Transform your home this spring with the hottest colour trends of 2025! In this piece, we explore the latest hues that promise to bring fresh energy and style to your living spaces. From bold and invigorating tones to soothing neutrals. Discover how these trending colours can elevate your home’s ambiance and create a contemporary look that’s perfect for the season. 

Here's a look at the top paint colour trends and how to use them to create a vibrant, welcoming space. 

Bold and Bright: Embrace the Sunshine 

This season is all about bold, bright colours like sunny yellows, luminous greens, and vibrant oranges. These hues can instantly uplift the mood of any room. 

How to Use

Consider painting an accent wall in a bold shade to create a focal point. Use these colours in spaces where you want to feel energized, such as the kitchen or living room. 

Pastel Perfection: Soft and Serene

Pastels are perfect for creating a calm and serene atmosphere. Soft pinks, blues, and mint greens are particularly popular. 

How to Use

Use pastel hues in bedrooms or bathrooms to create a relaxing retreat. A pastel-coloured wall can add a subtle, soothing touch to any room. 

Earthy Elegance: Natural and Neutral

Earthy tones like browns, beiges, and sage greens bring a sense of nature indoors. These colours are timeless and versatile. 

How to Use

Incorporate earthy tones through wall colours to create a warm and inviting atmosphere. These shades work well in living rooms, dining rooms, and even home offices.

Metallic Magic: Shimmer and Shine

Metallic finishes are making a stylish comeback. Gold, silver, and copper accents can add a touch of glamour to any room. 

How to Use

Use metallic paints for accent walls or decorative elements. A gold or silver-painted wall can make a striking statement in a living room or dining area.

Monochrome Marvel: Black and White

The classic black-and-white combination never goes out of style. This palette creates a clean, modern look. 

How to Use

Use black and white in kitchens and bathrooms for a sleek, sophisticated design. Black cabinets paired with white walls or vice versa can create a stunning visual contrast. 

Tips to Refresh Your Home with Paint 

Start with an Accent Wall

An accent wall is an easy way to introduce a new colour without overwhelming the room. Choose a wall that naturally draws attention, such as the one behind a bed or sofa. 

Experiment with Patterns

Patterns can add interest and depth to a room. Consider using stencils or painter’s tape to create stripes, chevrons, or geometric designs on your walls. 

Use Paint to Highlight Architectural Features

Paint can be used to highlight architectural features like trim, moulding, and built-ins. Use a contrasting colour to make these features stand out. 

Refresh Furniture with Paint

Don’t limit yourself to walls; furniture can also benefit from a fresh coat of paint. Revitalize old chairs, tables, or cabinets with a new colour that complements your overall scheme. 

Consider the Finish

The finish of the paint can impact the look and feel of a room. Matte finishes are great for a modern, sophisticated look, while glossy finishes can add a touch of glamour. 

In Closing

Embracing the top colour trends for Spring 2025 offers an exciting opportunity to rejuvenate your home’s interior with fresh, stylish hues. By incorporating these colour trends and tips, you can refresh your home’s interior and create a space that feels fresh and inviting. Happy painting!

As a trusted realtor in Ontario, I've seen firsthand how understanding and leveraging tax incentives can make a significant difference for homeowners. Here are some essential tax tips for 2025 that can help you maximize your savings and manage your financial responsibilities more effectively. 

Maximize Home Buyers' Plan (HBP) Benefits 

The Home Buyers' Plan (HBP) allows Canadians to withdraw up to $60,000 tax-free from their Registered Retirement Savings Plans (RRSPs) to buy or build a qualifying home. The repayment period has been extended, giving you more time to pay back the amount. Both you and your spouse/common-law partner can participate in the HBP for the same qualifying home

Utilize the First Home Savings Account (FHSA)

The First Home Savings Account (FHSA) is a new savings vehicle that allows you to save for your first home tax-free. You can contribute up to $8,000 per year, with a lifetime limit of $40,000. Contributions made to your FHSA may be deductible on your tax return. 

