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Category Archives: Pikcering Homes

Condo Prices Grow at Moderate Pace in Q2

Condo Prices Grow at Moderate Pace in Q2

July 18, 2012Greater Toronto REALTORS® reported 6,435 condominium apartment transactions during the second quarter of 2012 – down by 2.6 per cent compared to 6,609 transactions reported in the second quarter of 2011. New listings for condominium apartments were up substantially on a year-over-year basis, climbing by 19 per cent in comparison to 2011.

“The condominium apartment market has been the best-supplied market segment in the GTA this year. Many condominium projects have completed over the past year and this has resulted in a substantial increase in listings and ultimately more choice for buyers,” said Toronto Real Estate Board President Ann Hannah. “The greater degree of choice in the condo market translated into a moderate rate of price growth compared to what was experienced in the low-rise market segment.”

The average price for second quarter condominium apartment sales was $342,212, representing a 3.2 per cent increase over the same period in 2011.

“Sellers seemed to be well-aware of condo market conditions in the second quarter. On average, units were priced in line with buyer expectations, with apartments selling for 98 per cent of the asking price in less than a month’s time,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. 6,435 6,609 Second Quarter 2012 Second Quarter 2011

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FAD Condos

 

Arrive in style. FAD : Fashion District Condos. Coming to a runway in the Fashion District, where Spadina meets Queen West. Fusing the Garment District along Spadina with the trend setting fashion scene of Queen West. The result is a hip, fashion forward residence FAD : Fashion District Condos, a stunning residence where style is its core.

Introducing FAD Condos, located at 170 Spadina Ave. Presented by Tri-win International, FAD Condos will be a contemporary tower that will add some cool yet respectful architecture to the corner of Spadina and Queen Street West. Designed by Wallman Architects, FAD Condos will do something we love: take a small pocket of underused land and transform it into something of which the city can be proud. FAD will raise 19 storeys on what was once a low-rise commercial building. The project will include 210 units, with just 44 parking spots in an underground garage.

Suites are starting in the $200,000s.

By indicating your interest in FAD 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 coming in to our member circle.

 

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HighPark Residences Condos

HighPark Residences Condos – Where Urban Living Meets Mother Nature! Situated across from High Park and steps to Bloor West Village. HighPark Residences will offer Condominium Suites and Urban Townhomes.

Suites start from mid $300,000s.

Daniels Corporation Proposed to build a staggered 14 storey condominium building at 1844 Bloor St W that would have 364 units. The parts of HighPark Residences Condos adjacent to a street would be 6 storeys high with commercial units on the ground floor along Bloor Street. Higher floors would be stepped up along the back and centre of the building to a maximum of 14 storeys.

By indicating your interest in HighPark Residences 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 coming in to our member circle.

 

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Strong Sales and Price Growth in May

 TORONTO, June 5, 2012 – Greater Toronto REALTORS® reported 10,850 transactions through the TorontoMLS system in May 2012 – an 11 per cent increase over the 9,766 sales in May 2011. Sales growth was strongest in the ‘905’ regions surrounding the City of Toronto.

“Sales growth in the ‘905’ area code was stronger than growth in the City of Toronto across all major home types. While lower average prices are certainly one factor that has contributed to this trend, recent polling also suggests that the City of Toronto’s land transfer tax has also prompted many households to look outside of the City for their ownership housing needs,” said Toronto Real Estate Board (TREB) President Richard Silver.

 

New listings were up substantially on a year-over-year basis in May – rising by more than 20 per cent to 19,177.

 

The average price for May 2012 sales was $516,787, representing an annual increase of 6.5 per cent compared to $485,362 in May 2011. Price growth continued to be driven by the low-rise market segment.

 

“Strong competition between buyers seeking to purchase low-rise home types drove strong price growth in May. However, if new listings continue to grow at the pace they did in May for the remainder of 2012, the annual rate of price growth should begin to moderate on a sustained basis,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. Source: TREB

 

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Land Transfer Tax Poll Results Released

 Land Transfer Tax Poll Results Released Ahead of Important Announcement by Toronto Real Estate Board

TORONTO, June 1, 2012

– Ahead of an important announcement to be made on Monday June 4th, by the Toronto Real Estate Board (TREB), regarding efforts on the City’s Land Transfer Tax, Toronto’s REALTORS® are releasing results of public opinion polling that shows, among other results, a strong majority of Torontonians, 66 percent, support plans to repeal the Toronto Land Transfer Tax.

The detailed polling results were formally presented by Mike Colledge, President, Canadian Public Affairs for Ipsos Reid at a TREB luncheon attended by various elected officials from all levels of government, shelter charity representatives, real estate industry representatives, and TREB Members.

“REALTORS® know that the Toronto Land Transfer Tax is having an impact on our City, and these poll results show that the public understands this too,” said Richard Silver, President of TREB. “The Toronto Land Transfer Tax is impacting real people and real jobs and it’s holding our City back. It’s time for action. TREB is looking forward to making an important announcement on this, next Monday.”

Among other key highlights of the poll were:

77 percent of Torontonians who recently purchased a home in Toronto feel that they received little or no added value in City services for the amount of Land Transfer Tax paid to the City;

A third of first-time buyers indicated that they had to pay some Land Transfer Tax to the City, notwithstanding City rebates;

 

In a list of issues facing municipalities, housing affordability was most often ranked as the most important by Torontonians, ahead of traffic congestion;

 

78 percent of Torontonians believe that property taxes are more transparent than the Land Transfer Tax and make it easier for the public to hold City Council accountable for their spending decisions;

 

Public opposition to the land transfer tax remains strong even if the tax were to be dedicated for spending on transit and infrastructure, with more than two-thirds, 68 per cent, opposed to this idea;

 

61 percent of Torontonians believe that City spending on programs and services is efficient and cost-effective. This is up from 45 percent a year ago, indicating a significant improvement.

This poll is the third conducted for TREB by Ipsos Reid in the last year.

 

“Public opinion on the Toronto Land Transfer Tax has remained consistent through all the ups and downs of the economy and City Hall debates. Clearly, the public’s opposition to this tax is strong,” said Von Palmer, TREB’s Chief Government and Public Affairs Officer. “We understand the importance of quality services to building a great city, but we believe that those services should be funded fairly and reliably.”

 

TREB will be following-up on the release of this polling data with the release of additional results and an important announcement on efforts regarding the Toronto Land Transfer Tax, on Monday June 4th.The poll was conducted by Ipsos Reid, from April 30 to May 7, 2012, with a sample of 1,257 adults, of which 653 live in the City of Toronto, and 604 live in the surrounding 905 region, with a margin of error of

+/-2.8 percentage points, 19 times out of 20. Questions were posed to only Toronto residents, or only 905 region residents, or both, as appropriate, depending on the question.  Source: TREB

 

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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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