Why Moving To Toronto’s Davisville Village Neighbourhood Is A Good Idea

August 29th, 2011 by admin No comments »

The Davisville Village received its name from one of the first settlers of the area. In 1840, John Davis immigrated here from Staffordshire, England. Mr. Davis was very successful once he moved into Canada, he opened up the his own pottery store (known as Davis Pottery), he served as Davisville’s first postmaster, and he also helped fund the first public school in the neighbourhood (known as Davisville Public School). The post office building where Davis served, still stands today on the corner of Yonge Street and Davisville Avenue!

In the 1860′s, the southern part of Davisville Village was subdivided. The residents of this area were mainly friends and family of John Davis. The northern part was owned by the Church until the 1900′s.

Today, Davisville Village is a very popular neighbourhood for singles, young couples, and families. The neighbourhood offers affordable Toronto real estate, along with great recreational facilities, outstanding shopping districts, active nightlife, restaurants, dinner theatre, clubs, and movie theatres. The neighbourhood also offers local residents with nearby professional services, such as: printing, banking, health care, and dental care.

The estates in this Toronto neighbourhood were mainly built between 1920 and 1940. These homes mainly comprise of two and three-storey English Cottage and Edwardian-style, with some detached and semi-detached houses and bungalows. For the more affluent individuals, custom homes are popular in Davisville Village. You can also still see some of the historic homes that were built in the 1800′s!

The shopping district for the Davisville Village residence can be found on Mount Pleasant Road. You can easily spend a full day exploring the wide variety of shops and stores available on this stretch. Some shops you can expect to see in the Davisville Village shopping district include:

  • fine restaurants
  • old antique shops
  • large clothing stores
  • small accessory shops
  • unique collectible stores
  • lots of gift shops
  • bakeries that you can smell from outside the store
  • delicious cafes & coffee shops
  • children’s clothing and toy stores

No matter what your preferences are, you’ll surely be able to find what you’re looking for at the Davisville Village shopping district!

For the nature enthusiasts, Davisville Village offers seven parks (green spaces) to its residence. These parks include: Davisville Park, David A. Balfour Park, Moore Park Ravine, Lawrence Park, Blythwood Ravine, Sherwood Park, Sunnybrook Park. The local favorite seems to be Davisville Park, which offers: six tennis courts, baseball diamonds, and is a great place to come for a walk or jog through a natural habitat!

Education is an important in the lives of most Davisville Village residents. There are over twelve schools available for locals to choose from, no matter where you or your family’s current education is, there’s something for everyone. For the children there are four elementary schools, for the teens there are four secondary schools, and for the adults you can choose from many post secondary institutes. There’s also a school catered for the deaf.

Davisville Village is centrally located in the City of Toronto, and is only minutes away from downtown! To get to the highways or expressways it will take approximately 15-20 minutes by vehicle. For public transportation, locals can jump on the bus service or the take a stroll over to one of the two subway stations in the area!

Aeriol Nicols is a Real Estate & Mortgage Broker in the Greater Toronto Area. She specializes in the sale of unique properties such as Lofts, Victorian and Georgian style homes. Aeriol also works with experienced real estate investors to build their income producing portfolio. Aeriol has helped hundreds of families over the years to invest in Toronto and York Region Real Estate.

 

Housing Scorecards Provide Snapshot and Trend Data

August 28th, 2011 by admin No comments »

In June of last year, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Treasury Department issued a press release announcing the creation of a new report – the housing scorecard. Released at the beginning of each month, the scorecard is intended to give a comprehensive snapshot of nation’s housing market and track the effectiveness of the Obama Administration’s recovery programs.

Several housing indicators are reported on in the scorecard. Overall home values and selling prices, foreclosures, and new home sales are covered. In addition, the scorecards report on things like mortgage interest rates, the number of mortgage holders who refinanced, and the overall housing stock (including whether the number of homes for sale has gone up or down). Individual programs are monitored, too, including the Home Affordable Modification Program (HAMP) and the newly created Emergency Homeowners’ Loan Program (EHLP).

In the first week of August, HUD and the Treasury Department released the Housing Scorecard for July, which contained plenty of mixed signals. Not every market indicator is deteriorating, but few are improving.

In June (the month in which data was collected for the July Scorecard), 4.4 percent of standard mortgages were 30 days late or more, a sharp drop its 6.69 percent peak. In addition, approximately 1.6 million mortgages were 90 days late or more, down 22 percent from a peak of 1.9 million last year.

From April 2009 to May 2011 about 5 million mortgage modifications were started. Of those over 1.6 million were through the Home Affordable Modification Program (HAMP) and 2.4 million through HOPE Now. About 32,000 mortgage holders completed modification processes during the month of June, with payments being reduced an average of 37 percent. In its ongoing effort to help mortgage holders who have fallen behind in their payments, HUD also initiated the Emergency Homeowners’ Loan Program (EHLP). Rather than offering loan modification, EHLP provides short-terms loans to homeowners who are at least 30 days late on their mortgage payments.

The July Scorecard also reports that there is currently a 9.5 month supply of homes for sale in the U.S. market, and as many vacant units that are held off-market. Rates for 30-year Fixed-Rate mortgages ticked up slightly from 4.52 to 4.55 percent, and the number of delinquencies in the sub-prime market also increased slightly from 32.5 to 32.9 percent.

These monthly scorecards help the Obama Administration, and the public at large, better understand current conditions in the housing market. In addition, the regular release of data helps determine trends, such as the slow but steady decline in foreclosures and equally slow but steady increase in home prices. Though not all of the news is good, there are enough positive indicators to infer that we are finally reaching a turning point in the housing crisis.