Claim the Home Buyers' Amount 

If you bought your first qualifying home in 2024, you may be eligible to claim the Home Buyers' Amount, which provides a tax credit of up to $1,500. This amount can be split with your spouse or common-law partner, but the total cannot exceed $10,000. 

Take Advantage of the Home Accessibility Tax Credit (HATC)

Homeowners aged 65 and older, or those eligible for the Disability Tax Credit (DTC), can claim up to $20,000 in qualifying home renovation expenses for a tax credit of up to $3,000. These renovations must either allow a qualifying individual to gain access to the dwelling or reduce the risk of harm within the dwelling. 

Stay Informed About Property Tax Assessments

Property tax assessments in Ontario are conducted by the Municipal Property Assessment Corporation. It's crucial to review your Property Assessment Notice and understand how your property's value is determined. If you believe your property's assessed value is too high, you can challenge the assessment. 

Consult a Professional Accountant for Tax Advancements 

While these tips can help you navigate the tax landscape, it's always best to seek the advice of a professional accountant for personalized tax planning and to ensure you're taking full advantage of all available benefits and credits. By staying informed and proactive, you can make the most of the tax incentives available to you as a homeowner in Ontario. 

If you have any questions on the real estate market, feel free to reach out to me!

Setting real estate goals is a crucial step for anyone looking to navigate the complex world of property investment, home buying, or selling. Whether you’re a first-time home buyer, a seasoned investor, or a real estate professional, having clear, actionable goals can make all the difference.

 In this guide, we’ll explore the importance of setting real estate goals, how to create them, and the steps you can take to achieve them.

Why Setting Real Estate Goals Matters

Real estate is a significant financial commitment, and without clear goals, it’s easy to lose direction. Goals provide a roadmap, helping you stay focused and make informed decisions. They also allow you to measure progress and adjust your strategies as needed.

Steps to Setting Real Estate Goals

Define Your Objectives 

Start by identifying what you want to achieve. Are you looking to buy your first home, invest in rental properties, or sell your current property for the best price? Be specific about your objectives.

Assess Your Financial Situation

Understanding your financial standing is essential. Evaluate your savings, income, credit score, and any existing debts. This will help you set realistic goals and determine what you can afford.

Research the Market

Stay informed about the real estate market trends in your area. This includes property values, interest rates, and economic factors that could impact your goals. Knowledge is power in real estate.

Set SMART Goals

Ensure your goals are Specific, Measurable, Achievable, Relevant, and Time-bound (SMART). For example, instead of saying “I want to buy a house,” set a goal like “I want to buy a three-bedroom house in downtown within the next six months.”

Create an Action Plan 

Outline the steps you need to take to achieve your goals. This might include saving for a down payment, improving your credit score, or attending open houses. Break down your plan into manageable tasks. 

Monitor and Adjust

Regularly review your progress and be prepared to adjust your goals as needed. The real estate market can be unpredictable, so flexibility is key.

Partnering for Success

Setting and achieving real estate goals can be a challenging journey, but you don’t have to do it alone. At Toste & Co., we believe in partnering with our clients to create personalized proposals that align with their unique goals. Together, we can navigate the complexities of the real estate market and turn your dreams into reality. Let’s work together to ensure you meet and exceed your real estate aspirations. 

When we think of a new year, it is hard to not think of resolutions. Many times, we make resolution lists, but sometimes, we don’t cross things off. Maybe a “Home Renovation Project,” is on your resolution list, and now you are wondering what you can take on.. 

Look no further as we breakdown the top home renovation projects that can add value and improve functionality, ensuring your investment pays off while crossing something off your resolution list.

Kitchen Renovations: The Heart of the Home

The kitchen is often considered the heart of the home, and a well-executed renovation can yield a high return on investment. Focus on modernizing the space with durable, easy-to-maintain materials like quartz countertops and energy-efficient appliances. Updating cabinetry, lighting, and fixtures can also enhance both the functionality and aesthetic appeal of your kitchen.

