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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

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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

 

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Edition Richmond Residences

 

Edition Richmond is a collection of 20 tailored residences in Toronto that elevate real estate to art.

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The Edition Richmond Residences are three storey; two and three bedroom homes, each living space is its own masterpiece, designed by Audax Architecture, a boutique firm and recipient of the 2011 Toronto Urban Design Award. Renowned interior designers, Cecconi Simone have cultivated homes that are aesthetically stunning and highly functional and which reference the clean geometrics of 20th century cubism. Cecconi Simone have strived to make these residences so exclusive in their design, that they have ventured through the painstaking details such as creating custom blend stains for the hardwood flooring that will be featured as a standard in each home and will be exclusive only to Edition Richmond Residences. Custom designed kitchens expand into the dining area and living room for a contiguous main floor that is perfect for entertaining. Homes feature 10 ft. ceilings for a voluminous living space that feels airy and comfortable to come home to. Sky yards offer magnificent views of the skyline, providing you your own urban oasis (most homes). And what makes this all so appealing is that these luxury residences are nestled in a quiet enclave just south of Queen West where the amenities of urban living are coupled with a peaceful streetscape.

Edition Richmond Residences embodies the spirit and liveliness of Queen West and is at the epicenter of some of Toronto’s greatest neighbourhoods – Trinty Bellwoods, Ossington Strip, Dundas West and Liberty Village. These areas offer the best in shopping, dining, culture, nightlife and recreation.

The opportunity to live the clean lines and crisp beauty of an Edition Richmond by Cecconi Simone can be your everyday reality – world-class design that may otherwise be out of reach.

By indicating your interest in Edition Richmond Residences at this early stage, you’ll be among the first to be invited to view Price List and Floor Plans and take advantage of our insider’s member club.

 

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San Francisco By the Bay

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San Francisco By the Bay  Condos offers authentic waterside living in an ambiance of elegance and convenience. Featuring two beautifully designed high rise towers connected by a convenient retail-commercial complex, the community also offers stately three-storey townhomes. The neighbourhood is set amid two magnificent acres of lush green parkland and features a state-of-the art recreational complex designed with every conceivable amenity. Just steps from the marina on Frenchman‘s Bay in Pickering, San Francisco By The Bay is the ideal choice for active lifestyles.

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Here, just steps from the Lake Ontario Waterfront Trail, luxury abounds in every detail from the suite designs, to the magnificent finishing selection offered, to the fabulous amenity complex, to the convenience of marine-side living. Life at San Francisco By the Bay Condos is infused with charm and grace at every turn.

Ideally located on the shores of Frenchman’s Bay within sight of the marina and downtown Picketing, San Francisco By The Bay Condos offers the perfect balance between urban and lakeside living. Close to the soccer fields and playgrounds of Douglas Park and just a short drive to Mill– Square, San Francisco By The Bay Condos is the perfect place for everyone!

Chestnuthill Home’s San Francisco by the Bay condo development is a mix of condo 2 condo towers, townhomes and retail space in Pickering. The community will also have 2 acres of parkland and its own recreational complex. San Francisco by the Bay is located near Pickering’s Frenchman’s Bay. This gives easy access to Highway 401, as well as Lake Ontario‘s waterfront trails. With all of this, San Francisco by the Bay should provide plenty to do for active residents.

TOWER FEATURES AND FINISHES

  • All materials and other selections for which the Purchaser is entitled to make a selection are to be chosen from Vendor’s standard samples and are as per Vendor’s specification, which are subject to change from time to time.

