Thursday, August 20, 2009

School Rankings

When helping couples look for homes the ones with kids ask about schools. Schools play a large part in one's relocation decision. Factors include:
Location
Ranking
Bus availabilty
Before and After School Care

Several of the factors one has to contact the local school but regarding ranking there are 2 annual reports that rank the schools on how the kids fared on a skill testing examination.
The 2 annual reports are:
1) EQAO - http://www.eqao.com/results/?Lang=E
2) Fraser Institute report - http://www.fraserinstitute.org/reportcards/schoolperformance/ontario.htm

Take a look at these reports to see how your child's school is doing or if you are considering moving to a new subdivision. This report should be looked at if you have kids or not since it may impact the resale of your home.

Sunday, August 16, 2009

Cost of Building a New Home or Renovating

Depending on what suits your needs - everyone has different living preferences. Some people love the city life and other's suburban life. Then there are those that love the country. I must say the perfect balance for me would be to have 2 places - one in the city and one in the country and depending on how I feel, decide to stay at either one.

Country living is something I get a lot of questions about now a days as people don't want to be driving for hours to go to the cottage. They rather own land in the country areas surrounding the city, for example North Pickering.

A couple last week asked me about the cost of building a new home on vacant land or renovating and existing old home, so I did some research and wanted to share it with everyone.

The cost of building a new home or adding in Ontario ranges from $125-140/sq ft. Now keep in mind that this varies on what you exactly want to get done. If you are doing everything high end then the costs can go upwards to $400/sq ft.

In my research I found a very useful website - http://www.ontariocontractors.com/. This website has a cost estimate calculator which basis the cost on square footage and type of home. It also has a directory of contractors and allows you to tender your project on the site and have contractors bid on your project.

I also felt this was very useful information for people that want to get involved in the flipping business. Flipping is becoming a common thing that one sees happening in Markham Village right now - Buy an old run down home, upgrade or expand the home and resale!

Summer + Sir Gawaine

Summer is finally here! I can't believe we have had our first nice weekend and it's the middle of August.

This weekend I was doing an open house on both Saturday and Sunday on Sir Gawaine in Markham Village. The house is a detached backslit with thousands spent on upgrades. It's in a very desirable area and the visitor traffic this week proved it. The real estate market has really picked up and is remaining strong with no signs of slowing down!