361 Front Street: The Matrix – 750 sq.ft. unit facing the city with parking and locker was offered at $269,900, receieved 17 multiple offers and sold without any conditions at $292,500, as reported to me by listing agent. To me, that’s a steal: at $352 PSF NET someone got a great deal. I have visited …
Toronto Star‘s Tony Wong article “Brokers wait for piece of condo action” depicting Realtors standing in long lines and quoting from Will Dunning: “Investors are out in force, sowing their own disappointment”. I emailed Will asking him to explain this statement, but never got a reply. Will’s article is here. Read it and decide for …
Response to Tony Wong’s “Brokers wait for piece of condo action” Read More »
Note to re-sale buyers: if you’re planning on bidding on downtown Toronto condos and lofts, get your ducks and bucks inline as the last few sales I’ve seen happened within hours and were awarded solely on basis of price and no conditions. If you are going into a multiple offer situation:1. get pre-approved and have …
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download article as PDF also in investing: How to Invest in Condos: The Seven Stages of Condo Investing Investing as Ownership Image of Trump International Toronto There’s a new kid on the block and it is called Luxury Residential Living. If you have the wants and means to live in an upgraded environment, your choices …
The New Kid on The Block: Why Luxury Residential Push the Market Up Read More »
A new twist on home buying As rental rates rise some landlords are selling off apartments one by one, but watch out for that tax bill JANE GADD From Friday’s Globe and Mail Imagine owning a home in Forest Hill for a mere $121,000. Okay, it’s only a 400-square-foot bachelor apartment. But it’s solidly built, …
Resale record set; average price rises JANE GADD From Friday’s Globe and Mail A sizzling housing market is adding to the warm feeling experienced by homeowners in the City of Toronto this unseasonably mild winter. The city had its hottest year ever for home sales in 2006, surpassing the previous resale activity record set in …
Deep Lake Water Cooling uses 90% less electricity than conventional cooling Toronto, ON – Enwave Energy Corporation, one of the largest providers of district energy in North America, today announced that it will provide the highly anticipated Trump International Hotel & Tower, currently under development in Toronto, with clean, reliable, sustainable, low cost air conditioning …
A sturdy condo market proves conventional wisdom wrong DEREK RAYMAKER From Friday’s Globe and Mail Every year for the past five years, the same question has cropped up about the forecast for the Greater Toronto Area’s high-rise condominium market: Is this the year sales will finally decline? It’s hard to believe, but there was a …
OMB lets Queen Street West condo-plan proceed VAL ROSS Globe and Mail Update The Ontario Municipal Board will clear the way for high-rise residential construction in the Queen West Triangle when its decision on three appeals that attempted to block the plans is posted on Monday.For those who have defended the area (bordered by Queen …
48 Abell Street, Queen West and OMB Decision [media clip] Read More »
SYDNIA YU Special to The Globe and Mail With about 70 per cent of the suites in the Trump International Hotel and Tower already sold, groundbreaking at the site in Toronto’s financial district is scheduled for spring, with construction expected to start in the summer. “There’s no turning back,” says Barry Landsberg, Toronto director of …
Base Calculation 0.5% on the first $55,000 plus 1.0% of the amount from $55,001 to $250,000 plus 1.5% of the amount in excess of $250,001 to $400,000 plus 2.0% of the amount in excess of $400,000 OR use the following table (same results) Purchase Price Calculation of LTT 0 – 55,000 .005 x Amount 55,001 …
STEVE RUSSELL/TORONTO STAR Condos are seen under construction at the corner of Lakeshore Blvd. and Yonge St., March 21, 2006. Jan 30, 2007 02:24 PM Tony Wong Business Reporter TORONTO STAR Despite an unprecedented influx of new supply on the market, the Toronto condominium sector will continue to do well over the next five years, …
Low-rise home sales decline, record condo surge continues TheStar.com – Athome – Low-rise home sales decline, record condo surge continues February 03, 2007 Theresa Boyle Real Estate Reporter TORONTO STAR New highrise condos continue to sell at record levels in the Greater Toronto Area. New figures released by the association representing the region’s builders show …
Low-rise home sales decline, record condo surge continues Read More »
Resale market to rise 16.8% by 2010: Report TheStar.com – Athome – Resale market to rise 16.8% by 2010: Report Toronto predicted to be fifth overall in condo price growth February 03, 2007 Theresa Boyle Real Estate Reporter The average resale condominium in Toronto is projected to cost $280,175 by the year 2010, up from …
