1 Bedroom Condo For Sale In Luxurious 5 Star Building In Toronto

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1 Bedroom Condo

•  1 bath , 1 bdrm apartment – FOR SALE  CAD599,900 . Luxurious 5 Star Building
MLS® 4602048

Luxurious 5 Star Building In Toronto’s Most Sought-After Neighbourhood!

1 Bedroom Unit With 9 Ft’ Floor To Ceiling Windows And Fantastic Balcony! European Designed Kitchen!

State Of The Art Amenities: Fully Equipped Gym, Rooftop Lounge, Outdoor Infinity Pool, Huge Lobby, 24/7 Concierge.

Steps To Bloor & Yonge, Fine Dining & 2 Subway Lines, Yorkville, University Of Toronto, Ryerson.

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2 Bedroom Condo For Sale In Amazing Location In Toronto

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Rare Find!

•  2 bath , 2 bdrm apartment – FOR RENT  CAD3,394 ML . 2 Bedroom Condo In Amazing Location
MLS® 4592099

Super Location! Rare Chance To Live In The Heart Of City With All The Amenities At Your Door Step And All The Space You Need!

Steps To Subway, U Of T, Ryerson U, & All Businesses In Heart Of Downtown.

Functional 2 Bedroom + Solarium Floor Plan With Solarium Opened Up To Make Larger Sitting Area. Bright & Clean Unit.

Hardwood & Marble Flooring. Granite Counter In Kitchen & Both Bathrooms. Excellent Building Amenities. Parking And Locker Included!

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Spacious 2 Bedroom Apartment For Rent High Park

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2 Bed 2 Bath Condo In Toronto

•  2 bath , 2 bdrm apartment – FOR RENT  CAD2,800 ML . Spacious 2 Bedroom Condo
MLS® 459980

Welcome to Grenadier Gardens Located At High Park – Swansea Neighborhood With Amazing Ravine View.

Spacious, 2 Bedroom Condo Is Available For Immediate Occupancy.

Large Living /Dining With Walk-Out To Balcony, 2 Renovated Bathrooms, One Parking Spot And One Locker. All Utilities Are Included. Bonus, Basic Cable Is Included. Amazing Amenities!

Great Location!! Close To Bloor West Village, High Park, Lake, Schools. Ttc, Easy Access To Highway.

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2 Bedroom Luxury Condo For Lease in Hurontario/Burnhamthorpe, Mississauga

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Spacious 1353 Sq. Ft Corner Suite With South East Views Of Toronto’s Skyline & Lake!

•  2 bath , 2 bdrm apartment – FOR RENT  CAD2,850 ML . 2 Bed Luxury Condo In Downtown Mississauga!
MLS® Exclusive – Private

2 Bedrooms Plus Private Den With Frosted Glass Doors & Window, 2 Bathrooms & 2 Parking Spaces!

All Utilities Included!

Super Spacious 1353 Sq.Ft Corner Suite With South East Views Of Toronto’s Skyline & Lake. Spectacular Floor Plan With Lots Of Sunlight!

Expansive Living & Dining Room, 2 Bedrooms At Opposite Ends For Ideal Privacy!

Spacious Kitchen With Stainless Steel Appliances And Eat-In Breakfast Area!

Ensuite Laundry!

Feels Like A Bungalow With The Benefits Of An Upscale Condo – 5 Star Hotel Lifestyle!

Heat, Hydro, Water Included! Fabulous Facilities! 24 Hr Concierge, Pool, Gym & More!
Steps To Transit, Go, Sq 1, Shopping, Minutes To Highways, Celebration Sq, Theatres & Living Arts Centre!

*2 Parking Spots*

Address: 156 Enfield Pl
Reference: Exclusive

Full Service Rental Department at Your Service

We Help Tenants and Landlords too!

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Bright And Spacious, Corner Suite For Rent in Hurontario, Mississauga

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2 Bedroom Corner Suite In Mississauga

•  2 bath , 2 bdrm apartment – FOR RENT  CAD2,500 ML . Bright and Spacious 2 Bedroom Corner Suite
MLS® 4582092

Bright And Spacious, Two Bedroom, Corner Suite For Rent In Central Mississauga!

Efficient, Split Bedroom Floor Plan For Maximum Privacy. Nine Foot Ceilings With Expansive Floor To Ceiling Windows. High Quality, Contemporary Finishings. Laminate Flooring Throughout. Modern Kitchen With Designer Cabinetry, Stainless Steel Appliances, Tiled Backsplash, Caeserstone Countertops. Two, Four Piece, Spa-Inspired Bathrooms.

Parking And Locker Included.

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Office Training: Rental Review Time – June 11th & 12th!

 

Isn’t it funny how intricate a little rental agreement can be! Sometimes a rental deal can feel like more work than a sale. Let’s go over all the bumps that come up during before, during and after the lease agreement is signed.

