Contact Me

Iris Khodkar & Evelyn Lee Sales Representatives
RE/MAX West Realty Inc., Brokerage Independently owned and operated
10-1118 Centre Street
Thornhill, Ontario   L4J7R9

Office 905-731-3948Toll Free 1-866-787-1629

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Featured Listings

  • It's Solar Eclipse Day

    News is buzzing around about today's solar eclipse! Anyone within the path of totality can see one of natures most inspiring sights that happens once every 18 Months on average! However, North America is not expected to see a Solar Eclipse until 2024! This path will be seen fully in completion where the moon covers the sun from Salem, Oregon to Charleston, South Carolina. Toronto and the GTA only got to see part of the eclipse (about 70%). Although to some individuals it did not seem very impressive, for those who watched, a part of the sun was hidden by a "dark" body, aka the moon! This is known as a PARTIAL eclipse. For those curious poeple out there, you might be wondering, what exactly is a solar ecclipse and how does it occur?? Well my friend's you have come to the right blog post: 

    Sometimes when the moon orbits the Earth, it moves between the sun and the Earth. With that being said, at a certain point of time, the moon and sun align at a point where the moon blocks the sun from the Earth making a solar eclipse. There are 3 types of Solar Eclipses: 

    The first Solar Eclipse is known as a total solar eclipse. This eclipse is only visible from a small area on Earth. During today's eclipse, this small area is between Salem and Chalreston. This area is in the center of the moons shadow where the sun is almost completely blocked. During a total eclipse, the sky becomes very dark, as if it were night and temperatures drop below normal! 

    The Second type of Solar Eclipse is called a partial solar Eclipse. This eclipse happens when the sun and moon are not exactly lined up. This is the type of eclipse we experienced in southern Ontario. The sun appears to have a dark shadow on only a part of its surface.

    The third type of solar eclipse is called an Anular Eclipse. This happens when the moon is farthest from the Earth. Becuse of that, the moon might seem smaller. When an eclipse happens at this point, the moon in front of the sun looks like a dark center of the suns bigger disc creating what looks like a ring of light around the moon! 

     

    DISCLAIMER: Never look directly at the sun during an ecclipse! It can permenantly damage your eyes! Make sure you use proper safety equipment! 

    Have Questions regarding Real Estate? The Iris and Evelyn team are here to help! With their countless years of buying and selling Real Estate Properties, their experience and knowledge can help you make the right choice!

    Visit us on Facebook: https://www.facebook.com/irisandevelynteam/?fref=ts

  • Canada's Unemployment Rate Reaches its Lowest in Nine Years!

    This summer has brought upon a series of amazing news! Not only has the housing market been in a stabilizing transition but the economy extended its winning streak in July, posting its 8th consecutive month of job growth! This led to the unemployment rate to drop to its lowest ever since the finnancial crisis 9 years ago! 

    Unemployment rate dropped a drastic 0.2% leading to a total of 6.3%. According to statistics Canada, the number of people looking for work declined significantly. A staggering employment growth of 45,300 was acheived in June along with a growth of 54,500 jobs back in May of this year! The July data was fuelled by an additional 35,100 full time jobs which was offset by the loss of 24,300 part time jobs. Compared to a year ago, the number of jobs increased by 388,000, driven by a surge in 354,00 full time positions! Prosperity is in the air! Aren't you glad to be Canadian?! 

     

    Have Questions regarding Real Estate? The Iris and Evelyn team are here to help! With their countless years of buying and selling Real Estate Properties, their experience and knowledge can help you make the right choice!

    Visit us on Facebook: https://www.facebook.com/irisandevelynteam/?fref=ts

  • Updates on the Toronto Housing Market

    After the introduction of the foreign buyer's tax last spring, which included a 15% tax on foreign buyers in the Greater Golden Horseshoe, expanded rent controls and legislation allowing Toronto and other cities to tax vacant homes, the downturn of the Toronto Real Estate Market was initiated. However, this downturn is expected to be brief, according to the federal house agency. 

