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Unexpected office

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Toronto homeowners who work from home and don’t have access to a dedicated office space can create an unexpected office. Even if you don’t have a spare room there are ways of setting yourself up properly and without necessarily needing a ton of space. We’ve compiled a list of easy ways to set yourself up comfortably. 

Extra closet 

One of the cleverest and sneakiest ways of setting up an office is in an unused or underused closet. There are a number of ways to get this done, however, installing proper shelving and lighting are key to functionality while paint, wallpaper and accessories will add the sparkle needed to make it conducive to working. If you want to further extend your workspace you could remove the closet door, however, keeping it on means being able to close your office off after hours. 

Staircase landing

If you have space at the top of your staircase landing, it might be enough to set up a desk and some shelves. Most landings are brightly lit and open – two elements that contribute to a great work environment. All you need are furnishings that are small enough to fit into your space and a creative way of arranging them. Installing an office at the top of your stairs will provide 

Under a staircase

There is usually plenty of dead space under a staircase. Instead, turn this overlooked area into a cozy home office. This is an easy DIY or can be done professionally. Simple wall shelving and some good work lighting along with a slimline desk are all that such a space really needs. 

Hallway stealth office

If you really don’t have space, you can always set up a stealth office in your hallway. This would require purchasing a wall cabinet that converts into a desk for when you are working and looks like a regular cabinet for when you are not. They are handy desks in a pinch and can definitely be set-up for a more permanent solution if you live in a small apartment or condo. 

Maintaining your lawn through August

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Toronto homeowners are likely now seeing the results of the efforts they made in the spring to get their lawn summer-ready. However, far from resting on their laurels, August is a crucial time for lawn care if you want your sod staying healthy and looking its best to the end of the growing season. 

The summer’s high heat and full-on sun can take a toll on grass and earth so there are few things you should do to keep both in tip-top shape. 

Get rid of thatch

What is thatch? According to the University of Massachusetts it is a, “tightly intermingled layer of living and dead stems, leaves, and roots which accumulates between the layer of actively growing grass and the soil underneath”. To see if you have thatch, cut a small plug of earth from your lawn and measure the thickness of the thatch layer. If it is more than ¾” thick, then you have thatch. Getting rid of thatch is done mechanically using a rake. 

Let your grass grow!

As silly as that statement sounds, not cutting your grass too short in August will actually help it remain healthy. And, when you do cut your grass make sure to set your mower blades higher so that your grass remains strong. 

Seed

Late summer is the ideal time to seed your lawn. It will ensure that the seed takes hold in the fall so that by the time the new growing season rolls around you have a healthy head start.  

Fertilizer

Another crucial step in your Toronto lawn care routine for August is the application of fertilizer. Levels of nitrogen, phosphorus and potassium tend to drop during the summer, so adding a good fertilizer helps to rebalance the health of your lawn. Another reason to fertilize your lawn in August is so that the nutrients are already there in spring. 

By spending a bit of time on lawn care in August, you will set the stage for a healthy and strong grass for the rest of the year and into the early next early growing season.

Navigating higher mortgage interest rates 

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The Toronto real estate market is soon going to feel the real impact of the recent Bank of Canada interest rate hikes. On July 13, the BOC raised interest rates by 100 basis points to 2.5%. The hike was even higher than what experts were anticipating with the increase immediately reflected in mortgage interest rates across the country. 

Lock in variable rate mortgages

Toronto homeowners who have a variable rate mortgage should have already locked in their rate. But, if you haven’t yet, then now is definitely the time as there is another rate hike anticipated in September. And, should inflation continue to rise, then more hikes could be in the pipeline. Locking into a rate that you can afford now, is better than hoping that the rates will stabilize and come down soon. 

What if your mortgage is only set to renew next year?

Chances are interest rates will remain high for the next few years. If you foresee renewing your mortgage at a high interest rate, your best strategy is to start paying down as much of your mortgage as you can right now. Even if that means lowering the amount you are saving for retirement for a few years. Paying down as much as you can so that when you renew, you do so with a lower principal amount will help ease the sting of a higher interest rate. 

You need to renew but can’t afford the new interest rate at your current amortization?

If your mortgage is up for renewal and you simply cannot afford the payments based on the new interest rates and your current amortization, you can always opt to increase the amortization period. In Canada you can amortize your mortgage over 25 years. 

Mortgage still too high?

If you cannot afford your mortgage at a new, higher interest rate and you have the room (and temperament), consider renting out a room in your home or a portion of your home to help cover the costs. If you have friends or family members who are willing to let you move in with them short term, you can even consider renting out your whole house to cover your mortgage until you are able to afford the payments again. 

Preparing for a rate hike and handling a rate hike is not fun or easy – but it can be done. With a little discipline and proper planning you can structure your finances so that you can keep your home.

