Rosedale, as we know, is a well-known community with a strong reputation for its prestige, eminence and history. This much is true not only in real estate and its residents but in its local businesses within the community as well. Rosedale’s Finest Specialty Foods is a prime example of a local business echoing the reputation that the Rosedale community has to offer.
This boutique grocer, nestled in the heart of Rosedale, offers a plethora of freshly baked goods, top quality imported and local Toronto products as well as gourmet grocery options for its customers to enjoy. Owner and executive chef Jameson Watermulder was the chef for five years at Rosedale’s Summerhill Market before opening Rosedale’s Finest back in 2017.
Rosedale’s Finest has set up shop in one of the community’s old banks and features high ceilings with a two-level shopping experience for its customers; café in the front and groceries in the back.
Their pastry counter is packed with plenty of delicious sweet treats that it will be hard to choose just one! Most of their pastries are baked in house, including their delicious croissants. However, they also have a variety of other options from other local bakeries featured at their counter – Blackbird Baking Co., Delysees and Forno Cultura – to name only a few!
Their prepared food and made-to-order items consistently wow their customers and leave them coming back for more. Some mouth-watering menu options include their duck confit pizza, club sandwich, lamb Osso Bucco and tofu salad rolls. Drooling yet?
In addition, they feature a rare selection of imported and local gourmet groceries which continuously please their customers. From Mr. Flav to Japanese Mayo, Sweety Drop Peppers to Best Ever Food Muskoka nut and seed mix, these guys have it all! Not to mention, the cheese board for the next cocktail party you host this weekend will blow your guests away as Rosedale’s Finest offers a very impressive cheese assortment.
Whether it be breakfast, lunch, dinner or dessert – this spot has got you covered on all fronts – definitely a must try!
The Rosedale community is filled with plenty of boutiques for its residents to discover and enjoy. Thinking of making a move into the Rosedale community? We can help! Contact us today!
In spite of the cold Toronto temperatures leaving us all anxiously waiting for summer to arrive, we have May Long Weekend to look forward to as the unofficial start to summer! This year, May Long Weekend lands on May 18-20th, and if you’re not up at the cottage then not to worry because there is plenty to do in the city that weekend!
Alessia Cara at The Sony Centre for Performing Arts
For all of the Alessia Cara fans out there, Brampton’s own is performing at the Sony Centre on Friday, May 17th at 7:30 p.m. Tickets can be purchased on Ticketmaster. The Sony Centre for the Performing Arts is located at 1 Front Street East.
Spring Beer Fest TO
Attention all beer connoisseurs – visit Fort York Garrison Common on May 18th and 19th from 12 noon – 7:00 p.m. and take part in what is known to be one of the most sought after long-weekend events in Toronto! Sample beer from Great Lakes Brewery, Flying Monkeys Craft Brewery, Mill St. Brewery – to name only a few. Indulge in food from some of Toronto’s top food vendors while enjoying live music throughout the festival. Tickets can be purchased online and include entry to the festival as well as a commemorative sampling mug.
Rib Fest at Yonge and Dundas
Treat your taste buds at the Yonge and Dundas Square Rib Fest! Free admission from May 16th – 19th, Yonge and Dundas Square will be featuring mouth-watering ribs from some of the best in the business across North America – Louisiana BBQ, Kentucky Smokehouse, New York BBQ and Oak & Barrel. With ribs in one hand, you can have a refreshing beer in the other; enjoy craft beer from Craft Heads Brewing, Flying Monkeys, Barnstormer Brewing and Naughty Otter. Not a huge rib fan? No problem, other food vendors will also be making an appearance, offering plenty of other delicious options. Loosen those belt buckles!
Let’s Go Blue Jays!
The Toronto Blue Jays play a major role in bringing Torontonian’s together during the summer, whether it be in your living room or favourite local pub/bar. However, nothing beats cheering on our favourite MLB team in person at The Roger’s Centre. The Toronto Blue Jays play the Boston Red Sox on Monday, May 20th at 1:07 p.m. Tickets can be purchased online at Ticketmaster. Let’s Go Blue Jays!
