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Real Estate Forecast for 2018: What to Expect!

Real Estate Forecast for 2018: What to Expect!

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Real Estate Forecast for 2018: What to Expect

As we head into a new year, the most common question we receive is, “What’s the outlook for GTA’s real estate in 2018?”

 

It’s not just potential buyers and sellers who care; current homeowners also want reassurance about the value of their investment. No one knows exactly what 2018 will bring, but we’ve outlined expert predictions on where the market is headed and how government interventions are expected to impact the Canadian housing market in the year ahead.

HOUSING PRICES WILL REMAIN HIGH IN URBAN CENTRES

Although the Toronto real estate market did experience a slowdown in 2017, housing affordability will remain a major issue in both Toronto and Vancouver in 2018. According to the Royal Bank of Canada’s most recent Housing Trends and Affordability Report, as of Q2 2017 it cost more than 75 percent (Toronto) and 80 percent (Vancouver) of median household income to cover the average cost of owning a home.1

In an effort to stabilize prices, both the Ontario and British Columbia governments enacted a 15 percent tax on foreign investments in housing. However, according to the PricewaterhouseCoopers report on Emerging Trends in Real Estate: Canada and the United States 2018, “Industry players are skeptical that recent tax moves … to curtail foreign investment will have a long term cooling impact on housing affordability in Toronto and Vancouver.”2

In its Canadian Regional Housing Outlook, TD Economics predicts ”The decline in sales activity in both Vancouver and Toronto has helped to redistribute the balance of power from a pure seller’s market, back towards buyers, as evidenced by the sales-to-listing ratios. But, first-time homebuyers sitting on the sidelines waiting for higher interest rates to trigger a market crash may be holding their breath for a while. Prices are likely to only reset back to levels that existed prior to a year of exorbitant gains.”3

The high cost of living has forced a growing number of millennials to seek alternatives to traditional housing. The 2016 census found 47.4 percent of young adults in Toronto and 38.6 percent in Vancouver live with a parent. PricewaterhouseCoopers predicts a rise in multi-generational and multi-family homes, a move towards larger condominiums to suit growing families, and a flight from urban cores as new public transit projects make commuting more feasible.2

What does it mean for you? If you’re a current homeowner, you can expect your investment to hold its value and continue to appreciate over the long term. And if you’re considering selling this year, contact us to request a free Comparative Market Analysis to find out how much you can expect your home to sell for under current market conditions.

If you’re a potential buyer who has been waiting for real estate prices to drop, don’t expect a fallout any time soon. Governmental bodies have taken steps to slow down skyrocketing prices, which has helped to balance the market. Now is a great time to buy. And if traditional housing options don’t fit your budget, we can help you find alternatives to meet your needs.

GOVERNMENT INTERVENTIONS WILL HELP TO STABILIZE THE MARKET

Skyrocketing real estate prices have caused Canadians to take on a growing amount of debt. The federal Parliamentary Budget Office (PBO) reports that the average household indebtedness is up to 174 percent of disposable income, and they predict it will reach 180 percent by the end of 2018. Coupled with rising interest rates, the share of income that will go towards debt payments is expected to reach historic proportions.4

Regulators at the Office of the Superintendent of Financial Institutions (OSFI) have attempted to curb the potential fallout with interventions, the latest of which went into effect on January 1. These new regulations raise the requirements for mortgage borrowers with down payments of 20 percent or more. They are now required to qualify for a mortgage at an interest rate two percentage points higher than their current rate to ensure they can manage payments when interest rates do inevitably rise.

A similar “stress test” was enacted in 2016 for borrowers who put down less than 20 percent, but that regulation impacted a much smaller percentage of buyers.

According to Jeremy Rudin, the head of OSFI, “We clearly see the potential risks caused by high household indebtedness across Canada, and by high real estate prices in some markets. We are not waiting to see those risks crystallize in rising arrears and defaults before we act.”5

All federally regulated financial institutions will be obligated to utilize these requirements for both new mortgages and mortgage renewal applications of borrowers applying to switch lenders. It is not mandatory to apply the test at mortgage renewal for existing borrowers. Since credit unions are regulated provincially, they are not required to follow the new OSFI rules, although some may choose to out of prudency.

What does it mean for you? With new rules in effect, if you’re a buyer, your purchasing power may be impacted. If you’re concerned you may not be able to meet these requirements, securing your mortgage through a credit union may be an option. We are following this issue closely. Give us a call so we can discuss how these new rules will affect your home search.

