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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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The One Condo

The One Condos is a New Condo by Mizrahi Developments located at Yonge St & Bloor St, Toronto.

Steps away from the most popular restaurants in Toronto, endless transit options and everything else you love about Toronto sits The One Condos. A brand new creation by Mizrahi developments and Foster-Partners. This promises to be a memorable part of Toronto.

These 544 suites will become the heart and soul of the city, sitting at a stunning 84 storeys tall, One Bloor St West will transform into a cultural hub bursting with street energy and endless opportunities for you to live, work, and play.

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This building will become the second tallest in Canada next to the CN tower. The One is expected to have suites between 650 and 9000 sqft. Expected to launch in the Spring 2016, there will be no sharewalls meaning the consumer can customize their own unit. Amenities include 24/7 cleaning services, valet services, theatre rooms and much more.

Expect high-level retail at The One condos. World-class restaurants, fashion centres and other high-end retail tenants. The One will be a destination in the nexus of the city. The highest pedestrian count, vehicle count and the transit corner of Toronto, the One will be a destination in the public realm where all can congregate: similar to the Rockefeller Centre.

The One condo will become the second tallest build in Canada next to the CN tower. The One is expected to have suites between 650 and 9000 sqft.

The One Condos – an eighty story tower set to be placed 1,043 feet high. It is going to be an absolutely spectacular feet of engineering and architecture, especially with the famous Norman Foster behind its design. Its location is going to be at the intersection of two buzzing streets in the center of Toronto: 1 Bloor Street West at Yonge and Bloor. The intersection of these two main streets is currently inhabited by a deteriorating clothing store called Stollerys. This outdated fashion shop is set to be demolished and replaced by The One Condos and this news is most welcome to prospective residents and current inhabitants on both Yonge and Bloor.

 

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5 things to remember about chattels and fixtures

The buyer notices that the oven is not working when they do their final home visit, 2 days before closing. Can the buyer refuse to close or hold back money to repair the oven? These are just some of the questions that I receive from anxious buyers during the course of a home purchase.

Here are 5 key lessons to remember:

1. The buyer cannot refuse to close a real estate deal if an appliance is not working, or if there are minor damages on the property, unless the contract says so. What the standard real estate contract says is that the buyer can only refuse to close if there has been substantial damage to the property before closing. This would cover a house burning down or a major flood before closing, but would not cover a cracked window or appliance that is not working.

2. The buyer or the buyer lawyer is also not permitted to decide on their own to hold back money to complete any repairs, unless the contract says so. In my experience, sellers rarely agree to any clause in an agreement that permits a buyer to hold back money, for example, to make sure that the seller has completed any required repairs before closing. The problem is that in practice, buyers will typically say that they are not satisfied with the repairs and the holdback money cannot be released to anyone.

3. Here is my advice to settle repair or damage issues: get an estimate for the damage and then have your lawyer send it to the seller lawyer, offering to just settle the matter by the seller either fixing the problem before closing or the seller providing a credit equal to the estimate and the buyer fixes it themselves after closing. I am usually able to work this out with seller lawyers before closing. Unfortunately, if there is no settlement, there is no automatic right to hold back money and the buyer will be required to sue the seller in Small Claims Court after closing to get their money back. This is not a good solution for anyone, because of the time it takes to go to court to resolve this. Be reasonable and solve your problem.

4. What if the oven breaks down 2 days after closing? Unfortunately, the way the contract is written, the buyer does not get an extended warranty. The seller will typically only warrant that appliances and home systems will be working on closing, not after closing. Make sure that even if you are not moving in until a few days after closing that you go to your home immediately after closing and check to make sure that everything is working properly. If anything is not working or there is a damage, have your lawyer immediately contact the seller lawyer the next day about your issue. Also consider buying after sale insurance protection to cover your home systems and appliances. Canadian Home Shield is a company that offers this type of protection at a reasonable price.