Purchaser shall only be entitled to make such selections provided that the items are not already ordered or installed

PREMIER BUILDING DESIGN

  • Modern building designed by award winning architect Kirkor Architects
  • Impressive lobby and extensive amenities designed by internationally renowned interior designer, MIKE NIVEN
  • Three custom designed elevators serving underground parking, lobby, amenity floor and private residences
  • Double glazed aluminium windows with thermal break with screens on operating windows
  • Professionally designed solid core suite entry door, with designer entrance hardware

EXQUISITE SUITE FEATURES

  • White stippled ceiling in all areas except the kitchen, laundry and bathrooms. Kitchen, laundry and bathroom ceiling are smooth and painted with semi gloss paint
  • Individually controlled and metered, seasonally adjusted central heating and air conditioning
  • Choice of ceramic tiles** in entrance foyer, kitchen, ensuite and main bathroom, and hallway*
  • Engineered laminate strip flooring** in living room, dining room, den or study*
  • Choice of 40 oz broadloom** carpet with chip foam under-pad in bedroom(s) den* and applicable closets
  • Elegantly styled interior doors with metal lever hardware
  • Swing doors or sliders on closets as shown on plans
  • Designer selected baseboard with coordinating door casing
  • Plastic coated wire shelving in all closets including linen closet
  • Walk-in closet to include shelving

GOURMET KITCHENS

  • Uniquely designed kitchen cabinetry in a variety of materials and colours from Vendor’s standard samples
  • Choice of laminate countertops with dramatic breakfast bars as per plans**
  • Choice of ceramic backsplash** features in areas designated by Vendor
  • Ceiling fixture provided in kitchen
  • Double stainless steel sink with single lever faucet
  • Brand name black or white appliances including frost-free refrigerator, self cleaning oven, built-in dishwasher and over the range built-in microwave integrated with range-hood

MAIN/ENSUITE BATHROOM

  • Custom vanity with cultured marble countertop and integrated basin**
  • Single lever faucet
  • Choice of ceramic tiles on floor and tub enclosure **
  • Vanity mirror and decorative light fixture
  • Tub enclosure to include ceramic wall tiles** from
  • Pressure balance mixing valve for tub/shower controls
  • Fan in all bathrooms
  • Privacy lock on bathroom doors
  • Relaxing soaker tub in ensuite bathroom or main bathroom as selected by Vendor
  • White plumbing fixtures

SECOND BATHROOM

  • Custom vanity with cultured marble countertop and integrated basin**
  • Single lever faucet
  • Choice of ceramic tiles on floor and tub enclosure **
  • Vanity mirror and decorative light fixture
  • Tub enclosure (Where applicable) to include ceramic wall tiles** (excluding ceiling)
  • Pressure balance mixing valve for tub/shower controls
  • Fan in all bathrooms
  • Privacy lock
  • White plumbing fixtures
  • Separate shower stall where indicated on plans to be glass with glass door*

ELECTRICAL

  • Service panel with circuit breakers and copper wiring within suite
  • Wiring for cable and telephone in all bedrooms, living room and den and/or study*
  • In suite smoke and heat detector
  • White receptacles and rocker panel switches
  • Capped ceiling outlets in dining room
  • Distinctive ceiling fixtures in foyer, kitchen, den* hallways*
  • Switch controlled split outlets in living room

MEDIA TECHNOLOGY

  • Structured high speed wiring infrastructure with network centre CATEGORY 5e telephone wiring to all telephone outlets
  • Rg-6 coaxial cable to all cable television outlets
  • Cable TV and telephone outlets connect directly to the network centre

PEACE OF MIND

  • Uniformed 24/7 concierge/security
  • Pre wired for personally encoded suite intrusion alarm system
  • Card access from underground parking to elevator lobby
  • Card access to main and secondary entrance
  • Surveillance cameras in lobby, main entry vestibule and garage
  • Electronic communication system located in the secured main entry
  • Secure well lit underground parking garage

BUILDING FEATURES

  • SLEEK, ELEGANT LOBBY
  • 24-HOUR CONCIERGE
  • SPA INSPIRED INDOOR SWIMMING POOL
  • FULLY-EQUIPPED STATE OF THE ART FITNESS FACILITY
  • PARTY ROOM WITH KITCHEN OPENING TO A FABULOUS OUTDOOR BARBECUE TERRACE.
  • GUEST SUITE