Small gardens  

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It’s summer time in Toronto! And, whether you live in a grand estate with sprawling grounds or your patch of heaven is an upper floor condo with a small terrace, having an outdoor space can contribute plenty to your summertime enjoyment. Gussying-up what you’ve got to maximize your pleasure is easy and doesn’t have to cost a lot of money.

Plan it out

The first thing about creating a small garden is to plan your space properly. Note the position of the sun throughout the day and then layout our plan accordingly. Ideally provide adequate shade so you can sit outside without frying in the heat. Also, make sure the plants you choose are suited for the area of the garden you have planned for them. Regardless of how big your space is, you can always create a mini-oasis by figuring out the best seating and planting areas. 

Pots and plants

If your space doesn’t allow for full-out planting of flowers and bushes because you have a small patio, terrace or balcony, you can still add colour and greenery by using potted plants. Potted plants are easy and versatile. Depending on how large the container and plant is, they can also be portable. And, the best part about a potted garden, is that a number of those same plants can be brought inside to overwinter – so you can be surrounded by greenery year-round. 

Versatile furniture

Another good way to maximize the space of your small Toronto garden is to invest in good furniture. There are pieces designed specifically for small spaces that serve double duty or that can fold for easy storage. For instance, table fire pits are super convenient as they work as a table that converts into a firepit at night. Folding chairs are another great option – after using you can fold them up and hang them on a wall or tuck away into a storage shed. Bench seating that runs along a wall is another great way of saving space. It provides seating while minimizing the footprint needed. Large padded cushions placed on a low, sturdy table can also make a great seat if you’re running low on place. 

If you are unsure on how best to plan your small Toronto garden, you can always look online. There are a number of excellent resources that will help you find the perfect plan for your little paradise.

Planting a pollinator garden at your Toronto home  

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Pollinators are the bees, butterflies, hummingbirds, beetles and flies, amongst a long list of other creatures, that help to pollinate the plants responsible for our food. From the coffee and tea that start off our days to the chocolate and tequila that enrich our days, we owe 75% of the food we eat to pollinators (https://ourworldindata.org/pollinator-dependence). 

Choosing the right plants

Creating a pollinator garden might seem easy enough but choosing the right plants is actually key. The plants you choose should be native to your area. Including plants that are great pollinators but not found in your area can actually do more harm than good. Non-native species can threaten native species. Non-native plants can also negatively impact the life-span of pollinators that depend on such plants for survival by providing nourishment for only part of that pollinator’s lifecycle. 

Avoid chemicals!

The next step to creating a great pollinator garden for your Toronto home is to forego the pesticides and espouse natural fertilizers. Be sure that any plants you buy at your garden centre haven’t been grown using pesticides or water soluble chemicals. These chemicals are very harmful to pollinators and can even be lethal. The worst part? These chemicals can remain in a treated plant for up to seven years. 

What’s in a good pollinator garden

Here’s what to include in your Toronto pollinator garden to create a paradise for your local bees and butterflies.

  • Make sure you have a diverse offering of native plants that produce pollen and nectar for adult pollinators.
  • Include plants that can support butterfly and moth larvae.
  • Have a readily available water supply and create nooks for nesting.

Best pollinator plants for Toronto

The Toronto Botanical Garden blog has put together a list (https://torontobotanicalgarden.ca/blog/plants-for-pollinators/)of native plants that will attract pollinators to your garden. Included are favorites such as Beebalm, Dogwood and Godenrod. 

If you have never created a garden before, it is best to consult with your local nursery to get the best advice on what works in your area. Doing our part to help keep our pollinators healthy will also give you a beautiful garden.

Toronto real estate cooling

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Toronto real estate has been a tear for two decades now. House prices have increased exponentially in that time and seller’s have reaped the benefits of those prices while buyer’s have had to hustle to find housing they could afford and that they liked. However, since the recent interest rate hikes introduced in April 2021, the Toronto housing market has cooled dramatically. 

Year-over-year sales down

Housing sales year-over-year were down a whopping 41.2% in April in the GTA and month-to-month they were down 27% – those are big percentages from a market that continued full-steam-ahead even during the pandemic. According to Douglas Porter of the Canadian Real Estate Association (CREA), this drop “suddenly getting into buyers’ market terrain.

Good news for buyers

While supply is still tight, this drop in sales means that buyers will have more time to consider their options and won’t be faced with the kind of bidding wars that saw homes selling for thousands over their asking price. 

Buyer’s remorse

What the drop in the market has meant is that greater numbers of buyers are now feeling remorse and looking for ways to get out of their purchase offer. Toronto real estate lawyers have seen an increase in the number of clients looking to either get out of a deal or to keep someone in a deal. With a drop in the market those who bought property on spec are worried that their investment will instead turn into a burden. 

Lower prices

Porter added that “decades of history show that the sales-to-new-listings ratio is an excellent leading indicator for average transaction prices,” which essentially means that lower prices are around the corner. Although no one expects the free fall of what happened in the US in 2008, a correction is definitely possible.