5. Little things matter. If your seller is removing a chandelier, make sure they are required to replace it with a standard light fixture so you do not walk into a dark home on closing. If your seller is removing a TV bracket from the wall, make sure that they are required to fill in any holes that are created. Make sure you are to be given 2 full sets of keys, FOBs if a condominium, garage door openers and mail box keys. If the agreement is silent, the seller may only get you one set and it is costly to obtain a duplicate set, in most cases.

When you understand the rules about chattels and fixtures and properly protect yourself, you should be able to minimize any problems that arise after closing.

Source: RealProperty & Mark Weisleder LLB

 

 

Condo Pro: The Investment of a Lifetime

By Barbara Lawlor

A substantial percentage of our clients at Baker Real Estate Incorporated buy condos as an investment to add to their financial portfolio. Real estate remains one of the soundest investments anyone can make. In fact, many people feel more comfortable investing in the tangible asset of a condominium rather than stocks and bonds. Historically, those who ride out the lows of occasional real estate cycles do well in the long run. A lot of our investors are international buyers who recognize the value in our spectacular condos. They come from all over the world and from a wide variety of backgrounds and cultures.
From their point of view, they know that we have thousands of newcomers to the GTA each year, and they all need a roof over their head. Many begin by renting, so the demand for rental condominium suites promises to remain strong for years to come. We even see bidding wars going on for rental accommodations.
The point is that purchasing a condominium suite with the intention of renting it out is a viable financial strategy. Considering bang for the buck, you get a lot for the price per square foot when you go condo. In addition, condominiums are bound to increase in demand across the GTA as our strong immigration continues and the price of low-rise homes rises even more. Renters know that the amenities and landscaping in a condo will be kept up well, and that with many owners living in the building, their neighbours will take care of their homes. This is a win-win situation.
Here are a few tips for making the most of your decision to buy a condo as an investment.
· Buy early in the marketing/sales process to get the best price.
· Buying early usually means delivery dates are between three and six years, and many buyers make money and earn equity before occupancy.
· Today’s condos are typically built close to transit nodes and have amenities within walking distance, as well as beautiful amenities right in the buildings. Be sure to select a convenient location.
· Most investors select from the builder’s standard finishes, which are gorgeous today. A lot of the new suites come with hardwood or laminate flooring in the main living areas because so many people have allergies today. Think neutral with choosing, as these finishes appeal to a broader target market.
· When you consider the kind of suite to purchase, look carefully at the difference in price between a one-bedroom and one-plus-den. Often, the ability to charge more for rent for a unit with a den outweighs the extra amount at purchase. The den really opens up your market for renters, as it can be used as an office, or a second bedroom with a Murphy bed in it. In essence, these become junior two-bedroom suites. And if the suite has two bathrooms, all the better, especially if a couple students are sharing the space. If your pocketbook can handle only one bedroom, it is still a wise investment choice as a starter rental. These suites are rented are filling a major void in today’s market.
· Be sure to buy from a reputable builder with a track record for success with striking condominiums in amazing locations. I am happy to say that you have excellent choices in Toronto and beyond.
If you choose to live in the condominium you buy, your suite can still be considered an “investment” in two ways: in your quality of life and your peace of mind. Condos save time with so many amenities close by and maintenance taken care of by the Condominium Board. In addition, it is comforting to come home to a building where you know the concierge has a vigilant eye-on-the-street and security monitors for areas like underground parking.
However you slice it, buying a condominium is a great idea for anyone, investor or end-user, of any age – and the sooner, the better!
Source: Toronto Star.
 

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365 Church Condos

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365 Church St Condos will be a 30-storey residential building comprised of a 3-storey podium and a 27-storey tower. The building would include 322 residential units consisting of 28 studio units (9%), 184 one-bedroom units (57%) and 107 two-bedroom units (33%). The remaining 3 units (1%) are 2-storey, two-bedroom grade related townhouse units along McGill Street. 365 Church Condos also includes 218 square metres (2,346.5 square feet) of ground floor retail space.

365 Church will include 161 car parking spacing in five levels of underground parking, and 225 bicycle parking spaces with 180 for residents and 45 for visitors.

365 Church Condos includes 601 square metres (6,469 square feet) of indoor amenity space on the third floor of the building, with an adjoining 122.6 square metres (1,313 square feet) of outdoor amenity space on the roof of the west side of the podium along Church Street.

