accordance with the Heritage interpretation plan set in place. These panels will pay homage to the history of the site and the many celebrated structures that came before.

Despite how many may view budding construction projects, the new market is not an affront to Toronto’s history but rather part of a long-standing tradition. Just like its predecessors, the new market sees the old replaced with the new while maintaining the overall integrity and value of a treasured historic locale.

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Thor Espresso Bar

Espresso bars are often conceived as being a novelty of sorts, only appealing to people who are very serious about their coffee needs. While that still remains relatively true, it doesn’t mean that it’s limited to only that variety of person – Thor Espresso bar in King West is really looking to change the way people approach businesses like these. The co-owners Patrick Tu and Tom Junek has become absolutely accustomed to the “Slayer”, which is their beast of an espresso machine (and easily one of the coolest ones you’ll ever find on this planet). The machine itself is gigantic, and there’s a paddle that will adjust the water pressure, according to the espresso pull being input. The levels vary from one to nine, while most retail espresso machines only work with nine all the way through. When you go from one to nine, the taste/flavour of the espresso is much richer – not only that, but the fragrance is much more appealing as well.

To be specific, this is the 77th espresso machine of this kind that has been built on the planet, and it’s the only one you’ll be able to make use of in Toronto. Whether you want a Latte with a beautiful image embroidered into the foam, or just a dark and hard cup of espresso, they’ve got you covered. That’s not the only thing they’ve got to offer up, though, as they also have a variety of pastries and other snacks to pick from. It’s like your traditional café, except with a little more enthusiasm put behind the entire process. Panini’s are readily available due to the panini press, and all of the pastries are sourced from both Desmond & Beatrice/Circles & Squares.

This Scandinavian influenced café (hence the ‘Thor’ reference) is sure to draw a crowd when people begin to find out about it. It’s really just a matter of time before Torontonians get out there and experience what the Thor Espresso Bar has to offer for themselves!

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Fort York Bridge Looking to Rise Up Once Again

When it comes to building a $19.7 million bridge to be used by cyclists and pedestrians, there’s really only one way to do it – the Torontonian way! Stanley Park and Fort York can finally connect seamlessly, as the Fort York Bridge is looking to make a comeback. The two-part bridge that links the King St. West Liberty Village and Fort York Neighbourhood is going to take one year to construct; it’s said to begin being built during Spring of 2016. Walking and cycling is a relatively big deal in Toronto, as driving your car all over town isn’t exactly the most effective way to get around. One bridge is going to spread across the Southern extension of Stanley Park, bringing it over to the Northern side of Ordnance Triangle Park. The second bridge is going to link the Southern side of Ordnance Triangle Park with Fort York, giving you two-way access to both locations. Dufferin Construction has stated that this is the very first stainless steel bridge (of this variety) in North America, and will be much cheaper to maintain when compared alongside to traditionally manufactured bridges. The original bridge that was being proposed was supposed to cost up to $26 million, and was initially supposed to be opened up during July of 2012. Stanley Park and Fort York were seemingly meant to be connected, as the bridge has drawn a lot of positive response from the community. If you’re a local and enjoy walking or cycling around town, this bridge is going to make things much easier for you.

Mayor John Tory stated that the city building effort was going great, and that there are going to be an abundance of different attractions for potential tourists to take a look at – but it’s more so focused on the building of local communities and such that makes everything so great. Torontonians can finally get to Fort York and back as they please, without having to navigate around the roads.

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Insurance Rates: Comparing Rental and Owned Properties

Home insurance is crucial when you’re trying to live a stress-free life. You never really know when a problem is going to come up, and when it’s house-related, you never really want to deal with it. It’s kind of like a wart that won’t go away! Not only that, but they’re going to make up a relatively large portion of your insurance budget. Living without a roof over your head isn’t ideal by any means, which means finding a reasonable rate for your house insurance is critical. When you’re a renter, the average insurance rates that you’ll pay are going to vary. There is a minimum of $160, an average of $250 and a maximum of $410. You shouldn’t expect to pay any more than $410 if you’re renting. With that being said, there are a few different types of insurance to be considered. Rental premiums include stuff like:

Liability Insurance – If you somehow cause damage to another party and they decide to sue you (let’s say a mailman slipped on icy steps or you flood a neighbours unit by accident), you’ll be covered.

Contents Insurance – The contents of your home are going to be accounted for with this insurance. If you ever go through a house fire or get burglarized, you’ll still be in great hands.

Additional Costs – Insurance is going to cover any fees that may be associated with your home.

For homeowners, the insurance premiums that you pay for are going to vary. You’ll have all of the included components above, but it also covers the cost that comes along with fixing or repairing your property. Coverage is going to vary from policy to policy, and there are even some relatively “out there” policies available. If you live in a tornado-prone region, natural disaster coverage is ideal; cost is much different, though.

