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Category Archives: Rental Market

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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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Urban Townhomes

Rouge Townhome

It is a new townhouse development currently under construction. The development is scheduled for completion in 2018. Sales for available units range in price from $504,990 to over $674,990 and the unit sizes range from 841 to 1300 square feet.

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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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

 

X2 Condos

Qr  X2

 

X2 Condos is one of the best investment condos downtown. X2 Condos is the second phase of X The Condominium, and is located on the south side of Charles Street, one block south of Jarvis and Bloor. Prices are starting at just $533 per square foot, with the average price for the building being approximately $595 per square foot.

Suite Features

Ceiling heights of approximately 9 feet. Luxurious finishes include a choice of designer-selected pre-finished engineered flooring in living/dining areas, kitchen and foyer. Porcelain floor tiles in the bathroom. Contemporary kitchen cabinetry custom designed by internationally renowned interior design firm Cecconi Simone. Choice of granite or corian countertops. Stainless steel appliances including counter-depth refrigerator, self-cleaning range, built-in dishwasher and microwave. Stacked brand-name washer and dryer.

 

Building Features

X2 is a dramatic 49-storey building featuring a double-height lobby designed by Cecconi Simone with 24/7 concierge service. “The Core” on the 9th floor will include yoga / aerobic / pilates room, his and hers steam and change rooms, cardio room, weight room, fitness training room, billiard room, kitchen / dining / bar lounge area, piano lounge and pool side library / lounge. This floor opens onto a spectacular roof garden designed by acclaimed landscape architect Janet Rosenberg + Associates. This area will include an outdoor swimming pool, seating, sunning area and trees. It will be like a resort in the city!

 

 

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. April 06, 2013. *Please see a Sales Representative for details.
Admin Last Updating April 23, 2013

Model Hayes Includes Parking and Locker, Deposit for this Unit 3803 is 10% For all Other Units:

5% Deposit ( and 1% on Occupancy)

$5000 with Offer

Balance of 5% in 30 Days

1% on Occupancy    

Models Manuel and Montoya get: $15,000 Discount off the top of the price plus Free locker

All 2Story Suites get: $15,000 Discount plus 1 Parking and 1 Locker included in the purchase price

Floorplans are not to scale and is subject to architectural review and revision, including without limitation, the Unit being constructed with a layout that is the reverse of that set out above. All materials, specifications, details and dimensions, if any, are approximate and subject to change without notice in order to comply with building site conditions and municipal, structural, Vendor and/or architectural requirements. Actual floor area may vary in accordance with Bulletin 22 published by the Tarion Warranty Corporation. Bulkheads are not shown on floorplans and may be located in areas of the Unit as required to provide venting and mechanical systems. Balconies, Terraces and Patios if any are exclusive use common elements, shown for display purposes only and location and size are subject to change without notice. Window location, size and type may vary without notice. E.&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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Encore at Equinox

encoreQr

This new luxury development by Monarch offers an affordable lifestyle and includes many modern amenities starting from as low as $139,990*. All suites include expansive windows, balconies, terraces and/or solariums. Choose from studios, one bedroom, one-bedroom-plus-den, one-bedroom-plus solarium, two-bedroom and two-bedroom-plus solarium suites. Standard suite features include strip laminate flooring in the living/dining room, 40-ounce broadloom in the bedrooms, and contemporary kitchens with stainless steel appliances and granite countertop.

Features And Finishes

Bathroom

  • Ceramic tile flooring*** from Vendor’s standard samples*
  • Chrome bathroom towel bar and toilet paper dispenser (ceramic soap dish in tub/shower to be white)
  • Contemporary designed vanities*** from Vendor’s standard samples*
  • Cultured marble countertop with integrated contemporary washbasin and single lever faucet
  • Main bathroom vanity to include lockable medicine drawer*
  • Separate shower stall with framed glass door to include ceramic tile from Vendor’s standard samples on shower wall to ceiling (excluding ceiling) with ceramic base to match floor tile*
  • Tub enclosure to include ceramic wall tile from Vendor’s standard samples to ceiling (excluding ceiling)
  • Vanity mirror with designer selected decorative light fixture

Electrical

  • Ceiling light fixtures in foyer, hallway, kitchen, bedroom(s), den and walk-in closet*
  • Individual 100amp service panel with circuit breakers and copper wiring within suite (110/208 volt)
  • Pre-wired for cable TV in all bedrooms, living room and den* and separate telephone line in all the above rooms plus kitchen*
  • Smoke and heat detectors

Foyer

  • Interior designer detailed suite entry with solid core entry door complete with security view port and brushed metal lever hardware
  • Polished porcelain or ceramic tile flooring*** from Vendor’s standard samples*
  • Strip laminate flooring*** from Vendor’s standard samples
  • Suite intrusion alarm and key pad with digital display, featuring concierge to suite digital display communication

