Tyler Tim Realtor

Aim ·          Largest shopping center in the province, Ontario ·          With over 1,600,000 square feet of retail space and more than 360 stores/services ·          Near Mississauga Civic Centre, Livings Arts Centre, residential condos, Library… ·          Investment of approx. $320 million of new construction ·          Initiated on the 40 th  anniversary Planning ·          Project broken down into three phases ·          2013; 2014; 2016 ·          Food Court, Northwest Expansion, Southwest Expansion ·          Upscale quality to benefit customers’ shopping experience ·          Budget: $320 million Executing ·          Currently at this stage ·          $84 million spent on phase one ·          Two phases completed on scheduled time Delivering ·          In spring 2016

As micro condos move into the Toronto market with a vengeance, some of the Big Five banks and other lenders still have rules in order to approve mortgages on units under 500 square feet. “I would say there is still some hesitancy around lending on micro condos,” says mortgage broker James Laird, president of CanWise Financial. Some 467 units of 500 square feet or less are currently in the occupancy phase in the City of Toronto, about five per cent of the new condos coming on stream in the core this year. An additional 2,868 of these smaller units will occupy by the end of 2015, making up 11 per cent of all the new condos occupying in the City of Toronto, it says. And thousands more are in the planning or construction phases. But it will be weeks or months after occupancy, when the building registers, before buyers — be they investors planning to rent the units out or so-called end-users planning to live there — will have to come up with final mortgages for 80 per cent or so

Statistics Canada says the value of building permits issued by municipalities rose from 12.7 per cent to $7.5 billion in September after a big plunge in the previous month. Statistics Canada says the increase resulted mostly from higher construction intentions for both non-residential and residential buildings in Ontario. It says the value of non-residential building permits rose 23.9 per cent to $3.1 billion in September — the fifth increase in six months. The federal agency says six provinces posted higher non-residential construction intentions, led by Ontario. On the residential side, the agency says the value of permits rose 6.1 per cent to $4.4 billion in September. It says seven provinces — again led by Ontario — posted gains, while Alberta, Saskatchewan and Manitoba had declines.

Take stock of your finances: Before thinking of buying or selling a house, take your personal monthly finances into consideration. Think about affording a house, plan ahead and seek help from an experienced Realtor in doing so.   Credit Limit: Know your credit card limits and review your usage to prevent a potential approval pitfall. According to Equifax, the closer you get to using all your available credit, the less likely you are to have a good   credit score   or seem like an attractive mortgage candidate to a potential lender. Start with financing.   Obtaining pre-approval for a loan will make the process of negotiation and loan approval process smoother from the start. Find a real estate agent.   The seller is the one who pays the   commission , so there's no reason not to get the help of an   agent . Agents can get you the house that you dream of. They can also help you finding a perfect location, and get your house financed easily through their conn

Following are the reasons why you should own a house! If you are 35 now and just buying your first home, you will likely be mortgage-free when you are 60 and sitting comfortably on a considerable asset. It's highly likely your investment will appreciate considerably in 25 years. It's important, however, not to buy with the intention of making a quick fortune. Think of home buying as a sound, long-term investment. Buying a home is a very effective way of saving regularly over many years. Even if you never buy into another retirement or investment plan, you are effectively putting money away for the future. Owning a home of your own means you and your family can set down roots, get to know your community and involve yourselves in it. Discover the pride of home ownership. You can fix the place to suit your particular needs. You can also have pets in your home. As your family grows and moves on to homes of their own, you will have the option of earning

Less Competition, More Leverage Since spring and summer are the most active real estate seasons, many home sellers wait until then to list their homes. That means there are fewer homes for sale in the winter, but the sellers often have strong reasons to sell their homes soon, such as job relocation. These motivated sellers can be a boon to the home buyer. Just as there are fewer homes for sale during the winter, there are fewer buyers, too. That means less competition and sellers who are more willing to accommodate potential buyers. Use this knowledge to your advantage. Offer a relatively low (but not insultingly low) bid for the home you’ve selected, or ask for perks such as the living room furniture or the chandelier that you admire. The low number of potential buyers also means you have more time to make your decision. In the spring, you often need to choose a home and act quickly, but in winter you may be able to take your time. Assessing a Home’s Winter Fitness

