PUMPKINFEST (See Flyer)
The Junction PUMPKINFEST is closely approaching. It will be held on Saturday, October the 25th between 2-6pm.
My Broker and owner of Century 21 Fine Living is great enough to organize and host an annual Pumpkinfest!
Feel free to come by and take part in pumpkin carving and many other activities with your children. There are activities for the whole family and it is FREE.
Take home your very own Irish Pumpkin i.e. Your own Jack O’Latern
The Economy – Market Insights (Provided By Mario Nunnaro – TD Financial Consultant) See Full Report.
Equity Market Correction At Hand Equity markets have been under pressure in recent weeks and volatility has increased as worries about the outlook for global economic growth, geopolitical tensions, the looming end of quantitative easing (QE3) and the uncertainty over the timing of rate hikes from the U.S. Federal Reserve (Fed) weigh on investor sentiment. From tensions in the Ukraine and military intervention in the Middle East, to the expansion of the Ebola outbreak and fears of European recession and slowing growth in China, investors are confronted with a deluge of issues and concerns that have been sufficient to stem the market’s upward momentum.
GREATER TORONTO REALTORS® REPORT MID-MONTH HOUSING MARKET FIGURES
TORONTO, October 16, 2014 – Toronto Real Estate Board President Paul Etherington announced that residential sales reported through the TorontoMLS system during the first 14 days of October were up by 12.2 per cent compared to the same period in 2013. Over the same period, new listings entered into TorontoMLS were up by a lesser 5.9 per cent.
“We have seen a strong hand-off from the third quarter into the fourth quarter, as sales for all major home types were up. This suggests that a great diversity of home buyers remain active in today’s market, from first-time buyers looking for affordable home ownership options through to high income households looking to purchase a luxury property,” said Mr. Etherington.
The average selling price for sales during the first two weeks of October was $583,719 – up by 8.8 per cent compared to the same period in 2013. Overall price growth continued to be driven by the low-rise market segments, including detached and semi-detached houses and townhouses.
“Strong annual rates of price growth for low-rise home types were sustained, as sales growth continued to outpace growth in new listings. Sellers’ market conditions are expected to remain in place for the remainder of 2014 and into 2015 as well. This means that high single-digit rates of price growth for singles, semis and townhouses will likely remain the norm over the next few months,” said Jason Mercer, TREB’s Director of Market Analysis.
Average sale price for a detached home in the 416 area is $946 ,131
Carbon Monoxide Detectors are Now Mandatory in all Ontario Homes
October 16, 2014 — As of October 15, 2014, carbon monoxide detectors are now mandatory in all Ontario homes.
Carbon monoxide (CO) is a highly poisonous, odorless gas which is produced as a by-product of combustion when common fuel-burning appliances and equipment that use natural gas, oil, wood, propane and kerosene don’t get enough air to burn up completely. According to the Technical Standards & Safety Authority, most Ontario households have between 4-6 carbon monoxide producing appliances such as a furnace, portable generator and gas fireplace.
Carbon monoxide poisoning can be deadly. Carbon monoxide can build up, especially in confined spaces, and can lead to toxic effects.
To protect Ontarians from carbon monoxide poisoning, the province now requires carbon monoxide detectors near all sleeping areas in residential homes; and in service rooms (such as boiler rooms and garbage rooms), and next to sleeping areas in multi-residential units.
The Technical Standards & Safety Authority has provided these safety tips:
Ensure at least one CSA approved carbon monoxide detector is outside bedrooms. However, it is advised to install one on every floor.
Alarms need to be replaced every 7-10 years depending on the brand. Check the expiry date of the existing detector and replace any devices built before 2008.
Have a licensed technician inspect your fuel burning appliances (e.g., furnace, range, fireplace, water heater) annually, to ensure they are in proper working order and vented correctly.
Replace batteries in your detector annually, or opt for models with 10-year sealed lithium batteries that never need to be changed.
For families with older parents or relatives, help them inspect their detectors.
When a detector sounds, make sure everyone is out of the house and call 911. Exposure to carbon monoxide reduces a person’s ability to think clearly, so don’t delay clearing out.
For more information on carbon monoxide and safety tips, please visit
http://www.cosafety.ca/ and http://news.ontario.ca/mcscs/en/2014/10/keeping-ontarians-safe-from-carbon-monoxide.html
$25-Million Toronto House So Ritzy You Have To See It To Believe It – For Sale – 68 Bridle Path
There were 21 Toronto homes listed for sale above $10 million on the Multiple Listing Service as of Tuesday, but few of them have a claim to fame as large as 68 The Bridle Path, a $25-million, 28,000-square-foot behemoth in the ritzy Toronto enclave also called The Bridle Path.
Built in the early 1980s by real estate mogul Robert Campeau (developers sometimes like to save the sweetest locations for themselves), the house has hosted people like Pierre Trudeau and Jane Fonda, the National Post reports.
It has appeared in TV shows and movies, including the Mary-Kate and Ashley Olsen vehicle “It Takes Two” and an episode of “Suits,” CTV News reports.
It has 10 bedrooms and 14 full bathrooms, numerous fireplaces, a back yard patio that could host a serious party, and an indoor pool you have to see to believe.
Campeau sold the house in 2002 and the current owners, who wish not to be identified, spent years filling the home with antique items dating back to the 17th century, realtor Barry Cohen says.
Cohen told the National Post the owners’ kids have gone off to school and the couple are empty-nesters who want to “downsize.”
Given the size of their current home, that could mean anything.
If anyone is interested I can easily (and would love to see it person) a showing.
Have a fantastic weekend, Anthony