StoryLine by CondoNow https://condonow.com/learn Investor Info, New Launches & Much More Fri, 22 Sep 2017 21:22:59 +0000 en-CA hourly 1 https://wordpress.org/?v=4.8.2 Renters Wave White Flag on Toronto Bidding Wars https://condonow.com/learn/toronto-rental-bidding-wars/ https://condonow.com/learn/toronto-rental-bidding-wars/#respond Fri, 22 Sep 2017 20:00:48 +0000 https://condonow.com/learn/?p=1689 If you are in the market for a condo rental, chances are you’ve been entangled in a Toronto bidding war free-for-all. Before you know it, you are licking your wounds, haphazardly applying to property after property, ready to wave your white flag. According to The Toronto Real Estate Board, condo ownership declined in the second …

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Couple Moving In

If you are in the market for a condo rental, chances are you’ve been entangled in a Toronto bidding war free-for-all. Before you know it, you are licking your wounds, haphazardly applying to property after property, ready to wave your white flag. According to The Toronto Real Estate Board, condo ownership declined in the second quarter, cutting down the number of vacancies for the city’s growing demand. The untimely decline in property rentals, combined with a 5% growth in condominium rental rates, make for a cocktail of difficulties for anyone looking to sign a lease.

Competition: Great for landlords- Not so much for renters

Soaring real estate prices in the GTA means many landlords are looking to cash out while prices are up. This may be a time of actualized aspirations for sellers, but for tenants who are given 60 days to leave, securing a new residence in two months can be a struggle. Woefully, property seekers with the dark cloud of “60 days’ notice” hanging over their heads are only a drop in the bucket. Newcomers to Canada, students looking for off-campus housing, temp workers and downsizing seniors are just a few demographics competing in the fierce rental market.

Data from the City of Toronto’s Rental Housing Update shows that last year, the overall vacancy rate of rentals in the GTA was 1.3%. That number is lower in Downtown Toronto, and even lower for condo rentals. This means that at any given time, the city could see less than 1% in unoccupied rental properties for months on end.

Landlords who have decided to ride the wave and hold onto their investment properties can find themselves in the fortunate position of a bidding war. In today’s market, a property that was previously lack-lustre, suddenly has more offers than ever seen before. Hopefuls, in a rush to nail down a rental, try to outdo competitors by stretching their budget in a race against time. And as the real estate boom continues, applicants are seeing investors with newly closed units hitting the market- holding back offers. With the recently introduced Ontario bylaw implementing rent increase restrictions, investors are challenged with the task of treading lightly. Holding back offers allow time to commence a lease at a rental rate that both the tenant and the landlord are comfortable with.

It’s Not All Doom and Gloom: There are ways to get ahead of the pack

Having all required documents ready so you can submit an application and sign a lease is one of the most detrimental steps to scoring the property you desire.

Have your employment letters, landlord references, full credit reports and certified cheques ready to submit. If all your documents are attractive and in order, it allows the landlord to make an easy decision.

It is also wise to cast your net wide. Properties within your budget may not be situated in one concentrated area. Figure out how long you are willing to travel to work or school and consider those options alongside of your most desired location.

Lastly, if you don’t need to move immediately. Consider yourself lucky. Now, might be a good time to think about investing in an address you can own with multiple condominium pre-sales kicking off before year end. You may not be able to get away from bidding wars completely, but by entering the buyers’ market you will have more opportunities to surrender at your own pace, on your own terms.

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Where Transit Goes Up, So To Does Property Value https://condonow.com/learn/toronto-condos-near-transit/ https://condonow.com/learn/toronto-condos-near-transit/#respond Thu, 24 Aug 2017 16:20:59 +0000 https://condonow.com/learn/?p=1682 When a real estate investor is looking to purchase a home or a new condo in Toronto, there’s usually a very personalized laundry list of what that house or condo needs to have in it for it to be an appropriate choice for each buyer type. The factor that usually trumps any itemized list however …

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When a real estate investor is looking to purchase a home or a new condo in Toronto, there’s usually a very personalized laundry list of what that house or condo needs to have in it for it to be an appropriate choice for each buyer type. The factor that usually trumps any itemized list however is location.

When living in a big city such as Toronto, a primary location related factor that is most often tied to general area is how close the property is to the public transit system. Many homebuyers, especially downtown condo buyers, are looking for a place that is located very close to the subway so that it is easier for them to get around. More often than not, buyers are willing to give up a larger space in order to afford a place that provides convenient transportation options.

The one caveat to living close to the subway is that the prices for the properties are always going to be a little more expensive. A recent study found that condos located near a subway were 14% more expensive.

Map searches such as those found on CondoNow.com are a great resource, as they overlay all the new condo developments on a map also showing all the main subway lines. You can even see all the GO Transit Lines, Proposed LRT including Mississauga and Markham, as well as the TTC Subway Extension.

As Toronto continues to expand, so to does its transportation infrastructure. Condo developers are already concentrating on placing new developments in areas where future subway lines are being planned.

Seasoned investors are also looking to these areas as well. The potential for significant increases in property values is high in these areas. Current price levels have significant room to move once these new subway stops and train stations are in place. Knowing where these new stops will be located can be used as a key factor to compare to new condo developments. Sites like condonow allow you to easily complete this type of investment research.

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Construction is Well Underway at VMC https://condonow.com/learn/vmc-construction/ https://condonow.com/learn/vmc-construction/#respond Fri, 11 Aug 2017 15:21:36 +0000 https://condonow.com/learn/?p=1676 Photographs by CondoNow Vaughan is getting closer and closer to creating their new downtown: Vaughan Metropolitan Centre VMC  Here’s what Vaughan currently looks like featuring photos of the under construction TTC Vaughan Metropolitan Centre Subway Station,  KPMG, vivaNext Bus Rapid Transit, and Expo City Condos by Cortel Group. The VMC is becoming a huge transportation …

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VMC at Hwy 7 & Jane

Photographs by CondoNow

Vaughan is getting closer and closer to creating their new downtown: Vaughan Metropolitan Centre VMC 

Here’s what Vaughan currently looks like featuring photos of the under construction TTC Vaughan Metropolitan Centre Subway Station,  KPMG, vivaNext Bus Rapid Transit, and Expo City Condos by Cortel Group. The VMC is becoming a huge transportation hub that will transform the corner of Jane & Hwy 7. There is everything from new restaurants, shopping, hotels, convention centres, offices, and even a 9-acre Central Park that will create an amazing neighbourhood to live in.

2017 Vaughan Condos Selling & Coming Soon

Charisma-Condos

Vaughan New Condos

CondoNow

Charisma Condos is just steps away from the ever so chic Vaughan Mills Shopping Centre and the world renowned Canada’s Wonderland.

Nord-West-Expo-4-Condos

Vaughan New Condos

CondoNow

A collection of 4 towers including Nord Condos & Expo City Condos by Cortel Group.

Park-Avenue-Place-2-Condos

Vaughan New Condos

CondoNow

Situated between Canada’s Wonderland & Vaughan Mills, Park Avenue Condos by Solmar Development brings you a luxurious experience with amazing amenities right outside.

Transit-City-3-East-Condos

Vaughan New Condos

CondoNow

Right beside VMC’s transportation hub you can’t live any closer than this! The first two towers of Transit City Condos sold out in just two weeks!

Cosmos-Condos-Phase-3

Vaughan New Condos

CondoNow

Cosmos Condos brings a futuristic vibe to Vaughan and has a total of 4 towers by Liberty Development Corporation.

Indigo-Condos-2

Vaughan New Condos

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Indigo Condos 2 keeps you out of the downtown core in a location that provides a perfect balance between urban and suburban.

Explore our map search to see all the options Vaughan has here: Pre-Construction Vaughan Condos

 

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Finding Your Dream Home in Pre-Construction Condos https://condonow.com/learn/pre-construction-condos-dream-home/ https://condonow.com/learn/pre-construction-condos-dream-home/#respond Fri, 28 Jul 2017 15:30:16 +0000 https://condonow.com/learn/?p=1672 Why is pre-construction a great way to get your dream home? The answer is in customization! One of the most beneficial parts of purchasing a new condo is the flexibility of customizing your unit. From floor plans to wall colours and even the level you live on, you have a say in everything. Want a …

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Ten York by Tridel

Why is pre-construction a great way to get your dream home? The answer is in customization!

One of the most beneficial parts of purchasing a new condo is the flexibility of customizing your unit. From floor plans to wall colours and even the level you live on, you have a say in everything. Want a modern kitchen? Check! Want dark hardwood floors? Check! Want an open concept layout? Check! Dream home? Check! Remember, you are the master of your domain. The building is yet to be built, so there are a lot of options to choose from.

A Perfectionist’s Dream

If you are a perfectionist, buying pre-construction is like hitting the jackpot. The biggest advantages are the options to choose your floor plan and floor level. CondoNow gives you the ability to compare floor plans side by side, so you can see exactly what you’re getting.

Making changes later on, such as breaking down walls and adding additions to your unit will be costly and can only be done with a permit. Moreover, the only way to change what floor you live on is to sell your unit and purchase another one. A good rule to remember is that purchasing a unit on a higher floor is typically more appealing to potential buyers when you are looking to sell down the road. Not only that but you are less likely to hear the commotion on the street when you are higher up and just think about those spectacular city views. With pre-construction, you won’t have to compromise layout for floor level. It is a win-win!

Decide All The Details

Now, lets examine the other benefits you can reap from purchasing a pre-construction condominium. Most builders will have a list of different appliances and fixtures buyers can choose from. You will most likely be able to choose between different brands, upgrades and finishes. For example, if you like modern kitchens you will be able to choose stainless steel appliances. You will be able to choose other aesthetics as well such as wall colours, type of flooring and even cabinetry! There are also external features that you may want to review before locking in the deal, such as the number of lockers and parking you want.

Get Exactly What You Desire

Selection and customization is key when you are on the hunt for your dream home. If you wait until a home is built or try to find a resale property, your choices are very limited. With Toronto’s low real estate inventory, buyers can spend weeks trying to find the perfect place. On top of that, they will most likely be in a bidding war with multiple offers. Want a penthouse suite facing the lake with 2 bedrooms and 2 parking? Chances are you can get exactly what you want.

An amazing example of a condo that allows you to customize every detail of your home is The One Condos by Mizrahi Developments. This condo is pure luxury and the choices don’t stop at the basic selections you usually get to make; it gives you full options with no limitations! Sam Mizrahi said about The One Condos,“you as a home owner will come and be able to custom design your units to exactly the wishes that you want”. That definitely sounds like a dream home to us.

