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Real Estate Forecast for 2018: What to Expect!

Real Estate Forecast for 2018: What to Expect!

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Real Estate Forecast for 2018: What to Expect

As we head into a new year, the most common question we receive is, “What’s the outlook for GTA’s real estate in 2018?”

 

It’s not just potential buyers and sellers who care; current homeowners also want reassurance about the value of their investment. No one knows exactly what 2018 will bring, but we’ve outlined expert predictions on where the market is headed and how government interventions are expected to impact the Canadian housing market in the year ahead.

HOUSING PRICES WILL REMAIN HIGH IN URBAN CENTRES

Although the Toronto real estate market did experience a slowdown in 2017, housing affordability will remain a major issue in both Toronto and Vancouver in 2018. According to the Royal Bank of Canada’s most recent Housing Trends and Affordability Report, as of Q2 2017 it cost more than 75 percent (Toronto) and 80 percent (Vancouver) of median household income to cover the average cost of owning a home.1

In an effort to stabilize prices, both the Ontario and British Columbia governments enacted a 15 percent tax on foreign investments in housing. However, according to the PricewaterhouseCoopers report on Emerging Trends in Real Estate: Canada and the United States 2018, “Industry players are skeptical that recent tax moves … to curtail foreign investment will have a long term cooling impact on housing affordability in Toronto and Vancouver.”2

In its Canadian Regional Housing Outlook, TD Economics predicts ”The decline in sales activity in both Vancouver and Toronto has helped to redistribute the balance of power from a pure seller’s market, back towards buyers, as evidenced by the sales-to-listing ratios. But, first-time homebuyers sitting on the sidelines waiting for higher interest rates to trigger a market crash may be holding their breath for a while. Prices are likely to only reset back to levels that existed prior to a year of exorbitant gains.”3

The high cost of living has forced a growing number of millennials to seek alternatives to traditional housing. The 2016 census found 47.4 percent of young adults in Toronto and 38.6 percent in Vancouver live with a parent. PricewaterhouseCoopers predicts a rise in multi-generational and multi-family homes, a move towards larger condominiums to suit growing families, and a flight from urban cores as new public transit projects make commuting more feasible.2

What does it mean for you? If you’re a current homeowner, you can expect your investment to hold its value and continue to appreciate over the long term. And if you’re considering selling this year, contact us to request a free Comparative Market Analysis to find out how much you can expect your home to sell for under current market conditions.

If you’re a potential buyer who has been waiting for real estate prices to drop, don’t expect a fallout any time soon. Governmental bodies have taken steps to slow down skyrocketing prices, which has helped to balance the market. Now is a great time to buy. And if traditional housing options don’t fit your budget, we can help you find alternatives to meet your needs.

GOVERNMENT INTERVENTIONS WILL HELP TO STABILIZE THE MARKET

Skyrocketing real estate prices have caused Canadians to take on a growing amount of debt. The federal Parliamentary Budget Office (PBO) reports that the average household indebtedness is up to 174 percent of disposable income, and they predict it will reach 180 percent by the end of 2018. Coupled with rising interest rates, the share of income that will go towards debt payments is expected to reach historic proportions.4

Regulators at the Office of the Superintendent of Financial Institutions (OSFI) have attempted to curb the potential fallout with interventions, the latest of which went into effect on January 1. These new regulations raise the requirements for mortgage borrowers with down payments of 20 percent or more. They are now required to qualify for a mortgage at an interest rate two percentage points higher than their current rate to ensure they can manage payments when interest rates do inevitably rise.

A similar “stress test” was enacted in 2016 for borrowers who put down less than 20 percent, but that regulation impacted a much smaller percentage of buyers.

According to Jeremy Rudin, the head of OSFI, “We clearly see the potential risks caused by high household indebtedness across Canada, and by high real estate prices in some markets. We are not waiting to see those risks crystallize in rising arrears and defaults before we act.”5

All federally regulated financial institutions will be obligated to utilize these requirements for both new mortgages and mortgage renewal applications of borrowers applying to switch lenders. It is not mandatory to apply the test at mortgage renewal for existing borrowers. Since credit unions are regulated provincially, they are not required to follow the new OSFI rules, although some may choose to out of prudency.

What does it mean for you? With new rules in effect, if you’re a buyer, your purchasing power may be impacted. If you’re concerned you may not be able to meet these requirements, securing your mortgage through a credit union may be an option. We are following this issue closely. Give us a call so we can discuss how these new rules will affect your home search.

If you’re considering selling your home this year, these regulations could alter the type of buyer who will be willing and able to purchase your home. We have expertise in this area and know how to market your home to a changing demographic.

5 YEAR MORTGAGES WILL MAKE A COMEBACK

Expect interest rates to rise in 2018. Bank of Canada has indicated that borrowers should expect to see rate increases this year … and notably, nearly half of Canadian mortgage holders are set to renew their mortgages in the next 12 months. Combined with the new, more stringent “stress test” requirements, a greater number of homeowners will be opting for five-year-fixed rate mortgages over the historically popular variable rate mortgages.6

According to LowerRates.ca, “Since January 2014, 56% of Canadian borrowers who applied for a mortgage through LowestRates.ca have gone variable, compared with 43% of those who got a five-year fixed. But this past August, there was a shift, where the five-year-fixed rate mortgage saw a sharp increase in applicants, with 59% of users on the LowestRates.ca site opting for this option versus only 39% opting for the variable mortgage.”7

What does it mean for you? If you’re in the market to buy, act now. Rising interest rates will decrease your purchasing power, so act quickly before interest rates go up. Give us a call today to get your home search started.