    Property prices in Toronto fell from an average of $919,589 in April to $739,915 last month. This fall is said to come to a halt with prices picking up in the near future, thanks to supply constraints and a stronger economy! Like Toronto, Vancouver also experienced a Real Estate slowdown following the implementation of a tax on foreign buyers a year ago. There have been signs this year that the Vancouver housing market is heating up again. It was reported in April that sales in Vancouver's housing market jumped by almost 50% on a month-to-month basis

     

    Have Questions regarding Real Estate? The Iris and Evelyn team are here to help! With their countless years of buying and selling Real Estate Properties, their experience and knowledge can help you make the right choice!

    Visit us on Facebook: https://www.facebook.com/irisandevelynteam/?fref=ts

  • Places to go for the Summer in York Region!

    With the temperatures finally rising in southern Ontario, there’s a lot to take advantage of in the community. If you live in York Region, we have news for you! Below are five locales, you, your friends and family can use to enjoy the sun:

     

    1. SWAN LAKE PARK

    • This beautiful park is located at 25 Swan Park Road, Markham. It consists of a large splash pad, a gazebo, nearby playground and trails around the lake! It also consists of a former gravel pit filled with water teeming with wildlife for you and the family to enjoy!

    2. NORTH THORNHILL COMMUNITY CENTRE

    • This centre, located at 300 Pleasant Ridge Ave, has something for everybody! It includes a big splash pad with a gazebo, an indoor swimming pool. It also includes the Pleasant Ridge Library next door for those who do not like getting wet!

    3. THE WAVE POOL

    • This public facility located at 5 Hopkins Street in Richmond Hill offers a 100-foot water slide, on deck sauna, warm water swirl pool. You can enjoy your stay in peace as the facility is monitored by trained life gaurds

    4. GORMAN OUTDOOR POOL

    • Want to get wet and enjoy the sun at the same time? This outdoor, heated public pool located at 424 D’Arcy Street in Newmarket is accessible with a slope from the shallow end to a depth of 5 feet in the deep end! There are lifeguards, picnic benches and chairs for you to be safe, enjoy and relax!

    5. THE ROC

    • This Sprawling outdoor recreation facility, 26479 Civiv Centre Road in Georgina, features a splash pad with vertical jets, dump buckets, a high volume and ground spray nozzles plis nearby structures and a forest with walking trails! 

     

    Have Questions regarding Real Estate? The Iris and Evelyn team are here to help! With their countless years of buying and selling Real Estate Properties, their experience and knowledge can help you make the right choice!

    Visit us on Facebook: https://www.facebook.com/irisandevelynteam/?fref=ts

  • Keeping Deals Alive in Our Current Real Estate Market

    Nowadays, buyers are having a tougher time closing their Real Estate Deals. This is due to the buyer not being able to sell their existing home for what they exected or reasons like  the lender re-appraising the property they bought lower than what they paid, resulting in a lower mortgage being approved. Either way, the deal cannot close without further negotiations. Here are some things to keep in mind if you are a buyer or seller trying to maintain a deal: 

    Keep The Deal Alive Whenever Possible: 

    According to Mark Weisleder, partner, author, and speaker at Real Estate Lawyers.ca, keeping a deal alive, no matter what the cost, is still better than cancelling and going to court. Whenever the deal breaks down and ends up in court, the only winners are the lawyers. People do not appreciate the time, costs and stress a Real Estate lawsuit provides. 

    Forget About Blaming Your Real Estate Agent: 

    When a deal goes bad, it's easy to try and blame your Real Estate agent for your misfortune. However, it is rarely the agents fault a buyer put in an offer without any conditions during the unbelievable bidding that was witnessed a few months ago. In addition, buyers and sellers must remember that while they have to pay for their lawyers upfront in any lawsuit, an agent has virtually all their legal fees paid for, through their insurance. 