The cost will be determined by the price of your home. If a house is worth around $100-300k, home insurance could cost around $860 per year. More expensive homes ($300-700k) would be about $920 per year, while $700k to $1.5m is about $1,400.

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Nepal Pari Nail SPA

When you’re looking to get a pedicure or manicure done (or anything related to your nails at all), you want to make sure that you’re going to the right place. Most of the time it’s going to cost a decent amount of money, so you always want to know who’s going to be handling your needs beforehand – that’s why people tend to get into the habit of seeing the same spa’s over and over. Nepal Pari Nai Spa is one of the best nail spas and treatment centers you’ll find around King West in Toronto, and that’s because they’re your “complete solution for beauty”. Anybody who has been there personally will tell you that the job they do is quite good, and they really don’t cut any corners.

They offer up both foot and hand care, which means your toe and finger nails are always accounted for. They’ll wash, cut and finish your foot with ease, and even go as far as giving you an amazing facial. They can help out with any acne treatments or anti-aging processes you may be interested in, as well as microdermabrasion. They specialize in massages, including hot stone and aromatherapy! Not only that, but Swedish is included as well – the body wraps and body exfoliation processes they offer up are also a nice thing to take into account. Body wraps are something a lot of people are seeking out these days, but they can be tough to find (at a reasonable price, anyways); but that’s not the case anymore! Nepal Pari Nail Spa offers up body wraps and cellulite treatments, all at an affordable rate.

If you want to look your best, Nepal Pari Nail Spa can help you out. Depilation and Lipo Laser treatments are easy obtainable, and all of the other services are going to be handled by only the most professional workers around. If you want a relaxing experience, you’ll want to come to Nepal Pari Nail Spa!

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Spaw Boutique

Spaw Boutique is a place for true pet lovers, those of us that would treat an animal as if they were part of our family! When you want the best for your furry little loved ones, it’s going to call for a specific type of service – one that actually cares about the well-being of your pets! Dogs and cats will receive spa-like treatment at Spaw Boutique, which is why so many people are raving about the brand new service. They have a retail space available that gives you access to an abundance of pet-related accessories, things like dog walking leashes and treats would apply here. You could also even go about purchasing new water and food bowls if you feel it’s necessary! They have you covered in every single aspect in terms of pet-care products. These products apply to both cats and dogs, meaning it would apply to both types of people! It’s great when you’re a pet boutique and actually appeal to an abundance of different needs. Some people prefer dogs and others prefer cats – so why not make it so they can shop for either?

There’s a raw food section available as well, which is perfect for when you really want to treat your dogs. The biggest attraction would be the incredibly intricate grooming space they have available, with an abundance of tables to choose from – you’ll always be accounted for! The dog dryer room makes it so that the grooming process is short and sweet, while the cat bathing room is another addition that makes cat grooming easier (and much more relaxing). Tons of places that offer up pet grooming services don’t have the right equipment or staff to work with, but that isn’t the case here. They’re trained professionals that are equipped with industry-standard pet grooming equipment! The grooming check-in area has tons of cool stuff to look at, as well as toys and such to purchase for your pet. They really thought of everything when it comes to Spaw Boutique, keeping customers in front of just about anything they’ll need that’s pet care related.

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All About Home Ownership: Millennials

Being a millennial means you’re not only blessed with youth (for now!), but it also means that you’re going to go through quite a bit of trouble when looking to purchase a home in the future. Living in Toronto is one of those things that people take seriously. The cost is high, but the amount of culture and other types of richness that you experience is simply intriguing. It’s what brings so many people to the city, after all. With that being said, Millennials need to curb their expectations when it comes to living in a single-family, low-rise home; there simply isn’t enough land in place to allow that. If you could build entire homes on top of one another, I’m sure they’d allow it! BMO conducted a survey during the month of April, and it told us that around 70% of Millennials hold owning a home as quite important. Although it’s important to them, they are still willing to wait until they can afford one they’d enjoy.

It might not just be a matter of waiting until you can afford it, as opposed to just adjusting your expectations in general. When land values are rising, you need to curb your enthusiasm – property is one of those investments that requires a lot of money. Frank Clayton, who is a senior researcher at the Centre for Urban Research and Land Development (Ryerson University) stated that: “This is a ‘905 problem’”. The city and surrounding areas just don’t have the sheer number of housing units needed to account for everybody, especially Millennials. Some researchers argue that laneway housing in specific neighbourhoods could be the way to save space, but only time will tell how successful we are able to be with our endeavours. This is a boom, as opposed to a “bubble” – you can expect these prices to stick around for quite some time. If you’re serious about living in a low-rise home, you may have to move around the country a little bit. In order to get serious about your property needs, you’ve got to understand the industry at its core. Millennials are pretty much forgotten about when it comes to purchasing/owning a home, because it’s so far out of reach for most. If you start saving up now (and understanding the real estate market), you should still be in pretty good hands.