And if you’re a current homeowner who is set to renew your mortgage, you may want to consider locking in a five-year-fixed rate. Contact us if you would like assistance navigating your options.

 

 

2018 ACTION PLAN

If you plan to BUY this year:

 

1.    Get pre-approved for a mortgage. If you plan to finance part of your home purchase, getting pre-approved for a mortgage will give you a jump-start on the paperwork and provide an advantage over other buyers in a competitive market. The added bonus: you will find out how much you can afford to borrow and budget accordingly.

2.    Create your wish list. How many bedrooms and bathrooms do you need? How far are you willing to commute to work? What’s most important to you in a home? We can set up a customized search that meets your criteria to help you find the perfect home for you.

3.    Come to our office. The buying process can be tricky. We’d love to guide you through it. We can help you find a home that fits your needs and budget, all at no cost to you. Give us a call to schedule an appointment today!

 

If you plan to SELL this year:

 

1.    Call us for a FREE Comparative Market Analysis. A CMA not only gives you the current market value of your home, it’ll also show how your home compares to others in the area. This will help us determine which repairs and upgrades may be required to get top dollar for your property … and it will help us price your home correctly once you’re ready to list.

2.    Prep your home for the market. Most buyers want a home they can move into right away, without having to make extensive repairs and upgrades. We can help you determine which ones are worth the time and expense to deliver maximum results.

3.    Start decluttering. Help your buyers see themselves in your home by packing up personal items and things you don’t use regularly and storing them in an attic or storage locker. This will make your home appear larger, make it easier to stage … and get you one step closer to moving when the time comes!

 

WE’RE HERE TO HELP

 

While national real estate numbers and predictions can provide a “big-picture” outlook for the year, real estate is local. And as local market experts, we can guide you through the ins and outs of our market, and the local issues that are likely to drive home values in your particular neighbourhood. If you have specific questions, or would like more information about where we see real estate headed in our area, please give us a call! We’d love to discuss how issues here at home are likely to impact your desire to buy or a sell a home this year. Please visit our website SnapHomes.ca for latest MLS listing and pre-construction Homes & Condos.

Can’t find what you are looking for? Contact us for Exclusive list of Pre construction Homes and Condos and our pocket listings for Land!
Sources:

1.     Royal Bank of Canada’s Housing Trends and Affordability Report –
http://www.rbc.com/newsroom/_assets-custom/pdf/20170929-ha.pdf

2.     PricewaterhouseCoopers Emerging Trends in Real Estate 2018  –
https://www.pwc.com/ca/en/real-estate/assets/Real_Estate_ETRE_2018_PDF.pdf

3.     TD Economics Canadian Regional Housing Outlook –
https://economics.td.com/canadian-regional-housing-outlook-aug-2017

4.     Office of the Parliamentary Budget Officer –
http://www.pbo-dpb.gc.ca/en/blog/news/HH_Vulnerability

5.     Financial Post
http://business.financialpost.com/personal-finance/stricter-osfi-rules-on-mortgage-lending-will-do-more-harm-than-good-fraser-institute

6.     Bank of Canada Financial System Review November 2018  –
https://www.bankofcanada.ca/wp-content/uploads/2017/11/fsr-november2017.pdf

7.     Maclean’s  –
http://www.macleans.ca/economy/money-economy/canadians-rushing-to-lock-down-five-year-fixed-rate-mortgages/

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Lakeside Residences

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

Click Here To Register To Get Pricing & Floor Plans

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

LAKESIDE Condos Highlights:

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

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

 

 

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Guildwood Condominiums

Guildwood Condominiums is a new condo development by Scollard Development Corporation currently in preconstruction. The development is scheduled for completion in 2018. Sales for available units range in price from $299,900 to $699,900. Guildwood Condominiums has a total of 112 units, sizes range from 511 to 1432 square feet.