Bathroom Remodels: Luxurious Yet Practical 

Bathrooms are another key area where renovations can add significant value. Consider upgrading to a walk-in shower, installing a double vanity, or adding heated floors for a touch of luxury. These improvements not only make daily routines more enjoyable but also appeal to potential buyers looking for a moder, spa-like amenities.

Basement Conversions: Unlocking Untapped Potential

Finishing your basement can dramatically increase your home’s usable space. Whether you create a home office, a guest suite, or a recreational area, a well-designed basement conversion adds both value and versatility to your home. Ensure proper insulation and moisture control to make the space comfortable year-round.

Outdoor Living Spaces: Expanding Your Home’s Footprint

Enhancing your outdoor living area can provide additional space for relaxation and entertainment. Consider adding a deck, patio, or even an outdoor kitchen. These features not only expand your living space but also make your home more attractive to buyers who value outdoor amenities.

Energy-Efficient Upgrades: Save Money and the Planet

Energy-efficient upgrades are a smart investment that can reduce utility bills and appeal to eco-conscious buyers. Install energy-efficient windows, upgrade insulation, and consider adding solar panels. These improvements not only enhance your home’s comfort but also contribute to long-term savings and sustainability.

Curb Appeal Enhancements: A Lasting First Impression

First impressions matter, and enhancing your home’s curb appeal can significantly boost its value. Simple updates like a fresh coat of paint, new landscaping, or a modern front door can make a big impact.

Additionally, replacing an old garage door with a new, insulated model can improve both aesthetics and energy efficiency.

In Closing

Investing in home renovations that can add value and improve functionality is a wise decision for any homeowner. By focusing on key areas like the kitchen, bathroom, basement, and outdoor spaces, you can create a more enjoyable living environment while also increasing your property’s market appeal. 

As you plan your resolution projects for 2025, consider these high-impact renovations to ensure your home remains both beautiful and functional for years to come.

Being a trusted realtor in the Greater Toronto Area (GTA) for the last 12+ years, I have seen many communities in Toronto flourish and blossom. It has been great to see communities grow and continue to evolve. Toronto offers a plethora of neighbourhoods that cater to various lifestyles. 

As we look ahead to 2025, here are the top five neighbourhoods that stand out for their unique charm, amenities, and livability.

The Distillery Historic District: A Blend of History and Modernity

The Distillery Historic District is a captivating neighbourhood that seamlessly blends Victorian industrial architecture with contemporary art and culture. Known for its cobblestone streets and historic brick buildings, this area is a haven for art enthusiasts and history buffs. The district is home to numerous art galleries, boutique shops, and vibrant festivals that celebrate music, theater, and visual arts throughout the year. Its unique charm and cultural richness make it a top choice for those seeking a lively and artistic community. 

Yorkville: Luxury and Elegance

Yorkville is synonymous with luxury and elegance. This upscale neighbourhood is renowned for its high-end boutiques, gourmet restaurants, and chic cafes. Residents enjoy a sophisticated lifestyle with access to world-class amenities, including the Royal Ontario Museum and the University of Toronto. The neighbourhood's tree-lined streets and beautifully preserved Victorian homes add to its charm, making it a desirable location for affluent professionals and families. 

Leslieville: Creative Vibes and Community Spirit

Leslieville, often referred to as Toronto's "Brooklyn," is known for its creative vibes and strong sense of community. This neighbourhood boasts a mix of old-world charm and modern amenities, with a plethora of trendy cafes, vintage shops, and art studios. Leslieville's proximity to downtown Toronto and its family-friendly environment make it an attractive option for young professionals and families alike. The area's rich history and welcoming community spirit are key factors in its growing popularity. 

Runnymede-Bloor West Village: Family-Friendly and Green Spaces

Runnymede-Bloor West Village offers the perfect balance of liveliness and tranquility. This family-friendly neighbourhood is known for its excellent schools, beautiful parks, and vibrant community life. High Park, one of Toronto's largest green spaces, is just a stone's throw away, providing residents with ample opportunities for outdoor activities. The neighbourhood's strong sense of community and excellent transit connectivity make it a top choice for families seeking a peaceful yet connected lifestyle. 

