Tag Archives: Corinne Dezsi Sells Homes

What’s a Mortgage Deposit? Only Half of Canadians Know!

While many Canadians have a good understanding of financial services terms, a recent Angus Reid survey revealed that only 51 percent of respondents were confident they knew what a mortgage deposit was, with 48 percent admitting they were “not very confident” or “not at all confident” they understood the term. #cbrmr

It’s easy to see why there’s some confusion over the definition, as homebuyers often use the terms “deposit” and “down payment” interchangeably. While they both refer to money put forward in the home buying process, here’s some clarification of each term:

A deposit is comprised of the initial funds the buyer submits during the offer process to secure or commit to a property they wish to purchase, as a gesture of trust and good faith to the seller. It’s typically made at the time the offer is made, or upon acceptance of the offer. There’s no typical amount for the deposit, although in a hot housing market, an offer with a higher deposit could be more attractive to the seller.

If the seller accepts the offer, the deposit will typically be kept in a trust account — usually by the seller’s brokerage — until it becomes payable.

A down payment is the money the buyer pays to the seller to be eligible for financing once the offer is accepted. It’s a lump sum that’s paid out of the buyer’s pocket, not financed through a mortgage. When the time comes to close on the home, the deposit will go toward the down payment and will be credited toward the home’s purchase price.

Are you planning to make a move this summer? Call TheMashTeam at 905 430-6655 for the latest market update!

4 Simple Pesticides for Your Garden

Check out these easy and natural pesticides that you can make at home.

Spring has arrived. It’s only a matter of time before insects arrive in droves to your garden. Begin protecting your lawn and garden with pesticides now so that the impact of them will be less throughout the growing season. Check out these easy and natural pesticides that you can make at home:

1. Oil Spray Insecticide

If you see a lot of aphids, mites, or other small insects on your plants consider making an easy oil spray to help kill these pesky insects. Simply mix together 1 cup of vegetable oil with 1 tablespoon of soap in a jar. Mix two teaspoons of this mixture to spray bottle filled with one quart of water. Shake the mixture and spray directly onto plants to help eliminate insects. The oil will keep insects away without hurting your plants. Spray affected plants every 10 days to keep insects at bay. As suggested by landscape experts, make sure to apply your solution carefully as natural remedies sterilize the surround soil as well.

2. Diatomaceous Earth

This commonly known natural product is regularly found in the Earth’s crust. Diatomaceous Earth is made up of the sharp remains of miniscule fossilized plants and can be easily found in garden centers. For a do-it-yourself version, rinse and breakdown egg shells into a granular state. Use this natural compound by sprinkling it around plants in your garden. The sharp contents will keep insects away without harming your plants at all.

3. Sprinkle Soap

For those homeowners who have a high population of deer in their area, sprinkling soap around gardens is a great way to deter deer from eating your prized petunias. Soap can be used in a few different ways and is a great way to easily deter pests from the garden. Full bars of soap can be used if put on spears in the garden or slices of soap can also be used around the garden area as well. If you have just planted seedlings, consider shaving soap and sprinkling it on the garden bed.

The soap deters deer who don’t like the fragrant aroma and will also help to keep bugs away as it dehydrates them in the soil. Soap won’t hurt plants and will last as long as the rain allows it to before being washed away. Highly fragrant soaps, like Irish Spring, are the best choice when using in your garden as a deterrent.

4. Order Ladybugs

Ladybugs are not only pretty to look at but they also are quite the helper when it comes to ridding your garden of unwanted insects like aphids. One ladybug can eat up to 50 aphids a day and they also will help rid your garden of other insects like boil worm, corn earworm, scale, leaf hopper, and mealybugs. Ladybugs can be ordered online and will arrive at your door hungry and ready to feast. Simply open the container at sundown to encourage them to scatter, without flying away, and they will go to work on ridding your garden of insects quickly!
Keeping your outdoor space free from pests is easy with these simple things that you can do at home. Mix up some oil spray, slice some soap, or order some ladybugs to quickly rid your garden of insects this growing season. #cbrmr

Prices Stabilize Into Spring

Click on the links to get our comparison of 2016, 2017 and 2018

Avg. Sale Prices comparison # of Sales comparison

Avg. Sale Prices comparison

Months of Inventory comparison

Toronto’s housing prices showed signs of steadying in April, with moderate price increases expected as the year moves on.

Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,792 sales through TREB’s MLS® System in April 2018, at an average selling price of $804,584. On a year-over-year basis, the average selling price was down by 12.4 percent while sales were down from last April’s record levels by 32.1 percent.

“While average selling prices have not climbed back to last year’s record peak, April’s price level represents a substantial gain over the past decade,” noted Mr. Syrianos.

Jason Mercer, TREB’s Director of Market Analysis added, “The comparison of this year’s sales and price figures to last year’s record peak masks the fact that market conditions should support moderate increases in home prices as we move through the second half of the year, particularly for condominium apartments and higher density lowrise home types. Once we are past the current policy-based volatility, home owners should expect to see the resumption of a moderate and sustained pace of price growth in line with a strong and local economy and steady population growth.”

Wondering about the latest local real estate activity? Is this the right time for you and your family to make a move? Please call today for your complimentary market update! #cbrmr

Top 5 Easy Houseplants You’ll Grow to Love

Decorating your home with indoor plants is affordable and stress-free. Here are five ideas on how to incorporate low-maintenance houseplants to your interior decor.

Add a touch of green to your home. Indoor plants brighten up any room and they can also help purify the air in your home. Here are five low maintenance houseplants and instructions on how to grow and take care of them—no green thumbs required! #cbrmr

1. English Ivy

Caring for ivy plants is easy and rewarding. English Ivy is known to grow effortlessly. It can even thrive under fluorescent light. Place your English Ivy on your bookshelf and let the vines grow for a dramatic effect.
houseplant - ivy

2. Jade Plant

Jade is a popular succulent because it requires little care. It needs moderate lighting. You can water the plant when the top soil is dry to the touch. If you are feeling creative, try mixing up different kinds of succulents for a terrarium garden.
houseplants - jade

3. Air Plants

As the name suggests, these plants don’t even need soil to survive! Each leaf of an air plant absorbs water and nutrients. Air plants need bright indirect light and they need to be soaked in a bowl of water for 30 minutes once a week. Show off your air plants on a piece of driftwood for a rustic look or in a hanging terrarium for a minimalist look.
houseplants - airplant

4. Areca Palm

Turn any room into a paradise with Areca Palms (aka Butterfly Palms). Areca Palm usually reaches a height of 6 feet when it is grown indoors. It requires bright indirect sunlight and it should be watered biweekly or when the soil dries out.

Photo credit: @almostmakesperfect

5. Basil

These fragrant herbs grow indoors just as well as they do outdoors. Just make sure they get plenty of sunlight and water them often. The best part of growing a basil plant is that you can eat it! Garnish your favorite pasta dish or make a delicious basil cucumber gin.
houseplants - basil

3 Tech Questions to Ask Before Buying a Smart Home

When you find the perfect smart home for you, consider these important questions. Remember, The Mash Team is SMART HOME certified. #cbrmr

 

Smart homes are all the rage these days and are quickly becoming a hot commodity. A recent survey found that 65 percent of buyers would pay extra for houses with smart features – that is, anything in the home that connects to the internet. Smart features include connected security systems, HVAC systems, lighting, thermostats, door locks and eco-friendly appliances—all of which can be controlled remotely from your smartphone or tablet.

While smart homes offer convenience and energy savings, they do come with unique challenges—especially when transferring the home from one family to the next. If you think you’ve found the perfect smart home for you, consider these important questions.

