VIJAY GANDHI ,Sales Representative. ONE STOP SMART REAL ESTATE & MORTGAGE SOLUTIONS.™

AGENCY-BROKERAGE-EXPLAINED


 

Agency Relationships

 When working with a REALTOR®, it is important to understand who the REALTOR® works for, and to whom is the REALTOR® legally obligated. The Canadian Real Estate Association (CREA) requires REALTORS® to disclose Agency Relationship to a potential client at the earliest time possible.

 

Agency Relationships

 

Sellers Relationship to Realtors®

Buyers Relationship to Realtors®

A Buyer has a choice of two relationships with a REALTOR®. As a Client, a real estate company acting as a Buyers Agent must do what is best for the buyer. A written contract, called a Buyer Agency Agreement, establishes buyer agency. It also explains services the company will provide, establishes a fee arrangement for the REALTORs® services and specifies what obligations a buyer may have. Under such agency, a buyer will be obliged to work with that company for a period of time. In return, confidence a buyer shares with that company will be kept confidential. The REALTOR® is also required to offer professional advice, negotiate the best price for the buyer and provide the buyer with as much information required to make the right decision.

 

As a Customer the buyer can expect to be treated fairly and honestly. It is important for the buyer to realize that under such a relationship the REALTOR® is technically a sub-agent of the seller so that duties are owed to that seller. However, the buyer can expect the REALTOR® to disclose all pertinent information about a property, not to misrepresent any facts, and to honestly answer all questions about the property. Under such relationship with the buyer, the REALTOR® must not must not imply that they shall negotiate a price for the buyer as that would be a direct conflict with the REALTORs® sub-agency relationship with the seller and a violation of our rules and regulations.

 

 

Sellers Relationship to Realtors®

A real estate company must do what is best for the seller of a property. A written contract, called a Listing Agreement, establishes sellers agency. It also explains services the company will provide, establishes a fee arrangement for the REALTORs® services and specifies what obligations a seller must have.

 

Confidence a seller shares with their REALTOR® must be kept confidential from potential buyers and others. That REALTOR® must tell the seller anything known about the buyer. For instance, if the REALTOR® knows that a buyer is willing to offer more for a property, that information must be shared with the seller.

Sellers Relationship to Realtors®


A seller must understand that a REALTOR® working with a buyer as a sub-agent is ultimately working with the sellers best interest in mind. A REALTOR® working with a buyer, as a Buyer Agent, is working for the buyers best interest mind, but may still be compensated by the seller through provisions made to the Listing Agent. 

 

 

Multiple Representation

Occasionally a real estate company will be the agent for both the buyer and the seller. The buyer and seller must consent to this arrangement in their listing and buyer agency agreements. Under this multiple representation arrangement, the company must do what is best for both the buyer and seller. 

Since the company's loyalty is divided between the buyer and seller who have conflicting interest, it is absolutely essential that a multiple representation relationship be established in a written agency agreement. This agreement specifically describes the rights and duties of everyone involved and any limitations to those rights and duties.

 

INFORMATION FOR BUYER: What to Expect From a Real Estate Professional?  

An Explanation of the Process 

A REALTOR® will not take it for granted that you know all the ins and outs of the buying/ selling process. Instead, he or she will provide you with a full explanation of what to expect and that’s important so you’re not faced with any surprises along the way.

 

What to Expect From a Real Estate Professional

An Assessment of Your Needs

One of the first questions a REALTOR® will ask is, Why are you moving? A REALTOR® will also explore any time constraints you might have (perhaps imposed by the need to relocate for employment), your financial situation and any future plans.

 
A REALTOR® will help you identify what you want in your new residence. A pool? A garage? An extra room? A particular building design? What about the neighbourhood? Proximity to schools or work? A REALTOR® will compare your needs, wants and budget with what is available on the market and make recommendations that save you time and effort. 
 

