Monthly Archives: October 2009

6 Home Staging Tips

By Diti Dumas

One of the most important parts of selling your home is staging, staging is the process involved in making your home more appealing to potential buyers.

There are a variety of ways to go about doing this; however there is only a few that might work for your house.

By following the 6 tips that have been laid out, you should be able to help sell your house by appealing to what buyers are looking for.

1.    Have the right Attitude

Before you begin anything in your house, you have to stop thinking that your house is a home and look at it as an investment. It is probably one of the most important investments you have made so far, and of course you will want to get the largest return as possible.

2.    Increase the house’s curb appeal
Curb appeal is what appeals to a potential buyer in wanting to go into a home. Consider the times you have driven by a house for sale and did not find it appealing because its exterior was unappealing. You should be paying attention to your yard and have it always cut properly and not have any objects lying on it. Pay attention to your bushes, vines and plants and time when necessary.

3.    Declutter and Depersonalize
Buyers want to see space above anything else. You have to focus on the house and not your stuff in it. A cluttered house will give potential buyers the impression that it is poorly maintained and it is smaller than it really is. Take out your personal belongings and put it away for storage to create more space to help attract buyers.

4.    Clean and Fix

One of the most important, but neglected tips is cleaning and fixing any problems in the house. You house has to be spotless when it shows, therefore be sure to fix any of the small things, even if you find they might not be visible to buyers.

5.    Paint
Painting is one of the cheapest ways to enhance and refresh a room. Give a room a fresh coat of paint to help appeal to potential buyers.

6.    Let there be light
A bright house shows much better than you might think. Have all the blinds and curtains open and ensure that any light fixtures are on so that potential buyers see everything that is offered.

Diti Dumas is a Sales Representative with Royal LePage R.E.S. Ltd./JOHNSTON & DANIEL DIVISION, Brokerage.  Diti is a regular contributor to the Muddy York Blog.  Diti’s website is located at www.ditidumas.com.

Importance of Having an Open House

business-people-2Throughout the period your home is on the market you will have many showings and few open houses, if any at all.

Now some people have the idea that open houses do not do much in today’s market, however that is not the case.

There are several purposes of an open house, one of which is to attract real estate agents.

A real estate agent open house is to give the real estate agent a better understanding of your home. This lets teh agent become educated in your property and he or she can convey all the information they learned of your house to their clients.

The other and more major purpose of an open house is to attract potential buyers who may not have the time to set up appointments to view every home they want to look at.

When you have an open house, it holds the potential to have a buyer who might just be passing through and fall in love with your house.

Open houses hold a lot of potential and all it really is a long showing, with multiple buyers passing through.

Consider the amount of time you spend with having a showing; you set aside at least 1 hour per showing, however with an open house you set aside 3 – 4 hours and can have an unlimited amount of buyers pass through depending on the day and the advertising that has been done for your house.

When you do have an open house you will want to follow the few pointers to help attract the buyers into wanting to have their own personal showing, where they will be more serious in purchasing the house as they are taking the time it takes to set up an appointment to personally view your house.

Welcome potential buyers with fresh flowers throughout your house, it gives potential buyers a warm welcome and allows them to relax while looking at the house.

Having a nice aroma throughout your house will help create a good impression for potential buyers. I find having the scent of cinnamon throughout your house or even the smell of freshly baked cookies allows the warmest welcome a potential buyer can experience.

When preparing for an open house, you should not be doing anything differently that what you do in preparation for a showing. Treat it exactly the same and you will be able to have a great open house, and who knows, the buyer for your home might be within the crowd.

Toronto Neighbourhoods: Chinatown

We have discussed numerous neighbourhoods in Toronto, and it is about time that we move onto a neighbourhood we have all heard about, Chinatown.chinatown

Toronto’s Chinatown is an ethnic enclave in downtown with a high concentration of ethnic Chinese residents and businesses that extend along Dundas Street West and Spadina Avenue.

Chinatown was first developed in the late 19th century, and today it is one of the largest Chinatowns in North America, and one of several major Chinese-Canadian communities in the Greater Toronto Area (GTA).

Looking back at the history of Chinatown, you can find the earliest record is traced back to Sam Ching, who owned a hand laundry business on Adelaide Street in 1878. Ching was the first Chinese person listed on the city’s directory.

Despite the strict limitations placed on Chinese immigration with the Chinese Immigration Act of 1885, Chinatown took its shape over the next two decades along Bay Street and Elizabeth Street.

By 1919, the Chinese population in Toronto was over 1,000; there were hundreds of Chinese owned businesses that had developed. These businesses mainly comprises of restaurants, grocery stores and hand laundries.

Chinatown had become a well established community that extended along Bay Street between Dundas Street and Queen Street in The Ward.

Now, today we see Chinatown located along Spadina Avenue, the reason for this was due to the plans to construct the new Toronto City Hall at the intersection of Queen and Bay Streets in the late 1950s.

As most of Chinatown would become displaced during the project, Chinese businesses began to relocate; some stores were taken over by developers, and most stores that occupied the project site were cleared through expropriation.

