Wayne Bibby : Blog : Latest Blog Posts

Open House. Open House on Saturday, May 16, 2026 10:00AM - 12:00PM

Sat, 16 May 2026 09:27:42 GMT

Please visit our Open House at 166 Maple Street in Mapleton. See details here

Open House on Saturday, May 16, 2026 10:00AM - 12:00PM

Welcome to 166 Maple Street, Drayton - a bright and beautifully maintained 3-bedroom, 2-bathroom home offering sweeping sunrise AND sunset views and a truly special setting at the south-east edge of town. With no neighbours to the south or east, enjoy uninterrupted views of open farmland and distant tree lines-a rare blend of privacy and wide-open space. Set in a quiet, family-friendly neighbourhood, you're just a 1-minute walk to a park and splash pad, with the charm of small-town living all around. Drayton offers a strong sense of community, local shops, schools, and an easy pace of life-while still being within reach of larger centres for commuting. Inside, the home features a functional and inviting layout with a modern kitchen complete with granite countertops and stainless steel GE appliances, including a gas range. Upstairs, the spacious primary suite includes a large walk-in closet, complemented by generous storage throughout and the convenience of second-floor laundry with GE appliances. The basement is dry and comfortable and offers a rough-in for a future bathroom, providing excellent potential to expand your living space. Step outside to a private backyard retreat featuring a fire pit, mature flowering trees (including lilac and crabapple) - perfect for relaxing or entertaining. Additional storage under the deck. Parking for 3 vehicles (1 garage, 2 driveway) completes the package. A rare opportunity to enjoy privacy, views, and community-all in one. Stunning views from almost every room. OPEN HOUSE May 16 from 10:00AM to 12:00PM.

Open House. Open House on Saturday, May 9, 2026 2:00PM - 4:00PM

Tue, 05 May 2026 09:41:11 GMT

Please visit our Open House at 166 Maple Street in Mapleton. See details here

Open House on Saturday, May 9, 2026 2:00PM - 4:00PM

Open House. Open House on Sunday, May 10, 2026 2:00PM - 4:00PM

Tue, 05 May 2026 09:41:11 GMT

Please visit our Open House at 166 Maple Street in Mapleton. See details here

Open House on Sunday, May 10, 2026 2:00PM - 4:00PM

New property listed in Mapleton

Fri, 01 May 2026 09:42:45 GMT

I have listed a new property at 166 Maple Street in Mapleton. See details here

Open House. Open House on Saturday, May 2, 2026 2:00PM - 4:00PM

Fri, 01 May 2026 09:42:45 GMT

Please visit our Open House at 166 Maple Street in Mapleton. See details here

Open House on Saturday, May 2, 2026 2:00PM - 4:00PM

Open House. Open House on Sunday, May 3, 2026 2:00PM - 4:00PM

Fri, 01 May 2026 09:42:45 GMT

Please visit our Open House at 166 Maple Street in Mapleton. See details here

Open House on Sunday, May 3, 2026 2:00PM - 4:00PM

Toronto Housing Outlook: Lower Rates, Global Tensions, Local Opportunity

Wed, 19 Mar 2025 17:05:23 GMT

Toronto Real Estate Gets a Boost: Interest Rates Drop Amid U.S. Trade Tensions

On March 12, 2025, the Bank of Canada announced a 25 basis point rate cut, lowering the overnight rate to 2.75%. For Toronto’s real estate market, this move injects a welcome dose of optimism just as the spring market awakens. Lower borrowing costs typically translate to more accessible mortgages, encouraging buyers to enter — or re-enter — the market. While sales across the GTA had cooled in early 2025 due to lingering economic uncertainty, this rate cut is expected to reignite activity, particularly in the entry-level and mid-range home segments. Buyers who were sitting on the sidelines may now feel confident making a move, and sellers may benefit from a renewed sense of urgency in the marketplace.

Although international headlines have been dominated by growing trade tensions between Canada and the United States, especially in the last two weeks, there are opportunities to be found. President Trump’s administration recently introduced tariffs on Canadian steel and aluminum — a move that, while raising costs for some industries, could also stimulate demand for existing residential properties in Toronto. With higher construction costs potentially slowing down new developments, existing homes may become even more desirable. For homeowners, this positions their property as a valuable and more readily available alternative compared to delayed or pricier new builds.

Another notable development is the U.S. tightening visa rules for Canadians working in certain sectors. While this presents challenges for those seeking cross-border work, it may also encourage more Canadians to invest and settle here at home, particularly in urban hubs like Toronto. As Canadian professionals weigh their options, Toronto’s diverse economy, cultural vibrancy, and world-class amenities make it an increasingly attractive place to live, work, and own property. Additionally, the recent weakness in the Canadian dollar compared to the U.S. dollar is drawing attention from American buyers. For them, Toronto real estate now offers more value for money, and we could see a short-term uptick in U.S. investment, particularly in luxury and downtown properties.

In summary, while global headlines may be turbulent, Toronto’s real estate market is positioned to benefit from both local and international dynamics. The Bank of Canada’s rate cut offers a real financial advantage to buyers, and broader trade developments could strengthen the appeal of existing Toronto properties. Whether you’re buying, selling, or investing, this spring could offer unique opportunities — and I’d be happy to help you navigate them.

Also see First Time Home Buyer’s Help

Wayne Bibby is a Seaton Village resident and real estate agent.

