This blog will feature the newest condos in Toronto, pre-public sales via Platinum Agents access.

Brought to you by:

Joseph Khlaif, B. Comm.
Sales Representative
Right At Home Realty Inc.

Office: (416) 391-3232
Direct Line: (416) 587-5733
Direct Fax: 1-877-587-9499
www.JosephKhlaif.com

Earlier this week, TD brought the rates on both its three- and five-year fixed mortgages in line with RBC, introducing a special on its own five-year equal to RBC’s 3.69 per cent.

The country’s biggest bank made its move on Tuesday, announcing that it has bumped up its five-year-fixed by 20 bps. The decision has been viewed by some industry players as a win for brokers and mono-lines.

“Brokers could use these rate hikes to their advantage for the next two weeks or at least until other lenders decide to raise their rates also,” said Kunal Bhalia, broker with Dominion Lending Centres – Mortgage Village.

Still, none of the other Big Six members appear to have followed suit.

A quick check of the bank’s websites today indicates that CIBC, BMO and National Bank are offering their three-year-fixed at 3.95 per cent and five-year-fixed is 5.24 per cent. However, BMO also offers five-year fixed at a low rate of 3.29 per cent.

Scotia’s three-year-fixed mortgage is 3.99 per cent and its five-year-fixed is 4.99 per cent. The bank has a special offer of 3.99 per cent on its five-year closed-term fixed mortgage.

There are a number of mortgage rates lower than what banks have posted, suggesting brokers increasingly face a hidden rate war – one without the kind of bank advertised rates that encourage fence-sitters into the market. Source: Brokernews

So this chart places each GTA condo project in the month/year of its actual (July 31, 2012 and earlier) or scheduled (August 1, 2012 or later) occupancy date.

Each square represents one building and the size of that square represents the number of units in the building. The colour of each square corresponds to the year that building starting selling (ie Opening Date) and it’s all plotted against the average initial asking price/sf ($/sf) for the building.

Here’s the chart….

This type of chart can be used to learn many things, especially as you drill down into specific geographic areas. However it is quite useful as an overview of projects working through the long delivery pipeline of many years from launch to construction start to occupancy and subsequent closing.

For instance the projects that have occupied, or are scheduled to be occupied (many will be delayed), in 2012 had opening dates ranging from 2007 through 2010 and had an average initial price of $442/sf at opening. The current RealNet Price Index of $542/sf, but the majority projects opening this year – and contributing to today’s price index – are not scheduled to be occupying until 2015 or 2016.

An understanding of today’s new home market requires a look at both ends of the delivery pipeline as typical metrics like sales price and number of starts must now be viewed with the perspective of completions and occupancies.

Source: Realnet.

“It turns out fears of a long and sharp downturn in the housing market, are highly exaggerated and very premature,” said Benjamin Tal, deputy chief economist at CIBC. “In fact demographic forces will be supportive to real estate markets in the coming decade.”

Tal predicts immigration, which is responsible for most of the population growth, will be a major force impacting housing demand.

“What’s more, there is significant jump in the home ownership rate among immigrants as they pass the three-year mark,” said Tal. “In fact, after 10 years in Canada, the propensity among immigrants to own a house is higher than among native Canadians.”

While there will be a decline in the number of Canadians under the age of 25 and those between 45 and 54, those age groups account for a relatively small portion of home buyers, Tal writes in his latest Consumer Watch report.

By contrast, the number of Canadians between the ages of 25 and 35 – the age group that makes up the vast majority of first-time home buyers – will continue to rise, the report said.

“From a housing market perspective, what counts is not only the change in population of a given age group, but more importantly, the level of housing market activity among these groups,” said Tal. “In other words, the group that is most likely to buy a house will grow faster in the coming decade.” Source: Brokernews.ca

July 18, 2012– Greater Toronto REALTORS® reported 6,435 condominium apartment transactions during the second quarter of 2012 – down by 2.6 per cent compared to 6,609 transactions reported in the second quarter of 2011. New listings for condominium apartments were up substantially on a year-over-year basis, climbing by 19 per cent in comparison to 2011.

“The condominium apartment market has been the best-supplied market segment in the GTA this year. Many condominium projects have completed over the past year and this has resulted in a substantial increase in listings and ultimately more choice for buyers,” said Toronto Real Estate Board President Ann Hannah. “The greater degree of choice in the condo market translated into a moderate rate of price growth compared to what was experienced in the low-rise market segment.”

The average price for second quarter condominium apartment sales was $342,212, representing a 3.2 per cent increase over the same period in 2011.

“Sellers seemed to be well-aware of condo market conditions in the second quarter. On average, units were priced in line with buyer expectations, with apartments selling for 98 per cent of the asking price in less than a month’s time,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. 6,435 6,609 Second Quarter 2012 Second Quarter 2011

Should you lease a new car, or should you buy one? Like most financial questions, the answer depends on your situation. For some people, leasing a car presents distinct economic advantages. For others, buying a car is the way to go.

There’s plenty of online material to help you choose your optimal path, but this 3-minute piece from NBC’s The Today Show serves as an excellent summary. In it, you’ll learn about the basics of leasing a car, and for whom leasing can be a great fit. You’ll also hear reasons to avoid a lease completely.

The NBC interview makes all of the following points :

• Leasing allows you to drive a car that may be “too expensive” to purchase
• Leasing puts you in a new car, with the latest safety features and gadgets, every few years
• Buying a car means that you have no mileage limits, and can sell at any time

For many people, it concludes, buying a car is preferable to leasing one, with a notable exception being those people who can claim their car or truck as a tax deduction. Be sure to check with your tax advisor if you plan to take that route.

However, for another group — homeowners and active home buyers — leasing a car can invite mortgage approval trouble. This is because a car lease payment is assumed by a mortgage underwriter to be a perpetual debt; one that never reduces or gets extinguished. When a lease is complete, it must be replaced with a new lease, and so on.

Therefore, no matter how many payments remain in a lease, mortgage applicants must use the full car lease payment for purposes of a mortgage approval.

By contrast, for people whom are owners of their automobiles, car payments must only be added to debt ratios if more than 10 car payments remain until the car’s loan is paid-in-full. For homeowners and buyers , this can improve debt-to-income ratios and support a higher purchase price on a home.

There is no firm rule for whether it better to lease a car or to own one. The arguments for both sides are compelling and reasonable. Start with the video, then do your own research. 

RIVERSAILS @ UPPER SERANGOON CRESCENT

Developer: Riversails by Allgreen

Address: Upper Serangoon Crescent

description: 12 Blocks of 18-storey condominium

Site area: Approx 24,620 sqm / 265,007 sqf

Tenure: 99 years wef 7 December 2011

Estimated TOP: 30th September 2017

Total Units: 920

Types of Units:

I br- Approx 505-516sqf

2 br- Approx 850-893sqf

2 br+Stdy- Approx 914-947sqf

3 br- Approx 1033-1109sqf

3br+Stdy- Approx 1184sqf

4br- Approx 1367sqf

Penthouse- Approx 1819-2970sqf

Riversails by Allgreen

RIVERSAILS

 RIVERSAILS BY ALLGREEN

RIVERSAILS @ UPPER SERANGOON CRESCENT

Register for VVIP Preview to enjoy Priority selection & Early Bird Discounts
VVIP Preview Strictly By Invitation ONLY so do call NOW!!!

Marketing Agency:  Knight Frank

Estate Agents License No. L3008430D

 

Call Developer Sales Team for Non Obligation Presentation, Registration97253382VINCENT LIM

lincaifu@gmail.com

 

http://vincentlim.virtualhomes.sg

www.lincaifu.myweb.sg

 

 Other Projects:

 

D19 D’zire

 

D19 Bartley Residences

 

D11 Newton Imperial

 

D17 Parc Olympia

 

D11 8 Bassein

 

 

 

 

I saw this article in “The Nation” this morning, looks like the cost of new houses or condos may be going up: 

Home-builders’ costs are expected to increase by 5-10 per cent in the final quarter of the year because of rises in the cost of construction materials and labour.

Home Builder Association president Dr Patchara Tantayanyong said home-construction companies would maintain current residential prices until the end of the ninth “Home Builder” exposition that will run from August 23-26 at the Plenary Hall, Queen Sirikit National Convention Centre.

She said the demand to build homes had recovered after last year’s flood and would drive market growth of least 5 per cent this year. The Home Builder 2012 expo targets new contracts worth Bt3.3 billion from the four-day event, up 15 per cent from Bt2.9 billion at last year’s expo.

The association also expects 15-20 per cent more visitors this year, totalling between 50,000 and 70,000, as buyers are eager to build before prices go up.

To boost the number of visitors at this event, Home Builder 2012 will coincide with Home Buyer Expo 2012, a leading consumer show for detached houses, townhouses and condominiums, NPA Grand Sale 2012 organised by the Housing Finance Association, and Home Loan 2012, a consumer finance show – all of which are expected to draw a good number of well-informed visitors to the venue.

Meanwhile, the association will partner with the Iron and Steel Institute of Thailand and the de-partment of innovation in real estate development, faculty of architecture and planning, Thammasat University, to highlight the “Across the Line” concept. They will showcase the latest in home construction and design innovations and outlook as well as play host to more than 40 leading home-builders and building-material suppliers.

The RCLCO Future RMI Index indicates steady recovery in the real estate market

Both the current and future RMI (Real Estate Market) index remained well above 60, which is a strong indicator that economic and real estate market conditions are healthy and improving.  Five out of ten tracked land usage indicators also have an index above 60.  Overall, there have been major improvements in the economy and real estate from a year ago and since the first quarter of 2012.

Overall, there have been major improvements in the economy and real estate from a year ago and since the first quarter of 2012.

Most U.S. Regional RMI indicators are well over 60 pointing the way toward future growth

Even though unemployment is still high, real estate forecasters are optimistic about the future outlook for the economy and the real estate markets.  RCLCO believes that the likelihood that the U.S. will slip back into a recession is slim.

Predictions for future growth in the economic and real estate markets for the coming year are looking good.