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5 Key Factors to Choosing the Right Neighbourhood for You https://condonow.com/learn/5-key-factors-choosing-the-perfect-neighbourhood/ https://condonow.com/learn/5-key-factors-choosing-the-perfect-neighbourhood/#respond Fri, 14 Jul 2017 18:18:04 +0000 https://condonow.com/learn/?p=1639 Location, location, location! Choosing where to live is one of the most important decisions when buying a home. From club districts to beautiful hiking trails, Toronto and the GTA has an array of eclectic neighbourhoods. With more than 140 in Toronto alone, it can be difficult to decide which area to call home. Whether you …

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Woman looking out at the cityscape

Location, location, location! Choosing where to live is one of the most important decisions when buying a home. From club districts to beautiful hiking trails, Toronto and the GTA has an array of eclectic neighbourhoods. With more than 140 in Toronto alone, it can be difficult to decide which area to call home. Whether you are a City Slicker or a Suburban Dweller, below are 5 key factors you should take into consideration before you begin looking for a new condo in Toronto and the Greater Toronto Area.

1) Neighbourhood Life Cycle Neighbourhood Icons

Growth, maturity, decline and renewal, these are the four phases of a neighbourhood’s life. During a neighbourhood’s growth it becomes well established and in turn increases the public’s demand for the area. There are exciting new possibilities like malls, schools and restaurants. Web based search tools, like this one from condonow.com allow you to easily find new and upcoming developments all over the GTA.

2) Transportation Options 

Public Transportation & Walking: Public transit plays a large role in the decision making process, especially for people who don’t drive or have a car.  Keep in mind that public transit tends to be more frequent in cities than suburbs. You should pay attention to bus timetables as well as the distance to work and other amenities.

You can search CondoNow based on a condos Walk Score & Transit Score!

Want to accomplish your daily needs while getting in all your steps for the day? All these GTA Condos have a Walk Score of 90/100 to 100/100: Condos with a Walker’s Paradise Score 

Sit back, read a book, and ride public transit basically everywhere. This is a list of GTA Condos that easily connect you to the whole city with a Transit Score of 90/100 to 100/100: Condos with a Rider’s Paradise Score

The CondoNow map search also outlines the major transit lines so you can see exactly where your future home will be.

Highways: Accessibility to major highways can be a huge bonus. Whether you are going to work or traveling for the holidays, being close to a major highway will shed minutes off your travel time and possibly increase the value of your home. However, highways can be tricky business; if you get TOO close, the value decreases and you might be dreaming about cars all night.

3) Amenities & Stores Nearby

A great way to decide if you like the area is by taking a visit! Take a walk or drive around the neighbourhood and take notes as to what’s around. Ask yourself, is there a grocery store around here? Where is the nearest hospital? Is there a grocery store or movie theatre? Do I want to spend more than 30 minutes driving or walking to these places? An awesome bonus to CondoNow is that in every project page,  there’s a neighbourhoud tab that shows you a map and tells you all the amenities that are around. Here is an example of how you can see the neighbourhood amenities for Theory Condos

4) Demographic

Buying a home is a huge investment and no one ever wants to make the wrong decision. If you are in your twenties and love to party, a neighbourhood where the majority of people are retired might not be your scene. If you are thinking about starting a family, you may want other young families around so your children will have friends to play with. Neighbours can become your lifelong friends and you certainly don’t want them to turn into your enemies! Some other factors to consider are religion and average income.

5) School RankingsEducation Iconds

If you are a young couple looking to settle down or are a family who is expecting/have kids, schools can be a deal breaker. The location of the school is important, as you may want your child/children to be able to walk to and from school. Your children’s learning experience is very important to you so having a good education and foundation is crucial. To check out school rankings, you can go to www.compareschoolrankings.org to compare different schools around the area. You may also want to research the types of schools that are available, such as religious, private, public, and French immersion.

There is no simple answer on how to find the perfect neighbourhood.

Sometimes it’s hard to check off all your boxes yourself and understand exactly what you need. Working with a realtor can often make your search easier! That’s why CondoNow has provided a list of qualified and experienced real estate agents that can listen to you and help guide your condo search. But as always in Real Estate, every home and neighbourhood has its own distinctive features. By evaluating different factors and exploring necessities, you can make a comprehensive decision on which neighbourhood is the right fit for you.

Keep in mind with pre-construction condos and townhomes it usually means that new amenities are coming soon to the area like shopping plazas and grocery stores. There may be new transit options like LRT lines planned for the future that will increase your Transit Score or it could be the whole neighbourhood is going through a redevelopment which leads to huge changes for the future. The more you research and know before hand, the better your decisions and the happier you’ll be in your new home.

Happy Condo Hunting.

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Canada’s Top Architectural Styles Over 150 Years https://condonow.com/learn/canadas-top-architectural-styles/ https://condonow.com/learn/canadas-top-architectural-styles/#respond Sat, 01 Jul 2017 13:14:35 +0000 https://condonow.com/learn/?p=1631   Canada has had vastly different architectural styles over the last 150 years. The most prevalent in Toronto and the GTA since 1867 are Georgian Revival, Bay-and-Gable, Gothic Revival, Bungalows, Modern, and the current rising trend of Skyscrapers. You can click the links to see the upcoming pre-construction condos and townhomes coming to the areas. …

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CondoNow Presents Canada's top Architectural Styles over the Last 150 Years

 

Canada has had vastly different architectural styles over the last 150 years. The most prevalent in Toronto and the GTA since 1867 are Georgian Revival, Bay-and-Gable, Gothic Revival, Bungalows, Modern, and the current rising trend of Skyscrapers. You can click the links to see the upcoming pre-construction condos and townhomes coming to the areas.

Georgian Revival

Georgian Revival styles rule neighbourhoods like Rosedale and The Bridle Path. The first example, John Daniels’ house, is one of the oldest buildings left in Yorkville.

Bay-And-Gable

Next is a style that is unmistakable to Toronto, Bay and Gable. Bay-and-Gable is a combination of Victorian Revival and Gothic Revival. Little Italy and Cabbagetown has so much character with these houses along the streets.

Gothic Revival

There’s no other residential dwelling that would be more suitable for Gothic Revival than Casa Loma! A breathtaking house turned museum in the lovely Casa Loma neighbourhood. It’s one of Toronto’s many tourist attractions and even has activities like Escape Rooms.

Bungalows

In the 1950’s suburbs became a huge demand due to the Post War Baby Boomer time. Families were looking for a space to settle down and house all their children away from the city core.

Modern

Modern style and design began to dominant in the early 2000s. There’s a change from the classic and traditional styles to minimal yet imaginative designs. The example shown above is the Integral House also known as the Mathematician’s house. James Stewart was a math textbook author who had this house built for him for $34 Million dollars. The large glass windows provide a beautiful view of the forest as well as stunning reflections.

Skyscrapers

Gorgeous views, exciting neighbourhoods, amazing amenities, and endless connections to Transit, is more and more on people’s wish lists. Condos are rising all over the GTA with incredibly different architectural styles. The future is going to see some breathtaking condos. This first condo is going to change Toronto’s skyline forever. The One Condos at 1 Bloor West has a highly sophisticated design with geometric diamond shapes throughout the facade and a style to match Yorkville completely. It’s a strong rectangular structure designed by Foster + Partners that will be Canada’s tallest tower at a staggering height of 1005 ft / 306.6 m.

The style at Edge Towers is traditional yet modern with a rectangular base and triangular prism top that will pierce through the clouds in Downtown Mississauga envisioned by Rosario “Roy” Varacalli, Cusimano Architect. With a completely opposite style we have On The Park Condos near the Ontario Science Centre that reflects the organic nature around the area while having a highly modern style with geometric shapes and forms. The design is by Graziani Corazza Architects.

We’re excited to see these new towers grow and are proud to see what Canada’s Architectural history has accomplished. There’s been many different trends over the last 150 years of Canadian housing styles what do you predict the next trend will be?

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Vaughan’s Glorious Downtown: Vaughan Metropolitan Centre https://condonow.com/learn/downtown-vaughan-vmc/ https://condonow.com/learn/downtown-vaughan-vmc/#respond Sat, 17 Jun 2017 19:00:45 +0000 https://condonow.com/learn/?p=1607 The Future Vaughan Metropolitan Centre It’s as if every time you blink something new is being built in the Vaughan Metropolitan Centre (VMC). Vaughan’s Hwy 7 just East of Hwy 400 is changing daily and the future holds very big and tall plans. The area currently looks like this: But thanks to years of planning, …

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VMC and Central Park

The Future Vaughan Metropolitan Centre

It’s as if every time you blink something new is being built in the Vaughan Metropolitan Centre (VMC). Vaughan’s Hwy 7 just East of Hwy 400 is changing daily and the future holds very big and tall plans. The area currently looks like this:

Vaughan Overview

But thanks to years of planning, it’s going to look like this:

VMC Overview

Wonderland’s Leviathan and Behemoth won’t be the only things defining Vaughan’s skyline anymore. 442 acres of land is being redeveloped, that’s approximately 300 football fields! They’re creating a downtown core that Vaughan has never seen before set with tons of skyscrapers. This plan transforms the current sub-urban area into an urban hub for transit, entertainment, and much more.

The Vaughan Metropolitan Centre is projected to have a population of 25,000 with 12,000 homes and 11,500 employment opportunities. Because of the transit options and offices in the area, Vaughan’s expecting that over 20,000 commuters daily will be making their way through VMC’s transportation hub.

The core principles for the City of Vaughan’s new downtown is:

  • Transit Oriented
  • Walkable
  • Accessible
  • Diverse
  • Vibrant
  • Green
  • Beautiful
Central Park Rendering by Claude Cormier + associes
Central Park Rendering by Claude Cormier + associes

These principles will create a community that people will want to be a part of as well as a wonderful place to live. The goal is to create a destination where people want to go to enjoy, to relax, to explore, and to have fun in the heart of Vaughan.

There has been incredible success for the condos that have launched! Transit City Condos sold out its first two towers in under two weeks. Other condos in the area have already began occupancy. You can view the full list of VMC condos HERE

Vaughan’s Transportation Hub

No longer will it be a mission getting around the GTA for those living north of Toronto! Being transit oriented is one of Vaughan’s focus principle for VMC and all the plans lead to them achieving just that. Living in the VMC will bring endless transit options within walking distance. The TTC VMC Subway Station, VMC Inter-Regional Bus Terminal, and Vivanext Bus Rapid Transit Station all are opening soon.

VMC Transit Map
VMC Transit Map. Image via myvmc

S – The VMC Subway station. Reliable and simple, the VMC TTC provides a 7 minute commute to York University and 45 minutes to Union Station. Part of TTC’s $3.2 billion project, the Toronto-York Spadina Subway Extension is a huge benefit to everyone in Vaughan and nearby whom will finally have a simple connection all over Toronto.

A – SmartCentres Bus Terminal 3 vivastations. This is a $32.1 million creation designed by Diamond Schmitt Architects that will bridge the gap between viva stations around York Region to Toronto’s transit.

B – Rapid Transit Stations. Vivanext is bringing uninterrupted faster travel times all over York Region

If public transit isn’t your style then Hwy 7, Hwy 400, and Hwy 407 are all nearby.

