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Category Archives: Pickering Condos

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Northglen

Northglen is Bowmanville’s unique and highly desirable family neighbourhood. This successfully master-planned community offers an innovative approach for active modern families with parks, pathways, a pond and more. Everything is right at your fingertips and you will be surrounded by recreational activities, trails and conservation areas. The Northglen community offers the security and tranquilly of country living, yet is just minutes from the thriving downtown district of Bowmanville. You will be well connected to all major commuter routes including the new 407 extension, giving you easy access to town and city centres.

Natural Space

At the heart of the neighbourhood is a large open natural space with trails and pathways, complete with sports parks, a splash pad and playground areas. Choose to ride a bike, take a stroll, join in a quick game of soccer or just unwind from the stresses of everyday life. Here you and your family can create real connections, make forever friends and enjoy your neighbours. You may even choose a summer stay at home vacation with so many possibilities, all right here.

Northglen redefines the concept of neighbourhood, building innovation and thoughtful design into each element. Esquire Homes and Highcastle Homes, are both leaders in their industry and master builders of outstanding new home communities all across the GTA and Southern Ontario. Together they have successfully created a community that is simply a better place for families to grow and prosper. More than 650 families now call Northglen home, taking advantage of the outstanding investment and value here.

Builder’s inventory Homes move in Ready in 30-90

All detached Homes from low $600’s

  • Windsor 2596 sqft Model

4 bedrooms house with walkout Finished basement.

  • Carlisle 2,528 Sq. Ft Model

4 Bedrooms with Look out basement Multi-Level Home With Balcony

  • Canterbury 2,869 Sq. Ft Model Elevation B (Corner)

4 Bedrooms corner lot all Brick and Stone.

 

  • Dalton 2,480 Sq. Ft Model 

4 Bedrooms buyers to choose interior finishes

 

  • Berkeley 2,376 Sq. Ft Model 

4 Bedrooms buyers to choose interior finishes

 

  • Canterbury 2,800 Sq. Ft Model Elevation B (Corner)

4 Bedrooms corner lot all brick

 

  • Carlisle 2,528 Sq. Ft Model Elevation A

4 Bedrooms multi level home

 

  • The Winchester Model 

4 Bedrooms 

 

  • Winchester (corner lot) Model 

4 Bedrooms 

 

  •  Foundry Model 2080 Sqft

4 Bedrooms 

 

  • The Sherbourne Model 

4 Bedrooms 

 

  • The Thornbury Model

4 Bedrooms 

 

  • The Astley Model Elevation B

4 Bedrooms 

 

 

  • The Buckingham 2,856 Sq. Ft Model Elevation A

4 Bedrooms backing to green space

 

  • The Astley Model

4 Bedrooms 

For full list of inventory homes please click here   or visit http://www.SnapHomes.ca 

Bowmanville New Homes

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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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Pickering New Homes

New master plan community of 25,000 homes in high demand area of Pickering. Mixed of Freehold Townhomes and Detached Homes. Starts from $700’s upto 3500 sqft. Occupancy date between 2019-2020. For limited time receive up to $15,000 in upgrades. Please contact for detail.

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It’s also a central component of a landmark vision that will transform north Pickering. When Seaton is completed, it’s estimated that there will be 35,000 jobs created right in the community, as well as 70,000 total residents.
Not to mention all the parks, schools, hiking trails, shopping and dining amenities you’ll need to make this an amazing place to call home.

So when you choose to live in Pickering, you’re also choosing to live at the heart of the GTA’s most visionary new lifestyle community.

Click Here To Register To Get Pricing & Floor Plans

 

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

 

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Things to know about disclosure and clauses

5 things to know about disclosure and disclaimer clauses

 

The basement floods after closing. Can the buyer sue the seller? The agreement contained wrong information about the property dimensions but also included a disclaimer clause. Can the buyer sue if there is a problem after closing? Do you need to disclose a murder that occurred in a home? These are not simple questions, but if you remember the following principles, you should be able to understand the law.