Fireworks at Ashbridges Bay Park
What better way to end off the Victoria Day Long Weekend than with some beautiful fireworks? Visit Ashbridges Bay Park on May 20th at 9:45 p.m. and enjoy this incredible firework display along the waterfront. Parking is available on Ashbridges Bay Park Road, but remember to arrive early as spots fill up fast. Not interested in fighting the long-weekend traffic? No problem – the TTC will get you here easily! The show will go on rain or shine.
Long-Weekend or not, Toronto is a vibrant city never lacking in fun and exciting festivals and public events that bring everyone together. Contact us today and we can assist in helping you acquire a property within one of the most cosmopolitan cities in the world!
Toronto’s Real Estate Market has shown a significant year-over-year increase in home sales in April 2019. Transactions for residential sales jumped by a substantial 16.8 per cent to 9,042 compared to the 7,744 year-over-year sales in April 2018. Compared to last month’s reported numbers, sales have increased by 11.3 per cent.
On one hand, an increase in new listings has also been reported year-over-year by eight per cent. On the other hand, a much lower annual growth rate for new listings was reported compared to sales numbers. Moreover, this data suggests that the market conditions have steadily tightened resulting in an acceleration in price growth.
Making Sense of The Year-Over-Year Numbers
Given the growth year-over-year in sales, these results offer good news for the Toronto Real Estate Market as it is showing strong signs of catch-up and correction due to a slow start to 2019. The Toronto Real Estate Board’s sales outlook for 2019 does predict an increase similar to that seen in 2018.
However, it’s important we recognize that growth in new listings is not in step with the sales. These statistics echo the continued discussion and concern of the housing supply in the GTA. To this point, the provincial government’s Housing Supply Action Plan announced last week with the objective of reducing red tape and improve the diversity of housing types has been welcomed by TREB.
A Larger Look at April
Compared to the first three months of the year, the year-over-year rate of price growth was demonstrated in April. The average selling price in April 2019 was up by 1.9 per cent to $820,148, which represented the strongest annual rate of growth so far in 2019. Moreover, compared to March 2019, the average selling price also increased by 1.1 per cent.
Price growth continues to rise and due largely to the condominium market. The average price for detached houses plunged year-over-year, more so in the regions surrounding the City of Toronto. In addition, the detached housing market continues to hold the highest price point on average, continues to be steadily impacted by the OFSI stress test.
The Overall Picture
While we notice sales are up year-over-year in April 2019, it is imperative that we recognize they still remain well-below April’s levels for the majority of the past decade. Due to the OSFI assigned two percentage point stress test on mortgages, this arguably leaves many home Buyers left revaluating their options moving forward. The Bank of Canada remains in control of the promise for short-term mortgage rates which have proven to remain unforeseeable. Unfortunately, there has been no indication of flexibility in regards to the OFSI’s stress test. On the whole, healthy, balanced conditions are promising for Torontonians and we can only hope the market continues to increase throughout the rest of 2019 at a similar rate that it has year-over-year for April.
Interested in better understanding this market? We interpret the data as it becomes available to determine how it impacts buyers and sellers. Get in touch to learn how our up-to-the minute knowledge can help you navigate this Real Estate Market.
From charming coffee shops to delicious eateries, to picturesque parks – Toronto is undoubtedly one of the best cities in the world to live in. No matter what you’re looking for in a place to call home, Toronto has something to offer, and every area in this bustling city is entirely different. In this blog, we’ll go over all the most naturally beautiful neighbourhoods in Toronto.
Located in the west end of Toronto, this neighbourhood is home to Toronto’s largest public park –named, you guessed it, High Park! The park is one of the most recognizable and significant natural sites in Toronto. It contains an astounding number of rare plant species as well as several species of wildlife.
Visitors of High Park have no shortage of activities to do as the park features hiking trails, a gorgeous lakefront, a dog park, a playground, a zoo, sports facilities, and greenhouses. The Victorian and Edwardian style homes, winding streets, and magnificent oak trees also contribute to the appeal of this neighbourhood.