The Chinese community then migrates westward to its current location along Spadina Avenue. Now, there still remain a handful of Chinese businesses that remain around Bay and Dundas.

An interesting fact about Chinatown is that its street names are bilingual, a feature that was first introduced in the 1970s.

Chinatown was the film location for a television series some of you might remember, “Kung Fu: The Legend Continues”. It was filmed to portray a major U.S. city.

Now Chinatown’s demographics are represented by immigrants and families from southern China and Hong Kong, however recently there are an increased amount of students from the adjacent Ontario College of Art and Design; from Ryerson University; and the University of Toronto have arrived in search of affordable housing. There is also an increase in Latin American immigrants.

The increase brings in ethnicity, and some people worry that it might gradually reduce the identity of Chinatown, however I do not see that happening anytime soon.

Chinatown is a neighbourhood of great history; it is definitely a location that you should visit at least once in your life.

ChocolateFest 2009

chocolatefestThe annual Toronto Chocolate Festival, a stunningly delicious event is happening this month.

ChocolateFest 2009 is a city wide event and is currently in its 4th year running.

The Toronto Chocolate Festival was successfully launched in 2006; in this event you will find chocolate as the featured item in all of its magnificent and tasty forms.

ChocolateFest 2009 will officially begin on October 19th with the Chocolicious: Tour De Chocolat.

Chocolatiers and pastry shows will be welcoming you with chocolate treats. Plenty of samples and offerings, I doubt anyone will be able to have all of them.

Some of Toronto’s top chefs are expected to prepare some of their most delectable, signature chocolate dishes, desserts and drinks during ChocolateFest 2009.

A menu of chocolate infused foods will be created by chefs across Toronto.

ChocolateFest is expected to come to an end on October 25th, however there are far more events that will be occurring throughout the week of ChocolateFest that you should be aware of.

The 4th Annual Chocolate Ball Gala will be occurring on October 23rd at the Palais Royal. The Palais Royal will host this event once again. The theme this year is the 50’s and 60’s. If you plan on attending you should be attending in 50’s and 60’s attire.

Throughout the week of ChocolateFest 2009 you will be able to enjoy Choc Elite; this will be offered at various participating restaurants throughout the Greater Toronto Area (GTA) and the surrounding area.

You can enjoy a full course dinner made with chocolate. Featured chefs will be teaming up to create and host an intimate unique dining experience. For chocolate lovers, this is a dream dinner.

The appetizer, main course, dessert and drink(s) are made or infused with chocolate. You should keep in mind that each sitting will be limited to 20 people at any one location on the Choc Elite circuit.

ChocolateFest 2009 will be donating a portion of proceeds from its events to Prostate and Breast Cancer Research. A portion of proceeds from The Chocolate Ball are in support of The Ava Rose Fund at Sick Kids Hospital.

This event is suitable for people of all ages, especially for couples who want an exciting and unique night out in Toronto. This event only happens once a year.

Have fun with a treat we all love, and come to ChocolateFest 2009.

Muddy York Update – TREB Market Update – Mid October 2009

trebThe Toronto Real Estate Board released the mid October 2009 statistics for the Greater Toronto Area.  The number of sales to date was 3,631 in the first half of the month compared to 2,700 in mid-October of 2008, representing a 34% increase.   The average price for the GTA was $353,772 mid-October of last year compared to $414,479 this year.

In the Central District of Toronto, the average price was $455,001 compared to $375,804 last year.  The number of sales to date was 1,489 compared to 1,140 in mid-October of 2008.  The year-to-date total sales are up 6% compared to last year with the average price up 2%.

Source: Toronto Real Estate Board

Truss Uplift

By Carson Dunlop & Associates

An Uplifting Experience
Truss uplift has nothing to do with plastic surgery or under- garments. It is a phenomenon common in homes built with roof trusses as opposed to rafters.

If a house suffers from truss uplift, the top floor ceilings literally lift off the interior walls in the winter. They drop back down in the summer. Needless to say, this is a tad disconcerting to the homeowner. At first glance, one might assume that the floors have settled. Actually the ceiling has gone up – sometimes creating a gap of as much as two inches where interior walls meet the ceilings.

What is a Truss?
Trusses are prefabricated structural assemblies which hold up the roof and the top floor ceilings. Trusses tend to be a stronger lighter and less expensive approach to roof framing.

Trusses are strong because they make use of the most efficient geometric shape we know of – the triangle. Trusses are a series of triangles fastened together with gusset plates. The outside members of a truss are called chords while the inner pieces are known as webs.

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Yorkville

By Julian Merry

Yorkville is a district in Toronto; it is well known for its shopping. Yorkville was a former village annexed by the City of Toronto.yorkville

It is roughly bounded by Bloor Street to the south, Davenport Road to the north, Yonge Street to the east and Avenue to the west.

Yorkville is considered to be part of “The Annex” neighbourhood officially and is recognized as one of Canada’s most elusive shopping streets.

Interestingly enough, Yorkville is the 3rd most expensive retail space in North America, having rents of $300 per square foot.