TOWNS FEATURES AND FINISHES

QUALITY EXTERIOR AND CONSTRUCTION FEATURES

  • Distinctive elevations architecturally controlled and pre-selected to offer a pleasing streetscape
  • All exterior elevations utilizing a combination of brick or stone or stucco and other materials as per renderings
  • 2 x 6 exterior wall construction
  • 5/8″ tongue and groove sub floors glued and screwed prior to installation of the floor finish
  • Twist free and squeak free engineered floor systems
  • Architecturally controlled elevation enhanced roof pitches with quality self sealing asphalt roof shingles
  • All exterior walls and ceilings to be insulated in accordance with the Ontario Building Code
  • Maintenance free pre-finished aluminium soffits, facia, eaves troughs and downspouts where applicable on exterior
  • Vinyl casement and fixed windows, on front and rear of interior lots (on side of corner units and end units) as per vendor’s specifications. Basement windows to be sliders. All operating windows to have screens. Exterior window colours to be pre-selected by Vendor
  • Metal insulated front entry door complete with weather stripping
  • Black front door grip set with dead bolt lock
  • Concrete walls with heavy damp proofing
  • Poured reinforced concrete porches and garages as per selected models
  • Steel beam support in basement as per plans and per vendor’s specifications
  • Quality caulking around all openings to outside
  • Raised panel section garage doors with heavy-duty springs
  • Lot fully graded and sodded
  • Decorative railings for all porches, as per elevations

INTERIOR DESIGN AND CONSTRUCTION

  • 9 ft. ceilings on (main floor where kitchen is located) with larger windows for a more pleasing streetscape. [Where ceiling bulkheads are installed, the ceiling height will be less. Where dropped ceilings are required, (in areas such as foyers, closets, kitchens, dining rooms, bathrooms, laundry room, bedrooms and hallways) the ceiling heights may be less]
  • Main stairs to be carpet wrapped treads and risers as designated by Vendor and painted stringers with oak spindles and railing in a natural finish
  • Handrail and oak spindles in a natural finish
  • Colonial raised panel interior doors throughout (except where sliders are shown)
  • Door chime
  • Polished brass lever handles on swinging interior doors
  • All interior walls and trim to be painted with quality off-white paint. Kitchen, bathroom(s), laundry (in finished areas) and trim throughout to have semi-gloss finish
  • Sprayed textured ceiling, except kitchen or combination of kitchen/breakfast, bathrooms, to have smooth ceilings
  • Colonial baseboard and casing
  • 35 oz broadloom with 10mm under padding in designated floor areas
  • Designer imported ceramic floor tiles in foyer, kitchen, breakfast area, powder room, bathrooms

GOURMET KITCHENS FEATURES

  • Two speed kitchen exhaust hood fan over stove, with light (white only)
  • Double-compartment stainless steel sink with Moen single lever faucet
  • Heavy duty electrical outlet for stove
  • Custom styled furniture-finished cabinetry with post formed counter tops in kitchen and bathroom in wide range of styles and finishes Flush breakfast bars in kitchens as shown on plans
  • Split electrical outlets at counter level for small appliances, with ground fault in
  • Interrupter as required
  • Convenient dishwasher space to include rough-in for electrical and plumbing. Hook up not included

SPA INSPIRED BATHROOMS

  • Powder room (where shown) will include pedestal sink
  • Ceramic soap dish, towel bar and paper holder in all bathrooms ( no soap dish in power room)
  • All plumbing fixtures to be white
  • Privacy lock on all bathroom doors
  • All bathrooms to have an exhaust fan
  • Vanities in all bathrooms with laminate counter top
  • Moen single lever faucet with pop up drains in all bathroom vanities
  • Ceramic wall tiles up to and including ceiling in shower stalls, and up to ceiling in standard tub enclosure
  • Oval and corner tub as shown on brochure will have tiled platform and two courses of tile surround
  • Strip lighting in bathrooms and powder room
  • Temperature balance valves for all showers
  • Mirrors over all vanities and pedestal sink
  • All shower areas including tub enclosures, to have upgraded wonder board type treatment
  • All separate shower stalls to have marble threshold and ceiling light (marble threshold colour to be pre-selected by Vendor)
  • Convenient electrical outlet for small appliances beside vanity in all bathrooms complete with ground fault interrupter as required