Deer Park is an upscale neighbourhood conveniently located at the intersection of St. Clair Avenue and Yonge Street. Residents of this area have access to one of Toronto’s most popular shopping and entertainment districts as well as the luxury of being surrounded by lush greenery and towering trees.
The Deer Park neighbourhood is home to The Rosehill Reservoir and David Balfour Park. The Rosehill Reservoir contains enchanting cobblestones, a fountain, an oval pool, and a small bridge. David Balfour Park has a large playground and a surfaced path perfect for cycling and jogging. There’s no shortage of things to do or see in this picturesque part of town!
This high profile neighbourhood located in the Eglinton Avenue East and Bayview Avenue area is an ideal place to raise children. It has excellent schools, is easy to access using public transit, and has plenty of green space and parks.
One of the many parks in and around the Leaside area is the aptly named Leaside Park. This park has an abundance of amenities, some of which include tennis courts, a baseball diamond, a multipurpose sports field, and an outdoor pool. What more could you ask for?
This charming neighbourhood located in central Toronto is known for its extensive collection of preserved Victorian homes, many of which have been restored beautifully. Cabbage Town also houses two unique outdoor sites – Winchester Park and Riverdale Farm.
Winchester Park consists of several smaller parkettes that are located amongst housing complexes, which makes it easy to access for residents. Riverdale Farm is a working farm sitting on 7.5 acres of property. The farm features a variety of gardens, several ponds, wooded areas, and livestock of course!
Last but not least, Rosedale has long held a reputation for being Toronto’s most prestigious neighbourhood with some of the wealthiest residents opting to live in the area. Despite being just a few minutes away from Toronto’s major shopping, entertainment, and business districts, Rosedale is a lovely place to live with an abundance of parkland and beautiful ravines.
A major perk of living in this area is Rosedale Park, which is one of the best parks in the city. The park has a wading pool, a skating rink, a running track, a playground, two sets of tennis courts, and a baseball diamond.
Are you looking to purchase a home in one of Toronto’s most beautiful neighbourhoods? Contact us today to get an insiders perspective on all the best places and spaces to be!
The days of leaving your home and worrying about whether you turned off all your appliances may soon be coming to an end. Technology has advanced significantly in the past decade. Thanks to automation and smart home systems, our living spaces are becoming a lot more futuristic.
Smart home technology works by connecting various devices, such as lights and thermostats, to the Internet of things (IoT), an interconnection that enables devices to send and receive data. All of these interconnected gadgets can then be controlled through voice control and/or remotely through mobile devices.
While smart home technology is capable of making your life a lot easier, actually knowing which devices are worth automating can get pretty confusing. Thankfully, you’ve stumbled upon this article. Here’s a 101 guide on all things smart homes.
Selecting Your System
The first thing you need to do when venturing into the world of automation is to choose the voice-controlled system you’d like to use. Here are three smart home systems worth considering:
· Amazon’s Alexa: Alexa is one of the most well-integrated and common smart home systems available at the moment. It is controlled through an Echo smart speaker, and there’s absolutely no activation button pressing required to use this system.
· Google Assistant: While Google Assistant doesn’t have as many third-party integrations as Alexa, it makes up for this in its question answering and commanding capabilities. Since Google is such a major player in the search engine space, Google Assistant is much more likely to give correct answers to questions than Alexa.
· Apple’s Siri: Apple’s HomeKit system seamlessly sets up Siri with various home accessories. This system also ensures that the data being transferred between devices and accessories is encrypted and secure. A downside to Apple’s HomeKit is that far fewer devices are compatible with this system than with other smart systems.
Pinpointing the Essentials
Once you’ve established which smart home system is best suited to your needs, you should consider which gadgets are a non-negotiable when it comes to automation. Here are some of the smart home devices consumers simply couldn’t skip out on in 2018:
· Ecobee4: This Alexa-enabled smart thermostat has multiple sensors that can detect hot and cold areas in a room and adjust the temperature accordingly. It also can be used as an Amazon speaker! The Ecobee4 is compatible with Alexa and Apple HomeKit.
