Wednesday, 19 February 2014

Riverhouse Condo Development by Lanterra Developments

Riverhouse Condo: At The Old Mill Developed by Lanterra Developments

Riverhouse Condo: At The Old Mill

Riverhouse Condo is a ultra luxury project being developed by Lanterra Developments in the Old Mill Community on the Humber River. It will be a super premium condo in one of the most prestigious Toronto Neighbourhoods. The prices will start from the low $500,000 and roll up to and then over $1.7 million dollars.

This project is schduled for completion in 2013

Other Etobicoke Projects that are worth looking into:

Two Old Mill

Two Old Mill Condos are now under construction. These suites are built large for the executive looking for the suburban retreat, yet not too suburban. Located near the Bloor Danforth Line, and Bloor West Village, the city will beacon you at all times.

NXT Condos - Windermere by the Lake

This Condo project is being developed by Cresford. There are only a few units remaining in the complex. The project is located at the Humber Bay shores in South Etobicoke.
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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