LUNDRY ROOM FEATURES AND PLUMBING

  • Laundry areas or rooms (as shown on plans) unfinished in unfinished areas
  • Washer connection as per plans
  • Heavy duty outlet for clothes dryer with exterior vent cap
  • Two hose bib locations to be selected by Vendor
  • ROUGH-INS
  • Rough-in for future central vacuum system
  • Rough-in for central air conditioning

ELECTRICAL FEATURES

  • 100 amp electrical service with circuit breaker panel and copper wiring
  • White switches and receptacles
  • Strip lighting in all bathrooms and powder rooms
  • Ceiling lights with builder supplied fixtures for foyer, hallways, kitchen and all bathrooms
  • Switch controlled wall outlet in living room or family room as designated by Vendor
  • Smoke detectors on all levels
  • Carbon monoxide detectors as per building code
  • Pre-wired for cable television, one outlet in living room or family room and a second outlet to be installed in master bedroom. (Location to be selected by Vendor)
  • Pre-wired for telephone in kitchen, family room (where applicable) and all bedrooms

HEATING AND ENERGY FEATURES

  • Forced air high efficiency heating system
  • High efficiency natural gas water tank on a rental basis
  • Gas line for Bar-B-Que at location to be designated by Vendor
  • Maintenance free sliding patio door with screen where shown on plans

 

 

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Courtyards of Maples

Courtyards of Maple is a new condo project by TriAxis and Marino Developments currently in pre-construction status at Keele St & Major Mackenzie Dr W in Vaughan.

This European style condo is located in prime location in Maple (Vaughan). Minutes away from Canada’s wonderland, New Vaughan’s Hospital, easy access to 400, new subway at Jane/hwy#7, Ontario‘s Largest Mall (Vaughan Mills Mall), Hwy#7 outlet stores, Go Station and much, much more. This could be your best once in a life time investment. The price starts from the low $274,990,000’s to over $400,000. Estimated occupancy is in 2014.

The Insider’s Agent Price has just Released. Contact me for floor plan and Price List.

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Abacus Lofts

 

Abacus Lofts will comprise 40 suites that range from 469 square feet to 1,284 square feet. Prices start in the mid-$200,000s and go to more than $700,000. Occupancy is slated for 2014.

The Abacus Lofts will have nine-foot ceilings in principal rooms, floor to ceiling windows and exposed concrete ceilings, depending on the plan.

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Homes on the Dundas-facing front of the building will have balconies; lofts at the rear of the building will have terraces. All will have a gas barbecue connections and hose bibs.

Kitchens come with Scavolini cabinetry and island, a choice of stone or quartz surface countertop and mosaic tile backsplash. A stainless steel appliance package a gas cook top and electric built-in oven.

Bathrooms will have a soaker tub and shower with frameless glass enclosure, depending on the plan.

Coming soon to the dynamic Dundas and Ossington neighbourhood, Abacus Lofts is iconic architecture fused with carefully-curated living spaces for the urban lifestyle. Oversized homes ranging from extra-wide one bedrooms to lavish multi-bedroom homes with outstanding terraces. Bold, striking architecture, complimented by interiors crafted in fine hardwoods, exposed concrete, glass walls and decadent Italian kitchens.

Life in the centre of the city, infused with style and sunlight. Abacus loft Shift your vision.

By indicating your interest in Edition Richmond Residences at this early stage, you’ll be among the first to be invited to view Price List and Floor Plans and take advantage of our insider’s member club.

 

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Canary District Condos

 

Canary District Condos will evolve into the largest urban village Toronto has ever seen. Anchored at Front and Cherry Streets, just east of Distillery District, Canary District Condos will be a visionary community, with thousands of new condominiums, an 18-acre Don River Park connecting to the Larger Toronto trail system, boutique retail, dining, sports, art and culture.

Designed by an international, star-studded team of architects as an eco-friendly LEED Gold destination, Canary District Condos will catch the eyes of the world as it transitions from a home for athletes participating in the 2015 Pan/Parapan American Games into a celebration life and nature, family and community.

CONDOMINIUMS FROM THE LOW $200’S

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By indicating your interest in Canary District Condos at this early stage, you’ll be among the first to be invited to view Price List and Floor Plans and take advantage of our insider member’s club.