Recovery will be slow, but steady according to RCLCO with unemployment catching up and the markets will improve as the retail sector will start to benefit from the recovery.

References: 

RCLCO
RCLCO: The Advisory – July 26, 2012

Some home owners or first time home buyers believe that purchasing a condo is much easier and more convenient than purchasing a home.  But that is not the case, there are still many things to look at, and if you’re not careful you can get stuck with a property that is less than suitable.

The suburban town of Mississauga is now booming, ready to burst into a live, crowded city like its neighboring city Toronto. With new condos in Mississauga just shooting up all around the City Centre, the once suburban city is starting to look like the skyline of Toronto. If you’re looking to purchase one of these new condos, the question is, which one should you buy? Below is a list of features you should consider when purchasing a condo in Mississauga around City Centre:

• Location/View – Does your condo have a view? Or is it obstructed by another condo? Is it a 10 or 20 minute walk to Square One Shopping Centre? Depending on the location, noise may be an issue – some condos may be in a high traffic areas where you can hear cars or planes, and while some residents may not mind that, others do.

• Your Neighbours – You may want to consider the demographics of your building. Are the residents in your condo around the same age, the same culture? This may affect the noise level and the type of guests that come in and out of your building. Some condos may have residents with an average age of 50+ while some condos such as the Onyx 223 Webb Drive are mostly 24+ males.

• Building Security – Concierge, security officers, cameras – most residents want to ensure that they are safe and their condo is not easily accessible just by anyone off the street.

• Hydro/water – Check with your Real Estate Agent or Toronto MLS if these are included with the maintenance fees. Depending on the condo, some include just the hydro; some include just the water bill; some don’t include either!

• Maintenance Fees/Repair Funds – new condos aged 1-10 years old should have a repair fund of 10% of the cost of the replaceable items. If the maintenance fees are suspiciously low compared to other condos, watch out – if those amenities need replacing all of a sudden – that maintenance fee might suddenly rocket!

• Modern design/hardwood flooring – most new condos in Mississauga have a modern, open-concept design which most people prefer – the suite appears most spacious and spreads light throughout the condo. Hardwood flooring is an attractive option for all homeowners and is also easy to clean!

• Vents/Kitchen Stove Hood Fan – does the fan vent outside the complex or circulate through the building? Most new condos in Mississauga should have the fans vent outside the complex, but you do want to make sure. You don’t want all of your neighbours’ cooking wafting through the hallways!

• Concrete/Wood framing construction – With so many new condos being built in the City Centre area, the new Sheridan college, Mississauga Celebration Square, noise level is certainly on the rise! With a concrete frame, noise level is reduced whereas with a wood framing construction – you may hear not only the traffic down below – but your neighbours to the left, right, and above you! Also, it’s safer! The sturdier the frame – the safer you are.

• Pricing – check out other units in the buildings and other condos in the area to make sure you are not overpaying, and that you are getting what you are paying for. You can also check out Toronto MLS on your computer at home to check out many different properties before you settle on one.

These are just some of the features you should look at before purchasing – before deciding, make sure you talk to your Realtor, check out different properties online and on Toronto MLS and in person, take a drive in the neighbourhood, anything that will ensure you have picked just the right home for you (and your family)!

Zillow’s listing of top seller and buyer housing markets

Zillow Chief Economist Stan Humphries says “It’s refreshing to see some markets swinging back in favor of sellers, with asking prices being met and listings spending fewer days on market.”  He reports that “The housing recession has been long and rocky, and we’re seeing more balance during this summer selling season. Of course, many markets are still firmly in favor of buyers, and we expect that to continue until the recovery takes more of a hold nationwide.”

A Sample of Zillow’s Real Estate Market Report 2012 (click image to enlarge)

Another good indicator of the improving health of the real estate market is the rising home value index.  Zillow reports that from April to May of 2012, housing values increased 0.5% overall.

The U.S. Home Value Index is on the rise according to Zillow.

Home values have risen for the past three months showing strong appreciation rate increases overall.

References:  May 2012 Zillow Real Estate Market Report.

The rumors of a housing comeback are becoming reality as housing sales are beginning to climb and prices are beginning to increase reports David Wessel of The Wall Street Journal. (click to enlarge)

The inventory of unsold homes is shrinking contributing to the market’s comeback.  Housing construction is also up by 26% since spring of last year which has contributed to the economy’s growth recently.

Experts agree that even as the economy slows a bit, the recovery of the housing market is steadily gaining momentum.  The majority of economic forecasters agree that the housing market has bottomed out.

References:
http://online.wsj.com/article/SB10001424052702303644004577520414196790098.html#printMode

Tridel now introduces 101 Erskine. This smartly tailored glass condo residence with a contrasting tonal profile is strategically tucked away, mere steps from the energy of midtown Yonge and Eglinton in Toronto. Yet this venerable neighbourhood  Walkscore is also just moments from the subway, prestigious shops and superb dining.

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101 Erskine’s modernist sensibilities are echoed in its clean linear exterior design and refined interiors: charcoal grey, white and clear glass, copper clad front entry, stunning lobby, rooftop terrace with infinity pool and outdoor fireplace lounge, sublime entertainment spaces with private courtyard, alfresco dining lounge, sleek fitness amenities, even a linear park walkway creating a link between Broadway and Erskine.

