2
Real Estate
Real Estate
Advice with
Advice with
Joe Mancuso
Joe Mancuso
trends watch
Text Jo Alcorn
KITCHENS whether big or small should be
beautiful and functional! I love the 24 inch
wide Bottom-Mount Fridge and Freezer and
the EasyControl Convection Oven and Electric
Cooktop from Miele as they are easy to fit in a
small space.
MARKET VALUES
decoded
Why does the value of a home differ
drastically from one area to the next? Here
are a few reasons why it is more expensive to
live in some cities.
1
Parker Spirits
Ebony Cabinet,
Crate &
Barrel, www.
crateandbarrel.
ca
2
Miele, www.miele.ca
Stacked
Storage Unit,
EQ3, www.
eq3.com
DOUBLE-DUTY furniture is a
must in a small space. Why
buy two pieces when you can
invest in furniture that serves
two purposes? A cabinet that
transforms into a serving bar
is a great piece to have in a
dining room!
BOOKCASES are more than just a place
to store books, they also make great room
dividers.
24
SAIC L Bench,
CB2, www.
cb2.com
MAXIMIZE WASTED SPACE
in the corner of a room by
placing this bench by CB2
that offers extra storage and
additional seating.
3
4
Supply and Demand Over the
years, Toronto and Ontario have
experienced an increase in population
due to job transfers, new opportunities
and immigration. This creates a very
buoyant buyer’s market especially in
the Greater Toronto Area. This simple
law of economics is very hard to
controvert despite the pace of condos
being built.
People, Businesses and Jobs
Areas offering higher paying positions
giving residents the ability to support
larger mortgages creates a pool of
wealth that increases home prices.
Country vs. City In a city, you
pay for convenience! The price of
rural properties is lower as it takes
into account the time and cost of
commuting to work, and the lack
of various social networks and
entertainment.
International Interest The world
agrees that Canada is a great place
to live! Savvy foreign investors tend
to choose real estate where the odds
of growth are greater than the risk.
Popular hot spots are larger cities
such as Toronto and Vancouver which
increases the price of homes in those
areas!
At the end of the day, your house is a home
not just an investment. It may be hard to
understand the drastic differences in regional
housing prices, but keep in mind that the
most important aspect to consider when
buying a home is to love the location. - Text by
Joe Mancuso