aerial view of toronto

Recent real estate data shows that property prices are going off the roof. In the last one year, house prices have gone up by 33.2%. If you do not already own a house in Toronto, it will cost you more to buy now. But why is this happening?

Do you want to know the real reason house prices in Toronto are soaring? Keep reading and you will…

Foreigner’s buying force

There is a speculation going around that foreign buyers are driving the prices in Toronto. They have flocked the market with countless of dollars ready to invest. The market has reacted to the surge in foreign buyers by pushing the prices above normal. Toronto authorities are thinking of including special tax for foreigners buying homes just like Vancouver is already doing.toronto condos

Stringent supply of houses

The current supply of houses in Toronto is not anywhere near the demand force. As it is custom when supply is low, and demand is high prices shoot through the ceiling. The Canadian government has put a limitation on where new houses can be built to prevent the green belt. This has, in turn, killed the supply of houses hence the high prices.

Immigration has had its say

Many of the immigrants to Ontario have spilled into Toronto. There many newcomers in Toronto from other Canadian provinces and other countries. This has further pushed the demand for houses. With some of these newcomers coming from areas where houses are very expensive, they can surely afford the prices in Toronto.

Speculation for continued growth

It is not only the forces of demand and supply that are pushing prices in Toronto. Speculation has had its say in the affairs. With Toronto property market expected to keep growing in double-digit for the foreseeable future, many people are buying houses. Interestingly, they are not buying a house to live in; they want to sell them after appreciation. With such a scenario, you expect the prices to go even higher.

Toronto offers one of the lowest interest rates

It is very easy to get a mortgage in Toronto. And you know what is even better? Interest rate as low as it can get. With this ease of borrowing and low interests, many people are ready to buy homes. The demand is getting high by the day. With interest rates did not seem to get high in the future, you expect the market to be flooded with house demands with a trickling supply.

You May Also Like: Guide to Buying Pre-Construction Condos in Toronto

Toronto has good things to offer

ballooning house priceesToronto has one some of the finest social services. Health and fitness facilities are in plenty, and this would explain why it would cost you much to buy a house here.

Now you know why Toronto houses are not your average choice. They are going for very high prices. How this will be no one can tell. As long as the factors driving the prices remain favorable, then the double-digit price appreciation is going to be around for a long time. It could be the right market to invest in; you can get good appreciation in a matter of a year.…

winter bedroom ideas

Soon it will be winter and people cannot stop thinking about how cold the weather will get for the next few months. Most people use this as an excuse to spend most of the time in bed so that they get warm. Doing so is alright. Since the bedroom will be your main room during winter period, it is necessary to take measures to ensure it is warm enough. As it is said that make hay while the sun shines one should prepare their bedroom before winter. Here is how to prepare your bedroom for the winter season.

Window insulation

The house loses heat through the windows. Insulating the bedroom windows is a great step to ensuring that the heat stays in the room. There are a variety of options to choose from when it comes to window insulators which include rubber seals, plastic seals or some may invest in heavy drapes. This will not only help one in retaining heat but saving on energy costs as well.

Piling up bedding layers

bedroomThe bed is one place that you will spend most of the winter time. One should ensure that it is prepared to serve this purpose. One should invest heavily in heavy blankets, faux fur, and even heavy comforters. For the bed sheets, one should switch from cotton to flannel so that they can be very comfortable when in bed. Cotton bed sheets tend to get cold when it is cold. If possible, one can invest in an electric blanket that will be used to warm you up. One will only need to warm it up before they get to bed.

Get rid of bare floors

The barer a floor is, the colder the room will be. To be warm and comfortable, the bedroom should be covered by rugs. All the areas should be covered including under the furniture and even the hallway leading to the bedroom. One should opt to use the fluffy rugs so that they can add that fluffy feeling to make you want to throw your toes in.

Taming cool temperatures

One should think of adding heating elements to their bedroom like the electric space heaters. The conventional heaters may also be used to warm the room since they spread the heat across the room much faster. It is easier to heat up one particular room to be very warm rather than heating up the entire house yet some rooms will rarely be used since your main focus will be staying in the bedroom.

Warming up the décor

The color schemes play a major role when it comes to bringing warmth. Color may create a warm ambiance and a welcoming atmosphere. One can paint the bedroom with hue colors such as gold, red and orange. The rugs and furniture in the bedroom should also have warm colors to enhance the warmth.

Fill up all the cracks

Cold may find its way into the house through the cracks. To help avoid this, all cracks ought to be filled up. This includes the cracks in the walls and even the window panes. One will need a bottle of caulk to help them in accomplishing this task.…