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Soltanian REAL ESTATE Inc. BROKERAGE

Sharon Soltanian BROKER OF RECORD

416.892.0183

Juwai.com

Our Listings reach the Buyers behind the Great Firewall of China with our Excellent Marketing Tools

110 DONWOOD DRIVE • $5,498,000

182 VALLEY ROAD • $4,288,000

352 PARKVIEW AVENUE • $3,988,000

Extraordinary custom built architectural home in prestigious Hoggs Hollow area. Bright, spacious open concept design. Sunfilled foyer with heated floors.

Elegance at its finest! Spectacular luxury custom built home with 5 plus 2 bedrooms siting on 65’ south facing lot in York Mills/Bridle Path. Recent renovations with eloquent and lavish design.

Exquisite custom built home with a view of the park. 4 plus 2 bedrooms and 7 washrooms. Soaring luxury marble floor foyer invites you to sophisticate open concept living space. Elegant design, superb layout and workmanship.

128 WILLOWDALE AVENUE • $3,198,000

1 RAYMOND DRIVE • 2,888,000

44 NEWTON DRIVE • $2,880,000

Located on high traffic/exposure Willowdale Ave. Private school/ tutoriong building with lots of parking in rear. Totally renovated 3,197sq ft, perfect for professional office, pre-school, private school, daycare, etc. Walking distance to Sheppard Avenue.

Rare Find! Rare Opportunity! Huge detached 3 level backsplit on 108’ x 298’ deep treed lot in prestigious Old Thornhill surrounded by luxury multi-million custom built homes.

Unbelievable gorgeous custom built luxury 4 plus 1 bedroom SMART home, a block away from Yonge Street. Executive home with open concept luxury living space.

270 COMMER AVENUE • $2,330,000

45 ARRAN CRESCENT • $1,888,000

20 BOWERBANK DRIVE • $1,848,000

Gorgeous custom bult house in Willowdale area sitting on a deep lot set back to beautiful park. Luxury open concept bright home. Master retreat with spa-like 5 piece ensuite with Jacuzzi.

Unbelievable gorgeous custom built luxurious 4 plus 1 bedroom on 55’ x 122.16’ lot. SMART home, a block away from Yonge Street. Executive home with open concept luxury living space.

Fabulous opportunity to own this immaculately renovated sidesplit backing onto a private park. Bright and spacious with large windows, potlights and skylight.

233 CARMICHAEL AVENUE • $1,698,000

24 JONDAN CRESCENT • $1,288,000

376 WHEAT BOOM DRIVE • $798,000

Fantastic opportunity to own this bungalow sitting on prime south 40’ lot. Attention investors, builders and users! Amazing bungalow lot in Bedford Park.

Fabulour 4 bedroom backsplit home on prime Thornhill. Gorgeous south facing lot sitting on 55’ in very quiet crescent. Just move in to enjoy this totally renovated space with a great view to green space.

Brand new never been lived in. Beautiful and tastefully designed modern Freehold end unit townhome by Minto in Oakville. 3 bedroom home with open concept design.

Office: 416.901.8881

Direct: 416.892.0188

*#1 in WILLOWDALE (C14) Since 2009

We speak English, French, Farsi, Turkish, Korean, Mandarin and Cantonese

Anita Soltanian SALES REPRESENTATIVE

757 PAM CRESCENT • $648,000

COMING SOON • 90 CAINES AVENUE

976 WILLOWDALE AVENUE

Fabulous opportunity to own 3 plus 1 bedroom, 2 storey house in quiet crescent in high demand neighbourhood. Gorgeous renovated gem with open concept layout.

Luxury outstanding custom built home on south facing lot 51 x 185 ft in very quiet street. 5 plus 1 bedrooms with heated floor in foyer, all ensuites and basement.

Magnificent custom built luxurious 4 plus 1 bedroom home on large 54’ lot in great location. Classic unique design with skylight dome.

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116 WOODWARD AVENUE

69 KINGSDALE AVENUE

36 LAWNVIEW DRIVE

Extraordinary custom built architectural home on 69.25 front lot in prestigious Hoggs Hollow area. 5 plus 1 bedrooms with 6 washroom. Bright, spacious open concept design. Sunfilled foyer with heated floors.

