• City Planning Development Meeting

    Toronto City Planning is holding a public meeting for two developments in the East end. Below is the information about the meetings and the developments I received in an email from Paula Fletchers office.

    What: 1761 – 1763 Dundas Street East and 1400 Gerrard Street East
    Date: Wednesday, February 1, 2023
    Time: 7:00 pm to 9:00 pm

    1761 – 1763 Dundas Street East is located on the south-side of Dundas Street East, southeast of the Greenwood Avenue and Dundas Street East intersection. The site is currently occupied by a two storey residential building. The applicant is seeking a Zoning By-law Amendment and Site Plan Approval to permit the development of a 4-storey residential building containing 23 residential units: 3 studio (13%), 9 one bedroom (39%), 6 two bedroom (26%) and 5 three bedroom units (22%). 2 vehicle parking spaces and 38 bicycle parking spaces are proposed.

    1400 Gerrard Street East is located on the north side of the Gerrard Street East between Woodfield and Hiawatha. The site is currently occupied by a 2 storey commercial building with retail at grade, a residential unit above and surface parking. The applicant is seeking a Zoning By-law Amendment and Site Plan Approval to permit a 7-storey a mixed use, rental building with19 residential units: 6 studio (31%), 2 one bedroom (11%), 8 two bedroom (42%), 1 three bedroom unit (5%), 2 four bedroom units (11%) and two commercial units on the ground floor. 2 vehicle parking spaces and 22 bicycle parking spaces are proposed,

    Architectural plans, reports and studies submitted as part of the applications are available to the public in the Application Information Centre here:
    1761-1763 Dundas Street East: www.toronto.ca/1761DundasStE
    1400 Gerrard Street East: www.toronto.ca/1400GerrardStE

    This meeting will be online and/or phone-in only. Participation instructions are provided below and on the meeting notice.

    Join Online
    A link to be used for joining the meeting online will be provided a minimum of two days in advance of the meeting date.

    Join by Phone
    The call-in number and meeting number will be provided a minimum of two days in advance of the meeting date.

    Q + A
    There will be a question and answer period at the end of the presentations. For those participating online, questions will need to be asked using the “Raise Hand” function, as the chat box function will not be actively monitored. For those participating by phone, please dial *3 to ask questions. Representatives from the City and the Applicant’s consultants will be available to answer questions.

    To join, you are required to pre-register at http://www.toronto.ca/cpconsultations

    Click on the links below to see the Google Street map views;

    1761-1763 Dundas Street East

    1400 Gerrard Street East

  • Ontario Line Subway Contract Awarded

    The Ontario Government announced yesterday that Toronto’s new Ontario Line subway contract has been awarded to Connect 6ix. Work is to begin in 2023 and expected to be completed in 2031.

    The Ontario Line will be a 15.6-kilometre new rapid transit line running between the Ontario Science Centre and Exhibition/Ontario Place in Toronto, with 15 stations, including six interchange stations.
    Click here for RFQ information and here for the press release.

    Map of the Ontario Line Subway
    Ontario Line Map – Click here for Interactive Map

    Quick Facts

    • The 15-stop Ontario Line will extend 15.6-kilometres from Exhibition/Ontario Place to the Ontario Science Centre and will offer more than 40 transit connections to other subway, bus, streetcar, light-rail transit and regional rail services, linking communities from east to west, north to south.
    • The Province also released a sample of the subway train renderings prepared by Connect 6ix, showing early-concept designs that will be finalized after further consultation with municipal partners and communities.
    • The trains will be packed with the latest technology and feature onboard Wi-Fi, digital passenger information screens, charging points, dedicated spaces for bicycles, double wheelchair areas, and continuous, connected carriages.
    • On November 9, 2022, the Province awarded the South contract, which includes a six-kilometre twin-bore tunnel, as well as four new underground stations (King-Bathurst, Queen-Spadina, Moss Park, Corktown), two underground stations that will integrate with the existing Osgoode and Queen TTC subway stations, and one above-ground station that will integrate with the existing Exhibition GO Station served by the Lakeshore West line.
    • Early works construction for the Ontario Line is already underway at Exhibition Station, at the site of the future Corktown and Moss Park stations, and in the joint corridor west of the Don River.
    • By 2041, the Ontario Line will reduce greenhouse gas emissions by 14,000 tonnes annually and cut overall fuel consumption by more than 7 million litres a year – the equivalent to nearly 120,000 fill ups at the pump.
    • Improving public transit is vital to supporting Ontario’s economic development and recovery. Every $1 billion invested in transit helps support 10,000 jobs and boosts Ontario’s real GDP by another $1 billion.