Some say winter is the worst time to sell a home. Given the cold and stormy weather we have been experiencing, there are definitely challenges, but don't be discouraged. First impressions and lasting impressions are keys to progress potential buyers into active buyers. Be very wary as the slightest discomfort or issue can sour this experience and turn a buyer away from your home, but by addressing a few key areas, any winter woes can be easily avoided. Here are five simple tips to maximize the showing potential of your home during the winter months. 1. Don't Let Winter be an Obstacle It is storming or just post-storm, but you have showings booked for your home. (You must have motivated buyers to go out in that weather!) Don't make it even more of a chore for them, be sure to shovel your drive or walkway so that the first impression is a clean and accessible entry. Buyers have been known to turn away, rather than hike to the doorway in knee-deep snow and risk

According to Statistics Canada, the value of building permits issued by municipalities rose 12.7 per cent to $7.5 billion in September which is a significantly a huge number when compared to the past rises in the building permits. Statistics Canada says the increase resulted mostly from higher construction intentions for both non-residential and residential buildings in Ontario. The value of non-residential building permits rose 23.9 per cent to $3.1 billion in September — the fifth increase in six months. The federal agency says six provinces posted higher non-residential construction intentions, led by Ontario. On the residential side, the agency says the value of permits rose 6.1 per cent to $4.4 billion in September. It says seven provinces — again led by Ontario — posted gains, while Alberta, Saskatchewan and Manitoba had declines.

Buying your first home can be exciting and amazing, and scary. But knowing the common mistakes of first-time buyers will ensure you don’t make the same ones, and can help make the transition to "New Home Owner!" that much smoother. 1) Spending Too Much It’s important to be realistic about what you can afford. The final sale price isn’t the only cost to take into account when owning a home. Houses come with plenty of bills like heating and property taxes, future renovations and occasional unforeseen costs like burst pipes or city trees needing to be trimmed. What you can do about it:  Take a close look at your finances. Be aware of your current fixed costs and always leave some breathing room. Ask the homeowners what they spend in a year on their bills so there aren’t any surprises.  Canada Mortgage and Housing Corporation  has plenty of useful online  budget calculators  to help. As a general rule your monthly housing costs (mortgage, property tax and hea

Developers are in the process of making condos with two rooms instead of one so that they can fulfil a small family’s needs and wants. The number of shrinking, one-bedroom condos coming on the market has declined dramatically just over the last few months, in favour of more two-bedroom units averaging more than 800 square feet and better suited to first-time buyers and young families, says new-home research firm RealNet Canada Inc. The bad news, however, is that new, low-rise houses continue to climb out of sight and have hit a new price record of close to $700,000.The growth of more family-friendly, condo-style projects as alternatives to pricey low-rise houses should further increase next year. That’s when the Ontario government is expected to approve changes to the building code to allow construction of six-storey, wood-frame construction housing in this province for the first time, said RealNet president George Carras in an interview. Overall, new home sales continue to

Canada’s housing market is increasing every month with a significantly higher percentage, but the bulk of gains are accruing in just three places, Vancouver, Calgary, and Toronto. That’s good news for those centers in the near term, but the still-hot pace is raising concerns about a potentially sharp correction the longer those markets boom amid ultra-low borrowing rates. “Price spikes in Canada’s major cities [are] masking otherwise moderate home price appreciation nationally,” The Canadian Real Estate Association, or CREA, said Wednesday home sales rose more than 10 per cent last month compared to September 2013, easily topping expectations for sales to come in about 6 per cent higher.