Beautifully updated 2 storey home. Open concept kitchen design and living area. Walkout to large deck to enjoy the sun and the backyard.

Stunning custom built 2 storey home nestled on a gorgeous 64’ x 117.58’ premium lot on a quiet cul-de-sac.

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162 FRANKLIN AVENUE

179 PRINCESS AVENUE

341 GREENFIELD AVENUE

Magnificent 4+1 luxury home sitting on 86’ ravine lot in prestigious area!10’ high ceiling in main floor. Hardwood floors, pot lights, crown mouldng throughout. Gourmet eat-in kitchen with marble floors, granite counters & centre island walkout to balcony. Master retreat with gas fireplace, walkout to balcony & 7 piece spa-like ensuite. Finished walkout basement with 2nd kitchen & laundry.

Location! Location! Location! Attention builders, contractors, investors and users! Premium 50 ft south lot amongst new million dollar homes in prestigious Willowdale area.

Open concept renovated 2 storey house in prime location. Easy access to schools, subway and shopping. Bright, airy home with 6 skylights, main floor den now used as bedroom (rough-in for shower). 2 entrances to main floor.

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169 SPRING GARDEN AVENUE

69 HEATHVIEW AVENUE

16 ALAMOSA DRIVE

Fabulous opportunity to own beautiful detached bungalow on prime 50 x 120ft lot in prestige’s Willowdale East. Renovated 3 plus 2 bedroom home located close to all amenities for an active urban city life.

Magnificent custom built 4 plus 1 smart home nestled on high demand Willowdale. Contemporary style, sophisticated quality finishes.

Brand new architectural extravaganza on lrg diamond lot. Definition of luxury. 60.72 x 132.87. 4,600 square feet plus 2,200 square feet of luxury living area with 4 plus 1 bedrooms and 7 washrooms. Open concept with 25’ high cathedral ceiling.

sharonsoltanian@gmail.com

*Based on written dollar volume and units of transactions sold each year as recorded in the TREB MLS 2009-2015 Sold by Sharon Soltanian.

Bijan Barati

Civil Eng., Broker of Record

direct

416.825.7373 www.bijanbarati.com ice

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Professional Service with PROVEN RESULTS!

42 GLENBOROUGH PARK CRESCENT

282 MAPLEHURST AVENUE

23 GORDON ROAD

Uniquely designed, masterfully built and conveniently located! 5 plus 1 bedrooms, 8 washrooms, lot size: 62.5 x 124 feet, finished walkout heated floor basement.

Masterfully built, beautifully designed, this custom residence comes with elevator. Uniquely situated next to the park. 4 plus 1 bedrooms. 7 washrooms, lot size: 50’ x 120’) plus professionally finished walkout heated floor basement in a convenient location.

Beautiful French Tudor style brick and stone, 12 years old custom home, fully renovated and extremely upgraded, same as a new built. 5,760 sq ft plus finished heated floor basement. 4 plus 1 bedrooms, 6 washrooms. Lot size: 60’ x 150’.

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138 ALFRED AVENUE

115 CAMERON AVENUE This custom residence features fantastic exterior and interior design with superior finishes and all the bells & whistles in a convenient location. 4 plus 1 bedrooms, 6 washrooms, lot size: 40 x 130’. Prof finished walkout heated floor basement.

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177 FLORENCE AVENUE Fantastic custom home with contemporary interior design on 40’ x 130’ lot in a very convenient location. Professionally finished walkout heated floor basement.

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The most admired contemporary modern residence on coveted part of Willowdale East. Steps to Yonge Street. 4 plus 1 bedrooms, 6 washrooms, lot size: 50 x 108.58 ft. Professionally finished heated floor walkout basement.

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27 SHIPPIGAN CRESCENT

55 WEDGEWOOD DRIVE

24 BAYBERRY CRESCENT

Cozy backsplit 3 bedroom family home. 54.57 foot frontage. Backing on a park. Quiet street. Convenient location, a short walk to subay, school & shopping mall. Great investment opportunity, live or rent it out now & build your dream home on thi prime lot later.