I have sold a property at 325 Concord Avenue in Toronto

Sat, 15 Mar 2025 09:04:32 GMT

I have sold a property at 325 Concord Avenue in Toronto on Jun 6, 2023. See details here

A Must See - Beautiful 3 Bed 2 Bath Bloorcourt Victorian In The Heart Of The City! Well Located, Steps To The TTC, Shops And Restaurants. Christie Pits, Dovercourt And Bickford Parks Are All Close By. Magnificent 9'+ Ceilings On Both First And Second Floors Give This House An Expansive And Airy Feel. Kitchen Has Gas Stove And Large Island (Perfect For Food Prep, Eat-in Dining And Entertaining). Large Windows In Living Room And Primary Bedroom Let Light Stream In. Relax In The Thoughtfully Designed Backyard Complete With BBQ And Dining/Siting Area. Possibility of Expanding To The Third Floor As Several Neighbours Have Done. Don't Miss Your Chance To Own This Concord Gem!

Bank of Canada’s Rate Announcement and the Toronto Housing Market

Wed, 29 Jan 2025 20:17:52 GMT

The Bank of Canada (BoC) has lowered its overnight rate by 25 basis points, marking the sixth consecutive rate cut. This brings the rate down to 3%, as the central bank moves to support economic growth. Along with this decision, the BoC has announced an end to quantitative tightening and plans to moderately increase asset purchases in line with economic expansion.

Key Takeaways From the Announcement:

Inflation has remained steady at 2% since the summer.
Lower interest rates are stimulating big-ticket purchases, such as homes and vehicles.
Canada’s GDP grew 1.3% in 2024 and is forecast to grow1.8% in 2025-2026, slower than previously expected due to reduced immigration.
GDP per capita is improving due to rising incomes and lower interest rates, but overall GDP growth is sluggish partially due to decreased immigration.
Uncertainty looms over a potential U.S. trade war, with tariffs from a Donald Trump-led administration threatening to push up prices on imported goods, which could fuel inflation.
The BoC acknowledges that monetary policy cannot counteract the effects of tariffs, making the trade situation a significant wildcard for Canada’s economy.

How This Affects the Toronto Housing Market

Lower interest rates make borrowing cheaper, which directly benefits homebuyers in Toronto. Mortgage rates have already been declining, making homeownership more accessible and increasing buyer demand.

1. More Buyers Entering the Market

With rates falling, more first-time buyers and investors are jumping in…. but slowly. Toronto real estate has been sluggish in recent months, but we’re seeing some signs of renewed activity. Listings are up considerably. Expect high quality houses in good neighbourhoods like the Annex, Seaton Village, and midtown Toronto to get solid sales prices, while many condos and lesser quality places may stagnate on the market.

2. Home Prices Could See Moderate Growth

While Toronto home prices have been relatively flat, this reduction in rates along with the changes in lending rules should draw more people into the market which theoretically should increase demand which could push prices up modestly. That said the supply side remains relatively high which could help to stifle prices in the market. All of this would make sense in a normal economy, but there is uncertainty in the market at the moment. With the looming threat of massive tariffs from Trump, people are truly unsure about how the economy will be over the next number of months.

3. Real Estate Window of Opportunity

Lower borrowing costs make properties more attractive. If you’ve been considering buying a house or even an investment property, this may be a prime opportunity before rates potentially level out later this year and while prices are still relatively low. It is also potentially a good time as many wait to see what will happen with the Trump tariff situation. Many people will likely hold back on making any big decisions while the threat of large changes to the economy hangs overhead, which is completely reasonable. The coming months will of course tell the tale. Like with any big purchase, there is always a risk, but housing is, and always has been, about far more than the economic investment. It is primarily a place to hang your hat, to be part of a community, to raise your kids and to simply enjoy your house and turn it into a home where you invite friends and family to enjoy shared time together..

Final Thoughts

Overall, for Toronto buyers, sellers, and investors, this rate cut is a positive development, making real estate transactions more affordable and attractive. However, with external uncertainties like trade policy and inflation risks, it’s important to stay informed and make strategic decisions and also to consider the real purpose of a home and whether or not your current situation meets your needs. Please be in touch with me if you have any questions.

Wayne Bibby is a Seaton Village Resident and Realtor.

wayne@waynebibby.com

waynebibby.com

416 997 4285

Changes to Mortgage Rules Come into Effect Today: What This Means for Toronto Buyers and Sellers

Wed, 15 Jan 2025 18:29:08 GMT

The Canadian government has made significant updates to mortgage lending rules, marking the first change to the price cap for insured mortgages since 2021. These changes have the potential to make homeownership more accessible for many buyers, particularly in Toronto. Let’s break it down.

Key Changes at a Glance

Mortgage Insurance on Properties up to $1.5M
- For the first time, homes priced between $1 million and $1.5 million are now eligible for mortgage insurance.
- This means buyers can secure these homes with as little as a 5% down payment, compared to the previous requirement of 20% in this price range.
30-Year Amortizations for First-Time Buyers of New Builds
- First-time buyers can now opt for a 30-year amortization when purchasing newly built homes.
- This will allow buyers who take advantage of this the option to lower their monthly payment by choosing a 30 year amortization. This of course will lead to more interest paid over the course of the mortgage, but the reduction in monthly payment just may be enough to allow you to afford a house.

What This Means for Toronto’s Real Estate Market

Toronto’s real estate market is already competitive, and these changes are likely to have a noticeable impact, especially since the 1million dollar cap came into effect in 2012 at a time when the average price of a house in Toronto was just under $500K. Today the average price of a property in Toronto is well over a million dollars, so the change is welcomed by many.

Increased Buyer Activity: With lower down payment requirements and extended amortization periods, more buyers can enter the market.
Potential Price Pressure: More buyers will lead to greater demand could put upward pressure on home prices, especially for properties between $1 million and $1.5 million.
Opportunities for First-Time Buyers: These updates make it easier for first-time buyers to secure homes that were previously out of reach.

