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Kerri-Lynn McAllister, 27, who works for a Canadian mortgage rate comparison website, discovered the loophole last month when she was told she was facing a $150 a month increase on the 700 square foot condo she is renting near Adelaide St. and University Ave. for $1,625. Maybe Kerri-Lynn should buy the unit and not worry so much about the rent increase on a property that she does not own? see article
“We think the city is backed by a very strong rental market and continued inward migration,” see article Barrick Gold founder backing developer CD Capital in long-term wager on city’s prosperity.
TORONTO CONDO MARKET CONTINUES TO REBALANCE
Sales slow from record-setting pace in early 2012
“The market appears well positioned for an improvement through the rest of 2013. More competitive pricing and the upcoming release of some highly anticipated projects in the second quarter should attract a good amount of attention. (more…)
First Release of Suites!
Westlake Encore a master planned community in the Etobicoke Humber Bay / Lakefront neighbourhood
Westlake Encore a unique Urban Development in Etobicoke’s up-and-coming neighborhood.
Westlake Encore also features townhouses facing Mimico Creek and Ground Floor Retail space.
Westlake Encore will be hard to beat for pricing, design, finishes, and incentives .
Thank you to the sales and admin for honouring me with this prestigious award. Being the number one top selling agent for a developer is an honour in itself, when it is with the 3rd largest developer in the Provence for volume it becomes more than just an honour. Words can hardly explain it, I look forward to working on your future sites and now focus on “Encore” your latest development at Park lawn and Lakeshore in Etobicoke starting from $411 per square foot, including Parking and Locker and $15,000 worth of penthouse upgrades not to mention the extended deposit structure over 2 years and free assignment rights. My clients are already booking their units. (more…)
City Accord Realty Inc., Brokerage of Toronto, Canada and Fair Deal Real Estate of Dubai, UAE invite you to our INVESTOR ONLY Presentation. The world is a Global Economy, have you diversified your REAL ESTATE Portfolio? Attend the presentation and be the FIRST to purchase EXCLUSIVE Real Estate in Downtown Toronto, Canada. Exclusive offer extended for Full Service Property Management for your investment property.
Five-year fixed money is going to an all-time low. If you’re about to buy a condo, get locked in for 120 days in case we see a spike in the near term. Also borrowing amounts may be stretched a little longer with these lower rates as to qualify for a mortgage you may do so in one of two ways: for 5 year money we use the lowest 5 year rate. For any term shorter than 5 years we use the standard posted rate. Clients who want to maximize what they qualify for should lock in a 5 year rate and go with that rate.
Many people do not understand what an assignment is. www.assignit.ca does and they explain the whole process for all potential users. If you are thinking about assigning your unit, or buying an assignment than check out this web site assignit.ca.
Assignments must be great, prices are lower than current market values because the units are sold by individual investors happy with making a smaller profit for the sake of not paying closing costs and carrying costs.
I use assignit.ca for all of my assignment needs both for myself and for my clients.
Though assignments are somewhat new and difficult to understand, they offer a full list of FAQ’s to help anwer your questions and full in-depth descriptions with advantages and disadvantages.
Good Luck and Assign that unit!
Using your own agent is vital when buying new. Most people think that by going direct to the selling agent in re-sale or developer in pre-sale that they will ultimately lower the costs and that this will be passed on to them. Doing this will ensure that you are not being represented. Developer agents will sell you on over priced remaining product, in re-sale, agents will be confused as to whom they represent. In either case you will negotiate a bad deal. Developers rely on the support and sales from agents. Developers will not run the risk of under cutting the realtor public and being black listed, we represent over 80% of their sales. In the case of re-sale, multiple representation never works in the best interest of the Buyer, think about it, who is paying for the service of selling the property. The price of representation is already factored in, the choice of representing one’s self is ignorant to say the least. I have a fiduciary duty to represent you in your best interest. With 15 years’ experience in the field working directly for developers, I have the knowledge to insert certain clauses, and I will explain the agreement of purchase and sale to you in a way that you will understand it. However if you are confident that you can do a better job than a Professional Agent who has a fiduciary responsibility to represent your interests and is schooled in the industry, than by all means go ahead. With such confidence I would also suggest that this person write their Real Estate Courses and consider a career in the business.
THE “BAIL-IN ” REGIME? The Bail-in Regime April 2013 Central Banking in the 21 Century . Optimism lingers in the air as spring arrives but this could be a uniquely Canadian experience this year. Many people in many other places in the World are definitely not feeling the same. Although I like to look forward in our letters I could not help write a little bit about what is really going on in Cypress. I spent the month researching and investigating the decision to seize insured depositors funds on the tiny Mediterranean island. The history of this bizarre action holds its roots in the past but has some very profound implications for all of our futures. What I found out indicates this unorthodox, pseudo-legal maneuver had been planned and coordinated between our coordinated Central Bankers and Ministers of Finance for quite some time. What disturbed me and got me interested to discover the truth was the fact that, well you can watch the video. Video “We hope people will believe us”, “There will be no capital restrictions and people will be able to move their money out of the Country on Tuesday.” Evidently Tuesday never came. These comments and phrases came from the omnipotent Minister of Finance of Cypress. Here is a comment about Cyrpress in 2008 when the small Country entered the European Union. The comment was from Jean-Claude Trichet, President of the European Central Bank. He says, “For a small, open economy like Cyprus, Euro adoption provides protection from international financial turmoil.” (more…)
Thank you to all whom came out this past weekend for our Investor Seminar and Sales Event. ONNI’s new development “Encore” at Park Lawn and Lakeshore, is sure to be one of the most sought after investment opportunities of 2013. If you would like to get the transcripts of the seminar or set an appointment to view the units and choose your investment prior to the VIP Agents Event, don’t hesitate adn call me right away, 416 712 7908.