Register for Floor Plans and Price List. It will be Available Soon!

 
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Posted by on June 10, 2013 in 1 Bloor, 3018 Yonge Condominiums, 3018 Yonge Condos, 32 Camden, 32 Camden Condos, 365 Church Condos, 707 Lofts, Allure Condos, Argento, Argento Condos, B.Street Condo, B.Street Condominiums, Beverly Hills Condos, Beverly Hills Condos & Resorts, Blythwood at Huntington, Bond, Bridlewood Mall, Cinema, Cloud, Cloud 9 Condos, Commercial, Commercial Real Estate, Condominiums, Diamond @ Don Mills, DNA3, DNA3 Penthouse, Don Mills, Dovercourt, Dream Tower, Dream Tower Condominiums, Dream Tower Condos, Eau Du Soleil, Eau Du Soleil Waterfront, Eau Du Soleil Waterfront Condominiums, Essential Condominiums, Essential Condos, Expo City, Expo City Condos, Flaire Condo, Flaire Condominiums, Food Court, Four Season Hotel, Grand Genesis condominiums, Grand Genesis Condos, Jade, Jade Waterfront, Jade Waterfront Condos, Karma Condos, L Tower, L Tower Condos, Lawrence Park, Leslie, Leslie Boutique, Leslie Boutique Condos, Lofts, Love Condo, Love Condominiums, Low Rise Homes, Luxury Homes, Luxury Townhomes, Madison Condominiums, Madison Condos, Monde Condos, Mount Joy, New Condominiums, New Condos, Nexus South, Nexus South Condo, No.210 Simcoe Condos, No.210 Simcoe Street, NXT Condos, NY Condominiums, NY Condos, O2 Condos, Oakville OpArt Lofts, office, One Bloor, One Bloor condominiums, One Bloor condos, OpArt Lofts, Oxygen Condos, paintbox, paintbox condo, Paintedbox, Paintedbox Candos, Perspective, Perspective Condos, Picasso Condo, Plaza, Pre Construction, Q Loft, Q Loft Condos, Rain, Rain Condos, Residential, Restuarant, Retail, Richmond Crossing, Richmond Hill, River City, River City2 Condos, Shopping Mall and Plazas, Shopping Plazas, Spectra Condo, Spectra Condominiums, Strip Plazas, The Beverly Hills Condos, The Bond, The Bond Condominiums, The Bond Condos, The Carlaw Condominiums, The Carlaw Condos, The L Tower Condos, The Madison Condominiums, The Merton, The Merton Townhome, The Station Condos, The Station Condos on the subway, Toronto New Condos, Tower, Town Homes, Townhome, Treviso Condominiums, Treviso Condos, Tridel Blythwood at Huntington, Tridel's Argento, Tridel's Argento condominiums, Tridel's Argento condos, Uncategorized, Vaughan, vaughan condos, Vero Boutique Condo, Vero Boutique Condominiums, Vintage Garden, Water Garden by Minto, Water Garden condos, Watermark Condos, Westwood Condominiums, Woodbridge, woodbridge condos, wycliffe, Yorkville Plaza, Yorkville Plaza condo

 

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Karma Condominiums

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At Yonge & College

Karma Condos is a 52 storey building located at the prime Yonge & College intersection. CentreCourt Developments has partnered with Lifetime Developments to co-develop a multi-use high-rise residential condominium at 21 Grenville Street.

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The Karma Condos is centrally located in downtown Toronto and is within walking distance of Toronto’s major employment districts, Ryerson University, Yonge Street shopping and numerous restaurants. The city’s major hospitals and University of Toronto are also within close proximity. Public transportation is in immediate proximity with the Yonge subway within one block of the site.

FEATURES & FINISHES

It’s all good. Living at the center of the city, happens to come with style. This statement if perfect urban living is designed by the vulnerable architectural firm aA. The lobby, amenities and modern interior designers at Cecconi Simone. Enter KARMA Condos.