 


Here are 5 key lessons to remember:

1.    When there is a flood after closing, the buyer will have to prove that the seller knew about this defect and that it was serious or else that the seller actively concealed the defect from the buyer. It will also depend on whether the buyer conducted a home inspection and in the case of basement water, whether the seller actually finished the basement themselves. A buyer will have to prove that the seller must have known about the problem during their ownership. Buyers will have to take pictures of the damage and bring in an experienced contractor who will be able to look at the damage and then give an expert opinion, in court if necessary, that the seller either must have known about the problem or did work behind the walls to conceal the problem. If the buyer cannot prove this, they will likely not be successful.

2.    The defect must make the property uninhabitable or dangerous. This means that the defect must be so serious that the buyer may not be able to continue living in the property. This would include a foundation problem. It is not clear if this would include a disclosure that the property was previously used as a grow op, as it would depend on the extent of the operation and whether it was actually remedied according to accepted industry standards. It would also depend on whether the buyer could obtain insurance for the property. Suffice to say that if the seller does not disclose a minor basement leak, the buyer will not be successful suing about it after closing.

3.    The law is not settled as to whether a seller needs to disclose a property stigma, whether it is a murder, suicide or neighbourhood condition, such as a pedophile who lives next door. Most appraisers will tell you that this will affect a property’s value. However, it will still be hard to prove that this stigma would make the home uninhabitable and this is why many lawyers will tell you that you do not have to disclose property stigmas.

4.    If you advertise the boundaries of a property in a listing, can the buyer get damages or get out of the deal if it turns out the boundaries are incorrect? Will it make a difference if there is a disclaimer clause in the offer itself, saying that the information, while believed to be correct, is not guaranteed and should not be relied upon without independent verification? In most cases, if the disclaimer is there, the buyer will not be able to sue the seller for any damages and will need to make sure that they do their own proper due diligence in advance. The lesson for any buyer is to make sure that if there is a disclaimer present, that you check a survey of the property or make the deal conditional on your own independent verification of all boundary lines.

5.    If you have any concerns about disclosure, ask the sellers point blank if they have had any water in the basement, murders or grow houses on the property in the past, or insert a clause to this effect in your offer. The sellers then have to respond truthfully. Speak to the neighbours and ask if any repairs were done at the property during the past year or whether there are any other issues with the property that you should know about. Also ask the neighbours about anything peculiar going on in the neighbourhood, including asking about the neighbours on either side of the property you are interested in buying. A major reason sellers sell a home is simply to get away from a neighbour.

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

Source: Mark Weisleder LLB

 

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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Gramercy Park Condos Phase I, II

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A Private Oasis

Amidst the steel and concrete of New York is a beautiful private oasis called Gramercy Park Condos. A tranquil green space designed and built for the exclusive enjoyment of a privileged few.

Inspired by that one-of-a-kind experience, Toronto now has its own Gramercy Park Condos, an exquisite condominium residence designed around an immaculately landscaped private park.

A beautiful space where body, mind and spirit can commune with gorgeous nature. A garden of Eden, where residents can escape the strident demands of a bustling metropolis and enjoy a moment of peace and serenity.

Welcome to Gramercy Park Condos. Your private oasis in the city.

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Though tucked away in a serene setting. Gramercy Park Condos is just a short walk from the Wilson subway station. From here, residents are conveniently connected to every part of Toronto. An evening date in the theatre district? Just hop on the subway and you’re there within minutes. Shopping at an east end mall? Let “The Better Way” take you there with ease and comfort. Apart from the subway, you have numerous bus routes, highway 401 and a GO Transit bus stop-all within ten minutes of home. At Gramercy Park, you’re well connected with everything the city has to offer.

Features & Finishes

Suite Features

  • The suite entry door is solid core with elegant lever hardware and privacy viewer
  • The suite’s interior doors are semi-solid with the same elegant lever hardware
  • Door casings are wood, with 4” baseboards
  • Interior walls are painted off-white
  • Lavish, 35 oz carpeting adorns bedrooms and dens
  • Laundry area floor is graced with lovely ceramic tile
  • 8’ ceilings in principal rooms on typical floors
  • Spacious 9’ ceilings in principal rooms in ground floor suites in both buildings, along with 9th floor suites in the east building, plus the 10th, 11th and 12th floors in the west building

Foyer Features

  • Ceramic tile flooring*
  • Mirrored sliding closet doors**
  • Quality ceiling fixture

