New Toronto Websites

We’ve added 15 new sites to our online presence helping bring new buyers into contact with our listings. Contact Karolina and I to see how are online marketing, 15 years of experience, and award winning service can help you buy or sell in today’s market.

Thank you Martin – our good friend from www.creo-group.com for the amazing job.

1. www.BayStreetCondosForSale.com
2. www.Bayviewsheppardcondos.com
3. www.CityplaceTorontoCondosForSale.com
4. www.CondosYongeandStClair.com
5. www.FrontandSpadinaCondos.com
6. www.LeslieSheppardCondos.com
7. www.QueensQuayCondosForSale.com
8. www.ForestHillTorontoCondos.com
9. www.RiverdaleCondominiums.com
10. www.StLawrenceMarketCondosForSale.com
11. www.TorontoDistilleryDistrictCondos.com
12. www.TorontoLibertyVillageCondos.com
13. www.YongeandBloorCondosForSale.com
14. www.YongeAndCollegeCondosForSale.com
15. www.YongeStreetCondosForSale.com

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Exclusive Economic Outlook Event | Learn About Yorkville Condos and The Market

My office….RE/MAX Hallmark is partnering with TD Canada Trust to bring you an Exclusive Economic Outlook event with Craig Alexander, Senior Vice-President and Chief Economist, TD Canada Trust. Mr. Alexander is one of the foremost authorities on the Canadian economy, making regular appearances on BNN and the major news networks.

 

The event will be held February 23rd, 2012 from 6:30pm to 8:00pm at the Spirale Banquet & Convention Centre located at 888 Don Mills Road, just north of Eglinton Avenue West in Toronto.

This event is available exclusively to RE/MAX Hallmark Clients! Whether you are buying or selling, starting your career or retiring, saving, investing, or simply trying to learn more about our economy and how it impacts your personal finance, this is an excellent opportunity to get an inside perspective.

 

Please note that space is limited! If you would like to attend please contact me

 

Jarrod

RE/MAX Hallmark

Office: (416)-494-7653 
Fax: (416)-494-0016  
Email: Jararmstrong@trebnet.com

 

Looking to buy or sell a house or condo? Check out our site www.SearchLocalCondos.com

 

www.JarrodArmstrong.com

 

Top 1% agents for Toronto Condo Sales * Multi Award Winning Service

 

Free Toronto Buyers Guide | Complete Guide to Buying a Toronto Condo

The New Toronto Condo buyers guide is NOW available.  This 43 Page Buyers guide is a great starting point for any new buyer thinking of purchasing a Toronto condominium.  If you are new to the Toronto Condo market or just need an update, it is a great resource and answers some very interesting questions you may not have thought of.  Simply send us an email to receive your free copy. 

Topics Covered in the Guide:

1 – Condominium Ownership.
What Is a Condominium? .
What Types of Condominiums Are There? .
What Do I Own When I Buy a Condominium? .
Are Condominium Regulations the Same Across Canada?.
What Rules and Restrictions Might I Encounter in a Condominium?.
Who Takes Care of the Building and Grounds?.
What Insurance Will I Need?.
Can I Rent My Condominium?.
2 – What Type of Condominium is Right for Me?.
New, Re-sale or Conversion—What Are the Differences?.
New Condominiums .
Conversion Condominiums.
Existing/Re-sale Condominiums.
Affordability—How Much Will it Cost? .
Condominium Contributions—What’s Included in My Fees?.
Extraordinary Expenses.
Questions to Ask in Choosing a Condominium.
3 – Getting Help from the Experts.
Who Should I Consult about Buying a Condominium?.
How do I Know if a Condominium is in Good Financial Condition?.
How do I Know if a Condominium is in Good Physical Condition?.
Physical Checklist.
What Information Does the Condominium Corporation Have that Could Help Me? 

 

Let us help you find that great Toronto!  Click here to view condos currently for sale within the GTA.  

If you have an interest in Renting, Buying or Selling in the Toronto area and would like to discuss the current market, please fill out this contact form.

What to look for in a Yorkville Condo

When looking for a Yorkville condo to buy or let it there are a lot of things to consider, some of which are less obvious and you may forget to check or ask about at first.

For a start apart from the <a href=”http://www.searchlocalcondos.com/”>condo</a> itself what else do you get use of such as hallways, elevators and maybe even laundry facilities, will you have to pay a ground rent or other costs towards communal facilities? These may also include heating, which can be better value than having your own heating system.

How thick are the walls and floors or ceilings: the extent to which sound travels between apartments varies between blocks based on their age and construction. Try tapping on walls and ideally visit potential properties on weekends or evenings when there will be people about to give you an idea how noisy they may be.

