Tag Archives: Ontario

Top 20 Toronto neighborhoods to invest in 2018

Top 20 Toronto neighborhoods to invest in 2018 can assist Professional real estate investors as well as first time buyers to look into the possibility of highest growth in the coming future.

"Toronto is one of the best places to invest in Canada," according to Navtaj Chandhoke,founder of Professional real estate investors group (PREIG) Canada. Toronto is world class city with tremendous opportunities.The last complete census by Statistics Canada estimated there were 2,731,571 living in Toronto,making it the largest city in Canada,and the fifth most populous municipality in North America. Over the next 20 years, Toronto is expected to continue its moderate growth, surpassing 3 million by 2026, and reaching nearly 3.2 million in 2036.

Please fill up the form to get a copy of Top 20 Toronto neighborhoods to invest in 2018. Your suggestions will be greatly appreciated.

The Greater Toronto Area (GTA) is the most populous metropolitan area in Canada.It consists of the central city of Toronto and the four regional municipalities which surround it: Durham, Halton, Peel, and York.As of the 2016 census, the Greater Toronto Area has a population of 6,417,516,and has a census metropolitan area population of 5,928,040.

Top 20 Toronto neighborhoods to invest in 2018

Golden Horseshoe

The regional span of the Greater Toronto Area is sometimes combined with the city of Hamilton,Ontario and its surrounding region, to form the Greater Toronto and Hamilton Area.The Greater Toronto Area anchors a much larger unofficial urban agglomeration known as the Golden Horseshoe and an area officially designated as the Greater Golden Horseshoe.

Toronto real estate is one of the top hottest markets in Canada. For the past 15 years, properties have multiplied in value. Few reasons for high appreciation are high demand, low interest rate, low unemployment. Apart from foreign (overseas) investors and change of family structure there's a new generation which prefer to live in a condo. Based upon recent information 5-10% of Toronto properties are owned by foreign investors. In North America, Toronto might be the only city with such a high density of high rise condos. Due to lack of space, the only way to expand the city is vertically.

Rapid price appreciation in the GTA defined the market during the first four months of the year before buyer concerns over affordability prompted the Ontario government to introduce its 16-point ‘Fair Housing Plan’ in April,2017. Following the introduction of new regulations, including a 15% tax on foreign buyers, market activity and price appreciation slowed significantly and the market shifted towards a more balanced market as many buyers took a wait-and-see approach to assess the long-term impact of the changes. Affordability is expected to continue to be the dominant concern for buyers in the GTA in 2018. That's why you need to look into Top 20 Toronto neighborhoods to invest in 2018.

Speculators, gamblers & professional real estate investors are also jumping on the bandwagon to buy new construction condos, houses and townhouses simply for the purpose of flipping. Renter demand in Toronto is so high, that to rent a decent 1 bedroom condo can cost approximately $2500 a month.

The  largest Greenbelt in the world in Golden Horseshoe in Ontario

The Greenbelt is a permanently protected area of green space,farmland, forests, wetlands, and watersheds, located in Southern Ontario, Canada.It surrounds a significant portion of Canada's most populatedand fastest-growing area—the Golden Horseshoe.

Created by legislation passed by the Government of Ontario in 2005,the Greenbelt is considered a major step in the prevention of urban development and sprawl on environmentally sensitive land in the province.The Government of Ontario states that the Greenbelt includes 800,000 acres (323,748.5 hectares) of land protected by the NiagaraEscarpment Plan and the Oak Ridges Moraine Conservation Plan plus 1 million acres(404,685.6 hectares) of land in the Protected Countryside overarching Greenbelt Plan.That total (7,284 km² or 2,812 mi²) makes this is one of the largest most successful greenbelts in the world.

 

 

 

 

 

 

 

 

 

 

 

Ontario has the worlds largest green belt which doesn't help builders to find cheap land to build houses.

Being a real estate investor there are a few pockets in the GTA where there is a lot of room for appreciation and expansion. It is very difficult to find a detached house in the city of Toronto for less than a million dollars. For the last few years people in Ontario are more focused on getting condos instead of houses. Detached houses are replaced by townhouses & condos. Based upon the last few years we suggest that you look into the following areas in the GTA to invest. We strongly recommend you do your due diligence based on facts, not figures.

