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Top Myths That Trip Up First-Time Home Buyers

If you’re thinking about buying a home in GTA, you’ve probably received your share of advice from family and friends. Add to that the constant stream of TV shows, news segments, and social media posts that over-simplify the home buying process for easy entertainment.

With so much information to sift through, it can be tough to distinguish fact from fiction. That’s why we’re revealing the truth behind some of the most common home buyer myths and misconceptions.

Buying a home is a big decision, but it doesn’t have to be a scary one. If you arm yourself with knowledge and a qualified team of support professionals, you’ll be well equipped to make the right choices for your family and financial future.

DON’T FALL FOR THESE COMMON HOME BUYER MYTHS

Myth #1: You need a 20% down payment.

Plenty of buyers are purchasing homes with down payments that are much less than 20% of the total cost of the property. Today, you can buy a home with as little as 3-5% down.

There are multiple programs out there that allow you to have a lower down payment, and a lender or mortgage broker can talk you through which option is the best for you. Since you’re putting less money down, you’re a riskier borrower to your lender than people who put down a full 20%. Because of this, you will most likely need to pay mortgage insurance as part of your monthly payment.

Myth #2: Real estate agents are expensive.

Your agent is with you every step of the way throughout your home buying journey, and he or she spends countless hours working on your behalf. It sounds like having an agent is expensive, right? Well, not for you. Buyers usually don’t pay a real estate agent’s commission. Your agent’s fee is paid for at closing by the seller of the home you’re buying.1 The seller knows to factor this cost into the property’s total purchase price.

Myth #3: Don’t call a real estate agent until you’re ready to buy.

The earlier you bring in an agent to help with the purchasing process, the better. Even if you’re in the very early stages of casually browsing Zillow, Realtor.ca, a real estate professional can be a huge help.

They can create a search for you in the Multiple Listing Service (MLS), so you get notifications for every house that meets your criteria as soon as it hits the market. The MLS is typically more up-to-date than popular home search sites like Zillow and Trulia. Setting up a search a few months before you’re considering buying gives you a good idea of what’s out there in your town that’s in your budget. Reviewing the MLS and speaking with an agent as soon as possible can help you set realistic expectations for when you actually start the house hunting process.

Myth #4: Fixer-uppers are more budget friendly.

We’ve all watched the shows on HGTV that encourage people to go after fixer-uppers because they’re more affordable and allow buyers to eventually renovate the home to include everything on their wishlist. But, this isn’t always the case.

Sometimes, homes that need a lot of work also require a lot of money. Big renovations, like add-ons, a total kitchen remodel, or installing a pool, take a lot longer than it looks on TV. If you’re really interested in a fixer-upper, ask your agent to show you a mix of newer homes and older homes. If you fall in love with an older home that needs a lot of work, get some quotes from contractors before you buy so you know the real cost of the renovations and see if you can work them into your budget.

Myth #5: Your only upfront cost is your down payment.

Your down payment is big, but it isn’t the only money you’ll spend during the home buying process. At closing, you’ll pay your down payment, but you’ll also bring closing costs to the table. Closing costs are typically anywhere from 2-4% of the total purchase price of the home.2 This amount includes the cost for items like homeowners insurance, title fees, and more.

You’ll also need to pay for an inspection before closing, which usually costs a few hundred dollars. This price will be higher or lower based on the size of your new property. Your lender will also require an appraisal. An appraiser will come in and inspect the home to determine how much it’s worth. Depending on your lender, you may have to pay this when the appraisal is conducted or it might be rolled into your closing costs.

Myth #6: You need a high credit score to buy a house.

You don’t need perfect credit to buy the perfect home. There are loans out there that buyers with lower credit scores can qualify for. These are good options for people who have had credit issues in the past, but some of them come with additional fees you will need to pay. Speak to a few local lenders or mortgage brokers to talk through which options might be best for you.

Myth #7: You can’t qualify for a mortgage if you’re still paying off student loans.

While some buyers may feel more comfortable paying off their existing debts before taking the leap into homeownership, it’s not a requirement. When you’re applying for a mortgage, the lender takes a close look at your debt-to-income ratio.3 If you want to calculate this on your own, add up all of your monthly debt payments and divide those by your monthly income. When you’re lender does this, they’re trying to make sure that you will be able to afford your monthly mortgage payments along with your other existing payments. If your income is high enough to allow you to make all of these payments each month, having a student loan will most likely not stop you from getting a mortgage.

