July 29, 2007

Condos

Condominium Amenities

“Yeah this building is great, but does it have a POOL?”

“Well, would you actually use the pool?”

“Maybe…maybe not….but I still want this building to have a pool….”

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July 16, 2007 2

Condos

Nicholson 1-bedroom, Hoffman 2-bedroom-plus-den….or DiCaprio PENTHOUSE?

“Festival Tower” was launched in June of 2007 with a unique marketing campaign in which all suites were named after famous movie stars.

The 46-story monster at the corner of King/John is being billed as “five-star luxury hotel-inspired” and is playing on the assumption that people will pay more to live in a building with the allure of stardom.

Using the slogan: “Live a star studded lifestyle atop the Festival Centre, the new home of the Toronto International Film Festival Group,” we can clearly see that Daniels Group is milking Hollywood for all it’s worth.

My question: Is it actually worth it?

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July 13, 2007

Condos

$225,000….House, Condo, or a PARKING SPACE?

Yesterday, the New York Times published an article about parking spaces for sale in the basement of a condominium development at 246 West 17th Street in Manhattan, for a mere $225,000 U.S.

This made me think about all the people in Toronto that complain that they paid $22,000 for a parking space with their new $275,000 condo.

The alternative?  Don’t drive. Read More

July 11, 2007 1

Condos

Buying a Condominium in Pre-Construction

Foresight eventually becomes hindsight.

Isn’t it nice to look back on a great investment you made?  Or perhaps to finally move into that spectacular new condo you’ve been waiting so long for?

A lot of people in Toronto are making a lot of money buying condominiums in pre-construction.

So you don’t have $300,000 to invest?  That’s fine, you don’t need it… Read More

July 5, 2007

Condos

How Accurate Is Your BUDGET?

 

Getting out of the rental rut?  Looking to become one of those “first time buyers” we hear so much about?  Congratulations!

 

But have you run your numbers?

 

And are they accurate?

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July 1, 2007 1

Condos

Condo BUST? I don’t think so…

If ever there were an indication that the condo market isn’t “about to implode” as many media sources and your roommate with absolutely no knowledge of real estate whatsoever, have speculated, it was last week with the launch of 83 Redpath.

The Benvenuto Group’s new 21-storey condominium project east of Yonge/Eglinton sold out in only two days, with about 200 units turning over. Buyers were literally lined up outside, and several buyers even slept over the night before, I kid you not. This is how badly some people wanted to live in 83 Redpath starting in 2010, or, how good an investment some buyers think this condominium project will be.

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