How I Can Help You

As a dedicated real estate agent in Toronto, I’m here to guide you through these changes and help you navigate your next move. I have mortgage brokers that I work with regularly to get you the best mortgage out there and help you through the process of qualifying for a mortgage. Whether you’re a first-time buyer exploring your options or a seller looking to maximize your home’s value, I’ll provide the insights and strategies you need.

Ready to Take the Next Step?

Contact me today to discuss how these new mortgage rules impact your buying or selling journey. Let’s work together to make the most of this evolving market.

Wayne Bibby is a resident of Seaton Village and trusted real estate agent in Seaton Village, the Annex and beyond.

You can contact me at wayne@waynebibby.com.

Or you can call me at 416.997.4285.

Visit my website at waynebibby.com.

View First time home buyers section of my website right here.

Bank of Canada Cuts Rate by 50 Basis Points… Again

Thu, 12 Dec 2024 15:42:00 GMT

On December 11, 2024, the Bank of Canada announced a 50 basis point cut to its policy interest rate, bringing it down to 3.25%. This marks the fifth consecutive rate reduction since June. According to Governor Tiff Maclem, the shift in focus from inflation control to stimulating economic growth signals a new phase for the central bank.

The Bank of Canada’s primary role is to ensure price stability while supporting sustainable economic growth. With inflation now back at the 2% target, the Bank’s attention has turned to softer-than-expected growth and a labor market still facing challenges.

Canada’s economy grew just 1% in Q3, falling short of expectations. This slowdown was driven by declines in business investment, inventories, and exports. However, there are signs of recovery as consumer spending and housing activity have started to pick up, fueled by earlier interest rate cuts.

At the same time, the job market remains weak. Unemployment rose to 6.8% in November, with young people and newcomers especially affected. Although businesses are hiring, the number of job seekers is outpacing job openings.

According to Maclem, the excess capacity in the economy was a key factor in the Bank’s decision to cut rates again. The Bank of Canada aims to stimulate further spending and investment to close this gap and bring growth in line with its potential.

Impact of New Policies

Several new policies will shape the economic outlook in the coming months:

Reduced immigration targets may dampen GDP growth in 2025, but Maclem noted the impact on inflation should be limited as slower population growth reduces both demand and supply.
A temporary GST break on certain consumer goods will lower inflation briefly in January before rebounding in February.
One-time government payments and changes to mortgage rules could influence household spending dynamics.

While these measures will have short-term effects, the Bank of Canada will continue to focus on long-term trends to guide its decisions.

It’s clear that the Bank of Canada is monitoring several factors, including inflation, economic growth, and political shifts south of the border, before making any further rate decisions. As Maclem stated, “The Bank is committed to maintaining price stability for Canadians by keeping inflation close to the 2% target.”

Real Estate Impact

While the rate cuts have had some effect on the real estate market, their impact has been modest. Sales are down compared to previous years, particularly from the heights of 2021-2022.

In summary, while these reductions have provided a boost to the GTA real estate market by lowering borrowing costs and stimulating buyer interest, the market remains expensive. First-time buyers will continue to face challenges in entering the market.

Wayne Bibby is an Annex resident and Realtor With Sutton Group - Associates

waynebibby.com

Read the announcement at The Bank of Canada Website

October 23, 2024 - Bank of Canada Cuts 50 Basis Points - Buying a House is Becoming Easier in Ontario

Fri, 25 Oct 2024 17:08:46 GMT

(2.5 Min. Read)

The Bank of Canada lowered policy rate 50 basis points to 3.75%, marking the fourth consecutive decrease and the biggest of the decreases so far. This change is significant, especially as inflation is projected to remain around 2% in the coming months, and more rate cuts appear to be in the forecast.

The Benefits of Lower Interest Rates to the Housing Market

Lower interest rates mean more affordable mortgage payments, allowing you to stretch your budget further and access a wider range of homes. But what does this mean for you as a prospective buyer?

Increased Affordability: With reduced borrowing costs, monthly payments will decrease, making homeownership more attainable. This means you can purchase a property that may have previously been out of reach.
Potential for Price Appreciation Across the Long Term: Historically, lower interest rates stimulate demand in the housing market. As more buyers enter the market, home prices tend to rise. Buying now could position you to benefit from significant appreciation over the coming years.
Lag Time Before Price Increases: It’s essential to recognize that while interest rates are dropping, it may take some time for home prices to reflect this change. This lag creates a unique opportunity for buyers who act soon. Securing a home now, could allow for you to benefit from both sides of the equation: lower prices and future decreases in mortgage payments.

Planning for the Future

The Bank of Canada is expected to continue cutting rates to stimulate economic growth. If you wait too long, you may miss out on the chance to buy before prices rise. Additionally, with the economy projected to strengthen, increased demand could push prices even higher in the near future, which is great if you bought and not so good if you did not.

Max Lindsay, a mortgage broker with Mortgage Financial Corporation in Hamilton says he has seen an uptick in pre-approvals, applications and buyers preparing themselves to purchase over the last few weeks, and this announced rate reduction will only further this trend.

If you're considering purchasing a home, let's connect to discuss your options. Together, we can find a property that meets your needs and positions you for future success in the housing market.

Feel free to reach out, and let’s get started on your journey to homeownership!

Governor of the Bank of Canada, Tiff Macklem’s Quotations:

“It’s a pretty good looking story: lower inflation, lower interest rates (and) pickup in growth.”

