As the twinkling lights brighten our homes and communities, it’s a perfect time to reflect on the past year and look ahead with hope and excitement. 2024 has been a year of resilience, growth, and joy, and as we wrap it up with this festive issue of The Power to Move You, we’re reminded of the incredible people and stories that make what we do so rewarding.
This holiday edition is packed with a delightful mix of seasonal cheer, practical advice, and inspiration to carry you into the new year with confidence and a smile. Here’s a little taste of what’s inside:
Market Magic: Explore the stability returning to the Canadian housing market and what it means for you as we head into 2025.
Holiday Fun: From classic Christmas movies and TV shows to delicious recipes like a one-pan prime rib, we’ve got your festive celebrations covered. Don’t forget to check out our Kissing Santa Claus Mocktail—it’s a holiday must-try!
Fresh Beginnings: Thinking of making 2025 your year for positive change? We’re sharing simple steps you can take now to make it happen.
Real Estate Know-How: Whether you’re navigating mortgage renewals, curious about U.S. property ownership as a Canadian, or wondering about fractional ownership, we’ve got expert insights to help you make informed decisions.
Winter Wonderlands: Lindsay and I had a blast exploring and reviewing some magical winter destinations like the Winter Village at the Distillery District and the tranquil Scandinave Spa—perfect spots to recharge this season.
Celebrating Our Diversity: Canada’s multicultural celebrations bring so much warmth and joy to the season, and we’re thrilled to share stories that highlight the unique ways communities come together to spread holiday cheer.
And of course, our properties section showcases some fabulous homes, condos, and unique opportunities, including fractional ownership options to escape the winter chill or embrace it on a snowy slope!
The holidays are a time for connection, reflection, and kindness. Let’s spread some extra warmth this season by reaching out to those around us—it’s amazing how a little goodwill can go a long way.
From all of us at The TB Realty Group, thank you for being part of our journey this year. Wishing you and your loved ones a joyful, laughter-filled holiday season and a bright, prosperous 2025!
Warm holiday hugs,
Theresa Baird Broker
From everyone at the
About our team
At the TB Realty Group, we take great pride in being a dedicated group of professional realtors who strive to deliver the best possible service to our clients. Our team is passionate about inspiring and sharing the lifestyle that comes along with buying or selling a property, regardless of price point. With decades of combined real estate experience, we have the knowledge and expertise to provide exceptional representation and expert negotiation, all while building the long-lasting relationships and trusted partnerships that set us apart.
As members of the Keller Williams Luxury Brand, we have access to a global network allowing us to reach buyers not only locally but also internationally through our affiliation with Who’s Who in Luxury Marketing. This gives our clients a distinct advantage in the competitive world of real estate.
Our team is there through every step of the real estate process, holding ourselves accountable to the highest standard of integrity and always placing our client’s interests above all else. We ensure that the experience of buying, selling, or investing in real estate is as easy as possible. By prioritizing our client’s needs we work hard to exceed expectations and are committed to going above and beyond to provide an unmatched level of customer service. We are developing relationships that last a lifetime and invite you to take this journey with us!
Stability returns to Canadian housing market
The Canadian housing market is poised for stability in 2025 as declining interest rates and new lending rules bring buyers back to the market, according to Royal LePage’s Market Survey Forecast. The company predicts the average price of a home in Canada will rise by 6 per cent year-over-year to $856,692 in the fourth quarter of 2025, falling in line with long-term trends.
Single-family detached homes are expected to see a 7 per cent price increase, reaching a median value of $900,833, while condo prices are forecasted to grow by 3.5 per cent, reaching $605,993. “The backlog of willing and able buyers continues to grow, and upcoming changes to mortgage lending rules will further enhance Canadians’ borrowing power,” says Phil Soper, president and CEO of Royal LePage.
The Bank of Canada’s recent monetary policy shift, from “inflation fighter” to “economy booster” has
been a key driver of this optimism, Soper points out. “We saw a marked increase in market activity at the start of the fourth quarter, following the Bank of Canada’s 50-basis-point rate cut,” he notes, adding that buyers, for the most part, believe home prices have bottomed out.
Regional price trends will reflect strong demand
The forecast predicts price growth across all major Canadian markets, with Quebec City leading the way at an expected 11 per cent increase in the price.
Edmonton and Regina follow with projected gains of 9 per cent each. Meanwhile, Greater Montreal is expected to see a 6 per cent increase, outpacing the Greater Toronto Area’s moderate 5 per cent gain and Metro Vancouver’s 4 per cent increase.
“Over the past several months, supply has been building in the Toronto and Vancouver real estate markets as sellers responded to early interest rate cuts by listing their homes. However, with home prices in these cities remaining high, many sidelined buyers continued to wait for more favourable borrowing conditions,” Soper explains.
“Flat property prices also reduced the urgency often driven by fears of ‘missing out,’ creating a temporary stalemate where inventory lingered, and buyers hesitated to act. By mid-fall, this dynamic began to shift as buyers re-engaged with the market.”
Expanded lending rules should help first-time buyers
New mortgage rules set to take effect Dec. 15, 2024, aim to provide greater access to housing for firsttime buyers and those purchasing new construction homes. These changes include eligibility for 30year amortizations on insured mortgages and an increase in the mortgage insurance cap from $1 million to $1.5 million.
“First-time buyers will be the primary beneficiaries of these initiatives, as their ability to borrow more for less with a smaller down payment will help bring them closer to their first home purchase,” said Soper. “We believe the return of buyers to the market will encourage builders and trigger a wave of new supply, which is very much needed.”
Policy and economic factors
There is the potential for disruptions from political changes both domestically and in the U.S. New housing policies following a federal election in Canada, along with the trade agenda of the incoming Trump administration in the U.S., could have ripple effects on Canada’s housing market, Soper flags.
Outlook for 2025
The strongest quarterly gains are forecast for the first quarter of 2025, driven by an early spring market. National home prices are projected to increase 2 per cent from Q4 2024 to Q1 2025, followed by more moderate gains of 1.5 per cent in the second and third quarters, and 1 per cent in the final quarter of the year.
Soper anticipates 2025 will bring a level of normalcy, “After several years of unusual volatility in the real estate market key indicators point to a return to stability in 2025.”
WHAT OUR CLIENTS SAY
GRATEFUL FOR THE EXCEPTIONAL SERVICES
We are immensely grateful for the exceptional service provided by The TB Realty Group during the sale of our home. Moving to the US and using a relocation company was a daunting task, but Lindsay and Theresa made the process seamless and stress-free. Upon requesting a market analysis for our semi-detached home, Theresa and Lindsay discussed various options with us and gave their expert recommendation for listing our property in the current market. They identified the potential for a higher sale price through a complete home staging effort. Although we knew our home needed some updating, we didn’t know where to start. They recommended changes such as updating the lighting fixtures, replacing bathroom countertops, professional carpet cleaning, and new paint throughout the entire house.