Fantastic urban chick custom home. 5 plus 2 bedrooms, 6 washrooms, steps away from Yonge Street. Uniquely laid out and beautifully designed. Finished walkout basement.

Professionally renovated custom built (spent $$$ approx $350,000 like a new home) on quiet crescent in the heart of remarkable Bayview Village. 4 plus 2 bedrooms, 6 washrooms, lot size: 55’ x 121’.

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172 MAPLEHURST AVENUE

197 HOMEWOOD AVENUE

36 REVCOE DRIVE

Fantastic opportunity - Prime 50 foot lot in a convenient location with no side walk in front. Ready building permit for approx 4,000 sq ft plus finished walkout basemetn is available. Amazing architectural layout including an elevator.

Well maintained upgraded solid brick backsplit (4 levels) home on a prime lot (50’ x 130’) in a very convenient location, steps to Yonge Street, TTC and all amenities.

Large solid brick updated bungalow on a ravine lot” 50’ x 120’. 3 plus 1 bedrooms, 3 washroom & side entrance to finished basement. Rent it out as an investment property or rebuild your dream home. No sidewalk in front.

Office: 416.222.8600

Direct: 416.825.7373

info@bijanbarati.com

Realtron

Bijan Barati Real Estate, Brokerage Independently Owned & Operated 183 Willowdale Avenue, Toronto, ON

Bijan Barati

Civil Eng., Broker of Record

#1 Realtor in C14 & Willowdale Area

direct

(Based on Volume and Number of Listed and Sold Units in 2016)

416.825.7373

#1 Realtor in C07, C14 & C15 (Combined Units Sold in 2016)

www.bijanbarati.com

#3 RE/MAX Realtor in Canada (2016) ice

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607 CONACHER DRIVE

207 NORTHWOOD DRIVE

47 BEVDALE ROAD

This spectacular custom home built 2016 on 58’ x 154’ lot. 4 plus 2 bedrooms, 7 washrooms. Each bedroom has it’s own ensuite. Professionally finished walkout basement with huge recreation room.

Tarion warranty. Masterfully designed and built sophisticated custom home on a very deep lot. Approx 6,400 sq ft of elegant living space, (4,500 on 1st & 2nd and 1,900 lower level). 5 plus 2 bedrooms, 6 washrooms. Lot size 53’ x 149’. Prof finished walkout heated floor basement.

Ultra stylish custom home with extraordinary finishing on extra deep lot! 5 skylights. 5 bedroom with own heated floor ensuit, 7 washrooms, lot size: 50’ x 160’. Convenient location - Steps to park, community centre, school & TTC.

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28 TOBRUK CRESCENT

155 CHURCH AVENUE

3138 BAYVIEW AVENUE

Masterfully crafted! Beautifully designed and laid out. Conveniently located. This fantastic residence on lot: 42.84’ x 130.67’. 4 plus 1 bedrooms, 6 washrooms, professionally finished heated floor walkout basement.

Magnificent custom built home in a convenient location on 31’ x 128’ family layout, 4 bedroom, 5 washrooms, finished walkout basement

Solid brick bungalow with finished basement & separate entrance. Prime lot: 86.7 feet frontage on Bayview Avenue. Rare re-development opportunity for 2 single detached homes or townhouses on corner of Bayview Avenue & Byng Avenue.

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916 WILLOWDALE AVENUE

322 CHURCHILL AVENUE

7 URBANDALE AVENUE

Renovated 3 plus 2 bedroom, 4 washroom, 3 kitchen home on 50 foot lot. Basment with 2 separate units. One car garage & long driveway, close to Finch subway & all amenities.

Live or invest in or build your dream home in this fantastic prime deep lot 50’ x 140’. 4 bedroom and 2 washrooms. Finished basement with separate entrance.

Fantastic renovated family solid brick 2 storey home on a wide deep lot in a great neighbourhood. Lot size: 56.08 x 144 feet. 4 bedrooms, 3 washrooms, prime deep wide lot. No side walk in front. Finished basment.