1. What Devices are Actually in the Home?

Talk with the realtor or current homeowners to get a list of devices installed in the home. Don’t rely on a quick walkthrough tour alone, as some IoT-enabled devices are more obvious than others. For example, you’ll be able to spot a smart refrigerator’s touchscreen, but you may not notice the smart lighting solutions. These could encompass not only light bulbs but also adjustable window shades and natural-light detection that dims bulbs as natural light floods the room.

It’s also a good idea to pinpoint what you want out of a smart home, so you can find the one that meets all (or at least most) of your criteria. Additionally, check with the sellers to make sure the manuals for each device are available. They’ll highlight the various features and can quickly clue you in on where each device is and what it has to offer.

2. Are There Warranties for the Connected Devices?

Review the warranties and policies of the home’s IoT gadgets just like you would for any other appliance in the home. You can do this online if you have the serial numbers. (Ask the seller for a list of serial numbers for each device.) That way, you can make sure the devices are actually transferable to new owners so you don’t miss out on important features or security updates.

If everything checks out, remember to update the manufacturer’s pre-set passwords and see if there are any new versions of the device software once you’re all moved in. You can do this on the manufacturer’s website or by accessing the settings menu in the gadget itself.

3. Have the Devices Been Reset to Factory Settings?

Ask if the owner will (or already has) reset the devices back to their default factory settings. Doing so will make it easier for you to create your own account, set up new access protocols and adjust the settings to your liking.

It’s also wise to review the privacy settings for each device, as well as the settings for your own smartphone or tablet, which is what you’ll use to “talk” to your smart home. Keep in mind that all connected devices store and communicate data, so educate yourself as much as possible on how your smart hub works.

It’s up to you to beef up security and limit personal information stored in IoT devices as much as possible. By knowing what you want and asking questions (as many questions as you need to!), you’ll be able to smoothly transition into your new smart home.

The Real Estate Market is Still Strong…despite what you hear on the news!

We just wanted to take the time to reach out regarding a lot of negativity in the news lately about the real estate market, interest rates and where things are heading.

Just this morning on the news we heard that April sales were down over 30% from last year and while last year’s market was an anomaly, we think it’s fair to say that the bad press is causing some of this down turn by portraying this as a “bad time to buy or sell”.

Yes, rates have been on the rise over the last year, however, did you know that you can still get interest rates as low as Prime (currently 3.45%) -.95% on a variable term or 3.29% for a 5 year fixed. These are still some great rates compared to what we’ve experienced in the past!

Even if you are not in the market to move, it may be a good time to refinance and consolidate some of those debts that may be eating into your monthly cash flow. Why continue to pay up to 20% interest on credit cards when you could borrow against the equity of your home and pay them off.

Market prices are starting to settle down, unemployment is at a 40 year low and rates are still good. Those are a few things to remain positive about.

If you have any questions or concerns regarding your mortgage or the market in general, please let The Mash Team know and we will be happy to help. #cbrmr

Spring Into Action

Spring is peak home-buying time. If you’re in the market for a new home this season, get a jump on your competition by ticking off these tasks before even beginning the home-hunting process.

  • Obtain a copy of your credit report. It’s always wise to check your credit standing through one of the free credit-reporting services once a year, even if you’re not in the market for a loan, just to be sure the report is up-to-date and accurate. In the event it contains any errors or omissions (e.g., closed charge accounts that appear as available credit or repaid loans that show up as outstanding), you’ll want to get those mistakes cleared up before they slow things down when you do need a loan, or worse, ruin your chances of obtaining a loan altogether.
  • Get pre-approved for a mortgage. And make sure your real estate sales representative knows! By getting pre-approved, not only will your representative be able to target properties that fit your budget, you’ll know that financing won’t be a stumbling block when you do find that perfect home. Also, as a pre-approved buyer, you can offer sellers a quicker closing, which can give you the edge over competing buyers who have yet to secure their own loan approval.
  • Be available. Make sure your real estate sales representative knows the quickest way to contact you as properties meeting your criteria become available. And have a contingency plan ready for viewing properties at a moment’s notice — have a babysitter on speed-dial, for example.
  • Line up your crew. Your property purchase will likely necessitate securing the services of professionals, such as a home inspector and a lawyer. Have your team lined up ahead of time so that you don’t hinder the home-buying process by waiting until the last minute to recruit. Call The Mash Team first to get started. #cbrmr

Painting Perfection, For Less!