Click Here To Register To Get Pricing & Floor Plans

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BUILDING FEATURES Smooth ceilings throughout with 9’ ceiling heights on floors 2-6 and 10’ ceiling heights on ground and 7th Floor Low E double pane windows Selected suites feature balconies and terraces as per plan Virtual concierge service In suite sprinkler system Smoke and carbon monoxide detectors in each unit where required by Ontario Building Code. Closed circuit security cameras throughout parking garage and at access doors for added safety. Enterphone system in lobby vestibule for visitors to contact residences directly to gain admittance. Controlled door access throughout common areas with computer access key fobs. Personal remote transmitter for parking garage access provided with each parking space. Underground parking and locker storage with security cameras in the garage area along with parabolic mirrors in the underground parking areas. Heated parking ramp to prevent icing. Underground garage is ventilated and protected by a fire sprinkler system for added safety and protection. Fire safety system in accordance with the current Ontario Building Code for safety. Underground garage lit with fluorescent lighting and light painted walls. Wall mounted “panic” button installed in various locations throughout the underground garage. Waste management and recycling system with garbage tri-sorter chute access on each floor. Professional landscaped grounds on site property. Move-in area with direct access to elevator for convenience. 2 elevators servicing all parking and residential levels. UNIQUE SUITE FEATURES Solid core suite entry door with lever handle lockset, dead-bolt lock and guest viewer with metal frame and wood casings and paint finish. Contemporary laminate flooring in foyers, hallways, living room, dining room, kitchen, den and bedrooms from Vendor’s finish packages, including transitional strips in doorways as per plan. Interior doors with brushed nickel-finish lever hardware as per plan. 4’ baseboards with corresponding 2’3/4 casings painted with Vendor’s semi-gloss latex white paint. Interior walls and ceilings primed with off-white paint. Semi-gloss off white paint on all trims. Bathrooms, Kitchen and Laundry areas are painted with latex white semi-gloss paint. White painted smooth ceilings in all areas with Vendor’s standard white paint. White decora style switches and receptacles where applicable as per plan. Ceiling light fixtures in foyer and/or hallways, kitchen and dining room as per plan. Sliding closet doors or slab swing door in bedrooms and foyer as per plan. Poured concrete finish to all balconies; terraced units to receive patio pavers. Painted underside to all balconies. Outdoor balcony or terrace with one electrical outlet as per plan. Sliding glass doors or swing door to outside balcony or terrace as per plan. Aluminum awning windows as per plan. CHEF-INSPIRED KITCHENS Choice of contemporary style cabinets and quartz countertops from Vendor’s finish packages. Glass tile backsplash. Oversized single stainless steel undermounted kitchen sink. with single lever chrome pull down faucet with pull out spray. Exhaust fan in kitchen over the stove. Overhead lighting in kitchen. APPLIANCE PACKAGE Counter depth stainless steel bottom freezer fridge. Slide in stainless steel self-clean range. Built-in stainless steel dishwasher Full size stackable washer/dryer including heavy duty wiring and receptacle for dryer. Stainless steel microwave oven with exhaust over the range. *Size details to be added based on plan. BATHROOM FEATURES Custom designed cabinets from Vendor’s finish packages. Porcelain tiles for bathroom floors with ceramic tiles for bathtub and shower enclosures from Vendor’s finish packages. Acrylic soaker tub as per plan. Shower stalls completed with full height ceramic tile surround and semi frameless glazed shower door as per plan. Vapour proof ceiling mounted pot light over tubs and showers. White bathroom fixtures throughout. Single lever chrome faucets in vanity sink. Quartz vanity tops with undermount basins Vanity mirror and decorative light fixture. 2 Pot lights. Dual-flush, white ceramic water closet. Exhaust fan in all bathrooms vented to the outside. Privacy locks on all bathroom doors. Temperature balance valves for tub and shower. MULTI-MEDIA Pre-wired outlets for cable TV in living room, bedrooms, and den as per plan. Hi-speed internet connectivity in every suite. Telephone outlets in living room, kitchen, bedrooms, and den. Wi-Fi connectivity in selected amenity areas. MECHANICAL / ELECTRICAL / WASTE MANAGEMENT Dedicated heat pump unit(s) as per plan with a dedicated heated/cooling thermostat. Individual climate control suite heating and air-conditioning. Individual metering of in-suite electrical consumption. Domestic water meters dedicated for hot and cold water. Dedicated electrical meter. Pre-wired for personal encoded stand-alone intrusion alarm system. Suite equipped with emergency voice communication system. Switch controlled split outlets in living room and bedroom as per plan.* Electrical copper wiring with circuit breaker service panel. HOMEOWNERS LEVELS OF PROTECTION One year warranty on the workmanship and materials. Tarion Warranty Corporation New Home Warranty Protection, as per Tarion Guidelines. Manufacturer’s warranty on appliances.

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

 

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Express Condo

Express Condo

Express Condos is a new condo development by Malibu Investments Inc. currently in preconstruction at Wilson Avenue, Toronto. The development is scheduled for completion in 2021.

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Express Condos is the first condo of a large development project that will be situated on 2.8 acres along Tippet Road in the Wilson Heights neighbourhood of North York. It is the latest proposed pre-construction high-rise residential condominium, that will ascend 16 storeys atop a 6 storey U-shaped podium.

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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California Condos

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Live Under the Sun!

The sun, the lake, the city, the lifestyle.

It all comes together in the spectacular California Condos at Mystic Pointe, close to the south Etobicoke waterfront. A special collection of upper level suites with magnificent sunset views, chic interiors, and access to fitness and party amenities including the 31st floor Sky Lounge. It’s the most fun you can have under the sun!

Incentive:

  • CONDOS FROM $285,900
  • **ONLY 5% DOWN!
  • $7,000 incentive for 2BD s
  • Parking and Locker included

**Purchasers must provide a mortgage approval with CMHC insurance

As part of the newest phase in the award-winning 16-acre master-planned community of Mystic Pointe, California Condos will sit atop a 3-storey beautifully landscaped podium and rise to 32-storeys high.

california

A cool, sleek, sculpted edifice of steel and glass, this remarkable residence is much more than just another condominium. This is your remedy for the everyday. A magical place to escape and immerse yourself in the best that life has to offer.

