June 2021 - Delsuites' Blog
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June 2021

Business Travel, Real Estate Agents, Toronto Condos

5 Things to Consider When Choosing Between Renting and Buying

June 30, 2021
buy or rent

You may have heard the advice that rent is “dead money” and that you’re throwing your money down the drain if you’re not making a mortgage investment. 

But due to how houses have experienced a drop in affordability in the past few decades, buying one isn’t an easy option. 

Also, a certain level of what people call “dead money” is even associated with having a mortgage. 

So, the debate on whether to rent or buy is very complex from a financial perspective. And it can get a bit confusing which one to choose.

Are you trying to decide which decision is right for you? Read on for a side-by-side comparison of their pros and cons to help you know whether renting or buying is best suited to you.

Flexibility vs. Stability

With mortgages, you receive financial penalties for breaking it by moving and you have to pay taxes to sell your property. But with renting, you can move after your initial lease is over, which is typically after 12 months. 

This benefits you if you’re thinking of moving any time soon or want to have the flexibility to move at any point in your life rather than committing to one place.

On the other hand, when you own a home, you can always have peace of mind that you’ll never get suddenly evicted. Also, you’re in charge of making all the decisions about your home – not your landlord. Want to renovate it or add the ensuite you’ve always wanted? Go ahead. 

Buying a Cheaper Apartment vs. Retaining Capital Gains

Monthly mortgage payments can be higher than the cost of rent – at least in the beginning.

By and large, it’s usually cheaper to rent. But this heavily depends on where you choose to live.

Another thing to consider is that when you rent, you don’t retain capital gains. But if you own a home, you’ll pocket the additional equity if the value of your home increases. 

And if you choose to sell it in the future, you’d realize the capital gains.

Access to Alternative Investments vs. A Simple Investment

Renting your home doesn’t mean you can’t make investments to benefit you in the future. Since you’ll likely save money by renting, you can invest what you’ll save into stocks, a GIC, or starting your own business.

On the other side of the coin, owning a home is a simple investment into your future, which is one of the things that makes it so attractive to some people. Once you’ve paid it off, it’ll be a guaranteed asset. And you don’t have to spend time worrying about the uncertainty of stocks or bonds. 

Having More Disposable Income vs. Building Up Equity

Homeowners take on a considerable amount of debt, which may hinder them from investing elsewhere, such as RRSPs or TFSAs. In some cases, homeowners may even find that they have to spend most of their income on the costs of homeownership. 

But with renting, you can have more financial freedom. So, you can save up for retirement and have more money left over for other needs and wants. 

On the other hand, every monthly payment you give towards your mortgage helps you build equity on your home. And the amount of interest you have to pay will decrease over the years. 

Less Maintenance vs. More Privacy Without a Landlord

The benefit of renting a property from a landlord is that you’re free from all the hassle of its daily maintenance and upkeep. 

Although you still have to pay for repairs, your landlord is the one responsible for maintaining your home. This saves you more time and not to mention, extra costs. 

But the downside to this is that while you’re living on their property, they’re in charge. And you wouldn’t want to deal with a landlord policing your actions or a surprise eviction notice.

DelSuites Has the Perfect Rental You’re Looking For

Are you considering choosing a rental but don’t know where to start looking? Or are you waiting to close a deal on a new house and need to vacate your current property before the closing date? 

Whatever your need is, we have the right rental for you. We have apartments and condos, as well as short-term rentals and leases. We also have furnished and serviced options.

And with all our locations in Mississauga, North York, Scarborough, and many more cities, you can choose the location that’s best for you. 

Ready to get started? Browse through our numerous options to find the rental that’s best suited to you today.

Business Travel, Fitness and Health, Toronto Condos, Toronto Family Travel

How to Be Motivated and Stay Active While Working from Home

June 23, 2021
exercise at home

These days, we’re not moving around as much. Due to the pandemic, many of us are working from home. So, instead of commuting to our workplaces, walking upstairs, or moving around the office, we’re spending most of our time at our desks, in front of a computer screen.  

It’s important to maintain an active lifestyle, especially during a pandemic – when we need to boost our immune system to avoid getting COVID and combat its spread. 

But it’s hard enough to be motivated to stay active under normal circumstances. And it’s even harder when we can’t go to a gym or physically attend group workout sessions like we’re used to.

Are you unmotivated to exercise at home? Do you feel tired of always doing the same workouts? Read on to find out how you can make your workout routine more interesting and varied, even while working from home.

