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BONIS CONDO


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BONIS CONDO


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BONIS CONDO


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時尚特區最新柏文項目 Minto-West Side


時尚特區最新柏文項目 Minto-West Side

最具發展潛力時尚特區(Front/Bathurst),大型發展項目West Side.。由舉滿美加著名發展及建築商Minto精心策劃,新穎獨特用料上乘。$189,990起。現已開始接受登記預售416-456-3630。

Fastest developing trendy district, Front and Bathurst, substantial new development, West Side is brought to you by Minto. Famous Builder in North America wins Ontario Home Builder of the Year 2014. It will be one of the Icon in condo development in downtown Toronto. Starts from $189,990. Selling is started, 416-456-3630.

 


2015 RENT INCREASE GUIDELINE


 

2015年加租指引

每年,安省政府宣布全省加租指引。

安省政府的每年加租指引安安省居民消費價格指數(CPI)為基礎,消費價格指數是按月計算由加拿大統計局衡量的通貨膨脹指數。今年允許的租金增加速率為1.6%。

該指引的最高金額,是大多數業主可以增加一個租戶的租金,而並沒有雖要向業主與租客委員會提出申請。它是基於消費者物價指數,被視為一個客觀可靠的衡量通貨膨脹在全省經濟中的所有商品和服務價格的變化。

在大多數情況下,一個租戶租金的增加以12個月為週期。承租人必須在至少90天租金增加生效前給予適當的書面通知至。

加租指引適用於2015年1月1日至2015年12月31號。

2015 RENT INCREASE GUIDELINE

Each year, the Ontario government announces the province’s Rent Increase Guideline.

Ontario’s annual Rent Increase Guideline is based on the Ontario Consumer Price Index (CPI), which is a measure of inflation calculated monthly by Statistics Canada. The rate of allowable rent increases for 2015 will be 1.6 per cent.

The guideline is the maximum amount that most landlords can increase a tenant’s rent during the year without making an application to the Landlord and Tenant Board. It is based on the CPI, which is regarded as an objective, reliable measure of inflation, charting the change in the price of all goods and services in the provincial economy.

In most cases, the rent for a unit can be increased if at least 12 months have passed since the tenant first moved in, or since his or her last rent increase. The tenant must be given proper written notice of the rent increase at least 90 days before the increase takes effect.

The 2015 guideline applies to rent increases between January 1 and December 31, 2015.


出租柏文(Condo)空置率下降 Vacancy Rates for Condo Rentals Decline


Vacancy rates for condo rentals decline

The average vacancy rate for condominium apartment rentals was even lower than in the purpose-built market, falling to 1.1 per cent in 2011. Market conditions tightened despite a large expansion to the stock of condo rentals. The 19 per cent increase in the number of rental units was matched by an equivalent decline in vacancies. Units identified as being used for rental purposes now make up 22 per cent of all condos, up from 19.5 per cent last year. Average rents for one-bedroom ($1,376) and two bedroom ($1,589) condos were 40 per cent higher than the same unit types in the purpose-built market.

Cost advantage for renting

Renting a condo is still more attractive from a cost perspective than owning a unit with a minimum down payment. According to data the average 600 square foot resale unit comes with monthly mortgage and maintenance costs of about $1,400 — roughly $50 more than the cost of renting the same sized unit. It is important to note, however, that by next year ownership costs are likely to fall below rent levels in the condo market. Rents are rising quickly — the average for units rented through the MLS system in Q3 2011 was up seven per cent year-over-year. Meanwhile, borrowing costs are expected to remain low and condo prices should stay fairly flat. This will increase the appeal of owning and may draw some households away from condo rentals. 