We decided to move our possessions out, as we would need to do it eventually once the house was sold anyway. This helped us to get organized with decluttering and Lindsay and Theresa to fully stage the property. The contractor they referred, completed the work quickly and efficiently, providing significant improvements in a short time frame, allowing us to hit the market as soon as possible. The transformation was stunning! With a fresh new style and professional photography, our home looked fantastic both in person and online, attracting numerous prospective buyers.
Thanks to their expertise, it didn’t take long to find the perfect buyer. Throughout the entire process Lindsay and Theresa had our best interests at heart, they were easy to communicate with, and extremely knowledgeable and experienced regarding all the details that went into getting our home sold for the best price in a timeline that worked for us. We have since moved out of the country but have chosen to work with them again for the purchase of an investment property. We will continue to recommend The TB Realty Group to all our friends and family. For anyone looking to sell their home, we highly recommend their outstanding services. Thank you, Theresa and Lindsay, for making our home-selling experience so successful and effortless!
- Pavani and Vikram
VERY SMOOTH AND PERSONABLE
We had the pleasure of working with Theresa and Samantha for the sale of my mother’s home. The entire transaction from our initial meeting to the closing was very smooth and personable. They had great ideas for virtual staging and suggestions for improvements that would have the most impact. Theresa was always available to speak to and provided a wonderful advertising campaign, maximizing the number of potential buyers. We were able to sell the home quickly, above the asking price, with multiple offers. All in all, it was an easy and pleasurable process, mostly as a result of their vast experience and professionalism, we highly recommend working with Theresa and Samantha. Thanks again!
- Aida and Rula
Discover the charm and convenience of 243 Highview Drive, an incredible 4 bedroom, 3 bathroom home nestled in the heart of Kitchener-Waterloo. This family-friendly property offers an abundance of space and comfort, starting with a super-spacious main floor featuring a welcoming living and dining room perfect for entertaining. The separate eat-in kitchen provides plenty of room for casual meals and connects effortlessly to the great family room, where you’ll find a cozy fireplace and a walkout to the deck and pool – an outdoor oasis for both relaxation and fun.
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The primary suite is a true retreat, boasting a large walk-in closet and a 4-piece ensuite bathroom. Every detail of this home has been thoughtfully maintained, from its low-maintenance exterior to its beautifully kept interior. Families will appreciate the blend of style and practicality, making it easy to envision life in this inviting space.
Conveniently located with easy access to nearby amenities, schools, parks, and the highway, this home is ideal for anyone seeking a balance of peaceful suburban living and urban accessibility. Whether you’re travelling east or west, the central location is a commuter’s dream. Don’t miss the opportunity to make 243 Highview Drive your next address – it’s the perfect place to create lifelong memories!
14 little things to start doing now to change your life by 2025
A lot can change in just a year. Some of these events are out of your control but there are so many things that are within your control that you can work on and see massive improvements as a result.
Whether you’re struggling with perspective, selflove, a sense of purpose, debt, your career, love life, or all of the above, there are a number of small but impactful actions you can take to change your life for the better in just a year. Here are 14 of those little things you can do starting today.
1. Make taking care of yourself a habit. Above all else, take care of both your mental and physical health. Make that doctor’s appointment you’ve been putting off. Go to the dentist (this is me yelling at me). See a therapist and unpack all of the things that are holding you back from living the life you want. Eat more fruits and veggies. Exercise regularly in a way that you both enjoy and can commit to.
When you make taking care of yourself a habit, you invest in yourself. You prioritize your well-being. The
best way to change your life is by caring about it and for it.
2. Seek out positive content as opposed to negative. While it’s absolutely imperative to be informed about what’s going on in the world, constantly doomscrolling and clicking on every scary headline you see on Twitter won’t stop the pain or help anyone or anything about the situations you’re obsessing over. It will just make you jaded and exhausted.
Instead, seek out positive content online that shifts your perspective and grounds you in the present moment as much as possible. Unfollow influencers that make you feel like shit about your life. Subscribe to email newsletters that lift your spirits. And, when all else fails, make your social media presence a breath of fresh air.
Let go of the relationships that only leave you feeling drained
3. Get involved in one cause you care deeply about. While it’s important to stay as positive as possible, completely ignoring the bad shit that goes on isn’t exactly productive either. Instead, pick one cause you care deeply about changing and get involved. Find organizations that support it. Donate. Volunteer. Research. Educate yourself. This will help the greater good which will also give you a greater sense of purpose and meaning. A win-win.
4. Let go of the relationships that only leave you feeling drained. Relationships are meant to rejuvenate you, bring you joy, offer support, and create deep feelings of connection. If a relationship does not do that for you, what is the point? Let go.
5. Get real about your financial situation. Take a hard, honest look at your financial health. Are you in debt? Do you have an emergency fund if something goes wrong? Are you investing? Are you living within your means? Figure out where you stand and then make a series of goals based on that standing.
For example, if you have credit card debt, make an action plan to combat the debt such as paying an extra $100 towards the balance each month. Finances are stressful but finding ways to mitigate that stress by taking charge where you can will make a world of difference in your quality of life. Not to mention, improving your finances also gives you more options for living a life that feels like your own.
6. Seek out more discomfort. Despite popular belief, discomfort is actually a good thing. This is not to say you should seek out pain and suffering, those things are different, but finding ways to push your limits and improve your tolerance for feeling uncomfortable will increase your discipline and resilience.
For example, find a challenging workout routine that you can barely finish the first time you do it. Commit to doing it once a week and feel yourself gradually get stronger and better with each workout.
7. Spend time alone with intention. Spending time alone just to say you spent time alone isn’t necessarily the most effective. Instead, spend time alone by being intentional with how you use those solo hours. Maybe commit to learning a new skill, journal about your feelings, listen to podcasts about topics that interest you, etc. Essentially, learn to enjoy your own company and bond with yourself.
8. Read. Whatever you like. Just. Fucking. Read.
9. Practice mindfulness.
Mindfulness is the practice of grounding yourself in the present moment, taking things as they come without judgment including events, emotions, and thoughts. Incorporating mindfulness into your daily life will help everything fall into place more smoothly.
10. Commit to quitting just one bad habit. Be honest with yourself: what habit is holding you back the most from living the life you want? Or at the very least making it harder to achieve? Is it plopping down on the couch at the end of your 9-5, pouring a glass of wine, and watching three hours of New Girl before calling it a day? Is it overspending? Smoking? Gossiping? Whatever the bad habit is, choose one and work to eradicate it. By only focusing on one, you’ll be more likely to kick it to the curb rather than overwhelming yourself with too many goals and abandoning the mission altogether.
11. Decide if you want a career (or just a job to pay the bills).
Both are worthy endeavors, so long as you do what you actually want to do. Be honest with yourself about what you want out of your work-life. Do you want a
vibrant but demanding and bustling career? Or would you prefer a job that you can leave at the office as soon as it hits 5 PM? Whatever your answer may be, make it happen this year.