KARMA AMENITIES

  • Fitness Centre/Steam Rooms: weight rooms, cardio equipment, yoga area and a spa-inspired change room facility with his and hers steam rooms
  • The Social: A Party room with a bar, projection screen, modern fireplace, and private dining room with a servery
  • Players Club: a pub-like bar with felted poker table, billiards and table-tennis
  • Rest Rooftop Terrace: an open-air outdoor terrace with lounge, canopy seating and BBQ facilities
  • Additional Amenities: Screening Room, Sound Room, Station K – Gaming Room

KARMA THE BUILDING

  • 24 hour, 7 day a week concierge
  • Security coded access fob for all residents
  • Concierge monitored underground parking
  • Two guest suites provided for residents’ use
  • Individual suite hydro metering
  • Environmentally controlled rainwater harvested for irrigation
  • Underground parking with security monitoring from concierge station
  • 4 custom-designed high-speed elevators serving all amenity and residential floors
  • Mailroom conveniently located beside front lobby

KARMA SUITES

  • A wide variety of unit types and sizes with ceiling heights of 9’ (excluding areas with dropped bulkheads)
  • Floor-to-ceiling glazing/window systems
  • Choice of designer selected engineered wood flooring in entry, corridor, kitchen, living/dining areas and bedrooms, from builder’s standard samples
  • Custom designed solid core entry door with security view-hole
  • Smooth finished ceilings throughout.
  • Contemporary sliding doors and/or swing doors to balcony, as per plan
  • TV/Telephone outlets in principal rooms
  • Thermostat controlled heating and cooling
  • Built-in smoke/heat detectors and in-suite water sprinkler system
  • In-suite controlled energy efficient air-conditioning   and energy recovery ventilation system
  • All suites protected under the TARION Warranty Coporation
  • Front loading stacked washer and dryer

KARMA KITCHENS 

  • Contemporary kitchen cabinetry custom designed by Cecconi Simone in a variety of materials and colours, from builder’s standard sample
  • Choice of natural or composite stone countertops from builder’s standard samples
  • Choice of glass backsplash from builder’s standard samples
  • One capped ceiling outlet, as per plans
  • Stainless steel under-mount sinks with integrated pull-out faucet head
  • Energy Star hidden cabinet covered refrigerator
  • Energy Star 24″ smooth top drop-in electric cook top
  • Energy Star 24″ stainless steel oven
  • Stainless steel microwave oven
  • Hidden cabinet covered dishwasher
  • Stainless steel hood fan with integrated halogen lights

KARMA BATHROOMS

  • Contemporary bathroom cabinetry, custom designed by Cecconi Simone, in a variety of colours and materials, from builder’s standard samples
  • Choice of natural or composite stone countertops, from builder’s standard sample
  • Choice of porcelain flooring, from builder’s samples
  • Designer top-mounted sink
  • White soaker tub with chrome faucets, as per plan
  • Glass shower stall with chrome fixtures, as per plan
  • Chrome accessory package including towel bar and toilet paper holder, where applicable.

Karma Condos Price List

*As per plan from Vendor’s Samples. Please see a Sales Representative for details.
*Prices and promotions are subject to change without notice.
 
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Posted by on June 10, 2013 in 1 Bloor, 3018 Yonge Condominiums, 3018 Yonge Condos, 32 Camden, 32 Camden Condos, 707 Lofts, Allure Condos, Argento, Argento Condos, B.Street Condo, B.Street Condominiums, Beverly Hills Condos, Beverly Hills Condos & Resorts, Blythwood at Huntington, Bond, Bridlewood Mall, Cinema, Cloud, Cloud 9 Condos, Commercial, Commercial Real Estate, Condominiums, Diamond @ Don Mills, DNA3, DNA3 Penthouse, Don Mills, Dovercourt, Dream Tower, Dream Tower Condominiums, Dream Tower Condos, Eau Du Soleil, Eau Du Soleil Waterfront, Eau Du Soleil Waterfront Condominiums, Essential Condominiums, Essential Condos, Expo City, Expo City Condos, Flaire Condo, Flaire Condominiums, Food Court, Four Season Hotel, Grand Genesis condominiums, Grand Genesis Condos, Jade, Jade Waterfront, Jade Waterfront Condos, Karma Condos, L Tower, L Tower Condos, Lawrence Park, Leslie, Leslie Boutique, Leslie Boutique Condos, Lofts, Love Condo, Love Condominiums, Low Rise Homes, Luxury Homes, Luxury Townhomes, Madison Condominiums, Madison Condos, Monde Condos, Mount Joy, New Condominiums, New Condos, Nexus South, Nexus South Condo, No.210 Simcoe Condos, No.210 Simcoe Street, NXT Condos, NY Condominiums, NY Condos, O2 Condos, Oakville OpArt Lofts, office, One Bloor, One Bloor condominiums, One Bloor condos, OpArt Lofts, Oxygen Condos, paintbox, paintbox condo, Paintedbox, Paintedbox Candos, Perspective, Perspective Condos, Plaza, Pre Construction, Q Loft, Q Loft Condos, Rain, Rain Condos, Residential, Restuarant, Retail, Richmond Crossing, Richmond Hill, River City, River City2 Condos, Shopping Mall and Plazas, Shopping Plazas, Spectra Condo, Spectra Condominiums, Strip Plazas, The Beverly Hills Condos, The Bond, The Bond Condominiums, The Bond Condos, The Carlaw Condominiums, The Carlaw Condos, The L Tower Condos, The Madison Condominiums, The Merton, The Merton Townhome, The Station Condos, The Station Condos on the subway, Toronto New Condos, Tower, Town Homes, Townhome, Treviso Condominiums, Treviso Condos, Tridel Blythwood at Huntington, Tridel's Argento, Tridel's Argento condominiums, Tridel's Argento condos, Uncategorized, Vaughan, vaughan condos, Vero Boutique Condo, Vero Boutique Condominiums, Vintage Garden, Water Garden by Minto, Water Garden condos, Westwood Condominiums, Woodbridge, woodbridge condos, wycliffe, Yorkville Plaza, Yorkville Plaza condo

 

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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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IT Lofts

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IT Lofts is a boutique loft residence, located in Little Italy where it meets Little Portugal and Dufferin Grove.

Say ciao to la dolce vita in downtown’s favourite neighbourhood. Rising seven storeys above the stylish streets of Toronto’s Little Italy, IT Lofts put you at the centre of vibrant city living. Great nightlife, beautiful residential streets, and charming shops, cafes and restaurants offer a modern European vibe you won’t find anywhere else in Toronto. IT’s the ideal place to live, work and play, all within blocks of home.

In fact, IT’s the perfect place to call home.

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With architecture that’s geometric, angular and remarkably varied, this is no cookie-cutter construction project. IT Lofts is an artful blend of design and function that merges glass and concrete with striking marble accents, dark with light, recessed spaces with jutting elements. It all works together to create a harmonious structure that’s unexpected, exciting – and remarkably beautiful.

The Finishing Details

Suite Features

  • ceiling height in principal rooms is 9ft or 10ft†
  • floor to ceiling windows†
  • sliding doors open onto the balcony† and terrace†
  • exposed concrete ceilings and in all areas except the bathroom, powder room†, washer/dryer room and foyer†
  • exposed round concrete columns†
  • white painted interior walls
  • 4” baseboard and 2 1/2” door casing
  • slab style bathroom, closet and washer/dryer room doors with brushed chrome hardware
  • glass sliding door(s)† to bedroom
  • vinyl coated wire shelving in all closets and storage areas†
  • full-size stacked Energy Star™ washer and dryer
  • individually controlled heating and air conditioning system utilizing a heat pump system
  • gas BBQ connection provided on all terraces† and balconies†
  • hose bib provided on all terraces†

Kitchen

  • custom designed kitchen cabinetry with island† in a selection of finishes*
  • quartz surface counter top*
  • back-painted glass backsplash*
  • single bowl under-mount stainless steel sink
  • single lever deck mounted faucet set with pull-out spray
  • integrated and stainless steel appliances – Energy Star™ frost free refrigerator, Energy Star™ dishwasher, gas cook top, and electric built-in oven
  • integrated exhaust hood and microwave oven