出租柏文(Condo)空置率下降

出租柏文平均空置率在2011年降到1.1個百分點,甚至比整個出租物業市場的平均空置率還要低。

盡管有大量的新出租柏文推出市場,出租柏文還是供不應求,導致空置率持續走低。出租單位數量有19個百分點的增長,空置量也正好有相等數目的下降。目前用於出租的柏文占所有柏文的22個百分點,比2010年的19.5個百分點有所增加。一居室和兩居室的平均租金分別為1,376元和1, 589元,比出租物業市場的同類型單位高出40個百分點。

租房的成本優勢

從成本費用的角度考慮,目前租住柏文比用最低首期購買物業更劃算。市場研究公司的數據指出,以一套600平方尺轉售公寓為例,每月的按歇和管理費達到$1,400元,比租住同樣面積的柏文多花費$50元。

但是情況到明年將會發生變化,擁有柏文的成本費目屆時將會比租住費用低。由於租金費用正在急劇攀升,2011年第三季度,通過加拿大地產掛牌網(MLS)出租的單位租金就上升了7個百分點。同時,貸款費用保持低下,柏文價格也相對平穩。當買房的條件變得越來越吸引人,一部分人就可能從租房變成買房。


10 Days Cooling Off Period


10 Day Cooling Off Period for Preconstruction Condos

預建共管柏文–10天的冷靜期【中文版】

Buying a preconstruction condo unit is somewhat different with a freehold property. You might have heard of that you have 10 days to think about it. Yes you are. This is one of the unique protections that you have. Many people still not sure what exactly is the 10 Days Cooling Off Period so hopefully this article will clarify any unanswered questions you may have.
 
When you purchase a preconstruction condo in Toronto, the first thing you may realize is that the documents to be signed are substantially more than those of a resale Agreement of Purchase and Sale. The reasoning for this is that there is a lot more legal content that must be included in the agreement as this is a condo unit and the condo building is not yet built. In total, an average preconstruction condo agreement is about thirty five pages, clearly too long to read through with the sales representative in a short time. This is when the 10 day cooling off period comes into play. Once you have signed the agreement of purchase of sale for a preconstruction condo in Toronto, you will legally have 10 days (weekends inclusive) to have your lawyer, or yourself if you choose to review everything stated in the agreement. If for some reason, you decide or your lawyer advises you that this is perhaps not the best choice for you, you can return the agreements to the builder within in the 10 days at no loss to you.
 
In my opinion, the 10 days cooling off period is ideal for those who truly would like a lawyer review in detail all of the legalities of the agreement. In today’s industry, you will find a lot of individuals abusing the 10 day cooling off period to hold units while they essentially shop around for deals. What my advice is? Do your research prior to buying a pre construction condo and have your realtor guide you in the right direction. Use your 10 days to have your lawyer point out any hidden costs in the agreement as well as any other details that may directly affect you.
 
If you are looking for a Toronto preconstruction condo, or would like more information on Toronto condos in general, call or email Wing Lai at 416-456-3630 or winglai@trebnet.com.

 


Landlord's Insurance


 

Special thanks to Adam Keung (New World Insurance Services (Ontario) Limited) providing professional advice for this article. New World Insurance

LANDLORD’S INSURANCE

業主保險〔中文版〕

Owning rental property is a major investment and involves more risks than simply buying a home to live in yourself. That’s why you need landlord’s insurance to protect your investment. There are several kinds of coverage to consider for your rental property.

Liability (third party liability)
You may not be responsible for your tenants’ belongings in case of theft, fire, or other damage, but you are liable for whatever happens to your tenants on your property. Liability insurance protects you against major financial loss should your tenant sue you for a fall, wrongful eviction, or other types of lawsuit claims. The case for physical injury applies if you haven’t taken reasonable precautions to ensure safety, such as regular maintenance, upgrades, or posting warning against perils that you can’t address.
 
Building insurance
This form of coverage protects you against property damage from risks such as fire, floods, burst pipes, etc.
 
Contents insurance
Separate and distinct from building insurance, contents coverage insures you against losses as a result of damage to your furniture (if it’s a furnished unit), walls, flooring, fixtures, appliances, and heating/cooling systems. The more contents coverage you want, the more it will cost, so prioritize what is most important.
 
Loss of rent
This insurance compensates you for any loss of rent if your tenant breaks their lease, refuses to pay rent, or you evict them. Your policy will cover you for a certain period, so find out your coverage limits.
 
Emergency assistance
The farther you are from your rental property, the tougher it is to keep tabs on it. So when things go wrong in your absence, such as an electrical fire or a burst pipe, emergency coverage will help to lessen the impact of costs associated with these unforeseen and potentially costly repairs.
 
Legal expenses insurance
Another layer of protection for landlords is coverage legal expenses, which you can incur while attempting to recover legally owed costs by tenants, such as rent, payment for damage, or the cost for you to legally evict them.
 