“On the upside, we know that housing is very interest sensitive; as we lower rates we’ve got a pickup in housing in our forecast. That could happen faster and could be bigger than we’ve been expecting.”

“It’s been a long fight against inflation, but … it’s worked.”

“We’re coming out the other side, and I think Canadians can breathe a sigh of relief.”

“With today’s 50 basis point cut, that is setting the stage for growth to pick up.”

“We’ve got inflation down. We are back to low inflation….. Now we need low and stable inflation …. When I say we need to “stick the landing”, that’s what it means, that is sticking the landing.”

“We actually have been very clear about the direction of policy rate… Since we cut in June, we have been indicating that if things continue to evolve broadly inline with our forecast, we anticipate cutting our policy rate further and that’s what we have been doing.”

Wayne Bibby is a Realtor who lives and works in Seaton Village in Toronto

Full BOC Announcement here.

Discover - Clay With Me - Toronto

Mon, 23 Sep 2024 16:44:54 GMT

Clay With Me - 474 Richmond St. W., Toronto and 2112 Dundas St. W., Toronto

By: Wayne Bibby

This is the story of Gabriela Angulo, a former Seaton Village resident and passionate ceramic artist and educator. Gaby holds a degree in Ceramics and Visual Arts from Artes del Fuego College in Argentina, where she later became a professor of pottery. Her work gained recognition throughout Argentina, establishing her as a highly respected ceramist with a successful business. In 2010, Gaby moved from Argentina to Canada with her partner Matt and one-year-old daughter, Amancay. They started in Meaford, Ontario, then moved to Toronto's Seaton Village. Gaby initially lived on Palmerston Avenue before relocating to Manning Avenue in 2014, when Amancay was five and attended Palmerston Public School.

Gabby connected with other moms in Amancay’s class, and they arranged a rotating pickup and aftercare schedule. During her turns, Gaby introduced crafts and snacks, sparking the children’s interest in her pottery wheel. The children’s curiosity led to early clay instruction, starting with small hand-built projects. My daughter, Sophie, joined this afterschool group, bringing home creative clay pieces each week and even special ones for holidays like Mother’s Day and Thanksgiving.

What began as a couple of days a week quickly grew to five days, involving around thirty children. However, the influx of kids meant Gaby needed more space. One day, while walking in the neighborhood, she noticed a "for rent" sign on a former sign shop at Barton and Palmerston (now Tiny’s). After speaking with the owner’s son, and eventually negotiating a lease, Gaby moved in late fall 2016 with two tables, twelve chairs, and her pottery wheel. The new location, right across from Palmerston School, attracted plenty of foot traffic, and word spread about her offerings.

This location close to Palmerston Public School allowed Gaby to expand her programming, launching summer camps, school PA Day programs, and hosting numerous birthday parties (including my daughter’s). As word spread, talented moms like Sabrina Francescut and Adrienne Ball joined the team, enriching the pottery experience for the kids and growing the community.

The name Clay With Me emerged organically from the idea of “play with me,” influenced by the children. However, interest in pottery extended beyond kids; many parents inquired about adult classes. Soon, Gaby started offering adult only classes on Tuesday and Thursday evenings. As demand grew, she hired Eileen Quigg to teach some of these classes.

The business flourished, creating a vibrant community for participants in the Greater Seaton Village area. Gaby had not only built a business but also fostered a strong sense of community filled with energy, ideas, and talent.

In early 2020, when COVID hit, Clay With Me adapted as well as they could. Sabrina immediately set up a wheel at home to further develop her skills through the lockdown. Clay with me offered Clay To Go kits for purchase. Once restrictions eased, they reopened in stages with more and more in person sessions as restrictions allowed.

As interest in pottery continued to rise, Gaby found a new space on Portland Street right downtown. This location emphasized adult programming, including classes, memberships, corporate team-building opportunities, and customizable evening events. Gaby explored event licensing with the LCBO, allowing for evenings that included a glass of wine and delivered off-site catering. Valentine’s Day became a popular event for couples to enjoy the creative experience of clay together, reminiscent of the movie Ghost, with Demi Moore and Partick Swayze. A new website and online booking system made it easier for clients to book and pay for their classes.

In early 2022, as demand continued to rise and the Barton location became crowded, Gaby reached out to me for help in finding a new home for Clay With Me. I listened to her needs: location, size, natural light, and budget. We toured several buildings that met her criteria, but I suggested one a bit farther out that caught my eye—a corner location with ample windows and high ceilings. When we stepped into 2112 Dundas Street West, I could see Gaby’s excitement building as she envisioned her pottery wheels spinning in the sunlit space by the windows. Although it needed some work, its corner location meant plenty of natural light. After a couple of days to think it over, Gaby decided to make this her new location, bringing the Dundas Studio to life.

At the Dundas Studio, the focus remained on families, kids, and community, just as it had at Barton. With an existing website, booking new clients in the Roncesvalles neighborhood was smooth, and the business grew steadily, becoming a beloved community fixture.

In October 2023, Portland was consistently booked solid and the lease was ending in the not too distant future, Gaby contacted me again, this time with her sights set on the vibrant Queen Street West area, known for its designer shops, music venues, restaurants, and famous murals. It was a perfect fit. The moment Gaby entered 474 Richmond Street West, she was captivated by the finished nature and clean stylings. The building required minimal work to prepare for clay, and featured four designer floors with ample space for classes, events and material storage. Sunlight poured in through the south-facing windows, and a lovely outdoor deck space on the third floor was instantly envisioned. Although the deal was complex and took a long time to secure, the wait paid off, and Clay With Me moved into the new space in late February 2024. The building is a work of art, reflecting the creativity and community thriving within its walls.