Silverthorn: Affordable and Community Driven

This family friendly-neighbourhood is what you might call a working-class neighbourhood with a strong sense of community. With a refreshing change from your traditional grid system, the rolling hills are the distinguishing feature that serve as a backdrop for its predominantly one way streets. In Silverthorn, you will see condo projetcs underway along St. Clair Avenue West and Old Weston Road. The neighbourhood's strong sense of community and excellent transit connectivity make it a top choice for families seeking a peaceful yet connected lifestyle.

In Closing

Toronto's neighbourhoods each offer their own unique blend of amenities, culture, and lifestyle. Whether you're drawn to the historic charm of The Distillery District, the luxury of Yorkville, the creative spirit of Leslieville, the family-friendly environment of Runnymede-Bloor West Village, or the trendy vibe of Queen West, there's a perfect spot for everyone in this vibrant city. As we move into 2025, these neighbourhoods stand out as the top choices for those looking to experience the best of what Toronto has to offer.

Property taxes are an essential aspect of homeownership, yet they often remain one of the most misunderstood components of owning a home. For Canadian homeowners, understanding how property taxes work can help in budgeting, planning for the future, and even making informed decisions about buying or selling a property. This guide aims to demystify property taxes, explaining what they are, how they’re calculated, and what you can do to manage them effectively. 

What Are Property Taxes? 

Property taxes are levies imposed by local governments—municipalities, provinces, or territories—on real estate properties. These taxes are a primary source of revenue for local governments, funding essential services such as public education, road maintenance, emergency services, and local infrastructure projects. 

How Are Property Taxes Calculated? 

In Canada, property taxes are calculated based on two main factors: the assessed value of your property and the tax rate set by your local government. 

● Assessed Value: This is the estimated market value of your property as determined by a municipal assessment authority. These assessments are typically conducted annually or every few years, and they reflect the current market conditions. 

● Tax Rate (Mill Rate): The tax rate is expressed as a percentage or a rate per $1,000 of assessed property value. Municipalities set this rate based on their budgetary needs and the total value of properties within their jurisdiction. 

For example, if your home is assessed at $500,000 and your municipality’s tax rate is 1.2%, your annual property tax would be $6,000. 

Factors That Influence Property Taxes 

Several factors can affect your property taxes, including: 

● Location: Properties in urban areas with more services and amenities often have higher assessed values and tax rates compared to rural areas. 

● Property Improvements: Renovations or additions to your home, such as a new garage or a finished basement, can increase your property’s assessed value, leading to higher taxes. 

● Market Conditions: A booming real estate market can lead to higher property assessments, while a downturn can have the opposite effect. 

● Local Government Needs: Municipalities may adjust tax rates based on their budgetary requirements, which can vary from year to year. 

How to Manage and Plan for Property Taxes 

● Stay Informed: Keep an eye on your property’s assessed value and the local tax rate. Municipalities usually provide a notice of assessment, which you should review carefully. 

● Appeal if Necessary: If you believe your property has been over-assessed, you have the right to appeal. Provide evidence such as recent sales of comparable properties in your area to support your case. 

● Budget Accordingly: Property taxes are typically paid annually, but many municipalities offer payment plans that allow you to spread out the cost. Budgeting for these payments can prevent financial strain. 

● Tax Credits and Exemptions: Explore available tax credits or exemptions, such as those for seniors, veterans, or low-income homeowners, which can reduce your tax burden. 

In Closing 

Understanding property taxes is crucial for managing one of the most significant ongoing costs of homeownership. By staying informed about how they are calculated and knowing your rights and responsibilities, you can better plan your finances and make informed decisions about your property. Whether you’re a new homeowner or have been in your home for years, keeping property taxes in check is a key part of responsible homeownership

Moving to a new home can be both exciting and overwhelming. Whether you're relocating within your own city or to a different one, this guide will help you navigate the process with ease.

