BANK OF CANADA CUTS RATE AGAIN

On July 15, 2015, the Bank of Canada reduced its overnight lending rate to 0.5 per cent from 0.75 per cent. As money lenders typically follow the Bank of Canada, we are likely to see a lowering of mortgage interest rates again. In fact, Toronto-Dominion Bank was first out of the gate, cutting its prime rate by 10 basis points to 2.75 per cent.

Opinions among experts differ, but I see this as yet another boon to the new home real estate industry. With mortgage money even cheaper, the demand for homes may exceed supply, and prices will increase. With the average new home prices in the GTA already at an all-time high, the lower rates will make it possible for more first-time buyers to live their dream of home ownership. In addition, the opportunities for investing are phenomenal.

Through it all, condominiums are sure to remain the popular choice for the spectrum of the buying public looking for a great return-on-demand. The recent Bank of Canada move fuels that trend, and we have continued stability to look forward to.

EAST UNITED TORONTO CONDOS HOT ON THE MARKET

East United

East United

After almost two months on the market, East United Toronto Condos, located at Berkeley and King in Downtown East, is on fire. NOW is the time to register for this incredible condominium that is literally a walker’s and biker’s dream. Sales are soaring at this condo, where residents can consider owning a vehicle an option rather than a necessity. This address earns a Walk Score of 97, a Transit Score of 100 and a Bike Score of 90! The Financial District, major hospitals, Entertainment District, St. Lawrence Market, Corktown, Distillery District, subway and lake are all just a stroll away from this Old Toronto neighbourhood.

Developed by SigNature Communities, Berkshire Axis Development and Andiel Homes, stylish East United Condos will inject new architectural life into the area on an L-shaped property that is currently home to century homes, a historic former stable and the original Christie’s Cookies Bakery. Ideal for people of all ages and lifestyles, the condominium will offer a variety of suite sizes and configurations, as well as luxurious and innovative building amenities.

Award-winning SigNature Communities has been building throughout Canada, the U.S. and Caribbean for more than 30 years. This forward-thinking company is dedicated to environmentally responsible design and construction, as well as bold and distinctive architecture. Both of these commitments are served well at East United Toronto Condos. Register TODAY at www.signaturecommunities.ca.

KING BLUE BY GREENLAND NOW UNDER CONSTRUCTION

The landmark corner of King Street West and Blue Jays Way in downtown Toronto is taking on a whole new character, as KING BLUE BY GREENLAND is now under construction. This condominium has been a tremendous success, with buyers appreciating the benefits of living at this phenomenal location. Greenland Holding Group Co.’s residence will occupy a full acre at this significant intersection, where the surroundings buzz with world-class amenities. Live close to the Financial and Entertainment Districts in an area that pulses with exciting life.

And how about a 100% Walk Score? You can literally walk to just about everything from this location, including bus and subway stops, theatres, nightlife, restaurants, shopping, galleries, and even sports games between major teams.

The two towers that make up KING BLUE BY GREENLAND will rise to 44 and 48 storeys, with a striking exterior by Page + Steele/IBI Group Architect that incorporates the historic Westinghouse factory building. Interiors are by Munge Leung. From the chic lobby to the landscaped rooftop terrace and pool, the amenities are incredible. Among the elements that distinguish KING BLUE BY GREENLAND is the fact that it will house Theatre Museum Canada, which will feature exhibits and educational programs.

Prices for the beautifully appointed suites start from the low $300’s. For more information and to register for updates, visit kingbluecondos.com.

CANARY DISTRICT COMMUNITY COMING TO LIFE WITH PAN AM/PARA PAN GAMES

Canary Park Condominiums and Townhomes

Canary Park Condominiums + Townhomes

The countdown is on to the eagerly awaited Pan Am/Para Pan Games in Toronto, a driving force in the city’s summer excitement. In the June 16th Toronto Star, acclaimed architecture critic Christopher Hume praised the Athletes Village as a model of Canadian urbanism in the West Don Lands and the developer, Dundee Kilmer, for its “architectural aplomb” in creating a memorable neighbourhood. Once the games are over, their spirit will live on in the condominiums, facilities and public realm of Canary District, BILD’s 2014 Community of the Year.