If you’re considering selling your home this year, these regulations could alter the type of buyer who will be willing and able to purchase your home. We have expertise in this area and know how to market your home to a changing demographic.

5 YEAR MORTGAGES WILL MAKE A COMEBACK

Expect interest rates to rise in 2018. Bank of Canada has indicated that borrowers should expect to see rate increases this year … and notably, nearly half of Canadian mortgage holders are set to renew their mortgages in the next 12 months. Combined with the new, more stringent “stress test” requirements, a greater number of homeowners will be opting for five-year-fixed rate mortgages over the historically popular variable rate mortgages.6

According to LowerRates.ca, “Since January 2014, 56% of Canadian borrowers who applied for a mortgage through LowestRates.ca have gone variable, compared with 43% of those who got a five-year fixed. But this past August, there was a shift, where the five-year-fixed rate mortgage saw a sharp increase in applicants, with 59% of users on the LowestRates.ca site opting for this option versus only 39% opting for the variable mortgage.”7

What does it mean for you? If you’re in the market to buy, act now. Rising interest rates will decrease your purchasing power, so act quickly before interest rates go up. Give us a call today to get your home search started.

And if you’re a current homeowner who is set to renew your mortgage, you may want to consider locking in a five-year-fixed rate. Contact us if you would like assistance navigating your options.

 

 

2018 ACTION PLAN

If you plan to BUY this year:

 

1.    Get pre-approved for a mortgage. If you plan to finance part of your home purchase, getting pre-approved for a mortgage will give you a jump-start on the paperwork and provide an advantage over other buyers in a competitive market. The added bonus: you will find out how much you can afford to borrow and budget accordingly.

2.    Create your wish list. How many bedrooms and bathrooms do you need? How far are you willing to commute to work? What’s most important to you in a home? We can set up a customized search that meets your criteria to help you find the perfect home for you.

3.    Come to our office. The buying process can be tricky. We’d love to guide you through it. We can help you find a home that fits your needs and budget, all at no cost to you. Give us a call to schedule an appointment today!

 

If you plan to SELL this year:

 

1.    Call us for a FREE Comparative Market Analysis. A CMA not only gives you the current market value of your home, it’ll also show how your home compares to others in the area. This will help us determine which repairs and upgrades may be required to get top dollar for your property … and it will help us price your home correctly once you’re ready to list.

2.    Prep your home for the market. Most buyers want a home they can move into right away, without having to make extensive repairs and upgrades. We can help you determine which ones are worth the time and expense to deliver maximum results.

3.    Start decluttering. Help your buyers see themselves in your home by packing up personal items and things you don’t use regularly and storing them in an attic or storage locker. This will make your home appear larger, make it easier to stage … and get you one step closer to moving when the time comes!

 

WE’RE HERE TO HELP

 

While national real estate numbers and predictions can provide a “big-picture” outlook for the year, real estate is local. And as local market experts, we can guide you through the ins and outs of our market, and the local issues that are likely to drive home values in your particular neighbourhood. If you have specific questions, or would like more information about where we see real estate headed in our area, please give us a call! We’d love to discuss how issues here at home are likely to impact your desire to buy or a sell a home this year. Please visit our website SnapHomes.ca for latest MLS listing and pre-construction Homes & Condos.

Can’t find what you are looking for? Contact us for Exclusive list of Pre construction Homes and Condos and our pocket listings for Land!
Sources:

1.     Royal Bank of Canada’s Housing Trends and Affordability Report –
http://www.rbc.com/newsroom/_assets-custom/pdf/20170929-ha.pdf

2.     PricewaterhouseCoopers Emerging Trends in Real Estate 2018  –
https://www.pwc.com/ca/en/real-estate/assets/Real_Estate_ETRE_2018_PDF.pdf

3.     TD Economics Canadian Regional Housing Outlook –
https://economics.td.com/canadian-regional-housing-outlook-aug-2017

4.     Office of the Parliamentary Budget Officer –
http://www.pbo-dpb.gc.ca/en/blog/news/HH_Vulnerability

5.     Financial Post
http://business.financialpost.com/personal-finance/stricter-osfi-rules-on-mortgage-lending-will-do-more-harm-than-good-fraser-institute

6.     Bank of Canada Financial System Review November 2018  –
https://www.bankofcanada.ca/wp-content/uploads/2017/11/fsr-november2017.pdf

7.     Maclean’s  –
http://www.macleans.ca/economy/money-economy/canadians-rushing-to-lock-down-five-year-fixed-rate-mortgages/

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X2 Condos

Qr  X2

 

X2 Condos is one of the best investment condos downtown. X2 Condos is the second phase of X The Condominium, and is located on the south side of Charles Street, one block south of Jarvis and Bloor. Prices are starting at just $533 per square foot, with the average price for the building being approximately $595 per square foot.