Elegant Studio, 1 bedroom, 1 bedroom plus den, 2 bedroom and 2 bedroom plus den suites with 9′ ceilings and 10 signature townhomes feature distinctively modern styling and finishes one would naturally expect from this coveted address. 101 Erskine. Anything but ordinary.

101 Erskine will be Rising to 32 storeys high and will accamodate 421 Suites and 10 Townhomes. Estimated completion Summar  2015.

101 Erskine Condos follows the amazing success of The Republic, which launched in 2007. Only four days after phase one of the community was launched, at 25 Broadway Avenue, phase two was launched at 70 Roehampton.

101 Erskine Condominiums is just one block north of Broadway Avenue and the brand-new high school. There will be a park walkway between the two avenues, adding to the community feel of the neighbourhood. 101 Erskine is also a “walker’s paradise” with a Walk Score of 95 out of 100, meaning that almost everything you could need — groceries, restaurants, parks, banking and more — is within walking distance.

Amenities: Fitness centre, party room, billiards lounge, fireplace lounge, concierge, yoga studio, theatre, sauna, infinity pool.

101 Erskine. Celebrating the richness of life.

By indicating your interest in 101 Erskine Condos at this early stage, you’ll be among the first to be invited to view Price List and Floor Plans and take advantage of coming in to our member circle.

Arrive in style. FAD : Fashion District Condos. Coming to a runway in the Fashion District, where Spadina meets Queen West. Fusing the Garment District along Spadina with the trend setting fashion scene of Queen West. The result is a hip, fashion forward residence FAD : Fashion District Condos, a stunning residence where style is its core.

Introducing FAD Condos, located at 170 Spadina Ave. Presented by Tri-win International, FAD Condos will be a contemporary tower that will add some cool yet respectful architecture to the corner of Spadina and Queen Street West. Designed by Wallman Architects, FAD Condos will do something we love: take a small pocket of underused land and transform it into something of which the city can be proud. FAD will raise 19 storeys on what was once a low-rise commercial building. The project will include 210 units, with just 44 parking spots in an underground garage.

Suites are starting in the $200,000s.

By indicating your interest in FAD Condos at this early stage, you’ll be among the first to be invited to view Price List and Floor Plans and take advantage of coming in to our member circle.

HighPark Residences Condos – Where Urban Living Meets Mother Nature! Situated across from High Park and steps to Bloor West Village. HighPark Residences will offer Condominium Suites and Urban Townhomes.

Suites start from mid $300,000s.

Daniels Corporation Proposed to build a staggered 14 storey condominium building at 1844 Bloor St W that would have 364 units. The parts of HighPark Residences Condos adjacent to a street would be 6 storeys high with commercial units on the ground floor along Bloor Street. Higher floors would be stepped up along the back and centre of the building to a maximum of 14 storeys.

By indicating your interest in HighPark Residences Condos at this early stage, you’ll be among the first to be invited to view Price List and Floor Plans and take advantage of coming in to our member circle.

A modern interpretation of conventional towns creates a clean crisp form that speaks to today’s savvy urbanities.

The two building complex will contain 31 residential units with a number of underground parking spaces. Over half the townhome residences at East Village Leslieville have rooftop terraces with skyline views that overlook at green roof. Outdoor terraces facing south overlook lush greenery. An intimate passage way is created between blocks that define East Village Leslieville Towns.

The modern esthetic of East Village Leslieville Townhouses defines the living/dining and kitchen environments.

Townhouse style living from the low $200’s

By indicating your interest in East Village Leslieville Towns at this early stage, you’ll be among the first to be invited to view Price List and Floor Plans and take advantage of coming in to our member circle.

An inspired masterplanned all townhome community takes root.

Welcome to where a vibrant, masterplanned community is growing into a collection of wonderful townhomes, next to the verdant parklands ofG. Ross Lord Park off Bathurst, north of Finch. Situated in the centre of an established neighbourhood in North York, Bloom Park Towns is the perfect setting for life’s milestones to be celebrated, and new memories to be created. The future is bright, and abloom with possibility. Come see.

Bloom Park Towns community features a private outdoor swimming pool and landscaped patio with covered loggia for lounging, reading a book, enjoying the warm weather and watching your children play in the water. The best part is, it’s all just steps from your home.

Located at Antibes Dr. just North of Finch and West of Bathurst, Bloom is a mix of only 64 Condo Townhomes, priced from $289,990 for a 2 bedroom townhomes to just $349,990 for a 2 bedroom + den, 3 level townhomes.