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268 JOICEY BOULEVARD

259 BETTY ANN DRIVE

230 WILFRED AVENUE

Beautifully designed and meticulously built, this custom residence (2 years old, 3,420 sq ft plus professionally finished basement), is situated on the best block of Joicey, steps to Avenue Road.

Magnificent custom home elegantly designed and each bedroom has its own ensuite and walk-in closet. 4 plus 2 bedrooms, 6 washrooms. Lot size: 50’ x 135’. Finished walkout heated floor basement.

Cozy bungalow on a builder’s dream lot in a convenient & prime location, close to top schools, walking distance to TTC & North York City Centre. 3 bedrooms, 2 washrooms. Lot size: 40.5’ x 149.75’>

Office: 416.222.8600

Direct: 416.825.7373

info@bijanbarati.com ***Means offer date is in effect

ISSUE 02 • 2018

PRESIDENT James BAKER james@thnmedia.com CREATIVE DIRECTOR Jason STACEY jason@thnmedia.com ADVERTISING SALES Karen KINCH karen@thnmedia.com

Marianne KENNEDY marianne@thnmedia.com CREATIVE PRODUCTION Tim FRANKIW tim@thnmedia.com

WHAT A

Dereck ADDIE dereck@thnmedia.com

RATE HIKE

Casey ELOGIO casey@thnmedia.com

MEANS TO YOU

WEB DESIGN Vaughn JOSEPH vaughn@thnmedia.com ADMINISTRATION Diana LYNAS diana@thnmedia.com PRINTING Lowe-Martin

The Home News Magazine is published monthly and delivered to selected homes in Toronto North by Canada Post, agreement #41362062. THN Media 2187 Dunwin Drive Mississauga, ON L5L 1X2 Office 905-278-1111 Toll Free 1-855-355-8502 Fax 905-608-9042 thehomenews.ca @thehomenews

14 6

WHEN GOOD DEALS

GO BAD

facebook.com/thehomenewscanada

COCONUT CURRY SHRIMPS

DISCLAIMER: Every effort has been made to publish this magazine as accurately as possible; however errors and omissions can occur. THN Media, their employees, agents, representatives and vendors are not liable for any damages relating to errors or omissions in the editorials or advertising which may appear herein except where a specific charge has been made. In such cases THN Media shall have limited liability only to the charge for such advertising or editorials.

5 ROYAL OAK DRIVE

44 SOU THWELL DRIVE

69 JOICEY BOULEVARD

Luxury in the prestigious Bridle Path. Tons of updates. Private, south facing backyard with garden, patio and heated pool. Fabulous living room. Walk-out basement with wet bar, rec, nanny suite, home theatre, second master with ensuite. Walk to Edwards Garden, schools. Offered at $8,389,000

Custom home boasting over 5,200 sq ft of living space, located in sought-after Rippleton, St. Andrew’s and York Mills school districts. Gourmet kitchen, light-filled central staircase, library, great room, expansive lower level. Master with ensuite and walk-in closet! Offered at $3,499,000

A masterpiece by renowned architect, Richard Wengle, and Mark Hartley Landscaping. Superior materials and workmanship, kitchen with w/o to private yard - an entertainer’s dream. Master with ensuite and walk-in closets. Fin’d basemet with rec room and nanny suite. Offered at $3,499,000

15 LUND STREET

379 ELLERSLIE AVENUE

22 BRUNSWICK AVENUE

Exquisite luxury home built in quiet Richval. Over 5,200 sf of living space, gourmet kitchen with breakfast area, 4 bedrooms with own ensuites. 2-bed basement apt with kitchen and walk-out. Library, large skylights, hardwood, gas fireplace, built-in speakers and more! Offered at $2,988,800

A masterpiece in desirable St. Andrews neighbourhood. The finest craftsmanship and design. 4,000 sf on main and second plus 1,550 sf open concept basement. Large windows throughout. 4 bedrooms, each with own ensuite, hardwood throughout, nanny’s room. Offered at $2,938,880

Rarely offered legal triplex in South Annex! Turn key, luxury rental, totally updated. 3 car parking. Live in one unit and have the tenants pay your mortgage or keep as an investment property. Estimated gross income over $105K, or Air B&B it’s ready to go! Offered at $2,499,000

92 Chaplin Crescent

84 Sherwood Park Drive

CHAPLIN ESTATES

STUNNING SEMI-DETACHED IN VAUGHAN

A warm and inviting well-maintained detached 2 storey home. Beautifully renovated and move-in ready. Featuring an open concept living/dining room and hardwood flooring throughout. Carport and parking for 5 vehicles. The private backyard features an In-ground concrete pool, gazebo and professional landscaping. Easy walking access to Davisville Subway, parks, Beltline Trail, incredible Yonge Street shopping, dining and more!