Suite Features

Ceiling heights of approximately 9 feet. Luxurious finishes include a choice of designer-selected pre-finished engineered flooring in living/dining areas, kitchen and foyer. Porcelain floor tiles in the bathroom. Contemporary kitchen cabinetry custom designed by internationally renowned interior design firm Cecconi Simone. Choice of granite or corian countertops. Stainless steel appliances including counter-depth refrigerator, self-cleaning range, built-in dishwasher and microwave. Stacked brand-name washer and dryer.

 

Building Features

X2 is a dramatic 49-storey building featuring a double-height lobby designed by Cecconi Simone with 24/7 concierge service. “The Core” on the 9th floor will include yoga / aerobic / pilates room, his and hers steam and change rooms, cardio room, weight room, fitness training room, billiard room, kitchen / dining / bar lounge area, piano lounge and pool side library / lounge. This floor opens onto a spectacular roof garden designed by acclaimed landscape architect Janet Rosenberg + Associates. This area will include an outdoor swimming pool, seating, sunning area and trees. It will be like a resort in the city!

 

 

All prices, figures and materials are preliminary and are subject to change without notice E. &O. E. Note: All areas and stated room dimensions are approximate. Floor area measured in accordance with Tarion Bulletin #22. Actual living area will vary from floor area stated. April 06, 2013. *Please see a Sales Representative for details.
Admin Last Updating April 23, 2013

Model Hayes Includes Parking and Locker, Deposit for this Unit 3803 is 10% For all Other Units:

5% Deposit ( and 1% on Occupancy)

$5000 with Offer

Balance of 5% in 30 Days

1% on Occupancy    

Models Manuel and Montoya get: $15,000 Discount off the top of the price plus Free locker

All 2Story Suites get: $15,000 Discount plus 1 Parking and 1 Locker included in the purchase price

Floorplans are not to scale and is subject to architectural review and revision, including without limitation, the Unit being constructed with a layout that is the reverse of that set out above. All materials, specifications, details and dimensions, if any, are approximate and subject to change without notice in order to comply with building site conditions and municipal, structural, Vendor and/or architectural requirements. Actual floor area may vary in accordance with Bulletin 22 published by the Tarion Warranty Corporation. Bulkheads are not shown on floorplans and may be located in areas of the Unit as required to provide venting and mechanical systems. Balconies, Terraces and Patios if any are exclusive use common elements, shown for display purposes only and location and size are subject to change without notice. Window location, size and type may vary without notice. E.&O.E.

 

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Encore at Equinox

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This new luxury development by Monarch offers an affordable lifestyle and includes many modern amenities starting from as low as $139,990*. All suites include expansive windows, balconies, terraces and/or solariums. Choose from studios, one bedroom, one-bedroom-plus-den, one-bedroom-plus solarium, two-bedroom and two-bedroom-plus solarium suites. Standard suite features include strip laminate flooring in the living/dining room, 40-ounce broadloom in the bedrooms, and contemporary kitchens with stainless steel appliances and granite countertop.

Features And Finishes

Bathroom

  • Ceramic tile flooring*** from Vendor’s standard samples*
  • Chrome bathroom towel bar and toilet paper dispenser (ceramic soap dish in tub/shower to be white)
  • Contemporary designed vanities*** from Vendor’s standard samples*
  • Cultured marble countertop with integrated contemporary washbasin and single lever faucet
  • Main bathroom vanity to include lockable medicine drawer*
  • Separate shower stall with framed glass door to include ceramic tile from Vendor’s standard samples on shower wall to ceiling (excluding ceiling) with ceramic base to match floor tile*
  • Tub enclosure to include ceramic wall tile from Vendor’s standard samples to ceiling (excluding ceiling)
  • Vanity mirror with designer selected decorative light fixture

Electrical

  • Ceiling light fixtures in foyer, hallway, kitchen, bedroom(s), den and walk-in closet*
  • Individual 100amp service panel with circuit breakers and copper wiring within suite (110/208 volt)
  • Pre-wired for cable TV in all bedrooms, living room and den* and separate telephone line in all the above rooms plus kitchen*
  • Smoke and heat detectors