The epicentres of sun and fun, and everything in between. Hop on your bike or take a stroll down to the waterfront along the 350-kilometre Martin Goodman trail or the green vastness of Humber Bay Park — it’s all at your doorstep. If it’s shopping or entertainment you’re after, you’ll find a 24-hour Sobeys, Ikea, Sherway Gardens, Cineplex and an assortment of fabulous restaurants and cafes a mere stone’s throw away. If you’re looking for a night out on the town, drop the top on the T-Bird and in only 10 minutes you’re in the downtown core. Access to the Gardiner Expressway, as well as the QEW, Hwy 427, Mimico GO station and TTC is always fast and easy.

California Condos puts the “active” in active living – from hot spots like the exclusive Venice Beach Sky Club to the high energy 14,000 sq. ft. Bayside Sports and Entertainment Centre – there’s always something to do.

The Sky Lounge, gracing the 31st and 32nd floors at California Condominiums, offers extraordinary amenities. The indoor lap pool features a whirlpool with an adjacent beach bar. There is a circuit training auditorium and pilates/yoga studio. A stunning open air sundeck is the perfect place to enjoy the view and on warm summer evenings is transformed into an outdoor theatre. The Skygym offers volleyball, badminton, basketball and other court activities. One floor below, the Sky Lounge is the best place to relax and entertain in a sophisticated environment, complete with Martini Bar, catering kitchen and private dining room.

SUITE FEATURES AND FINISHES

OF YOUR NEW HOME

BUILDING:

  • DISTINCTIVE GLASS AND PANEL CLAD BUILDING ON LANDSCAPED PODIUM
  • CONTROLLED SHARED ENTRANCEWAY WITH WATERFALL AND REFLECTING POND
  • CONTEMPORARY SHARED LOBBY WITH CONCIERGE STATION
  • ENTRY PHONE SYSTEM
  • TINTED DOUBLE GLAZED THERMALLY INSULATED WINDOWS
  • THREE HIGH-SPEED ELEVATORS WITH CUSTOM DESIGNED CABS
  • DESIGNER SELECTED BROADLOOM IN CORRIDORS
  • GARBAGE CHUTE WITH RECYCLING CAPABILITY
  • INDOOR RESIDENT PARKING WITH PERSONAL ACCESS REMOTE TRANSMITTER
  • CONTROLLED AUTOMATED DOORS LEADING FROM GARAGE TO ELEVATOR LOBBIES
  • PROVISION FOR ROGERS HIGH SPEED CABLE ACCESS AND FOR INTERACTIVE TV
  • WATER FILTRATION SYSTEM FOR BUILDING’S WATER SUPPLY

COMMON ELEMENTS:

VENICE BEACH SKY CLUB (EXCLUSIVE TO RESIDENTS OF CALIFORNIA CONDOS)

  • ROOFTOP INDOOR POOL AND WHIRLPOOL WITH BEACH BAR
  • SPA TREATMENT ROOM FOR OPTIONAL PROFESSIONAL SERVICES AS AVAILABLE ON A FEE FOR USE BASIS
  • CHANGE ROOMS
  • ROOFTOP OBSERVATION DECK
  • TANNING DECK AND OUTDOOR VIDEO THEATRE
  • SKYGYM FOR VOLLEYBALL, BADMINTON, BASKETBALL AND OTHER COURT ACTIVITIES
  • CIRCUIT TRAINING AUDITORIUM
  • PILATES STUDIO/PRIVATE TRAINING ROOM
  • SKY LOUNGE WITH MARTINI BAR AND LOOK-OUT TERRACE
  • PRIVATE DINING ROOM WITH CATERING KITCHEN

SHARED FACILITIES

  • SHARED DESIGNER FURNISHED LOBBY WITH 24 – HOUR CONCIERGE
  • READING LOUNGE WITH CAPPUCCINO/JUICE BAR LOCATED IN ILOFT
  • BOARDROOM
  • BUSINESS CENTRE WITH COMPUTER TERMINALS AND AVAILABLE FACSIMILE MACHINE/COPIER
  • SUPERINTENDENT’S SUITE LOCATED IN ILOFT
  • 2 FURNISHED GUEST SUITES LOCATED IN ILOFT AVAILABLE ON A FEE FOR USE BASIS.

BAYSIDE SPORTS AND ENTERTAINMENT CENTRE: (EXISTING SHARED FACILITY WITH THE TIDES AT MYSTIC POINTE AND ILOFT)

  • SHARED ENTRANCEWAY WITH WATERFALL AND REFLECTING POND
  • PROFESSIONALLY LANDSCAPED GARDENS WITH COURTYARDS AND SUNDECK
  • BARBECUE PATIO WITH GAS BBQ’S
  • CARDIO THEATRE FITTED WITH FITNESS EQUIPMENT
  • AEROBICS/YOGA STUDIO
  • INDOOR WHIRLPOOL
  • OUTDOOR SWIMMING POOL AND WHIRLPOOL
  • OUTDOOR JOGGING TRACK
  • HIS & HER CHANGE ROOMS
  • CEDAR SAUNAS
  • SPA STUDIOS FOR OPTIONAL PROFESSIONAL SERVICES AS AVAILABLE ON A FEE FOR USE BASIS
  • 2 SQUASH COURTS WITH VIEWING AREA
  • PARTY ROOM AVAILABLE FOR SOCIAL FUNCTIONS
  • BILLIARDS ROOM WITH POOL TABLES AND EQUIPMENT
  • HOLLYWOOD STYLE SCREENING ROOM WITH SEATING, LARGE SCREEN PROJECTION SYSTEM AND DVD PLAYER
  • PRIVATE DINING ROOM WITH PREPARATION KITCHEN
  • CARD ROOM WITH TABLES AND CHAIRS
  • LIBRARY WITH SEATING AND SHELVING
  • CRAFTS ROOM

