Peter Lim

06/16/2025

🏙️ Sky-High Living at 4099 Brickstone Mews – 35th Floor Corner Unit with Iconic Views

Step into a beautifully upgraded 1 + 1 bedroom suite perched on the 35th floor, offering panoramic south and east-facing views of Lake Ontario, Celebration Square, and the CN Tower.

✨ Bright & Airy Layout
Wraparound floor-to-ceiling windows, 9-ft ceilings, and engineered flooring create a clean, open atmosphere that’s filled with natural light from sunrise to sunset.

🍽 Modern Kitchen
Sleek stainless steel appliances, granite counters, and an open-concept flow—designed for both quiet mornings and easy entertaining.

💼 Functional +1 Den
Whether you're working from home or hosting guests, the den adds flexibility to fit your lifestyle.

🌇 Large Private Balcony
Extend your living space outdoors with a 120 sq ft balcony offering unobstructed skyline and lake views.

🏢 Full-Service Building Amenities
Indoor pool • Fitness centre • Rooftop terrace • Party room • Guest suites • Concierge • Visitor parking

📍 Unmatched Location
Steps from Square One, Sheridan College, GO transit, cafes, restaurants, and shopping. Quick access to major highways.

💰 Listed at $568,888, this move-in-ready unit is ideal for professionals, remote workers, or investors seeking long-term value in one of Mississauga’s most walkable neighbourhoods.

📲 Book your showing today and experience the view yourself.

Peter
437-345-5939
[email protected]

03/04/2025

Five Key Ontario Housing Law Changes Effective in 2025

• Several significant housing laws and regulations came into effect in Ontario during 2025, addressing issues like renovictions, increasing housing supply, and improving building code harmonization.

• Toronto implemented a Rental Renovation Licence By-Law, effective July 31, 2025, requiring landlords to obtain a license and create tenant accommodation plans before issuing N13 notices to end tenancy for renovations, thus combating renovictions.

• Amendments to the Ontario Building Code, effective January 1, 2025, now allow for mass timber buildings up to 18 storeys, increasing housing density and utilizing sustainable building materials.

• Further amendments to the Ontario Building Code, also effective January 1, 2025, aim to streamline processes and increase harmonization with National Construction Codes, reducing regulatory burdens for developers.

• Toronto's short-term rental by-laws, with the final phase effective January 1, 2025, increased registration fees, clarified licensing categories (entire-unit vs. partial-unit), and restricted advertising for partial-unit rentals to protect long-term housing.

• Updates to Household and High Need Income Limits (HILs and HNILs) under the Housing Services Act, effective January 1, 2025, adjusted income thresholds for housing assistance based on updated Canada Mortgage and Housing Corporation data, ensuring better alignment with current housing costs.

• These changes reflect a concerted effort by the provincial and municipal governments to address the housing affordability crisis in Ontario through various regulatory and legislative means.

Out with the old and in with the new, as they say. With the new year comes new housing laws and regulations that will impact everyone from builders to buyers and renters across Ontario (and in Toronto, specifically). Major changes to be aware of include the implementation of provincial and municipal...

12/22/2024

09/17/2024

Canada's inflation rate drops to 2%, lowest in over 3 years

• Canada's inflation rate has finally reached the Bank of Canada's target of 2% in August, marking the lowest level since February 2021. The decrease from 2.5% in July was primarily driven by lower gasoline prices and significant discounts on clothing and footwear, which saw their first decline in August since 1971.

• This unexpected slowdown in price growth has raised the possibility of a larger interest rate cut next month by the central bank, as Governor Tiff Macklem has indicated a willingness to take such measures if inflation or the economy slows down more than anticipated.

https://toronto.citynews.ca/2024/09/17/statistics-canada-to-release-august-inflation-figures-today/

09/16/2024

The Canadian government has extended the Foreign Buyer Ban to December 31, 2026. If you are a non-Canadian citizen or permanent resident, you won’t be able to purchase single-family homes, duplexes, or triplexes in Ontario and across Canada until January 1, 2027. Here’s what you need to know:

For Canadian Citizens & Permanent Residents:

You can still purchase any property this year or next, regardless of where you live, and you won’t be subject to the 25% land speculation tax.