EXTERIOR FINISHES

• Architecturally controlled and selected exterior elevations and colour packages.
• Unique and innovative elevations utilizing genuine clay brick with coordinating coloured mortar, stone and precast surrounds, stucco and various exterior accent features.
• Self-sealing roof shingles with a 20-year warranty from Vendor’s pre-determined colour schemes.
• Low maintenance aluminum soffit, fascia, eavestrough, and downspouts, as per elevation.
• Vinyl sliding patio doors with screen, as per plan.
• Energy Star rated low maintenance vinyl casement or thermo-fixed glass windows throughout, as per plan. Muntin bars as per elevation and per applicable plan. Colours as per Vendor’s pre-determined colour schemes.
• Transom windows, as per plan.
• Screens on all operational windows.
• Front entries to have walkways and steps as required due to grade.
• Exterior front door with brushed nickel package including grip set and dead bolt.
• Distinctively modern exterior lighting at front entry door, as per plan.

COMMUNITY AND LANDSCAPE FEATURES

• One level, secured underground parking garage with visitor parking.
• Private underground storage/bicycle parking.
• Ground level visitor bicycle parking.
• Professionally graded and landscaped grounds.
• Secured privately controlled access to pool and outdoor amenity area with access for residents.

INTERIOR TRIM & FEATURES

• 9ft ceilings throughout (not including dropped ceiling areas and sunken floors).
• Carpeted stairs with elegant solid oak handrails and 1 ¾” spindles on oak nosing, in a natural finish, as per applicable plan. Interior entry stairs, to receive a durable tread finish as per plan.
• Purchaser’s choice of painted 800 series colonial or classique style interior doors, as per plan.
• Upgraded painted 2” casing for all windows/doors and 3” baseboards. (Sizing is approximate)
• All interior door hardware to be levers in a brushed nickel with painted hinges.
• All archways on main floor to be trimmed, as per plan.
• Wire shelving in all closets.

KITCHEN

• Granite countertops with breakfast counter as per plan from Vendor’s standard samples.
• Ceramic tiled backsplash from Vendor’s standard samples.
• Stainless steel ledge-back kitchen sink with single lever faucet, as per plan.
• Stainless steel appliance package includes:
• Self-clean oven
• Frost free refrigerator
• Built-in dishwasher
• Over the range built-in microwave with integrated exhaust fan
• Heavy-duty receptacle for stove.
• Electrical outlets for refrigerator and at counter level for small appliances.
• Quality cabinetry selected from Vendor’s standard samples with space for dishwasher, and one bank of drawers.
• Rough-in plumbing and electrical for dishwasher.

BATHROOMS

• White bathroom fixtures in ensuite, main bath and powder rooms as per plan.
• Pedestal sink in powder room as per plan.
• Vanity cabinets include choice of styles and colours from Vendor’s standard samples.
• Marble countertops in bathrooms with white basin as per plan, purchaser to have a choice of 2 colours, from Vendor’s standard samples.
• Mirrors in all bathrooms.
• White ceramic accessories in all bathrooms.
• Choice of decorator ceramic tiles for walls and ceilings in tub enclosures from Vendor’s standard samples.
• Full height water resistant backer board in tub enclosures.
• Single lever faucet in all vanities and tubs, as per plan.
• Pressure balanced shower controls.
• Exhaust fans in all bathrooms.
• Privacy locks on all bathroom doors.

LAUNDRY

• Laundry area with connections for water and drain.
• Heavy-duty receptacle with vent to the exterior for the dryer.
• Stacked white washer and dryer.

ELECTRICAL

• 100 AMP electrical service with breaker panel and copper wiring throughout.
• White Decora switches and receptacles throughout.
• All rooms to have a switch controlled ceiling light fixture except for the living room, which will receive a switch controlled wall outlet.
• Smoke detectors provided as per Ontario Building Code.
• Carbon monoxide detector provided as per Ontario Building Code.
• All bathroom electrical duplex receptacles protected by ground fault interrupter.
• Arc-Fault receptacles in bedrooms as per Ontario Building Code.
• Electric door chime at main door entry.
• Cable T.V. rough-in in any 2 locations as chosen by the Purchaser.
• Telephone rough-in in any 3 locations as chosen by the Purchaser.
• Rough-in security system for the S1-Linden & S2-Chestnut includes contacts on all windows and all exterior doors. The S3-Alder & S4-Balsam to receive contacts on all exterior doors only.

ENERGY SAVING FEATURES

• High efficiency gas forced air high velocity heating system and central air conditioning system.
• Forced air Hi-Velocity heating system with High Efficient boiler and hot water tank. (Rented as per Schedule “W”).
• Metal insulated entry door and decorative glass insert and high quality weather stripping as per plan.
• Upgraded foam insulation above porch ceilings with living areas above.
• Attic space and exterior wall insulation to meet or exceed 2012 Building Code.

PAINTING

• Exteriors are architecturally controlled to provide a visually pleasing streetscape with colours pre-selected by Vendor.
• Purchaser to have choice of 1 paint colour throughout from Vendor’s samples in an environmentally friendly low VOC washable flat finish.
• All trim and doors to be painted white with semi gloss finish.
• Smooth ceilings throughout.

FLOOR COVERINGS

• Laminate flooring for Living and Dining rooms, including hallways and Den as per plan on main floor only, in a natural finish.
• Choice of quality 36oz. broadloom with 12 mm chip foam under-pad in all non-tiled and non-laminate floor areas, from Vendor’s standard samples.
• 12” x 12” or 13” x 13” ceramic flooring from Vendor’s standard samples, as per plan.

