london ontario

Condominiums & Status Certificates by Real Estate Expert Victor Addis

Condominiums & Status Certificates by Real Estate Expert Victor Addis

What is a Status Certificate and how does it relate to a condo? Well by definition, a status certificate is “a document provided by the condominium corporation to buyers of resale condos that provides a snapshot of the unit as at the date that the certificate is issued. In most cases, if the building is serviced by a property management company, it is prepared by the property manager. The certificate must be given to the prospective buyer within 10 days of the date of the request, and the Condominium Act allows for a $100 fee to be charged for the status certificate.”

6 things to do In Byron ; By London Ontario Real Estate expert Betty Kallai

6 things to do In Byron; By London Ontario Real Estate expert Betty Kallai

Let’s start with Boler Mountain. Easily the best part of this area! Not only does Wickerson Hills new builds back onto this beautiful spot, but there are literally year-round activities offered here! From skiing to mountain biking, tubing to yoga, and everything in between, @bolermtn is the perfect spot for dynamic adventurers to explore!

Speaking of exploring, that brings me to my close second favorite, Springbank Park! With 140 hectares stretching along the Thames River, this is London’s largest park. The options of activities are almost endless, but let’s just name a few! Hiking, walking, trails, dog parks, splash pad, soccer fields, wildlife, pavilion, and even @storybookgardens ... which brings me to my next favorite.

Storeybook Gardens, this place is awesome! Just outside of Byron in Springbank Park, there is something to do year-round! Take the kids in the summer for day camp, the family will love the splash pad and rides, or take your date for some winter outdoor trail skating! Fun, affordable and local!

Locally in Byron, there are a ton of activities and excitement. Whether you’re looking for family fun, eager for adventure or just want to take a stroll, this part of London has everything you’re looking for and more!

What are your favorite spots in Byron?

Leave a comment below and stay tuned for more next week!

By Betty Kallai

Email: Betty@Primebrokerage.ca

Instagram:

@SellElgin - https://www.instagram.com/sellelgin/?hl=en

@BuildWithBetty : https://www.instagram.com/buildwithbetty/

Facebook: https://m.facebook.com/SellElgin/

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INTRODUCING LINDSAY GOWAN- DESIGN/INVESTMENT SPECIALIST

A huge welcome to our newest team member @lindsaygowan . A past client turned friend Lindsay is by far one of the most energetic and capable people we've had the chance to work with. Coming from a background in customer service and design she is light years ahead of her time in terms of skills applicable to Real Estate.  .  Truly honored to have her on the team and excited to serve her in our highest capacity possible! .  In June 2018 Lindsay attended a seminar about real estate investing, fast forward a year and a half and Lindsay has sold her condo, purchased 2 multi-family properties, got her real estate license and basically become obsessed with all things real estate.  .  With over 12 years of customer service experience, a bachelor of interior design and a sincere passion for investing in real estate Lindsay brings a rare set of skills that give her a competitive advantage in the real estate world. As a current real estate investor, Lindsay has first-hand knowledge & experience with tenants, renovations, income analysis to assist everyone from the first time home buyer to the seasoned real estate investor.  .  Not only does Lindsay have an “eye” for interior design but she brings with her the know-how and the contacts to transform a property with potential into your dream home or a cash flowing investment property.  .  Lindsay has travelled the world- working, teaching, hiking and admiring the eclectic styles of the world and how colours and living space affect our inner peace.  .  Growing up in the small town of Dutton, Ontario Lindsay understands the importance of community and building genuine relationships with everyone she meets. Lindsay is now based in London and services the surrounding area.  .  Lindsay is obsessed with corgis, candy crush and constantly laughing (mostly at herself). She can be found water side in her spare time and on top of it in our cold Canadian winters. Connect with Lindsay so she can show you all the ways you can win with real estate!  .

A huge welcome to our newest team member @lindsaygowan . A past client turned friend Lindsay is by far one of the most energetic and capable people we've had the chance to work with. Coming from a background in customer service and design she is light years ahead of her time in terms of skills applicable to Real Estate.

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Truly honored to have her on the team and excited to serve her in our highest capacity possible! .

In June 2018 Lindsay attended a seminar about real estate investing, fast forward a year and a half and Lindsay has sold her condo, purchased 2 multi-family properties, got her real estate license and basically become obsessed with all things real estate.

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With over 12 years of customer service experience, a bachelor of interior design and a sincere passion for investing in real estate Lindsay brings a rare set of skills that give her a competitive advantage in the real estate world. As a current real estate investor, Lindsay has first-hand knowledge & experience with tenants, renovations, income analysis to assist everyone from the first time home buyer to the seasoned real estate investor.

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Not only does Lindsay have an “eye” for interior design but she brings with her the know-how and the contacts to transform a property with potential into your dream home or a cash flowing investment property.

.

Lindsay has travelled the world- working, teaching, hiking and admiring the eclectic styles of the world and how colours and living space affect our inner peace.

.

Growing up in the small town of Dutton, Ontario Lindsay understands the importance of community and building genuine relationships with everyone she meets. Lindsay is now based in London and services the surrounding area.

.

Lindsay is obsessed with corgis, candy crush and constantly laughing (mostly at herself). She can be found water side in her spare time and on top of it in our cold Canadian winters. Connect with Lindsay so she can show you all the ways you can win with real estate!

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89 Delaware St London Ontario | Home for sale | Prime Real Estate Brokerage

89 Delaware St London Ontario | Home for sale | Prime Real Estate Brokerage

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Public Remarks: Welcome to 89 Delaware St. This beautiful bungalow is located right beside St. Julien Park with access to the Thames River trail. You can run, walk or ride your bike across the city without ever having to use a road. All 3 bedrooms are located on the main floor. The master bedroom is located in the middle of the home, next to the bathroom for easy access and privacy. Many updates have been completed in the last 8 years, including installation of Central Air, Furnace, Electrical Panel, and Roof. The fully finished basement offers brand new flooring, drywall, and ceiling. The walls are pristine and waiting for your personalized décor! The backyard oasis includes a fire pit, patio, and tree lined, fully fenced yard with access to the home through the back door. A single car detached garage and carport provides parking for 2 cars, or use the garage as a workshop and park your car under the carport! Schools and parks are within walking distance!

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PRIME REAL ESTATE BROKERAGE

Info@PrimeBrokerage.ca

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1001 Medway Park Dr London ON | Home For Sale | Prime Real Estat

#JUSTLISTED

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1001 Medway Park Drive

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$799,900

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4 Bedrooms

4 Bathrooms

GORGEOUS, luxury home in Fox Hollows. 5mins from Masonville Mall and Western University, 10mins from downtown and minutes from anything you could possibly want. This contemporary, luxury 2 storey has TONS of space. Rare 4 generously sized bedrooms all on the second level complete with 2 full bathrooms. The master bedroom accented with stunning large ensuite and walk-in closet. Main floor open-concept design blends in with top housing trends. Beautiful hardwood floors throughout the main floor adds great contrast to the bright walls and finishes. Tall 16 foot ceiling as you walk brought the front door. Luxurious office off foyer with atrium like celeing flows seamlessly into the dining and kitchen space for one of THE best working environments we've seen to date. Need privacy? The pocket doors are a thing of beauty and fully functional as well. Main floor laundry and mud room. Finished, functional space down stairs including theatre room and home gym (with 3 pc ensuite which could be a 5th bedroom). Well landscaped yard with sheltered deck in the back makes for a good relaxing oasis after a long hard day at work. - Get in today before you miss your dream home!

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Thinking of Selling your property?

Make sure you have PRIME exposure and skills on your side.

Info@PrimeBrokerage.ca

519-473-9992

www.primebrokerage.ca

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LEASED!!!!

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#LEASED

Super excited to get another flagship #Ldnont building under contract. Our downtown is by far one of the most vibrant and the community of #makers and #entrepreneurs we have here is second to none. Proud and honored to have repped both of these amazing firms involved in this transaction and looking forward to a lifelong friendship and growth

5 Seriously Important London Restaurants You Need To Try

Friends, it's no secret that London, Ontario has an awesome food scene.In fact, there's so many spots that it might be easy to get a little lost in all the greatness.

But there are a select handful of spots you absolutely need to get to, ASAP, especially if you've been meaning to get yourselves there forever!

The Root Cellar

Honestly, guys, The Root Cellar is awesome. They feature a great selection of meat, vegan and organic dishes. A delicious raw juice bar, it’s owned and co-operatively run by nice people. Did I mention ales by the London Brewing Co-Operative?! A trip to The Root Cellar is absolutely something.

Spruce on Wellington

This relative new comer to London is quickly making a serious name for itself with their classic food with a modern twist. Spruce on Wellington has delicious food, plus an awesome minimalist decor. The food is beautifully handcrafted, innovative in its plating and they use things like foam, powder and dry ice – now that's totally Instagram worthy.

Wolfe of Wortley

If you love small plates, you're going to fall hard for Wolfe of Wortley. Not only does this spot have a brilliant vibe, in one of the best neighbourhoods in the city, a drink menu that shows they know a thing or two about booze, but the food is out of this world. Shout out to their pork belly... so, so good!

Abruzzi

Relaxed and unpretentious! One of my favourites; an Italian-inspired menu all sourced locally and sustainable! Abruzzi always has unbelievable features, and their fish and panini game is strong! The Grilled Beef Tenderloin, crispy potato gnocchi, mushrooms, arugula, red onion, Loco Fields organic green beans, red wine jus is first-rate.

Los Lobos

Alright, you guys really need to get ready for this, soon to be open, Modern Mexican restaurant in downtown London. If the decor is any indication, Los Lobos won’t blend in with the masses; the sneak peek of its build online is a statement alone. I'm excited and you should be too!

The above are just a handful of seriously awesome places you need to check out in London. In no way are they the only mention worthy spots. If I've piqued your interest about the unique food culture we have here in London, Ontario, check out the Forest City Cookbook. A passion project, being crowd funded to create London’s first-ever community cookbook. Get your copy today and let’s pay tribute to London and our risk-taking, innovative chefs who support our local farmers, build community around the table and change lives one bite at a time!

Source: https://www.ontariossouthwest.com/trip-inspiration/post/london-restaurants-you-need-to-try/?platform=hootsuite

Basement Flooding Grant Program

New Flooding Grant program available in London Ontario will give residents some reprieve. Take a look at the images below and check the links out to see if you qualify! 

 

 

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#ASKTHECLOSERS Episode 19: Dad's unite, Mortgage Rules that could cost you and more!

In this episode we go in depth and cover some stats in our marketplace, a support Club for Dad's and two key things you need to know about the mortgage rule changes that are here!! Full stats below. Please feel free to subscribe/share and let us know what we can do on the next episode to bring you more value!!

What is Dad Club?: http://dadclublondon.com/

If you sold property in 2016 make sure you look at this!: 
http://www.cra-arc.gc.ca/tx/ndvdls/tp...

LSTAR Stats:

October 3, 2016

866 homes sold in September 2016 with a break down of 716 detached homes and 150 condos, showing 3.1% over last September and the best September since the London and St. Thomas Association of REALTORS® (LSTAR) began systematically tracking sales back in 1978. "2016 has been a year of breaking records," says Stacey Evoy, LSTAR President. "Not only has this past month been the best September ever, we’ve also had record breaking months of April, June and August.”

Listings were down 15.5% in September, while inventory – as represented by the number of active listings at month end -- was down 31.7%. "Demand remains high and supply low," says Evoy."That means that this Fall Market is a great time to list."

Sixty seven homes sold in St. Thomas in September, ten fewer than in September 2015. Evoy cautions, “You have to bear in mind that last year was the best September for St. Thomas since 2007, when we started breaking out the St. Thomas statistics from the rest of the London Census Metropolitan Area.” The ten year average for the month of September in St. Thomas stands at 60. The average price for a home in St. Thomas Year-to-Date stands at $224,233, up 3.4%.

Within LSTAR's jurisdiction, once again the style of house leading the way was the two-storey, then the bungalow, followed by ranches, then townhouse condominiums, then high rise apartment condos. The average price for a detached home Year-to-Date stood at $296,283, up 5%, while the average price for a condo over the same period stood at $201,061, up 5.9%. The average price of all homes sold through LSTAR's MLS® Year-to-Date stood at $278,311, up 5.2%.


** source: http://www.lstar.ca/news/best-septemb...

Understand how home insurance rates are calculated

We just had to post the guest content below written by Sean Murphy. It outlines the basics when it come to insurance calculations in a very concise way. To contact Sean for more information see his link at the bottom of the article. 

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"How are home insurance rates calculated"

There are several factors involved in determining who pays what rate. 

Calculating risk levels 

Insurance rates, often called premiums, are set based on risk, or the potential that someone will make a claim. The greater the risk, the higher the premium. The lower the risk, the lower the premium. To set rates, actuaries study the claims history of groups of people with similar characteristics, and then add information about your particular history to determine the exact premium. 

For example, home insurance rates are based on factors including: 

-whether your neighbourhood is prone to sewer backup 
-the crime rate in your neighbourhood 
-how close you live to a fire station and fire hydrant 
-the value of your personal property 
-your insurance history 
-the claims history of your property 

Federal and Provincial regulations apply 

Government regulations, taxes, and the cost of health care also affect rate calculations; as these costs change, so do premiums. Likewise, changes in court awards, towing fees, repair costs, insurance fraud, and more frequent and severe storms have all influenced rates over time."

