Convenince/ Variety Store for Sale - $125000

Seller is highly Motivated

What's going to happen to the Gardiner?

Gardiner Expressway repairs will slow traffic for years There are currently eight projects underway along the 18-kilometre highway: more than $100 million worth of fixes from repairing off-ramps and medians to replacing of 800 metres of actual elevated roadway. These are not scheduled for completion until late 2015. In the meantime, city engineers are working with traffic experts to ease the pain for drivers by staggering lane closures, limiting construction on surrounding roads and modifying traffic signals on streets in the vicinity of the Gardiner in the event of a backup.

The replacement of 800 metres of deck from Strachan Ave. to Spadina Ave., by far the most significant project planned to date, will be carried out in two 400-metre phases. Apart from a break for the Pan-Am Games, traffic will be reduced by one lane in each direction along the busy western stretch from early next year until the end of 2015. Meanwhile, from April to December 2014, three bridges in the western portion of the Gardiner will be refurbished, closing a lane in each direction at those locations. Buckley predicts slowdowns resulting from these projects will persuade many drivers to switch to public transit or stagger their work hours so as to avoid rush-hour. His advice to those with no other option but to brave the Gardiner: “Be patient.” COURTSEY "Toronto star"

How " FREE" is Credit Card Balance protection insurance..

Interesting Read

Balance protection insurance is a profit centre for the banks. They find it an easy sell because Canadians are risk averse and worry about paying their credit card bills in a crisis. Most banks charge you for insurance only when you carry a balance from the previous month. But a few, such as TD, charge fees each month.

TD spokeswoman Huma Pabani said customers are told over the phone that the insurance premiums are based on the average daily balance. After verbally agreeing, a customer gets a letter and certificate of insurance in the mail, showing how premiums are calculated.
sales pitch to buy insurance to protect ones balance if one became sick or lost their job is always misinformed about the ‘fee-free’ coverage. There is always a premium charge if you used the card. 
The trend is caused by lower demand for classic credit cards and transfers of balances to lower-cost lines of credit.When it comes to your credit card limit, banks used to raise it without asking and notify you after the fact. Now they are required to get your consent before increasing the limit.

Why do property taxes vary so widely in the city?

Question: Why do taxes very so widely in the city? It is obvious even from the examples in the Globe and Mail that market value based on sales has little relationship to assessments. One is not allowed to compare to other areas when appealing.

Property taxes in the city of Toronto are calculated by multiplying your home’s MPAC (Municipal Property Assessment Corporation) assessment value by the City’s predetermined tax rate and the province’s education rate.

For the 2013 tax year, the rate determined is approximately 0.75 percent of your property’s assessed value. This rate is broken down into two parts: about 0.54 percent for the city tax rate, and another 0.21 percent for the province’s education tax rate. So for a house assessed by MPAC at $450,000, the annual property taxes for this year would be about $3,375.

“The residential tax rate includes a component for the municipal portion of taxes, and a component for the education portion of taxes,” he said. “The municipal portion of the tax rate is set by Council each year, depending on budgetary requirements. Once Council has established its annual budget, the municipal tax rate for each class is determined in an amount that will raise the required amount to fund the various operating programs, services, and capital requirements of the City. This includes amounts needed for all City programs, including police, fire and emergency services, parks and recreation, transportation, libraries, transit, social assistance programs and housing, etc. The education portion of the tax rate is set by the Province of Ontario, in order to raise amounts needed for education purposes across the Province.”

“The residential tax rate applies to all residential property within the City of Toronto, regardless of location and regardless of the type of residential dwelling type. Therefore, with a single residential tax rate, the only variation between the property taxes paid for a property is the Current Value Assessment of the property.”

How your home’s value is assessed by MPAC. Similar to methods used by many appraisers, there are several factors in determining property value. Physical factors such as age of building, construction quality, finishes, basement, garages, pools and more help to determine the value of the structure. Environmental factors also come into play when determining value; location, lot size, traffic patterns, and surrounding green space to name a few.

you see little correlation between market value and assessed values of a property. I believe this is not the case, there is definitely a relationship between the two, but Toronto’s hot market often highlighted by bidding wars can drastically increase a property’s market value. It should be noted, your home’s assessed value can be lower than market value and this may have a favorable effect on your annual property tax.

Of course, your property value could be assessed for more than you think it is worth, which would lead to an increase in property taxes. MPAC allows you to appeal the assessment through a “Request for Reconsideration” (RFR) free of charge. The process allows you to access information on comparables in your immediate neighbourhood in order to help you justify your appeal.  Request for Reconsideration, the tools and resources are readily available, making the process less cumbersome than you might think it to be.

The last part of question deals with comparing properties in different neighbourhoods.Environmental factors are considered when determining the value of a property – one of which is location. For example, all things considered, a home in Rosedale will always be worth more than a home in a less desirable neighbourhood.

Courtsey : from Globe ans Mail

TRENDS AT A GLANCE - CANADIAN REAL ESTATE MARKET -CMHC

Key factors and their effects on housing starts

Mortgage rates: Mortgage rates are expected to increase gradually and steadily, over the forecast horizon. However, they will remain low by historical standards. Current mortgage rates are supportive of housing demand.

Employment :The labour market has gotten off to a slower than expected start in 2013, with employment growing in the first six months at a little over half the rate in 2011 and 2012. Nevertheless, employment is expected to improve during the course of the year and is forecast to grow 1.4% in both 2013 and 2014, which will support Canada’s housing sector.

Income: Growth in incomes is expected to continue, albeit at a moderate pace, on account of modest economic growth in Canada and global markets. As a result, income growth will remain supportive of housing demand over the forecast horizon.

Net migration: Canada’s economy is expected to continue to perform well, relative to its peer countries. Canada should, therefore, continue to attract a high level of immigrants (net international migration) over the forecast horizon, which will support housing demand in the medium to long term.

Population:  Lower population growth among the 25 to 34 year age group is expected to lead to a slight moderation in demand from first-time home buyers this year and over the longer term. Furthermore, Canada’s low birth rate should lessen the demand for additional housing stock in the medium and longer term. Population aging, however, is likely to impact the type and tenure of housing demanded.

Resale market:  Resale market conditions for 2013 and 2014 are expected to be balanced in most local markets. Nevertheless, some price momentum will see the average MLS® price grow roughly in line with inflation in 2013 and 2014.

Vacancy rates:  The average vacancy rates of purpose-built rental apartments across Canada’s metropolitan centres is expected to decline slightly, to 2.5 per cent, in 2013 and remain at that level in 2014. Lower vacancy rates for purpose-built rental apartments over the forecast horizon are expected to help support multiple-unit housing construction, particularly in 2014, through the expansion of the rental condominium market.

Stock of new and unoccupied units: The stock of unabsorbed new housing units has been stable in the second quarter of 2013, indicating continued strength in demand for newly completed homes. In addition, the ratio of the stock of unabsorbed new units to population, a simple gauge to assess potential over-building is close to the historical average. Nevertheless, should the Inventory increase inordinately , builders may delay or reduce the size of some housing projects. This could lead to sharper - than -expected moderation.

My city Toronto and me as A REALTOR

From dinner gatherings to doctor visits, at virtually every point in our daily lives, we as REALTORS® find ourselves engaged in casual conversation about whether now is a good time to buy or sell a home.

My response to this question is an unequivocal, “Yes!”

Our city’s cultural and economic diversity are key factors that attract people from around the world, newcomers are also drawn by Toronto’s outstanding international reputation. According to a study released recently by the international research firm GfK, Toronto ranks eighth on an index that measures the image of cities around the world.

A recent report by National Bank Financial noted that as a result of immigration, our country’s population of 22- to 44-year-olds grew in 2012 at its fastest rate in more than two decades, increasing by 1.1 per cent. This demographic decreased everywhere else in the developed world. Representing 55 per cent of all immigrants to Canada, it is a very significant age group, as it includes individuals who, in their prime home buying years, contribute to the demand for housing throughout the Greater Toronto Area.

Based on more than 5,000 interviews with adults around the world, the study gauges such factors as a city’s international status, physical aspects, amenities, affordable accommodations, people, attractions, and economic and educational opportunities.

Toronto’s eighth place finish also represents the most significant move within the report’s top 10 cities, climbing from the 13th spot when the study was previously conducted in 2011. 

As Torontonians, we should be extremely proud that our city’s image ranks amongst such world centres as London; Sydney; Paris; New York; Rome; Washington, D.C.; and Los Angeles.

Toronto scored highest with respect to friendliness and safety in this study, ranking second and fourth in the world respectively. I believe that Greater Toronto REALTORS® are an excellent representation of these attributes, as we strive to be our most congenial and courteous while interacting with people from all walks of life on a daily basis.

As REALTORS®, I gain great fulfillment from working cooperatively with  other Realtors and from helping our clients realize the dream of home ownership.

Courtsey from President -Toronto Real estate Board

Convenience And Variety Store for sale in Prime Location

Excellent Established Convenience And Dollar Store Business In Busy Area Near Schools And High Rise Buildings,Lots Of Walk-In Customers. High Profit Margin Business

. If You Are Feeling Creative You Have Possibility To Add More Such As Lotto, Western Union Money Transfer.

This Business Has Monthly Income Of $ 28000 Appx And Expenses Are Only Around $ 4000-5000.

Rent Is $ 3,160/Month. Heat &

Hydro Separate

Full Training Will Be Provided,Buyer Can Verify Sale By Working In Store.