12. Set strict boundaries with technology. This year is the start of your Do Not Disturb Era. Turn off your social media notifications. Vow to ignore the Slack messages that come in after hours. Sleep with your phone outside your bedroom. Your mental health will thank you.
13. Write a list of your values and then explain how you’re living according to them (or not). Have you ever stopped to consider what your values are? If not, today is the day. Write a list of everything you value and how you live (or don’t live) according to those principles. For example, if you value family, how much time do you spend with your own? Do you value authenticity but find yourself constantly bending to fulfill everyone else’s wishes? Figure out where you’re succeeding and falling short when it comes to your values and adjust accordingly.
14. Live as though you’re already the person you want to be.
If you want to be the person who wakes up at 6 AM, start setting your alarm for 6 AM. If you want to be the person who is emotionally healthy, do the things you would need to do in order to achieve that. Action comes before motivation. Live as though you’re already the person you want to be and watch yourself become them.
1 Make taking care of yourself a habit
Welcome to 1601 Wintergrove Gardens, an exceptional detached family home located in the desirable East Credit neighbourhood of Mississauga. Lovingly cared for by its original owners and never leased, this 4 bedroom, 4 bathroom home has been meticulously maintained and thoughtfully updated, offering an inviting space that perfectly balances comfort, style, and functionality.
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Nestled on an oversized lot adorned with mature trees, this property boasts stunning curb appeal with vibrant gardens, landscaping, and an irrigation system for effortless upkeep. Inside, the home is equally impressive, featuring a cozy wood-burning fireplace in the family room and a gas fireplace in the finished basement, creating warm and inviting spaces for gathering. Extensive upgrades include a modernized kitchen and bathrooms, gleaming oak hardwood floors, and refinished stairs and railings. Recent improvements such as energyefficient windows, roof and updated front and garage doors reflect the owners’ dedication to quality.
This is more than just a house—it’s a cherished family home ready to welcome its next owners to enjoy years of comfort and convenience in one of Mississauga’s sought-after districts! Don’t miss out on the opportunity to be at the heart of downtown Hamilton’s growth and vibrancy.
Good earth - A homesteading head start
When Amy Adams first became a registered dietician, she never imagined that she’d one day grow her own food. But as she began researching more, she found herself down a rabbit hole of dangers in today’s food supply. “When I began practicing as an RD, I realized the two biggest problems people suffered from was lack of access to quality food. And, sound information on which foods actually promote health,” says Adams. “Both of these problems prompted me to grow my own food and teach others about growing food.”
Learning more about potential dangers and pesticide use is partially why many people have turned to a version of homesteading (living off one’s land). About 10 million people or 8 percent of US households raised their own chickens in 2018 according to the American Pet Producers Association. “Having fresh, unprocessed food also takes the guesswork out of what is ‘good’ and what is not,” says Adams.
For Wendy Walker and her husband, Bill, raising cows
and growing their own food was all about getting back to her roots. “Prior to this we lived in traditional suburban neighbourhoods,” says Walker, who blogs about her experiences at Little House Simple Living. “But my country roots were longing for more than just living in a cookie-cutter home with zero lot lines and a ton of community rules.” The couple purchased eleven acres of land in Florida where they built a new “old” farmhouse, started gardening, grinding flour, and raising chickens and Aberdeen Lowline Mini-Angus cows.
Written by Blake Miller. Photography by Ryan J Lane / Getty Images
Elizabeth Preble, who blogs at The Lavender Homefront, has a similar story in that her goal in raising her own sheep on her land in Montana is all about sustainability. “My family and I decided to go sustainable for a few reasons; the first being that sustainable living may cost more upfront, but in the long run, it is usually cheaper,” she explains. “Second, sustainable options are usually healthier and cleaner options. Products that are sustainably sourced last longer and are usually made from natural materials. They are also usually easy to compost, reuse, or fix. In terms of livestock, we wanted to raise animals we knew were healthy and taken care of, so that the meat not only tasted better but was healthier for my family too. Last, sustainable options are usually better for the environment.”
Today, homesteading has become increasingly popular among uncertain supply-chain issues. And while living sustainably off one’s land is attractive to some, for many it’s simply not possible, which is why patronizing local farmers and growers is a good alternative for fresh, locally sourced, healthier foods.
Overall, the movement toward homesteading and a more self-sustained food supply is growing with more and more Americans and Canadians revisiting the practice. Adds Adams: “I truly believe that many of our problems could be solved with people simply going back to the basics and learning how to grow and prepare foods.”
Celebrating Christmas and holidays in multicultural Canada
Celebrating the holidays in Canada is as vibrant and diverse as the country itself, offering a beautiful tapestry of traditions, flavours, and festivities influenced by the myriad of nationalities that call Canada home. In December, homes, streets, and communities come alive with the joy of the season, each reflecting a unique blend of heritage and culture while maintaining the universal themes of togetherness and community spirit.
A Culinary Celebration
Canadian holiday feasts are a delicious blend of traditions from around the globe. The classic roast turkey and stuffing, a nod to British heritage, often shares the table with French-Canadian tourtière—a savoury meat pie—Italian pasta dishes, or Ukrainian pierogi. Desserts further highlight Canada’s diversity: think Bûche de Noël (a festive Yule log cake), German stollen, British Christmas pudding, and Italian biscotti.
Mandarin oranges, a symbol of good fortune in Chinese culture, are often tucked into stockings or added to dessert spreads, showcasing how even small traditions enrich the holiday experience.
Decking the Halls
Decorations in Canadian homes during the holiday season reflect a blend of traditional and multicultural influences. While evergreen Christmas trees adorned
with ornaments are common, many families incorporate cultural elements unique to their heritage. You might find Ukrainian pysanky-inspired ornaments, Chinese paper lanterns, or German gingerbread houses as part of the festive decor. This rich variety of styles turns Canadian homes into a kaleidoscope of holiday cheer.
Multicultural Festivities
Canadian cities and towns host holiday markets that embrace the country’s multicultural fabric. These markets often feature stalls offering international cuisine from samosas to schnitzels—alongside unique holiday crafts and gifts from various cultures. Performances range from traditional Christmas carols to songs and dances celebrating other winter holidays, providing entertainment for all. Events like cultural food festivals and ethnic holiday concerts offer Canadians an opportunity to experience and celebrate diverse traditions.
A Holiday Soundtrack
Holiday music in Canada mirrors the country’s diversity. Traditional carols such as “Silent Night” or “O Holy Night” are often accompanied by songs in French, Italian, Ukrainian, or other languages, creating a festive and inclusive atmosphere. Multicultural choirs and school performances bring together voices from different backgrounds, blending traditions to create a harmonious holiday experience.
Celebrating Hanukkah
Hanukkah, the Jewish Festival of Lights, adds to Canada’s festive spirit. During this eight-day celebration, families light the menorah, exchange gifts, and enjoy traditional foods like latkes (potato pancakes) and sufganiyot (jelly-filled doughnuts). Communities come together for events that include singing, storytelling, and games like dreidel, highlighting themes of resilience and joy.