VMC Bus Station and VMC TTC Subway Station
VMC Bus Station and VMC TTC Subway Station

Urban Planning

Vaughan’s Downtown Core VMC

If you expected a nice quaint suburban downtown core you’d be mistaken. Vaughan is giving it its all and creating a dynamic space with downtown Toronto flare. Welcome to Vaughan’s main destination. You’ll be able to spend all day walking down the promenade, enjoying central park, and trying new flavours at restaurants like BUCA. There’ll be something at every corner with office spaces, hotels, convention centres, restaurants, cafes, and retail.

Downtown Vaughan
Downtown VMC via myvmc
Streets

Vaughan wants to promote a pedestrian and bike friendly environment in the VMC area. Retail is highly encouraged at ground level to create an exciting and vibrant environment. Pedestrian paths are to be spacious and highly visible from the beginning of the path to the end which is perfect for safety.

VMC Street network
Street Framework. image via Vaughan Urban Guidelines Plan

Inspiring art pieces will be throughout the VMC and all the details from the grass to the types of trees are important in creating a vibrant downtown. One thing that is evident is that Vaughan wants the VMC to be interactive and make people feel welcomed.

Parks, Trails, and Open Spaces

Perhaps the most beautiful features will be the parks. A future 9-acre park formally named Central Park will spread across many blocks and become a gorgeous centerpiece to the community. This is a perfect area for families, workers on their lunch break, and those just looking for a fresh view.

VMC is filled with parks that will have activities year round to really contribute to the community.

Central Park
Rendering Claude Cormier + associés

Everything from a sky fountain for pond boating to retail forecourt and even a skating rink is being proposed. Claude Cormier + associes have envisioned the Landscape Architecture and Urban Design.

Central Park Details
Central Park Details by Claude Cormier +associés

There are many parks in the VMC that will be able to break up the cluster of condo buildings and bring a calm and relaxing atmosphere. Edgeley Pond & Park and the Black Creek Corridor are current areas being reevaluated in order to improve the landscape to become a social space. They’re adding new trees and vegetation to help the area flourish as well as creating pedestrian paths and bike lanes for everyone to enjoy the parks.

VMC’s Exciting Surroundings

Places don’t get a downtown core such as this unless the community is already booming, and it is! In an attractive location near Hwy 400 and Hwy 407, Vaughan is north enough to easily find rolling hills and farm lands nearby but south enough for ideal commuting into Toronto and exciting entertainment. It’s the perfect balance.

The beloved Canada’s Wonderland and the fabulous Vaughan Mills are a short drive / transit ride north, plus there’s the McMichael Canadian Art Collection, LEGOLAND Discovery Centre, and Black Creek Pioneer Village all in York Region.

Behemoth at Canada's Wonderland
Behemoth. Image via Canada’s Wonderland

Living in the VMC will bring you steps away from the everyday necessities of shopping and fitness to luxurious nightlife and entertainment. Located in the area is a movie theatre, Reptilia, Vaughan Putting Edge, local clubs, Dave & Buster’s, amazing eateries, and so many more amenities being developed for all ages.

Vaughan Metro Centre’s future plans even hope to welcome a post-secondary school institution in the area.

Vaughan Condos

With an estimated 12,000 homes, there are going to be a lot of condos announcing their launches in the near future. Based on a 2011 Census, The average household income in Vaughan was $113,988. So far we have seen the success of Transit City, Expo City and many more incredible communities. View the full list here and right when we know of more developments we’ll add them right away on our platform!

Development Guidelines

With so many expected towers being added to the area, guidelines are a must to achieve their desired aesthetic. Condo developers need to consider neighbourhood style, tower tops, pedestrians, transit, retail, consistent street walls, weather protection, public art, aesthetic, and shared outdoor open spaces. And if it doesnt, well then Vaughan will send them right back to the drawing board. Previous plans had the tallest towers located within a block from the VMC Bus & Subway Stations reaching a maximum height of 30 storeys but that has increased! Transit City at 55 storeys will be York Region’s tallest residential tower.

Each street is also under a specific style guide. Hwy 7 is being dubbed “Avenue 7: the central spine of VMC – green street”. This location is the main road where the majority of people will be entering VMC so it needs to be grand and majorly impressive. Millway Avenue will be the “cultural and social spine – premium street”. Millway should inspire people with intricate art work and beautiful design all around. Central Park will define its surrounding condos. The focus is on promoting an easily accessible area for pedestrians.

Vaughan is encouraging developers to reach the highest green building standards just as they will with their civic buildings.

So future downtown Vaughan, we are excited for the condo opportunities and can’t wait to hang out!

Information derived from Vaughan Metropolitan Centre Urban Design Guidelines and Vaughan Metropolitan Centre Secondary Plan

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Mississauga City Centre Keeps Growing Taller https://condonow.com/learn/mississauga-city-centre-condo-developments/ https://condonow.com/learn/mississauga-city-centre-condo-developments/#respond Sat, 03 Jun 2017 22:30:52 +0000 https://condonow.com/learn/?p=1576 Mississauga’s Downtown21 Master Plan Mississauga has high hopes for its City Centre future which are all outlined in their Downtown21 Master Plan. This master plan was officially created back in 2010. From 2010 to now, many things have already begun changing. New condos have popped up, construction continues, and new Mississauga developments are bringing exciting …

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Mississauga Pre-Construction Condos

Mississauga’s Downtown21 Master Plan

Mississauga has high hopes for its City Centre future which are all outlined in their Downtown21 Master Plan. This master plan was officially created back in 2010. From 2010 to now, many things have already begun changing. New condos have popped up, construction continues, and new Mississauga developments are bringing exciting changes.

Mississauga City Centre
Mississauga City Centre Map, Image from Downtown21 Master Plan

The Mississauga City Centre is currently a sub-urban area known for having Ontario’s largest shopping mall, Square One. The goal is to transform Mississauga’s downtown core into a more urban and energetic place to live, play, and grow. This means bringing the community to its full potential where people desire to walk the streets, enjoy the public spaces, and be inspired by what surrounds them.

Downtown21’s 6 guiding principles are listed as:
1. Catalyze employment
2. Create a development framework with predictability
3. Create an urban place
4. Living green
5. Establish a focus
6. Build multi model

New Transit Options

Creating a truly urban space includes connecting people from all over and making it accessible. The Mississauga City Centre is going to be the Transportation Hub. The most exciting transit coming to Mississauga is the Hurontario LRT (Light Rail Transit) that will spread over 20 km.

Hurontario LRT Map
Hurontario LRT Map, Image from Metrolinx

This is a 1.4 billion dollar project that is truly going to connect the whole city. The Hurontario LRT is created and funded by Ontario’s Moving Ontario Forward plan. Completion is hoping to be in 2021.

This will be perfect for commuters as well as increasing the City Centre’s foot traffic. It is going to connect Port Credit GO Station to Brampton’s Gateway Terminal with so many important transit stops along the way for a fast and reliable transportation option.

Urban Planning

Mississauga Main Street
Mississauga Main Street, Image from Downtown21 Master Plan
Main Street

Downtown21 is going to have a special focus on Main Street, dubbing this as the centre of the action. Main Street is going to be a mixed-use area that is going to be the exact fruition of what Mississauga is striving to become. It will be a wonderful cluster of activities from enjoyable retail spaces, to outdoor merchandising, and even working artist studios.

Street framework

In order to create a space that brings people to the City Centre, an important focus is walkability. This means the street sizes, block sizes, and sidewalk sizes, need to be thoughtfully calculated in order to encourage people to walk around.

Mississauga Street Framework
Mississauga Street Framework, Image from Downtown21 Master Plan

Adding more streets and blocks brings more buildings right to street level allowing people to enjoy a stroll all around town while adding a much easier and quicker commute.

Parks Trails & Open Space

When urban spaces are wrongfully calculated, they can be finished feeling quite cold and dystopian like, which is why fresh open green spaces are so important to urban planning. It provides a fresh break to the new sky scrapers while allowing people to enjoy the new developments and spaces.

Parks & Open Spaces Mississauga City Centre
Parks & Open Spaces Map, Image from Downtown21 Master Plan

Parks and open spaces promote being active with friends and family and even just relaxing and enjoying the outdoors. Downtown21 includes adding numerous multi-use trails and bike paths. Currently Mississauga has many bike paths and nature trails so it is important to continue these characteristics while expanding.

Many of the master planned developments are creating parks and open spaces of their own. This adds to the sense of community a condo owner can have all while contributing to a resident’s overall experience.

Development Guidelines

Mississauga Urban Guidelines
Mississauga Urban Guidelines, Image from Mississauga Downtown21 Master Plan

The development guidelines differ per street. Mississauga has categorized the streets with different purposes in serving the community ranging from “green corridor”: City Centre Drive, to being a “grand street of significant beauty”: Burnhamthorpe Road.

Things that developers need to take into consideration include the street category they are developing on, sun positioning and overcast towers cause, landscape design, parking, and retail.

Master Planned Communities That Have and Will Have a Major Impact on Mississauga

Edge Towers
Edge Towers

Hurontario St & Elm Dr W. Edge Towers is Mississauga’s newest master planned community. This 3 tower development by Solmar promises to be a timeless piece with only the highest quality finishes and functional design. Walking distance to Hurontario LRT is one reason to get excited about Edge Towers but you can view our top reasons here

Edge Towers Phase 1 Coming Soon. Register Now for VIP Access

DanielsCityCentre
Daniels City Centre

City Centre Dr & Confederation Pkwy. Daniels City Centre is a 23-acre master planned community that has been a wonderful contribution to Mississauga. Along Living Arts Drive it is right in Mississauga’s most inspiring and creative street. The development includes a 3-acre community park. Impressively, Daniels City Centre has won multiple awards.

The Wesley Tower is the Newest Addition Coming August 2017. Never Miss an Update

Parkside Village Master-Plan
Parkside Village

City Centre Dr & Confederation Pkwy. Spread over 30 acres of land, Parkside Village includes condominiums and townhomes with some that have already started and completed construction. They’ve created their own village that is walkable and family friendly. Parkside Village has over 150,000 sq.ft. of commercial and retail space as well as 3 acres of land dedicated to parks. View all the Master Planned Condos

AVIA Condos is Amacon’s newest development Coming Soon. Stay Up-To-Date

M City Master-Plan

M City

City Centre Dr & Confederation Pkwy. M City is a master planned community on 15 acres with 10 condo towers by Rogers Real Estate Developments. It will be a wonderful community to live in with amazing amenities and vibrant culture. M City Condos includes a two-acre public parkland that contributes to Mississauga’s master plan. View all the Master Planned Condos

M City 2 is now selling.Register for VIP Access

Pinnacle Uptown Masterplan
Pinnacle Uptown Master Planned Community, Image from Pinnacle Blog
Pinnacle Uptown & Grand Park

Hurontario St & Eglinton Ave W. Although not exactly in the City Centre district, Pinnacle Uptown is quite an impressive 37-acre master planned community. In total Pinnacle Uptown includes 10 condos and 100 townhomes. Similar to the other developments in the area Pinnacle Uptown also has a park, but this one is an astonishing 15 acres. Pinnacle has had great success with its other Mississauga development Pinnacle Grand Park. View all the Master Planned Condos

Perla Towers is Coming Soon. Never Miss an Update

Mirage Condos
The Mirage Condos

Confederation Pkwy & Rathburn Rd W. The Mirage Condos is a smaller master planned community. The Conservatory Group currently has both condos selling in the Mississauga City Centre. Their newest addition Aspire Condos is coming soon!