Enjoy comfortable living with a cozy family room that overlooks the ravine. Beautiful designer kitchen complete with granite countertops and highend appliances. This meticulously maintained home boasts 3 spacious bedrooms, 3 bathrooms including the master ensuite and a professionally finished basement with 3pc bath. Take an after dinner stroll down your picturesque, family-friendly street, and enjoy!

$1,999,000

$845,000

New mortgage regulations have you concerned? CALL ME for financing options!

deliciousdish recipe

Coconut Curry

SHRIMPS with GINGER AND LEMONGRASS

SERVES

his Thai-inspired Curry Shrimp recipe is perfect for those cold winter days when you need something that will warm you from the inside out!

DIRECTIONS

INGREDIENTS

STEP ONE

• 2 pounds large (16-20 size) shrimps, peeled and deveined

Heat a heavy duty fry pan or cast iron pan over med high heat. Add half the oil. Add the shrimps and cook for 2-3 minutes each side or until they are opaque. Remove from the pan to a plate, set aside. STEP TWO

Add the remainder of the oil. Add the onion and sauté until translucent and golden, about 5-7 minutes. Add the garlic, ginger and lemongrass, sauté for another minute or two. Add the curry powder, mix into the onion mixture, cook for another minute. STEP THREE

Add the coconut milk. And the water to the empty can of coconut milk, swish it around the can and dump that water into the pan with the coconut milk, let it boil, add the lime juice, salt, chilis, tabasco. Let the sauce boil and reduce for about 6-7 minutes. Taste the sauce, add more salt, chilis or lime to taste. Add the basil and spinach. Let the sauce thicken so that it coats the back of a spoon, about 3-4 minutes. STEP FOUR

Add the shrimps back to the pan, let cook for 2-3 minutes. Transfer to a serving dish and garnish with chopped jalapeno, cilantro, green onion.

• 4-5 tbsp olive oil • 1 yellow onion, diced small • 3 cloves garlic, smash and chopped • 1” piece of fresh ginger, peeled and minced • 1 stalk of lemon grass* • 2 tbsp curry powder • 1 can of full fat coconut milk • 1/4 cup water • juice of 1 lime • 1/2-1 tsp kosher salt, or to taste • 1/2 tsp dried chili flakes or 1 whole long red chili or 1/2 of a Thai bird chili, sliced in rounds, optional • a few shakes of tabasco, optional • 1 bunch of Thai basil or regular basil, leaves only • 2 handfuls of fresh baby spinach TO SERVE

• 1 jalapeno, finely chopped • handful cilantro leaves, roughly chopped • 2 green onion, sliced in rounds

STEP FIVE

• 1 lime, cut into wedges

Serve with the cooked rice and lime wedges.

• 2 cups jasmine, brown or mixed grain rice, cooked DELICIOUSDISH

*Cut the root end off the lemongrass and then cut the lemongrass where the white part meets the greener part (you only use the white part), discard the root end and the darker part. Slice the lemon grass piece in half in the length and remove the outside two layers of the lemon grass, this part is too tough, discard. Then chop the white part very finely. You can freeze any unused stalks of lemongrass, chopped or left whole.

