So what are condo fees? these are the funds that are required for the building’s operation, such as maintenance, security, waste management, cleaning, water, power to common elements, boilers, etc. For a typical 800 sq. ft. condo expect to pay approx $400/mo. in condo fees, and remember […]
Entries from August 2007
Condo Fees #103: Why Boutique Condos can make for Lousy Investment
August 30th, 2007 · No Comments
Tags: Investing
Bigger is Better? Condo Fees #102
August 29th, 2007 · No Comments
Here is a little secret: right about now, most buildings in the city will run you about 50 cents per foot for your condo fees.
So say for example your condo is 750 square feet, your condo fees would come in at $375/mo. more or less.
Parking and Locker also carry […]
Tags: Investing
Condo Fees 101: The Ballad of Poor Nick Clayton
August 28th, 2007 · No Comments
When it comes to condos, ignorance is risk. Take, for example, Nick Clayton quoted in Eye Weekly’s Unreal Estate article, who in my opinion, is naive and was not given professional advice: “Now I understand what the maintenance fees are for”.Poor Nick got himself a house he […]
How to Lose $28 Million in Real Estate
August 27th, 2007 · No Comments
Sapphire Tower cost investors $28 million dollars in bad debts. Sapphire (planned) and 1 King West (completed) are two projects gone belly up this past week, taking with them a lot of investor’s money that was not properly protected. Doubt if they will ever see their […]
Tags: Market Insight · Investing
Philantro-Party: The Cement Mixer Party!
August 24th, 2007 · No Comments
The good people at Habitat for Humanity are throwing a party & a silent auction in order to buy a cement mixer, and to promote their re-stores.Kim Smiley, VP Matketing & Development at Habitat told me that every dollar donated to Habitat, incl. funds from cement mixer party go […]
Tags: Special Event
Dating and Condos: The Morning After
August 24th, 2007 · No Comments
So the date went pretty well and she obviously likes the amenities, especially the easy access and everything else lookin’ good, neat and in working order.
The swanky condo comes complete with three star coffee and breakfast right in bed. Or maybe it’s not the weekend and someone is waking […]
Tags: Market Insight
My Amenities or Yours?
August 23rd, 2007 · No Comments
You scored a super hot date and you’re contemplating these choices: spa treatment for two, private film screening, ashtanga yoga or hot yoga class, roof top drinks and bbq, an open bar friend’s birthday at the party room, go for a swim, the jacuzzi, playing scrabble at the […]
Tags: Market Insight
Dating and Condos
August 22nd, 2007 · No Comments
There’s something in common between Toronto downtown condo living and dating.
First, it’s about the size: “how big is YOUR condo?” - don’t tell me you never asked or were asked this question… ok then… a few more pearls:
“How is the view?”
“Does it look good from the back? or just […]
Tags: Market Insight
“My friend told me…”
August 21st, 2007 · No Comments
With significant upwards momentum in real-estate pricing especially this year marking a phenomenal increase in condo values, clients often ask me these two questions: “my friend told me the market is going to go under” and “my friend told me that it’s better to buy a house then a […]
Tags: Investing
Keys To The VIP - Vol. II
August 19th, 2007 · No Comments
VIP Registration click here
Episode II of the saga is written as recent changes in the market require highlighting. New Developments are fueling the market with injections of new, sexy, ultra-modern architecture, replacing older structure with desired ones.
Buying from plans is still the cheapest way to get into new buildings, although expect to pay […]
Tags: Market Insight · Investing