November 2 nd , 2012
Jim Reid
Broker, ICI, ABR

Royal LePage Your Community Realty, Brokerage

Contact Jim Newsletter : IMF Sabotaging Canadian Real Estate Prices?

Grand Palace Condos Xpression Condos "E" Condominium

Heritage Estates Mill Pond Blue Mountain Rental Chalet

EXPERIENCE HERITAGE ESTATES & MILL POND LIFESTYLES

EXPERIENCE THE HERITAGE ESTATES & MILL POND LIFESTYLES

Few Torontonians know about this delightful family community nestled just above Toronto on the Oak Ridges Morraine in central Richmond Hill a few minutes East of Canada's Wonderland amusement park.

Bounded by Yonge St., Major MacKenzie, Bathurst and Elgin Mills, this area boasts many parks, ponds, creeks and natural habitats. Quite a few of the original settlers' homes still exist and add lovely charm to your local strolls.

The area boasts an ecletic range of architectural styles, including: Victorian, Georgian, Regency, Edwardian, and contemporary custom design themes. Elegant 3-storey, traditional 2-storey, bungalows, splits and executive townhouses are spread under a dense mature woodland environment.

A spectacular feature of this community is the elegant homes of Heritage Estates that were constructed on the former Richmond Hill Golf & Country Club lands fron 1986 to 1990. Sir Murray McCance, Historical Design Consultant, through Emerson, Munro & Company, architects ensured these residences followed strict artisan guidelines for Regency and Georgian homes of the 1790 - 1830 era.

The eight approved builders were trained in special masonry features and exacting specifications. Their final creations of over 700 homes is a unique legacy to the Mill Pond area and Richmond Hill.

When the Duke of Richmond visited the area in 1819, he likely didn't anticipate that the center of this town would become a replica of period homes from Britain.

To learn more about Heritage Estates and the Mill Pond, please contact Jim Reid or use the following links:

The Mill Pond Video:

Heritage Estates History Home Page:

Heritage Estates Sales Historical Data:

Heritage Estates Architectural Guidelines:

Heritage Estates Legacy:

Real Estate Lisings in Heritage, Mill Pond and Richvale

Mill Pond Heritage Estates
Condominiums
Townhouses
Detached/
Semi-Detached
Residential
North and South Richvale
Condominiums
Townhouses
Detached/
Semi-Detached
Residential

Hot Upcoming New Listings in Heritage Estates

CONTACT JIM FOR DETAILS ON THESE UNLISTED MILL POND/ GTAHOMES!

STYLE PRICE RANGE BDRMS

Est.Sq.Ft.

FEATURES LOCATION CODE
2-Storey <$700k 3 2600 Needs Updating

Leslie/Hwy#7

LH

3-Storey <$1M 5 3800 Updated

Heritage Estates

SP

2-Storey <$1.2m 3 1 3400 Fabulous Custom

Mill Pond

TJ

Lovely Georgian Residences In Heritage Estates, Mill Pond, Richmond Hill, presently available by contacting Jim Reid at:

416-565-0030.

Please Note: These renderings or photos are not the actual properties for sale. Jim can arrange for you to see Listed and more U nlisted properties in this area.


The traditional proportions and design features of this Buckingham model by Senator Homessuggest a subdued graciousness to the convenient lifestyle they create.

This model at $900k backs onto one of the local ponds andis situated on a family crescent of many distinctive executive residences.


This Carlysle by JPerez features an elegant curving staircase and two-storey foyer. At 3250 s.f. the room sizes are quite generous and the 9' ceilings add an extra graciousness to thissplendid residence.

The rich upgrades throughout will be apreciated by busy executives. It is priced at $820k. Call Jim to see your future home.

The Westminster is often built with a two-storeyaddition to the front which houses a two car garage and a spacious master bedroom.

One is currently available at $1m. Call Jim for details.

Ellsworth House by Philmor represents the epitome of Georgian Architectural design and detailing.

Two arepresently on the market at $1.05m & $1.2m. Call Jim for details.

Property Search

IMF Sabotaging Canadian Housing Market?
Thursday, 11 October 2012, 04:03:05 PM

IMF Sabotaging Canadian Housing Market?

It began last April with the reputed Economist magazine asserting that Canada was harboring an un-popped house price bubble. Their data, which compared us to other countries around the world, was highly flawed as they didn't take into account the unique differences in Canadian housing, tax policies, mortgage lending criteria, construction costs, our large middle class, immigrationand rent controls that influence our housing market.

Now the International Monetary Fund has elected to believe this misinformation and is warning Canadian monetary authorities to put a lid on our home prices. The only thing they will do is create unnecessary panic amongst home-owners and mortgage lenders which could shrink prices in the short term.

Canadian house prices lagged behind growth rates in Europe and the USA for many years. However, increasing immigration and migration to our major cities has raised demand beyond our capacity to construct our regulated higher quality 4 season homes. Our prices have risen modestly as a result.

At present, Toronto is in the midst of a condominium construction boom caused by the delay in many projects caused by the financial market crisis of 2007 through 2011. Also, Toronto is in the process of increasing its densification in preparationfor a large ageing population downsizing. These are all normal activities and represent no balooning of prices and deflation of values.

It makes me wonder if the IMF is just jealous of Canada's prudent financial management. What do you think?

If the time has come for You to "Find Your Dream Home", then I would love to help. New properties are listed every day. By filling out the form, I can have new Listings emailed to You as soon as they become available. The Equity in your home is like any other investment - it needs to be monitored. Homeowners should have their Equity evaluated once a year.
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IS A HOME IN THE GTA A GOOD INVESTMENT? 11 BEST REASONS TO CONSIDER MOVING NOW 8 COMMON MISTAKES MADE BY HERITAGE ESTATES & MILL POND HOME SELLERS
For those wanting a steady return on their money, houses can be a sure bet. When the baby boomers started madly buying houses in the 1980s, suddenly real estate seemed To make the best Heritage Estates or Mill Pond renovate or move decision, it is important to understand all the reasons that you have to renovate and all the reasons that you have to move. This article reviews important reasons Local home Sellers, as well as many Vendors throughout the GTA, under-estimate how difficult it is to choose the best realtor to sell their property. When they do make a choice, they often over-estimate
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