Rooms often look smaller once they have furniture in so be careful if viewing an empty property and compare floor sizes to what you currently have to give you a better idea and to make sure that you will be able to fit everything in. Think about wall space as well as floor space as some layouts, including open plan as well as condos with lots of windows, may have less wall space: which may mean that you have nothing to put some furniture against.

Allure Condos

Allure Condos Yonge and Eglinton

Allure Condos is an exciting new project coming to the Yonge and Eglinton/Davisville area!  Set along Yonge Street at Glebe Road, these condos by Greenpark Homes are set to add a beautiful architectural link to the community in an already happening neighbourhood.

Featuring private street entrance, 24 hr concierge, dramatic spa lounge, rooftop sky deck, and convenient Yonge Street shops nearby, there is no better place to purchase pre-construction! Choose from one bedroom, one bedroom + den, two bedroom and two bedroom + den suites from the $300’s with 9′ & 10′ ceilings.

Allure Condos at Yonge and Eglinton are still in the Pre-construction phase and we are waiting for further details from the developer in regarding to floor plans and exact pricing.

Contact us today to be a part of this great condo opportunity in a vibrant area of the city. By registering with us, you get access to special pricing discounts and front of the line access! The last new development at Yonge and Eglinton sold out in 2 days!!!…don’t miss out on these!

 
Let us help you find that great Toronto Condo! Click here to view condos currently for sale within the GTA. To read more Toronto and surrounding area condo profiles click here

Madison Ave Condos

Madison Condos Yonge Eglinton

We’re still waiting for details to be released to us.  I will give you a heads up once the developer informs us in the coming weeks. We are still projecting costs to be roughly $560 to $580 per sq ft. 

  • Created by Madison Homes working with the industries best architects, Kirkor Architects and top designers Munge Leung.
  • Comprised of approximately 640 suites in two hi-rise towers that sit on an 8 storey podium, with more than 28,000 sq. ft. of indoor and outdoor amenity space, along with more than 60,000 sq. ft. of prime storefront retail.
  • With over 60 distinct suite designs, ranging from approximately 400 sq. ft. to just over 1000 sq. ft.  Suite layouts include a selection of bachelor, one bedroom, one bedroom-plus-den, two bedroom and two bedroom-plus-den configurations all designed to offer practical, efficient living layouts. Priced from the mid $200’s.
  • 9 foot ceilings are standard throughout and will create a sense of airiness and space inside the suites, most will boast terraces or balconies, offering residents a sweeping panorama of the city.
  • Designed to be both modern and sleek, yet functional. The kitchens will feature designer series cabinetry, upgraded hardware, equipped with under-cabinet lighting, granite countertops, stainless steel undermount sinks, glazed ceramic backsplashes, island or breakfast bar and stainless steel appliances.
  • The bathrooms boast custom designed cabinets, with mirrored medicine cabinets, Ceaser Stone countertops and contemporary frameless glass showers.
  • The Madison’s amenity program is highlighted by the deluxe fourth floor indoor/outdoor common element. At an inspiring 28,000 sq. ft., the amenity area will include an indoor salt water lap pool, hot tub and co-ed sauna and steam rooms off the pool deck. The fully equipped two level gym and yoga facility will offer an outdoor terrace and views of the neighbourhood below
  • The fourth floor also offers an incredible outdoor space featuring a central fire pit, five individual barbecue areas, with cabanas and easy access from the indoor party room, demonstration kitchen and pool; the Zen-style retreat (with water feature) atop the eighth floor podium; and The Madison’s movie theatre, demo-kitchen, common dining space and entertainment room.

Let us help you find that great Toronto Condo! Click here to view condos currently for sale within the GTA. To read more Toronto and surrounding area condo profiles click here

Hire Me an Exclusive Buyer’s Agent

So you have made the exciting decision to buy a new condo in Toronto! First things first, you must hire your own exclusive buyer’s agent. This is a big investment and you have to be careful and this first step may be the most important.

Walking into a the new development‘s sales office and buying something from one of there sales people is a big mistake. The sales people in that office work for the developer, all their obligations are to the builder. This does not sound like someone who will protect your interest and try to get you the best deal possible now does it?

With an exclusive buyer’s agent your interests are top priority. Also the builder always pays the buyer’s agent fees, so you get the knowledge and expertise of a buyer’s agent without any cost to you. An exclusive buyer’s agent is familiar with every new condo project, staggered sales and knows the market, when to buy, what stage to save the most amount of money and to see the biggest selection of units.

