This Toronto house boat is only $800K and comes with actual yard space | Canada News Media
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This Toronto house boat is only $800K and comes with actual yard space

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Ahoy, there! Dream of being the captain of your own ship? Well set sail for an urban waterfront escapade that merges city life with nautical charm!

Anchored in the scenic Scarborough Bluffs, #11- 7 Brimley Rd. is a floating home that offers a unique retreat from the bustling city while keeping you conveniently close for an easy commute.

For just $795,000 you can escape the concrete jungle and immerse yourself in the tranquility of lakeside living.

The view of the marina from the rooftop deck.

Down from $849,000, this floating gem perched upon Lake Ontario offers breathtaking panoramic views of the lake and the majestic Scarborough Bluffs.

The living room.

It’s also a pretty rare find according to listing agent Stephanie Carmichael.

The bedroom.

“It’s one of only 25 floating homes in Toronto, so they don’t come up for sale often,” she told blogTO.

The open concept living and kitchen area.

“It’s also one of the few one storey floating homes left, so it has more potential for added value with the addition of a second storey, and comes with architectural plans for that addition,” added Carmichael.

The docking location with yard space.

Additionally, this particular houseboat comes with yard space to satisfy your green thumb cravings!

An aerial view of the house boat.

It’s a true rarity in the floating home world to be able to grow your own veggies or cultivate a garden oasis right at the water’s edge.

The home office or second bedroom.

This floating abode offers a flexible layout – one bedroom plus one flex bedroom or your ideal work-from-home office setup.

Big windows let in lots of natural light.

The light filled home also has one bathroom, a custom kitchen which boasts all the trimmings, including stainless steel appliances, and a brand new rooftop deck.

The bathroom.

And yes, even the bathroom floor joins in on the luxury with its cozy heated floors!

The kitchen with lots of storage.

You can either live aboard year-round or seize the opportunity to rent it out for long-term stays.

A second storey could be added to the boat.

Docked at the Bluffers Park Marina, you can enjoy exclusive gated access, secure private and guest parking, and an array of amenities.

The patio off the living room.

For example, you can indulge in the local restaurant and event venue, unwind at the pub or snack bar, or relish the convenience of nearby parks, Blue Flag beaches, yacht club facilities, and all the other marina perks.

The Bluffs and the marina.

Maybe living on a boat could make every day life feel like a vacation? Maybe…

 

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Greater Toronto home sales jump in October after Bank of Canada rate cuts: board

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TORONTO – The Toronto Regional Real Estate Board says home sales in October surged as buyers continued moving off the sidelines amid lower interest rates.

The board said 6,658 homes changed hands last month in the Greater Toronto Area, up 44.4 per cent compared with 4,611 in the same month last year. Sales were up 14 per cent from September on a seasonally adjusted basis.

The average selling price was up 1.1 per cent compared with a year earlier at $1,135,215. The composite benchmark price, meant to represent the typical home, was down 3.3 per cent year-over-year.

“While we are still early in the Bank of Canada’s rate cutting cycle, it definitely does appear that an increasing number of buyers moved off the sidelines and back into the marketplace in October,” said TRREB president Jennifer Pearce in a news release.

“The positive affordability picture brought about by lower borrowing costs and relatively flat home prices prompted this improvement in market activity.”

The Bank of Canada has slashed its key interest rate four times since June, including a half-percentage point cut on Oct. 23. The rate now stands at 3.75 per cent, down from the high of five per cent that deterred many would-be buyers from the housing market.

New listings last month totalled 15,328, up 4.3 per cent from a year earlier.

In the City of Toronto, there were 2,509 sales last month, a 37.6 per cent jump from October 2023. Throughout the rest of the GTA, home sales rose 48.9 per cent to 4,149.

The sales uptick is encouraging, said Cameron Forbes, general manager and broker for Re/Max Realtron Realty Inc., who added the figures for October were stronger than he anticipated.

“I thought they’d be up for sure, but not necessarily that much,” said Forbes.

“Obviously, the 50 basis points was certainly a great move in the right direction. I just thought it would take more to get things going.”

He said it shows confidence in the market is returning faster than expected, especially among existing homeowners looking for a new property.

“The average consumer who’s employed and may have been able to get some increases in their wages over the last little bit to make up some ground with inflation, I think they’re confident, so they’re looking in the market.

“The conditions are nice because you’ve got a little more time, you’ve got more choice, you’ve got fewer other buyers to compete against.”

All property types saw more sales in October compared with a year ago throughout the GTA.

Townhouses led the surge with 56.8 per cent more sales, followed by detached homes at 46.6 per cent and semi-detached homes at 44 per cent. There were 33.4 per cent more condos that changed hands year-over-year.

“Market conditions did tighten in October, but there is still a lot of inventory and therefore choice for homebuyers,” said TRREB chief market analyst Jason Mercer.

“This choice will keep home price growth moderate over the next few months. However, as inventory is absorbed and home construction continues to lag population growth, selling price growth will accelerate, likely as we move through the spring of 2025.”

This report by The Canadian Press was first published Nov. 6, 2024.

The Canadian Press. All rights reserved.

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Homelessness: Tiny home village to open next week in Halifax suburb

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HALIFAX – A village of tiny homes is set to open next month in a Halifax suburb, the latest project by the provincial government to address homelessness.

Located in Lower Sackville, N.S., the tiny home community will house up to 34 people when the first 26 units open Nov. 4.

Another 35 people are scheduled to move in when construction on another 29 units should be complete in December, under a partnership between the province, the Halifax Regional Municipality, United Way Halifax, The Shaw Group and Dexter Construction.

The province invested $9.4 million to build the village and will contribute $935,000 annually for operating costs.

Residents have been chosen from a list of people experiencing homelessness maintained by the Affordable Housing Association of Nova Scotia.

They will pay rent that is tied to their income for a unit that is fully furnished with a private bathroom, shower and a kitchen equipped with a cooktop, small fridge and microwave.

The Atlantic Community Shelters Society will also provide support to residents, ranging from counselling and mental health supports to employment and educational services.

This report by The Canadian Press was first published Oct. 24, 2024.

The Canadian Press. All rights reserved.

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Here are some facts about British Columbia’s housing market

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Housing affordability is a key issue in the provincial election campaign in British Columbia, particularly in major centres.

Here are some statistics about housing in B.C. from the Canada Mortgage and Housing Corporation’s 2024 Rental Market Report, issued in January, and the B.C. Real Estate Association’s August 2024 report.

Average residential home price in B.C.: $938,500

Average price in greater Vancouver (2024 year to date): $1,304,438

Average price in greater Victoria (2024 year to date): $979,103

Average price in the Okanagan (2024 year to date): $748,015

Average two-bedroom purpose-built rental in Vancouver: $2,181

Average two-bedroom purpose-built rental in Victoria: $1,839

Average two-bedroom purpose-built rental in Canada: $1,359

Rental vacancy rate in Vancouver: 0.9 per cent

How much more do new renters in Vancouver pay compared with renters who have occupied their home for at least a year: 27 per cent

This report by The Canadian Press was first published Oct. 17, 2024.

The Canadian Press. All rights reserved.

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