Foyer

  • Interior designer detailed suite entry with solid core entry door complete with security view port and brushed metal lever hardware
  • Polished porcelain or ceramic tile flooring*** from Vendor’s standard samples*
  • Strip laminate flooring*** from Vendor’s standard samples
  • Suite intrusion alarm and key pad with digital display, featuring concierge to suite digital display communication

Kitchen

  • Ceramic tile backsplash*** from Vendor’s standard samples*
  • Complete brand name stainless steel kitchen appliance package including: 30’” Energy Star ® frost free refrigerator, 30” ceran top stove with self clean oven, 24” Energy Star ® built-in multi-cycle dishwasher and 30” microwave range hood fan vented to exterior*
  • Contemporary designed kitchens. Select cabinets offering horizontal awning style uppers.* One choice of colour for kitchen cabinets from Vendor’s standard samples.
  • Granite kitchen countertop with stainless steel drop-in sink(s) from Vendor’s standard samples*
  • Polished porcelain or ceramic tile flooring*** from Vendor’s standard samples*
  • Strip laminate flooring*** from Vendor’s standard samples*

Laundry

  • Ceramic tile as chosen for bathroom floor, from Vendor’s standard samples, to continue into laundry when it forms part of the bathroom*
  • In suite laundry with white, full sized, stacked dryer vented to exterior* and Energy Star ® front load washer
  • Studio suites features 24” Energy Star ® under counter ventless washer/ dryer all-in-one in kitchen or bathroom*
  • Vendor’s pre-selected white ceramic tile flooring* in laundry

Standard Suite Features

*In applicable suites as per Vendor’s plan.

**Interior bedrooms are those bedrooms without any windows to the exterior

***One choice of colour per room from a range of Vendor’s standard sample colour choices

Purchasers understand that the texture and smoothness of the finish on concrete surfaces will be to concrete forming industry standards. The Vendor shall have the right to substitute other products and materials for those listed in this schedule or provided for in the plans and specifications provided that the substituted materials are of a quality equal to, or better than, the products and materials so listed or so provided. Colours and specific finishes will depend on Vendor’s package as selected. All specifications, dimensions and materials are subject to change without notice. E.& O.E. Tarion Warranty Corporation All Suites protected under Tarion (formerly The Ontario New Home Warranty Program).

Last Chance to Own a Suite at Encore !

Occupancies Start this Summer

Our Clients will Receive Up to $55,000 OFF

$55,000 OFF on the 888sq.ft. 2Bedroom + Solarium !

Plus A Free Parking Space And A Free Locker

Don’t miss out on this chance to own a suite at Encore!

*Prices, specifications and promotions are subject to change without notice.Please see Sales Representative for full details. E.&.O.E. March 2013.

Last Updating March 18, 2013

 

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The Hub Condos

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Live Life on Tomorrow’s Fast Lane. Make the Switch. With its uptown edge, this new residential development by award-winning Empire Communities will play a key role in this Eg-West area’s entire renewal. With condo suites, new neighbourhood-friendly shops, services, and the Eglinton Crosstown LRT right at your front door, where else would you rather be? First in can take advantage of the good-value combination of a yet-to-be-discovered neighbourhood. Get connected to The Hub.

Price list and Floor Plans Available Upon Request!

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The Hub Condos located at the corner of Eglinton and Oakwood, 1603 Eglinton is currently the site of a single-storey commercial building. Empire Communities is planning build a 16-storey condominium with some retail space integrated into the ground floor.

Starting from the low $200’s

Important Message: In order for an investor to take the most advantage of Buying Pre-construction Condos is to buy before its open to the public. Prior to opening day of a new condo sales office to the general public, prices may have gone up. This will be an opportunity for you to invest in a unit at the lowest price possible before its open to the public. You can be one of the first purchasers to be invited to Platinum VIP Preview Sales Event long before the presentation centre opens to the public. This gives you an opportunity to have the first access to inventory, best pick at unit levels, floor plans, lowest price not available to the public and the ability to take advantage of Platinum VIP Condo Incentives the builder may offer.  This is a perfect opportunity at the Platinum VIP Price.

For more information and to register now for The Hub Condos Platinum VIP Preview Sales Event please fill out the form below, we can only bring limited customers into the Platinum VIP Sales Event, so pre-register now for priority access:

 

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83 Sorauren Condos

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383 Sorauren Condos is a new, modern, stunning, and well-designed condominium project by Gairloch and Centrestone Urban Developments Inc. located at 383 Sorauren Avenue. This 11-storey boutique condo is coming to Roncesvalles. It’s a fresh approach to the traditional warehouse-style, with many unique private outdoor spaces. It’s a short walk to the best retail, restaurants and parks including Sorauren and High Park. And with easy access to the Gardiner, Bloor subway, and downtown core, 383 Sorauren Condos is sure to fit your urban lifestyle.