Dundee Kilmer’s theme for the pedestrian-friendly community is health and wellness, and it gives new meaning to the phrase “live, work and play.” The neighbourhood features wide tree-lined walkways connecting a YMCA, George Brown College student residences, retail stores, cafés, restaurants and recreational services. Residents can also stroll to the shops and galleries of the recently restored Distillery District urban village.

Currently, Dundee Kilmer is selling Canary Park Condominiums + Townhomes, a mid-rise residence facing the new 18-acre Corktown Commons Park, which features a playground, amphitheatre, splash pad, pavilion and hundreds of trees. The residence is also situated where the new Front Street Promenade begins.

This is truly the opportunity of a lifetime. NOW is the time to explore your residential choices. The new Presentation Centre is located at 9 Mill Street, between Parliament and Cherry Streets. Visit www.canarydistrict.com or call 416-603-7576.

MORTGAGE INTEREST RATES STILL UNBELIEVABLY LOW!

Anyone thinking of entering the new home marketplace, moving up or right-sizing should really be thinking “sooner rather than later.” It is absolutely incredible that rates are still so historically low. This situation represents amazing savings for borrowing. Over the course of your amortization, even a fraction of a percentage point translates to thousands and thousands of dollars!

Canada is also one of the world’s largest energy consumers, and savvy home buyers and homeowners are placing the dollars they save with our low oil prices into savings programs. They are also continuing to practice vehicle fuel use reduction strategies such as keeping idling to a minimum and using air conditioning as little as possible.

When it comes to mortgage interest rates and oil prices, we all know that what comes down will eventually go up, so take advantage of these low rates now, while you still can.

CONSTRUCTION TO BEGIN ON 2221 YONGE

2221 Yonge

2221 Yonge

Recently, we had to move out of our beautiful presentation gallery at 2221 Yonge to make way for the onset of construction. What a phenomenal opportunity this condominium offers at the significant intersection of Toronto’s Yonge and Eglinton. Twelve new floors have been released, and for a limited time, Tower Hill Developments is offering free maintenance for one or two years and an extended deposit program (see a sales representative for full details). Current owners and new purchasers all now have the opportunity to purchase parking as well.

Suites in this stunning condominium are named for well-known cities around the world, which is appropriate, as the design team features internationally renowned firms. For starters, there is Manhattan-based Pei Partnership Architects, which is collaborating with Toronto’s Quadrangle Architects for the outstanding terraced exterior. The Pei Partnership founders’ father, I.M. Pei, was the architect for the iconic Commerce Court West, South and East buildings in the Financial District, and of course, he is well known for having designed the pyramid at the Louvre in Paris. Munge Leung has designed the gorgeous interiors at 2221 Yonge, which include fabulous amenities in the 56th floor lounge called “Halo.”

Savvy buyers range from those who love architecture and see the amazing changes taking place at this iconic corner, to investors who know the future value the crosstown LRT will bring to this midtown Toronto neighbourhood. For more information, visit the new presentation gallery located at 2081 Yonge Street at Manor Road East. For hours, check out the website at 2221yonge.com or call 647-350-2221.

CONSTRUCTION BEGINNING ON THE UPPER HOUSE CONDOS IN LEASIDE

The Upper House

The Upper House

Discover a new release of two-bedroom suites priced from $439,990 at The Upper House Condos in Leaside. Knightstone Capital Management Inc.’s boutique residence at 2 Laird Drive is so successful that construction is set to begin on these suites and townhomes nestled into one of Toronto’s most sought after neighbourhoods. There is a certain cachet that comes with living in Leaside, which is close to everything from great shopping to gorgeous parks and a recreation centre. Both TTC and highway access are close by as well.

The lovely amenities in this landscaped condominium include a party room, which features a catering kitchen, dining area, lounge seating, fireplace and large-screen TV, and which opens onto an outdoor patio garden. Residents will also have the rooftop terrace for barbecuing, dining alfresco or simply relaxing amid scenic views. Owners will also enjoy a gas line on their balconies for private barbecues, just like in the back yard! Suite owners will appreciate having a fitness studio and dog spa available as well.

The Upper House Condos will feature Restoration Hardware furnishings in the lobby and other amenities. The entire condominium will have a “house” feel to it, which appeals to empty-nesters.