Illegal activity on your property
The first step in protecting your investment property is to carefully screen and monitor tenants, such as requesting their social insurance number and checking references beforehand. You can also protect yourself by insisting on tenant’s insurance, requesting a damage deposit, and insist on cheque payments only. While renting the property, conduct periodic checks on the rental unit.
 
Special thanks to Adam Keung (New World Insurance) providing professional advice for this article. www.neworldinsure.com

First-Time Buyers


 

First-time buyers in major Canadian markets
move to get in ahead of higher interest rates, says RE/MAX
 
 
Driven by the threat of higher interest rates down the road, first-time buyers are contributing to strong upward momentum in residential housing markets across the country, according to a report released by RE/MAX.
 
The RE/MAX First-Time Buyers Report, highlighting trends and developments in nineteen major Canadian centres, found that low interest rates and balanced market conditions have provided significant impetus in 2011, particularly at lower price points. Just over 30 per cent of markets are reporting sales in excess of 2010 levels as a result, while almost 70 per cent have experienced an upswing in average price. Leading the country in terms of percentage increases in the number of homes sold are Western Canadian markets, including Saskatoon (up close to 15 per cent), Greater Vancouver (up close to 12 per cent), and Winnipeg (up just over 11 per cent). With an average price hike of close to 20 per cent year-to-date (February), Greater Vancouver continues to show unprecedented strength, followed by Hamilton-Burlington (eight per cent), Quebec City (seven per cent), Winnipeg (close to seven per cent), Greater Toronto (five per cent), and Greater Montreal (five per cent). 
 
Despite homeownership rates approaching 70 per cent, there is clearly room for growth as entry-level buyers make their moves from coast-to-coast, undeterred by higher housing values and changes to lending criteria. Many purchasers intent on realizing homeownership are scaling back on expectations or are willing to sacrifice location, quality and/or size to make their dream a reality – not unlike generations before them.
 
Inventory levels, while tight in several larger centres, are more balanced overall, giving first-time buyers a good selection of housing product from which to choose. Not surprisingly, condominium apartments and town homes have become the first step for many entry-level purchasers, especially in Greater Vancouver, Victoria, Kelowna, Edmonton, Calgary, London-St. Thomas, Hamilton-Burlington, Greater Toronto, the Island of Montreal, and Halifax-Dartmouth where average prices have risen unabated in recent years.
 
With the Canadian economy on firmer footing overall, residential real estate is well-positioned moving into the traditionally busy spring market. Consumer confidence is climbing in conjunction with economic performance, and concerns over a secondary recession fade with each passing day. The mood is cautiously optimistic, as first-time buyers enter the market.
 
Changes to recent financing criteria have not created the anticipated run up in activity in most markets. From a financial standpoint, most rookie home buyers remain quite prudent. Those making the leap are not doing it lightly, buying within their means. While this most recent round of policy tightening will likely have a negligible effect on demand, the message is getting across. 
 
Affordability remains a growing concern in most markets, and—aside from first-time purchasers—no one is more in tune with that than housing planners and developers. In fact, the growing demand for reasonably-priced product is creating a shift in the country’s housing mix. That trend is expected to gain traction in coming years, as builders look to create greater options for those seeking to realize homeownership.    In recent years, builders have helped ease the move to homeownership by concentrating on intensification—condominium buildings with smaller suites and small-lot subdivisions offering detached, compact homes at a fraction of the cost of a traditional single-family home.   On the flip side, the affordability factor is also breathing new life into tired older neighbourhoods, and that, in turn, is contributing to rising values.  
 
As prices escalate, first-time buyers are indeed spending more—some out of necessity, but others are simply in a position to do so. Unlike in years past—a greater percentage of today’s first-time buyer pool is comprised of dual-income, college or university-educated couples with solid earnings. They’re spending close to average price or slightly more to secure—in most cases—a better location or a home that will grow with them.   Yet, the fact remains that those on a tighter budget can get in for considerably less, with reasonable choices in every major market across the country.   While some may feel discouraged by eroding affordability levels, the underlying confidence in the concept of homeownership is rising.
 
While market conditions are one thing that influences first-time buyers, few things trump the fundamental belief in homeownership. Today’s entry-level buyers are steadfast in their mindset. They know they have to live somewhere, but they simply don’t want to pay someone else’s mortgage. Savvy or practical, they remain a driving force. The bottom line is that the demand for entry-level product will remain steady. The role of starter homes in the marketplace is becoming ever more vital.