    Below are concept renderings for the subway and station.

    Ontario Line Concept Renderings
    Ontario Line Concept Renderings
    Ontario Line Concept Renderings
    Ontario Line Concept Renderings
    Ontario Line Concept Renderings
    Ontario Line Concept Renderings
  • Mortgage Rates | Week of November 14th 2022

    Term – Our Rates

    1 Year – 5.74%

    2 Year – 5.74%

    3 Year – 5.59%

    4 Year – 5.54%

    5 Year – 5.29%*

    5 Year Special – 5.14%

    7 Year   – 5.84%

    10 Year – 6.15%

    Variable Rate – 5.05%

    Rates provide by Darlene Hanley from the Hanley Mortgage Group.

    Darlene Hanley, Mortgage Agent #M08003191

    44 Charles Street West #2304

    Toronto, Ontario M4Y 1R7

    (416) 323-0535

  • Halloween in Leslieville 2022

    Happy Halloween!

    I hope everyone had a safe and fun Halloween this year.  Below are a few of pics from last night. My youngest and I by The Rail Garden for a haunted tour and one from Woodfield Ave that was closed to traffic for the night where the little ghosts and goblins were out in full force.

    Sam Obeid

    The Rail Garden Halloween

    Halloween on Woodfield 2022

  • Toronto Real Estate Acronyms

    Toronto Real Estate Acronyms

    Acronyms, every industry has them and if you are not involved in real estate on a regular basis, it’s hard to know what many of them mean. Below is a list of common acronyms you may come across when buying or selling a home in Toronto.

    A/C – Air Conditioning

    APR – Annual Percentage Rate

    BSMT – Basement

    DTI – Debt To Income ratio

    CMA – Comparative Market Analysis

    CREA – Canadian Real Estate Association

    DOM – Days On Market

    FINTRAC – Financial Transactions and Reports Analysis Centre

    FIN W/O – Finished Walk Out Basement

    HELOC – Home Equity Line of Credit

    HST – Harmonized Sales Tax

    HVAC – Heating Ventilation Air Conditioning

    HVR – Heat Recovery Ventilator

    LL – Lower Level

    LRO – Land Registry Office

    LT – Land Titles

    LTV – Loan To Value ratio

    MPAC – Municipal Property Assessment Corporation

    OH – Open House

    OREA – Ontario Real Estate Association

    PC – Price Change

    PCMLTFA – Proceeds of Crime (Money Laundering) and Terrorist Financing Act

    PC – Price Change

    PITI – Principal, Interest, Taxes and Insurance

    PMI – Private Mortgage Insurance

    PST – Provincial Sales Tax

    RECO – Real Estate Council of Ontario

    RM – Room

    REMIC – Real Estate and Mortgage Institute of Canada

    SC – Sold Conditional

    SO – Sam Obeid

    SPIS – Seller property Information Statement

    SFH – Single Family Home

    SFR – Single Family Residential

    TRREB – Toronto Regional Real Estate Board

    UFFI – Urea formaldehyde foam insulation

    VC – Void Cheque

    VTB – Vendor Take Back Mortgage

    WETT – Wood Energy Technology Transfer

  • Coming Soon

    There is a lot happening behind the scenes so come back soon.

    In the meantime, if you are looking to buy a home or condo in the greater Toronto area or just have some questions please send me a note via the contact form or give me call.