 

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Context King West Condos

 

This is the aesthetic of Context King West Condos. A real building for real people. Shared spaces and organic architecture that encourage connection, community and design for everyone. Brought to you by Context, Toronto’s most award-winning developer whose projects command some of the highest rents and resales in the Toronto market.

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Context King West Condos combines two types of design. Warm and welcoming grounded brick archways. Contemporary, light-filled geometric shapes. A distinct environment whose unity is based on the connective roots of community. No memberships. No lineups. No restricted access. Creating a new village in the urban environment.

Context King West is a new alternative for condominium living. It’s a reaction to the provocation and demands of the area.

Context King West Condos is the answer, reconnecting the area with honesty and authenticity.

SUITE FEATURES AND FINISHES

General

  • 9’ ceiling heights except where bulkheads occur.
  • Individually controlled heating and air-conditioning via state of the art system.
  • 4” square edge baseboards with paint grade finish and slab doors with modern hardware.
  • Front loading washer and dryer.
  • Smooth plaster ceilings. Flooring
  • Porcelain tile flooring on acoustic underlay in foyers (where applicable), kitchens, and bathrooms with choice of porcelain or engineered hardwood in living/dining areas and bedrooms.

Kitchens

  • Custom designed kitchen cabinetry in a variety of colours and finishes with integrated appliances and matching panels for fridge/freezer and dishwasher.
  • Stone countertops and custom coloured backpainted glass backsplashes.
  • Designer selected under mount single bowl stainless steel sink and high-arc single lever faucet with pull out.

Bathrooms

  • Custom designed vanities with space saving drawers and solid surface tops
  • with integrated sinks.
  • Designer selected single lever faucet, shower head, valve, tub filler, and two piece modern toilet.
  • Tiled floor to ceiling feature wall in master en-suite or in the bathroom of single bathroom units with tiled tub surrounds and tiled shower walls (as per plans).
  • Custom framed mirrors throughout.

Technology and Electrical

  • High speed internet wiring/access
  • Pre-wired telephone and cable television outlets
  • Designer selected electrical fixtures as per plan (adjustable light fixture above bathroom vanity available as an upgrade)
  • Pot lights in foyers and bathrooms where dropped ceilings occur as per plan and vapour barrier recessed pot light in tub and shower areas
  • Under cabinet lighting in kitchens

Safety and Security

  • Walnut veneer suite entry door with modern hardware and security viewer
  • Smoke, heat and carbon monoxide detectors provided in all suites

Context King West The Lanes V.I.P. Price List

CONTEXT KING WEST is a new alternative for condominium living. It’s a reaction to the provocation and demands of the area. “Give me a place with community. A place with purpose.” CONTEXT KING WEST is the answer, reconnecting the area with honesty and authenticity.

Building & Suite Features

  • Progressive Architecture from Hariri Pontarini
  • Burdifilek designed interiors in Lobby, Amenities and common areas
  • Comprehensive two storey amenities centre equipped with the latest strength and cardio equipment, male and female change room with steam rooms, party room, and lounge
  • 9’ Ceiling Heights except where bulkheads occur
  • Custom designed kitchen cabinetry in a variety of colours and finishes. Appliances feature an intergraded counter depth fridge and dishwasher with matching panels and separate wall oven, cook-top and microwave
  • Front loading washer and dryer
  • Stone countertops and custom coloured back-painted glass backsplash
  • Designer selected under mount single bowl stainless steel sink and high-arc single lever faucet with pull out.
  • Custom designed vanities in bathroom with space saving drawers and solid surface tops with integrated sinks
  • Designer selected single lever faucet, shower head, valve, tub filler, and two piece modern toilet
  • Under cabinet lighting in kitchens
  • State of the art individually controlled heating and air conditioning system
  • Smooth plaster ceilings
  • Custom framed mirrors throughout
  • Pot lights in foyers, and bathrooms where dropped ceilings occur as per plan and vapour barrier recessed pot light in tub and shower areas
  • Walnut veneer suite entry door with modern hardware and security viewer
  • High speed internet wiring/access
  • Pre-wired telephone and cable television outlets.
  • Smoke, heat and carbon monoxide detectors provided in all suites

 

 

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