Please RSVP by online here: https://www.surveymonkey.com/r/P22VSJS

 Or call the office and let us know!
416-896-3333 / 905-896-3333

Condo Cancellations Risk Crisis Of Confidence In Toronto Real Estate

The size and sheer volume of GTA condo cancellations in 2018 sent shockwaves through the industry and left thousands of purchasers stunned and upset.
According to condo analytics firm Urbanation, from January 1 to mid-December, 2018, 4,202 units  (or 12 buildings across nine developments) were cancelled.
That’s staggering, considering that in 2017 there were 1,678 cancelled units in eight buildings and just 379 cancelled units across three buildings in 2016.
“You can usually expect 300 to 600 units a year as there’s always a misfire or two,” says Pauline Lierman, Urbanation’s director of market research.

Cancelled Projects In 2018

Two large Vaughan three-tower projects, Liberty’s Cosmos and the Gupta Group’s Icona, with 1,453 and 1,633 units respectively, were the main contributors to 2018’s tally.Some of the others included LeMine Investment Group’s Central Park Ajax, Lamb Development Corp.’s Wellington House and the James, Time Development Group’s Kennedy Gardens in Scarborough and The Residences of The Hotel McGibbon in Georgetown.
In a year when the condo market performed very well with low supply and stable demand. News of the Cosmos and Icona’s cancellations were a surprise.  Sales numbers certainly weren’t to blame. According to BILD, in May 2016, sales of 780 units in Cosmos Tower A and B and LeMine’s sales of 400 units in Central Park Ajax helped propel that month’s high-rise sales to the second-best on record.

The Issue – Some of the Reasons why the Projects where Cancelled

“All projects that cancelled in the last year had more than 80 per cent of the units sold,” says Lierman. “The biggest factors are cost and financing.”
Cosmos Condos, near the TTC’s new Vaughan Metropolitan Centre Station, was scheduled to be complete by 2020. In April, a letter from Liberty director of sales and marketing, Shawn Richardson notified purchasers that their Agreements of Purchase and Sales were being cancelled due to “circumstances beyond our control and Liberty’s best intention” as financing could not be arranged on terms satisfactory to the project vendor.
Icona, with its 51 and 53-storey towers, launched in February 2017. The condo sold out quickly but was cancelled in September. The Gupta Group also cited an inability to obtain satisfactory financing as the reason for their project’s termination.
In the case of Central Park Ajax, the City of Ajax pulled the plug. The town owns the land and was a partner in the project. It terminated its partnership with LeMine after discovering the developer didn’t have financing in place. Construction has yet to start at another LeMine project, The Academy, a student rental housing project in Scarborough that sold out in 2014. LeMine is a relatively new development company, without a prior track record in the GTA.
“If you are inexperienced or this is your first major project, it’s an uphill climb,” says Lierman. “It’s difficult to get your ducks in a row, you may not realize how long it will take and you have to have planned for the unexpected.
The Residences of the Hotel McGibbon project began in October 2015. Silvercreek Commercial Builders Inc. proposed to tear down the McGibbon Hotel in downtown Georgetown and replace it with a 125-unit residential condominium building. Early in 2017, Silvercreek reached an agreement with the Town of Halton to preserve a portion of the heritage building, while keeping the condo building to 10 storeys. But Silvercreek cancelled the project in early December citing “circumstances beyond our control that make the project un-financeable.”
Lamb Development Corp. pulled the plug on Wellington House after it was forced to alter the original design of the building. The new design would reduce the project from 23 to 17 storeys to get rezoning approval from the City of Toronto. With approvals still months away, Lamb released purchasers’ units and returned deposits.
Early in 2018, Lamb cancelled the James condo at 452 Richmond St. W. due to a rezoning issue. The condo was pre-sold in 2014. This spring, the Ontario Municipal Board also ordered the council to allow for the construction of a 17-storey building with 245 units that Lamb is relaunching as the Woodsworth.
“If projects come to market without approvals, the time frame can be elongated and combined with other cost factors, they end up not going forward,” says Lierman. “Costs are a big factor and with the labour market, tariffs and material costs going up, it can be it hard for a project at a specific stage to get financing.”

What’s A Buyer To Do?

When condo projects are cancelled, purchasers get their deposits back but lose out on the appreciation their unit may have accumulated between when they signed and when their suite is completed.

Generally, there little buyers can do when a project is cancelled. In the case of 451 Cosmos, buyers filed a class-action lawsuit in late August against Liberty Development Corp. and the outcome may give developers pause. The buyers asked the court to declare their contracts void so they can sue the developer for appreciation lost in the two years between when they bought their units and when their deposits were returned. The application claims the sales contracts went beyond what the province’s new home warrantor, Tarion, permits for pre-construction agreements.
Lierman says buyers can protect themselves to some extent by doing their due diligence and researching builders and developers. That wouldn’t have worked for Cosmos, however, since the builder was well-established. Lierman also advises checking if a project has its approvals in place.  The good news is she doesn’t expect a rash of cancellations in 2019.
There might be one or two projects that are vulnerable, but we should see more evening out in 2019,” Lierman predicts.`
Speak to your Sutton Realty representative to get some advice on a builder based on historical data.   We`re here to help.
SuttonRealty.com – 416-896-3333

Are Condo Boards Working With The Grinch?