Diwali: The Festival of Lights
Diwali, celebrated by many South Asian communities, often falls near the holiday season. This festival signifies the triumph of light over darkness and good over evil. Homes are adorned with oil lamps (diyas), colourful rangoli patterns, and strings of lights. Families gather for feasts featuring dishes like samosas, biryani, and sweets like gulab jamun. Fireworks and community celebrations add to the vibrancy of the season.
Community and Togetherness
In Canada, the holiday season is about more than just traditions—it’s about community. Many cultural groups host events that celebrate their unique customs, from French Canadian “Réveillon” feasts to Chinese Lunar New Year-inspired festivities near Christmas. These gatherings emphasize the importance of inclusion, creating a sense of unity and belonging that defines the Canadian holiday season.
Cultural Highlights
Here are just a few examples of how different cultures contribute to Canada’s rich holiday celebrations:
French Canadian: “Réveillon,” a large Christmas Eve feast, followed by attending midnight Mass. Desserts often include Bûche de Noël.
British: Carol singing, Christmas pudding, and mincemeat pies are staples of a traditional British Christmas.
Italian: Italian families often bake a variety of Christmas cookies, such as biscotti, and prepare elaborate multicourse meals.
Ukrainian: Christmas Eve may feature a twelve-dish meal, including varenyky (dumplings) and kutia (a sweet grain pudding).
Chinese: While Christmas isn’t a traditional Chinese holiday, the gifting of Mandarin oranges and celebrations of Lunar New Year near the season bring an additional layer of festivity.
Jewish: Hanukkah celebrations with menorah lighting, latkes, sufganiyot, and games like dreidel.
South Asian: Diwali festivities featuring diyas, rangoli, feasts, and fireworks, celebrating light and community.
Embracing a Tapestry of Traditions
Canada’s multicultural holiday celebrations reflect the beauty of a country that welcomes and cherishes diverse heritages. Whether it’s through food, music, decorations, or community events, each tradition adds to the richness of the season. The result is a uniquely Canadian holiday experience that embraces the spirit of inclusivity and unity—values that shine brightly during the festive season.
MISSISSAUGA
Experience breathtaking views of Lake Ontario and the Mississauga and Toronto skylines from this stunning 2 bedroom corner penthouse at Westport Condos by Edenshaw Developments. Spanning 1,135 square feet, this elegant suite features 10-foot ceilings, floor-to-ceiling windows, two private balconies, and a beautifully upgraded kitchen. With exceptional amenities and a prime location steps from the Port Credit GO station, this property offers the perfect blend of waterfront serenity and urban convenience. Don’t miss your chance to own this extraordinary home. Contact us today!
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Kissing Santa Claus Mocktail
INGREDIENTS
1 cup cranberry juice
1/2 cup pineapple juice
1/2 cup lemon-lime soda e.g., Sprite
1/4 cup grenadine syrup
Ice cubes
Whipped cream for topping
Maraschino cherries and mint leaves for garnish
DIRECTIONS
STEP 1: Chill the Ingredients - Before you begin, ensure that all your ingredients are well-chilled. Cold juices and soda make for a more refreshing mocktail and keep the ice from diluting the drink too quickly.
STEP 2: Prepare the Glass - Fill your serving glass (a clear one works best to show off the beautiful colour) with ice cubes. For a festive touch, you can rim the glass with sugar. Simply dip the rim into water or grenadine and then into granulated sugar for a sparkly effect.
STEP 3: Mix the Mocktail - In a mixing jug or directly in the glass, combine the cranberry juice, pineapple juice, and lemon-lime soda. Stir gently to mix the flavours without losing the soda’s fizz. Pour in the grenadine syrup, which will sink to the bottom, creating a gorgeous layered effect.
STEP 4: Add the Whipped Cream - Top the drink with a generous swirl of whipped cream. This step not only makes the drink look festive but also adds a creamy texture that pairs surprisingly well with the fruity flavours.
STEP 5: Garnish and Serve - Place a maraschino cherry on top of the whipped cream and add a fresh mint leaf for a pop of green. Serve immediately with a festive straw, and watch the smiles light up around the table.
This bright and sun-filled 1+1 bedroom suite in the Palais at Port Royal Place offers spectacular south-facing views of the Toronto skyline and Lake Ontario. Perfectly situated in the southern building of the Michael Power Place complex, the suite boasts modern finishes, including granite countertops and stainless steel appliances, in a compact yet thoughtfully designed layout.
Located just a short stroll from the Islington Subway, Kipling GO Station, and the vibrant shops and restaurants of Islington Village, the location is unbeatable for both convenience and lifestyle. The building’s top-tier amenities include an inviting indoor pool, a well-equipped fitness and aerobics centre, a chic party lounge with a gourmet kitchen and fireplace, and even a private theatre. A 24-hour concierge and ample visitor parking add to the ease of living here.
Whether you’re starting out, downsizing, or looking for a city retreat, this suite delivers style, comfort, and an ideal location to call home.
GTA Realtors® Release November Stats
TORONTO, ONTARIO, December 4, 2024 – Greater Toronto Area (GTA) home sales increased strongly on a year-over-year basis in November 2024. Many buyers benefitted from more affordable market conditions brought about by lower borrowing costs. New listings were also up compared to November 2023, but by a much lesser annual rate. This meant that market conditions tightened, resulting in overall average price growth compared to last year.
“As we approach the end of 2024, I am pleased to report an improvement in housing market conditions. Many home buyers patiently waited on the sidelines for reduced inflation and lower borrowing costs. With selling prices remaining well off their historic peak and monthly mortgage payments trending lower, the stage is set for an accelerating market recovery in 2025,” said Toronto Regional Real Estate Board (TRREB) President Jennifer Pearce.
GTA REALTORS® reported 5,875 home sales through TRREB’s MLS® System in November 2024 – up by 40.1 per cent compared to 4,194 sales reported in November 2023. New listings entered into the MLS® System amounted to 11,592 – up by 6.6 per cent year-over-year. On a seasonally adjusted basis, November sales were up monthover-month compared to October. The MLS® Home Price Index Composite benchmark was down by 1.2 per cent year-over year in November 2024 – a much lesser annual rate of decline compared to previous months. The average selling price was up by 2.6 per cent compared to November 2023 to $1,106,050. Year-over-year average price growth was greater than that for the HPI Composite benchmark because of a greater weighting of detached home sales compared to last year. On a seasonally adjusted basis, the average selling price edged slightly lower compared to October.
“Market conditions have tightened, particularly for single-family homes. The detached market segment experienced average annual price growth above the rate of inflation, particularly in the City of Toronto. In contrast, the condominium apartment segment continued to experience lower average selling prices compared to a year ago. Condo buyers are benefitting from a lot of choice and therefore negotiating power. This will attract renter households into homeownership as borrowing costs trend lower in the months ahead,” said TRREB Chief Market Analyst Jason Mercer.