From The Mid $200,000s

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Important Message: In order for an investor to take the most advantage of Buying Pre-construction Condos is to buy before its open to the public. Prior to opening day of a new condo sales office to the general public, prices may have gone up. This will be an opportunity for you to invest in a unit at the lowest price possible before its open to the public. You can be one of the first purchasers to be invited to Platinum VIP Preview Sales Event long before the presentation centre opens to the public. This gives you an opportunity to have the first access to inventory, best pick at unit levels, floor plans, lowest price not available to the public and the ability to take advantage of Platinum VIP Condo Incentives the builder may offer.  This is a perfect opportunity at the Platinum VIP Price.

For more information and to register now for the 83 Sorauren Condos Platinum VIP Preview Sales Event please fill out the form below, we can only bring limited customers into the Platinum VIP Sales Event, so pre-register now for priority access:

 

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Grand Palace Condominiums

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Grand Palace Condos is a new condo project in Richmond Hill by Guizzetti Corporation located at Yonge St. & Weldrick Rd. and available in the mid $300,000’s. Taste the Luxury life at Grand Palace Condos, 15 floors towers with great views of Richmond Hill… The surrounding fine shops and restaurants make this the perfect neighbourhood for a soothing stroll. Become part of a superb and established community featuring beautiful estates, golf courses, and luxury living amenities! Your neighbourhood is one of prestige, safety and splendor.

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Home is where the heart is, and in the heart of Richmond Hill stands a refuge for the refined. Welcome to the future of condominium living, where superior construction meets elegance and function meets luxury. It’s all here in one architectural marvel on the West side of Yonge – convenience, creature comforts and all the lavish trimmings.

Grand Palace Condos’ suite is a haven of stately grace. Floor-to-ceiling glass walls provide natural daylight and your window to the world. Every detail is of the finest quality, including deluxe appliances, fixtures and imported granite, marble and ceramic finishes. Within this contemporary design the final touches are uniquely yours. Select a design package for an ambiance that reflects your own inimitable sense of style

Luxury Features & Finishes

Imported Stone Countertops

  • No two cuts of stone are ever alike. The elegant centerpiece of your future kitchen and bathrooms is guaranteed to be one-of-a-kind.
  • Choose from an exquisite array of granite countertops for the kitchen (including breakfast bar where applicable) and bathrooms.

Fisher & Paykel refrigeration

  • The Grand Palace is proud to present the elite Energy Star certified Fisher & Paykel EZKleen stainless-steel “Active Smart” refrigerator, a brand long synonymous with style and cutting-edge innovation.

Water Saving Fixtures

  • In the kitchen, premium fixtures include a double sink and single-level faucet with pull-out vegetable sprayer for double the convenience.
  • In the bathrooms, enjoy temperature-and pressure-balanced fixtures throughout plus under-mount sinks and a 5’ soaker tub.

A Grand Entrance

  • The foyer features a 9’ ceiling and mirrored closet doors. *

Sense of Greatness

  • Smooth-finished 9’ standard ceilings create an enhanced sense of spaciousness in the kitchen and all bathrooms.

Prestigious Floor Coverings

  • Luxury at your feet. Your suite features premium laminate flooring in the bedroom, living room, dining room, den – even the kitchen in all open-concept layouts.
  • Should you desire, carpeting can be substituted in the bedroom.
  • Premium porcelain tiles complete the picture in all bathrooms and kitchen (when layout permits). Your choice of porcelain or ceramic in foyer.

Gourmet Kitchens

  • Stylish entertaining begins and ends in your gourmet Grand Palace kitchen, tastefully designed for your convenience and culinary pleasure.
  • Custom-designed contemporary kitchen cabinetry features 42” uppers with extra depth over the Fisher & Paykel refrigerator, with cabinet doors available in your choice of 6 dramatic door profiles and 3 exciting colours.
  • Get more done with the power of Whirlpool appliances. Designer Whirlpool kitchen appliances include an Energy Star® stainless-steel high-efficiency time-delay dishwasher, stainless-steel self-clean built-in combination oven, 30° electric ceramic glass cook top, and a 30”wall-mount glass canopy hood or a 20 cubic-foot stainless-steel microwave/hood fan combo.
  • Attractive backsplash options include your choice of modern mosaic or ceramic tiles.
  • Under-mount sink offers a clean countertop to showcase the designer stone to dramatic effect.
  • Under valence & lighting.