SUITE FEATURES:

  • 9 & 10 FOOT HIGH WHITE, TEXTURED CEILINGS EXCEPT FOR KITCHEN, LAUNDRY CLOSET, BATHROOM(S), AND BULKHEAD DROPS
  • LAMINATE PLANK FLOORING IN FOYER, CALIFORNIA ROOM, KITCHEN AND DEN AS PER PLAN
  • SISAL STYLE BROADLOOM ON UNDERLAY IN BEDROOM(S), AND APPLICABLE CLOSETS
  • PAINTED SLAB SWING INTERIOR DOORS WITH PAINTED DOOR FRAMES AND BRUSHED CHROME FINISHED HARDWARE
  • MIRRORED ENTRANCE CLOSET DOORS, WHERE SHOWN AS SLIDING DOORS ON PLAN
  • WHITE BEDROOM CLOSET DOORS, WHERE SHOWN AS SLIDING DOORS ON PLAN
  • PROVISION FOR TELEPHONE OUTLET IN BEDROOM(S) AND CALIFORNIA ROOM
  • PROVISION FOR CABLE OUTLET IN BEDROOM(S) AND CALIFORNIA ROOM (WHERE APPLICABLE)
  • CONTEMPORARY LIGHT FIXTURES PROVIDED IN KITCHEN AND BATHROOMS ONLY
  • CAPPED CEILING OUTLET IN DINING AREA
  • INDIVIDUALLY CONTROLLED YEAR ROUND HEATING AND AIR CONDITIONING
  • STACKED WASHER AND MATCHING DRYER
  • SMOKE AND HEAT DETECTOR(S) AS PER ONTARIO BUILDING CODE
  • EVC (EMERGENCY VOICE COMMUNICATIONS) IN SUITE AS PER ONTARIO BUILDING CODE

BATHROOMS:

  • IMPORTED CERAMIC TILE FLOORS
  • DEEP WHITE SOAKER TUBS IN EACH SUITE, AS PER PLAN
  • 2 PIECE WHITE WATER CLOSET
  • FULL HEIGHT CERAMIC TILE TUB SURROUND WITH GLASS MOSAIC TILE DADO (24” HIGH IN BATHROOM WITH SEPARATE SHOWER ENCLOSURE)
  • PRESSURE BALANCE VALVE FOR SHOWER
  • SEPARATE SHOWER STALL, WHERE SHOWN ON PLAN, FEATURING ALUMINUM FRAMED CLEAR GLASS ENCLOSURE AND CERAMIC TILED WALLS WITH GLASS MOSAIC TILE DADO
  • CEILING LIGHT IN SHOWER STALL ONLY
  • WALL SCONCE LIGHT FIXTURE
  • WHITE VANITY CABINETS
  • CULTURED MARBLE COUNTERTOPS WITH INTEGRATED SINK
  • SINGLE LEVER FAUCET FOR VANITY SINK(S)
  • VANITY WIDTH MIRROR ABOVE SINK
  • CHROME FINISHED BATHROOM ACCESSORIES
  • PRIVACY LOCKS ON ALL BATHROOM DOORS
  • EXHAUST DUCTED TO THE EXTERIOR

KITCHENS:

  • LAMINATED PLANK FLOORING
  • CUSTOM QUALITY CABINETRY AND STONE COUNTERTOPS
  • CALIFORNIA CUSTOM DESIGNED BREAKFAST ISLAND WHERE SHOWN ON PLAN WITH SLIDE – IN RANGE, MICROWAVE SHELF AND OVERHEAD STAINLESS STEEL VENTED EXHAUST HOOD
  • DOUBLE OR SINGLE STAINLESS STEEL SINK AS PER PLAN
  • SINGLE LEVER FAUCET
  • APPLIANCES COMPRISED OF STAINLESS STEEL FRONT: FROST FREE REFRIGERATOR, SELF-CLEAN SLIDE – IN RANGE WITH CERAMIC TOP AND DISHWASHER
  • TRACK LIGHTING WITH 3 HALOGEN HEADS

SAFETY AND SECURITY:

  • 24 – HOUR CONCIERGE
  • PERSONALLY ENCODED SUITE INTRUSION ALARM SYSTEM CONNECTED TO CONCIERGE STATION WITH KEY PAD AND SUITE DOOR CONTACT
  • COMPUTER CONTROLLED ACCESS SYSTEM PROVIDED AT MAIN BUILDING ENTRY POINTS
  • EMERGENCY RESPONSE KEY CHAIN PENDANTS, USABLE IN SELECTED AREAS WITHIN THE UNDERGROUND PARKING GARAGE
  • VIDEO CAMERAS AND 2-WAY COMMUNICATOR TO CONCIERGE STATION FOR SELECTED ZONES IN UNDERGROUND GARAGE AND ENTRY AREAS