Clay With Me has also hosted team-building events for various corporations. Muskoka Brewery created beer steins and Winners and Shopify brought employees for team-building activities. Even the Champagne Papi himself - Drake contacted Gaby to host pottery evenings at his Toronto mansion and led to a Clay Mobile which comes to you.

Clay With Me also gives back to the community with discounts for women’s shelters, programs for at-risk youth, and school fundraising efforts. These programs are so beneficial to people as they are tactile and incredibly engaging, allowing people to forget about other worries for a while.

Having known Gaby for many years, I've watched her pottery business flourish. What stands out is her commitment to the community rather than a drive for profit. Gaby channels her remarkable talent, understanding, and kindness into every piece she creates, every employee she mentors, and every student she teaches. While her artistic skills are exceptional, it’s her warmth and infectious spirit that truly distinguish her. The people based theme of Clay with me is really felt when you take a look at someone like Mia Kneeshaw, who began as one of the students and is now a valued teacher and a key member of the Clay With Me community.

"In a time when life has become more isolated, Clay With Me offers a much-needed space for artistic expression, tactile creativity, and genuine human connection."

Gaby is larger than life, radiating positivity and a “glass half full” attitude. Her genuine care for others makes every moment brighter and more enjoyable. I’ll never forget visiting the Dundas location with her; the moment she walked in, her team rushed to greet her with hugs, eager to share what they have been working on and genuinely interested in connecting with her. The warmth and care were palpable.

Patrons feel the incredible community within the studio and soon become part of it. While Clay With Me centres around clay and creativity, it’s fundamentally about the people. From the moment you step inside, you feel like you belong.

Connection - Community - Creativity

Find out more about Clay With Me or book a session at:

claywithme.ca

Sabrina Francescut is a professional photographer from Seaton Village and an instructor at Clay With Me.

SabrinaFrancescut.com

Wayne Bibby is an Annex resident and Realtor With Sutton Group - Associates

waynebibby.com

Bank of Canada Rate Announcement September 4th, 2024

Fri, 06 Sep 2024 21:42:17 GMT

Bank of Canada Rate Announcement

Tiff Macklem Lowers Overnight Lending Rate by 0.25% to 4.25%

The Bank of Canada announced a 0.25% reduction in its overnight lending rate this week, bringing the rate to 4.25%. This adjustment is set to ease financial pressures on borrowers with variable-rate mortgages. For a $600,000 mortgage, the reduction translates into a monthly savings of approximately $125 - a welcome relief for homeowners who have faced increased costs since rate hikes began in February 2022.

The reduction is also promising for those approaching mortgage renewals, offering the prospect of lower payments in the near future. Additionally, this move is likely to stimulate renewed interest in the housing market. Potential homebuyers who had been hesitant during the period of high rates may now consider entering the market, while sellers can expect a larger pool of buyers, boosting confidence in achieving favorable sale prices.

A Trend Toward Lower Rates

Governor Tiff Macklem indicated that further rate cuts may be on the horizon, with attention now turning to the U.S. Federal Reserve’s September 18th announcement, where another rate reduction is anticipated. This trend of falling rates aims to bolster economic activity without reigniting inflationary pressures.

Impact on the Toronto Market

Toronto’s housing market remains under significant pressure, both in the rental and homeownership sectors. Lower interest rates create a pivotal opportunity for many renters to transition into homeownership. With thousands poised to take advantage of these conditions, we may see a surge of activity as prospective buyers re-enter the market.

A Shifting Market Landscape

Historically, falling interest rates spur demand in the housing market, which can, in turn, drive prices higher. This fall may present one of the final opportunities to transact in a more balanced market. For those buying and selling within a similar timeframe, market timing may be less critical. However, an ideal strategy would involve purchasing now, benefiting from lower prices, and selling later when increased demand and continued low rates could push prices upward.

In real estate, time in the market often proves more valuable than trying to time the market. Over the long term, real estate has consistently demonstrated strong returns, making it a solid investment for the future.

Wayne Bibby

Sutton Group - Associates

416 997 4285

waynebibby.com

Discover - Chaveta Coffee - Annex

Thu, 15 Aug 2024 05:06:00 GMT

This was first published prior to the pandemic, but I'm posting again as this is one of Seaton Village's little gems. Julian and Michelle have created a wonderful space that has served us coffee and pasteries even throughout the pandemic. As an additional note they have a catering side to their business now. Ask Jullian about it.

Thanks for all of your work guys.

This is their story.

Chaveta Coffee is relatively new to the Annex, although in its short time it has made an impact on many in our community. Julian and his wife Michelle have created an amazing spot. With loads of charm and the practical location of Olive and Bathurst, Chaveta’s warmth is waiting for you. Excellent coffee in all forms can be purchased at a reasonable price. They have a selection of baked goods delivered fresh each day, and everything is always served to you with a smile.

Prior to running Chaveta, Julian was in the cigar business at La Casa del Habano in Yorkville. During his time there, Julian made many trips to Cuba and fell in love with the simple and colourful stylings of Havana. He was taken by the cafes and shops with bold colours that had time faded into culture and nostalgia. Although he didn’t know it at the time, It was that feeling that inspired, “Chaveta”. During the latter part of his time in the cigar business, he began thinking about his future and opening a shop of his own - either cigars or coffee. He decided on a coffee shop with themes from the cigar business.

