Office: 1-416-564-0245

E: baldo@baldominaudo.com

Real Estate and Business

Breaking COVID-19 Changes for Real Estate Industry

Earlier today, the Government of Ontario announced that 27 public health regions will transition out of the shutdown and into a revised and strengthened COVID-19 Response Framework: Keeping Ontario Safe and Open (the “Framework”) on Tuesday, February 16, 2021.

The four remaining public health regions, Toronto Public Health, Peel Public Health, York Region Public Health and North Bay Parry Sound District, will remain in the shutdown and the Stay-at-Home order. They are anticipated to transition into the Framework on Monday, February 22, 2021.

Find out what level and which regional public measures are in place for your area on the OREA COVID-19 Information Hub.

Even with the Stay-at-Home order ceasing to apply in some regions as of Tuesday, February 16, everyone is strongly advised to continue to stay at home, avoid social gatherings, minimize travel between areas with different rules, and limit close contacts to their household.

How Does This Impact Real Estate?

If your public health unit region is in the levels Green-Prevent, Yellow-Protect and Orange-Restrict, open houses are permitted. While the option to host an open house is available to you, REALTORS® should continue to use digital and virtual technology first and to the greatest extent possible.

For regions that are under Stay-at-Home order, Red-Control and Grey-Lockdown, open houses are not permitted. Scheduled in-person showings are permitted, provided they follow all health and safety guidelines.

For guidance on Safe Open House Practices and Safe In-Person Showings Protocol, go to the OREA COVID-19 Information Hub.

Information about residential evictions and short-terms rentals is available on the OREA COVID-19 Information Hub.

As always, please stay tuned for future messages from OREA on government announcements and how they impact real estate in your region. 

Thank you and stay safe. 

Sincerely,

Sean Morrison
OREA President

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.

Disclaimer

The information contained in this email is not meant to be relied upon as legal advice by REALTORS®, or others. Members wishing further clarity or advice should seek independent legal advice specific to their circumstances. Due to the quickly changing regulatory environment during the COVID-19 emergency, this information may not be current or accurate by the time it is read.

ONTARIO NEW HOME INDUSTRY BIG REGULATORY CHANGES

On February 1st, 2021, The Ontario government established the Home Construction Regulatory Authority (HCRA) to improve consumer protection. 

A new and separate regulator for home builders and vendures has been established to ensure that the industry is held to professional standards. This is to provide greater confidence for buyers and owners of new homes by helping them be well-informed and better protected by:

  • Licensing of new home builders and vendors;
  • Expanding the existing Ontario Builder Directory to provide regulatory compliance and warranty information about builders and vendors across the province; and
  • Implementing a formal complaints process for the conduct of new home builders and vendors. 

WHAT YOU SHOULD KNOW: 

  • The Home Construction Regulatory Authority (HCRA) regulates new home builders and vendors in Ontario.
  • The HCRA is designated under the New Home Construction Licensing Act, 2017.
  • The creation of the HCRA as a separate authority addresses consumer concerns about potential conflicts of interest within Tarion, Ontario’s new home warranty and protection program administrator.
  • The Rebuilding Consumer Confidence Act, 2020, passed on July 14, 2020, promotes higher quality new home construction. It intends to reduce defects and new home warranty and protection claims, while better-protecting consumers from bad actors.
  • Tarion will administer Ontario’s new home warranty and protection program.
  • Together, the HCRA and Tarion will provide more robust consumer protection for Ontarians.  

ADDITIONAL INFORMATION: 

Read Ontario’s Residential Condominium Buyers’ Guide.

Find out about how Tarion protects new homeowners.

Read the New Home Construction Licensing Act, 2017

Read the Rebuilding Consumer Confidence Act, 2020

For Sale: Townhouse in Heart of Toronto at Affordable Price

98 Carr St. Townhouse

You’ll find this bright, sun-filled, Multi-Level Townhouse in the heart of the City. Located near Alexandra Park, it’s on the edge of the Kensington-Chinatown neighbourhood. It is conveniently close to Kensington Market and the Fashion District.

Also, it is conveniently less than 3 kilometers from the financial district. This home is perfect for young professionals or investors in rental properties catering to high-income downtown professionals.

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Juliette Balcony
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98 Carr St.

This house is freshly painted & cleaned from top-to-bottom. Also, it has an upgraded kitchen with stainless steel appliances, wine rack and granite counter-top. Enjoy open concept living and dining with a wonderful Juliette balcony overlooking the courtyard. The large rooftop terrace with gas hookup makes for special summer experiences. Gather with family and friends, while taking in the incredible south facing view of the city and famous CN Tower. It is also close to shops, hospital, schools, and streetcars.

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The complex has 24-Hour security. Home comes with fridge, stove, built-in microwave, built-in dishwasher; stacked washer and dryer; all window coverings, all electric light fixtures and underground parking.

Do you want a townhouse in the heart of Toronto, close to the financial district and diversified neighbourhoods? Do you like being near young professionals and a happening atmosphere? This home is ready to move in and its affordable. Contact me if you’re ready to buy and would like to see the home.