CAROLYN COHEN BA, BScOT Founder/Chef/Recipe Developer

DELICIOUSDISH Cooking School specializes in Whole Food Home Cooking, Meal Planning, Recipe Developing and Healthy Eating. #CookAtHome D: 416.200.3522 E: deliciousdish@rogers.com DeliciousDish.ca

183 W E L L I N G T O N S T R E E T W E S T # 4 6 0 4 D L O

Paul

NUSCA BROKER

Royal LePage Real Estate Services Ltd. Brokerage 1 Willingdon Boulevard, Suite 1, 2nd floor Toronto, ON M8X 1B9

Office: 416.236.1871

# *

Team

West Toronto & Etobicoke Royal Lepage Real Estate Service s 2017, GCI

d: 416.618.8326 paul@paulnusca.com paulnusca.com

LISTED

TORONTO

$4,398,000

The Ritz! Truly an exceptional world-class residence featuring an unparalleled calibre of design. 3,300+ square foot corner suite completely redesigned and finished to perfection with sleek, striking contemporary style. Floor-to-ceiling span of windows with sweeping south west and skyline vistas at every turn. Private elevator entry, walk-in 1,000-bottle wine cellar, gallery foyer, spectacular minimalist kitchen with Wolf appliances, bar seating for 8. Massive living/dining, full breakfast area, marble baths, gas fireplace, custom built-Ins and entertainment systems throughout. Toronto’s most prestigious address with world renowned 5 Star amenities. 3 parking spaces and locker. No builder’s standard finishes. Every inch has been redesigned & remodeled.

P R O P E R T Y F E AT U R E S • 3,300 + square feet

• Completely redesigned

• Private elevator entry

• Massive living/dining area

• 1,000 bottle wine cellar

• 5 Star amenities

legal advice

When GOOD DEALS

GO BAD ven when an Agreement of Purchase and Sale is signed, and conditions waived, there is no guarantee the transaction will close. There are times when a good deal can go bad, and both buyers and sellers need to be aware of their legal rights, and obligations, to best protect themselves. 1 / PROPERTY APPRAISAL In an overheated or declining market, the appraised value of the property may differ from the actual purchase price. Lenders only advance funds based on their appraisal, which can lead to a financing shortfall. In such circumstances, Buyers must find an alternative source of funds to close.

2 / BUYER'S REMORSE

In a declining market, buyers may have second thoughts about completing their transaction; however, if all conditions are waived, and the deal is binding, the Buyer is legally obliged to complete the transaction. If they fail to do so, they may lose their deposit in addition to being held responsible for all of the Seller's damages (i.e. an award of money to compensate the Seller for all losses incurred due to the Buyer's breach). 3 / BUYER'S INABILITY TO CLOSE If a Buyer cannot close the transaction, the Seller has the right to claim forfeiture of the Buyer's deposit in addition to commencing litigation claiming damages. To mitigate against their damages, the Seller would need relist the property for sale. Practically speaking, the Seller cannot automatically obtain the Buyer's deposit monies; they need either a mutual release or a Court order

authorizing the release of funds. In terms of damages, the Buyer's exposure to liability can be substantial, as they are responsible for all losses flowing from their breach, including any reduction in the sale price of the home and losses incurred by the Seller if they were relying on the closing funds to purchase another property. Even in a rising real estate market, where the Seller incurs nominal damages, they may be entitled to the forfeiture of the Buyer's deposit.

4 / SELLER'S INABILITY TO CLOSE

6 / EXTENSIONS OF CLOSING

If a Seller cannot close the transaction, the Buyer has the right to commence litigation claiming damages or even specific performance (i.e. a Court order requiring the Seller to complete the transaction based on the contract).

If a party has the means and desire to close the transaction, but requires additional time, they may want to try to negotiate an extension of closing. If the Buyer is requesting an extension, the Seller ordinarily requests that the Buyer be responsible for all of their extension costs, including interest costs on their mortgage and legal fees. Sellers also often request a further deposit, and even a release of the deposit monies, as a sign of good faith on the part of the Buyer. There is no legal obligation of a Buyer or Seller to agree upon an extension.

5 / GOING TO COURT Although parties may have a strong legal position to advance in Court, they should be mindful that litigation can be costly, time consuming, and stressful. Even if a party succeeds in Court and obtains judgment, that judgment still needs to be enforced. There can be considerable costs and risks in going to Court.

7 / NEGOTIATE A RELEASE If a party is unable to or no longer wants to close the transaction for any reason, and wants to avoid litigation, they can try to negotiate a mutual release with the other side.