Here are some essential tips and helpful information to ensure a smooth transition.

Plan Ahead

Create a Moving Checklist

Start by listing all the tasks you need to complete before, during, and after the move. This includes packing, hiring movers, and notifying utilities.

Set a Budget

Moving can be expensive. Plan your budget to cover moving costs, new furniture, and any unexpected expenses.

Declutter and Organize

Sort and Purge

Go through your belongings and decide what to keep, donate, or discard. This will make packing easier and reduce moving costs.

Organize by Category

Pack items by category (e.g., kitchen, bedroom) and label boxes clearly. Keep a list of what you are packing for example, have the box number, category and a little bit of what is in the box. This will help when you are unpacking and need certain items before others. You can better execute your unpacking by doing this.

Hire Professional Movers

Research Moving Companies

Look for reputable moving companies with good reviews. Get quotes from multiple companies to find the best deal. It’s ok to ask for references or ask your trusted realtor if they have a recommended list of moving companies.

Book Early

Especially during peak moving seasons, book your movers well in advance to secure your preferred date.

Notify Important Parties

Change of Address

Update your address with Canada Post, banks, insurance companies, and other important institutions.

Inform Utilities

Notify your utility providers (electricity, water, internet) about your move to ensure services are transferred or set up at your new home.

Pack Smart

Use Quality Packing Material

Invest in sturdy boxes, bubble wrap, and packing tape to protect your belongings. You can also use alternative ways to pack such as using towels that can be used to wrap breakables. Try to strategize material that you may already have at home that can be used in the wrapping that you can spare to be without until you move. This can help minimize the costs.

Pack an Essentials Box

Include items you'll need immediately upon arrival, such as toiletries, a change of clothes, and important documents. Even a box with cleaning products easily available for moving day.

Take Care of Your New Home 

Clean Before Moving In

If possible, clean your new home before moving in. This will make settling in more comfortable. Take it one room at a time and don’t be afraid to ask for help from your loved ones.

If you only have access to your home on move in day, then try cleaning as you unpack to help the process.

Check for Repairs

Inspect your new home for any necessary repairs and address them promptly. If you had a home inspection, you can use it as a priority check list.

Get to Know Your New Neighborhood

Explore Local Amenities

Familiarize yourself with nearby grocery stores, healthcare facilities, and other essential services. If you have relocated to a new city or town, it is always convenient to find essential services like a dental office closer to you.

Meet Your Neighbors

Introduce yourself to your new neighbors. Building a good relationship with them can make your new community feel like home.

Settle In 

Unpack Methodically

Start with essential rooms like the kitchen and bedroom. Take your time to organize your new space. On the first day, we always recommend to make sure the beds are at least set up for a good first night sleep.

Update Your Information

Ensure your new address is updated on all your personal records, including your driver's license and health card. Canada Post offers a great service where your mail will be forwarded to your new address. This helps if you happen to miss someone on your list.

Take Care of Yourself

Stay Hydrated and Rested

Moving can be physically demanding. Make sure to drink plenty of water and get enough rest. Take your time and don’t feel rushed. Be kind to yourself and take your time.

Ask for Help

Don't hesitate to ask friends or family for assistance. Moving is a big task, and having support can make it easier.

By following these tips, you'll be well-prepared for your move and ready to enjoy your new home. When in doubt, you can always ask your trusted realtor questions and for tips. Happy moving!

Buying a home is a significant investment, and understanding the ins and outs of the process is crucial for making informed decisions. One essential step in the home buying journey is the home inspection. In this blog post, we'll delve into the home inspection process, explaining what it entails and why it's so important for buyers.

What is a Home Inspection?

A home inspection is a comprehensive examination of a property's condition, typically conducted by a licensed professional known as a home inspector. The purpose of the inspection is to identify any issues or defects that may affect the home's safety, integrity, or value. This includes examining the structural components, mechanical systems, and overall condition of the property.

Why is a Home Inspection Important?