    Remember What To Ask For In An Extenstion:

    If you are going to agree to keep a deal alive by extending it, sellers should try and ask for TWO main terms of extension. The first being an additional deposit, usually non-refundable; to be paid to the seller immediately and to be credited to the purchase price on closing. These funds can then be used by the seller to help pay for unanticipated costs that incur as a result of the extension. Secondly, a request for interest on the balance due on closing at anywhere from 3-7% should be put forward. This compensates the seller for avoiding the use of their closing balance during the extension period and helps pay the extra interest the seller may be paying on their own mortgage. 

    Get Lawyers Involved Early In The Process: 

     In order to try and reduce everyone's losses, sometimes you will have no choice but to put the house back in the market without agreeing to a mutual release. This will involve a more complicated agreement, as the parties will not want to place any conditions on the listing like the deal being subject to a release of a prior agreement. Sellers will need a lawyer to assist you both in the legal processes and someone who understands the MLS listing and selling process! 

    Have Questions regarding Real Estate? The Iris and Evelyn team are here to help! With their countless years of buying and selling Real Estate Properties, their experience and knowledge can help you make the right choice!

    Visit us on Facebook: https://www.facebook.com/irisandevelynteam/?fref=ts

  • Richmond Hill Ribfest 2017

    It's that time of year again! The town of Richmond Hill is holding it's annual Ribfest today, tomorrow and Sunday at the Richmond Green Sports Center and Park! Ribfest is a three day outdoor event that features profesional rib teams travelling to Richmond Hill from across North America! Ribbers cook and compete for various best titles, decided by honorary judges! In additions to the many delicious food options, attendess can enjoy the live entertainment; a Canadian pavilion featuring all things Canadian or play all day in one of the regions largest midways! The beer garden will be once again selling local craft beers! This event is one you will not want to miss! 

     

    Disclaimer: Due to the safety of this festival and to ensure the safety of all ribfest patrons, pets are not permitted within the event area. Pets are, however, welcome to the rest of Richmond Green Park Grounds! 

    Date: Friday July 21st-Sunday July 23rd, 2017

    Times: Friday:      12pm-11pm

                 Saturday: 11am- 11pm

                 Sunday:      11am-8pm

    Location: Richmond Green Sports Centre and Park

     

    Have Questions regarding Real Estate? The Iris and Evelyn team are here to help! With their countless years of buying and selling Real Estate Properties, their experience and knowledge can help you make the right choice!

    Visit us on Facebook: https://www.facebook.com/irisandevelynteam/?fref=ts

  • Advantages of Owning a Condo!

    When it comes to home ownership, a condo is an option that many Canadians gravitate towards. There are multiple advantages to owning a condo. Condo's can be low-rise buildings, townhouses, freestanding houses, duplexes, triplexes or "mixed use" buildings, such as condos above offices or store fronts. 

    What makes condos different from freehold houses is that you own your unit but you also share ownership of the level, building and common areas. You share costs with fellow members of your condo association and the board of directors or a property management company makes the big decisions. Here are some advantages of living in a Condo

    Someone Else Handles The Outside Work 

    One of the biggest advantages of Condo ownership is freedom from maintenance you don't have the time, desire or ability to tackle. Examples of such are shovelling snow, mowing the lawn or repairing outside structures. Monthly Condo fees cover these securities. 

    Many Major Costs Are Shared: 

    A portion of the Condo fees goes into a reserve fund. When the property is well managed, this fund covers major repairs like replacing windows and roofing without aded costs to the owners. Even when the reserve fuel falls short, you're not in it alone as a speed assessment will be done and costs will be shared equally among ownres

    Lifetyle

    If you prefer to live on one floor or in a one-or-two bedroom home, condos allow you to own your own space rather than rent. Common areas like pools and rec rooms offer means to socialize with other people. Many condo developments cater to specific groups- like young professionals, families and other adults. 