Laundry

  • Whirlpool full-sized stacked front-loading dryer and Energy Star® high-efficiency front-loading washer.
  • Premium ceramic flooring.

Spa-Like Retreats

  • Elegant full bathrooms offer modern luxury features including built in deep soaker tubs with a full-height ceramic surround.
  • Ensuites include a separate shower with recessed lighting and frameless tempered glass enclosure.
  • Custom double-door vanity, granite countertop and a medicine cabinet with mirrored door above.
  • Convenient light in the shower.
  • Dual-flush high-performance toilet saves water.

Design & Comfort Details

BASEBOARDS & CASINGS (PSC Certified)

  • Architecturally designed modern 5” baseboards.
  • Painted casings on interior doors.

HARDWARE

  • Lush brushed-metal hardware.

PAINT

  • Walls, baseboards, trim and doors to be professionally painted with primer and finished with two coats of off-white eggshell wall paints (no-or low-VOC).

WINDOWS

  • Architecturally designed aluminum window frames with thermally insulated low-e coated double-pane sealed glazed window units that conserve energy.

COMFORT SYSTEMS

  • Year-round in-suite individual climate control ensures your suite is heated or cooled to your personal comfort.

COMMUNICATION SYSTEMS

  • Pre-wired cable, television and telephone outlets throughout offer modern communication convenience. *

LIGHTING

  • Artfully designed ceiling-mounted halogen track lighting and under-cabinet task lighting in the kitchen.
  • Distinctive ceiling light fixtures in foyer, kitchen, den, hallways and walk-in closets. **
  • White Decora light switches and electrical outlets.
  • Capped outlets in the dining room and bedrooms.

Live in Absolute Comfort & Peace of Mind

  • Courteous concierge service will be available 24 hours a day, 7 days a week in the residential lobby.
  • Easy-use security card access at all entrances keeps the building safe from unwanted visitors.
  • Closed circuit television monitoring in underground parking for greater peace of mind.

The Height of Elegance

  • All penthouse suites feature soaring 10’ ceilings.

Relax Outside

  • Spacious balconies and terraces are perfect for outdoor entertaining.
*As per plan.
**As per vendor’s standard samples. All dimensions, including ceiling height and area, if any, are approximate and may change. Actual living area may vary from any stated floor plan. References to model types or model numbers refer to current manufacturer’s models. If these types or models shall change, the Vendor shall provide an equivalent model and the Purchaser is bound to accept the same. The Vendor shall have the right to substitute other products and materials for those listed in this Schedule or described in other plans and specifications provided to the Purchaser by the Vendor, provided that the substituted products and materials are of a quality equal to, or better, than the products and materials so listed or so provided. The Purchaser acknowledges that some items displayed in the presentation centre of the Vendor may not be standard features and finishes and may (if available) be purchased from the Vendor at an extra cost. Selections of all features and finishes, where the Purchaser is given the option to select the model, style and/or colour, shall be made from the Vendor’s predetermined standard selections. All features and finishes may vary from suite to suite. Prices and specifications are subject to change without notice. E.&O.E. May 2011

 

TOWER A

Number of Suites: 168
Number of Levels: 15

PRICING:

Floor Increments vary depending on views and locations.
See Sales Representatives for details, H.S.T. included in all prices.

PARKING:

One Parking Space Included. Additional Parking Space $25,000 + HST

LOCKER:

Available at $2,500 per Locker + HST.

MAINTENANCE FEES:

Approximately $0.54 per square feet per month.
Includes: Building Insurance and the upkeep of common areas, heat/air conditioning.
Excludes: Hydro, water, parking, locker, cable, phone, internet plus applicable taxes.

DEPOSIT STRUCTURE:

$5,000 with Offer
5% less $5,000 in 30 Days
5% in 90 Days
5% in 120 Days
5% in 365 Days

PROPERTY TAXES:

Estimated at 1.25% of the Purchase Price per annum.

Tentative Occupancy

Summer 2014

Prices & Specifications subject to change without notice. E&O.E. May 02, 2012. Admin Last Updating May 12, 2012

TOWER B

Number of Suites: 168
Number of Levels: 15

PRICING:

Floor Increments vary depending on views and locations.
See Sales Representatives for details, H.S.T. included in all prices.