GREEN PLAN FEATURES

  • INDIVIDUAL YEAR ROUND CONTROLLED HEATING & COOLING
  • INDIVIDUALLY METERED ELECTRICAL USAGE
  • HIGH PERFORMANCE WATER FIXTURES IN SHOWERS, SINKS AND WATER CLOSETS
  • LANDSCAPED ROOF PODIUM
  • RECYCLING FRIENDLY REFUSE DISPOSAL CHUTE SYSTEM
  • HIGH PERFORMANCE DOUBLE GLAZED THERMAL WINDOWS AND SLIDING DOORS
  • AUTOMATIC HEATING CONTROLS IN COMMON AREAS
  • AUTOMATED LIGHTING FOR MOST COMMON AREAS AS PERMITTED BY CODE
  • ENERGY EFFICIENT COMPACT FLUORESCENT LIGHTS IN MOST COMMON AREAS
  • CARBON MONOXIDE SENSOR SYSTEM FOR GARAGE FAN CONTROL
  • LOW EMISSION AND ENVIRONMENTALLY FRIENDLY LAMINATE PLANK FLOORING
  • ENERGY STAR APPLIANCES
  • LOW EMISSION PAINTS IN MOST COMMON AREAS
  • WATER FILTRATION SYSTEM FOR BUILDING’S WATER SUPPLY

NOTE: SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. VENDOR MAY SUBSTITUTE MATERIALS FOR THOSE SHOWN IN THE PLANS AND SPECIFICATIONS, PROVIDED SUCH MATERIALS IN THE SOLE OPINION OF THE VENDOR’S CONSUL­TANT ARE OF AT LEAST COMPARABLE QUALITY (ERRORS AND OMISSIONS ARE EXCEPTED).

Just some of the incredible things California Condos has to offer:

  • 8 Min to Down Town Toronto by Car
  • 75000 SQF recreation and lifestyle facilities
  • Rooftop sport court, martini bar, Sky launge
  • Amazing view

Designer Model Suites!

  • CONDOS FROM $285,900
  • *ONLY 5% DOWN!
  • $7,000 incentive for 2BD s
  • Parking and Locker included
**Purchasers must provide a mortgage approval with CMHC insurance.

 

BUILDING FEATURES *

  • 30 Storey glass tower on Landscaped podium
  • Architecture and Design by Atkins Architects
  • Richly appointed lobby with signature water wall
  • 24 hour concierge service
  • Controlled, shared entranceway with waterfall
  • Indoor resident parking w/ personal access remote
  • Main entrance & exits monitored with closed circuit video
  • Venice Beach Sky Club exclusive to Residents
  • All new construction protected under the Tarion Warranty Corp.

SUITE FEATURES *

  • 9 Foot ceilings, 10 Foot ceilings in Penthouse Units
  • Floor to Ceiling windows
  • Laminate plank flooring as per plan
  • Sisal style broadloom in bedrooms where laid
  • Individually controlled heating and air conditioning
  • Individual suite metering for Hydro
  • Stainless Steel Fridge, Dishwasher, Stove and Hood Fan
  • Front Load Washer and Dryer
  • Kitchens with custom quality cabinetry and quartz countertops and island per plan
  • White Soaker Tubs, as per plan, Cultured marble Countertops with integrated sink, ceramic tile floors and tub surround
VENICE BEACH SKY CLUB & BAYSIDE SPORTS & ENTERTAINMENT CENTRE
INCLUDE OVER 75,000 SQ. FT OF LIFESTYLE & RECREATIONAL FACILITIES.

THE VENICE BEACH SKY CLUB is exclusive to residents, offering incredible views of the lake and city. Indoor pool with hot tub; Exterior Sunning Deck with Outdoor Theatre; Spa Treatment Room; Pilates / Private Training Studio; Sky Gym Multi-purpose Court; Circuit Training Auditorium; Men’s & Ladies’ Change Rooms with showers; Private Dining Room with full Preparation Kitchen;

THE BAYSIDE SPORTS & ENTERTAINMENT CENTRE for residents is also enjoyed by The Tides and iLoft and is a world of true entertainment & relaxation. Featuring an Outdoor Pool and Landscaped Rooftop Gardens; Indoor & Outdoor Whirlpools; Fully Equipped Cardio Theatre; Aerobics & Yoga Studio; Squash Courts; Saunas; Private Spa Studio; Spacious Party Room with Preparation Kitchen; Private Dining Room; Billiards Room; Hollywood Style Theatre; Cards Room; BBQ Patio; Running Track; Library and much more!

 

Aqualina at Bayside

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Aqualina at Bayside Toronto will be the first residential phase of a 13 acre mixed use development called Bayside Toronto. Valued at over $1.1 billion, Bayside will be the first neighbourhood in downtown Toronto to feature two million square feet of residential, commercial and cultural uses, all on the water’s edge.

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Designed by world renowned architects, Arquitectonica, the 363 suite condominium will spearhead Hines’ ambitious plan to develop Bayside Toronto into the premier neighbourhood on Toronto’s downtown waterfront.