Aspire Condos Coming Soon. Register & Follow

Compare all the Featured Projects Here

The Heart of Mississauga

Mississauga’s downtown has such a beautiful culture with the Living Arts Centre, Opera Mississauga, Art Gallery of Mississauga, and Mississauga Celebration Square all walking distance from these pre-construction Mississauga condos.

There is always something exciting taking place at Celebration Square. There are Movie Nights, Special Holiday Events like Canada’s 150, and the Farmers Markets.

Living in Mississauga

These are all the facts on Mississauga but your true decision depends on your love for the neighbourhood! So go see for yourself. Make a day out of it; shop Square One, enjoy the activities at Mississauga Celebration Square, and have fun in all the parks & trails. And just think, things are only going to get better for Mississauga’s City Centre from here.

There are many more developments coming than the master planned developments we have spoken about. You can view all the New Pre-Construction Condos for Sale and Coming Soon to Mississauga here

Information based on the City of Mississauga’s Downtown21 Master Plan: Creating an Urban Place in the Heart of Mississauga

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Top Reasons to Live at Edge Towers https://condonow.com/learn/top-reasons-live-edge-towers/ https://condonow.com/learn/top-reasons-live-edge-towers/#respond Wed, 31 May 2017 17:01:10 +0000 https://condonow.com/learn/?p=1571 Edge Towers is a 3 tower masterplan community coming to Mississauga at Hurontario & Central Pkwy. Here are the Top Reasons to Live at Edge Towers HURONTARIO LRT just steps away SUITES MADE FOR LIVING spacious and thoughtfully designed layouts SOLMAR has been creating elegant communities for over 25 years with only the highest quality …

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Edge Towers in Mississauga

Edge Towers is a 3 tower masterplan community coming to Mississauga at Hurontario & Central Pkwy.

Here are the Top Reasons to Live at Edge Towers

  • HURONTARIO LRT just steps away
  • SUITES MADE FOR LIVING spacious and thoughtfully designed layouts
  • SOLMAR has been creating elegant communities for over 25 years with only the highest quality craftsmanship
  • POTENTIAL CASH FLOW POSITIVE INVESTMENT
  • PERFECT FOR STUDENTS Sheridan College & Mississauga UofT nearby
  • ENDLESS SHOPPING Ontario’s largest shopping mall Square One
  • MISSISSAUGA’S EXCITING DOWNTOWN beautiful culture with the Living Arts Centre, Art Gallery of Mississauga, and Mississauga Celebration Square
  • FAMILY FUN Sky Zone Trampoline Park, Playdium, and the Cineplex Cinemas near Edge Towers.
  • SUPERB FOR FOODIES so many different kinds of restaurants from Alioli Italian Restaurant, to Border MX Mexican Grill, & Canyon Creek Steakhouse Restaurant
  • MISSISSAUGA’S GROWTH there are numerous developments coming to the area & the Mississauga City Centre is expected to see a huge increase in population
Register Now for EXCLUSIVE VIP Access Event

Edge Towers will have wonderful amenities and beautiful design. In total there will be 1367 units.

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The One Condos – Sam Mizrahi Shares Everything He’s Envisioned https://condonow.com/learn/the-one-condos-sam-mizrahi-interview-part3/ https://condonow.com/learn/the-one-condos-sam-mizrahi-interview-part3/#respond Fri, 19 May 2017 15:57:49 +0000 http://condonowblog.wpengine.com/?p=1535 Sam Mizrahi Interview Part 3 of 3 “Do you think The One Condos is Canada’s entry onto the architectural world stage?” I think so. And I’ve always said that being in Yorkville, being at Yonge & Bloor, I think there’s a huge moral responsibility to do something that’s going to be great with no compromises …

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The One Condos Winter Garden

Sam Mizrahi Interview Part 3 of 3

“Do you think The One Condos is Canada’s entry onto the architectural world stage?”

I think so. And I’ve always said that being in Yorkville, being at Yonge & Bloor, I think there’s a huge moral responsibility to do something that’s going to be great with no compromises at The One Condos.

“How many people does it take to make a building like this and what other construction facts do you know?”

Over 4,000 people. 6800 metric tons of steel. A LOT of glass. The ground floor is going to be sheets of glass. 3.5 m wide by 34 ft and there’s only 3 places in the world you can manufacture those. It’s very special glass with no iron.

“On that note what kind of special challenges do you face constructing a building so tall and such a narrow tight lot in Downtown Toronto?”

It’s a very significant challenge but one that the world has much experience building and we have employed really the worlds experts who have done these buildings and we’re doing it together. We’re going to be using a jump system to build The One. The jump system is a new form of building, similar to what 432 Park Avenue in Manhattan used & the Burj Khalifa in Dubai where you’ve got narrow sites and super high rise structures going in. Basically it’s like Lego. We’re going to be using the latest technology in the jump system methodology. You’ve got wind, here’ll be mass dampers going on top.

“Speaking of mass dampers I know many places have it as an architectural feature.”

Correct. 100%. You start to see it on the crown of the building. This is a state of the art architectural mass damper, again very similar to what was done at 432 Park Avenue recently.

“What’s the plan for the Presentation Centre?”

Our presentation gallery is right now under construction. We’re building something completely state of the art with touch screens that you swipe onto the walls. It’s going to be something that Canada’s never seen. We’re actually building it with a firm in California. It’s going to be spectacular at the same level of this building. We’re anticipating it being operational before September and we’re having an 18 foot model created by Forster which is just going to be incredible.

We have such a huge interest. Over 3,000 on the waiting list right now and I think half the building is going to be gone before the presentation gallery even opens. We’re also going to be using the gallery to do the purchaser selections. Construction for shoring, excavation, and tie backs before September. We’re going to start right away to put our anchor retail tenants in

“We believe this is a once in a lifetime opportunity. This isn’t going to be a project with huge turn over. People are going to buy these to stay in it.”

Well if you look at our other buildings that we built. We’ve had basically no trades. I took a very large unit for myself and my family. I took one of the penthouse units. I just know there will be nothing else like this in the city.

“What’s your management style, how do you employ, and how do you chose your team?”

My own personal style is we hire more on attitude vs. skill. Skill you can get but the attitude of the people in terms of our internal team is the most important to me. Because we’re very passionate about what we do and everybody that is on the team is extremely passionate about what they’re working in and the department they’re working in. We partner with people that not only have a passion but are experts in their fields and have done these types of developments in the past. For them it’s not a job it’s like breathing. You’re very lucky when you find your purpose where you do something that you love. And for me I’ve found my purpose it’s our art it’s what I love doing. The people we partner with and who we employ are as passionate as we are and that comes out in the building at the end of the day.

And of course the customer interaction. Even the sub-contractors, they’re so proud to be part of this project. For them it’s their super flagship. We look at employing people that share the same value systems as we do and in the buildings that we’re building.

“It’s said you are a perfectionist, and even once repainted an entire garage because you didn’t like the colour, tell us the story?”

Oh. Yea, Ha. For me as I said it’s our art. Every detail to me is the most important things. And I look at areas that are maybe not as important as the suite so even the underground garage for example. I think the reference your making is to 133 Hazelton’s garage. I came in and I didn’t like the colour. I didn’t like the way the floor was finished, and this is after the building had closed, residence had moved in. I just didn’t like the way it was looking with the car marks, condition and colour. So we went ahead and redid the entire garage for no reason other than I didn’t like the colour and how it matched with everything. I wanted it to be perfect. We asked everyone to move their cars out & we sent them a letter and I said you know I’m sorry I don’t like the colour, how it’s finished, I don’t like the shade.

“That’s not a likely thing for a developer just to spend money on something like that.”

Yea the homeowners couldn’t believe it either, there’s nothing wrong with it and even though a lot of people didn’t notice it or didn’t really care about it, I cared about it. At the end of the day, the details of the hinges on the door the colour of even the peephole, the colours of even the signs in the building and even the font on the firehouse cabinet and the colour that label it, to me are as important as the marble, the appliance, the finish of the paint, the carpet, the hardwood floor, the kitchen, the bathroom, details like that to me are as important. They’re the same level. When you bring all those details in concert, that’s when you get a super luxury building.

“Other than The One, what’s your favourite development you’ve ever built?”

Lytton, the townhouses I did in Lytton. There were only 6 townhouses at the corner of Avenue Rd & Lytton Blvd across from the park and I love it because it’s a timeless classic low-rise single family townhouse complex that we did. It really framed the gateway into Lytton Park. To me it’s a timeless architecture that meets what that whole area is about. It was really the start of my career. We put in incredible detail into those townhomes with internal elevators, rooftop gardens, and created a home on a scale that allowed the homeowners. There’s been no trades on those either. The same home owners from the beginning are still there.

To me that was the beginning for me besides the custom home that I’ve done. 133 Hazelton I’m so proud of, it’s so beautiful. 181 that’s being registered, everyone’s moving in and the construction will be done by the summer. Every development I’ve done to me are like my kids. They’re sort of like my children. Each one is sort of part of the same hand but each fingers sort of different. They’re all unique to me. Each one of them I love and each one of them is so different.

Again it’s my expression it’s my art collaborating with the community, stakeholders, the city, and creating something that you drive by and its beautiful. These are not trendy buildings, they’re really anchored in very deep rooted values. And they’re very current in design and you know they’ve got all the amenities that you want. The One is really going to be it for me. But it’s funny cause I’m going from 6 townhomes in Lytton, and everything in between, so I’m sort of book ending it.

The One Condos Gathering Space

“How are you going to measure the success of The One Condos?”

Homeowners. The measure is how the home owners live in those buildings and how they feel. The success of the building is as successful as the home owners that live in them and how happy they are. How it integrates in the community, provides shelter, and is a place where you make memories. For me that’s what it’s about. How many great memories the home owners have. And the city has. The success will be how the city, the country, the world, views it once it’s complete and if it does everything I believe it’s going to do.

“Any final thoughts you want to leave us with?”