He or she will also accompany you as you view houses and help you assess their suitability and price. As an expert on a property, a REALTOR® can provide facts on the neighbourhoods, the cost of heating, the condition of the furnace, and so on. In other words, he or she will work with you to achieve your dream.

Access to Properties for Sale

Multiple Listing Service® or MLS® is an exclusive service accessible only through a REALTOR® and it can be a valuable tool. Through MLS®, the details of a wide variety of listed properties are made available to the REALTOR® you work with. That can save you a tremendous amount of time and effort in your hunt for the right home.

If you are interested in learning about what is available on the market please check out my HOME SEARCH TAB, which enables you to preview properties for sale.

Knowledge of Financing Options

REALTORS® have extensive knowledge of the financing choices available to home buyers and there options and obtaining financing at the most attractive prevailing rates and terms. 

 

A Skilled Negotiator

A Skilled Negotiator

REALTORS® are experienced in arranging fair deals. He or she will assist in negotiating an offer, acting as a mediator to head off potential conflicts between you and the seller, and draw up a legally binding agreement.

Honesty and Integrity

 Most real estate professionals in our province are member of the Ontario Real Estate Association (OREA) and only members of OREA can call themselves REALTORS®

When you work with a REALTOR®, you can expect not only strict adherence to provincial laws, but also adherence to a Code of Ethics. And that code is very important to you because it assures you will receive the highest level of service, honesty and integrity.

Highest Professional Standards 

Before receiving a real estate license, candidates must successfully complete an extensive course of study developed by OREA on behalf of the Real Estate Council Ontario. That is only the beginning: in the first two years of practice, licensees are required to successfully complete three additional courses as part of their articling with an experienced broker. In addition, all licensees must continue to attend courses throughout their careers in order to maintain their license.

So now you are Interested in Buying a Home?

So now, making an Offer part

 When it comes time to make an offer you will require current market information and assistance in drafting your offer. You will need a Real Estate Professional. 

A Real Estate Professional will communicate your Offer to Purchase to the seller, or the seller's representative, on your behalf.  Sometimes there may be more than one offer on a property at the same time. A Real Estate Professional can guide you through this process.

Firm to Offer Purchase

Usually preferable to the seller because it means buyers are prepared to purchase the home without any conditions.

Conditional Offer to Purchase 

Usually means there are one or more conditions on the purchase, such as "subject to home inspection", "subject to financing" or "subject to sale of buyer's existing home".  The home is not sold until all the conditions have been met.

Acceptance of Offer 

An Offer to Purchase is presented to a seller who may accept the offer, reject it, or submit a counter-offer.  The counter-offer may be in reference to the price, closing date, or any number of variables.  Offers can go back and forth until both parties have agreed to terms or either side ends the negotiations. 

Making an Offer

 

Real Estate Closing Costs Closing Costs 

Closing costs are a list of charges your lawyer presents to you on the closing date of your home.  Many people are surprised at the additional costs over and above the price of the home.  According to the CMHC and Genworth Financial you should have at least 1.5% of the purchase price for closing costs in addition to the down payment (have around 2.5% to be on the safe side).  The costs vary among provinces and cities.


Below you will find a brief explanation of these costs.  Please note these are some of the closing costs you may encounter depending on your specific situation.  Use this as a guideline then talk with your lawyer who can provide a more realistic estimate for your situation.

Appraisal Fee Generally Required with New Homes

An appraisal provides the lender with a professional opinion of the market value of the property.  This cost is normally the responsibility of the and it can cost between $100 - $300.
Home Inspection Fee Generally Required with Resale Homes

A professional inspection of the home, top to bottom, is for the benefit of the buyer. A home inspection can cost anywhere from $300 - $400 and is well worth the investment.  When hiring a home inspector make sure the inspector has liability insurance just in case they overlook something.

 

Home Inspection Fee Generally Required with Resale Homes

 

Fire Insurance 
Mortgage lenders require a certificate of fire insurance to be in place from the time you take possession of the home.  The amount required is generally the amount of the mortgage or the replacement cost of the home. This cost can vary on the property size, amount of coverage, the insurance company and the municipality. The cost can vary anywhere from $250-$600 annually for most properties.

Provincial Sales Tax on Mortgage Insurance

If your mortgage is insured, (CMHC or Genworth Financial), you will be required to pay the applicable taxes on the insurance premium on closing.  While the insurance premium can be added to the mortgage amount, the tax must be paid at closing.

Land Survey Fee or Title Insurance Fee
A recent survey of the property is usually required by lenders.  If one is not available the cost can range between $600 - $900 for a new survey.  In lieu of the survey most lenders today will accept title insurance which can cost considerably less.

Legal Costs and Disbursements
Lawyers and notaries charge fees for their services involved in drafting the title deed, preparing the mortgage, and conducting the various searches.

Disbursements are out-of-pocket expenses incurred during the process such as registrations, searches, and supplies.

 

Land Transfer Tax
Most provinces charge a land transfer tax payable by the purchaser. The amount varies depending on the province.  Land transfer tax is based on the purchase price.  First time home buyers purchasing a new home may be entitled to a refund.

New Home Warranty
In most provinces new homes are covered by a new home warranty program. The cost to the purchaser for this warranty is approximately $600 and should the builder default or fail to build to an agreed-upon standard the fund will finish or repair the deficiencies to a maximum amount.  For more information on Ontario new home warranty visit http://www.tarion.com.

Land Transfer Tax
 

 

 

 

 

 

 

Elements of an Offer Explained

GST is no longer part of tax system in Ontario & B.C. from July 1st,2010.

 (HST) Harmonized Sales Tax - Transition Rules
 The Ontario government  combined the eight percent Provincial Sales Tax with the five percent Federal Sales Tax, creating a 13 percent Harmonized Sales Tax (HST).
I
n brief The HST will be effective from July 1, 2010.

 

Closing Adjustments

An estimate should be made for closing adjustments for bills the seller has prepaid such as property taxes, utility bills, and other charges.  Any bills after the closing date are the responsibility of the purchaser.  A lawyer will let you know what they are once the various searches have been completed.

 

 

  •  HST will not apply on the purchase price of re-sale homes.

  •  HST would apply to all services related to real estate such as , legal fees, home inspection, Realtor's commissions.

  •  On newly constructed homes, Provincial government is proposing a 75% rebate on the provincial portion of the HST on the first $400,000 dollars.  In effect, vastly reducing the impact of the tax for most people and in effect almost maintaining the status quo.

 For more details on the Harmonized Sales Tax visit the provincial government's website or call them at 1-800-337-7222.

The following chart illustrates Land Transfer Taxes by province.

Land Transfer Tax

Land Transfer Tax
purchasers in most large Canadian centres can add Land Transfer Taxes to their list of closing costs.

 Unless you live in Alberta, Saskatchewan, or rural Nova Scotia, land transfer taxes (or property purchase tax) are a basic fact of life. These taxes, levied on properties that are changing hands, are the responsibility of the purchaser. Depending on where you live, taxes can range from a half a per cent to two per cent of the total value of the property.
Many provinces have multi-tiered taxation systems that can prove complicated. If you purchase a property for $260,000 in Ontario, for example, .5 per cent is charged on the first $55,000, 1 per cent is charged on $55,000 - $250,000, while the $250,000 - $400,000 range is taxed at 1.5 per cent. Your total tax bill? $2,375.00.
 

ONTARIO
 Land Transfer Tax
 
BRITISH COLUMBIA
Property Purchase Tax
Up to $200,000 X 1 % of total property value
From $200,000 up X 2 % of total property value
 
 
MANITOBA
Land Transfer Tax
Up to $30,000 N/A
From $30,000 to $90,000 X .5 % of total property value
From $90,000 to $150,000 X 1 % of total property value
From $150,000 up X 1.5 % of total property value
  
QUEBEC
Transfer Tax
Up to $50,000 X .5 % of total property value
From $50,000 to $250,000 X 1 % of total property value
From $250,000 up X 1.5 % of total property value
 
 
NOVASCOTIA
Land Transfer Tax  
Halifax Metro
1.5 per cent on total property value  
Outside Halifax County  
Check with local municipality 
 

Title Insurance Explained

Protection and Peace of Mind

Title insurance can help ensure that a closing is not delayed due to defects in title. And, if an issue relating to title arises with respect to a risk covered under the policy, the title insurance covers the legal fees and expenses associated with defending the insured's title and pays in the event of loss.