A home inspection provides buyers with invaluable insights into the condition of the property they're considering purchasing. It helps uncover any hidden problems that may not be apparent during a casual walkthrough. By identifying issues early on, buyers can make informed decisions about whether to proceed with the purchase, renegotiate the terms of the sale, or request repairs from the seller.

What Does a Home Inspection Cover?

During a home inspection, the inspector will assess various aspects of the property, including:

1. Structural Components: This involves examining the foundation, walls, roof, and other structural elements for signs of damage or deterioration.

2. Electrical Systems: The inspector will check the wiring, outlets, circuit breakers, and electrical panels to ensure they're functioning properly and meet safety standards.

3. Plumbing Systems: Plumbing inspections include checking for leaks, water pressure issues, drainage problems, and the condition of pipes, fixtures, and water heaters.

4. HVAC Systems: Heating, ventilation, and air conditioning systems are evaluated to ensure they're in good working order and adequately heating or cooling the home.

5. Interior and Exterior Features: The inspector will inspect interior features such as doors, windows, floors, ceilings, and walls for damage or defects. Exterior inspections cover siding, trim, windows, doors, decks, and landscaping.

What Happens After the Inspection?

After completing the inspection, the inspector will provide a detailed report outlining the findings, including any issues or concerns discovered during the inspection. Buyers can then review the report and decide how to proceed. Depending on the severity of the issues identified, buyers may choose to:

● Proceed with the purchase as planned

● Negotiate with the seller to address the issues or request repairs

● Renegotiate the terms of the sale based on the inspection findings

● Walk away from the deal if the issues are too significant or costly to address

In conclusion, a home inspection is a critical step in the homebuying process that provides buyers with essential information about the condition of the property. By understanding what to expect during a home inspection and how to interpret the findings, buyers can make confident and informed decisions about their real estate investments.

As the leaves change color and the air grows crisp, it's clear that winter is on its way. Preparing your home for the colder months is crucial, not only for keeping your living space warm and cozy, but also for ensuring your safety and reducing energy costs. 

Here are some essential tips to get your house winter-ready:

1. Inspect and Clean Your Heating System

Before the chill sets in, have your heating system checked by a professional. This ensures it runs efficiently and safely. Don’t forget to replace filters in your furnace or heating system and consider cleaning your ducts to improve air quality and system efficiency.

2. Seal Windows and Doors

Drafts can be a major source of heat loss. Check your windows and doors for drafts and apply weather stripping or caulk where necessary. Insulating your windows with plastic film can also be an effective and inexpensive way to keep the heat in.

3. Check Your Insulation

Proper insulation is key to keeping your home warm. Inspect your attic, walls, and basement for adequate insulation. Adding extra insulation where needed can significantly reduce heating costs.

4. Prepare Your Fireplace

If you have a fireplace, make sure it’s ready for use. Have the chimney cleaned and inspected by a professional to prevent chimney fires and carbon monoxide poisoning. Check that your fireplace damper opens and closes properly.

5. Clean Gutters and Downspouts

Clogged gutters can lead to ice dams, which cause water to back up and potentially enter your home. Clean your gutters and downspouts to ensure water can flow freely away from your house.

6. Protect Your Pipes

Frozen pipes can burst and cause significant damage. Insulate pipes in unheated areas and consider using heat tape. Know how to shut off water in case a pipe freezes and bursts.

7. Check Your Roof

Inspect your roof for missing or damaged shingles and make the necessary repairs to prevent water damage. Also, trim any tree branches hanging close to your roof or electrical wires.

8. Install a Programmable Thermostat

A programmable thermostat can help save on heating costs by lowering the temperature when you’re not home or asleep. Some modern thermostats can be controlled remotely via your smartphone.

9. Stock Up on Winter Essentials

Make sure you have a good supply of winter essentials like salt or ice melt, snow shovels, and emergency kits for your home and car. It's better to be prepared before the first big snowfall.

10. Reverse Your Ceiling Fans

If your ceiling fans have a reverse switch, use it to run the fan's blades in a clockwise direction after you turn on your heat. This pushes warm air down from the ceiling into the room.