There’s nothing that can change and refresh the look of a room faster and as cost-effectively as a fresh coat of paint. While big jobs, high ceilings and tight deadlines may necessitate the services of a professional painter, there are many other instances that are conducive to a successful DIY experience.

Here are some tips to save the do-it-yourself painter both time and money!

  • Use flannel-backed vinyl tablecloths from the dollar store as drop sheets — they’re fairly durable, so they can typically be used multiple times. Place the tablecloths flannel-side up so that any paint drops landing on the tablecloth get absorbed cleanly.
  • Save time on messy roller pan cleanups by lining it with a plastic grocery bag (turn it inside out if there’s any paint drops on the bag). When you’re done painting, simply remove the bag by turning it inside out, and discard it cleanly.
  • Invest in high quality paintbrushes. Buy good brushes now, clean them properly and they will pay for themselves not only in the quality finish they’ll create, but in the number of times you’ll be able to re-use them.
  • Using the same brushes and rollers again the next day? In-between coats, simply wrap them in foil, then store in plastic bags overnight.
  • “Expensive” paint doesn’t necessarily mean “better” paint. Store brands can provide the same great quality as designer brands, without the steep price tag. Be sure to check out the “mis-tint” shelf at paint stores too. They often sell paint that was tinted to a shade not acceptable to a customer, so these otherwise perfect cans of paint are offered to the public for a fraction of the original retail price. #cbrmr

Household Tip: The Power of Three

There’s a decorating guideline that dictates that things displayed in odd numbers, with “3” often being the go-to number, adds depth, looks more natural, and makes arrangements more visually appealing than even-numbered groupings.

Three isn’t considered a crowd when it comes to arranging furniture, displaying artwork on walls or positioning contents on a tabletop. In fact, even adding a third colour to a room can change a flat design into something that feels more welcoming. For example, you may follow the 60/30/10 equation when choosing room colours, where 60% is the main room colour, 30% is the secondary colour and 10% is the accent colour.

Lighting arrangements also benefit from the power of three. Most rooms need to be lit by one ambient light, along with task lighting and then accent lights, all of which work together to result in a balanced and practical combination.

 

The Rise of Luxury Shipping Container Homes

The humble shipping container. It gets crammed in side by side with hundreds of others and stacked a half-dozen high on a slow boat to the other side of the world. It’s perhaps the farthest thing from luxury in this, its natural state. Somewhere along the line, the idea of turning one of these plain steel structures into something that passes for habitability—the earliest patent was filed in 1965, and you can read about subsequent patents — sparked. But could Christopher Betjemann, who first envisioned shipping containers as exhibition booths, have ever imagined them as luxury residences? Perhaps not, but, thankfully, many other innovators have.
While much of the growth of shipping container homes in recent years has been centered on tiny homes and ultra-affordability, the market for luxury container homes is also growing exponentially, all over the world.

Thomas A. Kligerman, partner at New York and San Francisco-based architectural firm Ike Kligerman Barkley, notes that sustainability is one of the main draws of today’s luxury container homes—which makes sense considering there are 20 million containers traveling on the oceans at any given time and “300 million unused shipping containers just sitting in landfills,” said CBS. Many are simply discarded after completing a trip because of the expense of sending them back to the originating country.

