RSS

Category Archives: Condo Prices Grow at Moderate Pace in Q2

Encore at Equinox

encoreQr

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

Advertisements
 

Tags: , , , , , , , , , ,

Yonge + Rich Condos

VIP RegistrationQR forms

Introducing Yonge + Rich Condos, setting a new standard for condominium living in the heart of the city. Entertain friends on your expansive landscaped terrace surrounded by open sky and lake views.

Conveniently located at Yonge and Richmond, this soaring development at 25 Richmond Street East. Yonge + Rich Condos provides residents with uncompromised lake and city views, unparalleled design, expansive terraces ideal for entertaining, and unbelievable features and finishes.

This slideshow requires JavaScript.

With the TTC just steps away, explore your city, or discover Toronto’s underground PATH where you will find local boutiques, gourmet food shops, The Eaton Centre, and Dundas Square. The city is at your doorstep.

Priced from $289,990

Yonge + Rich Features & Finishes

THE BUILDING

Located just east of Yonge, live at the centre of it all with everything you can imagine. Enjoy easy access to the subway, the PATH, Eaton Centre, U of T, and the Financial and Entertainment Districts. Live with luxury amenities, expansive terraces, and views of the lake and city. YONGE + RICH Condos is a dramatic 50-storey tower, designed by celebrated architectural firm, Architects Alliance. YONGE + RICH Condos is at the southeast corner of Richmond and Victoria Street with the main entrance off Richmond Street East.

Breathtaking double-height lobby and extensive amenities designed by internationally-renowned interior design firm Burdifilek. Amenities will be located on the entire fifth floor and 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, and pool side lounge. This floor opens onto a spectacular garden designed by acclaimed landscape architect, DTAH. This resort-in-the-city style area will include an outdoor swimming pool and hot plunge, BBQ area, seating, sunning areas and trees.

  • 24 hour, 7 day a week concierge including virtual concierge service through custom-designed mobile application.
  • Underground parking with security monitoring from concierge station.
  • Underground garage painted white and lit with fluorescent lighting for added safety and security.
  • 4 custom-designed high-speed elevators.
  • Paid visitor parking for cars on the uppermost parking level.
  • Mailroom conveniently located beside front lobby.

THE SUITES

  • Ceiling heights of approximately 8’6” up to and including floor 21, and approx. 9 ft. on floors 22 and above. Ceiling heights are exclusive of bulkheads, which are required for mechanical purposes such as kitchen and bathroom exhausts, and heating and cooling ducts.
  • Choice of designer-selected pre-finished engineered flooring throughout.
  • Choice of one paint colour, from builder’s standard samples
  • Solid core entry door with security view-hole.
  • Samsung electronic door hardware with RFID / security code access
  • Sliding or swing doors in bedrooms, as per plans.
  • Architecturally-designed baseboards, door frames and casings.
  • Brushed metal door handles and hardware.
  • White, plastic-coated, ventilated wire shelving in all closets.
  • Insulated double-glazed, aluminum windows.
  • Stacked compact brand-name washer/dryer with exterior venting in all suites, as per plans.

THE KITCHEN

  • Contemporary kitchen cabinetry custom designed by Burdifilek, in a variety of materials and colours, from builder’s standard samples.
  • Choice of quartz kitchen countertop, from builder’s standard samples.
  • Glass tile backsplash, from builder’s standard samples.
  • Single bowl stainless steel under mounted sink with contemporary design faucet with integrated
  • Choice of pre-finished engineered flooring, from builder’s standard samples.
  • Stainless steel appliances including full-height counter depth 25” refrigerator for one bedroom and one bedroom + den suites (30” refrigerator for two bedroom and two bedroom + den suites), 30” self-cleaning range, built-in dishwasher and built-in microwave, as per builder’s standard samples.
  • Integrated stainless steel hood fan, as per builder’s standard samples.
THE BATHROOMS
(master bathroom or main bathroom in one bathroom suites)
  • Choice of quality Burdifilek custom designed cabinetry in a variety of materials and colours, from builder’s standard samples.
  • Choice of quartz countertop with undermount ceramic sink and polished chrome faucet.
  • Burdifilek custom designed mirror above vanity.
  • Wall mounted lighting above vanity.
  • Choice of 12”x24” porcelain tile, from builder’s standard samples.
  • Soaker tub with shower rod, as per plans.
  • Steel accessory package including towel bar and toilet paper holder, where applicable.
  • Choice of full height porcelain wall tiles in tub/shower enclosure, from builder’s standard samples.
  • White plumbing fixtures.
  • Exhaust fan vented to exterior.
  • Pressure balance valve for tub.