Follow an Exercise Class Online 

There are more online exercise classes available online than ever, so you can take advantage of this broad selection of online classes. Find the one that’s right for you – whether it’s a more relaxed cardio workout or a more intense weightlifting tutorial. 

Many of these classes are available for free on YouTube. So, you can easily access them right from your home. Just put on a video, and you’re in a virtual class.

For example, Yoga with Adriene is trusted by her 9 million-plus subscribers to give a soothing, relaxed approach to yoga that will leave you feeling completely refreshed.

Keep in mind that if you don’t have a lot of experience performing these exercises, you should try to be careful and know your own limitations.

Add New Exercises and Equipment to the Mix 

Doing the same exercises day in and day out can cause us to end up in a fitness rut. Do you need to reinvigorate your routine or want to stretch your body’s limits? Add something new to your routine to mix it up. 

If you tend to stick to running, try building your strength by incorporating more weightlifting into your routine. Or if you strictly use the same weights, challenge yourself by adding more weight.

On the other hand, you may already be big on weightlifting but not so keen on doing cardio. If so, try spending more time running or biking to train your body in different ways. You could even add a new cardio machine to your home like a rowing machine, a stepmill, or an air bike. 

Get Creative With Your At-Home Exercises

In order to motivate yourself to work out, it’s always important to be able to pinpoint the reason you’re not feeling motivated. That way you can know the best way to increase your motivation. 

Here are a few interesting and creative solutions to get you motivated to stay active:

 

  • Have a virtual workout session with friends: Do you miss being in an environment where you can work out with others? Do you need that motivation you can only get from working out with someone else? Have a video call with a friend while working out and motivate each other to get through each workout.
  • Play sports with your family: Are you looking for a more fun way to get moving while working from home? Why not encourage your family to get active, too, by playing active games or sports like soccer with them. 
  • Design a circuit workout in your own home: Doing the same workouts in the same room each day can get boring and difficult after a while. Consider coming up with a circuit workout where you do different activities in each room. A few workouts you could do are jumping jacks, burpees, and lunges. 

 

DelSuites: Stay Active on Your Business Trip or Vacation Using Our Exercise Amenities

DelSuites makes it easy for you to stay in shape when staying at one of our locations. All of the buildings include fitness centers. However, keep in mind that they are currently closed due to COVID-19.

If you’re going on a business trip or vacation or just need a place to stay for a while while you’re transitioning from one house to another, you can rent or lease one of our short-term rentals. 

Find one of our rentals wherever you need to go – with locations spread out across Downtown Toronto, Etobicoke, Markham, and more. Find the rental that suits your fitness needs today.

About me, Announcements, Giving Back

DelSuites Working Together with the City of Toronto

June 22, 2021

DelSuites exists because we believe cities are communities—and the best hospitality, whether you’re traveling, recovering from crisis, or new in town, is living right inside our community. In April 2020, COVID-19 made working together more important than ever. So when DelSuites heard about two chances to help our neighbours most in need—newcomers and Torontonians without homes—as DelSuites president Dan Henderson said, “We jumped at the opportunity.”

All the Fundamentals for a Home

In April 2020, the City of Toronto embarked on a huge, life-saving effort to help Torontonians sleeping on streets and in shelters find safe temporary homes—and prevent the spread of COVID-19. The DelSuites team immediately reached out to Mayor John Tory, Deputy Mayor Ana Bailao, and city staff to see where our expertise could make a positive difference.

What City leadership told us they needed was the things that make a house into a home: our specialty.

So in April 2020, DelSuites donated approximately 22-25 entire apartments’ worth of furniture (valued at $120,000) to two programs: the emergency housing effort, and the Transitional Housing Program for Newcomers to Toronto, which temporarily hosts new Torontonians until they can find permanent homes.

Program participants will receive everything they need to not just use their new space, but leave the stress of not having a stable home behind. They’ll walk in to find everything a home needs, from beds, couches, and kitchen tables to dish towels, sheets, and cutlery.

For newcomers to our city, we’ve contributed furniture that’s theirs to keep when they move to their first permanent Toronto homes. Furniture can be a serious expense for families restarting their lives in a new country, and this substantial donation will let our new neighbours spend their first months here building bright futures, knowing their community is here for them.

For Torontonians without homes, we’ve donated full apartment sets of furniture to fill some of the 250 supportive housing units built. This pilot project is the first in a bold new approach to reducing homelessness in Toronto, and we’ve donated furniture that will turn the bare walls of a new house into the kind of comfort, security, and dignified style we’d all hope to come home to.

