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Click here to register for Local Condo at Fort York

Click here to register for Local Condo at Fort York

The Local Condos Developement by Onni Group of Companies. On the western edge of Toronto’s Harbour front neighbourhood, the vibrant new hub for urban living.  The great vision behind the ONNI Group of companies for The Yards Project, The Garrison at the Yards and now The Local Condominium Development, you can see how close this is to the brilliant commotion of Toronto’s liveliest neighbourhoods in a flash. King West, the Entertainment District, The Financial District Queen West and the Waterfront along with the Liberty District are just minutes walking. The city of Toronto is investing millions to further connect the Fort York district to downtown, which means quick and easy access. Inside you will find a kitchen featuring deluxe appliances and contemporary fixtures, colour palettes that blend boldness with tranquility, and a fully equipped bathroom with a host of luxurious and stylish fittings. Imagine your life inside the Local Condo Development at Fort York and Bathurst. Other features include
• Security entry phone for visitors
• Security cameras in the underground parking
• Brightly lit underground parking garage and exit stairwells
• Security control card access for underground parking
The Y Club offers a lifestyle made possible by including the following
• A fully equipped fitness centre
• His and her locker rooms with showers
• Multipurpose room with cocktail lounge, chefs kitchen, bar and dining room
• Interactive social room
• Library
• Outdoor bbq and dining area
• Sun deck with lounge chairs
All of this and so much more at The Local Condos Development at Fort York by ONNI Group of companies.
Be sure to book an appointment now by calling (416) 712-7908 and we can take a look at all of the projects, The Yards, The Garrison at the Yards, The Local, and West Lake all in one day. My name is Keith Graham and I look forward to meeting you soon. Keep posted by subscribing to my site TheTorontoCondos.com I look forward to meeting you soon.

Below are the 2012 forcast and comments from the CEO’s of RBC,TD and BMO. As expected mostly negitive outlook for the year in respect to condos and housing. Again none of them mentioning the overall low pricing found in Toronto for housing compared to other cities around the world or the demand from new immigrants or the interest from certain market segments that will be moving into a condominium style of living. However, as an investor, after reading something like this you can’t help but be tempted to consider portfolio management with stocks, funds or bonds. The banking sector strives on these types of investments whereby they have much more control and renumeration for managing them. (more…)

2012 will continue to be steady with new home condo sales in the downtown core leading the charge.. (more…)

Sales increased by 5% and prices were up by 7%. Rental rates increased by $100 per month…< strong> (more…)

So, here we go again. article Merrill Lynch warns of Canada housing bubble predicts national price drop of five per cent in 2012 “We estimate housing prices nationwide are about 10 per cent over valued,” the report says.  

I wrote a detailed letter to The Toronto Star and some economists who made their predictions this time last year.   They successfully scared potential real estate investors out of buying with their 10-15% prediction on price drops. I was just wondering if they would consider reimbursing these people for the lost appreciations that were made in housing markets.  None of them commented. 

Last year they indicated a 10-15% drop, in Toronto, we noticed increases of 7-10%. As I use their predictions as one of my main bellwether indicators for future growth, I find myself thinking that the appreciaiton of homes should infact be 15% for 2012? 

God only knows what would happen to the housing markets if they predict an even to positive outcome.  We may go early into the artificial increases I have mentioned in previous posts.  I still think that is 3 years off.

I predict there will be several more predictions from economists and Banks whom are clearly more interested in having you deposit your remaining savings with them in the hopes that they can avoid any further bail outs.

Last time I checked Merrill Lynch was not in the business of Mortgage Investments in Canada.  Were they not the ones who were involved in the creation of that mortgage default swap?

Have you ever wondered what the development fees were and why they would charge you? Look at the writing in your agreement of purchase and sale. Usually the developer must pay the development fees to the city prior to getting their final approval. They feel that since this fee was accounted for but you buy a condo from them a year later that you are responsible for the increase of this fee. This can represent $3,000 – $6,000. Be aware!! There are some developers that are passing the entire fee on to you, $20,000 to $30,000. Not to drop any names but Pinnicle for one, thats right, check your writing in the agreement, you are responsible for 100% of all development fees in this agreement. Congratulations, I suppose this makes you a developer!

Choosing the right agent can be quite danting at times. Everybody claims to be a VIP agent, so why is it that some get better deals than others? Take your time to do some research on the agent representing you. When I meet my clients I spend more time getting to know them and what they want, also I tell them my qualifications and let them understand the relationship that I have already built with the Developer. The reason every agent is a VIP, even though they have never made a sale for that developer before, is because of the fake it until they make it strategy. Would you choose to work with them if they told you that they just became an agent last week?

2011 IN REVIEW:

At the start of 2011, I predicted a slow first half followed by a steady growth July onwards with a year end of 10% valuation increase. Other forecasters as indicated in certain articles stated a drop of 10-20% by year end.  How could I be off by as much as 30%, it did not make sense to me? I didn’t believe that prices were overvalued by 10-25% as international experts and local experts were claiming. What I did not understand was that most experts keep talking about national markets and had a tendency to reflect on not only the value of growth in Real Estate in other countries but also their economic status.  Like this was sure to effect that of our own status.  Seems like a good conclusion, if you were in most countries around the world you might have been correct with this assumption.  Now that the results are out and we have already recognized over 8% increase in the value of property one of two things are going to be evident.  December of 2011 will be the worst month in the history of Real Estate and we will lose 30% of our value and the so called or professed experts were right,  or,  they will report on the current facts and fail to mention their  ridiculous claims that they made last year.  These so called experts are writing that 2012 will be steady with little to now growth in real estate value.  This should  mean according to their track record that 2012 will see an increase in values by 30-40%.   This is doubtful but certainly not impossible.  Refer to my article Feb/2011
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