· Philips Hue Starter Kit: These smart lights can be either voice or app controlled and change both the intensity and colour of the lights in your house. The Philips Hue Starter Kit works with Alexa and Siri.
· NetGear Arlo Q: This home security system records high-quality audio and video, even when it’s pitch black! It also offers 7 days of cloud-free recording. The NetGear Arlo Q integrates with Alexa and Google Assistant.
If you want to really test out all that smart homes have to offer, there are also smart vacuums, smart scales, and even smart grills available on the market today.
Smart homes are capable of completely changing the way you live by streamlining everyday tasks and making them easier. You definitely don’t want to miss out on all that smart home technology has to offer. And if you’re searching for the perfect place to house all your new gadgets, contact Michael Maxwell Homes today. Your smart home will be one of a kind!
There were 7,187 home sales reported in the Greater Toronto Area (GTA) this March. The average price across housing types was $788,335. While March’s sales statistics have remained relatively flat year-over-year, the average sale price has risen.
On a year-over-year basis, March’s 2019 sales activity in the GTA has remained relatively steady reporting a total of 7,187 sales in 2019 compared to March 2018’s sales of 7,188. March’s new listings have declined more so than sales. March 2018 reflected a new listing count of 14,753 whereas March 2019 reports 13,996 new listings, resulting in a decline by 5.1 per cent year-over-year.
With regard to home prices, this March’s average was $788,335. That sum is up by 0.5 per cent from last March, when it sat at $784,514. This price growth was supported by an increase in market competition as the number of new listings on the market went down (by 5.1 per cent year-over-year).
OSFI stress test
Put simply, the OFSI’s stress test continues to impact the housing market, particularly for home Buyers. The Toronto Real Estate Board is still suggesting a review of the stress test provisions and mortgage lending guidelines. Supply and demand for listings in the GTA continue to remain a concern.
Although the recently announced Housing TO – 2020-2030 Action Plan is something TREB looks forward to supporting, the suggested increase to the Municipal Land Transfer Tax (MLTT) on higher priced properties could pose a problem.
Based on the recent City budget process, results prove that the Municipal Land Transfer Tax does not have the strength to fund municipal programs as a sustainable revenue source. In addition, these statistics also suggest the possibility for a ripple effect on the supply of homes throughout the continuance of house price increases.
Price growth on the horizon
The Real Estate Market conditions year-over-year have remained firm enough to encourage a support system for home price growth.
Although sales are noticeably lower than the record levels of 2016 and early 2017 the Real Estate market has shown a decline in the supply of listings available. In turn, many neighbourhoods throughout the GTA will likely see an increase of competition between home Buyers for available listings for sale. As a result, this could prove a stable level of support for home prices as the year progresses.
Looking to better understand the market? We interpret the data as it becomes available to determine how it impacts buyers and sellers. Get in touch to learn how our up-to-the-minute knowledge can help you get the best price.
With Marie Kondo’s Netflix show, “Tidying Up with Marie Kondo”, recently becoming a huge hit and the winter months slowly coming to an end, there’s one thing on everyone’s mind right now – spring cleaning! In theory, tidying up your place should be a fairly simple task, but anyone who’s done a proper spring cleaning before can tell you this isn’t always the case. Here’s everything you need to know to have a seamless spring cleaning session.
Have a Plan in Place
The first thing you should do before you dive head first into a thorough spring cleaning session is to put a plan in place. Decide what order you’d like to clean the rooms in your house and get a sense of what needs to be done in each space. As a general rule, it’s usually a good idea to clean the room that will take the most work first. It’ll just get easier from there!
Gather the Right Cleaning Supplies
Once you’ve established a plan to tackle the mess, make sure you have all the cleaning supplies you need to get the job done right. If you have disinfecting wipes, a quality duster, and a good ol’ Dyson vacuum, you’re already off to a good start.
Clear Then Wipe
Make sure you clear everything off your tabletops and counters before you give them a good wipe. Don’t forget to also clean the items that are being put back in place – you’ll be thankful you saved yourself some time and effort! The last thing you need is remnants of dirt and debris getting on your now glistening surfaces.
