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It's Legal, so Let's Deal with it!

Tuesday Oct 16th, 2018

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The time is here Canada. We’re officially the 2nd in the world where marijuana/cannabis is legal. I’ll not engage you I the lengthy pros and cons since it’s not what I am here for. But I will remind you that rules of business have changed for the landlords. If you are a landlord or are contemplating to become one, you must familiarize yourself with this new reality to protect your investment. We all need to educate ourselves on the risks involved. ATTENTION: The... [read more]

Smoke Alarms and Landlords' Responsibilities

Tuesday Oct 02nd, 2018

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Have you ever wondered who is responsible maintaning smoke alarms in Ontario? Well, in Ontario, as in many other provinces if not it all, the landlords are legally obligated to install and maintain smoke alarms. Furthermore, it’s not only prudent but also advisable to inspect each rental unit completely at least once a year. As the fines for the failure to comply with the Fire Code are enormous up to $50,000 for individuals or $100,000 for the corporations. And it should be high... [read more]

Property Purchasers Beware!

Saturday Sep 08th, 2018

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If you buy a property from a non-residents of Canada, you can be liable to pay HST and taxes on capital gains if you don't due your due diligence.   Because collecting taxes from someone living abroad, could be practically impossible. That’s why the Canadian tax system, frankly like any other tax systems around the world, has developed a special rule: If there is a gain from the sale of domestic real estate by a non-resident vendor, the purchaser of the property may... [read more]

Real Estate Lingo or What Does POTL mean?

Wednesday Jul 04th, 2018

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The real estate industry lingo is full of abbreviations and special vocabulary reading which for many uninformed is like reading a foreign language. I will try to periodically write about some abbreviations which are incomprehensible to many even if they were written in simple English. Just yesterday, I was showing my clients a seemingly freehold property that has a POTL with a specific monthly fees associated with it. And for many this is where confusion starts since a freehold is not commonly... [read more]

New Pre-Construction Projects

Friday May 25th, 2018

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One of the many benefits working in a big and successful brokerage is having access to all pre-construction projects. Royal LePage Your Community Realty works only with reputable builders who value their reputation and stand by their promises. Currently, I have a VIP access to the following pre-construction projects:  Erin Square by Pemberton Group, Mississauga  Television City Condos, Hamilton  Ellie Condos by G Group Development, Toronto  Sugar Wharf Condos by Menkes,... [read more]

New Construction on Eglinton Ave East, Toronto,

Tuesday Apr 24th, 2018

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Welcome to CARDIFF on 492 Englinton Ave East! A 12-Story, 95 unit Condo Project. Contact me for more information about floor plans & prices. Deadline: April 28-29, 2018.  Occupancy: Fall 2020 Developed by: Sierra Building Group. Interior Designer: Bryon Patton & Associates. Architect: RAW  • Units range from 1 Bedroom to 3 Bedroom Plus Den  • Townhomes from 2 Bedroom to 3 Bedroom + Den  • Amenities: 24-hour concierge, party room,... [read more]

Average Sales Prices for February 2018

Monday Mar 12th, 2018

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It’s time for the Market Watch and for those who are betting on the real estate market and its ups and downs, here are your February sales prices. The prices have not risen, the number of sales have fallen, the inventory of house is up. What the Spring will bring us we’ll know pretty soon, so far it’s a BUYERS Market. What will the year bring us, we can predict with a slightest certainty. What will the future be for the real estate market in the GTA only charlatans... [read more]

Increase in the Mortgage Default Premiums is Here!

Friday Jan 26th, 2018

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As I already wrote on January 17, 2017 the CMHC has announced that the increased premiums will come into the effect on March 17, 2017. The new premiums will result in an increase of approximately $5 to the monthly mortgage payment of the average CMHC-insured homebuyer ($250,000 mortgage loan with less than 10% down payment).  All applications that are submitted to CMHC prior to the 17th will have the old % applied. Anything on or after 17th will have the new increased premiums. If... [read more]

MARKHAM SQUARE EAST TOWER has finally arrived!

Monday Nov 27th, 2017

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MARKHAM SQUARE EAST TOWER has finally arrived! Conveniently located in the heart of Markham & Unionville, one of GTA’s most coveted neighbourhoods!  Perfect for Investors! Right across from the future home of York University’s New High-Tech Markham Campus! Over 4,000 students will be able to concentrate in eight different fields of study, including Arts and Media, Education, Information Technology, Engineering, Liberal Arts, Environmental Studies and... [read more]

New Listing MLS #N3940626

Tuesday Oct 17th, 2017

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"Olde Town" Newmarket Jewel! Chic & Upgraded 3+1 Brm. House Overlooking Natural Forested Ravine in the Private Cul-De-Sac. Features: Dark Maple Hardwood, Cork Floor in Kitchen, Brazilian Quartz C-Tops & Fireplace Mantel. Custom-Made Blinds, Maple Staircase, Custom-Made Railings, 2 Decks W/Custom-Made Wrought Iron & Glass Railings, Heated Floor in Master Ensuite, W/Jacuzzi, Jet Stream Shower, Cedar Sauna In Basement, No Sidewalk, Double Door, Modern Appliances, Custom... [read more]

GO.2-The Village of Maple

Monday Oct 16th, 2017

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Living at GO.2 means never having to live without connectivity, culture and convenience. Connect with neighbouring urban style amenities, shopping centres, parkland and restaurants. Located in the heart of the historic Village of Maple, residents can connect to downtown Toronto or towns across the GTA with walking distance to Maple GO station, YRT/ViVa Transit and easy access to the new subway line (currently under construction).     GO.2 Condominiums embody relaxation... [read more]

Unit for Lease at the Ultra-Modern Home Improvement Centre!