Bathrooms

  • custom designed bathroom cabinetry in a selection of door finishes*
  • rain style shower head
  • full width mirror
  • porcelain wall tile* on all wet wall surrounds (bathtub and shower†) and vanity wall
  • white bathroom fixtures
  • deep soaker bathtub† with tiled skirt
  • pressure balanced mixing valve in the bathtub and shower†
  • exhaust fan vented to the exterior

Floor Coverings

  • engineered wood floors* throughout with the exception of the bathroom(s) and washer/dryer room
  • porcelain floor tile* in bathroom
  • ceramic floor tile in washer/dryer room

Safety and Security

  • pre-wired for a personally encoded suite intrusion alarm system
  • electronic communication system located in the secure main entry vestibule. guests in the main entry vestibule can be viewed on the resident’s television
  • surveillance cameras in the lobby, and main entry vestibule
  • key fob controlled access system at all main building entry points and parking garage
  • smoke and carbon monoxide detectors provided in all suites

Electrical Fixtures

  • individual electrical panel with circuit breakers
  • white ‘decora style’ receptacles and switches throughout
  • ceiling mounted track lighting in kitchen
  • ceiling mounted light fixtures in foyer† and hallways†
  • pot lights in bathroom(s) and powder room†
  • capped ceiling light fixture outlet in dining room†
  • switch-controlled split outlets in living room, den† and bedroom(s)

Multi-media Technology

  • structured high speed wiring infrastructure with network centre to support the latest entertainment and high speed communications services
  • pre-wired telephone, cable television and communication outlets. category 6 telephone wiring to all telephone outlets. rg-6 coaxial cable to all cable television outlets. each cable television and telephone outlet connects directly to the suite network centre
† – as per plan
– from the vendor’s samples
natural products (i.e. granite, wood and marble) are subject to natural variations in colour and grain. tile is subject to pattern, shade and colour variations
if the unit is at a stage of construction which will enable the Vendor to permit the Purchaser to make colour and material choices from the Vendor’s standard selections, then the Purchaser shall have until the Vendor’s date designated by the Vendor (of which the Purchaser shall be given seven (7) days prior notice) to properly complete the Vendor’s colour and material selection form. If the Purchaser fails to do so within such time period, the Vendor may irrevocably exercise the Purchaser’s rights to colour and material selections hereunder and such selections shall be binding upon the Purchaser. No changes whatsoever shall be permitted in colours or materials so selected by the Vendor, except that the Vendor shall have the right to substitute other materials and items for those provided in this Schedule provided that such materials and items are of quality to or better than the materials and items setout herein
the Purchaser acknowledges that there shall be no reduction in the price or credit for any standard feature listed herein which is omitted at the Purchaser’ request;
references to model types or model numbers refer to current manufacturers models. If these types or models change, the Vendor shall provide an equivalent model;
all dimensions, if any, are approximate. Actual useable floor space may vary from the stated floor plans, if so stated;
all specifications and materials are subject to change without notice E. & O.E.;
pursuant to this Agreement or this Schedule or pursuant to a supplementary agreement or purchaser order, the Purchaser may have requested the Vendor to construct an additional feature within the unit which is in the nature of an optional extra. If, as a result of building, construction or site conditions within the Unit or Building, the Vendor is not able to construct such extra, then the Vendor may, by written notice to the Purchaser, terminate the Vendor’s obligation to construct the extra. In such event, the Vendor shall refund to the Purchaser the monies, if any, paid by the Purchaser to the vendor in respect of such extra, without interest and in all other respects this agreement shall continue in full force and effect;
the Vendor shall have the right to substitute other products and materials for those listed in this Schedule, represented to the Purchaser or provided for in the plans and specifications 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 determination of whether or not substituted materials and products are of equal or better quality shall be made by the Vendor’s architect
all suites protected by the Tarion New Home Warranty Program

IT Lofts Price List Will Become Available Soon

 

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The Mercer Condos

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ONLY 5% DOWN Limited Time Offer

The Mercer Condos is the newest address in the Theatre District developed by Graywood Developments builder of the upcoming landmark Ritz Carlton Residences.

