Recent Blog Posts by Luci Rizzo

The Autists - an event in support of the Geneva Centre for Autism

Mark your calendars for the 3rd Annual "The Autists" event on Thursday, May 24, 2012, at an exciting new location:Toronto’s Corus Centre. It promises to be a great evening of fun, art and music for a great cause. Please contact me for more details, tickets or silent auction donations. Buy tickets online www.theautistsgala.com. This is a great cause in support of the Geneva Centre for Autism. ...

Fundraiser in support of autism research

Mark your calendars for the 3rd Annual "The Autists" event on Thursday, May 24, 2012, at an exciting new location:Toronto’s Corus Centre. It promises to be a great evening of fun, art and music for a great cause. Please contact me for more details, tickets or silent auction donations. Buy tickets online www.theautistsgala.com. This is a great cause in support of the Geneva Centre for Autism. ...

Fundraiser in support of autism research

Mark your calendars for the 3rd Annual "The Autists" event on Thursday, May 24, 2012, at an exciting new location:Toronto’s Corus Centre. It promises to be a great evening of fun, art and music for a great cause. Please contact me for more details, tickets or silent auction donations. Buy tickets online www.theautistsgala.com. This is a great cause in support of the Geneva Centre for Autism. ...

VIP Platinum Access INDX Condos Toronto

Don't delay, Sure to be one of Toronto's hottest new addresses in the heart of the financial district. The Subway and Underground PATH are right there. For more details and best selection please contact: Luci Rizzo, Sales Representative Century 21 Percy Fulton Ltd, Brokerage 416-380-2111 lrizzo@trebnet.com

VIP Opportunity 1 Thousand Bay Don't delay!

Spectacular Triple "A" Real Estate in the Heart of the City   The Investor Suites of 1Thousand Bay     with suites starting from the mid $200,000's   Next to the University of Toronto across from The World Famous Sutton Place Hotel and an eight minute walk to Yorkville Just steps from both the Wellesley & Bay Subway Stations, Yorkville, Toronto General ...

Toronto Real Estate November 2011

From the November 2011 Market Watch (Toronto Real Estate Board): Greater Toronto REALTORS® reported 7,092 residential transactions through the TorontoMLS® system in November – up 11 per cent in comparison to November 2010. At the same time, the number of new listings was up by 14 per cent in comparison to last year. “We have seen strong annual sales growth through the 2011 fall ...

Pace of Home Sales Remains Brisk in October 2011

From Toronto Real Estate Board's October 2011 Market Watch: November 3, 2011 -- Greater Toronto REALTORS® reported 7,642 home sales through the TorontoMLS® in October 2011. This represented an increase of 17.5 per cent compared to the 6,504 transactions reported in October 2010. Monthly sales data follow a recurring seasonal trend that should be removed before comparing monthly results within ...

Land Transfer Taxes

Land transfer taxes are charged based on the price of a home; the higher the price, the higher the tax. In the past, when home prices were lower, the provincial land transfer tax rebate essentially provided for a complete exemption for first-time buyers.  However, from 1996 to 2010, the average price of a resale home in Ontario went up 120 per cent from $155,725 to $342,245.  Specifically ...

Candadian and Out of Country Residents Buying Toronto Condos for Investmetnt

It  is said that anywhere from 60 to 80 percent of all new downtown condos are being sold to both local and out of country investors.  Real Estate is perceived by many to be a safe and tangible long term investment.  Our Canadian investors know it and so do those investors out of country.  Not to mention that Canada's banking system has been identified as one of  the best in ...

New and improved MLS Districts

This summer, TREB plans to implement new MLS® districts with easier to understand community names.  The current 86 alpha-numeric districts are not only arbitrary, they’re out of date. Many of them were drawn when places like Markham and Vaughan were mostly rural and not the bustling communities that they are today.  Re-Districting will allow Realtors to target a searches ...

Toronto Transit Announcement

Efficient transit is essential to the the growth and well-being of our City. Here are some details on the new transit plan as announced March 31, 2011, by Premier McGuinty and Mayor Ford: The Eglinton line: It will run from Black Creek Drive to Kennedy Road, for a distance of about 25 km, and will have up to 26 stations. The line will be largely underground from Black Creek to Kennedy, then partially ...

A new year!

A new year and some changes. The first half of January 2011 saw a drop in new listings in the Toronto market. This could present a good selling opportunity. Call me for a market update in your area! Also,the federal government has announced changes to mortgage financing rules for government-backed (insured) mortgages (less than 20 per cent down payment), which will affect maximum amortization periods, ...

Toronto's Underground PATH

On a recent vacation in Europe I was surprised that locals mentioned the underground PATH system when I told them I was from Toronto. Perhaps we take it for granted, but Toronto's underground PATH at 28 kilometres long is the largest in the world and connects over 50 buildings and office towers. With new buildings and future plans, we could see the PATH in future extended to over 70 km in length! It's ...

MLS Postings and the Public

There has been much public misinformation concerning the Agreement between the federal Competition Bureau and the Canadian Real Estate Association (CREA). In an effort to explain the MLS rules, I have posted below two FAQ's on the topic, and CREA's response to them: Can the public put properties directly on Board MLS® Systems? No. Board MLS® Systems are still member to member ...

Toronto's late Fall market

We've been hearing a lot lately about the slowing real estate market. Actually it's really just returning to a more typical market, but that's another topic. Buyers today are quite sophisticated and are being very choosy about the home they buy and the area. So while there may be a lot of listings on TREB, there's not enough of the ones Buyers are looking for. The good ones don't last long! If you're ...

Fabbrica Restaurant in Don Mills

Last evening, after returning from the 2010 Century 21 Canada Conference in downtown Toronto, we thought we would treat ourselves to dinner out at Fabbrica, Mark McEwan's new restaurant at the Shops of Don Mills. I was joined by my husband and business partner Marc, my mother Angie and son Stefan. As the restaurant was open for less than a week there were the expected service glitches, all minor. The ...

August 2010 TREB mid-month update

TORONTO, August 17, 2010 ‐ Greater Toronto REALTORS® reported 2,732 sales through the Multiple Listing Service® (MLS®) during the first two weeks of August 2010. This represented a 29 per cent decrease compared to the 3,832 sales recorded during the same period in 2009. New listings, at 4,770 were down eight per cent compared to the first two weeks of August 2009. “Throughout ...

May 2010 TREB mid-month update

TORONTO, May 19, 2010 - Greater Toronto REALTORS® reported 4,887 sales through the Multiple Listing Service® (MLS®) during the first two weeks of May. This represented a seven per cent increase compared to the 4,561 sales recorded during the same period in 2009. New listings increased by 48 per cent annually to 10,059. “The average household looking to purchase a home ...

New Mortgage Insurance Rules

MORTGAGE INSURANCE RULES ANNOUNCEMENT Federal Finance Minister Jim Flaherty recently announced prudent changes to mortgage insurance rules intended to come into force on April 19, 2010. CAAMP was actively engaged in the discussions around these changes which are as follows: All borrowers must meet the standards for a five-year fixed rate mortgage even if they choose a mortgage with a lower interest ...