After buying house, most people want to live in a bigger and better house in the future. Well, now may be just the right time to make it happen. Changing needs The most important factor in wanting a new house is the change in needs. You want to fit in with your surroundings, social status improves and the housing trends changes as well. It could also be due to the changes in one’s personal life, such as, arrival or a new baby, having fewer parking spaces or the desire to have guests for a sleep over after a while. There are as many reasons as there are different lifestyles. Whatever your reasons, moving up to a new home can intensify the joys of home ownership. There are both practical and emotional results of moving up to a better home. On the practical side, the equity in your home will continue to grow and the value of a bigger and better home will be ultimately greater over time. On the emotional side, the pride of ownership in a bigger house will probably be even grea

Markham has the highest number of condo buyers in the 905 regions, Oakville being the second highest.  The number of Canadian buyers is decreasing and thus, it has dropped from    199,800 in July to  192,400  in August. The vast majority of the new homes on which construction began were high-rise condos (110,800) compared to new low-rise homes (64,800) as intensification continues its march skyward in the country’s major urban  centers . Housing starts in Toronto were down slightly in August to 30,093 on an annualized basis, compared to 32,449 in July, mainly due to a slowdown in high-rise starts, said CMHC. Building starts have slowly been trending lower across the GTA as the record number of condo units sold in 2011 get built out and sales of new projects remain well below those record levels. There was strength in the suburbs such as Markham, however, which recorded 460 units started in August. Oakville was second at 331 units. That compares to 204 units in Tor

The Best Time to Sell As you probably know, spring is most commonly believed to be the best time to sell. It’s the most agreeable weather for showings and most people want to get settled before summer.. Consider professional staging as a way to make your home stand out if forced to sell in this high-competition season. The Worst Time to Sell Yes, the holiday season is not the ideal time to sell. People are busy or stressed out and are prioritizing family and holidays rather than home buying or selling. Mid December to mid January is the highest travel season, and thus there are fewer buyers around to view homes. There’s also the perception that you are desperate or need to sell if you are listing your home during this time. Buyers will try to be more aggressive with you as a result.  Show off Your Home’s Best Assets Sell when the features of your home have the most impact. If you have a pool with beautiful stone work or tiling, be sure to sell your home in ap

There are a few factors that make it harder to buy a house. A few such factors are, getting a fair price, calculating mortgage rates and figuring out closing costs. However, a REALTOR® can guide you through the home buying process and transform this confusing experience into one of the most exciting times of your life. A REALTOR® is a professional who brings buyers and sellers together for the sale of a property. REALTORS® have access to the Multiple Listing Service® (MLS®) which is Canada's most powerful real estate marketing system. This service provides REALTORS® with a large number of lists that most likely contain within them your dream house. Selecting a REALTOR® There are a several ways to find a REALTOR®. One of the best ways is to ask your friends, relatives and  neighbors  if they can recommend a REALTOR® with whom they have worked in the past. It’s a good idea to talk to more than one REALTORS® to find out which one fulfills your list of needs and wants and w

Ontario builders will be allowed to construct six-storey buildings out of wood starting in 2015, the province announced Tuesday. The limit for wood-framed buildings has been four storeys. Politicians from Northern Ontario have pushed for the change for years, hoping that it’ll spur demand for northern lumber. Advocates of wood construction say that rules requiring steel or concrete skeletons for taller buildings are obsolete in an era of “engineered” wood products, now that layers of wood can be laminated together to make beams and joists whose properties are as predictable as any steel beam. “It is gratifying to see Ontario listening to the needs of Northern communities with today’s announcement,” said Liberal Natural Resources Minister Bill Mauro, who represents Thunder Bay-Atikokan. “The goal of increasing the use of wood in Ontario’s construction industry has been achieved.” Critics say cutting down trees isn’t environmentally friendly and masonry buildings last a lot long