    Amenities 

    Some Condos offer benefits you won't see in the average home or apartment building like a theatre room, gym, swimming pool and party room. 

    Price 

    Depending on where you live, some condos are more affordable than owning a freehold home. Furthermore, a mortgage plus condo fees may be equivalent to rent

    Location

    If you're craving a prime spot in a major city, like Downtown Toronto, Condo's may be the only practical option. What you lose in space and higher condo fees, you gain with easy access to work, dining, activities, public transpotation and other amenities. 

    Security:

    Markets say Condos offer greater security than a freehold home or renting. People are more likely to take better ccare of property they own, and some buildings offer a secure entrance or doorman. You might feel safer with neighbours on either side of your unit. 

     

    Speaking of condos! Take a look at this beautiful 3 Bedroom, 2 Washroom Condo justl listed at 80 Inverlochy Boulevard! This Beautiful freshly painted unit features laminate flooring in the living room. It also features a new full size wahser and dryer! Want to enjoy the beautiful weather? The unit has a walkout to a patio, where you can enjoy the artistic garden like scenery it's exposed too! It also has a spacious stoarge for all your belongings. Not in the mood to drive? All your needs are walking distance from you! In a few short minutes, you can walk to Yonge Street, TD Bank, Food Basics, Shopppers Drug Mart, TTC , YRT, VIVA and Go Transit! If you're in the mood to drive, an underground parking spot is waiting for your car to park up whenever you want with no worries of taking snow off during the ugly winter days or the heatness in the hot summer ones! 

     

     

  • Bank of Canada Interest Rate Increase Announcement

    The Bank of Canada hiked its interest rate to 0.75% from 0.5%. This is the first increase in 7 years, amid expectations of stronger economic growth last year. Such a move is bound to increase the costs of mortgages, home equity lines of credit and other loans linked to the big bank prime rates 

    The bank of Canada cut interest rates by a quarter of a percentage point twice in 2015 to help the economy deal with a plunge in oil prices. The governor of the Bank of Canada said that any future changes to the central bank's key interest rates will depend on economic data in the months ahead. The bank also states that economic growth is broadnening across industries and regions, becoming more sustainable with both the goods and services sectors expanding 

    In its outlook for the Canadian economy, the Bank of Canada estimated growth of be 2.8% this year, 2.0% next year and1.6% in 2019. The hike comes as inflation remains below the banks 2% target. But it is belived the recent softness is temporary with the effects of food price competition. electricity rebates in Ontario amd changes in automobile pricing expected to fade. The bank expects inflation to ease further this year due in part to Ontario electricity rebates, but return to 2% by middle of next year. 

    The bank also says that it anticipates exports to pick up in the coming quarters and make an increasing contribution to growth, while business investment is also expected to rise. Consumer spending is expected to continue to be a significant contributor to the economy. However, the bank believes that high levels of household debt and a slowdown in the housing market will weigh on spending. The announcement follows signs that the housing market is adapting to government changes meant to cool the real estate sectors of Toronto & Vancouver and help improve financial stability.

    Have Questions regarding Real Estate? The Iris and Evelyn team are here to help! With their countless years of buying and selling Real Estate Properties, their experience and knowledge can help you make the right choice!

    Visit us on Facebook: https://www.facebook.com/irisandevelynteam/?fref=ts

     

  • The 10,000 Flags Distributed for Canada Day by The Iris & Evelyn Team

    To celebrate Canada’s 150th Birthday, The Iris & Evelyn Team distributed 10,000 Canadian flags not only to celebrate our country’s birthday but to also show their gratitude for its beauty in which we all Canadians reside in. Door-to-door, street-by-street, Iris & Evelyn distributed flags to residents in order to celebrate the country’s 150th milestone. All residents showed much appreciation and gratefulness for the kind act and were all looking forward to celebrate Canada’s Birthday on July 1st.  As a country that strives for multiculturalism, both Iris & Evelyn are immigrants from countries around the world. Celebrating Canada’s birthday on July 1st is not solely about sparking beautiful fireworks and gathering around with family & friends, but it is rather about celebrating the country in which we live in and the many rights and freedoms us Canadians have. Iris & Evelyn are fortunate enough to be working with clients from various ethnicities and cultures, and are very much appreciative both with the clients in which they work with and the country in which they reside in.

