Friday, 21 February 2014

Pace Condos by Great Gulf Homes in the Dundas and Jarvis Area

Development Name:  Pace Condominiums 
Development Address : Dundas St E  Jarvis
Development Type : Highrise - Tower - Skyscraper
Number of Floors:   42 Floors 
Developer:  Great Gulf Homes 
Architect :  DSAI
Rendering : If Available 
Location:  Downtown East 

Condos that have a million-dollar condo view comes with a hidden price tag as degrading windows in older buildings are expected to trigger a major wave of replacements which could cost owners upwards of $100,000, a university professor says. “Window walls have already been around in their current form for 20 to 30 years and we expect that they will have a 30- to 35-year lifespan,” says University of Waterloo professor John Straube, who divides his time between the civil engineering and architecture departments.

Read the Story Here

New Trends in Condo Buying Emerging in the Toronto Area

 A few new trends to watch out for in the Toronto area when it comes to buying homes as well as buying condos. When it comes to buying homes, the latest tactic is to put a property which had previously been listed on the MLS system, on a bidding site, or list through an auction house to get buyers, sending the price of single detached homes soaring.

 As for condos the latest buying technique is the new trend with regards to micro housing, or micro condo living. And we’re seeing now, specifically designed condos to meet that purpose. Another new trend to look out for is the lack of supply in the purpose built rental housing market in Toronto. Even as new condos come online there remains a shortage of apartments built specific to that purpose, so condo rentals have increased even as vacancy climbs, rentals rates do as well.

 Busy Condo Market Boosts Toronto Home Sales 

With fewer homes in the detached category available in Toronto, new home buyers seem to be opting for new condos, with sales heading forward at a rocket pace last month. Sales of Existing Homes in the Toronto area moved up by a whopping 2.1% in February 2014, and that is compared to the same time period last year. That was mainly due to a 12.5% increase in the sales of condos within the city so stated by the Toronto Real Estate Board. That will contrasts with the sales declines that occurred in townhomes, detached and semi-detached housing during the month, which was mainly due to a constrained supply of those housing types.

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