Great Incentives at VIVID Condominiums

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Typically, clients want to know where interest rates are heading, how will the rates affect the real estate market, and what do all these things mean to them.

The fundamentals to protect yourself from fluctuations and choosing a wise real estate investment strategy remain the same whether you are strictly a homeowner or a savvy real estate investor. It’s noteworthy to mention that there are numerous factors that affect the real estate market; interest rates are just one aspect.  Simply put, as interest rates increase, they create a downward pressure on the housing prices, and lower rates allow prices to grow. The ripple effects are several: lower rates mean lower monthly payments, so purchasing becomes accessible to more people due to affordability.  This increases the demand for housing.  Furthermore, lower rates allow consumers to spend more and stimulate the economy which nudges housing prices upwards as well.  In the reverse situation, as interest rates increase, qualifying for a mortgage becomes difficult for more people, the money for extra spending decreases, thereby placing a downward pressure on the real estate market. Today’s historically low rates likely mean that they have only one place to go but up.  However, nobody has a crystal ball as to where rates will go, how quickly they’ll change, and how they will work in tandem with all the other factors that affect the real estate market.  Assuming that rising rates will automatically decrease the market may be inaccurate as other factors such as inflation, population growth/immigration, infrastructure expansion all have a direct impact on pricing as well. Regardless of where the market is heading, it would be prudent to take into consideration a higher monthly payment to protect yourself from a fluctuation in the rates.  What you want to avoid is a short term outlook

There are several risks that need to be managed. If you’re a renter considering buying because the differential between renting and the cost of a mortgage is small, or an investor noticing they can “break even” on a rental property, the pre-caution to take is to budget for a higher rate (and monthly payment) so that if rates do jump, you will not feel the burden or shock; not to mention the principal mortgage reduction on the way. Often times it is easy to speculate, over extend yourself, and just get by with today’s low payments. If this describes your situation, I’d urge you to seek alternatives and safeguard yourself from possible interest rate hikes.

Nobody can predict with 100% certainty when rates will increase or decrease but there are options available that will suit your specific situation. 

Disclaimer: The opinions expressed herein belong to Michael Yosher and do not reflect the opinions of Scotiabank, or any of its affiliates/subsidiaries. For professional advice, please consult your local mortgage professional.

Google has put together a great illustration of the process while focusing on how environmentally friendly their systems are. Check out the video below and visit http://www.google.com/green/storyofsend for an interactive illustration. It’s certainly worth it.

Number of New Listings in the GTA – Two Week Comparisons

Average Prices of New Listings in the GTA – Two Week Comparisons

Most Expensive Cities

Based on Average Prices of All Active Listings for Cities With Minimum 50 Listings

Most Expensive Neighbourhoods

Based on Average Prices of All Active Listings for Neighbourhoods With Minimum 25 Listings

“Churchill Meadows” Active Listings by Major House Type

Search All GTA’s Residential Listings

 * The data here is for information purposes only, TheRedPin.com does not guarantee the accuracy of the data

The only rule is that the vanity has to be able to float away from side walls…other than that…the sky is the limit! below are a few examples I found.

If you are inspired by this bathroom..you can have the vanity below...

This vanity from Restoration hardware is a classic design which will give you that 'euro' look

This contemporary design is custom made and fitted for this particular bathroom, the one below is appropriate if you are inspired by this bathroom.

This contemporary design from Paradise bathrooms is functional and attractive

Stainless steel vanity from Restoration Hardware..I love it for the industrial vintage look.

This double vanity is painted in the latest trendy colour, looking handsome and elegant for a bathroom which is grown up and casual.

This white vanity is built with legs which give it a furniture look...it is great for small spaces providing ample storage with the drawers on either side of the doors.

This interesting design is from Rona...even your local building store carries these items..check it out!

Another Rona vanity..this one is very nice for most contemporary and clean looks which are popular these days.