Kitchen

  • Ceramic tile backsplash*** from Vendor’s standard samples*
  • Complete brand name stainless steel kitchen appliance package including: 30’” Energy Star ® frost free refrigerator, 30” ceran top stove with self clean oven, 24” Energy Star ® built-in multi-cycle dishwasher and 30” microwave range hood fan vented to exterior*
  • Contemporary designed kitchens. Select cabinets offering horizontal awning style uppers.* One choice of colour for kitchen cabinets from Vendor’s standard samples.
  • Granite kitchen countertop with stainless steel drop-in sink(s) from Vendor’s standard samples*
  • Polished porcelain or ceramic tile flooring*** from Vendor’s standard samples*
  • Strip laminate flooring*** from Vendor’s standard samples*

Laundry

  • Ceramic tile as chosen for bathroom floor, from Vendor’s standard samples, to continue into laundry when it forms part of the bathroom*
  • In suite laundry with white, full sized, stacked dryer vented to exterior* and Energy Star ® front load washer
  • Studio suites features 24” Energy Star ® under counter ventless washer/ dryer all-in-one in kitchen or bathroom*
  • Vendor’s pre-selected white ceramic tile flooring* in laundry

Standard Suite Features

*In applicable suites as per Vendor’s plan.

**Interior bedrooms are those bedrooms without any windows to the exterior

***One choice of colour per room from a range of Vendor’s standard sample colour choices

Purchasers understand that the texture and smoothness of the finish on concrete surfaces will be to concrete forming industry standards. The Vendor shall have the right to substitute other products and materials for those listed in this schedule or provided for in the plans and specifications provided that the substituted materials are of a quality equal to, or better than, the products and materials so listed or so provided. Colours and specific finishes will depend on Vendor’s package as selected. All specifications, dimensions and materials are subject to change without notice. E.& O.E. Tarion Warranty Corporation All Suites protected under Tarion (formerly The Ontario New Home Warranty Program).

Last Chance to Own a Suite at Encore !

Occupancies Start this Summer

Our Clients will Receive Up to $55,000 OFF

$55,000 OFF on the 888sq.ft. 2Bedroom + Solarium !

Plus A Free Parking Space And A Free Locker

Don’t miss out on this chance to own a suite at Encore!

*Prices, specifications and promotions are subject to change without notice.Please see Sales Representative for full details. E.&.O.E. March 2013.

Last Updating March 18, 2013

 

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Condo Pro: The Investment of a Lifetime

By Barbara Lawlor

A substantial percentage of our clients at Baker Real Estate Incorporated buy condos as an investment to add to their financial portfolio. Real estate remains one of the soundest investments anyone can make. In fact, many people feel more comfortable investing in the tangible asset of a condominium rather than stocks and bonds. Historically, those who ride out the lows of occasional real estate cycles do well in the long run. A lot of our investors are international buyers who recognize the value in our spectacular condos. They come from all over the world and from a wide variety of backgrounds and cultures.
From their point of view, they know that we have thousands of newcomers to the GTA each year, and they all need a roof over their head. Many begin by renting, so the demand for rental condominium suites promises to remain strong for years to come. We even see bidding wars going on for rental accommodations.
The point is that purchasing a condominium suite with the intention of renting it out is a viable financial strategy. Considering bang for the buck, you get a lot for the price per square foot when you go condo. In addition, condominiums are bound to increase in demand across the GTA as our strong immigration continues and the price of low-rise homes rises even more. Renters know that the amenities and landscaping in a condo will be kept up well, and that with many owners living in the building, their neighbours will take care of their homes. This is a win-win situation.
Here are a few tips for making the most of your decision to buy a condo as an investment.
· Buy early in the marketing/sales process to get the best price.
· Buying early usually means delivery dates are between three and six years, and many buyers make money and earn equity before occupancy.
· Today’s condos are typically built close to transit nodes and have amenities within walking distance, as well as beautiful amenities right in the buildings. Be sure to select a convenient location.
· Most investors select from the builder’s standard finishes, which are gorgeous today. A lot of the new suites come with hardwood or laminate flooring in the main living areas because so many people have allergies today. Think neutral with choosing, as these finishes appeal to a broader target market.
· When you consider the kind of suite to purchase, look carefully at the difference in price between a one-bedroom and one-plus-den. Often, the ability to charge more for rent for a unit with a den outweighs the extra amount at purchase. The den really opens up your market for renters, as it can be used as an office, or a second bedroom with a Murphy bed in it. In essence, these become junior two-bedroom suites. And if the suite has two bathrooms, all the better, especially if a couple students are sharing the space. If your pocketbook can handle only one bedroom, it is still a wise investment choice as a starter rental. These suites are rented are filling a major void in today’s market.
· Be sure to buy from a reputable builder with a track record for success with striking condominiums in amazing locations. I am happy to say that you have excellent choices in Toronto and beyond.
If you choose to live in the condominium you buy, your suite can still be considered an “investment” in two ways: in your quality of life and your peace of mind. Condos save time with so many amenities close by and maintenance taken care of by the Condominium Board. In addition, it is comforting to come home to a building where you know the concierge has a vigilant eye-on-the-street and security monitors for areas like underground parking.
However you slice it, buying a condominium is a great idea for anyone, investor or end-user, of any age – and the sooner, the better!
Source: Toronto Star.
 