THE SECOND BATHROOMS

(in two bathroom suites)
  • Choice of Burdifilek custom designed quality cabinetry in a variety of materials and colours, from builder’s standard samples.
  • Choice of quartz countertop with undermount ceramic sink and polished chrome faucet.
  • Burdifilek custom designed mirror above vanity.
  • Wall mounted ceiling lighting above vanity.
  • 12”x24” porcelain floor tile from builder’s standard samples.
  • Full height porcelain wall tiles in shower enclosure, from builder’s standard samples.
  • Frameless glass shower enclosures, as per plans.
  • White plumbing fixtures.
  • Steel accessory package including towel bar and toilet paper holder, where applicable.
  • Exhaust fan vented to exterior.
  • Pressure balance valve for tub and shower.

THE TECHNOLOGY

  • Building to feature virtual concierge service through custom-designed mobile application.
  • Emergency voice communications system, smoke, heat and carbon monoxide detector where applicable in each suite.
  • High-speed Internet access provided with “future technology-ready” features in all suites.
  • Rough-in for future security system.
  • Pre-wired for cable TV and telephones as per plans.
  • White “Decora” switches and outlets.
Great Gulf is a member of BILD (Building Industry and Land Development Association) of Toronto.All suites protected under the Tarion Warranty Corporation.Interior design consultation at Décor Centre on all finishes and colour packages included in purchase price. All interior floor, wall finishes and materials are to be chosen with the assistance of the Builder’s Interior Design Consultant. All materials and other selections for which the Purchaser is entitled to make a selection are to be chosen from Builder’s samples, and are as per Builder’s specifications. Purchaser shall only be entitled to make such selections provided that the items are not already ordered or installed. Sizes and specifications are subject to change without notice. E. & O.E.

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 Yonge + Rich 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:

 

Tags: , , , , , , , , , , , , ,

Developers turn landlords as sales slow

Those high-rise builders are now bypassing the condo investors and renting out units that would otherwise languish on the market.

“No one wants to hold onto real estate, but this is a natural because the rental market is so crazy,” condo developer Paul Golini, with Empire Communities, told the Toronto Star.

He’s not alone with other condo builders moving to capitalize on a hot market as their own cools.

While condo sales in the GTA flatlined with the introduction of new tighter mortgage rules, occupancy rates have continued to edge skyward as the city struggles to meet demand from new migrants and others looking to the downtown core for shelter.

Their eagerness continues to spur rental price growth, a lure for developers trying to shift units as as an increasing number of buyers adopt a wait-and-see position.

The newfound interest of developers may ultimately lower the heat under the rental market of rental inventory spikes in the short-term.

Still, that kind of phenomenon in the long-term is unlikely, say analysts, pointing to rental demand that is forecast to dwarf the thousands of units under construction.

Source: CREW
 

Tags: , , , , , , , , , , , , ,

New Toronto condo sales decline in Q3 2012 due to lack of new launches

There were 3,317 new condominium apartment sales in Toronto in Q3 2012 according to the new Urbanationmarket overview released today.

This represents a 30 per cent decrease from the second quarter figure.

“With slowing sales and a record level of unsold inventory in the market in the second quarter, condominium developers reacted quickly by delaying their project launches, especially in the ‘416’ area,” explained Ben Myers, Urbanation’s Executive Vice President, in a press release.

“Just five projects launched in Toronto in Q3-2012, as developers choose to review their pricing assumptions and unit mix.”

The report also noted the average price of an unsold unit in the Toronto CMA  is sitting at $573 per square foot, an increase of 2 per cent year-over-year. In Toronto proper, the price was $670 per square foot, up from $668 a year ago.

The low number of new launches led to a decrease in unsold inventory in the Toronto CMA from a record high 18,123 in Q2 2012 to 17,182 in Q3.

How will the Toronto market fare in Q4? We’ll have to wait until the new year to find out the official numbers.

Source: Urbanation
 

Tags: , , , , , , , ,

Housing starts will slow; resales of existing homes will remain steady in 2013

Construction of new homes in Canada was higher than expected in 2012, but is expected to slow in 2013 according to a forecast released today by the Canadian Mortgage and Housing Corporation.

The CMHC’s fourth quarter 2012 outlook also noted that resales of existing homes should remain steady. This is expected to lead to house price growth that is roughly in step with or slightly below inflation.

Housing starts appeared to slow in September, but through a significant chunk of 2012 economists have been surprised by the number of starts. The high number has been attributed to the large number of condos being built.

“A weaker outlook for global economic conditions and the waning of the effect of pre-sales from late 2010 and early 2011, which contributed to support multi-family starts this year, will bring moderation in housing starts next year,” Mathieu Laberge, deputy chief economist at CMHC, explained in a press release.

“Nevertheless, employment growth and net migration will help support housing starts activity going forward.”