Thursday Apr 06th, 2017

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A fantastic, completely renovated corner unit for LEASE at Improve Centre, 7250 Keele St., Vaughan ON L4K 1Z8. This is the only unit of this kind still available for lease. 441 sq.ft. of retail space close to the food court, South and main entrance. Just move in and open for business!       Location is one of the most important requirements in the residential real estate. It’s a given that price drastically depends on the location of your house or... [read more]

Yonge Parc Condominium is being lauched!

Thursday Mar 30th, 2017

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Hurry up to invest into the most convenient location of Richmond Hill. New development Yonge Parc will be built at the direct intersection of Yonge St. and Highway 7. VIP Platinum Sale ends April 5, 2017!!!   Steps to GO Transit, VIVA, YRT, parks, schools, movie theatres, shopping and major highways.     Details: PROJECT NAME: Yonge Parc Condos ADDRESS: 150 High Tech Rd, Richmond Hill, ON L4B 4N5 PROJECT TYPE:... [read more]

Yes, HST on a New Construction May Be Eligible for Rebate!

Monday Mar 20th, 2017

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Have you just moved into your new (brand new) house for yourself? Or you just bought an assignment for in a pre-construction project and are about to finalize the deal with the builder for yourself and your family? Do you know that you might be entitled to an HST rebate on a new construction condo, town home, duplex or detached home of up to $30,000. Have you just buy a brand new property as an investment (to rent it out)? Do you know that most investors that have closed on a property... [read more]

Dissecting a purchase in Toronto.

Friday Jan 27th, 2017

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In 2016, an average price for detached homes in Toronto reached an outrageous price of $1.2 mil. On top of all new regulations allegedly introduced to calm down the market, it has become extremely difficult to find a property under $1 million in Toronto.  If your desire is to live in Toronto then you have to be flexible, patient and practical. There are not many choices but to look into condominium living, find a fixer upper or look into the neighborhoods located further from the... [read more]

Predictions, predictions...and nothing new!

Monday Jan 09th, 2017

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Spanish philosopher, poet and novelist, George Santayana, once said "Those who cannot remember the past are condemned to repeat it."By studying history, we hopefully learn how do avoid making the same mistakes over again. Hopefully, we learn how to protect ourselves and how to minimize our losses. Markets are bound to go up and down due to many reasons and many of them are difficult to predict as the history has shown. Thousand of economists make an effort, but no one can... [read more]

Investment Opportunities in the US for Canadians!

Tuesday Nov 08th, 2016

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In order to evolve professionally, one has always find new products to offer her clients. I am proud to announce that I have partnered with the Lennar, leading US developing company, to offer my Canadian clients more choice in regard to investment, vacation or rental properties.  To view properties we offer you, please follow this link https://www.ushomeshowcase.com/px/olesa-islamova Please check out my Lennar’s website to see what I can offer you. Thank... [read more]

What the new stress test is all about?

Monday Oct 24th, 2016

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It’s been a week since the new mortgage rules have been in the effect in Canada. And I’ve been inundated with questions regarding their meaning and who is going to be impacted by them. So starting October 17, 2016 all insured mortgages (high ratio mortgages with Loan-To-Value with 80% or less i.e., if your down-payment is 19.99 % or less) will be tested at a dramatically higher interest rate than the one actually being offered by your lender. That stress test rate is based on the... [read more]

Young Families are Once Again a Collateral Damage!

Tuesday Oct 04th, 2016

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Yesterday, there was so much media fanfare about imposing a capital gain tax on the non-residents that almost no one gave a deep thought about much more important implication of the Fed's announcement of "regulating" the housing market in Canada. The Department of Finance is "proudly adding" one more layer of the regulation to impede the first-time buyers (specifically young families with small kids) to ever qualify to buy their own properties in... [read more]

What it costs you to buy in Toronto.

Tuesday Sep 20th, 2016

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As already mentioned in my previous post from September 13, 2016, in August the average Toronto price jumped to $710,410 for all properties and to $1.2 mil. for the detached properties. As one of my clients just told me these are some crazy numbers!!! But is it still possible to find a detached property in Toronto for under $1 million. Actually it still is! But you need to be ready that in the most neighborhoods it will be a fixer upper. You also have to be willing/able to... [read more]

Financial Breakdown for Active House Hunters

Monday Sep 12th, 2016

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As you already heard, the GTA property prices are up again. While the average Toronto price for all properties jumped to $710,410 in August, you can still buy a very nice property in the GTA for less than $650,000.   If you’re actively looking for a still affordable house for your family, here is a nice semi-detached, corner house for you to consider in Newmarket, Ontario.   Within walking distance to schools, parks, grocery stores, shopping centres and public... [read more]

Invest into the heart of Toronto to be around it all!