The modular units that opened in September 2020, people who started sleeping in shelters and on streets moved into permanent, stable housing—and can focus on health, happiness, and rebuilding their lives.

More recently in June 2021, DelSuites donated an additional 13 furnished suites with a face value of 55K to shelters, supporting the City of Toronto Rapid Rehousing Program

Every piece we’ve provided is durable, modern, stylish, and comfortable, so our neighbours can confidently open their new homes to friends and family—and keep that cycle of hospitality and stability going.

“Not only is it a worthy cause, but it’s an important one. We need to do everything we can to give a comfortable accommodation experience to the people who need it the most in this time of crisis, we hope our contribution makes a difference to these families and our community.” — Dan Henderson, President of DelSuites.

Living the Values of Hospitality

This past year has been a difficult time for the hospitality industry, but in hard times, communities pull together. DelSuites is proud to have partnered with the City of Toronto to help provide comfortable, stable homes for the people who need it most in our city.

We’re glad to have the opportunity to make a positive impact, and underline the belief that’s at the core of why we provide comfortable, community-based, flexible accommodations—homes away from home—every day of the week.

That a little thoughtfulness goes the extra mile, that a comfortable place to sleep at night matters, and that providing good hospitality starts at home—and as part of the community.

Toronto Condos, Toronto Family Travel

Cooking With Kids: All the Basics You Need to Know

June 18, 2021
cooking with kids

Cooking With Kids: All the Basics You Need to Know

We’ve all been on lockdown for quite some time. Are your kids stuck inside? Have they started to get restless to do something? Now is the best time to teach them to cook and help them productively gain this skill.

You can take this opportunity to start them off young and teach them a skill that will benefit them later on in life. 

But you may have a lot of questions. You may be wondering what the actual benefits of teaching your kids how to cook actually are. Or maybe you don’t know what a safe age is to start letting them cook. 

Read on to learn why you should teach your kids how to cook, where to start, and more.

The Benefits of Teaching Your Kids to Cook

There are many benefits to teaching your kids how to cook that may not be apparent at first. Here are the ways that teaching them this skill can help them gain life skills and can aid their development:

 

  • Helps them learn math concepts at any level: At the start of every recipe, there’s an ingredients list with various units of measurement. Cooking leads them to learn how to read these units of measurement. It also lets them practice applying math skills, such as multiplying to double a recipe for older children or counting out cups of ingredients for younger ones.
  • Helps them improve their reading and comprehension skills: Cooking with a recipe can help small children who are learning to read and identify words. And older ones can practice reading comprehension by learning to comprehend complex recipes. 
  • Practice their fine motor skills at any age: Regardless of your child’s age, cooking can be an excellent way for them to improve their fine motor skills. Younger kids can practice new fine motor skills to help them when they need more advanced skills later on, including writing, drawing, and using scissors.  

 

How to Teach Children to Cook at Different Ages 

Whatever age your child is, you can start teaching them to cook to help them gradually learn how to perform various tasks in the kitchen. 

Here are the cooking activities you can teach your kids at each age level:

 

  • 2-3 years old: You can get your toddlers involved in the kitchen while supervising them. Focus on having them perform basic tasks. They’ll be able to squeeze lemons, use the salad spinner, and gently stir ingredients.
  • 4-5 years old: They have more motor skills and can focus on longer tasks. So, you can have them do many of the same tasks you’d have them do if they were younger but with more independence. These can include stirring independently, setting the table, and greasing pans (with your help).
  • 6-7 years old: At this age, they can start doing more detailed work in the kitchen. But they still need a lot of help and guidance. Remind them where to keep their fingers to safely grate and peel food.
  • 8-9 years old: You can start teaching them cooking activities that they’re interested in. Use your discretion to determine whether or not they’re already mature enough to use the stove. But if not, they can still make easy toaster oven recipes.
  • 10-12 years old: Once they’ve learned the basic kitchen skills, they can work more independently in the kitchen. You can even let them do basic stove tasks. For example, they can make scrambled eggs or flip pancakes. 

 

Foods You and Your Kids Can Enjoy Cooking Together

Here are a few recipes that can get your kids involved in the kitchen and are fun to make:

  • Strawberry SunButter Bites are great for helping your kids practice their fine motor skills as they spread and roll the ingredients.
  • Yellow Rice Cakes let kids have fun mixing the ingredients before you cook them.
  • Your kids will love being able to choose the toppings for these Whole Wheat Pizza Bagels. And it can give older kids experience using an oven.