While the rental market will remain relatively well-supplied as more renters transition to homeownership expect rental demand to pick up as population growth remains high. The rental market could strengthen for both tenants and landlords by reducing the backlog of cases at the Landlord and Tenant Board (LTB). “Reforming the LTB to make it faster and fairer will go a long way to getting more individuals and families into homes they can afford,” said TRREB CEO John DiMichele.
Welcome to luxury redefined at 90 Stadium! This spectacular waterfront condo offers over 2000 square feet of sophisticated living space, including 3 spacious bedrooms, 4 elegant bathrooms, and panoramic views from floor-to-ceiling windows and private balconies.
Perfectly positioned near Toronto’s Exhibition Place, this condo is your gateway to the best the city has to offer—walking and cycling trails, vibrant waterfront parks, and quick access to downtown. With Billy Bishop Airport just minutes away, your next adventure is always within reach.
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Is your mortgage coming due in 2025?
Experts say it’s best to get an early jump on researching lender alternatives using rate comparison websites and even a mortgage broker who can leverage your renewal offer to land you a better deal. Leading up to a mortgage renewal, experts say, is also a good time to get your household debt in order dealing with high interest rate headaches like credit card debt.
With more than a million Canadian borrowers set to renew their mortgages next year, experts say it’s never too early to prepare for renewal shock and explore your options.
When interest rates were near rock-bottom levels in 2021, the average rate for a fixed mortgage for terms between three and five years was 2.05 per cent, according to data from NerdWallet. In 2023, the same
Written by Srivindhya Kolluru. Photography by Dreamstime
term rate more than doubled to 5.41 per cent. Even after a string of interest rate cuts by the Bank of Canada, Canadian homeowners should brace themselves for a higher renewal rate. As of December 5, rate comparison site Ratehub.ca finds five-year fixed mortgage rates — the most popular type of mortgage in Canada — range from 4.14 per cent to 6.79 per cent.
Ian Calvert, vice-president and principal at HighView Financial Group in Toronto, says it’s never too early to start exploring your options. Selecting a new term involves deciding on the interest type and how long the new interest rate will be in effect.
In general, Calvert recommends giving yourself one to three months to shop around for the best rates. A mortgage broker or using mortgage comparison sites like Ratehub.ca or Rates.ca can help in your search. Dylan Wilson, a certified financial planner with Halifax-based Verecan Capital Management recommends using an independent mortgage broker who has access to multiple lenders and can leverage your existing offer to get a lower rate.
“Certain lenders are more aggressive when it comes to having attractive rates in terms than others at certain times,” says Wilson. “It all depends on how the balance sheet for that specific lender looks at that moment in time.”
But do your due diligence before working with a mortgage broker, making sure to ask questions about their commission structure and incentives. “Certain lenders offer incentives, such as credits toward trips to sun destinations, gift cards or bonus commissions,” says Wilson, “depending on volume or what time of year the deals are placed.”
If you decide to work with a new lender, you will have to go through the application process for a new mortgage, including requalification. The lead-up to a mortgage renewal is also a good time to see where you can hack away at your household debt jungle. If you’re not sure where to start, Calvert says look to eliminate high-interest debt first, such as credit cards and private loans. “Completing a cash flow plan for the optimal mortgage payment range is also recommended,” says Calvert. “Ideally, your mortgage payments should be at a level that still allows you to save for retirement and have an emergency fund.”
“If you know your mortgage payment is going to rise by $500 a month, see if you can save that $500 a month today and smooth out the impact over time,” says Wilson, adding that making adjustments to your discretionary spending can be challenging.
“Putting in the work when the stakes aren’t as high can be beneficial in the long run.”
Gorgeous Vasari second floor with golf view unit across from community pool. You will be ready to enjoy the championship 18-hole golf course, a 300-yard Aqua Golf driving range and even has a pro shop. The condo is completely furnished including an updated kitchen with Kraftmaid cabinets and spacious 2 bedroom plus den that has a functional dresser type Murphy bed. Vasari has fabulous amenities, restaurant dining, a fitness centre, tennis, resort style pool, bocce ball, great community for walking.
Five myths of buying US residential property as a Canadian debunked
The idea of owning U.S. real estate is enticing to many Canadians. Whether it’s a vacation home in Florida, an investment property in Arizona, or a retirement spot in California, the U.S. real estate market offers numerous opportunities. However, the process of purchasing property across the border is often surrounded by myths and misconceptions that can deter potential buyers.
Myth 1:
You Need a U.S. Credit History to Buy Property
Reality: One of the most common misconceptions is that you need a U.S. credit history to secure financing for a property purchase in the United States. While it’s true that many U.S. lenders require a credit history in their country, this is not always the case. RBC’s
cross-border mortgage services allow Canadians to qualify for a U.S. mortgage using their Canadian credit history. RBC U.S., a subsidiary of RBC Royal Bank of Canada, understands the unique needs of cross-border buyers and offers financing solutions that eliminate the need for a U.S. credit score. This service allows Canadian investors to take advantage
Written by Joanna Gerber. Photography by Dreamstime
of competitive mortgage rates and terms, making it easier to enter the U.S. real estate market without the hassle of building a U.S. credit history.
Myth 2:
Getting a U.S. Mortgage Is Difficult
Reality: Beyond worrying about needing a U.S. credit history, many Canadians also worry that getting a mortgage will be complicated, and that they will need to travel to the U.S. just to apply. However, the mortgage process doesn’t need to be complex. RBC U.S. cross-border mortgage services provide Canadian investors with the support needed to easily navigate the mortgage and buying process. RBC even allows mail-away mortgage application options, so you don’t need to go to the U.S. to complete your mortgage.
Myth 3:
The Buying Process is Similar to Canada
Reality: While there are some similarities, the process of buying real estate in the U.S. differs significantly from Canada in several ways. Even the time to process mortgages is different. The mortgage processing time in Canada is typically five to ten days, while in the U.S. it takes 40 to 45 days. One of the biggest differences is the role of escrow in U.S. transactions. In Canada, the process typically involves lawyers handling the transfer of funds and property. In the U.S., an escrow agent – a neutral third party –holds the funds during the transaction and ensures that all conditions of the sale are met before releasing the money to the seller.
In Canada, a 20% down payment is required for conventional mortgages without insurance, while a minimum of 5% is needed with mortgage insurance. In the U.S., a 20% down payment is typical for primary residences, and 25% is common for investment properties. Canadian closing costs are around 2.5% of the purchase price, often covering land transfer tax and legal fees. U.S. closing costs vary, and banks may charge additional fees, sometimes totalling 1% of the purchase price. Notably, RBC U.S., however, does not charge these fees on U.S. mortgages42, offering potential savings. Understanding these differences is crucial for a smooth buying experience. RBC’s U.S. HomePlus™ Advantage program guides buyers through the U.S. home-buying process, connecting you with knowledgeable industry experts. They also offer a free U.S. home-buying e-guide that covers these unique aspects.