Chaveta, has a couple of meanings. One meaning is “crazy”, which is what Julian and his wife Michelle thought of their idea of starting their own business, as many business owners do in the beginning. The second meaning of Chaveta is where the name came from. A chaveta is a knife used in cutting the tobacco leaf in the making of cigars. Chavetas are in their logo and represent Julian’s history with cigars. As nerve-racking as it was, the couple decided to take the plunge, and they leased the store front at Olive and Bathurst. After three months of renovations, where Michelle made decisions on the materials and styling and Julian focused on coffee, Chaveta opened on September 9, 2019.

Chaveta has proven an Annex and Seaton Village favourite. If you haven't been in a while stop in to say hi to Julian, Michelle and staff. Great coffee served with a smile.

994 Bathurst St. Seaton Village

416.534.9918

info@chavetacoffee.com

Bank of Canada Cuts Overnight Rate

Wed, 24 Jul 2024 15:57:50 GMT

The Bank of Canada reduced its overnight rate by 25 basis points to 4.5%. Governor of the Bank of Canada, Tiff Macklem was very clear that while they do expect more rate cuts in an effort to help balance growth and inflation, they are not on a predetermined path and will make decisions on a step by step basis depending on what is happening in the economy.

For Real Estate

For you as a homeowner or those wanting to buy, this is good news. The reduced rate is of immediate benefit to those on variable rate mortgages and for many may make a substantial difference in their monthly payments. For the many people needing to renew in the near future it is also good news. New buyers benefit from a reduced stress test rate and mortgage payments will be reduced therefore helping out with affordability. This all leads to what should be a more robust market this fall.

Read the BOC Announcement.

Wayne Bibby

Sutton Group - Associates

416 997 4285

Discover - Loop Line - Annex - Toronto

Mon, 30 Oct 2023 19:09:50 GMT

Loop Line Wine Shop at 643 Dupont St. W. across form Loblaw's

Peeking in the Window at Loop Line.

For months I have peered across the street from the lineup at Loblaws to a very attractive black awning with the name Loop Line on it in bold sharp white letters. It made me curious, but I was never able to find time to actually see what was in the shop…. until last week. Peeking in through the window I discovered wine, lots of wine. They had wine from all over the world, a small kitchen where chef Sheyla Thurler makes up some tasty small plates and Charcuterie boards to accompany the wine.

What is with the name Loop Line?

The Christie-Dupont intersection was the turnaround area, for streetcars up until the sixties The loop that the streetcars made there was the reason behind Loop Line Lane beside the wine shop and the wine shop itself. The name Loop Line gives a fitting nod at the history of the area.
Inside, you will find a very nicely appointed shop with tasteful design and lots of wine. I had a very nice conversation with Kasia Koziara, the manager of the Loop Line. Kasia went through the Niagara College winemaking program and then Wine and Business at George Brown, which makes her a perfect person to talk to you about your favourite wine, or ask about some wines that simply must be tried. Kasia explained that the wine bar was started by David Feldberg and Charles Baker. David is the CEO the furniture making company Teknion. The unique modern looking furniture that inhabits Loop Line is from Teknion. But it was David’s love of wine that brought Charles Baker and him together to form Cru Wine Merchants about six years ago. Charles has always been in the food and wine business and importing wine was a natural next step for him. They import unique quality wines from around the world and they are available at Loop Line. Loop Line also carries wine from other importers and has a fabulous selection of wines ranging in price from the mid twenties to $300. While all wine in Ontario does need to go through the Liquor Control Board of Ontario. Most of the wine found at Loop Line cannot be purchased at the LCBO.

So should you visit Loop Line?

YES!

Here are some thoughts as to why it is so great to have Loop Line in the neighbourhood.

When you drop your kids off at Bill Bolton Arena for their hockey practice you could slip in for a quick glass of wine and a cheese plate.
Date night - bring your special someone out for a romantic night out with delicious food and paired wine. Ask your server about the wine. They will only be too happy to answer you and are well versed in using words like: terroir, acidity and body to describe your wine.
Boys / Girls night out. Have a special night coming up? Get your friends together for a wine tasting right here in Seaton Village. Stags, bachelorettes, birthdays, reunions are all perfect for Loop Line.
Why not have your next staff meeting in the back room. There is room for 8-12 people and even a TV in case you need to present or keep up on the Leafs game.

The back room at Loop Line - Perfect for your small gathering of friends, meeting or night out with friends.

There are lots of great options for this fun spot. With a clean modern look, it is a comfortable place to spend some time eating, drinking and talking. Also consider take out along with a marvelous bottle of wine!

Please enjoy responsibly.

Loop Line Wine and Food

643 Dupont St., Toronto

M6G1Z4

289 201 3564

Discover - Grapefruit Moon - Annex - Toronto

Sun, 15 Oct 2023 19:03:00 GMT

The Grapefruit Moon Restaurant has been around for over twenty years, and before that it was the first location of the Victory Café which was on Markham St. and now is at Howland and Bloor according to managing partner Jarvis Taylor. The owner, Rhiannon Wicks began working at the Grapefruit Moon when her mom, who was managing the place said that there was a job available and an apartment right above as well. So, Rhia who grew up in Toronto, packed up and traveled back from Peterborough where she attended the Concurrent Education Program at Trent. Thrilled to be back in the City with her mom, Lori and stepsister, Fay; Rhia enjoyed Seaton Village and all it had to offer.

I first met Rhia at the Grapefruit Moon when I went for an after-work drink shortly after she started working there. In our conversation, she let me know about the struggles of finding childcare and I suggested St. Alban’s Boys and Girls Club, where my girl was in daycare. She got her kids in daycare and I’ve been going back to the Grapefruit Moon ever since.