Yorkville was founded in 1830 by entrepreneur Joseph Bloor and William Botsford Jarvis with the Village of Yorkville beginning as a residential suburb.

Its Victorian style homes, quiet residential street and picturesque gardens surviving into the 20th century all became annexed by the City of Toronto.

In the 1960s, Yorkville was flourishing as Toronto’s bohemian cultural centre.

The transition into a high end shopping district came after the construction of the Bloor-Danforth subway as the value of land increased as higher densities were allowed by the City’s official plan. Along Bloor Street, office towns, the Bay department store and Holt Renfrew department store displaced the local retail. Real estate values began to increase in the 1980s and the 1990s, causing residential homes north of Bloor along Yorkville to be converted into high end retail.

This included the creation of many art galleries, fashion boutiques, antique stores, bars, cafes and restaurants along Cumberland Street and Yorkville Avenue.

The Yorkville area is one of the busiest areas in Toronto, mainly because the busiest TTC subway station in Toronto is located at Yonge and Bloor. It is the intersection of the two largest and busiest subway lines.

Today you can find many of Toronto’s exclusive retail stores located in Yorkville; this includes such stores as Prada, Gucci, Huge Boss, Louis Vuitton, Harry Rosen, Hold Renfrew and much more.

Within Yorkville is Yorkville Park – a series of unique gardens located on the south side of Cumberland stretching west from Bellair. Designed by Oleson Worland Architects to celebrate the surrounding neighbourhoods and reflect the diversity of Canadian landscape.

Yorkville has become home to some of Toronto’s most exciting events, such as the Toronto International Film Festival and the Sante International Wine Festival.

Yorkville is truly one of the best districts in Toronto, it is a place that holds much if Toronto’s life. If you ever find yourself down in Yorkville, you will surely not be disappointed with the scenery and any of the stores available to you.

Julian Merry is a Broker with Royal LePage/Johnston & Daniel Division.  Julian is a regular contributor to the Muddy York Toronto Real Estate Blog.  Julian’s website is located at www.julianmerry.com.

Muddy York Update – TREB Market Update – September 2009

The Toronto Real Estate Board released the September 2009 statistics for the GTA. The number of sales for the month of September was 8,196 in the GTA compared to 6,424 in September of 2008, representing a 28% increase.

trebThe number of days on the market decreased from 36 in 2008 to 27 in 2009.

In the Central District of Toronto in September 2009, the average price was $519,583 and the median price was $390,000.  The average percent to list came in at 101%.  The average number of days on the market was 23 days compared to the GTA average of 27 days.

Overall, over $779 Million worth of real estate traded in the central core of Toronto during the month of September.

Source:  The Toronto Real Estate Board

Summerhill

By Evan Sage

Summerhill runs north of Ramsden Park, East of Avenue Road and on both sides of Yonge north of the train tracks all the way up to St Clair, David Balfour Park and The Rosehill Reservoir are natures boundaries to the east.

Notable streets in Summerhill include (description and recent sales): Balmoral Ave, Farnham Ave, Woodlawn Ave, Walker Ave, Alcorn Ave, Birch Ave, Summerhill Ave, Shaftsbury Ave.

The area began to grow rural roots shortly after the Heath family had purchased 40 acres at Yonge and St Clair. In 1842 the transportation baron Charles Thompson built a hillside cottage on his 200 acres and he gave it the name Summer Hill. In the 1860’s his surviving family subdivided the hill that they had spent their summers at. In the 1880s the North Toronto Railway Station was built on Yonge Street. This led to speedy development of the direct neighbourhood, Summerhill and Rosedale.

The homes of Summerhill were in place before the estates of Rosedale simply because the workers needed somewhere to live before they could spend the time building the larger more detailed homes in Rosedale. Summerhill’s homes were built between 1880 and 1915. They are mostly either Victorian or Edwardian style. The current residents are overhauling the homes so that they have the beautiful Victorian exterior with updated interiors. Some properties are ripped down and modern townhouses or low-rise luxury condominium buildings are filling in the space. The high-rise condos were built in the 1980s and 90s and are undergoing interior renovations as well. Some of the best views of Toronto are found in these buildings, views of parkland, ravines or city skylines you really get it all.

In the 1920s the Canadian Pacific Railway made Summerhill Station their main stop in Toronto, until everything was centralized downtown at Union Station. That move eventually allowed the LCBO to build their flagship store in the beautiful old North Toronto Railway Station, which has become the anchor for the Summerhill neighbourhood.

Summerhill is an excellent area for transportation. Yonge St, Avenue Rd and Mt Pleasant Rd all provide quick escapes. There are 3 Subway stops that service the area and most of the homes are within a 5-10 minute walk to one of the stations. There are excellent public schools elementary, primary and high schools. Upper Canada College, Bishop Stachan School, Branksome, St Michaels College and De La Salle College are all nearby. University of Toronto and Ryerson are also easily accessed via the Yonge- University/ Spadina Subway line.

Evan Sage is a Sales Representative with Royal LePage R.E.S./Johnston & Daniel Division. Evan is also a regular contributor to the Muddy York Blog.  Evan’s web site is located at www.evansage.com.