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 ...
It's Solar Eclipse Day
August 21, 2017
Canada's Unemployment Rate Reaches its Lowest in Nine Years!
August 15, 2017
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 ...
Updates on the Toronto Housing Market
August 11, 2017
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 ...
Places to go for the Summer in York Region!
August 9, 2017
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 ...
Keeping Deals Alive in Our Current Real Estate Market
July 25, 2017
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 ...
Richmond Hill Ribfest 2017
July 21, 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 ...
Advantages of Owning a Condo!
July 19, 2017
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 ...
Bank of Canada Interest Rate Increase Announcement
July 12, 2017
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 ...
The 10,000 Flags Distributed for Canada Day by The Iris & Evelyn Team
July 5, 2017
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 ...
Advantages of Living in a Townhouse
June 29, 2017
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 ...