I’m just extremely grateful to be able to do what I’m doing and to be able to build it and develop it. To have gotten it to where we’ve gotten it now and to be able to complete this. It’s an incredible honour. We took very big risks and did things that people thought couldn’t be done. For me couldn’t wasn’t a possibility we’re very lucky that we have an incredible team that supported us and I couldn’t have been happier with the city. You know the city really got behind us and supported this project. For me I’m just extremely grateful and happy that we can now execute this building.

“We hope it’s a huge success. It’s a great opportunity for Toronto as a whole to show the world who we are.”

I agree with you. Amen to that. When I was talking to a lot of people this project is bigger than Toronto, it’s bigger than Canada.  When you think about Toronto architecturally the last thing is the CN tower that was built in the 60’s. That’s what defined Toronto on an international scale. We’ve never had any architectural buildings like other cities have. This will be the first of I hope many to introduce Canada to the international architecture stage. To show the world what structurally engineering wise, design wise can be done in Canada. This is the first super tall 300+ m in Canada & I’m hoping this won’t be the last.

______________

Thank you again Sam Mizrahi for all the insider details. We are so excited to see this project launch and wishing you the very best for The One Condos.

For more information about the project please visit The One Condos

The One Condos – Sam Mizrahi Reveals What Makes this Toronto Condo One of a Kind

The One Condos – Sam Mizrahi Tells Us All the Luxurious Details

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The One Condos – Sam Mizrahi Tells Us All the Luxurious Details https://condonow.com/learn/the-one-condos-sam-mizrahi-interview-part2/ https://condonow.com/learn/the-one-condos-sam-mizrahi-interview-part2/#respond Fri, 19 May 2017 15:42:55 +0000 http://condonowblog.wpengine.com/?p=1527 Sam Mizrahi Interview Part 2 of 3 “Are the floor plans in The One Condos still as customizable as they were when we discussed last time?” 100%. One of the big interesting features of this building is your ability to customize. Luxury to me is measured in units of one. That to me is luxury. …

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The One Condos Sky Garden with Toronto Views

Sam Mizrahi Interview Part 2 of 3

“Are the floor plans in The One Condos still as customizable as they were when we discussed last time?”

100%. One of the big interesting features of this building is your ability to customize. Luxury to me is measured in units of one. That to me is luxury. Regardless of the scale. It doesn’t matter if I’m building a 12 storey like 181 Davenport or 9 like 133 or 128 Hazelton, or we’re building the super tall super structure of what 1 Bloor will be, it’s still going to be a super high end luxury building because we’re measuring it in units of one where you as a home owner will come and be able to custom design your units to exactly the wishes that you want. You want to move things around no problem. There’s no limits of what you can do because of the structural engineering that we’ve done in this building.

“Even the Plumbing?”

Even the plumbing.

“That’s where in a lot of buildings the customization stops.”

Correct and we’ve proven that. If you look at 133 or 128 Hazelton. Every purchaser that went in there, there’s not 2 units that are the same, and the home owners had absolute discretion on where they wanted their kitchens, where they wanted their bathrooms and there’s no limits to it because we’ve done that already in 2 buildings that are done so we know what we’re doing we know how to engineer it.

“Does that bring huge construction headaches?”

You know everyone says that and maybe the answer is yes but the reality is I don’t know any better because I came from custom home building where it was normal to me. So maybe I got acclimatized to it, so for me its just my normal where as for everybody else, it might be such a headache or a nightmare but for us we didn’t know any better. We were never formula builders. So we never looked at it any other way. The way I look at it, no is not an option. Let’s get it done.  If we can’t figure out how to engineer something like this we shouldn’t be in the business of doing it.

“Where will the units fall in terms of price point? Is it similar to what we discussed last time?”

The market is very different. I think you’re going to see price point starting at $1200 a square foot & up from there depending on the height & view.

“Are these going to be smart units?”

Absolutely. These are going to be state of the art smart homes. All the lasts features and technology in them. The apps will work into your IOS system and into your phone.

The One Condos High Class Retail

“So we know this building is different from typical condos, what special features does it have?”

There are so many features in this building that set them apart but a couple of them I can comment on is besides the quality of the build, construction, finishing details that we’re putting in, this is our flagship in terms of finishing details, the luxury, and the quality of the suites. But if we go into the functionality the building has, the amenity space is going to have a rooftop for the penthouse and the sub penthouse. There’re going to have sky gardens, these are going to be backyards in the sky at basically 1005 feet. With swimming pools, private pools, private outdoor fireplaces, winter gardens that are very unique that have never been done before. On the 10th floor there’s a pool deck overlooking Yonge & Bloor which is going to be open 365 days of the year so it’s heated, full snowmelt, open swimming pool with full amenities areas that you can use in January. The pool will be at 100 degrees. It’s creating an environment that’s never been seen before in Toronto in terms of living.

We’re going to have a connection to the underground path with subway access. You can literally go from Toronto Pearson airport to this building without ever being outside, using the new LRT & everything else going in, so that’s very unique.

Full valet for cars, 24 hour concierge, and security. The building is going to have 2 full floors of amenities. From screening rooms to full functioning kitchens and entertainment spaces basically to a state of the art gym, spinning studios, Pilates, high definition golf to billiard to ping pong to sports area for anything you want to do. We sort of took a magic wand and asked for a wish list from purchasers of what they’d want to see in the building and we incorporated it.

The One Condos also gives the ability to go underground and walk into Holt Renfrew or Hudson Bay or anything else. We’re building a sleeve that will connect to future developments in the south. These are all things that the building’s not only built for today but built for the next 100 years of how we see the city growing and the inter connectivity between the underground path and the buildings and transportation and so forth.

And on top of that, one of the other unique features is the retail that’s connected with the residential here in the building. This is going to completely reshape and transform high street retail on Bloor St W. We have a global flagship anchor tenant coming in that’s building a flagship unlike anything that has ever been seen in Canada or North America. There’s very limited number of super flagships that’s being built globally and we are one of the very few.

“You can’t tell us the tenants!”

The anchor tenants are going to do the announcements themselves! We’re probably 90 – 120 days away. I think the city and the country is going to be very proud of what’s going to be put there. We’ve spent a lot of time specifically engineering for our anchors. We’ve actually reversed engineered the building for that in order to have uncontaminated retail space.

“What’s the parking like? How does it work?”

The whole building is valet and we’re doing that for a number of reasons primarily security for the building. We want to control all vehicles any deliveries and cars. As a result we have to inspect and we park it, there’s no one who can self-park. Parking maintenance is built into the maintenance fees if you require a parking spot.

“Considering your interested buyers, it’s likely that these owners may have multiple vehicles.”

There’s a large number that will have cars and a large number who won’t have cars, who are going to be taking the TTC connection because of the fact that we’re connected. Anybody that wants a parking spot will have the availability and of course they’ll have full access. We’re putting stackers in so that each parking spot becomes two. That’s another reason why you can’t self-park.

The One Condos Valet Parking

“Will there be restaurants and nightlife right in the building?”

Yes. Absolutely. We have an incredible hospitality entertainment anchor that’s going to be going in and the nightlife will be again that of an international world class high street of tenant. It’s going to be a mix of restaurants. 6 different ones along with a lobby bar and lounge area. There will be outdoor space as well for entertainment and dining with a rooftop terrace and a patio that’ll be about 41 meters up overlooking the city.

It’s going to be something that Toronto has not seen yet.

“You’ve been building in Yorkville for a long time, how have you seen Yorkville progress in the last 10 years and how do you think The One is going to affect it?”

The neighbourhood has matured and really become more and more what I would call an international neighbourhood in terms of its presence over what I’ve seen in the last ten years. And I think The One is going to be a further catalyst and inspire others to do more of this type of development in the city where we’re looking at it not from a locality or perspective of the neighbourhood but looking at it from a much bigger lens of an international view. And with Toronto becoming really a mosaic of different cultures and the diversity that Toronto has become, we’re like the United Nations in terms of diversity now, and with that comes a lot of culture, a lot of history, a lot of sophistication from many different world class city’s that are now coming into Toronto specifically as we see 100,000 migrants in the GTA every year.

I think what The One Condos is going to do is it’ll inspire, it’ll be the catalyst for many more of these types of formats of retail and residential and how the symbiotic between residential and the retail come together with the pedestrian experience at grade level. Combine that with what Yorkville is about, it’s really just starting to tie it all together. We’re creating a destination similar to what we’ve seen in many other buildings around the world like Rockefeller Centre, Empire State Building, Hearst Tower, The Gherkin in London & many others. And I think Toronto is now at a point where we’re going to start to see this type of architecture and buildings that have form & function.

The One Condos – Sam Mizrahi Reveals What Makes this Toronto Condo One of a Kind

 

The One Condos – Sam Mizrahi Shares Everything He’s Envisioned

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The One Condos – Sam Mizrahi Reveals What Makes this Toronto Condo One of a Kind https://condonow.com/learn/the-one-condos-sam-mizrahi-interview-part1/ https://condonow.com/learn/the-one-condos-sam-mizrahi-interview-part1/#respond Fri, 19 May 2017 14:41:25 +0000 http://condonowblog.wpengine.com/?p=1507 It’s over a year later and a lot has changed for The One Condos since our last exclusive interview. We had the privilege of interviewing Sam Mizrahi again and he gave us all the luxurious details on what is sure to be one of the most iconic residential structures in Toronto.  We’ve learned about the …

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It’s over a year later and a lot has changed for The One Condos since our last exclusive interview. We had the privilege of interviewing Sam Mizrahi again and he gave us all the luxurious details on what is sure to be one of the most iconic residential structures in Toronto.  We’ve learned about the floor plans, the amenities, and the pure luxury of the building. Sam also tells us about the extravagant Yorkville area and what it means to be at One Bloor West.

Part 1 of 3

“So, last time we interviewed you was over a year ago, since then, quite a lot has changed! How is the project coming along?”

Incredibly well. I could not be more grateful with the evolution the building went through because I think we got a better building out of it. We’ve had consultations with the city over 2.5 years, the community associations, and the stake holders. Even what we did with the OMB of settling with the adjacent neighbours, and you know what, when we got to the OMB, there were no appellants. That was because we evolved their concerns and took their concerns to reengineer the building. We got a better building out of it.

“Do you think any other condos built or under construction in Toronto are in the same league as this building?”

You know I can’t say because I don’t have knowledge of every application. I would say this is a very unique building. You know there’s only one and excuse the pun, but there’s really only one building like this. I can’t imagine, even ourselves being able to replicate this anywhere else in the city for a variety of reasons. We have a cost of over a billion dollars in the building just in construction. If you think about that and just do the math, where else in the city could you do the same and be able to support it financially? To build it with the type of anchor tenants you would need and the rent rates you would need and when you start to do all that math, there’s very few places that command that type of price to be able to build a project of that nature and to basically have something that really exceeds all expectations without any compromises. Usually what ends up happening is you end up compromising somewhere in the building. Because of just financial reasons. This building has got 0 compromises in it, like 0. And that’s why it is what it is. And when you build something like this and develop something where you haven’t compromised to any aspect of the building, you really can’t replicate that.