The Mercer Condos is located on 8 Mercer between King West and john Street and the building contains 33 floors and 415 units sized from 363 to 1133 sq ft. Prices will start around $250,000.

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The Mercer Condominiums at John and King will have amenities that reflect the area it is in. On the ground floor, there will be retail units along Mercer and John Street. The lobby will have a stunning museum of modern design feel and throughout the common areas. Their indoor amenity space on the second floor will have a fitness centre, a party room, a theatre, sauna and spa area, as well as a hot tub.

The Mercer Condos will boast its 10,000 square foot roof top patio terrace on the 6th floor. It will have 42% of the terrace covered with greenery. A host of private lounges, game area, kitchen, dining, cabanas, misting stations, an outdoor screen for “movie under the stars”, and obviously being in Canada, barbecues to complete the Mercer condos amenities.

Building Features

  • 33 Storey brick, stone && glass tower with 6 storey brick podium
  • Architectural design by Brisbin Brook Benyon Architects
  • Interior design by The Design Agency
  • Landscaping by TerraPlan Landscape Architects
  • Stunning Lobby with green living wall, limestone walls and terrazzo floors
  • 10,000 square foot Terrace on 6″ floor with private lounges, games area, BBQ, kitchen and dining area surrounded by green space and reflective pool.
  • Four elevators servicing all levels
  • Scandinavian-Inspired sauna and spa
  • Screening Room
  • Party Room with kitchen
  • Fitness Centre with Hot Tub
  • Lounge
  • 9′ and 10′ Ceiling Heights*
  • All new construction protected under the Tarion Warranty Corporation

Suite Features*

  • Smooth ceiling finish
  • Custom designed solid core suite entry door
  • Plank engineered hardwood flooring
  • Contemporary kitchen cabinetry with extra height upper cabinets and valance lighting under upper cabinets
  • Granite or engineered quartz kitchen countertops
  • Double or single undermount stainless steel sink with a brushed nickel single lever pull out faucet
  • Halogen track lighting in kitchen
  • Glass tile, ceramic subway tile or marble mosaic tile kitchen backsplash
  • 6 Energy star rated appliances
  • Porcelain or ceramic tile tub surround and floor in main bath and powder room
  • Rectangular design, white acrylic soaker tub
  • Master ensuite with frameless glass shower and door
  • Floating vanity cabinet with slab marble countertop and top mount white sink in bathroom
Floor Plans 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 floor plans 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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King Blue Condos

In the epicentre of King West, priced from the mid 200’s, King Blue Condos depict the lifestyle & culture of true urban sophistication.

Sophistication for city dwellers along with the best of king west shopping, design and fashion. It’s all here at King Blue Condos.

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Get in the groove at concerts, clubs and the hottest lounges that flaunt an elite social scene frequented by A-list celebrities and players. Thriving in the hub of Toronto’s trendiest cafés, restaurants and markets, you are steps from the cities most sought after food, drink and tastes that define you. The boldness of sleek architecture combined with the rich history of the city defines culture with film, galleries, theatre, ballet, and festivals. Stay on top of your game with Toronto’s best as a team player, a pro or a patron. A metropolis of fun is just a hop, skip or jump away. Walk the talk. Live the good life. Parks, paths and plenty of places to get fit, get away, get outside and play.

King Blue Condominiums designed by Page + Steele / IBI Group Architects and will feature two residential / commercial hotel towers standing 48 storeys (North Tower)& 44 storeys (South Tower) and house 807 suites.

The suites, designed by Munge Leung, range from 400-square-foot studios to 1,100-square-foot three-bedroom units. Ten per cent of the units will be three-bedroom, family-sized suites, and 10 per cent will be barrier-free. Prices start in the mid $200,000s.

King Blue Condos will have two seven-storey podiums at its base. The north podium, at the corner of King and Blue Jays Way, will incorporate the north and west walls of the 1929 Westinghouse Building that currently sits on the site. There will be a rooftop bar on top of the north podium that will be open to the public.