Title insurance is growing in popularity in Canada. But what is it exactly? Should you get it? Do you need it? Whether title insurance is right for you is something you should discuss with your lawyer, as it depends on the circumstances of your transaction. This article will provide you with some background information about title insurance to help you make an informed decision.

Title to Property

Title is the legal term for ownership of property. Buyers want "good and marketable" title to a property - good title means title appropriate for the buyer's purposes; marketable title means title the buyer can convey to someone else. Prior to closing, public records are "searched" to determine the previous ownership of the property, as well as prior dealings related to it. The search might reveal, for example, existing mortgages, liens for outstanding taxes, utility charges, etc., registered against the property. At closing the buyer expects property that is free of such claims, so normally they must be cleared up before closing. For example, the seller's mortgage will be discharged and outstanding monetary expenses (such as taxes and utility charges) will be paid for (or adjusted for) at closing.

Title Insurance Explained

How Long is the Insurance Coverage

Sometimes problems (or defects) regarding title are not discovered before closing, or are not remedied before closing. Such defects can make the property less marketable when the buyer subsequently sells and, depending on the nature of the problem, can also cost money to remedy. For example, the survey might have failed to show that a dock and boathouse built on a river adjoining a vacation property was built without permission. The buyer of the property could be out-of-pocket if he is later forced to remove the dock and boathouse. Or, the property might have been conveyed to a previous owner fraudulently, in which case there is the risk that the real owner may come forward at some point and demand their rights with respect to the property.

 

Who is Protected With Title Insurance

Who is Protected With Title Insurance?

Title insurance policies can be issued in favour of a purchaser (on new/resale homes, condos and vacation properties), a lender, or both the purchaser and lender. Lenders will sometimes require title insurance as a condition of making the loan. Title insurance protects purchasers and/or lenders against loss or damage sustained if a claim that is covered under the terms of the policy is made.

Types of risks that are usually covered under a title insurance policy include: survey irregularities; forced removal of existing structures; claims due to fraud, forgery or duress; unregistered easements and rights of-way; lack of pedestrian or vehicular access to the property; work orders; zoning and set back non-compliance or deficiencies; etc. For a risk to be covered, generally it has to have existed as of the date of the policy. As with any type of insurance policy, certain types of risks might not be covered, for example, native land claims and environmental hazards are normally excluded. Be sure to discuss with your lawyer what risks are covered and what are excluded.

 

The insured purchaser is indemnified for actual loss of damage sustained up to the amount of the policy, which is based on the purchase price. As well, some policies have inflation coverage, which means that if the fair market value of the property increases, the policy amount will also increase (up to a set maximum).

How Long is the Insurance Coverage?

 

In the case of title insurance covering the purchaser, title insurance remains in effect as long as the insured purchaser has title to the land. Some policies also protect those who received title as a result of the purchaser's death, or certain family members (e.g., a spouse or children) to whom the property may have been transferred for a nominal consideration.

I
n the case of title insurance covering a lender, the policy remains in effect as long as the mortgage remains on title. A lender covered under a title insurance policy is insured in the event the lender realizes on its security and suffers actual loss or damage with respect to a risk covered under the policy. Lenders are usually covered up to the principal amount of the mortgage.

The premium for title insurance is paid once (at the time of purchase). Generally speaking, in Canada the purchaser of the property pays for the title insurance, though there can be situations where the seller pays for it. Some policies automatically cover both the purchaser and lender; others will cover both for a small additional fee.

