This family home is focused on entertaining both inside and out. The outdoor living space boasts a massive pool deck with a built-in kitchen area, large pool and hot tub with a stone gas fireplace. And that’s just the backyard.
Listing agent: Don Goodale, Century 21 Miller Real Estate Ltd., 905-338-2121, goodalemillerteam.com
The property at 5150 Lakeshore Rd. is listed at $3,998,000 | goodalemillerteam.com
Location: 5150 Lakeshore Rd.
Asking price: $3,998,000
Size: 6,258 square feet
Bedrooms: 7
Bathrooms: 4
This lakefront property is one of a kind. Cathedral ceiling, semicircle kitchen island and a beautiful gas fireplace populate the first floor. The backyard can be your private oasis with stone seawalls providing six tiers of professionally-designed gardens. Oh, and there’s a wine cellar in the lower level that can hold 2,500 bottles.
Listing agent: Don Goodale, Century 21 Miller Real Estate Ltd., 905-338-2121, goodalemillerteam.com
The property at 3345 Lakeshore Rd. has a list price of $2,788,000 | listings.mcdadi.com
Location: 3345 Lakeshore Rd.
Asking price: $2,788,000
Size: 4,988 square foot
Bedrooms: 4+1
Bathrooms: 6
Plenty of natural light brightens up this property. The gourmet maple kitchen walks out to a large deck where you can gaze upon the heated salt water pool. The finished lower level is complete with a rec room, exercise room and nanny suite with ensuite.
The property at 334 Belvenia Rd. is listed at $2,735,000 | zillow.com
Location: 334 Belvenia Rd.
Asking price: $2,735,000
Size: 3,500 to 5,000 square feet
Bedrooms: 4+1
Bathrooms: 5
This functional family home boasts custom high-quality finishes and an open concept layout. The main level is equipped with 10-foot ceilings and a gourmet chef’s kitchen with high-end appliances.
The home at 332 Shoreview Rd. is listed at $2,650,000 | realtor.ca
Location: 332 Shoreview Rd.
Asking price: $2,650,000
Size: 90 by 150 feet
Bedrooms: 4
Bathrooms: 6
This original bungalow was completely demolished and rebuilt, except for the solarium, with an upper level with great lake views. The property is walking distance to Burlington Golf and Country Club and has a finished basement and two-car garage.
Listing agent: Jonathan Vadakethu, Century 21 Leading Edge Realty Inc., realtor.ca
The property at 791 Belhaven Cres. has a listing price of $2,580,000 | realtor.ca
Location: 791 Belhaven Cres.
Asking price: $2,580,000
Size: 94 by 80 feet
Bedrooms: 3
Bathrooms: 3
The listing describes this property as a classical architectural masterpiece. It boasts a dramatic staircase with a barrel-shaped ceiling, hand-painted library along with built-in shelves. The third-floor master even has a skylight. Nothing but luxury in this unique space.
Listing agent: Yi Yan Cai, Bay Street Group Inc., realtor.ca
Reach The Spectator newsroom at 905-526-3420 or news@thespec.com
Reach The Spectator newsroom at 905-526-3420 or news@thespec.com
TORONTO – One expert predicts Ottawa‘s changes to mortgage rules will help spur demand among potential homebuyers but says policies aimed at driving new supply are needed to address the “core issues” facing the market.
The federal government’s changes, set to come into force mid-December, include a higher price cap for insured mortgages to allow more people to qualify for a mortgage with less than a 20 per cent down payment.
The government will also expand its 30-year mortgage amortization to include first-time homebuyers buying any type of home, as well as anybody buying a newly built home.
CIBC Capital Markets deputy chief economist Benjamin Tal calls it a “significant” move likely to accelerate the recovery of the housing market, a process already underway as interest rates have begun to fall.
However, he says in a note that policymakers should aim to “prevent that from becoming too much of a good thing” through policies geared toward the supply side.
Tal says the main issue is the lack of supply available to respond to Canada’s rapidly increasing population, particularly in major cities.
This report by The Canadian Press was first published Sept. 17,2024.
OTTAWA – The Canadian Real Estate Association says the number of homes sold in August fell compared with a year ago as the market remained largely stuck in a holding pattern despite borrowing costs beginning to come down.
The association says the number of homes sold in August fell 2.1 per cent compared with the same month last year.
On a seasonally adjusted month-over-month basis, national home sales edged up 1.3 per cent from July.
CREA senior economist Shaun Cathcart says that with forecasts of lower interest rates throughout the rest of this year and into 2025, “it makes sense that prospective buyers might continue to hold off for improved affordability, especially since prices are still well behaved in most of the country.”
The national average sale price for August amounted to $649,100, a 0.1 per cent increase compared with a year earlier.
The number of newly listed properties was up 1.1 per cent month-over-month.
This report by The Canadian Press was first published Sept. 16, 2024.
MONTREAL – Two Quebec real estate brokers are facing fines and years-long suspensions for submitting bogus offers on homes to drive up prices during the COVID-19 pandemic.
Christine Girouard has been suspended for 14 years and her business partner, Jonathan Dauphinais-Fortin, has been suspended for nine years after Quebec’s authority of real estate brokerage found they used fake bids to get buyers to raise their offers.
Girouard is a well-known broker who previously starred on a Quebec reality show that follows top real estate agents in the province.
She is facing a fine of $50,000, while Dauphinais-Fortin has been fined $10,000.
The two brokers were suspended in May 2023 after La Presse published an article about their practices.
One buyer ended up paying $40,000 more than his initial offer in 2022 after Girouard and Dauphinais-Fortin concocted a second bid on the house he wanted to buy.
This report by The Canadian Press was first published Sept. 11, 2024.