Tuesday Jul 26th, 2016

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Sometimes the only way to get into the neighborhood of your choice is to invest into pre-construction. I have my own opinion about wisdom of investing into a pre-construction but the real estate adage location, location, location can justify all doubts about a particular pre-construction project. Some neighborhoods are really too great to resist for people who look to the future. Let me introduce to you 8 Cumberland Condos located in the heart of the Bloor-Yorkville community,... [read more]

Oh, Cottage Life: a dream of many, a dream of mine!!!

Tuesday Jul 05th, 2016

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I know some of you are going to call me nuts but I will spill the beans and tell the web audience what only my closest people know. I dream about a retirement!!! Yes, there is actually someone out there in her mid-30s who is dreaming about the retirement. I think my eventful life is actually a main culprit: I as so many of my generation have lived through so many interesting times, that I have enough stories to tell for a Russian novel size autobiography.    However, I don’t... [read more]

Not to miss opportunity to live in the heart of Toronto!

Monday Jul 04th, 2016

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Another new development just completed by Harhay Developmentsand Carterra Private Equities.   OneEleven is a new fashion hub for those who like feeling the pulse of Toronto and be close to its myriad of restaurants, entertainment venues and urban shopping. OneEleven is a new 17-story condo development at 111 Bathurst St., located between Queen W and King W Streets at Wellington Place. It has 255 stunning units designed to appeal to... [read more]

Considering pre-construction projects with the eyes wide-open!

Monday Jun 20th, 2016

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In the last decade Toronto and the Greater Toronto Area have experienced a construction boom.  It has affected every single resident of Toronto and the GTA and not only those who buy pre-construction for personal or investment purposes. Living on a border of Toronto and York Region means I’m constantly driving in one of the busiest pre-construction areas. And while it makes me pleased with a revival of the communities, as everyone else I’m annoyed by the constant... [read more]

Significance of numbers in our lives.

Monday Jun 13th, 2016

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Have you ever thought about a significance of numbers in your date of birth? Your house number? In your marriage date? Birth dates of your kids? Have you ever tried to avoid scheduling an important meeting, celebration, flight or closing date on a date that has a supposedly unlucky number in it? Let’s say 13 or 4 or any other you consider as one? As a realtor who enjoys working with people of diverse backgrounds, I started noticing how the real estate industry is... [read more]

Amazing opportunity!!!

Friday Jun 03rd, 2016

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Many of my clients don’t want to invest into the pre-construction because of the long wait times and many unknowns. However, living in the brand new premises appeals to them enormously. So now there is a chance to move in with just 5% down payment into the brand new condominium on Yonge St. in the heart of Richmond Hill, Ontario. Xpression Condos on Yonge St. built by the well-known Zancor Homes offer luxury living at affordable prices. Units range from the... [read more]

The Real Estate market is not uniform.

Tuesday Mar 08th, 2016

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GTA Freehold Real Estate market is increasingly stretching out of reach for many first-time buyers especially young families and newcomers. Prices for detached, semi-detached and even townhouses are going up every month creating a feel of craziness and frustration for many participants and observers. No one can surely predict where it's going and virtually no one can abstain from commenting on it.  While sellers are generally exultant to be able to capitalize on their initial and... [read more]

Real Estate Market Watch Report for February 2016.

Saturday Mar 05th, 2016

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The numbers for February 2016 are in! After strong start in January, the shortest month of the year had once again brought us the record prices even taking into the consideration new mortgage rules effective as of February 15, 2016: mandatory 10% down payment for the properties above $500,000. So here are the results*: GTA total sales were 7,621 (21.1% up in comparison with February 2015). The average selling price was $685,... [read more]

How to improve your credit score

Thursday Oct 08th, 2015

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I think it will make sense if I talk a little bit about a credit score and how to prepare yourself for a mortgage application in the best way possible since I started my blog from the post on mortgages. I don't think anyone doesn't realize the importance of a credit history in applying for a mortgage. However, life happens and our financial situations get screwed (pardon my language) from time to time. But as long as you take a fast control of your... [read more]

Importance of mortgage pre-approvals or simply being ready.

Tuesday Sep 08th, 2015

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Do I really need to get a mortgage pre-approval before I start looking for my dream property? This is the most frequent question I receive from buyers (especially, the first time buyers) during our first interview. Below is my opinion based on my own experience and it cannot be relied upon when making your financial decisions. I highly recommend everyone to talk to a mortgage specialist about your particular situation and for more professionally detailed... [read more]

Welcome to my Blog!

Monday Sep 07th, 2015

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Hello and thank you for visiting my Blog. I hope you found everything you've been looking for on my website, but if not, please don't hesitate to send me a quick note and I'll be delighted to help you with any of your questions about the real estate industry. In my blog, I'll try to answer questions that my clients ask me all the time and as an extra bonus give you some helpful information. Sometimes, I'll even be funny and try to amuse you with some anecdotes or funny... [read more]

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