 

Elements of an Offer Explained
There are six key components to the elements of an offer. They are: 

Price Depending on the local market conditions and information provided by me, your Real Estate Professional, the price you offer may be different from the seller's price.

Deposit  your deposit shows good faith and will be applied against the purchase of the home when the sale closes. As your Real Estate Professional I can advise you on an appropriate amount.

Terms  Includes the total price offered and the financing details. You arrange your own financing or ask to assume the seller's mortgage, especially if it has an attractive interest rate.

Conditions  These might include "subject to home inspection", "subject to you obtaining financing", or "subject to you selling your property". 

Inclusions and Exclusions  These might include appliances and certain fixtures or decorative items, such as window coverings or mirrors. These items would remain in the house.

Closing or Possession Date Generally, the day the title of the property is legally transferred and the transaction of funds finalized.

Renting vs. Home Ownership

 

 This is a decision which many people face, and the decision is not as easy to make as it may sound.

 As a homeowner, you can reasonably expect the equity in your home to increase over time as your mortgage is paid down. That, combined with regular appreciation in property values, can be a rapid and rewarding way to increase your net worth. In contrast, the person renting over the same amount of time is left with no property investment but may have enjoyed lower living expenses and the opportunity to invest in other opportunities.When comparing owning to renting, you have to add up all of the figures, including the cost of your home, the size of your down payment, utilities, immediate repairs, interest rates and insurance, and compare them with how much you are currently spending on rent. Of course, you also have to place a value on the enjoyment and satisfaction that you will derive from owning your own home.Tired of renting??????

Renting vs. Home Ownership 
Greater Savings with a Larger Down Payment

 The size of a down payment can vary. Depending on the type of mortgage, down payments generally range from 5% to 20% of the purchase price.

To obtain a conventional mortgage home buyers are required to put down at least 20% of the purchase price or appraised value (whichever is less) as a down payment. If you don't have the necessary time or resources to save a full 20% down payment, you can choose a high-ratio mortgage and buy a home with a down payment of as little as 0%. This option is called a high-ratio mortgage and it requires you to purchase default insurance.
 

Whether you choose a conventional or a high-ratio mortgage, one thing is almost always certain: the larger your down payment, the more you save in the long run.

Want more information? Visit the Canada Customs and Revenue Agency Publication.
Greater Savings with a Larger Down Payment

A larger down payment...Reduces the amount of your monthly principal and interest payment .
Reduces the total amount of interest you pay over the life of your mortgage

 

Ask about the RSP Home Buyers Plan

Ask about the RSP Home Buyers' Plan

The RSP Home Buyers' Plan (HBP) lets a first-time buyer withdraw up to $25,000 from RSPs for a home purchase. The withdrawn amount must be repaid within 15 years, subject to a minimum annual repayment that is 1/15 of the amount withdrawn. If the full $25,000 is withdrawn, the minimum annual repayment is $1,667 If less than the minimum is repaid in any particular year, the balance is added to the taxpayer's income.

 

 

Insuring Your High-Ratio Mortgage

CMHC or Genworth Financial may insure a mortgage for up to 100% of the lending value of the house. Therefore, purchasers do not need a down payment. Eligible borrowers include anyone who buys a home in Canada intending to occupy it as their principal residence.

Purchasers can use up to 32% of their gross family income for payments of mortgage principal and interest, property taxes and heating. A buyer's total debt load (including consumer loans, etc.) cannot exceed 40% of the gross family income.

People who insure a mortgage loan with CMHC or GEMICO pay a premium. The premium is based on the down payment and loan amount. A list of the mortgage insurance premiums can be found here.

Insuring Your High-Ratio Mortgage

 

 

 

 

Cost:
Premiums can be paid up front or added to the principal amount of the mortgage.
Loan Amount:
Up to 0% of the lending value of the house.
Mortgage Term:
To be set by the lending institution.
Max. House Price:
Varies by market.

