The View Everyone Wishes They Had

35 Merton #906

Welcome to The Rio. This elegant, 2+1 bedroom, 2 bath split-plan suite offers magnificent never-to-be-obstructed south views of lush greenery, Toronto’s downtown, Lake Ontario, and the Kay Gardner Beltline Trail. In the heart of desirable Davisville Village, it’s just steps away from the subway station and close to shopping on Yonge Street & Mount Pleasant… Read More

What Buyers Want In a Condominium

What Buyers Are Looking For in a Condo

In Toronto, there are more condos being built than in any other city in North America. Across Canada, condos projects at all price ranges are grabbing home buyers’ attention and down payments. What buyers want in a condo depends partly on where they live, but there are some common themes. A recent survey by TD… Read More

Getting Value Out Of Condominium Amenities

condo exercise room

With dozens of condominium buildings competing for buyers in Canadian cities, building amenities have become an important part of developers’ marketing plans. In the first condominium buildings, amenities were pretty much limited to indoor pools and a generic “party room”. Now buyers are looking for fitness centres and entertainment lounges. Developers are marketing lifestyles, not… Read More

New Condo Buyers: Beware of HST and Capital Gains Tax

When a new condo is purchased,  HST of 13% must be paid, as only resale real estate is exempt from HST. In most cases, the builder includes the HST in the purchase price, so the buyer doesn’t have to come up with a huge cash payment to CRA in addition to their down payment. In… Read More

Getting Value Out Of Condominium Amenities

With dozens of condominium buildings competing for buyers in Canadian cities, building amenities have become an important part of developers’ marketing plans. In the first condominium buildings, amenities were pretty much limited to indoor pools and a generic “party room”. Now buyers are looking for fitness centres and entertainment lounges. Developers are marketing lifestyles, not… Read More

Considering Your First Condo?

  With more than 500,000 condominium units in Canada and one in four new homes built as condominiums, Canadian buyers need basic condominium buying skills to protect them in any market. Too often, condominium buyers fall prey to the “do nothing, just play” sales pitches inherent in lifestyle campaigns presented by condominium developers. Although “condo… Read More

New Condo Buyers Could Face Big Bills On Closing

Thousands of people who’ve bought pre-construction condos in the City of Toronto over the last two years or so could find themselves faced with an unexpected extra bill when it eventually comes time to move in. If city council goes ahead with a proposal to double development charges, those extra costs — some $7,671 on… Read More

Great Design Team For The High Park Condo

The High Park

To ensure a successful debut in Toronto‘s condo market, an A-team of designers was brought together to style The High Park. The 11-storey mid-rise planned for 1990 Bloor St. W., just across from the 161-hectare High Park — the largest park within the city. It is the first such project by development firm North Drive…. Read More

CRA Hunting Condo Flippers

You just sold your condo, you made a hefty profit and know you have to pay your taxes. The bill might be more than you think. If it’s your principal residence, there’s no tax, as long as you have the paperwork to prove it. The Canada Revenue Agency is taking a closer look at the… Read More

Rent Control Loophole Blamed For Rising Condo Rents

The Ontario government needs to close a loophole that has created a “two-tiered system of renters” — an increasing number of them in new downtown condos where some landlords are jacking up rents as a form of economic eviction, says the head of the Federation of Metro Tenants’ Associations. The federation has had numerous calls… Read More