Myth 4: Foreign Buyers Face Higher Property Taxes
Reality: Property taxes in the U.S. are based on the property’s assessed value, and vary by state, county, and even municipality. Contrary to popular belief, foreign buyers, including Canadians, do not automatically face higher property taxes than U.S. citizens. The property tax rate is the same for all property owners, regardless of nationality. Another positive note is that the Canada-U.S. Tax Treaty lets you claim a foreign tax credit on your Canadian tax return for taxes paid to the U.S.
You do need to be aware of all tax implications as the overall tax burden can vary depending on specific factors such as location, property use, and local tax assessments.26 Property tax rates can differ widely depending on where you buy. For example, property taxes in Texas are known to be higher compared to those in Florida. Additionally, some states offer tax exemptions or reductions for primary residences, which may not apply to foreign buyers or those purchasing vacation homes. Be sure to thoroughly research the area in which you are considering buying. However, apart from property taxes, Canadian buyers should be aware of potential lender fees that impact foreign buyers. Some U.S. lenders charge a “foreign national premium,” which typically ranges from 1.5% to 2% of the loan amount. This fee is specifically charged to foreign buyers who secure a U.S. mortgage. The good news is that not all lenders impose this fee. For instance, RBC U.S. not only avoids the foreign national premium, but they also do not charge standard lender fees such as underwriting, processing, or origination fees.42 This can lead to significant savings for Canadian buyers and further simplifies the process of acquiring U.S. real estate. Consulting with a cross-border tax expert is recommended, for advice tailored to your specific circumstances.
Myth 5: Renting Out Your U.S. Property is Complicated and Risky
Reality: While renting out a U.S. property does involve certain responsibilities, many Canadian investors successfully rent out their U.S. properties, enjoying a steady income stream, especially in popular tourist destinations. The key to successful property management lies in understanding the local rental market and regulations.
For example, short-term vacation rentals may be subject to specific zoning laws or restrictions, particularly in cities like Miami or Los Angeles. Working with a local property management company reduces the burden greatly, ensures all aspects are compliant with legislation, and provides peace of mind. Property managers can handle everything from tenant screening to maintenance and rent collection, reducing risks and simplifying the rental process.
Getting Support
The U.S. real estate market offers exciting opportunities for Canadian investors, but it’s important to separate myths from realities to make informed decisions. With the right knowledge, resources, and support, such as RBC’s cross-border mortgage services, Canadians can successfully buy U.S. property.
RBC U.S. offers flexible mortgage options and secure financing with favourable terms, with the ability to finance properties across all 50 states.25 When you choose to get your U.S. mortgage with RBC’s cross-border mortgages, you can avoid the foreign national premium that other U.S. lenders may charge. You are also able to use your Canadian credit history to qualify for a mortgage with RBC, too, so getting a U.S. mortgage is easier. Finally, RBC’s pre-approval process allows you to move quickly when the right property becomes available.
Furthermore, RBC’s HomePlus™ Advantage program assists Canadian buyers with a comprehensive suite of tools and resources, including access to U.S. real estate agents who specialize in helping Canadians find properties that meet their investment goals, as well as tax and legal advisors. You can even get a free U.S. home-buying e-guide.
Bring your business vision to life with three exceptional leasing options in the heart of Hamilton’s vibrant downtown core. Leading the pack is a 2,700 sq ft corner unit that combines unparalleled visibility with endless potential. Its spacious layout and prime exposure make it the perfect spot for a trendy eatery, cozy bar, or charming bakery. Situated near McMaster University, bustling office buildings, and the lively William Thomas Student Residence, this high-traffic location guarantees steady footfall and maximum visibility.
For added versatility, we offer two adjacent units - 1,500 sq ft and 900 sq ft - available individually or combined into a custom 2,400 sq ft space. Whether you’re envisioning a boutique café, specialty shop, or vibrant ice cream parlour, these spaces provide the flexibility you need. With D2 zoning and a location surrounded by popular shops and cafés, your business will thrive in this dynamic setting.
Whether you’re looking for a prominent corner unit or a tailored space to suit your needs, these opportunities provide the perfect foundation to launch or expand your business in downtown Hamilton.
One pan prime rib and roasted vegtables
Preparation time: 4.5 to 5 hours plus 24 hours salting | Serves 8 - 10
INGREDIENTS
1 (7 pound) first-cut beef standing rib roast (3 bones), fat trimmed to 1/4 inch
Kosher salt and pepper
Vegetable oil
2 pounds carrots, peeled, cut into 2 inch lengths, halved or quartered lengths to create 1/2 inch diameter pieces
1 pound parsnips, peeled and sliced 1/2 inch thick on bias
1 pound brussels sprouts, trimmed and halved
1 red onion, halved and sliced through root end into 1/2 inch wedges
2 teaspoons minced fresh thyme
DIRECTIONS
STEP 1: Using a sharp knife, cut through the roast’s fat cap in 1 inch crosshatch pattern, being careful not to cut into meat. Rub 2 teaspoons salt over entire roast and into crosshatch. Transfer to large plate and refrigerate, uncovered, for at least 24 to 96 hours.
STEP 2: Adjust oven rack to lower-middle position and heat oven to 250 degrees F. Season roast with pepper and arrange, fat side up, on V-rack set in large roasting pan. Roast until meat registers 115 degrees for rare, 120 degrees for medium-rare, or 125 degrees for medium, 3 to 3 1/2 hours. Transfer v-rack with roast to carving board, tent loosely with aluminum foil, and let rest for about 1 hour.
STEP 3: Meanwhile, increase oven temperature to 425 degrees. Pour off all but 2 tablespoons fat from pan, (if there isn’t enough fat in pan, add vegetable oil to equal 2 tablespoons.) Toss carrots, parsnips, Brussles sprouts, onion, thyme, 1 teaspoon salt and1/2 teaspoon pepper with fat in pan. Roast vegetables, stirring halfway through roasting, until tender and brown, 45 to 50 minutes.
STEP 4: Remove pan from oven and heat broiler. Carefully nestle V-rack with roast among vegetables in pan. Broil roast until fat cap is evenly browned, rotating pan as necessary, about 5 minutes. Transfer roast to carving board, carve meat from bones, and cut into 3/4 inch thick slices. Season vegetables with salt and pepper to taste, Serve roast with vegetables.
FOR SALE 28643 VIA D AREZZO DRIVE BONITA SPRINGS, FLORIDA
Welcome to this exquisitely remodeled home in Vasari Country Club and Golf Course Community, situated on the border of Naples and Bonita Springs. Enjoy the exclusive advantage of a golf course community available only to residents—no membership waitlist required! This property offers a standout open pool area with its own putting green, an outdoor kitchen, a TV sitting area, and spectacular sunset views over the golf course and lake. Featuring over $600k in upgrades, this former model home is the crown jewel of the neighbourhood. It boasts 3 bedroom plus large den, 3 bathrooms, and a 2 car garage. Vasari Country Club is a private, gated golf community located in Bonita Springs, Florida. Known for its beautifully landscaped grounds and luxurious amenities, Vasari offers an upscale lifestyle centered around an 18hole championship golf course designed by Gordon Lewis. The club also features tennis courts, a fitness center, and various dining options, as well as social events and activities for members. The community includes a range of residences, from coach homes and condos to villas and single-family homes, many of which offer stunning views of the golf course, lakes, and preserves.