QUALITY CONSTRUCTION

• Acoustically engineered demising walls between all units to top of second floor, where applicable.
• 5/8″ tongue and groove subfloor sheathing screwed and glued to engineered floor joists and 3/8″ roof sheathing.
• Windows and exterior doors fully sealed with high quality caulking.
• Quality 2” x 6” exterior wood frame construction.
• Covered poured concrete porches as per plan.
• Decorative columns and railings installed subject to grading requirements and as per plan.

VIP PROMOTION FOR BLOOM

• SPECIAL “CASH BACK”

$5,000 on any single level unit $10,000 on any 2 level unit

• Window Coverings included
• Stainless Steel Kitchen Appliances
• Cap on all Closing costs $2,500 (meters, hook ups, etc.)
• Cap on Levies & Development charges $2,500
• Assignment

1 free assignment allowed up to 90 days before occupancy.

• Free Name Change

1 free name change allowed within the 10 day rescission period.

• Deposit Structure

The above promotional package is valid for sales done on the 2n and 3r of June, 2012 only.

Bloom Park Towns Price List

End unit premium: $10.000

SPECIAL FEATURES INCLUDE:

• 9 ft. smooth ceilings throughout
• Four Stainless Steel Kitchen Appliances
• Granite Countertop in Kitchen
• Marble Bathroom Counter
• Laminate flooring for Living and Dining rooms^†
• Vertical Blinds
• Central Air Conditioning

All prices, figures and materials are preliminary and are subject to change without notice E. & O. E.  May 22, 2012 ^†Including hallways and den as per plan on main floor only, please see a Sales Representative for details.

Admin Last Updating May 24, 2012

Victoria Wyeth, Granddaughter of American painter Andrew Wyeth

Following a wine and cheese reception, Victoria shared the creative process of the iconic 20th century artist Andrew Wyeth through a personal and intimate narrative.  Victoria’s family is still deeply involved in the art world with much inspiration from her Grandfather.

Todd Pohlig introduces Victoria Wyeth

Victoria Wyeth and Todd Pohlig at the Athertyn Enrichment Series

Andrew Wyeth was truly one of the great masters of American painting.  His distinct style will live forever through his works of art.

Learn more about Victoria Wyeth and the Wyeth family at VictoriaWyeth.com

Victoria Common is located in downtown Kitchener in Technology Triangle, near King Street, minutes from downtown and Farmer’s Market. It is walking distance to GO Transit and new LRT. Close to University of Waterloo, University of Laurier, and colleges. Victoria Common will be a brand new community of 5 condominiums and townhomes. Phase 1 is currently under way. 15 acre community will be built. As an investor this is time to invest in this project. Buy low and by the time the other 4 condominiums are built the price will go up. Waterloo where all the Tech joints are like RIMS, GOOGLE and other strong employers like Toyota, Manulife..and many more. This building is using green energy (Geothermal, Solar Panel). The price starts from 177,900 including one under ground parking.

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Is your kid planning to attend a Kitchener-Waterloo university or college? This could be your best investment ever.

OCCUPANCY: 2014 Spring

Special One day Sale on June 21st. Please RVSP, ASAP as there are only 77 units in total. The first 40 buyers will get gauranteed rental agreement from the builder for one year. The rent will cover your mortgage payment, maintenance, and taxes. The exact amount will be announced on June 21st 2012.

GENERAL FEATURES

Laminate floor throughout unit, polished granite countertops, option for European style kitchen cabinets. Stainless steel appliances included and range hood. One parking space and private balcony per unit. Party rooms, fitness studio, yoga area, outdoor bbq and lounge.

DEPOSIT STRUCTURE

$3500 upon signing of Agreement of Purchase and Sale;

5% 30 days after Date of Agreement,

5% 60 days after Date of Agreement,

5% 120 days after Date of Agreement,

5% 270 days after Date of Agreement.

“Sales growth in the ‘905’ area code was stronger than growth in the City of Toronto across all major home types. While lower average prices are certainly one factor that has contributed to this trend, recent polling also suggests that the City of Toronto’s land transfer tax has also prompted many households to look outside of the City for their ownership housing needs,” said Toronto Real Estate Board (TREB) President Richard Silver.

New listings were up substantially on a year-over-year basis in May – rising by more than 20 per cent to 19,177.

The average price for May 2012 sales was $516,787, representing an annual increase of 6.5 per cent compared to $485,362 in May 2011. Price growth continued to be driven by the low-rise market segment.

“Strong competition between buyers seeking to purchase low-rise home types drove strong price growth in May. However, if new listings continue to grow at the pace they did in May for the remainder of 2012, the annual rate of price growth should begin to moderate on a sustained basis,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. Source: TREB

TORONTO, June 1, 2012

- Ahead of an important announcement to be made on Monday June 4th, by the Toronto Real Estate Board (TREB), regarding efforts on the City’s Land Transfer Tax, Toronto’s REALTORS® are releasing results of public opinion polling that shows, among other results, a strong majority of Torontonians, 66 percent, support plans to repeal the Toronto Land Transfer Tax.