In difficult and uncertain real estate markets, buyers and sellers are encouraged to work with knowledgeable and experienced mortgage brokers, real estate agents, and lawyers who have been through both rising and declining markets.

Shapiro Real Estate & Business Lawyers is a trusted and well-respected law firm specializing in the areas of residential/commercial real estate, business law, wills and estates, and real estate dispute resolution. GARRY SHAPIRO, BCL, LLB, MBA EVAN SHAPIRO, HBA, JD 416.224.0808 www.garryshapirolaw.com

financial

WHAT A

RATE HIKE

MEANS TO YOU ast July, the Bank of Canada (BoC) raised its key interest rate by 25 basis points, from 0.50% to 0.75%. The upward move, the first in seven years, was quickly followed by Canada’s largest banks raising their prime interest rates. While an uptick in the overnight lending rate is a sign of the government’s confidence in the growth of the Canadian economy, it has specific financial implications for Canadian consumers. Homeowners and prospective homebuyers, in particular, will now have to contend with a greater cost of borrowing and homeownership, which could potentially alter their financial planning. With the prospect of further rate increases prospective homeowners shouldn’t do their mortgage calculations on 2.5% five-year fixed rates anymore, but on a more realistic 5 to 6% five-year fixed, he says. Financial plans may also need to change. As interest rates go up and you need to renew

your mortgage, you should consider the impact on your weekly and monthly cash flow. For instance, if you have a $400,000 mortgage at a 2.5% interest rate you may be paying about $448 a week, but a 1% hike will increase your weekly payout by about $50. If interest rates go up by 2 to 4%, you could be faced with an additional $100 per week on your mortgage payment. The BoC’s decision to hike rates also serves as a reminder that you need to periodically stress test your mortgage at a higher rate. A small increase isn’t going to be detrimental to a lot of people initially, but over time if those rates do increase, you’re going to feel it.

Now may be a good time to switch to a fixedrate mortgage, before the rate rises again. There are also implications for investment portfolios, particularly fixed-income securities. Typically, when rates rise, bond

This column, written and published by Investors Group Financial Services Inc. (in Québec - a Financial Services Firm), and Investors Group Securities Inc. (in Québec, a firm in Financial Planning) presents general information only and is not a solicitation to buy or sell any investments. Contact your own advisor for specific advice about your circumstances. For more information on this topic please contact your Investors Group Consultant.

prices drop in value. Those who have a high concentration in bonds could see their investments take a hit. That’s why you should have a diversified portfolio and consider investment vehicles that hedge against the negative impact of rising interest rates. However, there are benefits to rising rates, including potentially earning more interest in a savings account. Mounting rates tend to strengthen the Canadian dollar, too. Rising rates can help if you’re looking to buy some U.S. dollars for investing in U.S. real estate, or buying American securities. Rising interest rates mean you may need to reconsider your mortgage costs, rebalance your portfolio and/or update your financial plan. Ask your professional advisor what’s best for you.

JEFF FINCH, CFP is a Regional Director for Investors Group Financial Services in Burlington. You can contact Jeff at 905.333.3335.

Call for details

2 8 0 B U R N E T T AV E N U E , T O R O N T O

Move into this modern open concept custom residence in the in the friendly Wentworth Community. Perfectly situated on a quiet, cul-de-sac at Yonge and Sheppard. This custom-built all brick and stone home on 50 x 135” lot is a must to see. Sub-Zero and Wolf stainless appliances. Gourmet kitchen has quartz counters. 10’ coffered ceilings. Wall to wall windows over garden. Heated floors in all baths and entire basement. Spectacular master suite w/dream closet and 6pc. Finished lower level has media room ready to go! Steps to TTC, easy walk to Yonge/Sheppard Subway at Burnett Woods Park and miles of wooded parkland.

See Peter and Ora’s ad on the BACK COVER for details on other great properties.

, MARKETING VAUGHAN S MOST EXCEPTIONAL HOMES

CALEDON Fantastic townhouse with many upgrades, and shows to perfection. Excellent for a small family. Offered at $1,875/MTH

KLEINBURG Situated on a private ravine lot in Kleinburg, no luxury detail has been left unattended in this custom bungaloft. Offered at $2,888,000

VELLORE VILLAGE Newly built 1 bedroom, modern & fully furnished basement apartment with separate entrance. Perfectly suited for a single professional. Offered at $1,600/MTH

LD SO

WESTON DOWNS Amazing opportunity on Blackburn Boulevard.