Myth #8: You should base your budget on what your lender approves.

How much house you qualify for and how much you can afford are two totally different numbers. When you prequalify for a mortgage, your lender will look at your income, debt, assets, credit score, and financial history to determine how much money you might qualify for.4 For some people, this number might be much higher than you thought because lenders tend to approve for the highest amount they think you can afford. But that doesn’t mean that’s how much you should borrow.

Instead, figure out how much house you can actually afford. An online mortgage calculator can be a good first step in determining this number. We recommend thinking about what you want your monthly payment to be as a starting point. And remember to include your principal, interest, taxes, and, insurance. You should also think about ownership expenses that aren’t part of your monthly payment, like HOA dues and maintenance.

Myth #9: It’s all about location.

You’ve heard the phrase. Location, location, location is basically the real estate industry’s motto, but we’ll let you in on a little known secret: It’s not always true. Yes, location is great to consider when it comes to school districts and commute times, but you also need to think about how the home will function for you and/or your family’s lifestyle. If a family of five is choosing between a one bedroom condo in the bustling city center and a 4-bedroom home out in the suburbs, the latter is probably the best, most functional choice for them. Also, by buying in a less sought after neighborhood, your property taxes will most likely be much lower!

Obviously, you might still want to choose an area with great resale potential, and this is something that your agent can speak to you about. They’re an expert in your city and are constantly monitoring buying and selling trends.

Myth #10: If you look hard enough, you’ll find a home that checks every box on your wishlist.

You’ve seen that famous house hunting show. And while we have our suspicions about how real it is, the one thing they get right is that almost every buyer needs to compromise on something. Yes, the perfect house that meets every item on your wishlist is probably out there, but it’s also probably double or triple your budget.

A long wishlist can be a great starting point for figuring out what you want and don’t want, but we recommend narrowing that wishlist down to the top five things that are important to you in order of priority. We also recommend noting on your wishlist what your absolute deal breakers are, like “must have a yard for our dog,” and noting what you can live without, like “heated bathroom floors.”

This is a great list to discuss when you first start talking to an agent. A good real estate agent will be able to look at your list and find properties that might work for you. By coming to that first meeting with realistic expectations and knowledge about home buying rather than a bunch of myths heard here and there, you’ll be able to start the process off on the right foot and be in your new house in no time.

WE’RE HERE TO HELP

Whether you’re a first-time buyer or a seasoned homeowner, there’s no reason to go through the home buying process without an advocate on your side. We’re here to answer your questions and do the hard work for you, so you can spend your time dreaming about your new home. Call us today to schedule a free, no-obligation consultation. Please visit our website for detail   www.SnapHomes.ca

Get a FREE copy of our Home Buyer’s Guide to Getting Mortgage Ready

Now that we’ve cleared up these common homebuyer myths, find out if you know the steps you should take to prepare financially before you apply for a mortgage. Contact us to request a complimentary copy of our “Home Buyer’s Guide to Getting Mortgage Ready.”

Note: Mortgage Ready Guides are part of the March 2018 MVP.

Download Canadian Version at: Mortgage Ready Guide

Sources:

  1. Realtor.com –

https://www.realtor.com/advice/finance/realtor-fees-closing-costs/

  1. The Balance –
    https://www.thebalance.com/buyer-s-closing-costs-1798422
  2. StudentLoanHero –

https://studentloanhero.com/featured/student-loans-buying-house/

  1. Zillow –

https://www.zillow.com/mortgage-learning/pre-qualification-vs-pre-approval/

 

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Posted by on May 10, 2019 in Condominiums

 

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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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Developers turn landlords as sales slow

Those high-rise builders are now bypassing the condo investors and renting out units that would otherwise languish on the market.

“No one wants to hold onto real estate, but this is a natural because the rental market is so crazy,” condo developer Paul Golini, with Empire Communities, told the Toronto Star.

He’s not alone with other condo builders moving to capitalize on a hot market as their own cools.

