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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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Lakeside Residences

Lakeside Residences is a new condo development by Greenland Group (Canada) currently in pre construction at 215 Lake Shore Boulevard East, Toronto. Lakeside Residences has a total of 1148 units.

Click Here To Register To Get Pricing & Floor Plans

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Lakeside Condos is a new condominium development by Greenland Group currently in pre-construction located at 215 Lake Shore Boulevard East, Toronto in the Waterfront neighbourhood with a 93/100 walk score and a 100/100 transit score. Lakeside Condos is designed by Hariri Pontarini Architects. The project is 49 storeys tall and has a total of 1148 suites.

LAKESIDE Condos Highlights:

Has a walkscore of 93/100: walkable EVERYWHERE
Located in the Waterfront Communities-The Island neighbourhood in Toronto
16 minute walk to Union Station
Walking distance to Billy Bishop Airport and The Financial District
8 minute walk to St. Lawrence Market and Toronto Island Ferry Terminal
Steps from Lake Ontario and Sugar Beach
Close access to University of Toronto St George Campus and Ryerson University
Close to shops, restaurants and entertainment
Has a transit score of 100/100: World class public transportation
Nearby parks include St. James Park, Berczy Park and Sculpture Gardens
✔ Excellent WalkScore of 93/100, perfect TransitScore of 100/100, and great BikeScore of 86/100
✔ Local and nearby attractions and things to do include the Hockey Hall of Fame, Berczy Park, the Distillery Historic District, the CN Tower, Rogers Centre, Ripley’s Aquarium of Canada, Toronto Railway Museum, Harbourfront Centre, Princess of Wales Theatre, Simcoe Wavedeck, Royal Alexandra Theatre, the Air Canada Centre, HTO Park, Glenn Gould Studio, TIFF Bell Lightbox, Toronto Music Garden, Roy Thomson Hall, National Ballet of Canada, Cynthia Findlay Antiques, Nathan Phillips Square, New City Hall (architecture), York Quay Centre, Bay of Spirits Gallery, and the Four Seasons Centre for the Performing Arts
✔ Restaurants located near the area include Belle Restaurant, Marche, Oliver & Bonacini Café Grill, Ki Modern Japanese & Bar, Over Easy, Biff’s Bistro, The Irish Embassy Pub & Grill, Wildfire Steakhouse, Jump Restaurant, IQ Restaurant, Fran’s Restaurant & Bar, Druxy’s Famous Deli, Movenpick Café, Bottom Line Restaurant, Manchu Wok, Edo Japan, Beer Bistro, Tamarind, Old Spaghetti Factory, Canoe Restaurant & Bar, Carisma, East Thirty-Six, P.J. O’Brien Irish Pub & Restaurant, Teller’s Bar & Lounge, and Uncle Tony’s Restaurant
✔ Local schools to the area include Downtown Alternative School, DreamShare Learning, Centre Des Pionniers, Market Lane Junior and Senior School, Saint Michael School, and EV Charging Station

All information, prices, terms and conditions subject to change without notice. E. and O.E.

 

 

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Limelight Condominiums

QrLime

at Mississauga City Centre

The radiance of Limelight Condos is shining on Daniels’ multi award-winning City Centre Community in the heart of Mississauga. A beacon of enlightened architecture and environmentally responsible building, Limelight Condos will soon take its place as the 5th landmark residence within this magnificent park-inspired, master-planned community.

Offering an innovative new take on condominium living, Limelight Condos will have a personality all its own. Young, fresh and vibrant, these gleaming glass towers will stand 22 storeys  and 32-storeys in height, illuminating the Mississauga Skyline with its shining beacon of light.

As the fifth landmark residence within Daniels’ award-winning City Centre Community, Limelight Condominiums will offer you more than just a home but a sense of community and belonging. Designed to fit seamlessly within Daniels’ master-planned, park-inspired neighbourhood, Limelight will dazzle with its distinctive modern architecture, forward-thinking, environmentally-friendly design, interactive amenities, superior location and unsurpassed Daniels’ quality craftsmanship.