Now this one can be a feature in a powder room...very interesting from Paradise bathrooms.

This design is perfect for a vey tiny space...lots of style and creative storage.

Bathroom design is second to Kitchen design in the determination of the value and interest your home will hold…there are many options for you to leave all the excuses behind. Be creative and get that bathroom designed with some pizazz.

Images from restorationhardware, prestigebathrooms, rona and google.

Check that, it’s a take it or leave it type of market if buyers miss out on the early phase of each project. According to the NY Times, brokers say “the biggest factor in how much a developer is willing to negotiate is the number of units already in contract”

At a micro level this is in fact a great case study for Toronto as it demonstrates that in the new home industry, timing is key regardless of the market conditions. Here at TheRedPin, we often advise clients who are looking for an investment property to look into the city’s VIP condo market and use our relationship with the builders to purchase units prior to the rest of the public.

“You want to kick-start the project, and getting that first buyer can be a challenge, since no one wants to make the first move, so you may offer some incentives” says one developer

..meaning if you are eyeing a new condominium where majority of the units have already been sold, you are less likely to be able to negotiate any type of incentive from the builders.

“Now that the project is 75 percent sold,” says another developer, “we are almost not negotiating anything, but to get up to around 25 percent we were flexible on price and transfer taxes.”

Yes, whether you are in New York or Toronto. Timing is a critical part of your decision.

]]> http://www.theredpin.com/blog/canada/nycs-new-home-market-is-a-great-case-study-for-toronto/feed 0 http://www.theredpin.com/blog/condo-deals/xpression-condominiums-vip-opportunity http://www.theredpin.com/blog/condo-deals/xpression-condominiums-vip-opportunity#comments Sat, 12 May 2012 22:56:42 +0000 TheRedPin Team http://www.theredpin.com/blog/?p=24261 VIP Access to

“Introducing Xpression Condos. Located right on Yonge in Richmond Hill, it’s an expression of modern living. Unlike anything else in the area, Xpression Condos is for the cosmopolitan maven. From design and architecture to location and amenities, Xpression Condos raises the bar on condominium living in Richmond Hill.”

Register for VIP Opportunity to Xpression. Get the best selection of units at the lowest prices

Floors: 15

Units: 450

MLS® District: N03

Builder: Zancor Homes Ltd.

City: Richmond Hill

Location:

Xpression condos is located at 9612 Yonge Street in Richmond Hill, close to Hillcrest Mall. Here are some of the local amenities to give you a big picture of the location:

Grocery: Metro Supermarkets, Convenient Plus

Pharmacy:  Shoppers Drug Mart, A&W Pharmacy, Pharma Plus

Banks: RBC, TD, Scotia Bank

Gas: Esso

As mentioned, the property covers about 35,000 sqft, has 12 bedrooms (so the new owners can sleep in a new room every month of the year), 15 bathrooms (so the new owners can use a new bathroom every 24 days), nine car garage (so the new owners can…..), a couple of kitchens and a huge staff quarter for over 10 people. There is also a ballroom, and a jogging track.

This is probably the world’s most expensive house. What do you think?

source: National Post, Upscale Hype, Virtual Globe Trotting

Waterways condominiums Etobicoke is brought to you by the Conservatory Group who also brought you Infinity, Milan, Mirage, Pearl, and Ruby. Waterways is located by lake Ontario and will feature two buildings, a 16 storey building, and a taller 50 storey condominium.

Don’t Forget about TheRedPin Rebate: get 25% of our commission back upon purchase

Location:

Waterways Condos is located at 2143 Lake Shore Boulevard West. The location is right by the water with lots of local amenities including:

Grocery: Hasty Market, Sobeys, Marina’s Fine Foods, Queensway Convenience

Banks: BMO, TD, RBC

Gas: Esso, Shell

Pharmacy: Akron Pharmacy, Royal Pharmacy, Shoppers Drug Mart, Kassel’s Pharmacy