NORTH YORK, TORONTO, ONTARIO INFORMATION & REAL ESTATE & LOCAL SERVICES

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North York, Toronto, Ontario

North York is located in the northern half of Toronto Ontario, with a population of 624,610 (2006 Census). While North York is still a suburb, with new developments North York is gradually resembling a smaller version of downtown Toronto. Many large corporations have head offices, or have built their own office towers in the area—Proctor & Gamble, Nestle Cadbury Adams, Lindt, Equifax, and Xerox for example.

Notable amenities located in North York are: Yorkdale Shopping Centre, Fairview Mall, York University, and Osgoode Hall Law School.

(Pictured here: North York (red), a municipality of Toronto (orange))

Demographics, North York Ontario (Cenus 2001)

       
Immigration Characteristics
Total
Male
Female
Total - all persons
603,060
288,055
315,005
Canadian-born population
252,860
123,600
129,255
Foreign-born population
337,780
158,640
179,140
   Immigrated before 1991
183,610
85,260
98,345
   Immigrated between 1991 and 2001
154,170
75,375
80,800
Non-permanent residents
53,715
5,820
6,605

 

Important Information About Your Rates


Effective July 1, 2008 you will begin to notice an increase in your gas bill. The Ontario Energy Board approved changes to the rates Union Gas charges its customers. For most customers the total increase will amount to $254.99 based on an annual volume of 2,600 m 3.

The gas commodity rate has increased by 7.3112 cents/ m 3. This change reflects the increase in Union Gas forecast cost to purchase natural gas for the next 12 months.

In addition, the change in the gas price adjustment is an increase of 2.0276 cents/ m 3. This change reflects the difference between the projected cost of natural gas that Union Gas expects to pay and the amount that Union Gas expects to recover through the current gas commodity rate over the next 12 months.

The gas rate is adjusted this way so that you are billed at a rate that more closely reflects the market price of natural gas and avoids large out-of-period adjustments.

The transportation rate has increased by 0.4676 cents/ m 3 to 3.5148 cents/ m 3. Delivery price increased slightly by 0.0224 cents/ m 3.

Don't Be Alarmed, I.D. Required

As of June 23, 2008, your REALTOR® will have to ask for identification, as in picture I.D. In June 2007, the federal government approved amendments to regulations under the Proceeds of Crime (Money Laundering)and Terrorist Financing Act (PCMLTFA). The amendments, which come into effect on June 23, 2008, are designed to broaden the scope of record keeping and reporting requirements. This means that real estate salespersons and brokers will have new obligations under the PCMLTFA.

Requirements as of June 23, 2008 will include a receipt of funds record for all transactions regardless of the amount of funds received (unless funds are received from a financial entity or public body). In addition, a client identification record will be required to be completed with respect to every purchase and sale regardless of the existence of a cash deposit. Salespersons and brokers will be required to verify and record the identification of each client involved in a particular sale.

Rent Increase Guideline

The Ontario Government has set the rent increase guideline at 1.8% for 2009.

Feature Story

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The word REALTOR® is a registered trademark owned in Canada by REALTOR® Canada Inc., a subsidiary of the Canadian Real Estate Association. Only members of the Canadian Real estate Association have the right to use the trademark and in strict accordance with the rules and only to identify membership in this association. The word Realtor®: is a registered trademark in the United States and only members of the National Association of Realtors®: are permitted to use and spell (upper case and lower case) the word. This is a Canadian site offering information, the word REALTOR® intended use is that of a member of the Canadian Real Estate Association. The owner of the site is a member of the Canadian Real Estate Association. If you would like further information please contact.

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