Live in the Limelight

Features & Finishes

SPECTACULAR BUILDING FEATURES

Limelight is the most environmentally friendly condominium residence within Daniels’ award-winning City Centre Community.

An impressive 22-storey glass-clad modern tower featuring a uniquely patterned six-storey podium complete with an illuminating beacon of light at the top.

Seamlessly embedded within Daniels’ pedestrian friendly City Centre Community with easy access to Mississauga’s most anticipated three-acre community park.

Situated in the heart of the Mississauga City Centre, steps to Square One Shopping Centre, the Living Arts Centre, City Hall, YMCA, the new Sheridan College Campus, the Central Library, Mississauga and GO Transit as well as highways 403, 401 and 407.

Beautifully landscaped entrance courtyard with seating areas and walking paths.

Impressive two-storey interactive Lobby designed and furnished by an internationally renowned design team.

Tastefully decorated elevators to deliver residents to their destination.

Convenient locker and bike storage.

A convenient car share program located in the underground parking garage.

Executive Concierge welcomes residents and their guests while overseeing the sophisticated building security measures.

Resident Services Director provides onsite customer service for residents.

Building Automation Systems designed to improve resident comfort and properly manage energy use.

Twin garbage chute system for ease of refuse and recycling.

Carbon Monoxide monitoring system in parking garage.

CLUB RADIANCE

Club Radiance is a three-floor, 12,000 sq. ft. indoor/outdoor amenity space including:

Outdoor Gardening Plots, Work Stations and Potting Lounge located on the 6th floor podium.

The Spotlight Gym – a full court gym with the ability to accommodate everything from yoga classes to basketball games and much more.

The Fitness Centre that overlooks the Spotlight Gym – offering residents a full range of state-of the-art cardio and weight-training equipment.

The Starlight Party Room – complete with catering kitchen and bar, this space connects to the Starlight Terrace, including an outdoor billiards table and double-sided fireplace.

An expansive Outdoor Terrace – complete with two BBQ areas and an outdoor living room, including an outdoor TV and plenty of seating.

The Home Theatre – with comfortable theatre style seating and video game capabilities.

The Media Lounge – overlooking the full court gym.

GLOWING SUITE FEATURES

Floors 3 to 6 and 22 will have approximately 10 ft. ceiling heights in principal rooms.

Floors 7 to 21 will have approximately 9 ft. ceiling heights in principal rooms.

Solid core entry door with stained finish and brushed chrome lever hardware.

Contemporary 3 7/8” baseboards in all areas except bathroom(s) and laundry area which have a tile baseboard.

Contemporary 2 1/4” casings throughout.

Flat interior doors with brushed chrome lever hardware.

Framed mirrored sliding closet doors in foyer and bedroom(s), as per plan.

Designer white Decora-style switches and receptacles throughout.

White textured ceilings in all areas, except kitchen, bathroom(s) and laundry/storage area which have smooth painted ceilings.

Poured concrete finish to all balconies; terraces to receive concrete patio pavers, finished underside to all balconies.

Interior walls primed and painted in latex flat finish off-white paint. Kitchen, bathroom(s) and laundry/storage area painted in latex semi-gloss off-white paint.

All paint is low VOC. Latex semi-gloss off-white paint on all trims.

ILLUMINATING FLOORING FEATURES

Contemporary bamboo flooring in the hallway, living/dining room, den, kitchen, foyer and foyer closet, as per plan.

Green Label Plus textured carpet in the bedroom(s).

Porcelain floor tile in the bathroom(s). Ceramic floor tile in the laundry/storage area.

SPARKLING GOURMET KITCHEN FEATURES

Choice of fl at slab paneled cabinetry from Daniels’ select lines.

Granite countertop with single bowl stainless steel drop in sink.

Single-lever kitchen faucet.

Imported porcelain tile backsplash.

Custom designed dual use kitchen island with granite countertop, under-counter storage and seating, as per plan.

Stainless steel appliances, including 18 c.f. frost free refrigerator, self-cleaning oven, built-in 24” dishwasher and combination microwave/hood fan located above stove and vented to exterior.