There's a huge infrastructure change happening in Toronto, expansion of highways, transit have also fueled home prices. One of the biggest subway expansions opened on December 18th 2017. There are 2 more major LRTs to finish in 2021 & 2022.  Eglington LRT from Kennedy road to Weston road has added a lot of value to the surrounding areas. The other subway from Finch Ave West to Humber college is going to boost value of real estate in the northwest corner of Toronto.

Highway 407 extension to 115 on schedule for 2019 opening

There are two stages in the second phase: the extension of Highway 407 from Harmony Road to Taunton Road will open to traffic in late 2017, and the extension from Taunton Road to Highway 35/115 (as well as the new Highway 418) will open to traffic in late 2019.

Highway 412 and 418

Although connected to the privately owned 407 ETR, the Highway 407 extension is a separate toll road. The extension, along with Highways 412 and 418, is owned and operated by the Province of Ontario.

 

 

 

 

 

 

 

 

 

 

 

 

 

As a matter of fact, people who are working in Toronto come as far as Peterborough which is 130 km away. Properties in the Kitchener-Waterloo due to distance to Toronto.

New highways, roads, go transit expansion are going to have huge impact on real estate values.

Please fill up the form to get a copy of Top 20 Toronto neighborhoods to invest in 2018. Your suggestions will be greatly appreciated.

Toronto Down payment support

Toronto Down payment support Options is a non-profit developer of condominiums. We help people achieve their dream of becoming homeowners by passing along cost-savings and offering down payment support through the Options Down Payment Loan. Since building the first 3 condos in Toronto's Distillery District over 20 years ago, Options has helped 3500 people and their families through our Pay It Forward model.

How Options for Home Toronto Can Boost Your Down Payment

Toronto Down payment support can boost your down payment by 10-15% of the Purchase Price of our suite. The Options Down Payment Loan helps you keep your carrying costs lower by reducing the mortgage amount needed from the bank. This is an optional shared appreciation loan that is payment-free until you sell or rent out your home. All you need to pay is your portion of the down payment, at least 5% of the Purchase Price.

Toronto Down payment support
Get your copy of Directory Forgivable Canadian Real Estate Grants
now at www.GovernmentGrantsCanada.ca

Toronto Down payment support

The Options Down Payment Loan is available to all purchasers through a partnership with Home Ownership Alternatives, a non-profit organization whose mission is to bring home ownership within reach.

When you sell, or at any time you so choose, you repay the original amount that you borrowed plus its equivalent percentage of any profit you make through the increase in the price of your suite. In other words, if your suite has increased in value by 20%, then the Toronto Down payment support has increased in value by the same percentage.

This is an internationally recognized and award-winning “pay it forward” model that relies on the repaid loans of previous purchasers over the past 20 years. The fund is 100% user generated and does not rely on government assistance for its success. Repaid Toronto Down payment support are then used to help fund new communities and keeps home ownership within reach for others.

Toronto Down payment support

Upcoming Communities Toronto Down payment support Toronto Down payment support

The Humber
​Weston Village

A new Options development will be located just south of Weston Road and Lawrence Avenue West, a 5-minute walk from the Weston GO and future LRT station. Right on the banks of the Humber River, this condominium is expected to begin selling early 2018!

Get Priority Access to future Options condos like this one and be among the first to see floor plans before it launches to the public!

Toronto Down payment support

Carlton Street Condos
Downtown Toronto

Options' Carlton Street Condos will be among the most environmentally-conscious condo communities in Toronto. To be located at the corner of Sherbourne and Carlton in downtown Toronto, this is a car-less condo and will feature a variety of environmentally-friendly features such as solar hot water heating and advanced garbage sorting. The 10 parking spots available will be reserved exclusively for a car sharing.

Get Priority Access to future Options condos like this one and be among the first to see floor plans before it launches to the public!

DISCLAIMER

We believe the information contained in this article to be accurate.It is presented with the understanding that we are not engaged in
rendering legal,accounting, or investment advice. 
When professional assistance is required, utilize the services of a licensed real estate
broker, lawyer, accountant, or other consultant as may be required.

Toronto Down payment support
Tickets for LIVE CRASH COURSE at [color=#0000BF]http://www.Flipping4Profit.ca

Ontario Renovates Program for Hamilton

The Ontario Renovates Program for Hamilton offers financial assistance to low-income households who own and occupy substandard housing to enable them to repair their dwellings to a minimum level of health and safety for Hamilton home owners.