“Why not repurpose something rather than use resources to create new,” he interjected. Kligerman’s’s firm just completed a project using shipping containers that, while not exhibiting high design in and of itself, illustrates the luxury potential this type of building can provide. “We recently built a private hockey rink on a client’s 70-acre Maryland property,” he said. “While not necessarily luxurious—It is rarely warmer than 30 degrees inside—it is certainly a luxury to have your own hockey rink.”

For high-end buyers seeking to build a luxury home, price may not be the top concern, but the fact that shipping containers can dramatically slash building costs is certainly an advantage. “It’s definitely less expensive to buy abandoned or retired containers compared to traditional materials,” said Jeffrey Dungan of Jeffrey Dungan Architects. “They are also structurally sound and durable since they are made to withstand harsh weather at sea, homes can be built up to six stories tall without significant reinforcement, and they are quicker to build compared to conventional homes—Walls, floors, and ceilings are already built, so you just need to insulate. The first container home in Ireland was built in three days!”

Let’s take a trip around the world to see some of the most spectacular luxury container homes around.

The Beach Box, Amagansett, New York

The Beach Box, as it’s known, is one of the United States’ more famous container homes, as desirable and innovative as it was when it was first built in 2011. Constructed from six shipping containers, the Hamptons home measures about 2,000 square feet with four bedrooms, two-and-one-half baths, and 1,300 square feet of decking with a pool and roof deck, which opens up views of Napeague Harbor and the Atlantic Ocean. In addition to repurposing shipping containers, the home features certified sustainable materials including a white rubber roof, which is known to reduce energy costs, cypress siding, cedar decking, and bamboo fiber in the custom chef’s kitchen.

Joshua Tree Residence, Joshua Tree, CA

Homes under construction don’t typically get the type of attention this shipping container home as received, but Joshua Tree Residence, located in the California desert, is not your average home. The 2,100-square-foot, three-bedroom residence is designed in a distinctive starburst shape with containers jutting out in every direction. Now completing the design phase with construction set to begin later this year, the home is from London architect James Whitaker, with inspiration provided from one of his previous designs, Hechingen Studio, a starburst-ish container office building intended to be built in Germany (but never realized). Painted bright white, the containers provide a distinct contrast to the rocky desert terrain, while the entire residence has been situated to take advantage of the landscape and provide privacy to residents.

Grillagh Water, Ireland

The first modern shipping container home to be designed and built in Ireland, this architectural marvel weaves together four 45-foot shipping containers in the primary structure, creating two large cantilevers that extend out. Smart siting allows the Northern Ireland home, which is located on the banks of the Grillagh River, to enjoy picturesque views of its stunning rural landscape. Built by Patrick Bradley Architects, the residence offers a uniquely sculptural feel within the modern framework of a shipping container home.

Graceville, Brisbane, Australia

The largest shipping container house of its kind in Australia, Graceville from Zeigler Build required 31 containers to achieve its 6,000 square feet. The three-story structure took six months to build, using ample glass and industrial touches to create a sprawling residence that makes a statement in a more traditional family neighborhood.

Incubo House, Costa Rica

Built in 2013 by Maria Jose Trejos, Incubo House is a feat of both architecture and sustainability. The residence comprises eight large containers and was constructed so as to permit views of the site’s original cedar tree from every room of the house. Mobile bamboo exterior panels provide additional eco-friendliness (and attractiveness), while renewable, reusable and recyclable materials throughout the home helped to lower both the cost and building timeline—by as much as 20 percent, according to the architects.

Devil’s Corner, Tasmania

This striking structure is not a residential building, but rather the visitor’s center of Devil’s Corner, Brown Brothers’ Apslawn, Tasmania winery. Cumulus Studio used timber-clad shipping containers that were carefully placed to maximize views and give visitors something entirely new to look at. This project won numerous architectural awards, including the Tasmanian Architecture Awards: Colin Philp Award for Commercial Architecture, and the Colorbond Award for Steel Architecture, and was recognized at the 2016 National Architecture Awards with a National Commendation for Commercial Architecture.