Want more information? Visit the Canada Mortgage and Housing Corporation or Genworth Financial websites. 

NOW IMPORTANT QUESTION : How Much Can YOU Afford ?

CHECK CALCULATOR  TAB ON THIS SITE.......click here....for answer

Call VIJAY now 647-267-6338   OR    e-mail  vgandhi@remax.net
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Transportation and about Toronto,Ontario  

 

Toronto Pearson International Airport
Toronto Pearson International Airport (TPIA) began operating in 1939 when it was known as Malton Airport. TPIA has grown to become Canada's biggest and busiest airport, and the 25th busiest airport in the world (based on passenger traffic/cargo volume in 1998).

 Toronto International Airport

 The York Region Transit

The York Region Transit (YRT)
The York Region Transit (YRT) web site is a helpful tool for customers, full of information on bus routes, schedules, fares and much more.

The Toronto Transit Commission (TTC)
The Toronto Transit Commission (TTC) is the quick, convenient and safe way to get around Toronto. The subway system is linked with buses and streetcars to get you around Toronto on one fare, provided it's a one-way trip with no stopovers. You can travel on the TTC every day.

 The Toronto Transit Comission

 Durham Region Transit

Durham Region Transit
Durham Region Transit (DRT) is an integrated transit system serving all communities in Durham Region. The service area is divided into West, East, Centre and North service sectors. Door to door transit for disabled passengers is provided by Specialized Services.

GO Transit
GO Transit is Canada's first, and Ontario's only, interregional public transit system, established to link Toronto with the surrounding regions of the Greater Toronto Area (GTA). GO Transit carries 44 million passengers a year in an extensive network of train and bus services that is one of North America's premier transportation systems.

 GO Transit

 Mississauga Transit

Mississauga Transit
Imagine being able to receive a detailed trip itinerary that tells you where and what time to catch your bus, where to get off and transfer, how long your trip will take, walking directions - even schedules for over 3000 bus stops.

The Toronto City Centre Airport ("TCCA")
The Toronto City Centre Airport is located on the doorsteps of Toronto's business and financial centre and the city's thriving commercial, industrial and residential core. Its proximity to downtown Toronto is the main reason business travellers prefer to fly through TCCA. Go to Toronto Island Airport website.
The Toronto City Centre Airport

Brampton Transit

Brampton Transit
Wherever life takes you. Just a quick click is all it takes to locate routes and schedules, fares or news about the Brampton Transit system.

Toronto Buttonville Municipal Airport


Toronto Buttonville Airport is ranked as one of the top ten airports in Canada, employing over 300 people from the environs and housing over 300 aircraft for local residents, businesses and its own aircraft services.

Sports attractions 

 

 Toronto Blue Jays

Toronto Blue Jays
The Toronto Blue Jays are Canada's ambassadors to all the excitement of Major League Baseball. From international stars to towering home runs, the Jays, as they are known in the area, deliver a full entertainment package. Rain or shine, fans can enjoy the game at the newly-renovated Rogers Centre, as the Jays take on their American League East rivals and the rest of the Majors.

Toronto Argonauts
The Toronto Argonauts Football Club is one of the oldest and most storied sports franchises in North America. Football fans in Toronto have had a long list of gridiron legends to cheer on as they've watched Toronto bring home a total of 22 Grey Cup Championships (14 earned by the Argonauts), the most of any city in Canadian Football history.

 Toronto Argonauts

 The Toronto Maple Leafs

The Toronto Maple Leafs
Toronto is considered by many to be the centre of the hockey universe, and the Maple Leafs are a cultural institution in the city, dating back to the 1920s. The city's love affair with the fast-paced, hard-hitting game is perhaps stronger today than ever before. Pubs and restaurants across the city fill up on game nights as the 'Leafs,' as they are affectionately known, take on their National Hockey League opponents.
 