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Grand Palace Condominiums

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Grand Palace Condos is a new condo project in Richmond Hill by Guizzetti Corporation located at Yonge St. & Weldrick Rd. and available in the mid $300,000’s. Taste the Luxury life at Grand Palace Condos, 15 floors towers with great views of Richmond Hill… The surrounding fine shops and restaurants make this the perfect neighbourhood for a soothing stroll. Become part of a superb and established community featuring beautiful estates, golf courses, and luxury living amenities! Your neighbourhood is one of prestige, safety and splendor.

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Home is where the heart is, and in the heart of Richmond Hill stands a refuge for the refined. Welcome to the future of condominium living, where superior construction meets elegance and function meets luxury. It’s all here in one architectural marvel on the West side of Yonge – convenience, creature comforts and all the lavish trimmings.

Grand Palace Condos’ suite is a haven of stately grace. Floor-to-ceiling glass walls provide natural daylight and your window to the world. Every detail is of the finest quality, including deluxe appliances, fixtures and imported granite, marble and ceramic finishes. Within this contemporary design the final touches are uniquely yours. Select a design package for an ambiance that reflects your own inimitable sense of style

Luxury Features & Finishes

Imported Stone Countertops

  • No two cuts of stone are ever alike. The elegant centerpiece of your future kitchen and bathrooms is guaranteed to be one-of-a-kind.
  • Choose from an exquisite array of granite countertops for the kitchen (including breakfast bar where applicable) and bathrooms.

Fisher & Paykel refrigeration

  • The Grand Palace is proud to present the elite Energy Star certified Fisher & Paykel EZKleen stainless-steel “Active Smart” refrigerator, a brand long synonymous with style and cutting-edge innovation.

Water Saving Fixtures

  • In the kitchen, premium fixtures include a double sink and single-level faucet with pull-out vegetable sprayer for double the convenience.
  • In the bathrooms, enjoy temperature-and pressure-balanced fixtures throughout plus under-mount sinks and a 5’ soaker tub.

A Grand Entrance

  • The foyer features a 9’ ceiling and mirrored closet doors. *

Sense of Greatness

  • Smooth-finished 9’ standard ceilings create an enhanced sense of spaciousness in the kitchen and all bathrooms.

Prestigious Floor Coverings

  • Luxury at your feet. Your suite features premium laminate flooring in the bedroom, living room, dining room, den – even the kitchen in all open-concept layouts.
  • Should you desire, carpeting can be substituted in the bedroom.
  • Premium porcelain tiles complete the picture in all bathrooms and kitchen (when layout permits). Your choice of porcelain or ceramic in foyer.

Gourmet Kitchens

  • Stylish entertaining begins and ends in your gourmet Grand Palace kitchen, tastefully designed for your convenience and culinary pleasure.
  • Custom-designed contemporary kitchen cabinetry features 42” uppers with extra depth over the Fisher & Paykel refrigerator, with cabinet doors available in your choice of 6 dramatic door profiles and 3 exciting colours.
  • Get more done with the power of Whirlpool appliances. Designer Whirlpool kitchen appliances include an Energy Star® stainless-steel high-efficiency time-delay dishwasher, stainless-steel self-clean built-in combination oven, 30° electric ceramic glass cook top, and a 30”wall-mount glass canopy hood or a 20 cubic-foot stainless-steel microwave/hood fan combo.
  • Attractive backsplash options include your choice of modern mosaic or ceramic tiles.
  • Under-mount sink offers a clean countertop to showcase the designer stone to dramatic effect.
  • Under valence & lighting.

Laundry

  • Whirlpool full-sized stacked front-loading dryer and Energy Star® high-efficiency front-loading washer.
  • Premium ceramic flooring.

Spa-Like Retreats

  • Elegant full bathrooms offer modern luxury features including built in deep soaker tubs with a full-height ceramic surround.
  • Ensuites include a separate shower with recessed lighting and frameless tempered glass enclosure.
  • Custom double-door vanity, granite countertop and a medicine cabinet with mirrored door above.
  • Convenient light in the shower.
  • Dual-flush high-performance toilet saves water.