The Grapefruit Moon is an Ontario Craft Beer only establishment with a good selection of craft beers (many local). They have recently hired a new chef, Romeo Erazo, who is changing up the menu a little bit and making food offerings that have a little more of an upscale feel. Try the gourmet mac and cheese, chef inspired pot pies, the flour tortilla nachos or the vegan cassoulet.

The Grapefruit Moon is known for its weekend brunch. With classic brunch fare like: eggs benedict, French toast and bacon and eggs, they have their own inventions like corncake waffles. The outdoor patio is a treat, with seats for 25 people, and is a great place for an afternoon or evening meal or drink. Lunartic Acoustic is on Monday nights and offers an open mic for those with musical talents. I’m assured it is a very friendly crowd that gathers, and everyone is welcome to come and listen or participate. Open until 2am, the Grapefruit moon is the perfect place to grab brunch, have dinner or just a couple of drinks.

If you do take a walk down to the Grapefruit Moon, let them know that you read Wayne’s blog post.

A special thanks to Max Kathryn Smith (Palmerston PS - Gd.4) who helped to take the photos!

The Grapefruit Moon

At the corner of Bathurst and Follis.

968 Bathurst St.

416.534.9056

Discover - Napoli Centrale - Annex - Toronto

Mon, 15 May 2023 19:07:00 GMT

Neapolitan Pizza Right Here in Seaton Village (Follis and Bathurst)

As we are slowly returning to in-restaurant dining and hopefully getting back to a somewhat more normal existence, I thought I would let you know about one of Toronto’s gems. I began this blog post prior to Covid and am finally posting it. Napoli Centrale is a restaurant that makes authentic Naples style pizza (Neapolitan pizza), and it is located right here in Seaton Village at 964 Bathurst St., just south of Follis Ave.

Alessandro’s Story

Alessandro Tarallo, founder of Napoli Centrale grew up in Naples, Italy. He has an incredible understanding of food through his experience working with the family businesses. His family owned a few restaurants and stores that sold food. Alessandro knew the smell of fresh tomatoes and basil like a cabinet maker knows the type of wood being used just by the smell. Food surrounded him as a child and young man growing up in Naples, and he gained an incredible knowledge of food, ingredients and making foods, especially pizza.

In 2005 Alessandro took a trip to Cuba that would change his life. While there, he met Misty, a Canadian, who was also on vacation. It seemed that it did not take very long for Misty and Alessandro to figure out that they belonged together and after the vacation they exchanged many emails and then Misty came over to live in Italy. In 2010, they decided to get married and move to Canada, as it seemed a great place to raise a family.

Bringing Naples to Toronto

Alessandro always knew that one day he would open a pizza shop. While in Canada and craving a good pizza, he searched for an authentic Neapolitan pizza, and although he found great pizzas with excellent quality, he couldn’t find the true authentic Naples style pizza; Alessandro knew it was time to open his own place. He searched all over the city, but eventually settled on the location at 964 Bathurst St. just south of Follis Ave. Alessandro liked that the location was part of a community and in a less built- up part of the city, as he didn’t like the idea of being in amongst skyscrapers. He also liked the physical characteristics of the building itself, which had reasonable space and a charming feel to it. The Annex / Seaton Village seemed a perfect location.

Alessandro and Misty did start their family and today they have a daughter, Sarah who is just 1 ½ years old and a son, Andrea who is 7. I have often seen his wife and son dining at the restaurant and Alessandro's son watching his dad demonstrate mastery of his craft. Alessandro has had many friends and family work at the restaurant and Napoli Centrale certainly has a family feel to it.

The REAL Pizza Debate

Since December 5, 2012, Napoli Centrale has been open and producing authentic Neapolitan pizza. Debate has long raged about who makes the best pizza New York or Chicago. But that follows the even older debate over pizza Neapolitan and pizza Romana. Pizza Neapolitan is thinner and softer in the center with an airier crust than Pizza Romana.

At Napoli Centrale

If you do venture over to Napoli Centrale, you will find a fully stocked bar with 8 or 9 beers on tap, and classic Italian wines. The list of pizzas is classically Neapolitan, but there are a couple of house specials like the Napoli Centrale calzone and the Amalfi smoked salmon pizza. The building itself is beautiful. It has a casual relaxed feeling to it, with exposed brick, wood and the large Neapolitan pizza oven in the open kitchen at the back of the restaurant. The pizzas are made with fresh ingredients right before your eyes. During the warmer months, the large opening windows at the front of the restaurant allow a nice breeze in and provide a wonderful atmosphere for dining.

What makes the pizza at Napoli Centrale so good? Without giving away the whole secret recipe for Alessandro’s Neapolitan pizza, it has to do with authentic fresh toppings, a very hydrated dough and having the right oven. Alessandro’s oven gets extremely hot, and its dome shape allows for a very even heat. The high heat is needed with Neapolitan pizzas since they use such a moist dough. The pizza is cooked quickly and leaves the outer crust airy and a little crunchy, but the centre is a little soft. This is the texture of the classic Neapolitan pizza, and in my opinion …. is so very good.

My Favourites

Just prior to Covid, I was a regular at the restaurant, and if you ventured in you would often see me with my kids sitting at the bar and chatting with Naelton (bartender and server), who was incredibly friendly and was treated like family. I always order a Margherita pizza (basil on half) for my kids. I like variety and try different pizzas each time. I have become quite fond of the Diavola which has smoked provolone, hot soppressata salami and classic tomato sauce. Delicious. While the pizza is amazing, I think the highlight for my kids was the bread that came fresh from the oven with olive oil and balsamic vinegar for dipping. So incredibly good.