While condo sales in the GTA flatlined with the introduction of new tighter mortgage rules, occupancy rates have continued to edge skyward as the city struggles to meet demand from new migrants and others looking to the downtown core for shelter.

Their eagerness continues to spur rental price growth, a lure for developers trying to shift units as as an increasing number of buyers adopt a wait-and-see position.

The newfound interest of developers may ultimately lower the heat under the rental market of rental inventory spikes in the short-term.

Still, that kind of phenomenon in the long-term is unlikely, say analysts, pointing to rental demand that is forecast to dwarf the thousands of units under construction.

Source: CREW
 

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The Upper Canada Condos

As Avenue Road stretches north, it approaches one of Toronto’s most prestigious and desirable neighbourhoods. It is here where a stunning new condominium residence is being created which offers truly exceptional value amidst the affluence which surrounds it.

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Developed by State Building Group and Madison Homes, The Upper Canada is an 18-storey condominium tower soon to rise at Avenue Road and Lonsdale Avenue, offering affordable elegance just steps from the stately mansions and tree-lined streets of one of Toronto’s most exclusive neighborhoods – Forest Hill.

Here one is mere minutes from the charming shops and cafes of Forest Hill Village, as well as the exclusive stores and restaurants Bloor/Yorkville.

Long one of the city’s most prestigious streets, Avenue Road will welcome the addition of The Upper Canada Condominium and its modern architecture, with a look reflecting the fresh design thinking of its development team and featuring a distinguished selection of suite designs that have been thoughtfully designed for the most discerning of purchasers.

Behind its sleek and contemporary façade of timeless precast, classic brick and expansive tinted glass, The Upper Canada Condominiums will comprise a total of only 93 exceptional suites. Spacious and practical in their design, suites will range in size from approximately 1,000 to 3,000 square at prices ranging from the $700,000’s to $2 million respectively.

Standard luxury features in the well-appointed suites include 9’ and 10’ ceilings, bright expansive windows, large designer kitchens and eating areas, premium built-in appliances, private ensuite retreats, and more. Moreover, each two-bedroom residence incorporates both a den and an oversized balcony or a highly sought-after terrace offering fabulous views of the city and the mature treetops of the surrounding neighbourhoods.

Just past the intricacy of the brick driveway and the richness of the front landscaping, residents and guests will enter The Upper Canada under a gracious glass-faceted canopy. With classic granite walls flanking either side of the stately entrance, a world of refinement awaits within.

Upon entering The Upper Canada Condominium, you and your guests will be greeted by a 24-hour concierge and a lobby that captures the exquisite design aesthetic of The Upper Canada. The focal point is the fireside seating area that is set under an elliptical coffered ceiling whose curved lines are echoed in the choice of both furnishings and artwork.

Just beyond the lobby, The Upper Canada provides all, the amenities one would expect from a residence of this extraordinary level of quality – an array of social, fitness and recreational facilities which contribute greatly to the appeal of its leisurely, maintenance-free lifestyle.

Imbued with the ambiance of a grand hotel, the party room and lounge are ideal for entertaining, with kitchen/dining facilities, and opening onto the lush greenery of a beautifully landscaped expansive private outdoor terrace. An inviting swimming pool evokes a spa-like atmosphere where one can enjoy a swim, relax on a chaise lounge chair, or bask in the soothing comfort of the hot tub. A professionally equipped exercise room welcomes residents for their daily workout while an elegantly furnished guest suite is available to accommodate their overnight guests.

Adding considerably to the advantages of its location at the gateway to Forest Hill, The Upper Canada Condos is also just minutes from Yonge Street – both the tony retail environs of Bloor-Yorkville and the trendy corner of Yonge and St. Clair – as well as offering easy access to the TTC and major highways.

The Upper Canada Condos’ design team has been augmented by the talents of award-winning architects EI Richmond, responsible for many of the GTA’s most desirable condominium addresses, along with respected interior design firm, Tomas Pearce Interior Design Consulting. Handling sales for the condominium residence is the renowned Sotheby’s International Realty.

State Building Group prides itself on offering some of Toronto’s finest developments, both in new single family homes and condominium. Recognized for its exceptional floor plan and space designs, as well as outstanding customer service, State Building Group has demonstrated its long standing commitment to satisfying the needs of the discerning home buyer for over 40 years.