The detailed polling results were formally presented by Mike Colledge, President, Canadian Public Affairs for Ipsos Reid at a TREB luncheon attended by various elected officials from all levels of government, shelter charity representatives, real estate industry representatives, and TREB Members.

“REALTORS® know that the Toronto Land Transfer Tax is having an impact on our City, and these poll results show that the public understands this too,” said Richard Silver, President of TREB. “The Toronto Land Transfer Tax is impacting real people and real jobs and it’s holding our City back. It’s time for action. TREB is looking forward to making an important announcement on this, next Monday.”

Among other key highlights of the poll were:

77 percent of Torontonians who recently purchased a home in Toronto feel that they received little or no added value in City services for the amount of Land Transfer Tax paid to the City;

A third of first-time buyers indicated that they had to pay some Land Transfer Tax to the City, notwithstanding City rebates;

In a list of issues facing municipalities, housing affordability was most often ranked as the most important by Torontonians, ahead of traffic congestion;

78 percent of Torontonians believe that property taxes are more transparent than the Land Transfer Tax and make it easier for the public to hold City Council accountable for their spending decisions;

Public opposition to the land transfer tax remains strong even if the tax were to be dedicated for spending on transit and infrastructure, with more than two-thirds, 68 per cent, opposed to this idea;

61 percent of Torontonians believe that City spending on programs and services is efficient and cost-effective. This is up from 45 percent a year ago, indicating a significant improvement.

This poll is the third conducted for TREB by Ipsos Reid in the last year.

“Public opinion on the Toronto Land Transfer Tax has remained consistent through all the ups and downs of the economy and City Hall debates. Clearly, the public’s opposition to this tax is strong,” said Von Palmer, TREB’s Chief Government and Public Affairs Officer. “We understand the importance of quality services to building a great city, but we believe that those services should be funded fairly and reliably.”

TREB will be following-up on the release of this polling data with the release of additional results and an important announcement on efforts regarding the Toronto Land Transfer Tax, on Monday June 4th.The poll was conducted by Ipsos Reid, from April 30 to May 7, 2012, with a sample of 1,257 adults, of which 653 live in the City of Toronto, and 604 live in the surrounding 905 region, with a margin of error of

+/-2.8 percentage points, 19 times out of 20. Questions were posed to only Toronto residents, or only 905 region residents, or both, as appropriate, depending on the question.  Source: TREB

Tux Condos is a new condominium development located at 357 King Street West. At the intersection of King Street West and Blue Jays Way, Great Gulf Homes builds state of art buildings in great locations and amenities.

Welcome to Great Gulf Homes’ Tux Condos

The ultimate fusion of Style & Substance! The masterful design by the talented Quadrangle Architects incorporates 242 suites in a modern 40-storey silhouette that captures the spirit of Toronto’s Entertainment District.

Step out your door and enjoy the fabulous shops and restaurants on King Street West; take in the sights and sounds of Toronto’s Show District or enjoy a short walk to the City’s best sports venues and sights. Like a beautifully tailored European Tuxedo, immerse yourself in the ultimate indulgences that Toronto has to offer! The art of condo living, redefined.

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TUX CONDOS FEATURES + FINISHES

The building

• Great Gulf Tux is a new approach to architectural design in the heart of the entertainment district, at the southwest corner of King Street West and Blue Jays Way, Toronto. The main entrance is off of Blue Jays Way.
• Spectacular double-height lobby and extensive amenities designed by internationally-renowned and award-winning interior design firm, Figure 3. Amenities will be located on the 7th and 42nd floors. The 7th floor will include a juice bar, yoga room, weight room, cardio room and fitness room, his and her change-rooms, ping pong room, media lounge, private lounges known as “The Seven”, and an outdoor lounge equipped with seating. The 42nd floor will include the “Skytop Lounge” equipped with indoor seating, a dining room, bar, and washrooms. This floor also features an outdoor cabana deck with Highwater Pools, lounge seating, dining areas and barbeque.
• 24 hour, 7 day a week concierge.
• Executive porter.
• Underground parking with security monitoring from concierge station.
• Groundbreaking and innovative automated parking garage.
• 3 custom-designed high-speed elevators.
• Bicycle parking for residents and visitors.
• Mailroom conveniently located beside front lobby.

The suites

• Ceiling heights of approximately 9 ft. Ceiling heights are exclusive of bulkheads, which are required for mechanical purposes such as heating, cooling ducts, and sprinklers, as well as dropped ceilings in bathrooms.
• Choice of designer-selected pre-finished engineered flooring throughout, except in bathroom and laundry areas, as per builder’s standard samples.
• Laundry areas to be porcelain floor tile.
• Solid core entry door with security view-hole.
• Sliding or swing closet doors in bedrooms, as per plans.
• Satin chrome lever door handles and hardware.
• White wire shelving in all closets.
• Insulated double-glazed, aluminum windows.
• Stacked brand-name energy efficient washer and dryer with exterior venting in all suites, as per plans.
• Emergency voice communications system, smoke, and carbon monoxide detector where applicable.
• Pre-wired for cable TV and telephones.
• Pre-wired for high-speed internet access provided with future ready technology features in all suites.
• White “Decora” switches and outlets throughout.
• Integrated Media Niche as per plan.