Well-respected Knightstone (K-cap.com) has an extensive portfolio of fine real estate properties throughout Ontario. Visit The Upper House Presentation Centre at 25 Malcolm Road; call 416-425-1800; or register at TheUpperHouseCondos.com.

CONDO SALES STEADY IN Q1

The RealNet Canada Inc. GTA statistics are out for March and the first quarter of 2015, and condominium sales continue at a steady rate. The average price of a high-rise home has grown to $450,133, which is up 3 per cent from March 2014, but is still incredibly lower than the new average price of low-rise homes, which has reached an astounding record high of $738,731. That’s a $288,598 difference!

In the news release from BILD, president and CEO Bryan Tuckey cites the supply-and-demand phenomenon as the reason for soaring low-rise prices. There simply are not enough ground-related homes available to satisfy the market, which means new condominium development is critical across Toronto and the surrounding 905 areas to keep the supply of new homes healthy.

And no wonder so many new home buyers across the GTA choose condominiums for their residential and real estate investment needs. Price is only one factor. By virtue of their make-up, with maintenance, repair and upkeep of common elements being handled for residents, condominiums free up valuable time to enjoy family, friends and the beautiful amenities in their building.

Prices will continue to rise, so anyone thinking of entering the new home marketplace will want to explore condominium choices sooner rather than later. It is likely the best investment you’ll ever make in your personal and financial futures.

VIVA VIDA!

Vida Condos Rendering

Vida Condos

Baker Real Estate Incorporated is delighted to handle the launch of sales at Vida Condominiums at Bayview Village, Castle Group Developments’ brand new residence situated next to the subway and across from fabulous Bayview Village shopping centre! Interest in this condominium is overwhelming, with urban sophisticates thrilled at the prospect of living out Castle Group’s motto “Live Life Connected.”

Imagine being able to stroll to Bayview Village for a jolt of caffeine at an espresso bar, fine dining at Il Fornello or Origin North Restaurant & Bar, or to shop for fashion choices for the entire family. This is definitely the “haute” lifestyle.

And can you believe that prices at Vida will begin from $199,990? It is incredible for such a coveted address created by a prestigious, award-winning developer. In the past, Castle Group has been recognized by BILD with Best Building Design, Best Suite Design under 750 sq. ft. and Best Suite Design over 1,500 sq. ft. The company’s highly creative development team is proud to meet and exceed today’s savvy condominium buyers’ expectations.

For more information and to register for this phenomenal opportunity, visit VidaCondos.com.

LIVE LIFE CONNECTED AT VIDA

Vida Rendering

Vida

When the subway is next door and Bayview Village is only steps away, the address is Vida. We’re thrilled to introduce Vida by Castle Group Developments, a luxury condominium located at Bayview and Sheppard Avenues.

The Vida address is as convenient as it is prestigious. Residents will be able to step out their front door and into one of the city’s most upscale shopping destinations at Bayview Village, which offers more than 100 luxury retailers, gourmet grocers, restaurants and cafes. Yonge Street is only a five minute walk away and offers a variety of culture and entertainment options with the Art Gallery of North York, Toronto Centre for the Arts and movie theatres. Nearby hospitals include Sunnybrook and North York General.

For those seeking an invigorating respite from shopping, there’s a plethora of nearby parks and scenic walking trails, including Rean Park, Hawksbury Park and Bayview Village Park.

Vida Entrance

Vida Entrance

The close proximity to transit makes commuting a breeze with the Sheppard subway line steps away along with access to the 401 and the Don Valley/404.

Vida’s stunning and urban architecture by HCA Architecture features a whimsical façade, lush landscaping and a dramatic arched entranceway.  Amenities take urban living to the next level with a Wi-Fi lobby lounge, party room, outdoor dining and BBQ area, fitness centre, sports bar and retail shops and services on the main floor.

Suites at Vida feature expansive windows and layouts, gourmet chef kitchens with fine-crafted cabinetry, lavish bathrooms with imported ceramic tiles and opulent suites with spacious closets. In a 3, 6 and 8-storey steeped design, Vida offers suites in studio, one bedroom, one plus den, two bedroom, two plus den, two bedroom plus flex and 3 bedroom layouts. Sizes range from 322 to 1,600 sq. feet. Prices start at $199,990 to $1 million.

For more information on Vida, register at vidacondos.com

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