How To Deal With tenants?


How to Deal With Tenants?

If you are new to buying an investment property and are not sure how to deal with your tenants, this guide will show you how to choose the right tenants for your residential property investment, and make sure you do it right every time.

Step 1

Ask your tenant to fill in a Tenant Application Form. Using such a form (and make it simple), you will be able to discover their: personal information (name, marital status, current address); employment details; bank details (enabling you to do a thorough credit check to see if they can afford your property) and also give you the opportunity to ask them to fill in a supplementary questionnaire. Through this application form you will be able to gain an accurate picture of your tenant’s character and if they are right for your property.

Step 2

Ask for tenant references. During their Tenant Application, tenants should provide you with details of their referees. These should either be their previous/current landlord, current employer, bank or a personal referee who is a professional i.e. dentist, doctor, etc.
It is important that you contact these references personally and don’t take a written reference from your tenant. Given the opportunity they could provide you with a reference written by themselves which falsely amplifies their character.

Step 3

Interview your tenants. Many professional landlords choose to let their letting agents pick their tenants, but this could prove to be a big mistake. By meeting your tenants in person (before they sign the agreement), you can get your own take on their character and see things which won’t always be evident in their application.

Power Of Sales, Distress Sales, Bank Foreclosures


“銀主盤” 是銀行從按揭客戶中收回再出售的房產,它往往意味著超值和抵買,所以對購房者來說都非常有吸引力,但是普通的買家發現這樣的房產並不是一件容易的事情,買家需要長期細心關注報紙才有可能發現這樣的機會。

如果你認定“銀主盤”之中一定有超值的樓盤,你一定會對我免費提供的“銀主盤”清單的服務產生興趣。我的電腦系統每天自動搜索和列出所有最新的“銀主盤”。一旦你決定成為這項服務的受惠者,目前市場上最新的“銀主盤”資料就會成為你的囊中之物,而且列出的房產名單全部在你感興趣的價位和地區範圍之內。這項每個星期的免費服務大大省卻了你到處尋找和打探的麻煩。

如果你想得到這項免費服務,請電416.456.3630。

Distress Sales resulting from bank foreclosures often represent a great way to get a fantastic deal on a home. It’s not easy for the average homebuyer to find these, because it requires being constantly diligent about scouring the paper to discover when one does come up.

If you’re the type of person who recognizes what a great deal some of these properties could represent, you will be interested to know about a new FREE computerized service which automatically searches out and downloads a current list of all such properties day in and day out. When you receive this service, you’re automatically “plugged in” to the most current list of Bank Foreclosures on the market today, in the price range and area that interests you. This FREE service will save you a lot of research and running around.

You can request this free service by simply call 416.456.3630.


National Do-Not-Call List


"不接受電話推銷名單" 現己開始登記

大家辦過簡單登記手續,即可阻擋促銷電話,樂得耳根清靜。登記方法非常簡單,大家可撥打免費電話 1-866-580-3625 或登上 http://www.LNNTE-DNCL.gc.ca 網站,按指示完成登記。

什麼是“全國不接受電話推銷名單” 簡介

 

Do-Not-Call list is effective now

Canadians can sign up to stop unwanted calls and faxes – not to mention the dreaded recorded messages – from a variety of telemarketers. You can register your landline, cell phone and fax online at www.LNNTE-DNCL.gc.ca or by calling one of these toll-free numbers: 1-866-580-3625.

Details about Do-Not-Call list


Warranty for Ontario New Home Buyers


New Delayed Closing Warranty for Ontario New Home Buyers
Tarion Warranty Corporation (“Tarion”) announced that effective July 1, 2008, Ontario consumers who purchase a new home or condominium unit will benefit from the most comprehensive warranty protection against delays in closing or occupancy that is available anywhere in Canada. For Details.

安省新樓房置業者延期交樓保障的新條例
針對新樓房延期交樓或入住的問題,泰利安新樓房質量保證公司(Tarion Warranty Corporation)宣布,安省新房屋或新柏文置業者將會獲得全國最周全的保障,新條例將於2008年7月1日生效。新條例詳情


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