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159 Wellesley Condos

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Rehabilitation and urban intensification of a former gas station into an elegant tower showcasing design excellence, highlighted by a playful colouration of its curves. In the downtown, this central location offers excellent transit and amenities.159 Wellesley located at Wellesley Street and Sherbourne Street.

159 Wellesley Street by Diamond Corp would be a 38-storey tower with 326 condos, of which 216 would be 1-bedroom and the rest 2-bedroom units. The building would have a 4-storey podium with 2,300 square feet of street-level retail space and three residential floors, topped by a 34-storey point tower. A gym, party room, lounge and outdoor amenity space would be situated atop the podium on the fifth floor. The entrance to the condo would be from Sherbourne Street, as would vehicular access to the building’s garbage and loading zones. Access to the underground parking garage, which would hold 126 private parking spots and four visitor spaces, would be from Wellesley Street East. The building would have 195 bicycle parking spaces.

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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 this project Condos Platinum VIP Preview Sales Event please Register, we can only bring limited customers into the Platinum VIP Sales Event, so pre-register now for priority access:

 

 

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TD matches RBC’s five-year fixed

It’s a rate war in reverse, with TD following RBC’s decision to set a five-year fixed well above the broker’s best.

Earlier this week, TD brought the rates on both its three- and five-year fixed mortgages in line with RBC, introducing a special on its own five-year equal to RBC’s 3.69 per cent.

The country’s biggest bank made its move on Tuesday, announcing that it has bumped up its five-year-fixed by 20 bps. The decision has been viewed by some industry players as a win for brokers and mono-lines.

“Brokers could use these rate hikes to their advantage for the next two weeks or at least until other lenders decide to raise their rates also,” said Kunal Bhalia, broker with Dominion Lending Centres – Mortgage Village.

Still, none of the other Big Six members appear to have followed suit.

A quick check of the bank’s websites today indicates that CIBC, BMO and National Bank are offering their three-year-fixed at 3.95 per cent and five-year-fixed is 5.24 per cent. However, BMO also offers five-year fixed at a low rate of 3.29 per cent.

Scotia’s three-year-fixed mortgage is 3.99 per cent and its five-year-fixed is 4.99 per cent. The bank has a special offer of 3.99 per cent on its five-year closed-term fixed mortgage.

There are a number of mortgage rates lower than what banks have posted, suggesting brokers increasingly face a hidden rate war – one without the kind of bank advertised rates that encourage fence-sitters into the market. Source: Brokernews

 

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No sharp dive in housing market says CIBC economist

According to a top CIBC economist, suggesting the anticipated housing decline will not be as sharp or as long as earlier projected because of immigration.

“It turns out fears of a long and sharp downturn in the housing market, are highly exaggerated and very premature,” said Benjamin Tal, deputy chief economist at CIBC. “In fact demographic forces will be supportive to real estate markets in the coming decade.”

Tal predicts immigration, which is responsible for most of the population growth, will be a major force impacting housing demand.

“What’s more, there is significant jump in the home ownership rate among immigrants as they pass the three-year mark,” said Tal. “In fact, after 10 years in Canada, the propensity among immigrants to own a house is higher than among native Canadians.”

While there will be a decline in the number of Canadians under the age of 25 and those between 45 and 54, those age groups account for a relatively small portion of home buyers, Tal writes in his latest Consumer Watch report.

By contrast, the number of Canadians between the ages of 25 and 35 – the age group that makes up the vast majority of first-time home buyers – will continue to rise, the report said.