Toronto Raptors
Attending a Raptors game is one of the most exciting things to do in the city. On game nights, the atmosphere in the Air Canada Centre is electric as fans take in the high-flying action and showmanship that only the NBA can provide. Get ready for a spectacle of the highest-calibre basketball, along with halftime shows, music, dancers and a crazy mascot to keep you entertained.

 Toronto Raptors

 Toronto Rock

Toronto Rock
The National Lacrosse League (NLL) has burst upon the North American sports scene to become one of the fastest growing games in town. The Toronto Rock bring the hard-hitting action to their Toronto fans every game night from the Air Canada Centre in downtown Toronto. The Rock have achieved tremendous success in their short history, and fans have responded with great support. Come see what all the excitement is about!
 

Attractions TORONTO

 

Toronto is a dynamic, cultured and prosperous city situated on the northwest shore of Lake Ontario. It is the largest urban centre in Canada and the economic engine of the country. According to the United Nations, Toronto is the world's most ethnically diverse city. It is home to people from 169 countries and 80 ethnic groups who speak more than 100 different languages. Despite the challenges that accompany any big city, Toronto is known for being remarkably safe and liveable for people from all walks of life. The city is made up of many distinct neighbourhoods that offer a very strong sense of community to residents and visitors alike. A diverse economy and a flourishing arts scene mean that there is something for everyone in Toronto.

Toronto Attractions

 

Rogers Centre
Rogers Centre (formerly SkyDome) was the world's first multi-purpose retractable domed stadium. Crouched beside the soaring CN Tower, its round silhouette forms an unmistakable part of the Toronto skyline. Located minutes from Union Station in downtown Toronto, Rogers Centre is home to the Toronto Blue Jays baseball team and the CFL's Toronto Argonauts. The popular venue also plays host to large concerts, trade shows and other major events. 

 Rogers Centre

 

The Toronto Zoo

The Toronto Zoo
The Toronto Zoo is one of largest zoos in the world, covering over 287 hectares (710 acres). The zoo has over 5,000 animals, representing more than 460 different species. In addition to many children's exhibits and activities, there are over 10 km of walking trails for visitors to navigate through.  

 

Ontario Place
Ontario Place is an internationally acclaimed cultural, leisure and entertainment complex located on three man-made islands along the Lake Ontario waterfront. It features a large concert venue, as well as a wide array of rides, exhibits and activities for children and adults. Cool down at the water park, test yourself in mini-putt golf or thrill your senses with a legendary IMAX screening at the famous Cinesphere.  

 Ontario Place

 

 Canada's National Tower (CN Tower)

Canada's National Tower (CN Tower)
Defining the Toronto skyline, the CN Tower is Canada's most recognizable and celebrated icon. At a height of 553.33m (1,815 ft., 5 inches), it is the World's Tallest Building, an important telecommunications hub, and the centre of tourism in Toronto. Each year, approximately 2 million people visit the CN Tower to take in the breathtaking view and enjoy all the attractions it has to offer.
 

 

Paramount Canada's Wonderland
Paramount Canada's Wonderland Paramount Canada's Wonderland is Canada's premier theme park. It features over 200 attractions, including 65 rides, exciting live events, a 20-acre water park and North America's greatest variety of coasters. Located off Highway 400 north of Toronto, it offers plenty of options for thrill-seekers and families alike.

 Paramount Canada's Wonderland

 

 Toronto Theatres

Theatres
Toronto has a diverse and lively performing arts scene, with some 75 productions on stage each month. There is truly something for every taste - glittering Broadway musicals, mid-size dramas, stand-up and sketch comedy, opera, dance, symphonies and festivals to satisfy even the most devoted theatre-goer. Toronto is the third-largest theatre centre in the English-speaking world, after London and New York City. 

 

Air Canada Centre (ACC)
Toronto's Air Canada Centre is a state-of-the-art sports and entertainment facility. The ACC, as it is commonly known, is the home to the NHL's Toronto Maple Leafs, the NBA's Toronto Raptors and the Toronto Rock of the National Lacrosse League. In addition to housing professional sports teams, the ACC hosts some of the biggest events that happen in the city, including major concerts and shows. It is located in the heart of downtown Toronto, just steps from Union Station.