Organize As You Go
While you’re cleaning the various surfaces in your home, you should have some file folders and boxes handy so you can organize as you go and toss anything that doesn’t need to be around anymore. Remember, if an item hasn’t served any purpose for a few years and doesn’t hold any sentimental value it’s probably best to just throw it away.
Don’t Forget The Small Stuff
Pay attention to small imperfections in your paint, finishings, carpets, and curtains so you can make the necessary arrangements to get them repaired. Also, check out your light bulbs and battery-powered gadgets so you can replace them as you go. You deserve to have a place that looks spick and span after all your hard work!
Ask For Help
As for the outside of your home, sometimes it’s best to leave the window and exterior cleaning to a professional. Their expertise can really come in handy in the long run!
Using these spring cleaning tips, your house will be in tip-top shape come springtime. If you have yet to acquire a property that is deserving of your spring cleaning efforts, contactMichael Maxwell Homes today. We’ve got you covered!
Bennington Heights is one of the most desirable neighbourhoods in Toronto, and for good reason. Nestled into the Don River Valley Ravine, this exclusive East York enclave provides both solitude and natural beauty. Area residents enjoy elegant single-family homes, immaculately-landscaped lawns, and gently-curving streets. Take a walk along Bennington Heights Drive, and you’ll immediately realize that you’re not in an average residential community.
A small neighbourhood, Bennington Heights is closely associated with its equally-exclusive neighbour, Leaside. The community is bound to the north by Mount Pleasant Cemetery, to the south by a railway corridor, and to the west by the Don River Valley Ravine. Its proximity to the ravine lends the area much of its scenic character.
Residents of Bennington Heights are in close proximity to an ultra-convenient shopping centre, which is located at the intersection of Bayview and Moore Avenues. This mall provides all of the day-to-day necessities that residents require—from groceries to pharmaceuticals to banking. For those seeking a more upscale experience, the nearby shopping district in Leaside offers a variety of specialty shops.
Evergreen Brick Works is another noteworthy spot for shoppers in Bennington Heights. Located in the heart of the Don River Valley, this eco-focused attraction contains a fantastic marketplace. Check out the local vendors, who sell homegrown foods and a variety of artisanal products.
Things to do
Living in Bennington Heights means having the natural world and fantastic recreational facilities at your fingertips. Evergreen Brick Works is one of the best places for a weekend visit in the area—and not just because of the shopping opportunities it provides. It’s also a unique site where the whole family can learn about our local ecosystem. Featuring natural play spaces, an outdoor interpretive centre, and access to a collection of great nature trails, there’s always something to do at Evergreen Brick Works.
With its scenic Don River Valley views, Bennington Heights Park is another major draw in the area. It’s also home to a fantastic tennis club which contains two courts. Nearby, Evergreen Gardens Park provides a great children’s play area, along with the beautiful Moore Park Trail.
Bennington Heights is served by the bus that runs along Moore Avenue. This route contains a stop at St. Clair Station, which connects residents to the rest of the city via the Yonge-University-Spadina subway line. For those who drive, the Bayview Extension, which meets up with the Don Valley Parkway, is easily accessible from the neighbourhood.
In Bennington Heights, you’ll find a variety of single-family homes built between the 1920s and the 1950s. Many of these houses are built in the English Manor and Cottage styles, adding to the neighbourhood’s overall charm. If you’re looking for a large lot or expansive front yards, you’ll also find many options that meet your space requirements in Bennington Heights. When it comes to average home prices, the typical range is between $2.5-$3M reaching as high as a recent sale at $7,550,000.
Looking to buy a home in Bennington Heights? We know the neighbourhood inside and out. Let us put our local market expertise to work for you! Get in touch and we can set up a time to discuss your needs.
Toronto’s active golf season is coming up in just a few short months and knowing which golf clubs you’d like to visit is a great way to ensure you get the most out of the optimal playing conditions. Living in the city affords you the luxury of having quite a few golf clubs to choose from, but it can be difficult to determine which ones are actually worth your time. Here’s a list of all the golf clubs you should consider going to this season.