Ontario Renovates Program for Hamilton
Get your copy of Directory Forgivable Canadian Real Estate Grants now at www.GovernmentGrantsCanada.ca

The Person with Disabilities Ontario Renovates Program for Hamilton offers financial assistance to households occupied by persons with disabilities who require special modifications to improve accessibility to their residence.

Homeowners may apply if the value of their house is below a certain value and if their household income is at or below certain levels that are based on the number of people in the household. Eligibility is limited to properties in need of major repair in one or more of the following categories: Structural, Electrical, Plumbing, Heating and Fire Safety.


Ontario Renovates Program
Ontario Renovates Program for Hamilton Home Repairs criteria includes but is not limited to:

 

applicants must own and occupy the home, which requires work, as their sole and principal residence;
maximum total household Canadian and foreign gross annual income at or below $60,000;
total household Canadian and foreign assets at or below $10,000;
the assessed value of the home must not exceed $250,000;
the mortgage, property taxes, and home insurance must be paid up-to-date; with no arrears owing.

Approved applicants are required to sign a Loan Agreement to be registered on the title of the home. The cost of a legal representative and registration may be an eligible cost under the program.

Assistance is provided as a 10 year forgivable loan up to a maximum of $20,000 to assist with the cost of certain work required to the home.

If the homeowner remains in the home as their sole and principal residence for the 10 year forgivable loan period, and complies with all program requirements during the term, the loan is interest free and payment free and is completely forgiven after 10 years.

Ontario Renovates Program

The full amount of the loan is repayable if false information was provided by the applicant and/or the funding is used for purposes other than the approved use. If the homeowner ceases to occupy the home as the sole and principal residence, 10% of the loan is forgiven each year and the pro-rated balance of the loan is repayable.

Mandatory repairs relating to health and safety and to extending the useful life of the property qualify. It is important to keep in mind that this assistance is for basic mandatory repairs and not repairs to modernize or improve the appearance on the home.

Eligible repairs for Ontario Renovates Program for Hamilton Home Repairs may include the following activities:

  • Repair / replacement required to remedy leaky roofs where deterioration is beyond practical repairs,
  • basement leaking
  • mould/asbestos removal to eliminate a present health hazard
  • fire safety items
  • electrical defects
  • repairs / replacement mandated by the local municipal Building Department;

replacement of a furnace (or the home’s primary heat source) that has been flagged as obsolete and/or at the end of its useful life and/or beyond practical repair and/or has been tagged prohibiting use.
Ontario Renovates Program
Modifications to increase accessibility including:

  • permanent installations of ramps,
  • handrails, chair and bath lifts,
  • height adjustments to counter tops.
  • cues for doorbells/fire alarms.

Any work started prior to the registration of the Loan Agreement on title is not eligible for program funding.

Work must begin within 45 days of date the Loan Agreement is registered on title and be completed within 120 days of commencement.

Email: housing@hamilton.ca
Phone: 905-546-2424 ext. 2758

[i]If you received previous Residential Rehabilitation Assistance Program (RRAP) funding within the last 15 years or Down payment Assistance Program through the City of Hamilton, you would NOT be eligible for Ontario Renovates.[/i]

DISCLAIMER

We believe the information contained in this article to be accurate.It is presented with the understanding that we are not engaged in
rendering legal,accounting, or investment advice. 
When professional assistance is required, utilize the services of a licensed real estate
broker, lawyer, accountant, or other consultant as may be required.

Ontario Renovates Program
Tickets for LIVE CRASH COURSE at [color=#0000BF]http://www.Flipping4Profit.ca

Ontario Renovates Program for Huron County

Ontario Renovates Program Huron County is designed to improve the living conditions of low to moderate income households in need. It offers financial assistance to complete home repair deficiencies, energy efficiency upgrades and accessibility upgrades for persons with disabilities.

Ontario Renovates Program for Huron County
Get your copy of Directory Forgivable Canadian Real Estate Grants now at www.GovernmentGrantsCanada.ca

Ontario Renovates Program for Huron County

This Ontario Renovates Program for Huron County will be administered through the Housing and Property Services Division and any necessary home inspections will be completed by South Bruce Home Inspection Services.

The program provides assistance in the form of a grant for accessibility upgrades (under $5,000) or a forgivable loan for home repairs (to a maximum of $10,000).

Ontario Renovates Program Huron County

Who is eligible?

You may be eligible if your total household income is at or below $77,600, and you own a home in Huron County that is your sole and principal residence with an assessed value of $260,098 or less.

All property taxes and mortgage payments must be up to date and insurance coverage in place for the full assessed value of the home.

Ontario Renovates Program Huron County

How much financial assistance can I receive?

Funding for accessibility upgrades, up to a maximum of $5,000 is in the form of a grant, and does not require repayment.
Forgivable loans to a maximum of $10,000 will be secured by a promissory note provided by the County of Huron. Maximum one time funding available is $10,000 per household.

What types of repairs can be done?

Eligible repairs under the Ontario Renovates Program may be in one or more of these areas:

  • Heating systems including furnace replacement
  • Chimneys
  • Doors and windows
  • Foundations
  • Roofs, walls floors and ceilings
  • Vents, louvers
  • Electrical systems
  • Plumbing, toilet replacement, water heaters
  • Septic systems and well water, well drilling
Ontario Renovates Program Huron County
Modifications to increase accessibility related to housing, and to the homeowner’s disability include, but are not limited to:

 

 

 

 

 

  • Ramps
  • Handrails
  • Chair and bath lifts
  • Height adjustments to counter tops
  • Cues for doorbells and/or fire alarms


How do I apply?

The application and support materials have been made available in the Resources below.

Applications and additional information is also available by contacting Huron County Housing and Property Services at 519.482.8505 ext 4255, during regular business hours Monday thru Friday from 8:30 AM to 4:30 PM

DISCLAIMER

We believe the information contained in this article to be accurate.It is presented with the understanding that we are not engaged in
rendering legal,accounting, or investment advice. 
When professional assistance is required, utilize the services of a licensed real estate
broker, lawyer, accountant, or other consultant as may be required.

Ontario Renovates ProgramOntario Renovates Program Huron County
Tickets for LIVE CRASH COURSE at [color=#0000BF]http://www.Flipping4Profit.ca

Forgivable Grants for Lambton Home Repairs

The Forgivable Grants Lambton Home Repairs program offers financial assistance to repair deficiencies and improve accessibility for eligible households in need.

Forgivable Grants Lambton Home Repairs program provides one-time assistance in the form of a 10-year forgivable loan, which is secured by registration on title, for home repairs to a maximum of $20,000 per household.

Additional funding above the $20,000 maximum may be approved on a case-by-case basis by the Program Administrator, in its sole discretion.

Forgivable Grants for Lambton Home Repairs
Get your copy of
Directory Forgivable Canadian Real Estate Grants
now at
www.GovernmentGrantsCanada.ca

The program also provides assistance in the form of a grant, which does not require repayment, for accessibility improvements to a maximum of $5,000 per household.

Forgivable Grants Lambton Home Repairs Renovates Information
https://www.lambtononline.ca/home/residents/housingservices/Documents/LR%20Info%20Sheet%202016%20Feb%202016.pdf

Forgivable Grants for Lambton Home Repairs

Who is eligible?

Households who meet the following sample criteria: (For a complete list of eligibility criteria, please see the Forgivable Grants for Lambton Home Repairs Information Sheet above).

  • Total household income and assets complies with the income and asset criteria as listed in the Information Sheet.
  • Own of a home in Lambton County that is your sole and principal residence with a maximum market value of $210,000.
  • All property taxes and mortgage payments must be up to date and insurance coverage in place for the full value of the home.
  • Your home must be in need of repair, energy and/or accessibility upgrades.

What types of repairs can be done?

Eligible repairs under the Forgivable Grants for Lambton Home Repairs Program may include major repairs and rehabilitation required to make your home safe while improving energy efficiency. Examples include but are not limited to:

  • Heating systems including furnace replacement
  • Chimneys
  • Foundations
  • Roofs, vents, louvers
  • Electrical systems
  • Plumbing, toilet replacement, water heaters
  • Septic systems and well water, well drilling

Forgivable Grants Lambton Home Repairs
Modifications to increase accessibility related to housing and the occupant's disability include, but not limited to:

  • Ramps
  • Handrails
  • Chair and bath lifts
  • Height adjustments to counter tops
  • Bathroom renovations


How to apply?

Applications and additional information are available by contacting County of Lambton, Housing Services Department at 519-344-2062 ext. 2165, during regular business hours Monday to Friday from 8:30 AM to 4:30 PM.

