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158 Front Street Condos is coming sooner than you think! by Cityzen Development Group & Fernbrook Homes so register with us today for more details on this project! Floor Plans Brochure Prices Worksheet
Be among the first to learn about this rare office ownership in Yorkville, Toronto’s most prestigious neighborhood. Tomorrow I will be meeting with the developer and becoming orientated with this opportunity which is unique. Let me know if you would be interested to find out more.
New construction is down over 50 per cent in Toronto as the condo boom is winding down. However, there are still hundreds of cranes dotting our skyline and there are thousands of condos currently under construction.
Out of the thousands of new condos that will be occupied over the next several years, many were bought by people intending to use them as their primary residence. However, many of these assignments were also bought as investments to sell, as investments to rent out, as a home for a child while they go to school or as a second property. (more…)
Details One Manchaster Place OMP Tower 2
Live on the TOP, Cebu’s tallest tower (55 storeys)
I have just returned from my Asian Tour, looking for an investment which can bring a better return for my clients in Canada. I’m in the process of applying a business aspect to the investment which will yield a better return over the next decade. My travels have taken me to The Philippines and Cebu and I was delighted with the fact that they still allow 100% Foreign Ownership. I have partnered up with the President of the Cebu Real Estate association and aligned myself with the top developers in the country. I will be doing a presentation and seminar on the business aspect that you will not want to miss but for now,,, Get more details and floorplans (more…)
Since November of last year I have sold 7 units pre-construction or through assignment/ resale, to investors, these were under market value due to personal reasons and or concerns of closing and maintaining the properties. Of the 23 listings I have two remaining at the under market value. Subsequently the others have cancelled, terminated or increased the value due to market conditions ie. interest rate drops, positive announcements through TREB and a general consensus with new home developer price increases that are being announced.
We have seen a slow buying season for the past few years and a flat to negative valuation on investment condo’s. It has been in my opinion the best time to invest, however, history dictates and statistically many buyers prefer to and have always bought in times of increasing values and low demand. As the builder market has corrected itself to launching approximately 50% fewer projects in 2014 and even less expected in 2015, they are now in a position to balance the supply to demand and I feel that the re-sale market is beginning to correct itself from the 1-3% annual increase to the 40 year average of 7.4%, if I’m correct we should see even higher increases in valuation this year based on the somewhat flat to minor increases since 2008.
Most publications and media speculation were predicting a negative valuation in Real Estate in the GTA since 2008 due to over-supply. There have been more attempts in government regulations and implementations of tax increases and strict guidelines and policies set in place to monitor and regulate our banking system to reduce the inflation and create a negative valuation to encourage 1st time buyers and end users to enter into the market and with little effect. Such media and government implementation would have crippled the market in most cities and countries worldwide. Toronto has survived any negative valuation and due to the correction of supply in new developments and a lack of inventories in the current re-sale market we are seeing investors begin to enter back into this market based on sound knowledge and statistics rather than media rhetoric and speculation.