DelSuites: Enjoy Cooking with Your Kids in a Fully Furnished Rental 

Planning on going on a vacation with your family? Need a place to stay while you transition from your former home to a newly purchased one? Want to rent a condo in a family-friendly neighbourhood? DelSuites has a rental for you.

Our furnished rentals and serviced apartments let you use our amenities to cook in the kitchen with your kids. Have fun cooking with them and don’t miss an opportunity to let them practice their skills. 

Whether you’re looking for a short-term lease or condo for a longer period of stay or a short-term rental, we’ve got you covered with our family-friendly options. Start browsing our rentals today and find one that’ll truly feel like home.

Toronto Family Travel, toronto toursim

Outdoor Activities You Can Enjoy in Toronto During the Pandemic

June 14, 2021
toronto outdoor activities

The problem we face is that the COVID pandemic has been going on for over a year, but we still need to travel or feel like we’re getting away from our routine, everyday lives. But there is a way to still do this: plan a getaway to Toronto.

Whether you go on a staycation or a business-related trip, you can enjoy the perfect stay in Toronto, taking advantage of countless options for COVID-friendly outdoor activities. Here are the ways you can enjoy the natural, beautiful side of Toronto, even during the lockdown. 

1. Go on a Relaxing Stroll or a Hike

Want to escape from the business of life and immerse yourself in nature? There are numerous walking and hiking trails spread out all across Toronto, so there’s sure to be a trail to suit you. You could take an easy 20-minute stroll at the Glen Stewart Ravine (located just south of Kingston Road and north of Woodbine Beach) or challenge yourself with a 9-km hike on the Beltline Trail (located all across Eglinton West). 

Looking to get close to the Beltline Trail? Then you’ll want to stay in the Republic as it’s only a short drive away. What about the Glen Stewart Ravine? We recommend either our James Cooper Mansion or Ten York locations.

Relieve your stress and relax in a peaceful, natural environment. Go to a trail in Toronto to experience its beautiful landscape, such as its lush forests and tranquil rivers.

2. Take a Trip to the Beach

Even though many recreational attractions are closed, Toronto’s beaches are still open. And they can help you take some time to unwind and get outside in the summer. 

Take a refreshing swim at one of Toronto’s swimming beaches, like Cherry Beach, build sandcastles with your family, or enjoy a picnic in the sun. You could even simply walk along the beach while taking in the sights.

Want to soak up some sun or lounge on a beach seat under the shade of an umbrella? With its visually pleasing pink umbrellas and white sand, Sugar Beach is just the right place. It’s also a popular site to visit in the winter when it’s topped with soft white snow.

3. Visit Nature Parks

During the pandemic, everyone is spending a lot more time indoors than they’re used to. If you’re missing being outside and want to get some fresh air at a park, Toronto has a lot to choose from. 

At a park, you could spend some time outdoors with your family or see your friends in person while socially distancing. Have a picnic, walk through gardens, or go on short trails.  

High Park is a popular choice that offers a wide variety of activities, including a small zoo. It’s also famous for being a park where you view the cherry blossoms in bloom in the summer. 

4. Walk Through a Public Garden

Toronto’s outdoor public gardens, such as community and allotment gardens, are also open. 

Stroll through them while admiring trees and attractively arranged flower beds. Take pictures in beautiful settings, such as the small bridges in Edwards Gardens. And take a moment to pause and sit on a bench while admiring your surroundings in the Toronto Music Garden

Stop and smell the flowers during your business retreat or vacation from work. 

5. Take Advantage of Outdoor Recreational Amenities

Although COVID restrictions are constantly evolving, certain recreational amenities, including playgrounds and dog off-leash areas, are currently open. Take advantage of the opportunity to get outside and use these amenities. 

Taking your kids to the playground can also help them get moving and be active instead of being cooped up at home. 

If you go to High Park, you could take your kids to Toronto’s largest playground, the Jamie Bell Adventure Playground, or give your dogs a feeling of freedom at the High Park Dog Off-Leash Area

DelSuites: Have the Perfect Stay in Toronto

Here at DelSuites, we understand that you may need to get away during this difficult pandemic. That’s why we’re here to give you the most pleasant stay possible at one of our luxurious, beautifully furnished, and spotlessly clean units. 

And with 7 locations spread out across Downtown Toronto, you can have countless outdoor activities waiting at your doorstep. 

Our fully trained cleaning staff also follow additional cleaning regimens so you can enjoy a safe stay and have peace of mind. 

Get a change of pace without needing to get out of town. Browse through our collection of curated short-term rentals in downtown Toronto today.