“From a housing market perspective, what counts is not only the change in population of a given age group, but more importantly, the level of housing market activity among these groups,” said Tal. “In other words, the group that is most likely to buy a house will grow faster in the coming decade.” Source: Brokernews.ca

 
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Posted by on August 23, 2012 in Brampton, Builder's Home, canada wonderland, Cinema, City of Toronto, Cloud, Cloud 9 Condos, CN Tower, Commercial, Commercial Real Estate, Condo Prices Grow at Moderate Pace in Q2, Condominiums, Detach, Detached, Detached Homes, Diamond @ Don Mills, Don Mills, Dream Home, Dream Tower, Dream Tower Condominiums, Dream Tower Condos, E Condo, Florida, Florida Real Estate, Home, Home for in Pickering, Home For Sale in Richmond Hill, House, House for sale, hwy#7 outlet stores, Index, Kingshill, Kitchener, Kleinburg, Land Transfer tax, Lawrence Park, Leslie, Local at Fort York, Lofts, lot for sale, Love Condo, Love Condominiums, Low Rise Homes, Luxury Homes, Luxury Townhomes, New Announcement, New Canadian Mortgage Rule, New Canadian Mortgage Rules, New Condominiums, New Condos, New Construction, New Development, New Homes, Nexus South, No sharp dive in housing market, Oakville, office, One Bloor, Palace, Pan Am, Pan Am Games, Pan Am Games 2015, Perspective, Pickering Condos, pickering Homes, pickering Real Estate, Pickering Town Center, Pickering Town Centre, Pikcering Homes, Port Union, Port Union waterfront Festival, Pre Construction, Residential, Restuarant, Retail, Richmond Hill, Richmond Hill Real Estate, RIMS, Semi, Shopping Mall and Plazas, Shopping Plazas, Single Family Home, Strip Plazas, Sunset, Sunset Condos, Ten, Ten York, The Beverly Hills Condos, Toronto Housing, Toronto Land Transfer Tax, Toronto New Condos, Tower, Town Homes, Townhome, USA Cheap Real Estate, Vaughan, vaughan condos, vaughan mills mall, Woodbridge, woodbridge condos, Yonge St

 

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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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101 Erskine

Tridel now introduces 101 Erskine. This smartly tailored glass condo residence with a contrasting tonal profile is strategically tucked away, mere steps from the energy of midtown Yonge and Eglinton in Toronto. Yet this venerable neighbourhood  Walkscore is also just moments from the subway, prestigious shops and superb dining.

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101 Erskine’s modernist sensibilities are echoed in its clean linear exterior design and refined interiors: charcoal grey, white and clear glass, copper clad front entry, stunning lobby, rooftop terrace with infinity pool and outdoor fireplace lounge, sublime entertainment spaces with private courtyard, alfresco dining lounge, sleek fitness amenities, even a linear park walkway creating a link between Broadway and Erskine.

Elegant Studio, 1 bedroom, 1 bedroom plus den, 2 bedroom and 2 bedroom plus den suites with 9′ ceilings and 10 signature townhomes feature distinctively modern styling and finishes one would naturally expect from this coveted address. 101 Erskine. Anything but ordinary.

101 Erskine will be Rising to 32 storeys high and will accamodate 421 Suites and 10 Townhomes. Estimated completion Summar  2015.

101 Erskine Condos follows the amazing success of The Republic, which launched in 2007. Only four days after phase one of the community was launched, at 25 Broadway Avenue, phase two was launched at 70 Roehampton.

101 Erskine Condominiums is just one block north of Broadway Avenue and the brand-new high school. There will be a park walkway between the two avenues, adding to the community feel of the neighbourhood. 101 Erskine is also a “walker’s paradise” with a Walk Score of 95 out of 100, meaning that almost everything you could need — groceries, restaurants, parks, banking and more — is within walking distance.

Amenities: Fitness centre, party room, billiards lounge, fireplace lounge, concierge, yoga studio, theatre, sauna, infinity pool.

101 Erskine. Celebrating the richness of life.

By indicating your interest in 101 Erskine 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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East Village Leslieville

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A modern interpretation of conventional towns creates a clean crisp form that speaks to today’s savvy urbanities.

The two building complex will contain 31 residential units with a number of underground parking spaces. Over half the townhome residences at East Village Leslieville have rooftop terraces with skyline views that overlook at green roof. Outdoor terraces facing south overlook lush greenery. An intimate passage way is created between blocks that define East Village Leslieville Towns.

The modern esthetic of East Village Leslieville Townhouses defines the living/dining and kitchen environments.

Townhouse style living from the low $200’s

 

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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  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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