ABOUT TORONTO’S CHINATOWN NEIGHBOURHOOD

Bustling Chinatown has a variety of Chinese, Thai, Vietnamese and Japanese restaurants offering a selection of cuisine from dim sum and pho to modern fusion. Animated Asian-style open-air markets and shops along Spadina Avenue offer fresh fruits and vegetables, along with herbal medicine and souvenirs. Chinese New Year celebrations and live stage shows, martial arts demonstrations and live dances draw tourists.

ABOUT TORONTO’S KENSINGTON MARKET NEIGHBOURHOOD

Kensington Market is a pedestrian friendly, walkable bohemian-type neighbourhood. No wonder that it draws artists and tourists to its vintage boutiques, indie shops, and arts spaces. In addition, the Market is home to a wide range of specialty grocers, bakeries and cheese shops. While hipsters frequent trendy bars, cafes and international restaurants, students and families fill the Victorian houses along tree-lined streets. As a result restaurants range from casual to fine dining experiences.

According to Toronto Life, Kensington-Chinatown neighourhood ranks 40th amonth Toronto’s 140 communities for quality of life. It was given a score of 100 for Shopping, 98.6 for Entertainment, 97.2 for Education, 95 for Transit, and 82.9 for Health.

ABOUT TORONTO’S FASHION DISTRICT NEIGHBOURHOOD

In the historic Fashion District, are old textile factories and warehouses which now house fabric stores, clothing boutiques, artists’ studios, offices, and condos. The neighbourhood has a mix of trendy international restaurants and old-school diners, which make for a busy dining scene. Also, King Street West’s dance clubs are known to draw late-night crowds. Colourful, frequently changing street art defines ‘Graffiti Alley’, a popular name for a long lane found in the neighbourhood.

ABOUT ALEXANDRA PARK

Alexandra Park is a compact district in downtown Toronto. Conveniently, lots of casual restaurants, cocktail lounges, and karaoke bars line the busy streets that outline the community. Enjoy some intimate live music venues, modern Canadian plays at the Theatre Passe Muraille. The park, who’s name defines the neighbourhood, contains a playground, outdoor pool with splash pad, and a winter ice-skating rink.

Ready to buy your home in Toronto, let me help you make it an enjoyable experience, the right decision for you. 416-564-0245.

For Rent: Upscale 1 Bedroom Flaire Condo Apartment at Shops at Don Mills in North York

Urban Lifestyle Living Within The Community At The Shops At Don Mills

Welcome to Flaire Condos at The Contemporary Urban Village at The Shops At Don Mills. 

This one bedroom unit on the 10th floor has one of the best views in the building. The South West Facing view captures the core of Toronto’s cityscape with the CN Tower and surrounding high-rises, the Yonge/Eglinton and Yonge/Sheppard clusters, and the expansive vista of detached homes and landscapes in between. The unit offers a clean layout with functional and elegant linear kitchen, state of the art ventilation system, and movable bedroom corner walls. This fashionably designed unit is ready for you to make your abode with your personal touch and character.  

This unit is unfurnished and does include window coverings. Appliances include washer, dryer, stove, refrigerator, cooktop oven, microwave, parking and storage locker. Includes Heat, Water, Air Conditioning, Parking, Storage. Tenant pays for own use of Hydro and Cable/Internet.

Amenities

Flaire provides great amenities including: 24 hour concierge service, impressive upscale lobby, Gym, Cable, Internet/TV. Movie Screening Room, Rooftop Terrace with BBQ, party room, security guard and lots of visitor parking. 

Step outside into the Shops at Don Mills with its upscale shops, restaurants, cafes, VIP Screening Room Cineplex Theatre, Centre Square and the wonderful seasonal sculpture and events. Take a walk to discover nearby walking trails, parks. Very close to DVP and TTC.

Lifestyle

This unit is perfect for the young professional looking for lifestyle in a diversified community of fashionable professionals of cultures from around the world. Great place to make new friends, stay at the forefront of innovations and develop your network.

Whether you’re a corporate executive, professional, entrepreneur, writer, artist or social media influencer, this building and this neighbourhood will provide you with both the inspiration and environment to produce, relax and excel. For more information on the neighbourhood visit Living At The Shops At Don Mills

Only $2300 per month!

If you’re a AAA tenant, don’t miss this exclusive listing opportunity. Application form, credit check, proof of income and/or employment is required.

Listed through Baldo Minaudo, MBA, Broker, Real Estate Homeward 416-564-0245

*** Not intended to solicit clients under contract with a broker***

Interested in Real Estate Investing?

Interested in Real Estate Investing? Join me at our VIP Client Event on Delta Hotels (formerly Novotel), 3670 Hurontario St., Mississauga (Burmanthorpe & Hurontario) Wednesday, Feb. 26. We’ll teach you about building wealth through investing and you’ll get VIP access to an amazing, turn-key investment that I think is great for my friends and clients. Positive cash flow within as little as 30 days. PLUS you get a chance to win a free Condo when you attend.

If interested email me at baldo@baldominaudo.com.



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