It has done so consistently at projects ranging from the luxurious single family homes of The Bridlepath of Thornhill to the upscale condominiums of Hillside at Yonge and York Mills. Superior interiors, upgraded finishes and exceptionally well-proportioned room sizes are integral features of all State-built new homes and condominiums, and The Upper Canada Condos will continue to reflect this commitment.

With its coveted location, stunning design and superb value, The Upper Canada brings affordable elegance to Toronto’s most affluent of neighbourhoods.

Features & Finishes

The Upper Canada Condos is located steps from Toronto’s most prestigious Neighbourhood of FOREST HILL

THE UPPER CANADA SPECTACULAR ARCHITECTURAL FREATURES

  • A classic elegant 18 storey building.
  • Premier location at Avenue Road and Lonsdale Road close to transit, shopping, cafes, parks, nature and fitness trails, and the City’s major thoroughfares and highways.
  • Beautifully landscaped circular driveway with interlocking stone and gracious glass canopy.
  • Expansive double glazed windows throughout offering an abundance of natural light and panoramic views.
  • Spacious outdoor Balconies and Terraces.
  • Elegant finishing details in corridors and at suite entrance doorways.

THE UPPER CANADA’s STUNNING LOBBY

  • Grand Hotel-style lobby with central marble-clad fireplace, cornice mouldings, elegant furnishings and appointments.
  • 24/7 concierge station with separate secured storage area for owner’s deliveries.
  • Conveniently located mail room.

The UPPER CANADA’s BUILDING AMENITIES

  • Indoor swimming pool with hot tub.
  • Separate men’s and women’s change rooms with saunas. lockers, washrooms and showers.
  • Equipped fitness area with windows into the pool area.
  • Outdoor Terrace area fully landscaped area for dining and lounging located off the indoor Lounge and the indoor Pool area.
  • Private dining room with Caterer’s kitchen.
  • Party room/lounge area.
  • Conference room.
  • Furnished guest suite for overnight guests.
  • Visitor parking available underground.
  • Storage locker and bicycle storage underground available for purchase.

THE UPPER CANADA’s LUXURIOUS SUITE FEATURES

  • 9’0″ ceiling height on floors 2-14 and lO’O” ceiling height on floors 15-19.**
  • 8’0″ high solid core suite entrance door with lever hardware.
  • Designer selected pre-finished engineered 3″ wide hardwood flooring with cork underlay throughout (except tiled areas).
  • 5’A” contemporary-style baseboards with 3″ matching door-casings with backhand.
  • Plaster cornice moulding in foyer.
  • Architecturally designed, double-pane windows with operable awning window.
  • Smooth ceiling finish throughout suite.
  • 7’0″ interior door height with lever hardware.
  • All interior walls and trims to be painted off white.

TECHNICAL AND ELECTRICAL

Year round fan coil heating and cooling system.Individually controlled Programmable thermostats in each suite to allow residents to choose the temperature setting and schedule their own heating and cooling. Individual metering of in-suite electricity. Individual service panel with in-suite circuit breaker. White Decora style switches and receptacles throughout. Capped ceiling light outlet in dining room, kitchen, breakfast area, bedrooms and den. Cable TV outlets located in living room, bedrooms and den. Telephone outlets in kitchen, bedroom and den. Pot lights-one per 100 sq.ft. of suite area, located at owner’s direction (where permitted by structure, ducting. piping, obstructions and existing drop ceilings).

SAFETY AND SECURITY

  • Personally encoded suite intrusion alarm system.
  • Brightly painted and illuminated underground garage with sprinklers containing several strategically located cameras monitored by the front desk concierge and connected to a central digital recording device.
  • Emergency call stations strategically located on each parking level to enable two-way communication with the front desk concierge.
  • Concierge monitored two-way communication in selected key common areas.
  • Stand by generator to provide emergency lighting in common areas.
  • Each suite equipped with smoke and heat detector.
  • In-suite sprinkler system and hard-wired fire alarm speaker.
  • Electronic access control system for parking garage and amenity areas.
  • Partially glazed underground parking lobby entries.