This is our Art. We’re building and we’re putting our heart and soul and our sweat and tears into it to build something that really is one of a kind. It truly is a one of a kind building. And the exoskeleton and the structural engineering of the building and the forming and the finishes and the details that goes into beyond the pedestrian experience of the building. You know we have 31 foot sidewalks all with snow mount heated, there’s going to be a gathering area for festivities like the Christmas tree and water features like fountains and things like that where it’s a gathering place. There’s so many aspects of this building really when I think about it, you know this is Bloor Street, it’s the equivalent of what you’d see us doing on Fifth Avenue in New York or Michigan Ave or London in Knightsbridge. There’s really nowhere else in the city where you can do that. There’s only one Yonge and Bloor there’s only one Bloor street to build something like this architecturally. You know, if someone asked me where’s number 2 of this development, I don’t know? I struggle with it.

“When we last spoke, this One Bloor West Condo was 72 residential floors with 544 units, we understand that you guys have actually reduced that?”

We’re going to be 416 units but based on the marketing and interest we’re probably going to be 380/370 units. But a lot of people are probably going to be combining units from what we’ve seen before and I think we’re probably going to have less than 350 units.

“For the buyers who combine units is it going to be the same deposit structure?”

Same deposit structure. Same in all our buildings: 20% over a year plus 5% on occupancy.

“What’s amazing is that The One Condos has the height and the view.”

You can see all the way to New York. We actually have a drone that went off to show you each view shot. What’s amazing is Yonge & Bloor and where we’re located in the South West Corner. Yonge & Bloor is on the top of Toronto’s topography and going south to the lake, the elevation goes down. Because the lake is at a lower altitude than Yonge & Bloor, it’s almost like you’re putting the building on a pedestal at One Bloor West Toronto. Your view shots, I have to tell you they took my breath away. Every angle the view stretched for like decades.

“What floor do you need to be on for an unobstructed view?”

25 floors for unobstructed views. I couldn’t believe it. We kept going back because I thought something was wrong with the cameras. But it’s right. The reason is our ground floor is 34 feet. Our podium is at 61 metres. Retail 18 foot, amenities 18 feet and then you jump in the residential at 10 feet. We got approved at the OMB for an 82 storey building at 306.6m or 1005 ft but its equivalent to 100 storeys because of the ceiling heights.

The views are just unbelievable. It’s unbelievable. East view you’d have to be higher up in the building but because of the way we’ve angled and done everything, your views are still clear because you’re seeing through the building.

“So with such a tall building, how many elevators are there and are people going to be spending a ton of time in the elevators?”

27 elevating devices in The One Condos, and the core that take you to the residential units out of the 27 are 8. Wait time of less than a minute. We’re using smart technology where the elevators are floating amongst the floors and its destination request. They’re basically destination elevators, so the computers run on the traffic and destination requests and the elevators float in the building. There’s actually no buttons inside the elevator.

“And The One Condo’s Interior Design is by?”

It’s Foster + Partners.

“Who will be managing the building after it’s incorporated? How will you ensure your standards of luxury are maintained?”

We will be running it after it’s built as well to insure that. Who better to run the building afterwards than the person who built it? Because we know every detail. We will run it as long as the condo board wants us to. For sure the first year we’ll be on the board. I think we have an obligation to do it. I’m going to be on the board because I’m owning a unit there. Nobody better than us to ensure that the same value system and quality we have in the building is maintained throughout.

“Does the building have any high performance / environmental features?”

We’re utilizing greenhouse construction and we have undertaken the City of Toronto’s Tier 2 environmental standards which is the highest one they have. So we have everything from a green roof to all the low-VOC in any of the paints and the hardwoods all going into the greenhouse certified methodology. Plus the building is built to the 9001 standards, which is standard for us. All units have their own heat pump units with humidifiers and HEPA filters. This is really going state of the art in terms of air quality air handling systems are going to be second to none, also specifically for our anchor tenants who have a requirement for those types of system. Everything about this building is done in a way that’s really not comparable to anything I’ve seen in Canada. It’s really taking it to the next level in terms of environmental.

The One Condos Interior Day View of Toronto & CN Tower

The One Condos – Sam Mizrahi Tells Us All the Luxurious Details

The One Condos – Sam Mizrahi Shares Everything He’s Envisioned

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Tridel Honoured with Home Builder of the Year Mid/High-Rise at BILD Awards https://condonow.com/learn/bild-awards-2017/ https://condonow.com/learn/bild-awards-2017/#respond Fri, 05 May 2017 20:14:06 +0000 http://condonowblog.wpengine.com/?p=1487 BILD Awards 2017: 900 submitted entries, 51 winning categories, 17 expert judges, and 10 awards for Tridel alone. Once a year, the Building Industry and Land Development Association hosts its annual BILD Awards, bringing together the best of the best developers, architects, and agencies in one room for an exciting night. The suspense is always …

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Tridel Home Builder of the Year, Mid/High-Rise 2017

BILD Awards 2017: 900 submitted entries, 51 winning categories, 17 expert judges, and 10 awards for Tridel alone.

Once a year, the Building Industry and Land Development Association hosts its annual BILD Awards, bringing together the best of the best developers, architects, and agencies in one room for an exciting night. The suspense is always riveting as BILD announces the winners one by one, saving the most respected award, Home Builder of the Year for later in the night.

Why Everyone Wants a BILD AWARD

In the GTA, the BILD Awards is the highest honour recognizing companies for their outstanding accomplishments. Only BILD members can be nominated for the awards and to be a member, companies must follow BILD’s Code of Ethics. This ensures developers follow good principles and carry out a high standard of work.

The BILD Awards brings a company name in new light. With 51 categories such as best logo and best sales team, all companies get a chance to shine and even a nomination holds high standings. This is an amazing opportunity for new companies to gain recognition and renowned companies such as Tridel to continue their dominance.

Tridel Cleans Up

Tridel was awarded in 10 categories! This is a huge accomplishment. Not only did they win the distinguished award of Home Builder of the Year, Mid/High-Rise for the fourth time, but they also won Pinnacle Awards such as Green Builder of the Year, Mid/High-Rise, and Project of the Year, Mid/High-Rise – Aquabella.

Tridel has their development Aquabella to thank for the majority of the awards. This luxurious resort-style condo has it all, picturesque views, waterfront community, delightful amenities, magnificent branding, and plans to achieve LEED® Platinum Status.

Aquabella is the winner of the People’s Choice Award that was voted by the public online! Surely the public was mesmerized by the beautiful design and luxury and impressed by Tridel’s vision.

Andrea DelZotto shares her gratitude for her family and staff as she accepts the BILD Award for Home Builder of the Year Mid/High-Rise for Tridel.

Best Customer Care – Tridel
Best Direct Mail – Aquabella by Tridel
Best Brochure Mid/High-Rise – Aquabella by Tridel
Best Luxury Suite Design – Aquabella by Tridel
Best Sales Office (Large) – Scala by Tridel
Best Design Team – Kelly Harvey Living & Tridel Design Team

Tridel is not planning on slowing down, with upcoming projects such as Bianca Condos, On the Park Condos, and West Village Condos 3, this will be an exciting year as well!

Congratulations to All!

The industry continues to grow with new innovations and breakthroughs. Congratulations to Home Builder of the Year, Low-Rise Winner Mattamy Homes and Lifetime Achievement Award Winner Ab Libfeld.

We thank you for your dedication to growing communities that better Ontario and continually inspiring one another to challenge standards to improve the GTA industry.

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Positive Rejuvenation Coming to Dupont Street https://condonow.com/learn/dupont-street-rejuvenation/ https://condonow.com/learn/dupont-street-rejuvenation/#respond Fri, 21 Apr 2017 21:32:58 +0000 http://condonowblog.wpengine.com/?p=1452 The Dupont Study Area Known for its employment area and rail road tracks, the City of Toronto wants to drastically improve Dupont Street to bring it to its full potential. Developers have taken notice. The area north of Dupont from Ossington Ave to Kendal Avenue was under review as of November 2012 and condos are …

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Dupont Street Developments

The Dupont Study Area

Known for its employment area and rail road tracks, the City of Toronto wants to drastically improve Dupont Street to bring it to its full potential. Developers have taken notice.

The area north of Dupont from Ossington Ave to Kendal Avenue was under review as of November 2012 and condos are finally announcing their debut.

With the astonishing growth of Toronto, Dupont Street brings an exciting opportunity for development. There are currently 6 pre-construction condos & townhome developments coming to the Dupont Regeneration area including 2 from Tridel alone.

Urban Planning

The City of Toronto is planning to transform the Dupont Rail Corridor area into a space that is friendly and stimulating. The environment will be improved for pedestrians as well as creating more green spaces and parks for a family friendly focus. Their vision is focused on catering to the community and creating a place where people can stroll down Dupont Street enjoying the scenery and even a warm summer’s night on a restaurant patio.

A more breathable space starts with park improvements and one of the community initiatives that they are also going to contribute to is the Park People’s Green Line Park. Green Line is a 5km linear park and trail in the Hydro corridor north of the rail corridor. This will be a wonderful contribution to The Annex and Casa Loma neighbourhood to really encourage people to explore their community.

Dupont Condo Guidelines

New developments need to match the character and culture that the City of Toronto is planning to embellish. The Dupont condos are under strict guidance of being midrise condos to blend well with the current aesthetic of the surrounding houses with a max height of approximately 8 storeys. Condos will need to be setback 30 metres from the rail corridor.

Here are the Exciting Developments Coming to Dupont Street

420 Dupont Bianca Condos

Coming to Dupont Street, Tridel lets you choose the perfect suite for you with over 200 unique floor plans! Contrary to Toronto’s recent trends, Bianca Condos at 420 Dupont will have a large amount of incredibly spacious suites 1000 sq.ft. and higher allowing you to grow in your home and claim it as your own.

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328 Dupont Condos

Freed Development is creating 2 towers sharing a 4-storey podium. In total there will be 560 suites as well as retail and office space.

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500 Dupont Condos

Lifetime Developments is teaming up with Core Architects to bring a 9 storey tower with 146 suites.

Stay Informed

524 Dupont Condos

This Toronto pre-construction condo is still in preliminary planning and currently has no renderings.

Never Miss an Update

740 Dupont Condos

Riocan Real Estate Investment Trust is planning to build an 8 storey condo with 122 suites.

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840 Dupont Condos

Tridel is redeveloping the current Sobeys and building a fresh design with 304 suites as well as offices and retail space.

Never Miss an Update

More Dupont Developments Outside of the Study Area

1025 Dupont Dupont Towns

Only 7 freehold urban townhomes will be built by Grid Developments.