On King Blue Condos’ sixth floor there will be a pool with doors that open onto an outdoor patio with a bar (for residents only).

King Blue Condos’ south podium, along Mercer St. – a brand new building to be clad in charcoal brick – will house the Theatre Museum of Canada on its entire second floor. The five floors above will be condos and there will be a 5,800-square-foot rooftop garden on the seventh floor.

King Blue Condominiums will boast 13,000 square feet of retail space at the ground level.

Summery

  • Location: 355 King St. W.
  • Developer: Easton’s Group of Hotels, Remington Group
  • Architect: Page + Steele IBI Group of Architects
  • Interior design: Munge Leung
  • Size: A 48-storey north tower and a 44-storey south tower
  • Units: 807
  • Price: From the mid $200,000s

Features & Finishes

IMPRESSIVE BUILDING AMENITIES

  • Grand Porte Cochere Courtyard for car and limo pick-up and drop-off
  • Private lobbies for each tower with elegant seating, ambient lighting and exquisite  wall inlay fireplace
  • 24/7 Private Concierge
  • ‘Urban Room’ Central Courtyard connects both towers
  • Guest Suites for residents’ overnight guests
  • On-site retail shops for residents’ convenience
  • The Theatre Museum of Canada with beautiful exhibits and displays on site

ENTICING ENTERTAINMENT FACILITIES

ROOFTOP TERRACE

  • Rooftop Terrace featuring multiple private seating areas equipped with outdoor fire pits and bar for residents’ use
  • Central seating area features stunningly lit artistic metal arches that soar above a  beautiful water feature
  • Landscaping, trees and water features create a magical ambience

THE SOCIAL ZONE

  • Multi-function Party Room complete with bar, fireplace and kitchen
  • Multi-media Theatre Room

FOR BODY & SOUL

  • Seventh floor swimming Pool with adjacent access to outdoor deck
  • Separate male and female change rooms and showers
  • State of the art full Fitness Centre featuring the latest equipment
  • Weight training and cardio areas
  • Relaxing lounge area adjacent to Fitness Centre
  • Yoga Room

MAGNIFICENT SUITE FEATURES

  • Secure, solid core suite entry door with dead-bolt and guest viewer
  • Engineered oak hardwood floors throughout
  • Floor to ceiling windows with 4” aluminum mullions in living and dining areas offering panoramic views above the urban canopy
  • Rough in for wall mounted TVs
  • Suites feature a sleek, modern, urban design and complementary neutral colouring

GOURMET KITCHENS

  • Each suite features a gourmet kitchen with polished granite countertops and  kitchen island
  • Stainless steel and integrated*appliances and stainless kitchen sink
  • Laminate wood cabinetry and glass uppers
  • Tile backsplash and polished hardware

PRIVATE SPA BATHROOMS

  • Bathrooms feature laminate wood cabinetry with polished marble countertops and backsplash and top quality hardware
  • Master ensuite features honed marble tile throughout, including the shower and wall tile
  • Designer vanity mirror including light feature
  • Private locks on all bathroom doors

*Where applicable. Sizes & specifications subject to change without notice. E.&O.E.

LIMITED TIME OFFER

EXTENDED DEPOSIT STRUCTURE

PARKING DISCOUNT

FREE ASSIGNMENT FEE OF $5,000 VALUE

Plus

CAP DEVELOPMENT CHARGES & LEVIES
$3,500 for bachelors, 1 bedroom & 1 bed plus dens
$5,000 for 2 bedrooms plus

**Purchasers Incentive Program is for a limited time ONLY and expires on November 6, 2012 at 6pm. Programs and Incentives are subject to change without notice. E. & O.E. See Sales Representative for details. October 18th, 2012.

KING BLUE CONDOMINIUMS EXCLUSIVE VIP AGENT PREVIEW PRICE LIST

(Subject to availability)

All prices, figures and materials are preliminary and are subject to change without notice E. & O. E. Oct. 18, 2012
Last Updating October 19, 2012
 

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