For Foreign Buyers:

You can purchase vacant land zoned residential or multi-unit properties (4+ units).

Joint purchases with a Canadian spouse for a primary residence are allowed without paying the additional tax.

Work Permit Holders & Students:

You may still be eligible to purchase property but may face the additional 25% tax at closing. Rebates are available if you become a permanent resident within 4 years.

09/10/2024

What Do Home and Tenant Insurance Cover?

Key Takeaway
Understanding home and tenant insurance coverage is crucial for protecting personal property and liability against unexpected events.

Summary
Purpose of Insurance: Home, condo, and tenant insurance provide financial security against unforeseen circumstances, often required by lenders or landlords.
Coverage Details:
Home Insurance: Covers entire homes, including structure, personal belongings, liability, and additional living expenses.
Tenant Insurance: Covers contents, personal liability, and additional living expenses; landlord covers structural insurance.
Common Clauses:
Includes complete replacement of property due to disasters like fire.
Specific coverage for water damage and personal liability claims.
Renovations and Additional Coverages:
Notify insurer about renovations to ensure proper coverage.
Optional endorsements such as food spoilage, identity theft, and home-based business coverage.
Insurance Broker Benefits: Helps access personalized coverage and navigate insurer options, especially beneficial for complex cases or denied standard coverage.

Explore coverage options, endorsements, and how to maximize your policy benefits with our comprehensive guide to home and tenant insurance.

09/10/2024

https://www.realtor.ca/blog/6-signs-it-could-be-time-to-buy-a-home/34585/1363

Wondering when might be the right time to buy a home? Here are some signs that might indicate it's time to look for your dream home.

08/17/2024

TRREB Summary July 2024 Stats

GTA home sales in July 2024 were up compared to July 2023.

GTA REALTORS® reported 5,391 home sales through TRREB’s MLS® System in July 2024 – a 3.3 percent increase compared to 5,220 sales reported in July 2023. New listings entered into the MLS® System amounted to 16,296 – up by 18.5 percent year-over-year.

On a seasonally adjusted basis, July sales and new listings edged lower compared to June.

The MLS® Home Price Index Composite benchmark was down by approximately five percent year-over-year in July 2024.

The average selling price of $1,106,617 was down 0.9 percent from $1,116,950 in July 2023.
On a seasonally adjusted monthly basis, the MLS® HPI Composite and the average selling price were both slightly up compared to June 2024.

“As more buyers take advantage of more affordable mortgage payments in the months ahead, they will benefit from the substantial build-up in inventory. This will initially keep home prices relatively flat. However, as inventory is absorbed, market conditions will tighten in the absence of a large-scale increase in home completions, ultimately leading to a resumption of price growth,” said TRREB Chief Market Analyst Jason Mercer.

03/21/2024

Do you currently have a private lender who does not want to renew your loan due to the changing market conditions or is asking for a hefty renewal fee to extend the loan?

I want you to know that you have options, and I also want to give you some tips to help navigate the situation:

Ensure that your payments are up to date while you negotiate or explore other alternatives. Do not let your interest payments fall behind, as that gives the lender a strong reason to pursue collections via a power of sale.

Reach out to your mortgage broker and have them assess the situation and present you with alternate options to exit the loan. Have them put together a letter addressed to the lender indicating that they will be paid out. This will give you leverage in negotiating an extension and potentially lower the fees for that extension.

If you are not happy with the options presented to you, seek a second opinion. We've had clients approach us thinking that their only option was to renew or switch to another private lender,
and we were able to get them qualified with banks.

SearchRealty Mortgage will find you the right lender #토론토부동산 #토론토