Stay Informed

1214 Dupont Condos Galleria Mall Condos 

Elad Canada and Freed Development is envisioning a multi-phase redevelopment of the Galleria Mall that will provide revitalization to the area. Reimagine Galleria’s Master Plan will include 3,416 residential units. new parklands, cycling infrastructure, new retail and office spaces.

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With the astonishing growth of Toronto, Dupont Street brings an exciting opportunity to invest in a community with many revitalization plans, 2 subway stations nearby, and great proximity to the downtown core while still having its own character and charm.

Information based on the City of Toronto’s Legal Documents for Dupont Street Regeneration Study

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Grant claimed a $500 IKEA Gift Card + More in Rewards – BottomLine https://condonow.com/learn/bottomline-rewards-program/ https://condonow.com/learn/bottomline-rewards-program/#respond Thu, 06 Apr 2017 21:17:58 +0000 http://condonowblog.wpengine.com/?p=1388 Congratulations Grant Martin, our most recent BottomLine Rewards Program recipient! Pictured is Grant Martin with his CondoNow Certified Agent Daniel Liu (on the left) and CondoNow CEO Frank Guido (on the right). At CondoNow, it’s very important to us that all our customers receive the best customer service and care from the beginning of their …

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BottomLine Rewards Recipient Grant Martin

Congratulations Grant Martin, our most recent BottomLine Rewards Program recipient!

Pictured is Grant Martin with his CondoNow Certified Agent Daniel Liu (on the left) and CondoNow CEO Frank Guido (on the right).

At CondoNow, it’s very important to us that all our customers receive the best customer service and care from the beginning of their GTA condo search on CondoNow, to their interaction with a CondoNow Agent, and finally, to the finishing touches on their new home.

After meeting Grant and presenting him with his rewards, we asked him how his whole experience went:

“Everything was great. Daniel was a pleasure to work with and Courtney along with the whole CondoNow team were very pleasant. I’m very happy with how the process went and I would absolutely use CondoNow again.” – Grant Martin

Grant was eligible for the $500 IKEA Gift because he purchased a home using a CondoNow Certified Agent. He is also eligible for an additional $3750 in Rewards & Savings.

CondoNow is working with some great companies to help Buyers save on everything from furniture to window coverings to legal fees.

Learn more about the BottomLine Rewards Program and how you can benefit from purchasing, renting, or selling through a CondoNow Certified Agent.

 

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Top Reasons to Live at Bloor Promenade – Islington Terrace 3 https://condonow.com/learn/bloor-promenade/ https://condonow.com/learn/bloor-promenade/#respond Fri, 31 Mar 2017 17:05:55 +0000 http://condonowblog.wpengine.com/?p=1334 This is your third & final chance to live at Tridel’s hot project Bloor Promenade at Islington Terrace. View the Islington Terrace Magazine to see all the exciting things around Bloor Promenade! Here are the Top Reasons to Live at Bloor Promenade: Islington Terrace & Bloorvista have been incredibly successful Developer: Top Toronto condo builder Tridel Steps away …

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This is your third & final chance to live at Tridel’s hot project Bloor Promenade at Islington Terrace.

View the Islington Terrace Magazine to see all the exciting things around Bloor Promenade!

Here are the Top Reasons to Live at Bloor Promenade:

  1. Islington Terrace & Bloorvista have been incredibly successful
  2. Developer: Top Toronto condo builder Tridel
  3. Steps away from Islington TTC Subway Station
  4. Over 50,000 sq.ft. of indoor & outdoor amenities
  5. Wonderful outdoor terraces and greenspaces
  6. 10,000 sq.ft. of ground level retail
  7. Lively & Historic Kingsway Neighbourhood
  8. Endless eateries, shopping, and entertainment all around
  9. Amazing golf courses nearby
  10. 97 Transit Score, 90 Walk Score, 83 Bike Score

Register Now for VIP Access to Bloor Promenade

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In with the New – Spring 2017 Launches https://condonow.com/learn/spring-2017-gta-condos/ https://condonow.com/learn/spring-2017-gta-condos/#respond Sat, 25 Mar 2017 15:08:10 +0000 http://condonowblog.wpengine.com/?p=1265 There are well over 30 GTA Pre-Construction Condos & Townhomes launching and it’s that spring cleaning “out with the old in with the new” mentality that makes Spring Launches highly desirable and so successful. Here are developments from all over Toronto & the GTA that you’re going to want to keep a close eye on. …

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Toronto Lake Shore

There are well over 30 GTA Pre-Construction Condos & Townhomes launching and it’s that spring cleaning “out with the old in with the new” mentality that makes Spring Launches highly desirable and so successful.

Here are developments from all over Toronto & the GTA that you’re going to want to keep a close eye on.

View the projects on CondoNow and Register & Follow to receive updated notifications about the Launch Dates, Floorplans & Pricing, and much more!

Daniels Waterfront Condos Lighthouse East Tower by The Daniels Corporation 

Queens Quay & Lower Jarvis St, Toronto

Here’s another exciting addition to Daniels Waterfront –City of the Arts. Perfect for creative minds, living at the East Tower makes you a part of an inspiring community of arts and culture. The design takes its inspiration from Lake Ontario and brings breathtaking views of the lake. Daniels’ masterplan includes wonderful residential suites, garden plots, outdoor & indoor amenities, retail space, offices, as well as the community environments The Yard and Sugar Beach North.

Daniels is fully transforming this space not only into a place to live but a place to stretch, play, have fun, and grow.

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Bianca Condos by Tridel

Bathurst St & Dupont St, Toronto

Coming to Dupont Street Tridel lets you choose the perfect suite for you with over 200 unique floor plans! Contrary to Toronto’s recent trends, Bianca Condos at 420 Dupont will have a large amount of incredibly spacious suites 1000 sq.ft. and higher allowing you to grow in your home and claim it as your own.

With the astonishing growth of Toronto, Dupont Street brings an exciting opportunity to invest with many revitalization plans, 2 subway stations, and proximity to the downtown core yet still having its own character and charm.

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Artists’ Alley Condos by Lanterra Developments

Dundas St & University Ave, Toronto

Surround yourself with vibrancy and eclectic style in Toronto’s Grange Park neighbourhood. Artists’ Alley Condos is right in the middle of creativity and innovation with OCAD University, the AGO, and the Four Seasons Centre for the Performing Arts all within walking distance. Artists’ Alley Condos will reflect the endless art galleries, high fashion, hip cafes, and trendy boutiques along Queen St W & Dundas St W by creating a pedestrian friendly community, with park space and retail that will contribute to the neighbourhood.

Located by St. Patrick, as well as Osgoode TTC Subway Station, this three tower master plan development, is an impeccable home for young creatives, students, and those who strive off of inspiration.

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The Lofthouse by Grid Developments

Logan Ave & Gerrard St E, Toronto

The Lofthouse really stands apart from other Toronto condos by offering large bedrooms that provide the perfect space.

Right in the mix between Riverdale and Leslieville, The Lofthouse is surrounded by historic character, quaint streets, and delightful culture. Many lovely parks nearby bring residents a place to relax and play such as Withrow Park and Riverdale Park East. A wonderful neighbourhood for those who love Arts & Culture at The Danforth Music Hall, The Opera House, numerous art galleries, and theaters.

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Bloor Promenade Islington Terrace Condos 3 by Tridel

Islington Ave & Bloor St, Toronto

This is the third & final chance to live at Tridel’s Islington Terrace. The community has 50,000 sq ft of amenities indoor and outdoor that are just perfect for families. A Basketball Court, Splash Pool & Children’s Play Zone are just some of the amenities that children can enjoy (as well as adults).

Steps away from Islington TTC Subway Station, Islington Terrace Residents can venture into their neighbourhood and enjoy delicious eateries, shopping, and entertainment all around Etobicoke and Toronto.

Stay Informed

The Plant Condos by Curated Properties & Windmill Development Group 

Dovercourt Rd & Queen St W, Toronto

A rather perfect condo for a spring launch. The Plant Condos is a 10 storey boutique condo that allows and encourages you to live with a green thumb. This Queen Street West Condo brings freshness and clean air to your lifestyle and cut through the busy Toronto streets and concrete surrounding your every move. The Plant lifestyle focuses on self-sustainability, urban agriculture, and local growth. Residents will be part of a community that enjoys greenery and especially food

There are so many exciting and wonderful area amenities for entertainment, parks, culture, and an exciting lifestyle on Queen St W.

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Time & Space Condos 2 by Pemberton Group

Front St E & Lower Sherbourne St, Toronto

Wonderful location, a wide array of floorplans to choose from, and an amazing development team make this condo so desirable. You can enjoy over 67,000 sq.ft. of amenities, a perfect Transit Score of 100/100 and a Walk Score of 99/100!

Neighbouring communities like St. Lawrence Market and The Distillery District bring charm and culture to the area. Toronto’s downtown core all along Front Street is a quick walk away with even more nightlife and entertainment surrounding Time and Space Condos

Stay Informed

The Bluffs Condos by Skale

Kingston Rd & St Clair Ave, Toronto

The Bluffs Condos is as beautiful and striking as the Scarborough Bluffs they reflect. Whether you like to hike, swim, sail, or relax at the beach, living Cliffside at The Bluffs Condos puts all these options in your backyard. Skale Development has joined with RAW architecture and Figure3 to bring you a space that meets your every need. A balance between functionality and modern design leaves neither compromised.

At the intersection of Kington Rd & St Clair Ave E., there are many delicious eateries, shopping, and entertainment all around. The Cliffside neighborhood is quaint and family friendly.

Now Selling! View Floorplans & Pricing Create a free CondoNow Account to view pricing.

M City Condos by Rogers Real Estate Development

Burnamthorpe Rd & Confederation Pkwy, Mississauga

The highly anticipated first condo in this 10 Condo Master-planned community is here! M City will be a wonderful community to live in with amazing amenities and vibrant culture. Award-Winning Interior Design Company Cecconi Simone Inc. will bring high class and luxurious interior design spaces. This first phase will include 784 units with Rogers Smart Home Technology. M City provides a two-acre public parkland that adds to Mississauga’s Downtown21 Master Plan City Redesign.

Intertwined public transit, proximity to SquareOne, awesome family friendly venues, and being right by Mississauga Celebration Square makes M City such an amazing place to be a part of!

View Floorplans & Pricing

YongeParc Condos by Pemberton Group

Yonge St & Hwy 7, Richmond Hill

Living at YongeParc Condos brings you to the perfect location in Richmond Hill. A balance of friendly neighbourhood charm and endless area amenities surrounds you. YongeParc will have a striking design with designer suites that you just cannot wait to call home.

Pemberton’s SkyCity & SkyCity 2 just down the street SOLD OUT quickly from high demand of their quality work and the numerous parks and area amenities.

Register & Follow

You can view the Full List of Spring Condo Launches Here

Don’t forget to Register & Follow to receive notifications on exciting updates and create a free account to view the pricing once available.