Cook

• Contemporary kitchen cabinetry custom designed by Figure 3, in a variety of colours, from builder’s standard samples.
• Solid surface stone kitchen countertop, from builder’s standard samples.
• Glass backsplash, from builder’s standard samples.
• S ingle bowl stainless steel under mounted sink with contemporary design faucet with integrated pull-out head.
• Ceiling mounted track lighting.
• Integrated counter-depth refrigerator, stainless steel slide-in electric range with convection oven, stainless steel microwave and integrated dishwasher.
• Integrated hood fan insert.

Wash

[main wash in one bathroom suites]

• Contemporary washroom vanity in a selection of colours from builders standard samples, featuring a white solidtech countertop basin.
• Polished chrome side mounted faucet.
• Full width mirror above vanity.
• Recessed ceiling light(s).
• Choice of porcelain floor tiles, from builder’s standard samples.
• Frameless glass shower enclosures, as per plan.
• Accessory package including towel bar and toilet paper holder, where applicable.
• Full height white ceramic wall tiles in shower enclosure, from builder’s standard samples.
• White toilet, and shower base as per plan.
• ERV exhaust fan vented to exterior.
• Pressure balance valve shower.
• Wall mounted polished chrome rain shower as per builders plan.
• Integrated wall accent featuring coloured glass.

Master Wash

[or second bathroom in two bathroom suites]

• Contemporary washroom vanity in a selection of colours from builders standard samples, featuring a white solidtech countertop basin.
• Polished chrome side mounted faucet.
• Full width mirror above vanity.
• Recessed ceiling light(s).
• Choice of porcelain floor tiles, from builder’s standard samples.
• Soaker tub, as per plan.
• Accessory package including towel bar and toilet paper holder, where applicable.
• Full height white ceramic wall tiles in tub enclosure, from builder’s standard samples.
• White tub, and toilet as per plan.
• ERV exhaust fan vented to exterior.
• Pressure balance valve for tub.
• Wall mounted polished chrome rain shower as per builders plan.

The builders

Great Gulf is a member of BILD (Building Industry and Land Development Association) of Toronto.

All suites protected under the Tarion Warranty Corporation.

Interior design consultation at Décor Centre on all finishes and colour packages included in purchase price.

All interior floor, wall finishes and materials are to be chosen with the assistance of the Builder’s Interior Design Consultant. All materials and other selections for which the Purchaser is entitled to make a selection are to be chosen from Builder’s samples, and are as per Builder’s specifications. Purchaser shall only be entitled to make such selections provided that the items are not already ordered or installed. All renderings are for illustrative purposes only and do not necessarily reflect actual finishes to be provided.

Sizes and specifications are subject to change without notice. E. & O.E.

*(Subject to availability). Premiums apply to floors, balconies, terraces and views. Please see a Sales Representative for details. ** Valid only on sales made on or before April 29, 2012

Suite Features

Ceiling heights of approximately 9 feet.*** Choice of designer-selected pre-finished engineered flooring throughout except in bathrooms and laundry areas. The Kitchens include contemporary kitchen cabinetry custom designed by Figure 3, in a variety of colours with solid stone kitchen countertops and glass backsplashes. Integrated counter-depth refrigerator, stainless steel slide-in electric range with convection oven, stainless steel microwave, integrated dishwasher and stacked brand-name energy efficient washer and dryer with exterior venting in all suites. In the bathrooms, contemporary washroom vanity in a selection of colours from builder’s standard samples, featuring a white solidtech  countertop basin, polished chrome side mounted faucet and choice of porcelain floor tiles.****

Building Features

Located in Toronto’s vibrant Entertainment District, Gulf TUX is 42 storeys of contemporary elegance. Designed by Quadrangle Architects in black and white with a passionate stroke of copper-hued detailing. A spectacular double-height lobby with 24/7 concierge and extensive amenities designed by internationally renowned and award-winning design firm,

Figure 3. The “42nd floor “Skytop” Amenities include the “Skytop Lounge” with indoor seating, a dining room and bar, outdoor cabana deck with hot and cold plunge pools, lounge seating, dining areas and barbeque. “The Seven” is where you workout, hangout and play games. Amenities on the 7th floor include juice bar, yoga room, weight room, cardio room,fitness room, media lounge, ping pong room, private lounges known as “The Seven” and outdoor lounge.

All prices, figures and materials are preliminary and are subject to change without notice E. &O. E. Note: All areas and stated room dimensions are approximate. Floor area measured in accordance with Tarion Bulletin #22. Actual living area will vary from floor area stated. April 17, 2012

*Please see a Sales Representative for details. ** Valid only on sales made on or before April 30, 2012.

***Ceiling heights are exclusive of bulkheads, which are required for mechanical purposes such as heating, cooling ducts and sprinklers, as well as dropped ceilings in bathrooms. **** As per plan from Vendor’s standard samples.

Admin Last Updating April 18, 2012