PARKING:

One Parking Space Included. Additional Parking Space $25,000 + HST

LOCKER:

Available at $2,500 per Locker + HST.

MAINTENANCE FEES:

Approximately $0.54 per square feet per month.
Includes: Building Insurance and the upkeep of common areas, heat/air conditioning.
Excludes: Hydro, water, parking, locker, cable, phone, internet plus applicable taxes.

DEPOSIT STRUCTURE:

$5,000 with Offer
5% less $5,000 in 30 Days
5% in 90 Days
5% in 120 Days
5% in 365 Days

PROPERTY TAXES:

Estimated at 1.25% of the Purchase Price per annum.

Tentative Occupancy

Summer 2014

Prices & Specifications subject to change without notice. E&O.E. May 02, 2012. Admin Last Updating May 12, 2012

 

Price List and Floor Plans  are available upon request.

Important Message: In order for an investor to take the most advantage of Buying Pre-construction Condos is to buy before its open to the public. Prior to opening day of a new condo sales office to the general public, prices may have gone up. This will be an opportunity for you to invest in a unit at the lowest price possible before its open to the public. You can be one of the first purchasers to be invited to Platinum VIP Preview Sales Event long before the presentation centre opens to the public. This gives you an opportunity to have the first access to inventory, best pick at unit levels, floor plans, lowest price not available to the public and the ability to take advantage of Platinum VIP Condo Incentives the builder may offer.  This is a perfect opportunity at the Platinum VIP Price.

For more information and to register now for the Grand Condos Platinum VIP Preview Sales Event please fill out the form below, we can only bring limited customers into the Platinum VIP Sales Event, so pre-register now for priority access:

 

 

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155 Redpath Condos

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A tower in a park. Sleek, chic and sexy. A hot new vision in design at Redpath and Roehampton, an interpretation of exciting urbanism in the Yonge and Eglinton neighbourhood.

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155 Redpath Condos will be an extraordinary landmark residence. 36 stories punctuated with large, offset balconies and vivid brush strokes of colour. Modernism in the truest sense of the word, a bookmark in the story that is today’s Toronto.

155 Redpath Condos is at the intersection of this vitality. With a Walk Score of 98/100 and a Transit Convenience Score of 94/100 it is about as close to perfection that any place can be.

At 155 Redpath Condos the Eglinton Subway Station and Yonge Eglinton Centre is a short walk away, as are the myriad of shops, restaurants, bars, cafes and other delights on Yonge, Eglinton and Mount Pleasant. With everything so close, why leave?

Within the next 5 to 10 years, the urban scene at Yonge and Eglinton will transition from fantastic to unbelievably amazing. In the future, you’ll be able to zip out to Pearson on the LRT Transit system. Imagine, from front door to runway in just 25 minutes. The Yonge Eglinton Centre is undergoing a multi-million dollar reno with more shops and a roof-top park.

On the South-West corner of Yonge and Eglinton another multi-million dollar project is proposed for a totally brilliant new development, and just a block or two away from 155 Redpath Condos, Loblaws is planning a 40,000 sq. ft. store. And, hold onto your hats, that’s just for starters.

Features + Finishes

The Building

  • Architectural design by award-winning architect Peter Clewes of architectsAlliance
  • Unique interiors by Johnson Chou Inc.
  • 24/7 concierge
  • Security coded access fob for all residents
  • Underground parking with security monitoring from concierge desk
  • Sustainable rainwater harvesting system used for irrigation
  • Mailroom conveniently located beside the front lobby
  • Individual suite hydro metering

Amenities

  • 9th floor outdoor amenity deck featuring pool and hot tub, outdoor shower, private poolside cabana lounge, sunbathing area, gas fire pit lounge, BBQ, and outdoor dining area 9th floor indoor amenity space complete with pool table, kitchenette area, meeting lounge, indoor washrooms with change area and relaxing sauna
  • Fitness centre complete with cardio, free weight, and outdoor fitness area
  • Separate dedicated indoor/outdoor yoga studio
  • Beautifully landscaped grounds designed for relaxation and outdoor activities; featuring a reflecting pool complete with fountain and fire feature, viewing gardens and lounge areas
  • Party room featuring a kitchen, bar, dining room, lounge area, and outdoor landscaped terrace
  • Library and meeting areas that overlook landscaped grounds