Aqualina Condos will offer purchasers iconic architecture, distinctive interiors, desirable amenities, and an unparalleled waterfront location

Aqualina at Bayside is a result of the creative vision of Arquitectonica’s New York office, an award winning architectural firm based in Miami. The project is being led by the firm’s partner Bernardo Fort-Brescia who is bringing an innovative and distinctive geometric approach to the exterior design of the 13-storey condominium.

Aqualina Condos will be defined by a series of distinctive prismatic cubes made of glass and steel, featuring facades accented by angled fenestration and balcony designs intended to maximize views of the Toronto cityscape and lake.

The condominium’s interior public spaces and amenity areas will be designed by the award winning Canadian firm of II BY IV Design Associates. Landscape design for the condominium will be led by West 8 + DTAH the award-winning team also responsible for the design of East Bayfront‘s public realm including the streetscapes, water’s edge promenade and boardwalk. West 8 + DTAH is also leading the design for the revitalization of Queens Quay which includes a new south side promenade, off-street Martin Goodman Trail and integrates the proposed Light Rail Transit line through the community.

Aqualina Bayside will contain 363 condominium suites, ranging from one-bedroom to three bedroom residences designed with families in mind. Suite sizes will range from 560 square feet 52m²) to just over 2,100 square feet (195m²).

Among the distinctive features of Bayside, is what is likely to be the fastest residential Internet service in the city. Delivered by Beanfield Condoconnect’s ultra-high speed broadband fiber optic network, users will enjoy wireless speeds up to 100 megabits a second.

Aqualina at Bayside will pursue a LEED® Platinum designation and will be part of Toronto’s first LEED®-ND Gold neighbourhood. Tridel, which was selected as the exclusive residential partner by master developer Hines, has established a reputation as Canada‘s leading environmentally sensitive, green residential developer earning several industry awards and distinctions for its Built Green.

Ceiling Height:

9’ standard (Premium applies where ceiling is 10′)

Price list & Floor Plan available upon request

EPOSIT STRUCTURE

  • 5% due on signing
  • 5% due 120 days after signing
  • 5% due 270 days after signing
  • 5% due 450 days after signing

METERING

Suites are individually metered for electricity, heating, cooling, and water

ESTIMATED MAINTENANCE FEES: $0.51/sq.ft.***

TENTATIVE OCCUPANCY DATE: Fall 2016

PARKING:

  • Parking available for 1 Bedroom plus Den suite and larger at $45,000
  • Signature Collection: 1 parking included

FLOOR PREMIUMS

  • $1,000 Floor increment applies
  • $5,000 Floor increment applies
  • $10,000 Floor increment applies
1 Terrace Option available
* Prices and Specifications subject to change without notice, E. & O.E. June 21, 2013. The approximate areas or square footages of the above-noted suites (and of the balconies or terraces associated therewith) are subject to change without notice, and the Vendor/Declarant shall have no liability for any resulting variance(s) between the actual final area(s) thereof and the stated area(s) outlined above. **Based on 2013 Property Tax Rates by the City of Toronto ***Excludes parking and locker maintenance, as well as the approximate $60 Beanfield monthly internet sen/ice. Last Updating June 24, 2013

Important Message: In order for an investor to take advantage of Buying Pre-construction Condos is to buy before it is 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 Register, we can only bring limited number of buyers into the Platinum VIP Sales Event, so pre-register now for priority access:

 
 

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Casa III Condominiums

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Casa III Condominiums

Casa 3 Condos- the third phase of Yorkville‘s finest address. Following the spectacular success in 2012 of 1 Thousand Bay and Casa II, both of which are now under construction, Cresford is proud to announce the much-anticipated arrival of Casa 3 Condos, the next phase of sophisticated Yorkville living. Like Casa & Casa II, Casa III Condos will offer the right combination of location, luxury and value, with a great selection of suite designs at attractive prices.

**2 Years of Rental Guarantee or $8,000 Cash Back Limited time ONLY!

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Casa III Condos located at 50 Charles St. E. in the most celebrated neighbourhood of style and culture, unique blend of designer boutiques, fashionable restaurants, plush hotels and world class galleries.

The international signature of style and sophistication takes up residence in Yorkville. Following the spectacular success of CASA and CASA II, Cresford proudly introduces CASA III Condominiums, with lobby to be furnished with Hermès. Say oui to French-inspired elegance with a splash of bold colour and enticing designs. Come home to an alluring, Euro chic address and a lifestyle that truly celebrates joie de vivre – the joy of living!

With a vision to replicate the Bloor Street fashion mile, the forecourt of CASA 3 Condominiums will be transformed into an exciting, vibrant and pedestrian-friendly space, energized with 24/7 life and vitality.

Just steps away is the Royal Ontario Museum, displaying a fascinating collection of artifacts from around the world. Culture enthusiasts can experience a spectacular array of attractions mere minutes from home. Enjoy a new stage production at the Four Seasons Centre for the Performing Arts or admire the exquisite ceramic sculptures at the Gardiner Museum. Revel in eclectic art creations at the Frank Gehry designed Art Gallery of Ontario, only a short cab or subway ride away. Located in the cultural heart of Toronto, CASA III Condominiums is where you can enjoy the best things in life right at your doorstep.