Here are a few more essential points from the CMHC’s quarterly report:

  • The CMHC forecasts that there will be 193,600 housing starts in 2013 and estimates that the 2012 number will total 213,700
  • The CMHC forecasts there will be 461,500 resales in 2013 and 457,400 by the year end of 2012
  • Total starts in 2013 are expected to decline as a result of lower multi-family starts
  • Resales are expected to rise due to employment growth and low interest rates
 

Tags: , , , , , , , , , , , ,

The interest rate remain unchanged at 1%

The Bank of Canada met this morning and once again we do NOT have a change in the trend setting interest rate, which means the the Bank of Canada decided to keep the rate at 1%. This marks the 2 year point in which the rate has been held at this level (as of September 9th) and economists are not expecting any changes now until at least mid-2013.

Growth in our economy is as predicted (at a modest Rate of 1.8%), and some housing markets are moderately cooling, so we can continue to expect relatively stable mortgage interest rates into the foreseeable future.

On a different note however, there is a change coming the elimination of Zero Down Payment Mortgages. All part of the changes announced earlier this summer, and effective September 15th, 2012 there will no longer be an option of putting NO MONEY DOWN on a home purchase.  While this option has not been as popular over the past 12 months as it was previously, there are still clients in the market who have taken advantage of this program. Specifically First-time homebuyers and Renters. There are only 10 days left to get into a purchase and into a mortgage before this opportunity disappears. Source: Alan D. Smith Scotiabank, National Mortgage Sales

 

No sharp dive in housing market says CIBC economist

According to a top CIBC economist, suggesting the anticipated housing decline will not be as sharp or as long as earlier projected because of immigration.

“It turns out fears of a long and sharp downturn in the housing market, are highly exaggerated and very premature,” said Benjamin Tal, deputy chief economist at CIBC. “In fact demographic forces will be supportive to real estate markets in the coming decade.”

Tal predicts immigration, which is responsible for most of the population growth, will be a major force impacting housing demand.

“What’s more, there is significant jump in the home ownership rate among immigrants as they pass the three-year mark,” said Tal. “In fact, after 10 years in Canada, the propensity among immigrants to own a house is higher than among native Canadians.”

While there will be a decline in the number of Canadians under the age of 25 and those between 45 and 54, those age groups account for a relatively small portion of home buyers, Tal writes in his latest Consumer Watch report.

By contrast, the number of Canadians between the ages of 25 and 35 – the age group that makes up the vast majority of first-time home buyers – will continue to rise, the report said.

“From a housing market perspective, what counts is not only the change in population of a given age group, but more importantly, the level of housing market activity among these groups,” said Tal. “In other words, the group that is most likely to buy a house will grow faster in the coming decade.” Source: Brokernews.ca

 
Comments Off on No sharp dive in housing market says CIBC economist

Posted by on August 23, 2012 in Brampton, Builder's Home, canada wonderland, Cinema, City of Toronto, Cloud, Cloud 9 Condos, CN Tower, Commercial, Commercial Real Estate, Condo Prices Grow at Moderate Pace in Q2, Condominiums, Detach, Detached, Detached Homes, Diamond @ Don Mills, Don Mills, Dream Home, Dream Tower, Dream Tower Condominiums, Dream Tower Condos, E Condo, Florida, Florida Real Estate, Home, Home for in Pickering, Home For Sale in Richmond Hill, House, House for sale, hwy#7 outlet stores, Index, Kingshill, Kitchener, Kleinburg, Land Transfer tax, Lawrence Park, Leslie, Local at Fort York, Lofts, lot for sale, Love Condo, Love Condominiums, Low Rise Homes, Luxury Homes, Luxury Townhomes, New Announcement, New Canadian Mortgage Rule, New Canadian Mortgage Rules, New Condominiums, New Condos, New Construction, New Development, New Homes, Nexus South, No sharp dive in housing market, Oakville, office, One Bloor, Palace, Pan Am, Pan Am Games, Pan Am Games 2015, Perspective, Pickering Condos, pickering Homes, pickering Real Estate, Pickering Town Center, Pickering Town Centre, Pikcering Homes, Port Union, Port Union waterfront Festival, Pre Construction, Residential, Restuarant, Retail, Richmond Hill, Richmond Hill Real Estate, RIMS, Semi, Shopping Mall and Plazas, Shopping Plazas, Single Family Home, Strip Plazas, Sunset, Sunset Condos, Ten, Ten York, The Beverly Hills Condos, Toronto Housing, Toronto Land Transfer Tax, Toronto New Condos, Tower, Town Homes, Townhome, USA Cheap Real Estate, Vaughan, vaughan condos, vaughan mills mall, Woodbridge, woodbridge condos, Yonge St

 

Tags: , , , , , , , , , , , ,

 
%d bloggers like this: