Homelife Top Star Realty Inc

07/01/2022

Wishing you and your family a Happy Canada Day!

01/01/2022

Wishing you and your family a very happy New Year!

12/25/2021

Merry Christmas to all!

10/11/2021

Happy Thanksgiving to all!

07/01/2021

05/30/2021

Federal Government Launches New Home Retrofit Grant Program
Gov. Rel. News 28 May 2021
The federal government has launched a new program that offers homeowners grants to retrofit their homes and make them more energy efficient. The Canada Greener Home Grants program, funded to the tune of $2.6 billion, will offer homeowners grants of up to $5,000 that can be put toward energy-saving projects such as:

Improved insulation;
Air sealing, thermostats;
Energy efficient heating and cooling equipment;
Solar panels; and
Energy-efficient windows and doors.
The program will also include grants of up to $600 that can be used for EnerGuide home energy audits. The Canada Greener Home Grants program is expected to award 700,000 grants over seven years.

There are certain eligibility criteria that must be met in order for the homeowner to take advantage of the grants, including but not limited to:

Provide proof of ownership;
Program applies to a homeowner’s primary residence only;
Eligible property types include ground-related homes and small multi-unit residential buildings up to 3 storeys);
Applies to homes built six months ago or older;
Complete a pre- and post-retrofit EnerGuide evaluation;
Complete at least one retrofit that is both eligible and recommended by the energy advisor in order to be reimbursed.
Applications are now available on the Natural Resources Canada website. An application starts with an energy evaluation by a certified adviser. That adviser visits an applicant's home and determines which energy-saving measures would qualify for reimbursement. If the homeowner chooses to proceed, a licensed contractor would then be hired to conduct the retrofits. After an inspection of the completed work, the homeowner would be reimbursed.

Please check for additional information on program eligibility and to learn more about the initiative.

To support the anticipated need for energy advisors, the government recently announced that it is providing up to $10 million to recruit, train and mentor 2,000 new energy auditors.

In this year's federal budget, the government proposed creating a separate fund of $4.4 billion over seven years through which the Canada Mortgage and Housing Corporation (CMHC) could offer homeowners interest-free loans of up to $40,000 in exchange for authorized energy-efficient retrofit projects. These loans could be available as soon as this summer, and it is believed that more than 200,000 households would take part in that program.
Source: Trreb

02/09/2021

2021 Market Outlook

• Combined home sales reported through TRREB’s MLS® System for the GTA, South Simcoe
County and Orangeville are expected to reach 105,000.
• Strong sales growth will be supported by continued economic recovery, including jobs and record or
near-record lows for borrowing costs.
• The pace of new condominium apartment listings will start to ebb, especially in the second half of
the year. With low-rise listings remaining constrained, expect total new listings to come in at the
160,000 mark.
• Market conditions for low-rise homes, including detached houses, will remain very tight, with sales
rising at a faster pace than listings.
• The overall average selling price for all home types and areas combined will eclipse the $1,000,000
mark for the first time, reaching $1,025,000 and representing a year-over-year increase of 10 per
cent.
• While mortgage deferrals were initially a concern early on in the pandemic, Mortgage Professionals
Canada does not anticipate any pronounced uptick in mortgage delinquencies that would create
systemic concerns as we move through 2021. Most property owners who took advantage of
mortgage deferrals did so out of an abundance of caution rather than financial necessity and
therefore have resumed their regular payments. Per Treb

10/17/2020

1 Bedroom + Den Condo for Sale
$ 489,000 Only Near Yorkdale Shopping Mall
555 Wilson Ave #808

09/08/2020

GTA REALTORS® RELEASE AUGUST STATS
TORONTO, ONTARIO, September 3, 2020 – Toronto Regional Real Estate Board (TRREB) President Lisa Patel announced that the strong rebound in Greater Toronto Area (GTA) home sales continued with a record result for the month of August. GTA
REALTORS® reported 10,775 residential sales through TRREB’s MLS® System in August 2020 – up by 40.3 per cent compared
to August 2019.
Sales were up on a year-over-year basis for all major home types, both in the City of Toronto and surrounding GTA regions. It
should be noted that the low-rise market segments, including detached and semi-detached houses and townhouses, were the
drivers of sales growth. Condominium apartment sales were up on an annual basis for the second straight month but to a lesser
degree.
“Increased demand for ownership housing has been based on improving economic conditions, in terms of monthly GDP growth
and job creation, and the continuation of very low borrowing costs. In addition, fewer households have chosen to go on vacation
as a result of COVID-19 and instead have remained in the GTA and been active in the housing market, satisfying pent-up
demand from the spring,” said Ms. Patel.
Both the number of new listings entered into TRREB’s MLS® System during the month and the number of active listings at the
end of the August 2020 were up on a year-over-year basis. While new listings were up strongly for all home types, growth in
new condominium apartment listings far outstripped growth in the other market segments.
“Generally speaking, market conditions remained very tight in the GTA resale market in August. Competition between buyers
was especially strong for low-rise home types, leading to robust annual rates of price growth. However, with growth in
condominium apartment listings well-outstripping condo sales growth, condo market conditions were comparatively more
balanced, which was reflected in a slower pace of price growth in that segment,” said Jason Mercer, TRREB’s Chief Market
Analyst.
The MLS® Home Price Index Composite Benchmark was up by 11.1 per cent in August 2020 compared to August 2019. Over
the same period, the overall average selling price was up by 20.1 per cent to $951,404. Annual detached and semi-detached
sales growth was stronger in the comparatively more-expensive City of Toronto compared to the surrounding GTA regions,
which helps explain why growth in the overall average selling price outstripped growth in the MLS® HPI Composite Benchmark

07/09/2020

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