Posted by torontocondo on September 30, 2007
In Toronto, Vancouver and other large Canadian cities, sociable twenty-somethings are starting to enjoy the benefits of living and working downtown and most important they do not have to drive.
Today, people 20 to 40 are completely committed and comfortable in buying desirable downtown resale Condos. Vancouver Condo prices are edging ahead of Toronto prices and its becoming more difficult to finance a Condo there.
Many are finding their monthly mortgage interest payment cheaper than rent so now they can start to build equity in the resale Condo markets.
Toronto is fortunate to have high salaries and low interest rates to start off the first time buyer.
On the plus side is all the amenities that each Condo project offers and if your Condo doesn’t have what you want, a friends Condo would definitely have it. Full size basketball courts and tennis courts are very popular.
You can view some of the Toronto Downtown Condos on my Toronto Real Estate website.
Posted in Blogroll, MSN, Toronto Condos, Toronto Downtown Condos, Toronto Resale Condos, Vancouver Condos, Yahoo, google | No Comments »
Posted by torontocondo on September 19, 2007
Canada does not have the subprime mortgage rates that are popular in the U.S. and that are now causing concerns in the American Real Estate market.
Further, Canadian lenders are somewhat more strict on debt ratios and income verification along with credit checks.
Mortgage insurers here in Canada run one of the most efficient, safest and stable systems in the world says the president of the second largest mortgage insurer in Canada.
We can give thanks that our Canadian housing market remains strong and we are isolated from the problems south of the border.
The U.S.. Federal Reserve helped borrowers with a surprising cut to its benchmark interest rate on Tuesday Sep. 18th that will help consumers and businesses by lowering the cost of borrowing.
This was the first cut in interest rates since 2003 and should help the homeowners with adjustable-rate mortgages in the Unites States.
Posted in Canadian Housing Market, MSN, Toronto Real Estate, Yahoo, google | No Comments »
Posted by torontocondo on September 7, 2007
New Toronto Condos Downtown
There is a lot of choice of New Toronto Downtown Condos to choose from. Here are a few that stand out from the many, many choices, both in location and also price.
Casa Condominio Residenza:
Location: 33 Charles St. East
Builder: Cresford Developments
Size: 46 storey-407 units total
Price: From $186,900 for 431 sq.ft.
Condo Fees: 42 cents per sq. ft. plus hydro
Occupancy: October 2008
Web: casacondominium.com
The Bloor Street Neighbourhood:
Location: 38 Charles St. East
Builder: Cresford Developments
Size: 26 storey-327 units
Price: From $194,900 for 518 sq.ft.
Condo Fees: 42 cents per sq. ft. plus hydro
Occupancy: December 2007
Web: thebloorstreetneighbourhood.com
Encore At The Met Condos:
Location: 25 Carlton St.
Builder: Edilcan
Size: 33 storey-325 units
Price: From $336,900 for 782 sq.ft.
Condo Fees: 43 cents per sq. ft. plus hydro
Occupancy: June 2008
Web: themet.ca
London On The Esplanade Condos:
Location: 38 The Esplanade
Builder: Cityzen Urban Lifestyle
Size: 33 Storey-460 units in total
Price: From $160,900 for 345 sq.ft.
Condo Fees: 35 cents per sq. ft. plus hydro
Occupancy: Summer 2008
Web: londoncondos.ca
VU Condos:
Location: Jarvis and Adelaide Sts.
Builder: Aspen Ridge Homes
Size: Two towers, 24 and 15 storeys-530 units total
Price: From $224,900 for 651 sq.ft.
Condo Fees: 42 cents per sq. ft. plus hydro
Occupancy: November 2008
Web: vuliving.ca
Current Downtown Condos with locations and prices can be found on my interactive Toronto Real Estate website
Posted in Encore At The Met Condos, London On The Esplanade Condos, MSN, Toronto Condos, Toronto Real Estate, Toronto Real Estate Agent, VU Condos, Yahoo, google | No Comments »