Kitchen Features

  • Stylish custom cabinets*
  • Elegant granite countertop and ceramic backsplash
  • Ceramic tile flooring*
  • Double stainless steel sink** with a single lever chrome faucet
  • Choice of exquisite black or white appliances, including 18 cu. ft. refrigerator, electric range with self-cleaning oven, multi-cycle dishwasher, and over-the-range microwave oven with fan. Plus, white full-size stacked washer/dryer.
  • Three-head track halogen lighting

Bathroom Features

  • Plenty of storage in custom bathroom vanity with full-width lower storage drawer*
  • Lovely laminate counter top* with drop-in sink and chrome sink faucet
  • Vanity mirror with elegant light fixture
  • Ceramic tile flooring with full-height ceramic surroundings for shower and tub*
  • Chrome framed glass shower door in the shower stall**
  • Pressure-balanced chrome tub and shower valve
  • White fixtures

Mechanical, Electrical & Wiring Features

  • Individual season-controlled heating and cooling system
  • Individual remote suite hydro meter
  • Elegant light fixture in the hall and walk-in closet**
  • Dining room features a capped switched ceiling outlet
  • Switched wall outlet in living room, den and bedrooms
  • White Decora-style light switches and receptacles
  • Suites are conveniently pre-wired for TV outlets in the living room, bedrooms and den (where applicable)
  • Also conveniently pre-wired for telephone outlets in the kitchen, living room, bedrooms and den (where applicable)
  • The entire building is pre-wired for high-speed Internet access
  • Hardwired smoke and heat detectors are included in every suite

Building Amenities – The Gramercy Club

  • A beautiful, 2-storey glass-enclosed building filled with incredible conveniences and luxuries
  • 24-hour concierge to cater to your needs
  • Well-equipped fitness room and yoga room
  • Indoor oasis with pool and whirlpool, overlooking an outdoor sun terrace
  • Men’s and women’s change rooms feature steam rooms, showers and lockers
  • Entertain in a well-equipped party room with catering kitchen
  • Enjoy a lovely meal in the private dining room
  • Be entertained in complete comfort in the theatre
  • Enjoy your leisure time in a fantastic games room
  • Pamper your pets in the pet spa
  • Pamper your guests in the two guest suites
  • The community features a live-in superintendent
*Choice from Vendor’s standard samples
**As per plan Vendor shall have the right to substitute other products and materials for those listed provided that the substituted materials are of a quality equal to or better than the products and materials listed

BONUS WITH PURCHASE

Saffron: 1 parking space, $10,000 cash back AND $5,000 in upgrades

Marigold: 1 parking space, $5,000 cash back OR $8,000 in upgrades

Penthouses: 2 parking spaces and $25,000 in upgrades

Suite Features

Pre-engineered wood veneer flooring throughout (except in kitchen, bathrooms and laundry closet). Electric fireplace with wood surround in living room/dining room, as per plan. Kitchen to include choice of stainless steel, black or white appliances and glass, smooth top self-cleaning range. Pantry or pantry shelving, as per plan and granite countertop with under mount sink. Laundry room to feature full size, side by side washer and dryer. Master ensuite features marble countertop with under mount sink and chrome sink faucet. Powder Room or Main Bathroom (if no powder room) to feature marble countertop with under mount sink and chrome sink faucets.

Multi-media Technology

Pre-wired for cable TV outlets in living room, bedroom and den. Pre-wired for telephone outlets in kitchen, living room, bedrooms and den. Building pre-wired for high-speed internet access. Hardwired smoke and heat detectors in every suite.

The Gramercy Club

2-story glass-enclosed amenity building. 24-hour concierge. Equipped Fitness room and Yoga room. Indoor pool and whirlpool opening onto an outdoor sun terrace. Men and Women’s change rooms with showers and lockers. Party room with catering kitchen. Private dining room. Theatre. Games room. Pet spa. Two Guest suites. Superintendent suite. Private, extensive, landscaped park.

*All prices, figures and materials are preliminary and are subject to change without notice E &O.E. Note: All areas and stated room dimensions are approximate. Floor area measured in accordance with Tarion Bulletin #22. Actual living area will vary from floor area stated. May 19, 2012.
 

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