Nero Condos – Dundas West
December 29, 2011 by admin · Leave a Comment
Nero Condos in Dundas Street West combines a mix of condos, 2-storey loft style units, and larger townhomes with only 98 total units available. The condos range from studios at 400 sq ft up to 2 bedroom and den suites at just over 1000 sq ft. The 2-storey lofts range from 891 sq ft up [...]
Picasso Condos
October 31, 2011 by admin · Leave a Comment
Picasso occupies one of the most significant sites in downtown Toronto. Situated at the foot of Beverly Street, and at the head of Widmer Street, along the north side of Richmond, the building will be seen as an urban icon in relation to other landmark downtown buildings. The completed condominium will offer a unique residential [...]
Karma Condos – Yonge and College
October 31, 2011 by admin · Leave a Comment
Lifetime Developments and Centrecourt Developments present Karma Condos. Karma Condos will be a sleek new tower located at 21 Grenville Street (Yonge and College) and designed by architects Alliance. The building will have approx. 10 units per floor and at least 46 storeys. As the developer site says, nothing else compares to Karma Condominiums. Everything [...]
Interest Rate Hikes likely on hold until 2012
August 21, 2011 by admin · Leave a Comment
The Toronto Real Estate Board mid-month August reports states there were 3,214 sales through the Toronto MLS system during the first 14 days of August, representing more than a 22.5 per cent increase compared to the same period in August 2010. Year-to-date sales through the 14th of August were all but caught up to last [...]
Home Prices May Finally Be Flattening
July 24, 2011 by admin · Leave a Comment
The Royal Bank just released a report indicating that the Canadian housing market is making a transition to a much slower pace of growth as compared to rates seen in the previous ten years. The report states home resales are expected to grow by 0.9 per cent this year and remain unchanged in 2012, while [...]
The Rules of Multiple Bidding Wars
June 25, 2011 by admin · Leave a Comment
Excellent article from moneyville.ca on knowing the rules when involved in a bidding war. Multiple offers or bidding wars continue to happen all over the GTA. Buyers, sellers and real estate agents need to be aware of what to expect. The rules may be different, depending on whether you are selling your home through a [...]
Why Variable Rate Mortgages May Be Best
May 8, 2011 by admin · Leave a Comment
Research shows that homeowners who take a variable rate mortgage can save much more over the life of a mortgage than those who stick with a fixed rate. But that doesn’t mean variable rate mortgages, which go up and down with the prime rate, are right for everyone. What looks best on paper may not [...]
Will Condo Prices Rise or Fall this Year?
April 2, 2011 by admin · Leave a Comment
A recent article I read asked the question “Are condo prices set to fall?” While the condominium market in Canada shows emerging signs of oversupply there is no crash imminent, says a report by the Bank of Nova Scotia. The supply overhang means that soft pricing conditions for the condo market will characterize 2011, especially [...]
Condo Maintenance Fees Explained
March 1, 2011 by admin · Leave a Comment
In my years of real estate experience I am continuously asked by my clients to explain what condo maintenance fees are and why some buildings have higher fees than others. I have also discovered that condo maintenance fees are typically viewed with negativity by prospective buyers as being a burden or obstacle toward buying the [...]
Home Resale Prices May Drop 7 Percent Over Next 12 Months
January 17, 2011 by admin · Leave a Comment
According to the Toronto Star, Finance Minister Jim Flaherty has tightened up mortgage rules to tackle growing household debt in Canada. The measures put new restrictions on borrowing against the value of a home and reduced amortization allowing Canadians to pay off their homes more quickly. Ottawa moved to reduce the maximum amortization period to [...]