 

AUTHOR:Sean Murphy, Associate Insurance Advisor

The Co-operators | Rachel O'Neil Insurance Services Ltd. 591 March Rd. Kanata/Ottawa, ON Tel: (613) 599-7232 Fax: (613) 599-2740 sean_murphy@cooperators.ca

 

 

OMB Rule changes Pt.2- Is my property now " Legal Non-Conforming?"

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As a follow up to our earlier post concern the usage changes to income properties (duplex's and multi-res) we did a little more digging for you guys. If you currently own property in that area it becomes "Legal Non-Conforming. 

Legal Non-Conforming use: 

"It is important to note that all zoning by-laws are forward looking. They speak to the future and not the past. They regulate future uses of a property not existing ones. They are prospective not retrospective in nature. They are not retroactive....

If you have a present use which is legal, then it may continue forever. But, that entitlement applies to that property and that property alone, no others. If a new zoning by-law is enacted, it will apply"-Quote

 

Essentially as long as you continue it's present use without interruption the property is "Grandfathered" and the new legislation does not apply. Where this changes is if you apply for or do any significant renovations or changes to the property the new law then applies. Be aware of this when looking at investments in the designated zone. A property may look great, and the upside may seem to be there, but keep in mind that it's previous use may not continue on once you make the changes you see fit. At the end of the day your Real Estate representative's job is to be aware of all the angles and help you do the necessary digging. 

 

Below is a map outlining the area in question.(**Keep in mind the information below is to be taken as an estimate only. The official map has yet to be released to the public. The office was kind enough to outline the area for us but this is not an official map or to be taken  for official use. 

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April 2013 Stats

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News Release 

For Comment: Doug Pedlar, President, 519-238-5700

For Background: Betty Doré, Executive Vice-President, 519-641-1400 

London, May 3, 2013 

Spring market steadies 

The Spring market gained more traction in April, with 720 detached homes exchanging hands last month, an increase of four units over last April, and 144 condos, down by twenty units. “Altogether April sales were down 1.8% from April of the previous year,” says Doug Pedlar, President of the London and St. Thomas Association of REALTORS®. “However, given the slow start to the year, 864 homes sold in a single month represents a definite improvement and is right in line with previous Aprils over the past decade.”

 The number of new listings taken last month surged 18.1% and active listings end of period, or inventory, was also slightly up. 

St. Thomas had another good month in April, with 76 sales – seventeen more than last April. Listings were also up 2.4%. Average price for a home in St. Thomas Year-to-Date since December 31, 2012 stands at $185,839. 

The average price of a detached home in the whole of LSTAR’s jurisdiction Year-to-Date since December 

31, 2012 stands at $260,719, up 2.5%, while the average price of a condo for the same period stands at 

$174,778, up 2%. Taken altogether, the average price of a home in LSTAR’s jurisdiction Year-to-Date since 

December 31, 2012 stands at $244,603, up 2.4%. 

“We always like to see a modest rise in price over time,” says President Doug. “However, the really great news is how affordable our jurisdiction continues to be compared to other centres across Canada.” The following chart contains data provided by the Canadian Real Estate Association (dating from February 2013 -- the latest information available). 

City Average Sale $$

Vancouver $ 714,102

Victoria $ 474,430

Toronto $510,011

Calgary $461,866 

Hamilton-Burlington $ 380,234

Ottawa $347,308 

Kitchener-Waterloo $350,673 

Edmonton $351,691 

Saskatoon $326,624 

Regina $320,915 

Halifax-Dartmouth $251,901 

London St. Thomas $244,603

CANADA $362,749 

Statistical Report (April 2013) Page 3 of 26he best-selling house style in LSTAR’s jurisdiction in April 2013 was the two-storey, followed by the bungalow, then the ranch, then the townhouse condominium.

The London and St. Thomas Association of REALTORS® (LSTAR) is one of Canada’s fifteen largest real estate associations, representing over 1,500 REALTORS® working in Middlesex and Elgin Counties, a trading area of 500,000 residents. 

LSTAR adheres to a Quality of Life philosophy, supporting growth that fosters economic vitality, provides housing opportunities, respects the environment and builds good communities and safe neighbourhoods and is a proud participant in the REALTORS Care Foundation’s Every REALTOR™ Campaign. 

As members of the Canadian Real Estate Association, LSTAR members may use the REALTOR® trademark, which identifies them as real estate professionals who subscribe to a strict code of ethics.