Design & Comfort Details

BASEBOARDS & CASINGS (PSC Certified)

  • Architecturally designed modern 5” baseboards.
  • Painted casings on interior doors.

HARDWARE

  • Lush brushed-metal hardware.

PAINT

  • Walls, baseboards, trim and doors to be professionally painted with primer and finished with two coats of off-white eggshell wall paints (no-or low-VOC).

WINDOWS

  • Architecturally designed aluminum window frames with thermally insulated low-e coated double-pane sealed glazed window units that conserve energy.

COMFORT SYSTEMS

  • Year-round in-suite individual climate control ensures your suite is heated or cooled to your personal comfort.

COMMUNICATION SYSTEMS

  • Pre-wired cable, television and telephone outlets throughout offer modern communication convenience. *

LIGHTING

  • Artfully designed ceiling-mounted halogen track lighting and under-cabinet task lighting in the kitchen.
  • Distinctive ceiling light fixtures in foyer, kitchen, den, hallways and walk-in closets. **
  • White Decora light switches and electrical outlets.
  • Capped outlets in the dining room and bedrooms.

Live in Absolute Comfort & Peace of Mind

  • Courteous concierge service will be available 24 hours a day, 7 days a week in the residential lobby.
  • Easy-use security card access at all entrances keeps the building safe from unwanted visitors.
  • Closed circuit television monitoring in underground parking for greater peace of mind.

The Height of Elegance

  • All penthouse suites feature soaring 10’ ceilings.

Relax Outside

  • Spacious balconies and terraces are perfect for outdoor entertaining.
*As per plan.
**As per vendor’s standard samples. All dimensions, including ceiling height and area, if any, are approximate and may change. Actual living area may vary from any stated floor plan. References to model types or model numbers refer to current manufacturer’s models. If these types or models shall change, the Vendor shall provide an equivalent model and the Purchaser is bound to accept the same. The Vendor shall have the right to substitute other products and materials for those listed in this Schedule or described in other plans and specifications provided to the Purchaser by the Vendor, provided that the substituted products and materials are of a quality equal to, or better, than the products and materials so listed or so provided. The Purchaser acknowledges that some items displayed in the presentation centre of the Vendor may not be standard features and finishes and may (if available) be purchased from the Vendor at an extra cost. Selections of all features and finishes, where the Purchaser is given the option to select the model, style and/or colour, shall be made from the Vendor’s predetermined standard selections. All features and finishes may vary from suite to suite. Prices and specifications are subject to change without notice. E.&O.E. May 2011

 

TOWER A

Number of Suites: 168
Number of Levels: 15

PRICING:

Floor Increments vary depending on views and locations.
See Sales Representatives for details, H.S.T. included in all prices.

PARKING:

One Parking Space Included. Additional Parking Space $25,000 + HST

LOCKER:

Available at $2,500 per Locker + HST.

MAINTENANCE FEES:

Approximately $0.54 per square feet per month.
Includes: Building Insurance and the upkeep of common areas, heat/air conditioning.
Excludes: Hydro, water, parking, locker, cable, phone, internet plus applicable taxes.

DEPOSIT STRUCTURE:

$5,000 with Offer
5% less $5,000 in 30 Days
5% in 90 Days
5% in 120 Days
5% in 365 Days

PROPERTY TAXES:

Estimated at 1.25% of the Purchase Price per annum.

Tentative Occupancy

Summer 2014

Prices & Specifications subject to change without notice. E&O.E. May 02, 2012. Admin Last Updating May 12, 2012

TOWER B

Number of Suites: 168
Number of Levels: 15

PRICING:

Floor Increments vary depending on views and locations.
See Sales Representatives for details, H.S.T. included in all prices.

PARKING:

One Parking Space Included. Additional Parking Space $25,000 + HST

LOCKER:

Available at $2,500 per Locker + HST.

MAINTENANCE FEES:

Approximately $0.54 per square feet per month.
Includes: Building Insurance and the upkeep of common areas, heat/air conditioning.
Excludes: Hydro, water, parking, locker, cable, phone, internet plus applicable taxes.

DEPOSIT STRUCTURE:

$5,000 with Offer
5% less $5,000 in 30 Days
5% in 90 Days
5% in 120 Days
5% in 365 Days

PROPERTY TAXES:

Estimated at 1.25% of the Purchase Price per annum.

Tentative Occupancy

Summer 2014

Prices & Specifications subject to change without notice. E&O.E. May 02, 2012. Admin Last Updating May 12, 2012

 

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 Grand 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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