Features & Finishes

AN ARCHITECTURAL LANDMARK

  • Sculptural 56-storey glass tower designed by Peter Clewes of architectsAlliance
  • Soaring 20′ lobby and two levels of inspired amenity spaces
  • Lobby overlooking a tranquil water feature
  • 24/7 resident dedicated concierge services
  • Two levels of recreational and entertainment amenities offering residents the ultimate lifestyle, including:
Outdoor pool
Four luxuriously appointed guest suites
Fully equipped fitness facility with dedicated yoga studio and his/hers change rooms
Large outdoor terrace with BB Q
Resident lounge
Multi-purpose area with catering kitchen for stylish entertaining
Billiards and games room
Hotel-inspired personal services including blow-dry bar, nail salon and massage studio**
Media room

INSPIRED SUITE INTERIORS

  • 9′ smooth ceilings in all suites*
  • Floor-to-ceiling windows with insulated double-glazed windows
  • Spacious wraparound balconies*
  • Choice of designer selected laminate flooring in all living areas*
  • Contemporary glass sliding doors*
  • Solid-core paint-finish entry doors with security view-hole
  • Modern profile painted base boards, door frames and casings
  • Designer-selected door handles and hardware
  • Built-in closet cabinetry*

CONTEMPORARY GOURMET KITCHENS

  • Open concept kitchen (island optional)*
  • Choice of contemporary cabinetry in a variety of styles and colours
  • Choice of natural stone or quartz countertops
  • Choice of ceramic tile backsplash
  • State-of-the-art stainless steel appliances including: fridge, dishwasher, microwave oven with integrated exhaust fan and stove
  • Under mount stainless steel sink with integrated pull-out faucet head
  • Designer-selected ceiling mounted light fixture

LUXURIOUS ENSUITE BATHROOMS

  • Choice of contemporary cabinetry in a variety of styles and colours
  • Marble countertops in master bathroom*
  • Cultured marble countertop with integrated basin in second bathroom*
  • Full height ceramic tile bathtub surround with tiled skirt and shower surround*
  • Choice of porcelain tile flooring
  • Designer-selected chrome finish bathroom hardware
  • Decorative wall lighting fixture
  • Wall-mounted frameless mirror

CONVENIENT LAUNDRY

  • In-suite laundry closet with stacked washer and dryer
  • Ceramic tile flooring

PEACE OF MIND SECURITY

  • Electronic communication system in lobby vestibule permits visitors to communicate with suite from entrances
  • Closed circuit cameras, panic buttons and high intensity lighting in parking garage
  • All main entrances and exits monitored with closed circuit television system
  • Remote control/access card for private garage access
  • Smoke and carbon monoxide detectors

ENVIRONMENTALLY RESPONSIBLE FEATURES

  • Garbage chutes to facilitate recycling
  • Visitor bicycle parking
  • Individual hydro metering
  • In suite thermostat controlled heating and air conditioning

STATE OF THE ART ELECTRICAL FEATURES

  • Pre-wired for cable TV, high-speed internet access and telephones*
  • Card and key access throughout all common areas
*As per plan
**Subject to change without notice, some conditions apply.
Colours and/or materials to be selected from Vendor’s standard sample packages Cresford Developments warranty backed by Tarion Warranty program for new construction The Vendor has the right to substitute other products and materials from those listed in this schedule, provided substituted products are of equal or better value.

Casa III Condominiums Platinum Agent Price List

BUILDING FEATURES

The international signature of style and sophistication takes up residence in Yorkville. Designed by award winning architects Alliance, Casa 3 Condos rises above the ordinary. The contemporary 56-storey glass structure is a true tribute to modern urban living. CASA III Condominiums comes fully outfitted with 24/7 concierge services and a soaring 20’ lobby overlooking a serene water feature and adorned with Hermès furniture.

LOCATION

Located in the heart of Yorkville, Canada’s quintessential luxury shopping and culture district, Casa III is surrounded by world-class elegance, designer label shopping, gourmet eateries, chic salons and spas and fine hotels. Culture enthusiasts can experience a spectacular array of attractions mere minutes from home. Walk a few steps to the Yonge/Bloor subway and be anywhere in the city. CASA III Condos’proximity to the subway makes it an ideal choice for students at U of T, Ryerson and many colleges. Between CASA III Condos’ luxury and location, you can rest assured that your suite will command premium pricing and rental rates. This is Yorkville at its finest, and its right outside your door.

SUITE FEATURES

  • 9’ smooth ceilings with floor to ceiling windows
  • Wrap-around balconies
  • Choice of designer selected laminate flooring throughout
  • Contemporary open-concept kitchen with stainless steel appliances
  • Choice of natural stone or quartz countertops in kitchen
  • Marble countertops in master bathroom
  • Cultured marble countertop with integrated basin in second bathroom
  • In-suite stacked washer/dryer
  • Communication system in lobby allowing visitors direct contact with your suite
  • In-suite thermostat controlled heating and air conditioning

AMENITIES

Lavish on not one, but two entire floors of amenities! CASA III Condominiums’ amenities offer residents the ultimate in entertainment and convenience, including:

  • Four luxuriously appointed guest suites
  • Hotel-inspired Spa, including blow-dry bar and massage studio
  • Billiards and Games room
  • State of the art Media Room
  • Resident lounge
  • Outdoor pool and dining pavilion
  • Party room and catering kitchen
  • Fully equipped fitness center with his/her change rooms

Price List and Floor Plans  are available upon request.

 

 

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