Suites

  • Tower suites have approximately 9’ ceilings (height exclusive of bulkheads, which are required for mechanical purposes such as heating and cooling ducts, as well as dropped ceilings in bathrooms)
  • Floor-to-ceiling, high-performance glazing/window system
  • Exposed concrete ceilings in all principal rooms
  • Choice of pre-finished engineered wood flooring with acoustic underlay throughout (except in bathroom and laundry areas), as per plan, from builder’s samples
  • Nest™ thermostat heating and cooling system with touch control and Wi-Fi capability
  • Contemporary sliding doors to balcony, as per plan
  • Concrete balconies with architect designed glass, and metal handrails
  • Custom-designed solid core entry door with security view-hole
  • Lever door hardware for interior doors in stainless steel finish
  • TV/telephone outlets in principal rooms
  • Front-loading stacked washer/dryer with exterior venting, as per plan
  • Choice of porcelain floor tiles in laundry as per plan, from builder’s samples
  • Built-in smoke/heat detectors and in-suite water sprinkler system
  • In-suite controlled energy-efficient air-conditioning and energy recovery ventilation system

Kitchens

  • Custom designed contemporary kitchen cabinetry by Johnson Chou, in a variety of colours and finishes, from builder’s samples
  • European style integrated refrigerator
  • European style electric cook top
  • European style wall oven
  • 24” integrated dishwasher
  • Stainless steel insert exhaust fan
  • Solid surface countertops as per builder’s samples
  • Stainless laminate kitchen backsplash as per builder’s samples
  • Stainless steel under-mount single bowl sink
  • Polished chrome single lever kitchen faucet
  • Ceiling-mounted track lights as per plan

Bathrooms

  • Custom designed contemporary bathroom vanity designed by Johnson Chou, in a variety of colours and materials, from builder’s samples
  • Glass shower stall with chrome fixtures, as per plan
  • Vessel sink and extended vanity mirror
  • Polished chrome wall-mounted single lever bathroom faucet
  • Solid surface countertops as per builder’s samples
  • Choice of full height porcelain wall tiles in tub and shower enclosures, from builder’s samples
  • Choice of porcelain tile flooring from builder’s samples
  • Pressure-balanced mixing valve for tub and shower
  • White bathroom fixtures
  • Towel bar and toilet paper holder as per plan

Technology + Security

  • Enterphone and security monitoring system at lobby and secondary entrance
  • Underground parking equipped with security monitoring system
  • Personal remote transmitter for parking garage door access provided with each parking space
  • Controlled door access throughout public/common areas
  • Long-life service panel with circuit breakers in each suite
  • Pre-wired multi-media technology with RG6 for cable and television
  • Pre-wired telephone and high speed communication Category 5 wiring in every suite

All suites protected under TARION Warranty Corporation. All interior floors, wall finishes and materials for which the Purchaser is entitled to make a selection are to be chosen from Builder’s standard samples, and as per Builder’s specifications. E. + O.E.

INCENTIVES PROGRAM

  • $2,000 Credit on closing for 1BR and 1BR+Den, $3,000 credit on closing for 2BR
  • Extended Deposit Structure:
  • $5,000 upon signing
  • Balance to 5% in 30 days
  • 5% in 90 days
  • 5% in 300 days
  • 5% in 480 days
  • $0 on occupancy
  • Assignment fee $500
  • Development Charges capped at $5,500 for 1BR & 1BR+DEN, 2BR units CAPPED AT $7,500
  • Smart Meters capped at $875
*Terms and condition apply and are subject to change without prior notice. E & O.E. April 23rd 2013.

*Penthouse Suites are available by appointment only. Suite sizes start from 1082 Sq Ft.

Prices are subject to change without prior notice. E. & O.E. April 23, 2013,Last Updating May 04, 2013

Price List and Floor Plans  are available upon request.

Important Message: In order for an investor to take the most advantage of Buying Pre-construction Condos is to buy before its open to the public. Prior to opening day of a new condo sales office to the general public, prices may have gone up. This will be an opportunity for you to invest in a unit at the lowest price possible before its open to the public. You can be one of the first purchasers to be invited to Platinum VIP Preview Sales Event long before the presentation centre opens to the public. This gives you an opportunity to have the first access to inventory, best pick at unit levels, floor plans, lowest price not available to the public and the ability to take advantage of Platinum VIP Condo Incentives the builder may offer.  This is a perfect opportunity at the Platinum VIP Price.

For more information and to register now for the 155 Redpath Condos Platinum VIP Preview Sales Event please fill out the form below, we can only bring limited customers into the Platinum VIP Sales Event, so pre-register now for priority access:

 

 

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