Happy Condo Hunting

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Tarion & Why You Cannot Afford to Be Without It https://condonow.com/learn/tarion/ https://condonow.com/learn/tarion/#respond Fri, 03 Mar 2017 21:20:46 +0000 http://condonowblog.wpengine.com/?p=1227 With all the commotion around purchasing a home, it is easy to get lost in the endless amount of paperwork. One piece of document you cannot afford to overlook is your Tarion coverage. There is so much excitement around a pre-construction development that sometimes it’s easy to get blinded from your shiny new investment. It’s …

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With all the commotion around purchasing a home, it is easy to get lost in the endless amount of paperwork. One piece of document you cannot afford to overlook is your Tarion coverage.

There is so much excitement around a pre-construction development that sometimes it’s easy to get blinded from your shiny new investment. It’s brand new with a fresh coat of paint, never before used appliances, and the latest infrastructure.

How can anything go wrong!

Well the truth of the matter is sometimes things do. Without Tarion Warranty, a few hiccups like retouching the walls or an unexpected leak, can cost you a lot of money that you never expected and might not have after just purchasing.

Created in 1976, Tarion is warranty coverage for homeowners on new condominiums and freeholds. It is a contract between purchasers and builders where the primary purpose is to protect homeowners. This warranty covers homeowners up to 7 years from the time of occupancy.

Tarion states their purpose is to:

-Examine homeowner warranty claims
-Resolve warranty disputes amongst builders and homeowners
-Offer deposit and late closing protection for new home buyers
-Prosecute illegal builders

Tarion assists homeowners with the transition into their new home and serves in, ‘Ontario’s public interest by enhancing fairness and building confidence in the new home buying experience’.

If your Builder has Tarion Warranty, you can be protected from the following:

-Unsuitable construction for habitation
-Water penetration through basement or foundation walls
-Defects in the electrical, plumbing, and other systems
-Major Structural Defects
Etc.

However, there are a lot of restrictions and limitations within the warranty. Tarion is extremely strict and will not accept any claim received after the deadline. Many homeowners fail to recall guidelines and as a result cannot claim deficiencies found in their homes (even if it’s the builder’s fault).

To ensure you are taking full advantage of Tarion and its coverage, below is some key information you should know.

Before you move in: Pre-Delivery Inspection or PDI

The PDI is generally done 1-2 weeks prior to closing and is a crucial step in the process of purchasing a pre-construction condominium. The walk through is the first time you will see your home in its finished state. You will need to pay special attention and report any items that are damaged, missing, incomplete and not operating in good condition on the PDI form. Small damages like chipped paint to larger problems such as malfunctioning fixtures need to be reported immediately.

It is critical not to skip this step; if you report a deficiency after your PDI, the damages may not be covered and the repairs will be at your own cost. For example, if you report chipped paint after moving in, Tarion can dispute that the process of moving in as a plausible cause.

After you move in: Warranty Claims

In your first year of moving in, you have two opportunities to file a warranty claim: a 30-Day Form can be submitted during the first 30 days of occupancy and a Year-End Form during the last 30 days of your first year’s possession. Both forms should report any unresolved items from your PDI walk through and any new items that have come up. It is important to remember that you cannot submit multiple forms for your 30-day and Year-End form. Only the first form submitted will be accepted, so it is crucial to ensure all the information on the form is noted and correct.

In your second year of possession, Tarion will cover any items listed under the Two-Year or Major Structural Defect warranty and thankfully, you can submit more than one form! However, after your second year of occupancy, Tarion will only cover major structural defects up to the end of your seventh year of possession. Homeowners need to note that every warranty form covers different items. For example, a deficiency you discover in your second year of occupancy may not be covered under the Two-Year warranty but may have been under the 30-Day or Year-End warranty.

Patience is a virtue when dealing with Tarion. After a warranty claim form is submitted it can take up to 120 days for it to be fixed or resolved. If the problem is still not fixed within the 120 days, you have 30 days to contact Tarion directly and request a conciliation inspection. REMEMBER IT IS YOUR RESPONSIBILITY TO FOLLOW UP WITH YOUR CLAIMS. If a conciliation inspection is not requested within the 30 days, the claim will be considered resolved. Dealing with Tarion can be a headache but looking at damaged items is a bigger eyesore. You want your new condominium to be a good investment and the last thing you want to deal with as a homeowner, is to pay out of your own pocket for pre-existing damages.

Always Research the Builder

It is so important to look into the builder’s warranties and reputation of dealing with major problems so you can rest assured that your new purchase will be in good hands. Reliable builders like Tridel always make sure their residents are taken care of and so a Tridel Condo has Tarion Warranty on every suite.

Be proactive and do your research first.
Visit tarion.com to learn more.

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Staying Sane While Investing in Toronto’s Condos https://condonow.com/learn/staying-sane-investing-condo-toronto/ https://condonow.com/learn/staying-sane-investing-condo-toronto/#respond Fri, 17 Feb 2017 20:08:11 +0000 http://condonowblog.wpengine.com/?p=1205 Are you looking to purchase a new condo in Toronto right now? To put it simply, you aren’t alone. The market is busy these days, and it seems like everyone wants to buy.The shopping process can be stressful, competitive, and exhausting. Here are four tips to help you keep your sanity while you make your way …

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Two people discussing their condo options.

Are you looking to purchase a new condo in Toronto right now? To put it simply, you aren’t alone. The market is busy these days, and it seems like everyone wants to buy.The shopping process can be stressful, competitive, and exhausting. Here are four tips to help you keep your sanity while you make your way through Toronto’s condominium market.

1. Do Your Research Before You Start Looking for Specific Properties

One of the biggest mistakes you can make in shopping for a Toronto condo right now is to start seeing condos and get attached to something without knowing much about the state of the market. The fact is that Toronto’s condo market is very hot right now. With foreign investors taking a new interest in the market and plenty of locals looking to buy as well, condo prices are high—particularly in hot neighborhoods like Yonge-Eglinton or Casa Loma. In other words, you can start looking at the Toronto Life map for the best neighborhoods to live, but don’t get attached to anything until you’ve started researching condo prices in those areas. Depending on what your budget is, it may well render certain parts of the city unaffordable for you.

2. Figure Out Your Budget

Speaking of affordability, it’s incredibly important when it comes to buying a condo in Toronto. Would you rather try to live beyond your means in one of the city’s top neighborhoods or live comfortably in a slightly less sought-after (but still beautiful) area? If you want to keep your sanity, your answer will always be the latter option. Figure out your budget and pair that information with your research on different neighborhoods and prices. If you can’t afford housing in Forest Hill, focus your search elsewhere. You’ll save time and avoid the heartbreak of having to walk away from a dream condo that just happens to be $50 thousand out of your price range.

3. Get an Agent

Yes, there are a lot of resources online right now that can help you find condos in Toronto. Not all of them however also help you find a really good agent. CondoNow has a great resource for viewing and finding an agent that just right for your needs.  A great agent will help you to find a condo that fits your lifestyle, wants and needs, meshes with your budget, and that (hopefully) is close to your optimal location.

Our CondoNow Agents are more tapped into the market than you can hope to be, and will point you toward new listings, or off-the-beaten-path listings, that you might not have known about otherwise. The Agent you get matched with will also be able to stay in the loop on which properties have bids, which can help you strategize on where to make your offers. Of course, you can still do research on your own and send listings to your agent if you want to see a property, but having an agent to steer the process will keep you from falling behind the rest of the buying crowd.

4. Avoid Bidding Wars

When you find a property that you want, the hope is that you can make an offer and win the bid before any other potential buyers get involved. In a situation where there is another interested buyer, though, be sure to think carefully before you dive into a bidding war. The Toronto condo market is a battlefield right now, which might convince you that you need to double down and up your bid if you get challenged over a dream condo. However, the vibrancy of the market also means that new developments are popping up every month and that you can almost surely find another dream condo if you hold out for a little longer. Weighing these options is important since getting into a bidding war could cause you to make the kind of rash or emotional decisions that push people way over their budgets.

Conclusion

Ultimately, your budget should be your one unbreakable rule. Knowing what you can afford and keeping that figure in mind at all times will help you zero in on the right properties. Avoid ill-advised decisions, and come out on the other end of your condo shopping process with your mind and wallet intact. Just be ready for the possibility of disappointments and false starts: in a market this busy, they are next to inevitable.

 

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New Condo Launch… There’s now a new way to buy. https://condonow.com/learn/developer-direct-from-condonow/ https://condonow.com/learn/developer-direct-from-condonow/#respond Wed, 25 Jan 2017 20:58:53 +0000 http://condonowblog.wpengine.com/?p=1181 Developer Direct from CondoNow puts buyers at the front of the line. If you have never purchased a pre-construction condominium in Toronto you may not be aware of the subtle differences that exist in the buying process, especially as it compares to buying resale. Buying a resale condo is pretty straightforward. You search and find …

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Developer Direct from CondoNow puts buyers at the front of the line.

If you have never purchased a pre-construction condominium in Toronto you may not be aware of the subtle differences that exist in the buying process, especially as it compares to buying resale.

Buying a resale condo is pretty straightforward. You search and find a suite you like, make an appointment to see it, put in an offer and if accepted, the sale is complete.

With pre-construction, the process is a little different.

Firstly, with a pre-construction condo, to buy at its launch you have to work with a licensed real estate agent to initiate a purchase.

Today however, you now have an additional choice, the option to buy direct from the developer, which, until now was only offered well after a project’s initial launch.

An important secondary variable to understand as part of this process is something known in the industry as suite ALLOCATION.

Before you are given the chance to buy a suite in a pre-construction condo, you must first ASK the developer for the

PRIVILEGE

to buy your suite of choice. This is done via the submission of a form called a worksheet, done as soon as the floor plans and pricing are made available, usually lasting 1-2 weeks.

Once worksheet submissions are closed, the developer then reviews all the worksheets submitted and grants permission to those they feel worthy to buy the units requested.  In other words providing ALLOCATION, at which time the chosen buyers can then move forward with the purchase.

But here’s the catch.  With the old “agent only” process the allocation of units is heavily PRIORITIZED.

Developers don’t do unit allocations on a first come first serve basis. Many consumers end up being the first to submit a worksheet and the last to receive an allocation. Meaning they will not get the suite they want, at the price they want.

How the allocation process actually works is that developers give privileged or first allocation to a select group of the top selling condo real estate agents in the city, often known as platinum agents.

The problem with this process is that it limits true choice for the consumer.

With true choice to be valid, there needs to be a 2nd option available.

Developer Direct, from CondoNow allows the consumer to buy direct from the developer, at launch, with an even higher allocation priority then that of Platinum agents. Placing you at the true front of the line for suite allocations.

With this priority allocation now available at the consumer level, not just the agent level, the consumer is now put back on an even playing field avoiding the previous roadblocks of privilege and preference.

The difference now, whether a consumer chooses to work direct with the developer or an agent, true choice is now back at their disposal.

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