    Wishing everyone a very Happy Canada Day once again, and we hope that you all enjoyed the beautiful long weekend!

     

    Have Questions regarding Real Estate? The Iris and Evelyn team are here to help! With their countless years of buying and selling Real Estate Properties, their experience and knowledge can help you make the right choice!

  • Advantages of Living in a Townhouse

    Townhome living maybe the impeccable choice for those who are interested in the texture of a single-family home, without all the maintenance responsibilities. Generally, townhomes are built on a small plot of land within a neighbourhood development, consisting of multiple floors, garage, parking spaces, and a shared wall with another home. In most instances, the townhome community is regulated by a homeowners association that sets the rules for the community and is responsible for maintaining some or all of the exterior and shared property. Each owner in the community is a member of the homeowners association and pays a monthly or yearly association fee to help fund their activities. Here are  some advantages of living in a townhouse to consider before purchasing your next home: 

    1. Townhome Residents are Landowners 

    A townhome and the land it sits on is owned entirely by the homeowner. This small plot of land gives the owner a place to walk a dog, grill outside or have a small garden. Townhouse associations often include lawn maintenance and landscaping in the monthly fee; a convenience for those with an aversion to yard work! 

    2. Townhome Owners are Responsible for Maintaining Only the Interior of their Homes

    Maintenance of a townhouse requires considerably less effort than a single family home. The Homeowners association handles external maintenance and ensures a uniform appearance among all townhouses in the neighbourhood. The homeowners association is also responsible for maintaining parking lots, shared driveways and other common areas . The owner is responsible for all repairs and basic maintenance of the interior of the townhouse 

    3. The Proximity of Townhouse Neighbours Makes for a Secure Community 

    Considering residents of townhomes live close together, neighbours tend to get to know each other and feel a sense of protectiveness over each other. Therefore, townhome communities often have enhanced security over single-home communities because neighbours will watch for any unusual noise of activity. Also, townhome developments are usually well-lit and some even have a security gate 

    4. Townhome Residents Share Common Areas and Amenities All maintained by the Homeowners Association

    Many townhome communities feature amenities and common areas made by  contractors hired by the homeowners association using association fees maintenance. The amenities may include playgroumds, pools, tennis courts, dog parks, clubhouses and other recreational areas. 

    5. Townhomes Are Often Less Expensive Then Single-Family Homes In the Same Area 

    Townhouses have the same financial advantages but are generally less expensive than single- family homes in the same neighbourhoods. Townhome owners also tend to pay lower utility bills because the townhouse shared walls help protect heart loss. And, there is possibly less out of pocket maintenance cost with a townhouse then a single-family home 

    Townhouse residents enjoy the feel of single-family living often at a lower cost and with much less responsibility for maintenance than a single family house. In urban and densely populated areas where land is at a premium, a townhouse may be the perfect option for small families or empty nestors! 

    Have Questions regarding Real Estate? The Iris and Evelyn team are here to help! With their countless years of buying and selling Real Estate Properties, their experience and knowledge can help you make the right choice!

    Visit us on Facebook: https://www.facebook.com/irisandevelynteam/?fref=ts

Contact Me

Iris Khodkar & Evelyn Lee Sales Representatives
RE/MAX West Realty Inc., Brokerage Independently owned and operated
10-1118 Centre Street
Thornhill, Ontario   L4J7R9

Office 905-731-3948Toll Free 1-866-787-1629