A few of the factors are very important in selling your house at a higher price, i.e.; location, condition of your home, and price. Location affects the value of a home, but it is the price that sells a home. Oceanfront, mountainside, or penthouse, the most desirable location in the world won't sell at the wrong price. There are buyers out there in the market that want their new dream homes in the best locations, locations that are well known, surrounded by the shopping  centers  and that have an easy access to the bus stations or that are closer to an individual’s workplace. A good location will sell at a fair price. A bad location will sell at a fair price, too. It just won't be as a high as it would be for a good location. A good condition home will always sell at a fair price; however a home that is not maintained well, might sell at a lower price. But neither location or condition will sell any house. Only one thing does that - price. Price of the homes go down

If you are thinking of selling your home a sign on your lawn is of paramount importance, although a well-thought-out marketing plan is also essential. Your REALTOR®   Marketing your home through a REALTOR® is very important as it opens a lot more doors for your home to sell fats and a higher price. The Multiple Listing Service® (MLS®) is also a vital component in the selling process. One of the first things your REALTOR® will discuss with you is a marketing strategy designed to give your home maximum exposure. Your REALTOR® might already know a number of interested parties for your property and thus, will ensure you get the right price of your property. In today's market it is essential to price your home realistically. To set the price right, your REALTOR® will prepare a Comparative Market Analysis (CMA). Through this thorough, objective evaluation process, he or she will suggest a price range for your home, which will reflect current market conditions. One of the mai

First-time home buyers face several challenges, including the need for a down payment and the financial stability to qualify for a home loan. Before you buy a home, look for a several factors!!! Know Your Market Get an idea of a price range where you want to buy your first home. Best way to find a home is to search online and contact a REALTOR® who can help you focus on your priorities. If you can explain what appeals to you about a particular location, a REALTOR® with local knowledge can identify similar neighborhoods that may have less expensive homes yet matches your wish list. Shift Your Priorities You may need to compromise on a few things form your “wish list” in order to live in a neighborhood that is out of your budget. “Some first-time home buyers opt for a condominium because it can be less costly and require less maintenance, but it’s important to remember that a condo also has a monthly condo association fee that will be part of your housing expenses.”If you

Canada’s economy is expected to continue to grow, but at a slow rate. However, the job growth is expected to grow slowly, but still acceptable in 2014. The slower job growth is not expected to slow the real estate market, as per the survey experts, the real estate market the optimistic for a profitable 2014. This year's survey indicates that capital will be available. The investment market is expected to remain strong in 2014 as both domestic and non-domestic investors find the Canadian real estate market attractive. Any change in the investment market could see a change in the most active acquirers as different investors adjust their return expectations. Urbanization may continue as a dominant trend in 2014 and with it generate the opportunity for redevelopment of urban locations and the rise in mixed-use projects. A number of retailers are expected to continue top ad more and more locations across GTA and Canada, which will boost the retail market by a large margin. D

As the boom of condominiums continues to take hold in 905 different regions, Markham has lead the way for new housing which has started in August. According to figures released by the Canada Mortgage and Housing Corporation, Oakville has recorded the second-highest number of high-rise after the city of Toronto. One of the major indicators of economic health and activity is Canadian housing. The rate of Canadian housing has dipped from 199,800 units in July to 192,400 units in August on an annualized basis.   High-rise condominiums are the majority of the new homes on which the construction has begun at approximately 110,800 units compared to new low-rise homes which are about 64,800 units. If this intensification continues to march skyward we will soon have a bigger gap between the two types of housing.

You think you are paying too much for your condominium apartment. Well think again, because this blog will enlighten you to Canada’s most expensive condominium. With an asking price of $33 million for Trump Toronto’s penthouse, it is officially the most expensive and concrete box nationwide. The “Super Penthouse” at the Trump Toronto hotel, in the city’s Financial District, spans three floors and has panoramic views of the city from 58 storeys up. With 11,755 square feet of space, it is several times the size of the average Canadian home. However, this is not enough; there is the 2,091-square-foot wrap-around terrace. There are high chances that the buyer of this condominium will be a foreign investor either from Asia, Russia or the Middle East. Although the price seems up soaring at the moment, it is actually very cheap if compared to the prices in Hong Kong or New York. The empty penthouse would make a perfect party space for the upcoming Toronto International Film Festival.