My university roommate and great friend, Craig came into town, and we went to Napoli Centrale for pizza and beer. He always raves about it, calling it the best pizza he has ever had. I think he is right. Craig is not alone. There are people who regularly make the trek from Vaughn and Woodbridge to experience Alessandro’s pizza – it’s that good.

“He always raves about it, calling it the best pizza he has ever had.”

Napoli Centrale is proud to call Seaton Village home, and I feel proud to have Alessandro and this great restaurant in Seaton Village.

Napoli Centrale on Facebook

PIZZERIA NAPOLI CENTRALE

964 BATHURST STREET

TORONTO ON M5R3G5, CANADA
(416) 901-6791

Discover - Mr. Nonno Barber Shop - Annex - Toronto

Wed, 15 Mar 2023 19:05:00 GMT

Mr. Nonno Barber Shop at 609 Bloor St. W.

I first wrote this piece back in early 2020, just before the pandemic, lockdowns and the days of attempted self-barbering.

I met Fadel Alokili in 2007. Athough he had been cutting hair for some time in Iraq before coming to Canada in 2006, he was the “new” barber at Gus the Other Barber on Bloor Street. Fadel had a kind, soft-spoken way about him, and I liked him instantly.

Shortly after arriving in Canada, Fadel needed to get his English up to speed, so he enrolled in an ESL (English as a Second Language) course and then found that he would need Canadian credentials to cut hair in as well. So, he enrolled in Marca College, and before you know it, he was working at Gus’s shop where he worked for five years. But more importantly, during that time he met his wife and began a family. He has two boys who are now four and nine years old.

Wanting to stretch out a little bit, Fadel moved to Belo, a hair styling studio that was also on Bloor St. in the Location where Glass Monocle Eyewear is today and just down the street from where Gus’s shop was. After four years at that location, the store was closing, which was well timed, since Fidel had been thinking that he wanted to start his own business.

He searched and found a terrific location on the South side of Bloor near Palmerston which used to be a Laundry Shop. He worked intensely for ten straight days to get the place ready for his first haircuts. His barber shop opened on September 23, 2015, under the name Mr. Nonno, which is what his children called his good friend Frank Savazzi the owner of Frank Custom Tailor – Sewing and Alterations on Dovercourt. Frank and his family took great interest in Fadel when he first came over to Canada and in a sense, Fadel was like an adopted child, and they all became very close. When Fadel met his girlfriend, who became his wife, she was instantly welcomed into Frank's family like Fadel had been previously. They both continued a relationship with Frank’s family and a the nickname for Frank - Mr. Nonno stuck.

Just over six and a bit years later the shop is going strong. Fadel has a couple of other barbers who help during busier times and his customers are always treated with great respect. Fadel somehow managed to weather the pandemic so far with its everchanging rules and is open for business. I wish Fadel all the best and just love the story of Frank’s generosity and kindness towards Fadel and his family. With fair prices and great service, Mr. Nonno is woth a look.

If you do venture down to get a cut from Fadel let him know you read this post.

Mr. Nonno Barber Shop

609 Bloor St. W.

647 768 8121

Discover - Grandmama's Waffles - Annex

Tue, 15 Mar 2022 19:01:00 GMT

Update: Grandmama’s Waffles has Closed

I just wanted to let everyone know about a cool new spot that opened up a few months ago on Clinton, just north of Bloor called Grandmama's Waffles. It's a cool concept - take away waffles. It's not new in the world, as Europe has been doing it for a while according to Rhu Proudfood, owner and brainchild behind the business.

Rhu grew up in Ottawa and then moved to Montreal where he lived for ten years prior to moving to Toronto where he has lived for nine years. In Toronto, Rhu has worked in the film industry and at bikeshare, but when he thought about what he would really like to be doing, it was owning his own business. But why waffles? Well some of Rhu's first and best memories were of making waffles as a child. He also loved the idea of waffles as a take away item that could be eaten on the street as you walked (although there is seating at Grandmamam's).

Vegans and celiacs are in luck at Grandmama's Waffles. They have a dedicated waffle iron for celiacs (as in no flour ever touches this iron). Everything is lactose free as well. Rhu is also formulating a keto friendly waffle. Interestingly, one of the best stories was of the invention of the beer batter waffles. It started at Rhu's grandparent's cottage in the Laurentians. It was the day after a rather fun party, and Rhu said he'd make waffles, but there was no milk….. Hence beer waffles were invented and tasted great too. And he has been making them ever since.

Product offering include fresh made to order waffles, ice cream sandwiches, take home frozen waffles for your family and Grandmama's famous peach iced-tea.

The space is small, but well designed and Rhu is a super friendly and loves what he does. Check out Grandmama's Waffles on Clinton, just north of Bloor. You will be glad you did. Ask about the "Larry Bird".

If you do make the walk down to Grandmama's, tell Rhu that Wayne sent you.

363 Clinton St.

647 781 4828

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Discover - Loop Line - Annex - Toronto

What is with the name Loop Line?

So should you visit Loop Line?

Discover - Grapefruit Moon - Annex - Toronto

Discover - Napoli Centrale - Annex - Toronto

Neapolitan Pizza Right Here in Seaton Village (Follis and Bathurst)

Alessandro’s Story

Bringing Naples to Toronto

The REAL Pizza Debate

At Napoli Centrale

My Favourites

“He always raves about it, calling it the best pizza he has ever had.”

Napoli Centrale on Facebook

PIZZERIA NAPOLI CENTRALE

964 BATHURST STREET

TORONTO ON M5R3G5, CANADA(416) 901-6791

Discover - Mr. Nonno Barber Shop - Annex - Toronto

Discover - Grandmama's Waffles - Annex

TORONTO ON M5R3G5, CANADA
(416) 901-6791