GLITTERING BATHROOM FEATURES

Choice of comfort-height cabinetry from Daniels’ select lines.

Marble countertop with porcelain sink.

Single-lever water efficient chrome faucet.

Luxurious acrylic deep soaker tub with ceramic wall tile surround up to ceiling.

Framed, clear tempered glass shower stall in second bathroom, with pre-formed acrylic base and full-height ceramic tile surround, as per plan.

Polished edge vanity mirror with wall sconce located above the mirror.

Chrome bathroom accessories including towel bar and toilet paper holder.

Exhaust fan vented to the exterior.

Low consumption toilets.

TWINKLING LAUNDRY ROOM FEATURES

White full-size, stackable front loading washer/dryer combination vented to exterior.

ULTIMATELY CONVENIENT ELECTRICAL FEATURES

Suite hydro individually metered using ‘Smart Meter’ technology.

Individual service panel with circuit breakers.

Voice data and coaxial cable wiring throughout.

Cable receptacle allowing television connections located in living room, bedroom(s) and den, as per plan.

Pre-wired telephone outlets in living room, bedroom(s) and den as per plan.

Stylish ceiling light fixtures provided in foyer, kitchen, bedroom(s) and den, as per plan. Capped ceiling outlet in dining room.

Decorative style wall mounted light fixture in the bathroom(s).

All appliances connected and ready to use.

Each suite to have an “all off” electrical switch near the entry so residents can turn off all overhead lights easily.

Energy efficient lighting in all suites and common areas designed to last longer and use less electricity.

PEACE OF MIND SECURITY FEATURES

Enter-phone and cameras at all visitor entrances allowing for in-suite viewing through cable television connection direct to suite.

Resident Key Fob access throughout all common areas and parking garage entry.

Convenient underground parking with cameras in the garage at pre-selected locations, along with two-way voice communication to concierge or monitoring station.

Rough-in suite entry door contacts provided for intrusion alarm system.

Tarion Warranty Program Warranty for New Construction.
PLEASE NOTE: Prices and specifications are subject to change without notice.
All areas and stated room dimensions are approximate. Floor area measured in accordance with Tarion bulletin #22. Actual living area will vary from floor plans stated.
Builder may substitute materials for those provided in the plans and specifications provided such materials are of quality equal to or better than the material provided for in the plans and specifications. Decorative and upgraded items displayed in the furnished model suites and sales office are for display purposes only and are not included in the purchase prices. E & O.E. July 2010.

With Only 5% Deposit

and 5% due at occupancy

1 Year Free Maintenance

Limelight Condominiums North Tower Price List

(Subject to availability)

Prices increase approximately $1,000 per floor. Premiums apply to views.

*Prices on certain suites include upgrades and pre-selected finishes – see Sales Rep for details

All prices, figures and materials are preliminary and are subject to change without notice E. & O. E.  November 05, 2012
**Please see a Sales Representative for details**
Last Updating November 30, 2012

Limelight Condominiums South Tower Price List

(Subject to availability)

Prices increase approximately $1,000 per floor. Premiums apply to views.

*Prices on certain suites include upgrades and pre-selected finishes – see Sales Rep for details

All prices, figures and materials are preliminary and are subject to change without notice E. & O. E. November 17, 2012
**Please see a Sales Representative for details**
Last Updating November 30, 2012
 

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Musée Condos

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Please Visit www.Newcondoes.com with more picture and detailed information.

 

Amidst a civilized, tree-lined pocket off Adelaide West, near the vibrant street scene along King Street West, is a cosmopolitan condominium like no other. Musée elevates the urban experience with places and spaces
that prompt surprise and delight.

The 21-storey building brings an unmistakable gravitas to the neighbourhood. The dark and dramatic, stone-like base is paired with a luminous glass tower. Brilliant splashes of colour are scattered throughout, much like an immense painted canvas of a field accented with bunches of bright wild flowers.

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The modern lobby with its long, low Zen fireplace invites the outside in. Dramatically long and deep sofas interrupt texts and tweets with a social space that encourages lounging and laughing with friends. With dramatic architecture, exquisitely detailed interiors and luxurious amenities, Musée presents an uncompromisingly sophisticated take on urban style.