So why hire me as your Exclusive buyer’s agent?

My experience is one of my greatest assets. Having sold units at projects all over this great city I know the dos and don’ts, and the potential pitfalls that come with purchasing a pre-construction condo. By getting my client in at the earliest stage of a new development I can save them thousand s of dollars. I know the questions to ask and the things to look out for. I know who’s who in the industry, if someone has a bad reputation I will know and be able to steer you in the direction of more reputable builders. I will also be able to direct you to a lawyer to through your Agreement of purchase and sale, so you know what it is you have agreed to, as well as inform you of any changes that could or should be put to the agreement.

Unlike the builders sales people I am not trying to sell you the condo, my job is to make sure you have all the information you need to make the most informed decision possible. My commitment as your agent does not end when you sign your purchase agreement, I will still be your agent 3-4 years down the road when your condo is finished and you close on the property. There can be many issues between signing the agreement and the final closing and it is important to have a professional agent at your service through this whole process.

Let us help you find that great Toronto Condo! Click here to view condos currently for sale within the GTA. To read more Toronto and surrounding area condo profiles click here

Have a Lawyer Go Over Your Agreement of Purchase and Sale on New Condo

Congratulations on purchasing a pre-construction condo! Technically you have not bought the condo yet, you are in what is called the 10 Day Rescission/cooling off period, you have signed the paperwork and the deposit cheque, but now what? Well any good buyer’s agent will tell you it is essential to promptly get your APS (agreement of purchase and sale) to a lawyer for review. If your buyers agent has not stated this, it may be cause for concern, you cannot rely on the word of a sales representative in the condo presentation room with commitment of this magnitude.

These are just some of the subjects a lawyer will be helpful with.

  • HST Rebate
  • Superfluous charges
  • Closing cost caps
  • Assignment Clause
  • Investment property clause
  • Variances in Square footage

HST Rebate. This was formally the GST rebate and is built in to the purchase price of the condo and is for end-user buyers. On closing you may have to pay this back if you will not be living in the unit.  Your lawyer can advise you on how this will work if purchasing for investment and after final closing you may apply to the government to receive this rebate back.

Waiving Superfluous Charges. Developers can be creative on your purchase agreements and add sur-charges and fees in relation to the property purchase. Your lawyer can negotiate to have these waived.

Closing Cost Caps. Putting a cap on closing costs and adjustments will protect you from being caught off guard with a shockingly high total at closing. Your lawyer should advise a cap on things such as development and education levies, surcharges and hydro/gas hook up. A “good” cap may range from $2500.00  to $5000.00 without these caps your closing costs could rise well over 10 thousand dollars.

Assignment Clause. An assignment clause allows you to sell the property prior to occupancy. If you are buying as an investment your lawyer will recommend this.

Investment Property Clause. Is this an income property? Most contracts state you cannot rent during the occupancy period. Be up front with your lawyer and be clear if this will not be you residence but an investment property. Your lawyer can request a clause which will allow you to rent this new property.

Variances in Square footage. Chances are the copy of your unit’s floor plan will not have Dimensions or footage listed, discuss this with your lawyer. In some instances you may get an 800 sq.ft unit instead of a 900 sq ft unit, your lawyer may be helpful in working out these variances with the builder. The Ontario New Home Warranty Act and TARION only state guidelines for this situation and no actual law, there for an agreement with the builder would be the only course of action.

Let us help you find that great Toronto Condo! Click here to view condos currently for sale within the GTA. To read more Toronto and surrounding area condo profiles click here

Other Options for Mortgage Pre-approval

You have your deposit structure all worked out but securing a mortgage pre-approval can be tricky for a number of reasons.

  • Lower Income
  • Self Employed
  • Not enough employment history
  • Borrowed too much money already, over leveraged

 

But you do have options for getting pre-approved. Using a mortgage broker who works with many different lenders oppose to the one lender the builder uses who chances are is one of Canada’s Big-5 that have very strict lending standards. The builder must consent to the use of a mortgage broker, but with builder approval this is a viable option.

Sometimes a builder is satisfied with a “Letter of Commitment”.  A letter of commitment is like a less formal mortgage approval. Your bank manager could write you one, if your relationship with the bank is good and long standing one it should not be a problem.

Another option is getting a co-signer. If you can foresee that by the time the condo is finished you will be better off financially then this may be the best option for you. Before the closing date you can remove the co-signer, they would not be responsible for any payments and you still have purchased your condo.

Let us help you find that great Toronto Condo! Click here to view condos currently for sale within the GTA. To read more Toronto and surrounding area condo profiles click here