EAST WOODBRIDGE

Offered at $2,188,000

Offered at $2,160,000

Cecilia DeFreitas, Broker of Record I Re/Max Premier Prestige Properties, Brokerage I 120-154 Woodbridge Avenue, Vaughan O 905.605.8887 I F 416.987.8001 I CeciliaDeFreitas.com I

TORONTO • $12,000,000

Spectacular gated luxury 15,000 sq ft home loaded with resort-like al-fresco features on 1 acre private ravine lot.

KING • $3,900,000

Magnificent custom modern French style home of 6,322 sq ft with backyard oasis on 10 acres of nature setting

$2,380,000

MISSISSAUGA • $4,688,000

Luxurious designer signature masterpiece with backyard oasis backing onto stunning river ravine!

AURORA • $3,300,000

Splendid custom home of 5,366 sq ft with finished basement & backyard oasis nestled on 1/2 acre lot.

PETERBOROUGH • $1,488,000

Stunning custom modern lakehouse with entertainer’s dream deck, garden landscaping & direct access to lake.

EXECUTIVE FAMILY HOME WITH BACKYARD OASIS IN UPSCALE NEIGHBOURHOOD Stunning executive home of 5,428 sq ft of bright open concept layout with 2-storey foyer, balconies and mezzanine, boutique-inspired interior, aboveground recreation basement with walkout to backyard oasis.

VAUGHAN • $2,000,000

Brand new 4,000 sq ft home loaded with upgrades on 50 ft lot overlooking conservation in upper Thornhill estates.

VAUGHAN • $2,500,000

Custom 5-bedroom house with high-end interior designed rooms poised at fabulous Highway 7 & Dufferine location.

EAST GWILLIMBURY • $3,300,000 151 acres of glorious lush land, custom-built manor plus a 2-storey farm manager’s house. Great possibilities!

BURLINGTON • $2,000,000

Rarely offered premium home office on prime downtown street - convenience, visibility & investment opportunity.

EAST GWILLIMBURY • $850,000

Renovated bungalow with modern finishes plus oversize garage & heated workshop on premium 75 x 200 ft lot.

BRIGHTON • $1,800,000

Custom 4-storey castle with terrace swimming pool on approx 6 acre treed lot with tower view of Lake Ontario.

KLEINBURG • Call for Price

Magnificent brand new custom house with 3-car garage & 4bedrooms each with ensuites.

VAUGHAN • $1,699,000

RICHMOND HILL • $1,959,000

Upgrades & style galore with stunning features, fully landscaped & fabulous lower level.

Beautiful 3-bedroom bungalow with 2 walkout basement apartments on fenced 1/2 acre 108 x 187 ft lot.

RICHMOND HILL • $1,899,000

Upscale couture inspired renovations & upgrades throughout this 4-bedroom family home in coveted Mill Pond community.

RICHMOND HILL • $1,699,000

Gorgeous 4,000 sq ft home plus finished basement on premium 70 x 143 ft lot in desirable Oak Ridges.

*The Daryl King Team consists of 43 Registered Sales Representatives. ** For Royal LePage Your Community Realty Inc., Brokerage based on real estate sales in 2016. *** Based on real estate sales in 2016.

M ULHOLLANDROSS www.RealEstateToronto.com (416) 230 8500

It was an honour to serve our clients in 2017! Thank you for trusting us with your families , your home and your investments. Call us for all your real estate questions in 2018! MulhollandRoss Group (416)-230-8500

www.RealEstateToronto.com Home and condos, sales and purchases. Investments. Pre-construction. Bank sales. Estate planning and sales.

REFERRED REALTY, Brokerage (416) 230 - 8500

MULHOLLAND ROSS Group

Peter Mulholland, Ora Ross, Lauren Rhodes | Sales Representatives & Broker Jordan Rozencwajg | Director of Operations, Sales Representative Khalidah Abubaker | Director of Marketing