THE UPPER CANADA’s KITCHEN FEATURES

  • Dcsigner-selcctcd kitchen cabinetry and hardware.
  • Designer-selected granite or engineered stone countcrtops with polished square edge.
  • Matching granite or engineered stone kitchen backsplash.
  • Cabinetry with extended height upper cabinets and under-cabinet valance lighting.
  • Double bowl stainless steel undermount sinks with pull out faucet.
  • ENERGY STAR® stainless steel refrigerator.

THE UPPER CANADA’s BATHROOM FEATURES

  • Designer-selected porcelain floor tiles.
  • Designer-selected porcelain shower wall tiles.
  • Designer-selected marble or engineered stone countertop with undermount sink(s).
  • Frameless glass shower enclosure as per plan.
  • Master ensuite with separate shower stall features white
  • acrylic soaker tub.
  • Separate shower stall with pot light as per plan.
  • Pressure-balanced temperature controlled shower faucet.
  • Full height and width vanity mirror.
  • Exhaust fan vented to exterior.
  • Rough-in for wall sconce and ceiling surface mounted
  • fixture.
  • Privacy lock on all bathroom doors.
* ALL SELECTIONS ARE FROM VENDORS STANDARD SAMPLES. FEATURES AND FINISHES VARY BY SUITE DESIGN AND PLAN.
** Height of ceiling may vary due to height of floor finishes and noise attenuation features. Some areas will have dropped ceilings or bulkheads to accommodate HVAC, mechanical, insulation and structural requirements and will result in lower ceiling heights.
Plans and specifications arc subject to change without notice. Builder may substitute materials provided such materials are of equal or better quality than the material provided in the plans and specifications. Purchaser shall only be entitled to make selections provided that the items are not already ordered or installed. Decorative upgrade items displayed in sales office or furnished model arc for display purposes only and arc not included in the purchase price. E. & O.E. July 18, 2012

BUILDING AND SUITE FEATURES

  • Premier location at Avenue Road and Lonsdale Road close to transit, shopping, cafes, parks, nature and fitness trails
  • Spectacular architectural features
  • Landscaped entrance with circular driveway and glass canopy
  • Elegant hotel-style lobby with marble-clad fireplace
  • 24-hour, 7-day-a-week concierge
  • Expansive windows offering panoramic views
  • 9’0″ ceiling height on floors 2-14 and 10’0″ ceiling on floors 15-19
  • 8’0″ high solid core entry door
  • Exceptional suite designs with superior finishes
  • Indoor swimming pool with hot tub
  • Professionally equipped fitness centre
  • Men’s and Women’s change facilities with saunas
  • Private dining room with caterer’s kitchen
  • Party room and lounge area
  • Beautifully landscaped outdoor terrace retreat
  • Conference room
  • Furnished guest suite height
  • Bicycle storage available underground
  • Visitor parking available underground

Prices, terms, specifications and floorplans subject to change without notice. Floor Area measured in accordance with Tarion Bulletin 22.
Note: Actual usable floor space may vary from the stated floor area.
* See condominium documents and sales representative for details and complete schedule of charges. Please see a Sales Representative for a full list of standard features as provided in Agreement of Purchase and Sale. Special offers may be withdrawn without notice. E. & 0. E. Brokers Protected.
Last Updating August 09, 2012
 

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The One Centre

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The One Centre is a professionally designed mixed used of commercial development, which will be become landmark for prime National retailers, famous restaurants, authentic food court outlets as well as professional and medical offices. Strategically located at the corner of Ward Ave and Eglinton Ave Greater Toronto Area (GTA), largest metropolitan area in Canada. The One Centre will offer unlimited business opportunities for investors and business owners to open doors to their future successes and prosperities.

A community in the Heart of Scarborough

The one centre is located in Prime location in Toronto, and will become a popular destination for shoppers and diners. It has 3.5 acres of the major development land in Toronto and it is serviced by major roadways.  Strategically position among big box Retailers, the ONE centre will take its rightfull place in the centre stage.

 

Floor Plans

Building A

Building B

Building C

Building D

Price:

AGENTS’ INCENTIVE PROGRAM SPECIAL ONE DAY ONLY and My VIP Clients Get:

1- year FREE Maintenance

ONE DAY SALE ONLY

Please contact me if you are interested in this project ASAP.

 

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