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

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

Stunning Lake Views

Slider

Welcome to 80 Marine Parade #1405, a bright, airy 1+1 bedroom condo with breathtaking unobstructed lake views, just steps from waterfront walking/jogging trails and with shopping & TTC close at hand. This elegant suite features an open concept layout with floor-to-ceiling windows and a walk-out to a sun-drenched south-facing balcony overlooking lakefront parkland. The spacious… Read More

New Luxury Condo

2 Old Mill #504

Welcome to Tridel’s Two Old Mill, a brand new ultra luxury building in the prestigious Old Mill neighbourhood. It’s Walkers’ Paradise (90 Walk Score) — just a short walk to subway, Bloor West Village shops, Old Mill restaurant and Humber River parkland. This spacious (777 sq ft) one bedroom plus den unit has two full… Read More

Davisville Village

398 Eglinton E #610

Welcome to 398 Eglinton Avenue East, a trendy, ten-storey condominium building in the sought-after Davisville Village neighbourhood. The Maxim is just steps from Mount Pleasant Village shops and easy walking distance to the Eglinton subway station (with the Eglinton LRT coming soon!) and the bustling Yonge & Eglinton corridor. Unit #610 is an exceptionally bright… 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

More Canadians Are Buying Income Properties

House for Rent

A new student condominium project in Kelowna, B.C. is being marketed as “this year’s hot investment” and “a perfect storm” for property investors. “While most Canadians traditionally invest their funds in GICs, bonds or stocks, your Retirement Savings Plan could include an investment property giving you a far greater return on your investment than a… Read More

Victoria Lofts

152 Annette St. #310

Welcome to Victoria Lofts, an award winning hard loft conversion of the historic Victoria-Royce Presbyterian Church in the sought after Junction neighbourhood. This boutique Heritage building has only 34 units, each one uniquely designed by architect Paul Oberst to blend the 19th century Romanesque Revival architectural features with luxury contemporary finishes. Suite #310 has a… Read More

Toronto Real Estate Market Keeps On Keeping On

Prices_Mid_July_2014

The latest data from the Toronto Real Estate Board show that Toronto prices are continuing to track about 7% higher than last year. We are now in the middle of the usual July/August slowdown, with the number of both buyers and sellers greatly reduced as they take advantage of our short summer season. In this… Read More