Howard Bogach is president and CEO of Tarion Warranty Corp., a private corporation established in 1976 to protect the rights of new home buyers and to regulate new home builders. His following article was published in the Toronto Sun. "For the past few years, I've watched a condo tower being built from the ground up right outside my office window.I witnessed trades people working with concrete, steel, wood and glass through cold, heat, snow and rain. I’ve watched this 42-storey condo building go all the way up — floor by floor — and now people have begun to call it home. Even though the one ...
Who Inspects New Condo Construction?
March 24, 2015New Toronto Condos Toronto Condo News Toronto Condo Buyers New Construction Projects Toronto Condo Information New Toronto Lofts First-Time Buyers
Condo Buyers Play the Waiting Game
March 23, 2015Toronto Condo Market News Toronto Real Estate News Toronto Condo News Toronto Condo Buyers Toronto Condo Sellers Toronto News First-Time Buyers
"For many professionals in Toronto and other booming Canadian markets, a condo is the only option if they want to buy. Houses are out of reach. As Toronto mortgage agent Matt McKillen with Mortgage Architects noted, the gap between buying a condo and a detached or semi-detached house in comparably desirable neighbourhoods has widened to $300,000 and more. As a result, many of his clients are moving from one condo to another, building their home equity, rather than the traditional route of moving from a condo to a house. While it is easy to over-generalize about home-buyer demographics, there are ...
Art Shoppe Condos - VIP Sales Underway
March 13, 2015Midtown Toronto Condos New Toronto Condos Toronto Condo Listings Toronto Lofts VIP Broker Events Investing in Real Estate Toronto Condo Buyers New Construction Projects First-Time Buyers
VIP Broker Sales are underway for one of Toronto's most highly anticipated projects in midtown Toronto, the Art Shoppe Condos + Lofts. This project will be Yonge & Eglinton's flagship development of the future. With the Crosstown LRT expected to arrive in 2020, this area is expected to become a major transportation hub in Toronto. The Art Shoppe Condos + Lofts will sit on Toronto's historical Art Shoppe Furniture store which has been Canada's largest home furnishing store since 1936. In order to preserve this iconic site, Freed Developments is taking all the steps necessary to make this a world class ...
Art Shoppe Condos + Lofts - VIP Broker Sales
March 4, 2015Midtown Toronto Condos New Toronto Condos Toronto Condo Listings Toronto Lofts VIP Broker Events Investing in Real Estate Toronto Condo Buyers New Construction Projects New Toronto Lofts First-Time Buyers
Freed Developments will be holding a VIP Broker Sales Event coming very soon, for one of Toronto's most highly anticipated projects in midtown Toronto, the Art Shoppe Condos + Lofts. This project will be Yonge & Eglinton's flagship development of the future. With the Crosstown LRT expected to arrive in 2020, this area is expected to become a major transportation hub in Toronto. The Art Shoppe Condos + Lofts will sit on Toronto's historical Art Shoppe Furniture store which has been Canada's largest home furnishing store since 1936. In order to preserve this iconic site, Freed Developments is taking all the ...
Fashion Icon Karl Lagerfeld to Design Lobbies at the Art Shoppe Condos - VIP Sales Starting Soon
February 23, 2015Midtown Toronto Condos New Toronto Condos Toronto Condo Listings Toronto Lofts VIP Broker Events Investing in Real Estate Toronto Condo Buyers New Construction Projects New Toronto Lofts First-Time Buyers
"World famous fashion design icon Karl Lagerfeld is coming to a lobby near you. Actually, it will be two lobbies — both serving the same project: Art Shoppe Condos and Lofts on Yonge St., just south of Eglinton Ave (located at 2131 Yonge St). It’s the first Canadian building initiative to be guided by the celebrity creative director of global design brands Chanel and Fendi, and his namesake Karl Lagerfeld label. Lagerfeld, who was born in 1938, has created interior design projects around the world. His portfolio also includes work as a photographer, illustrator and film director. “What ...
Who is in Charge, the Condo Board or the Property Manager?
January 30, 2015
"The Condominium Act of Ontario clearly states that the board of directors shall manage the affairs of the corporation. The manager’s job is to complete all the duties set out in the management contract. There is no standard contract, as each corporation requires different duties according to size and type of property. Under no circumstances should the board delegate its decision-making functions to the management company. Managers are hired by the corporation for their valuable experience, knowledge and professional advice. Their job is to make recommendations to the board and then carry out the board’s final decisions. Directors are responsible ...
CityLights on Broadway - VIP Broker Sales Event
January 27, 2015First-Time Buyers Investing in Real Estate Midtown Toronto Condos New Construction Projects New Toronto Condos Toronto Condo Buyers Toronto Condo Listings VIP Broker Events
The Pemberton Group has a new development coming soon to the vibrant Yonge and Eglinton neighbourhood, in Midtown Toronto. Located at 99 Broadway Ave, the Citylights on Broadway Condos will consist of two 37 storey towers (392 suites in the north tower and 496 suites in the south tower), with a 6 storey podium (the amenities will be spread out over 3 levels of the podium). This project is conveniently located with a 93 Walk Score, and an 87 Transit Score. I'd like you to be the first to know about a limited time VIP Broker Sales Event, for one of Toronto's hottest new projects ...
Condo Buyers Should Always Review the Status Certificate
January 26, 2015Toronto Condo News Toronto Condo Buyers Toronto Condo Information Real Estate Tips First-Time Buyers
"Condo ownership has some unique characteristics you should know about before you start your search. And, unlike a house, condos usually have rules restricting the size and types of pets, noise, balcony/patio furniture, decorations and even drapes or flooring material. Find out what’s allowed and what’s not, and be comfortable with those rules when considering a purchase. Another unique aspect of condos is a document called the status certificate with important information about the condo corporation and the specific unit you are interested in. The condo corporation must provide it to you (for a fee of up to $100) when ...
Mortgage Rates to Decline Following Bank of Canada Rate Cut
January 21, 2015Market Reports Toronto Condo Market News Toronto Real Estate News Toronto Condo News Investing in Real Estate Toronto Condo Buyers Toronto News First-Time Buyers Mortgages
"Canadian homeowners have likely gained a reprieve from an expected increase in mortgage rates this year. Economists say rates will dip slightly in response to the Bank of Canada's surprise move Wednesday to cut its trend-setting interest rate to 0.75 per cent, from one per cent, to soften the blow of dropping oil prices on the Canadian economy. "This signals that low interest rates will be with us a while longer," said Avery Shenfeld, the chief economist at CIBC World Markets, noting that the central bank's rate cut will likely mean a corresponding 0.25 drop in variable, or floating, mortgage ...
Price Gap Between Toronto Homes, Condos Hits Record High
January 20, 2015Market Reports Toronto Condo Market News Toronto Real Estate News New Toronto Condos Toronto Condo News Toronto Lofts Investing in Real Estate Toronto Condo Buyers Toronto News Toronto Condo Information New Toronto Lofts First-Time Buyers
"The growing price gap between condominiums and houses hit a record high last year in the Toronto area, as the market saw a huge jump in the number of newly built condos and buyers battled over a persistent shortage of houses. The average price of a low-rise home in the Toronto area hit $705,813 in 2014, up 8 per cent from the year before, while the average price of a high-rise unit rose just 4 per cent to $454,476, according to new data from real estate research firm RealNet Canada Inc. and the Building Industry and Land Development Association. The ...