 Air Canada Centre (ACC)

 

 Ontario Science Centre

Ontario Science Centre
The Ontario Science Centre pioneered the concept of interactive science museums, and has attracted 37 million visitors since opening on September 27, 1969. A favourite of students of all ages, it has displayed a wide variety of fascinating exhibits covering all branches of science as well as explorations of behavior, technology and the universe. While also playing host to many international exhibits, the Centre is a leading developer of interactive exhibitions for science centres around the world. It is currently undergoing a $40 million renovation and expansion. 

 

Centreville Amusement Park
Centreville Amusement Park is located on the islands that jut out into Lake Ontario just south of Toronto's city centre. Ferries from the mainland shuttle visitors across Toronto Harbour to the islands every 15 minutes. Stroll around and admire the view from over 600 acres of parkland, or take advantage of over 30 rides and attractions and a variety of food outlets.

 Centreville Amusement Park

 

 Art Gallery of Ontario (AGO)

Art Gallery of Ontario (AGO)
Founded in 1900 by a group of private citizens, the Art Gallery of Ontario is now one of the ten largest art museums in North America. The AGO currently has more than 40,000 works in its collection, documenting over 2100 years of human creativity. It also houses major traveling exhibits from around the world. A complete transformation of the gallery has begun, designed by renowned Canadian architect Frank Gehry, which will thrust the AGO into the world spotlight when it opens in 2008.

 

Fort York
Historic Fort York was the location of the Battle of York during the War of 1812. It is very well-preserved and now offers a fascinating re-creation of what a soldiers life would have been like 200 years ago. It is designated as a National Historical site, and offers tours and full-costume demonstrations that take visitors back to a time when Toronto was in its infancy.
 

 Historic Fort York - The Birthplace of Toronto

 

 Canadian National Exhibition

Canadian National Exhibition (CNE)
The CNE is the largest annual fair in Canada and one of the most cherished Toronto traditions since 1879. Every summer during the second half of August it takes place by the shores of Lake Ontario just west of the downtown core. Always a favourite family activity, it features all kinds of games, rides, shows, special events, demonstrations, performances, food and shopping.

 

About ontario
Capital: Toronto
Motto: Ut Inceptit Fedelis Sic Permanet (Loyal it began, loyal it remains)
Flower: White Trillium
Population, 2008: 12,929,000 

The Land

 The name "Ontario" comes from the Iroquois word "Kanadario" meaning "sparkling water." The name is fitting: not only is Ontario bordered on the south by the Great Lakes and on the north by Hudson Bay, but 177 390 km2, or one sixth of its terrain, is covered by rivers and lakes. Ontario is larger than Spain and France combined. The province has a landmass of 1,068,580 sq km and is the 2nd largest province in Canada. At its greatest extremity Ontario is 690 km in width. the longest distance north/south is 1,730 km. The highest point, at 693 m above sea level, is in the District of Timiskaming, near Lady Evelyn Smoothwater Provincial Park. 

The People 

With over 11 million people, Ontario is the country's most heavily populated province. While English is the official language, Ontario's Francophones play an essential part in the province's cultural life. The provincial government provides services in French in those regions where the Francophone population is sufficiently high. 

Economy 

Ontario is Canada's most productive province, generating some 40 percent of the country's gross domestic product (GDP). Its manufacturing industries lead the way. Ontario's competitive advantages include its natural resources, modern transportation system, large, well-educated labour force, reliable and relatively inexpensive electrical power, and proximity to key U.S. markets: less than a day's drive puts Ontario's products within reach of 120 million American consumers. Automobiles are Ontario's major manufacturing industry and most important export, employing more than 140 000 people. Motor vehicles, parts and accessories accounted for 37% of Canada's total exports in 1998. 
 *Columbia Encyclopedia, Sixth Edition, Copyright (c) 2008.   

 

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