Conclusion

Taking the time to prepare your home for winter can make a significant difference in your comfort and safety. It can also help in reducing your energy bills. By following these simple steps, you can enjoy a snug and secure winter season in your warm, well-maintained home. If you need assistance or specific recommendations for prepping your home for the colder months, our team is here to help. We can guide you through the process and ensure your home is winter-ready. Stay warm and safe!

Get ready for a cleaner and more organized 2024! Click below to access your personalized waste removal schedule. We've made it super easy for you to stay in the loop about pickup days, recycling updates, and important notifications. Let's keep our neighborhood clean and green, together!

2024 Waste Removal Schedule for your neighbourhood 

In some cases, the first real estate experience is a condominium, especially for a single or young couple. Many do this for financial reasons or for the type of living it offers; however, no matter the reason, it is a great way to get your foot in real estate.

As with anything in life, things change and people’s needs change. This is when many people look at upsizing their space from condo to home. There are many differences between owning the two styles and sometimes people think it is too much where owning a home isn’t a possibility.

But anything is possible!

Transitioning can be difficult; however, with the proper knowledge, resources and right mind-set, it will help make it a smoother transition.

We have gathered some comparisons on some of the major differences as knowledge is key. This is the first step to know your possibility.

Financial

One of the biggest fears with upsizing is costs and monthly costs.

When it comes to condo expenses you can be sure that it covers all the utilities with the exception of Hydro. These expenses are covered with the maintenance fees. These are set by the condo corporation and usually it is a fixed amount each month until it is reviewed yearly where it can raise for the following year. Depending on the condo corporation your fees include the shared recreational services such as the gym and swimming pool. The amount varies by condo on how much is taken from the maintenance fee (some could be 35% of your fees). For some who don’t use these services can find this to be an unnecessary expense for them.

When it comes to home owning, you are responsible for all the utility bills. However, there are no maintenance fees in owning your home. For example, if you put aside the money that would have been for your maintenance fees, you could see the difference in how much is spent per month and you would be surprised at what you could possibly have left over. That could be carried into the next month in case there is a little extra to cover. Keeping track of the utility bills is important as you can see how much is used and spent. It will help you manage the bills more effectively.

*Hint: Signing up for e-billing for example is a great way to help make the colder months more manageable with the gas company.

Time

Time is precious for everyone especially when we balance so much in life like work, family and our home life.

Condo living does not require too much additional time to maintain especially the outdoor space. There are little things to do in the condo; however, usually that is based on a reactive action.

Home owners on the other hand need to invest a little more time in doing things around the home and maintaining the outdoors. It is said that gardening can be very therapeutic for people and if you enjoy this activity it can be very beneficial.

With time, one can see as a home being as proactive while a condo is more reactive which has pros and cons to both.

Rules

We all follow rules especially the rules of the law. But with condo and home living there are a few differences.

Condo residents need to follow the law but also have to abide to the additional rules set out by the condo corporation such as when you can put garbage down the chute; the colour of curtains that can be used; what can be left on the balcony; outdoor décor and even holiday décor. There are many rules to be followed in order to keep all living in the building happy.

With being a home owner, the rules that are followed are the laws and by-laws that are set out by each city or town you live in. But they are no other rules that have been set by a body of people on details surrounding how you want to decorate your home inside or out. The city does require you to maintain your property such as cutting the grass and removing snow. But there are also other opportunities with owning a home such as having it as an income property where you can still live in the home and rent a portion of it. There is also an option of doing an Airbnb room. This is not possible in most condominiums.

Conclusion

There is more work involved in owning a home but it definitely is worth it when you have the space that you need for you and your family. Many of my clients never thought they could make that transition but they have in strides.

With patience, proper budgeting and great love, owning a home is possible.

Now is the perfect time to jump from condo living to a house as condos have increased in price while houses have stayed steady with today’s market.

To make the transition, give me a call and we can put a plan in place on the possibilities.