The Weston Golf and Country Club, also known as Toronto’s “hidden treasure”, has been offering players a memorable golfing experience since 1915. This well-maintained golf course is located in Toronto’s west end at 50 St. Phillips Road. A great addition to the Weston Golf Club is their classy venue that holds events ranging from business meetings to weddings.
Oakdale was dubbed “Private Club of the Year” in 2015, and for good reason. This club is a triple threat offering not only a golf course, but also a tennis court and swimming pool. Other noteworthy features of the Oakdale Golf & Country Club include their elegant clubhouse and function centre that host a variety of occasions. Located by North Yorks’ Downsview Dells Park, this course has been pleasing golf lovers since 1926!
This private golf club, located on the east side of the Humber River, houses two state-of-the-art courses as well as a year-round tennis court. If you’d like to hold a social event at this club, they also have beautiful venues and reception rooms that open up to a serene outdoor terrace.
Located in the scenic Lawrence Park, this premier private club first came to be in 1893. Since then, it has built up a good reputation for its friendly staff and fantastic view. Rosedale Golf Clubs’ Donald Ross-designed course has even been ranked as the best classic golf course in Canada! As with many golf clubs, Rosedale holds private functions at their elegant event venues.
Established in 1964, the Markland Wood Golf Club has earned an outstanding reputation for its walkable, yet challenging golf course. This golf club is located west of the 427 on Bloor Street and offers a unique trial program to potential members. There’s nothing to lose by giving this club a swing!
There you have it, all the Toronto golf clubs that are worth checking out this upcoming season. No matter which of these clubs you choose to go to, you’ll have a great time. And if you’re on the market for a luxury home to hang out in when you’re not on the golf course, get in touch with Michael Maxwell Homes. We’ll make sure you only see the best homes out there!
There were 5,025 home sales reported in the Greater Toronto Area (GTA) this February. The average price across housing types was $780,397. These numbers reflect some of the ongoing issues that have been impacting the market over the last two years…
On a year-over-year basis, February’s sales activity in the GTA was down. The number of transactions last month was 5,025, a decrease from the 5,148 home sales that occurred during the same month of last year. These numbers reflect a 2.4 per cent drop. It’s worth noting that the decline in Toronto’s home sales didn’t extend to the 905 region (where transactions were actually up slightly).
With regard to home prices, this February’s average was $780,397. That sum is up by 1.6 per cent from last February, when it sat at $767,801. This price growth was supported by an increase in market competition as the number of new listings on the market went down (by 6.2 per cent year-over-year).
Affordability Issues persist
The fact that the market was less active year-over-year isn’t altogether unexpected. The activity we’re seeing now is part of a story that’s well-known to housing market analysts in the GTA.
The stress test set by the Office of the Superintendent of Financial Institutions (OFSI) has had an ongoing impact on mortgage affordability. The result is that many buyers have been unable to purchase homes (particularly detached houses) because they don’t qualify.
Affordability issues help explain why the condo segment remained the main driver of market price growth last month. As compared to the same month in 2018, this February saw average condo prices jump by 7.4 per cent in Toronto (and 3 per cent in other TREB areas).
The overall picture
Put simply, the OFSI’s stress test has had a major impact on the housing market. Many home buyers have been sidelined as a direct result of these measures, and some have been pushed into the lower-density segments. In turn, the home and rental markets have become tighter. Inventory is also an issue, as there were only 9,828 new listings reported in the GTA in February (down from 10,473 during the same month of last year).
What’s happening in the housing market is bound to have an impact on the economy overall. In order to improve the current situation, policymakers should look closely at the effects of the stress test—and think about ways of fostering more affordable homeownership. Given that a federal election is on the way, it’s the perfect time for candidates and government officials to review existing policies.
Looking to better understand the market? We interpret the data as it becomes available to determine how it impacts buyers and sellers. Get in touch to learn how our up-to-the-minute knowledge can help you get the best price.