Theresa recommends Scandinave Spa
Blue Mountain
Blue Mountain, Ontario
An unforgettable afternoon with friends at Scandinave Spa Blue Mountain. Nestled within a tranquil forest setting, Scandinave Spa Blue Mountain offers a serene escape where friends can unwind and rejuvenate together. Our afternoon began with the renowned Thermal Journey, immersing ourselves in the soothing warmth of the hot baths, followed by invigorating cold plunges that heightened our senses. The highlight was embracing the exhilarating experience of stepping into the snow-covered surroundings before retreating back into the comforting embrace of the hot tubs—a true testament to the spa’s unique offerings. To further enhance our relaxation, we indulged in massage therapy sessions provided by very skilled practitioners. The treatments, ranging from gentle Swedish massages for my friends to firmer therapeutic option for me, all effectively alleviated tension and promoted our overall well-being. Throughout the day, we relished the peaceful ambiance of the spa’s relaxation areas, surrounded by nature’s beauty. The combination of thermal therapy, invigorating plunges, and exceptional massage treatments made our afternoon at Scandinave Spa Blue Mountain an unforgettable experience, leaving us refreshed and deeply connected. OUR AGENTS FAVOURITES
Keeping charm alive
Renovating a late-1920s home is not for the faint of heart. In many cases, new homeowners in Vancouver, British Columbia’s sought-after Kitsilano neighbouurhood opt for a complete rebuild rather than deal with the potential headaches that come with preserving nearly century-old constructions. That’s why, says Negar Reihani, founder and principal designer of Space Harmony, many homes in the area are veering away from classic charm in favor of more contemporary fashion, wrapped in bare shades of gray and stone tiles.
But Reihani craved something with more personality. Luckily, the homeowners, a couple with two teenage daughters, agreed. “I suggested that we modernize the house in a way that’s suitable for the lifestyle of today’s couples, but we keep nods to the history of the building and we restore any of the elements of the house that we could,” she says.
Reihani brought in a specialist to restore the original inlaid floors, leaned into the ceiling curves, and added decorative moldings to bring out the home’s character. Meanwhile, she brightened up the space with a fresh marshmallow shade on the walls and a slightly darker shade on the trim and doorways. “By keeping the contrast low between the finishes, you basically make the house look brighter and bigger because your eye is not interrupted between different colours,” Reihani explains.
Slight tweaks to the floor plan also helped to open the space, both visually and physically. Reihani
widened the doorway between the family room and living room as much as the structure would allow and removed the doors between the kitchen and dining room, extending the space’s casual hosting footprint. Then, she layered eclectic modern furnishings to play off the family’s inherited silver.
“They didn’t want to create something that is overly classic, but at the same time, we wanted to honour all the beauties from the past, all the intricate works that have been passed through generations,” says Reihani.
The kitchen experienced a complete reno to equip it for a modern family. Though details, like brushed gold accents and distressed Moroccan-inspired floor tiles, balance light-oak and lacquered cabinets for a lived-in feel. Reihani mirrored many of these details in the basement kitchenette, swapping the wood-tone for a cheerful pistachio hue (a youthful nod to teenage daughters who share the lower floor).
Written by Alissa Schulman. Photography by Janis Nicolay
Ultimately, modernization of past styles and thematic repetition give the home a sense of longevity. “If you go through renovation, you want to do it in a way that it stays relevant for at least twenty years,” says Reihani. “We try to stay away from trends. We want to stay focused on style and what is nice and beautiful.”
Upcoming Events - December
Photos with Santa Oakville Place
November to December 24th
Holiday Lights by the Lake November to Feb 1st
Suki Waterhouse - Toronto
West End Jazz - Season Finale
Gala Night - Oakville
Elvis - Wonderful World of Christmas - Meadowvale Theatre
Hanukkah - Dec 2nd to Jan 2nd
The Nutcracker
St. Lawrence Centre for the Arts
B-Jazzed performance of A Charlie Brown Christmas Meadowvale Theatre
Clairo - Massey Hall
- Massey Hall
O Christmas Tea: A British Comedy - Oakville Centre for the Performing Arts
Ladies ConcertSankofa
CHRISTMAS CHRISTMAS EVE
Carols in the Square Townsquare Oakville
Gatsby New Year’s Eve at Ce Soir - Oakville
New Year’s Eve Gala at Oakville Conference Centre
Barenaked
Clairo
Clairo - Massey
Ladies Free Holiday Sankofa Square
‘Twas the Night Before Cirque du Soleil - Toronto Dec 12th - Jan 3rd
Toronto Maple Leafs vs Anaheim Ducks - Toronto
The Nutcracker - National Ballet of Canada - Four Seasons Centre - Dec 6th to Dec 31st
StretchLab Rosedale Sip N’ Stretch Open House - Toronto
Oakville Firefighters’ drive-thru Toy Drive
StretchLab Rosedale Sip N’ Stretch Open House - Toronto
Russell Peters Scotiabank Arena
Hall
Freezing - A Holiday Pantomime - Oakville
Freezing - A Holiday Pantomime - Oakville
The Nutcracker St. Lawrence Centre for the Arts Winter Solstice
Freezing - A Holiday Pantomime - Oakville
Victorian Christmas at Bronte Creek Provincial Park Dec 27th - Jan 5th Kwanzaa
Freezing - A Holiday Pantomime - Oakville
OUR AGENTS FAVOURITES
Lindsay recommends
The
Winter Village at the Distillery District
Toronto, Ontario
The Winter Village in the Distillery District is an absolutely beautiful way to get into the holiday spirit and an essential destination during the holiday season. Walking through the cobblestone streets, I was greeted by a dazzling array of twinkling lights, festive storefronts, and the inviting aroma of seasonal delights. The towering Christmas tree, standing proudly at the heart of the village, is a breathtaking centerpiece—the perfect backdrop for a cherished family photo or selfie. The atmosphere was alive with holiday cheer, from live carolers and musicians to bustling market stalls featuring unique, handcrafted gifts by local artisans. Whether it was indulging in a warm cup of spiced mulled wine, savoring fresh pastries, or finding the perfect holiday keepsake, every corner offered a new delight. The cozy nooks with fire pits and warm drinks made it easy to linger and soak in the festive vibes. If you’re looking for a memorable way to celebrate the season, the Winter Village is an experience that captures the magic of the holidays perfectly.
