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East York people, places, events & insights

PROPERTY PERSPECTIVES 035: The Regrettable #1 Trap of Retirement Downsizing

Posted by on Nov 7, 2017

It’s easy to dream about the leisurely days you’ll enjoy with the high price your home will fetch.  Perhaps the neighbours sold their home for a sky-high sum, or so they told you as a limo whisked them off to who knows where.  The fact is, you likely don’t know: a) how their home differs from yours relative to the qualities prospective buyers value most; b) their home’s condition or upgrades; c) the net proceeds of the sale; or d) whether the real estate market was better or worse than it is now. Done right, downsizing can be a good idea.  Most homeowners count on financing retirement by selling their home, buying a smaller home and investing the difference for income.  Regrettably, they sometimes reap much less than they hoped for by overlooking or underestimating closing costs, realtor fees...

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PROPERTY PERSPECTIVES 034: Tips for converting your basement into a liveable, value-added space

Posted by on Oct 5, 2017

Turning an East York basement into a finished and livable space provides you with another room to enjoy while increasing the value of your home.  When it comes time to sell, a creatively utilized and properly finished basement can yield a positive return on your investment. Based on my experience with what buyers look for, here are some ideas for converting your basement into a livable space: Rec-Room/Living Room:  A recreation room is one of the most popular and more economical uses for a finished basement.  The extra space could be a playroom for kids, an adults-only living room retreat, a she-cave, a man-cave, or a home theatre.  Couches for plenty of seating, a big television, pool or games table, are right at home in the basement.  When it comes to flooring, opt for family and pet-friendly materials that...

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Pre-winter home renos are a prudent step to take now

Posted by on Oct 4, 2017

\ BY ANDREA FREEDMAN \ When we think of home renovation, many of us immediately think of it in terms of redecorating and what it will look like when it is done.  But with winter not far away, it is what we do to our houses that cannot be seen that is far more important than the visual effects of renovation. Fred Maycock, co-owner of Maycock Contracting, stresses the importance of proper insulation in the attic.  According to the Toronto Building Code –which refers to residential renovations– there needs to be “at least 20 inches of insulation in your attic.” Besides complying with building code standards, insulation has many benefits for homeowners. “The more insulation you have in your attic, the more heat gets trapped in your home, making your heating costs lower,” Maycock says. Insulation is not as...

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Woodbine bike lanes to be installed August 18-31

Posted by on Aug 9, 2017

City of Toronto crews will begin a two-week project to install dedicated bike lanes along the length of Woodbine Avenue on August 18 according to a schedule released by the city’s Public Works Department. The first phase, Aug. 18-24, is expected to see completion of lanes on both sides of Woodbine between O’Connor Drive and Danforth Ave., with the southerly section to Queen Street, estimated to require only four days from August 25 through 28. Traffic will be reduced to one-lane in each direction during the process and there will be no stopping or on-street parking allowed.  More info at...

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Main Squared adding art to busy corner for nine days in late August

Posted by on Aug 7, 2017

The public square on the southeast corner of Danforth and Main St. will be transformed…

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Renovated and reimagined Broadview Hotel changes east TO’s psychological landscape

Posted by on Aug 5, 2017

The re-opening of The Broadview Hotel this month finally heralds the coming of the gentrification of our east-end of Toronto.

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