Features & Finishes

DESIGN AND DECOR FEATURES
•Solid core suite entry door, contemporary hardware, deadbolt lock, keyed entry, through-door viewer •Modern designer selected interior doors with lever door hardware in satin nickel finish throughout •Painted baseboard trim with matching door casings and jambs throughout •Hard surface flooring* or 60 oz. carpet* or Berber/Sisal style broadloom* in entrance area (if any), kitchen, living/dining area, bedroom(s) and den as per Vendor’s plan; white ceramic tile flooring in laundry area •Horizontal white mini-blinds on all exterior windows •Rocker style white light switches and matching white receptacles •Ceiling light in walk-in closet; bedroom(s) and den as per Vendor’s Plan •Capped ceiling outlet in the dining area as per Vendor’s plan •White designer selected windows and sliding door sills as per Vendor’s plan

COMFORT AND CONVENIENCE FEATURES
•Individually controlled year-round heating and air-conditioning systems (heat pump) with thermostat to suit Purchaser’s personal comfort levels •All water (for drinking, bathing, washing and cooking) filtered by the Building’s central-source water filtration system •Pre-wiring and outlets for telephone/cable television/internet access in living room, bedroom(s) and den as per Vendor’s plan •Individual consumption meter for electricity to reflect Purchaser’s personal consumption; separate billing from the Corporation or its service provider •Thermally isolated double-glazed windows throughout with operable sections as per Vendor’s plan •Intrusion alarm rough-in for suite entry door(s) and for windows on Level 1, which rough-in shall be provided for Purchaser’s own remote monitored individual intrusion alarm system •Built-in heat detector(s) as per Building Code •Stacked full-sized white front-loading washer and dryer vented to the outdoors •Sliding glass door or swing door with full glazing for access to Balcony,Terrace or Patio as per Vendor’s plan •Balconies have waterproof electrical outlet •Terraces and Patios have outdoor wall light, waterproof electrical outlet and hose bib as per Vendor’s plan

KITCHEN FEATURES
•Solid granite slab countertop* or quartz countertop* as per Vendor’s plan •Kitchen cabinets* with a full bank of drawers as per Vendor’s plan •Engineered laminate flooring* in kitchen where applicable as per Vendor’s plan •Light valances under upper kitchen cabinets as per Vendor’s plan •Small format halogen track lighting fixture as per Vendor’s plan •Ceramic tile* or glass tile* backsplash, all as per Vendor’s plan •Stainless steel undermounted kitchen sink as per Vendor’s plan •Single-lever kitchen faucet with integral pull-out vegetable spray •Slide-in glass cooktop and self-cleaning oven; built-in multicycle dishwasher; frost-free double door refrigerator with bottom mount freezer; built-in combination microwave over/range hood vented directly to the outdoors (stainless steel facing for each appliances)

WASHROOM FEATURES
•Solid marble slab vanity countertop* with undermounted square format sink and square format faucet •Vanity cabinet* with space saver drawer as per Vendor’s plan •Ceramic or porcelain tile flooring* and tile baseboard as per Vendor’s plan •Small format halogen pot lighting in dropped washroom ceiling as per Vendor’s plan •Full-height, full-width fitted mirror above vanity countertop as per Vendor’s plan (decorative mirror in powder room) •Wall-mounted square format temperature balance controls and rainshower shower head •Privacy lock on washroom door •Washroom ventilation fan vented directly to the outdoors

 

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The Hub Condos

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

Price list and Floor Plans Available Upon Request!

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

Starting from the low $200’s

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

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

 

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83 Sorauren Condos

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

From The Mid $200,000s

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

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

 

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155 Redpath Condos

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

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

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

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

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

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

Features + Finishes

The Building

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

Amenities

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

Suites

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

Kitchens

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

Bathrooms

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

Technology + Security

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

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

INCENTIVES PROGRAM

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

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

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

Price List and Floor Plans  are available upon request.

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

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

 

 

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