Contact:
Project Coordinator
County of Lambton – Housing Services Department
Telephone: 519-344-2062 ext. 2165
Fax: 519-344-2066
Email: mackenzie.kada@county-lambton.on.ca

County of Lambton's Home ownership Down Payment Assistance Program

Home ownership Assistance Program , please note the following:

Homes purchased prior to April 1, 2017, are not eligible for funding.
Eligible applicants must submit the Purchase of Sale Agreement a minimum of 30 business days prior to the closing date.
All program requirements must be met a minimum of 15 business days prior to the closing date (i.e. final mortgage financing confirmation, Purchase of Sale conditions waiver).

Forgivable Grants Lambton Home Repairs

Forgivable Grants Lambton Home Repairs

The purpose of the County of Lambton's Home ownership Down Payment Assistance Program is to provide eligible households living in rental accommodations with loan assistance of up to 10% to a maximum of $21,500 for the purchase of a new or resale home not exceeding $215,000.

Approval for funding is based on the information provided by applicants through the Home ownership Down Payment Assistance Application Form. Conditions for funding include, but are not limited to the following:

  • Applicants must be at least 18 years of age, a Canadian citizen, landed immigrant or have Refugee claimant status
  • Applicants must be a renter, which is defined as a Tenant who has a rental agreement for a self-contained unit with a property owner who is not a relative
  • Applicants and/or their spouse/partner do not currently own a home or have an ownership interest in a home or land
  • Applicants seeking funds to offset construction costs on land they currently own are not eligible for funding
  • Applicants have a maximum household income of $84,100
  • Applicants have a maximum of $100,000 in assets, which includes bank accounts, investments and any property
  • Applicants do not have outstanding social housing arrears in Ontario
  • Applicants will use the purchased home as their sole and principal residence
  • Applicants qualify for a mortgage through a recognized financial institution
  • Applicants who require a co-signer and/or guarantor to qualify for a mortgage are not eligible for funding
  • Home must be modest in size and located in Lambton County
  • Home may be detached, semi-detached, town home, or apartment
  • Mobile homes and homes on Reserve Lands are not eligible for funding
  • Resale homes require a recent home inspection completed by a certified home inspector and paid for by the purchaser/applicant
  • New homes, including conversions from non-residential use, must qualify for a Tarion Certificate of Completion and Possession under the Ontario New Home Warranty Program
  • Homes purchased privately require a recent home appraisal completed by a professional appraiser and paid for by the purchaser/applicant

Forgivable Grants for Lambton Home Repairs

Forgivable Grants Lambton Home Repairs
Conditions for Repayment

Loan is forgiven if home is sold after 20 years provided the homeowner has complied with all the terms and conditions of the Loan Agreement.
If the home is sold before 20 year period expires, homeowner must repay the original loan plus a percentage of the realized capital gain.
If the home is sold before 20 year period expires and homeowner experiences a capital loss, repayment would be reduced by the amount of loss, provided the sale meets the following criteria:

the unit is sold at a fair market value; and
the purchase and sale of the unit is an arm's-length transaction

If the purchaser is in default of any term of the Loan Agreement within 20 years of the date of purchase, it is deemed a sale and the loan plus a percentage of the realized capital gain becomes immediately due.

Application Process for Forgivable Grants Lambton Home Repairs

  • Only complete applications will be considered. Home ownership Down Payment Assistance Application Form. An application must have all information entered and all supporting documentation provided to be considered complete.
  • Incomplete applications will be returned.
  • If an applicant is deemed eligible for the down payment assistance, the following minimum additional documentation is required:
  • Photocopy of the Purchase of Sale Agreement
  • Completion of the Loan Agreement
  • For resale homes, a Home Inspection Report by a certified professional Home Inspector is required, at the applicant's expense
  • For new homes, a Tarion Certificate of Completion and Possession under the Ontario New Home Warranty Program
  • For homes purchased privately, a copy of the home appraisal, completed by a professional appraiser, at the applicant's expense
  • Completed applications along with required documentation can be dropped off at the County of Lambton Housing Services Department. The office is located on the 2nd Floor of the Bayside Centre in Sarnia (150 N. Christina Street) and is open Monday – Friday, 8:30 a.m. – 4:30 p.m.

Contact; Project Coordinator
County of Lambton – Housing Services Department
Telephone: 519-344-2062 ext 2165
Fax: 519-344-2066
Email: mackenzie.kada@county-lambton.on.ca

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal,accounting, or investment advice.

When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

Forgivable Grants Lambton Home Repairs

Tickets for LIVE CRASH COURSE at http://www.Flipping4Profit.ca