Events - January
Polar Bear Dip for Oakville
Sweat - Burloak Theatre Group 54-40 - The Oakville for the Performing Lunar New Year
Speaking in Song with Adina V Oakville Centre for the Performing Arts
Oakville Museum - Winter Craft and Tour Motorcycle Supershow -The International Centre - Toronto Motorcycle Supershow -The International Centre - Toronto Design TO Festival - Toronto Bracebridge Fire and Ice Bracebridge
and Asad Mecci
Shimabukuro The Oakville Centre for the Performing Arts
& Backyard Show - The International Centre - Toronto
Sweat - Burloak Theatre Group Sweat - Burloak Theatre Group
FOR LEASE 208 - 80 PORT STREET EAST MISSISSAUGA
Looking for the perfect lease in Port Credit? This fully furnished 2 bedroom + den condo offers over 1,500 square feet of stylish, open concept living space, complete with a large terrace ideal for outdoor entertaining. Located at 80 Port Street a boutique building, this unit is steps away from the Port Credit GO Station, shops, restaurants, and the vibrant waterfront. Whether you’re relocating or need a comfortable space during a home renovation, this condo offers the perfect blend of convenience and luxury.
Theresa Sells Pacaso
What is fractional ownership in real estate
Understanding fractional ownership
Fractional ownership in real estate is when individuals own a percentage of a property and share usage rights. Fractional ownership splits the cost of an expensive purchase among several people.
Fractional ownership is commonly used for buying vacation homes or luxury items like boats or planes, but is also used for other types of assets such as art, stock and fashion items. Owners are issued a deed representing their fraction of the property.
Fractional owners also take on the benefits and losses that come with ownership: If a vacation home grows in value over 10 years, individual shares appreciate, too. Co-owners share usage rights, income and access to their shared property proportionate to the percentage of the asset they own. Unlike a timeshare, fractional ownership means you own part of the second home itself, not just the time you can use it.
There are a few common fractional ownership structures that we’ll dive into later. One is called tenancy in common and another is via an entity, like an LLC.
Example: Sophie lives in Detroit, Michigan, and wants to buy a second home so she can winter on the West
Coast. Her budget is $110,000, so she’s able to become a 1/4 fractional owner of a beach house valued at $440,000. The home has two other owners: James, who owns 1/4 and the Jones family who own 1/2 of the property shares. A local management company facilitates their renovations and property maintenance.
Takeaways
Fractional ownership is:
• A more accessible way to buy and own than purchasing alone
• When the cost of an asset is divided into percentage shares
• Property that’s owned and shared by multiple unrelated parties
What are the pros and cons of fractional ownership?
The pros include each owner has express ownership of part of the property. Your capital goes further as a part of a collective buying power. You have
Written by Kayla Moss. Images from Pacaso
greater control over when and how you stay than a timeshare and there are typically fewer owners to share with than a timeshare. You can sell your shares in the property whenever you want and your shares can appreciate over time. The cons are that you aren’t the sole owner of the property. You pay management fees, if you choose an external manager. Your shares can depreciate over time and it can be difficult to sell shares versus a whole property.
What is tenancy in common?
With tenancy in common (TIC), each tenant holds an individual deed for a fraction or percentage of a commercial or residential property. There is one key difference between tenancy in common and fractional ownership: No one person or company is in charge. To be a TIC, individuals must own different percentages of the property while sharing the whole and managing it themselves.
What is fractional ownership through an entity?
Some properties split ownership via a structural
entity like an LLC (limited liability company) or LLP (limited liability partnership). Since a separate legal entity defines the ownership, it’s no longer a tenancy in common. It’s not necessary to have an LLC to make a fractional owner ship purchase.
Can fractional ownership apply to any purchase?
Many major purchases can be purchased via fractional ownership: luxury cars, yachts and boats, aircraft, recreational vehicles and, of course, real estate.
Theresa sells fractional properties
Don’t let your dream of owning a vacation home remain just that. Take the first step towards a life of luxury and contact Theresa at 647-2980997. With her guidance and Pacaso’s innovative co-ownership model, you can start living your best life now. For more information or to see some of the properities available for sale, visit www.theTBrealtygroup.com/fractional_ownership
FOR SALE | 1/8th ownership THE
OASIS, PALM SPRINGS CALIFORNIA
Picture yourself doing laps in the new waterfall pool, serving for the set on your own court, or sinking a putt on the private four-hole green – this private, walled one-acre Old Las Palmas estate has it all.
Enter this just-renovated 5 bedroom, 7 bath stucco home through a picturesque garden, the calming sounds of a limestone fountain burbling nearby. Open the steel and glass doors and you’ll discover an open floor plan living space that has it all. The living room features a soaring, beamed wood ceiling and sleek gas fireplace, with an adjoining game space and a stylish bar. Hand-troweled matte concrete floors run throughout, as do wood and welded steel accents. The gourmet kitchen has top-of-the-line appliances and a massive island for food prep and casual dining. The kitchen is separated from the formal dining space by a floating glass wine wall.
Take in views of the stunning San Jacinto Mountains from this completely walled corner property. In addition to the tennis court, putting green, and pool, you can enjoy a grand veranda with a spa, two fire pits, a covered pergola, and a fully equipped outdoor kitchen with bar seating. Everything you could want awaits you at this stunning home - take your first step towards make your dreams a reality by calling us today.
FOR SALE | 1/8th ownership
SKI HILL, BRECKENRIDGE COLORADO
This stunning new construction home is the pinnacle of mountain living and effortless relaxation.
Sleek, elegant and spacious, newly built Ski Hill offers breathtaking mountain views and easy access to skiing and downtown Breckenridge. With 4,100 square feet, 4 bedrooms and 6½ bathrooms, this luxurious mountain escape is perfect for entertaining and relaxing. The expansive windows and folding glass doors frame the views and seamlessly connect indoor and outdoor spaces. Two spacious heated/snow melt decks have fireplaces, and the rear includes a top-of-the-line outdoor kitchen and 2 gas fire pits. A perfect harmony of natural materials and contemporary finishes, the open concept living space features a sleek fireplace wall, glass wine room and a sophisticated dining area. The gourmet kitchen has high-end appliances, custom cabinetry and a large island with waterfall edges.
Tranquil and serene, the primary suite has a private balcony with panoramic views, a two-sided fireplace and an en suite bathroom with a dual-sink vanity, soaking tub and tiled shower. Each en suite bedroom is generously sized. The home comes professionally decorated and furnished, just waiting for your finishing touches.
Reach out this Holiday Season
As some revel in the magic of the holiday season, it’s important to recognize that for many individuals with ADHD, this time of year can bring about a unique set of challenges — ones filled with stress and anxiety, rather than joy and warmth. Your support can make a world of difference.
Imagine navigating the stress of buying presents, remembering dates, attending events on time, and meeting deadlines — all while feeling the pressure to keep pace with everyone else. These challenges can be overwhelming, and individuals with ADHD often lack the necessary skills and resources to cope effectively during the holidays. This is where you come in.
You can help alleviate the stress experienced by individuals with ADHD by supporting the Centre for ADHD Awareness, Canada’s (CADDAC) Adult and Youth coaching programs. Our programs equip those affected by ADHD with the strategies and tools needed to navigate stressful situations, offering a lifeline during this season. There are hundreds of individuals awaiting to access our programs, and your donation can be the difference in someone’s life!