“No Christmas Trees Allowed?”

Most Condo Boards have begun posting notices around their lobby and in mail rooms “Real Christmas Trees are Not Permitted” “Wreaths and Other Decorations or Door Knockers Are Not to Be Hung on Your Unit Door”.

Does Your Condo Board Allow Christmas Trees?

Many of these notices have logical reasons behind them, fire hazards for example, and imagine hundreds of unit owners trying to proudly fit their 7ft Douglas Fir into the elevators. Talk about a cramped elevator ride – and a messy lobby!

However these bulletins during the Holiday Season can sound like they were written by the Grinch himself.

So how can we get our Holiday Spirit Back into our Condominiums?


Check Out Our 3 Favourite Ways to Add Some Festive Decorations To Your Condo!

  1. For Outdoorsy Types, swap out some shelves with tree branches. You’ll get that authentic Christmas tree feel without the pine-needle mess!

Keep it low enough for the kids to hang their favourite soft ornaments with ribbon or string

One string of lights should do the trick – Have some fun and dump the regular shaped bulbs for star shaped lights!

 


2. If it’s pretty ornaments that get you into the holiday spirit, a mesh screen is a great place setter for your favourite ones! This gorgeous DIY vintage window frame can display as many  or as little ornaments as you like.

Bonus: Not feeling the spot you set up? Pick up the whole frame (carefully) and move it around to any room you like!

3. A True Artist Cannot *Resist* a Chalk Board Wall! Check out the beautiful scene complete with fireplace and ode to Rudolph.

How are you going to dress up your Condo For The Holidays? 

Let us know! Post your pics on social media and hashtag #SuttonSpirit so we can see them too! 

 

Sutton Group Realty Systems Inc. Brokerage www.SuttonRealty.com
Toronto: 416-762-4200    Mississauga: 905-896-3333

New Condo Prices Rise 11% while Construction Hits New High

 

TORONTO – November 01, 2018: Urbanation Inc., the leading source of information and analysis on the Toronto condominium market since 1981, released its Q3-2018 condo market results today.

Highlights of the release include:

  • New condominium apartment sales in the Greater Toronto Area increased 4% year-over-year to 4,738 units in Q3-2018, reaching the third highest Q3 volume of the past 10 years
  • Year-to-date sales of 14,055 units were down 46% from the record high of 25,839 sales recorded during the same period last year
  • Resale condominium apartment sales grew 2% annually in Q3-2018 to 5,253 units, marking the first annual increase since Q1-2017
  • Unsold inventory of new condos in development increased 2% quarter-over-quarter and 22% year-over-year to 9,927 units, although remaining 33% below the 10-year average of 14,806 units. Unsold inventory equaled 5.2 months of supply, rising from 5.1 months in Q2-2018 and 3.0 months a year ago in Q3-2017
  • Despite the growth in supply, the average sold price for all actively marketing projects in Q3 increased 11% annually to $745 psf, with asking prices for unsold units up 19% to an average of $972 psf. Within new projects that opened for pre-sale during the third quarter, prices averaged $745,416, a 33% jump from a year ago ($562,340). The average size of a new unit launched in Q3-2018 was 714 sf, resulting in average per square foot prices for new launches rising past $1,000 for the first time ($1,044 psf)
  • Average resale condominium prices grew by 6.5% year-over-year to $690 psf, or $577,000 based on an average size of 837 sf, representing a sharp deceleration from the 27% annual pace recorded a year ago in Q3-2017
  • Construction started on a record 8,150 new condominiums in Q3-2018, raising the total number of condos under construction to a new high of 67,581 units in 236 buildings. Projects under construction were 95% pre-sold on average.

Quarterly new condominium apartment sales have settled into a relatively steady pace in recent quarters, following frenetic levels in 2017. However, the market appears poised to receive a boost in the final months of the year as a significant number of new units launch for pre-sale, which should be met by strong demand given current trends. The average opening quarter absorption rate for new launches has remained above 55% for 11 straight quarters dating back to Q1-2016 (averaging 58% in Q3-2018). This was not solely reflective of increased investor activity, as projects with a mix of buyers, as well as those geared primarily to end-users, have been achieving high absorptions upon opening. However, not every project is selling quickly — 8 of 17 projects launched in Q3-2018 sold less than 30% of their units, compared to only 1 of 15 launched in Q3-2017 — illustrating increased price sensitivity, a dispersion of new projects across the GTA region, and the importance of a strong marketing campaign. Looking forward, high price points in the current new condominium market should prevent another sustained resurgence in sales activity in the immediate future.

“The condominium market has performed exceptionally well during its transition from an overheated 2017. Low supply and stabilized demand should continue to provide structural support for prices. However, signs of a slower pace of price growth ahead from factors including rising interest rates and higher completions should be factored into decision making with respect to purchasing investment units”, said Shaun Hildebrand, President of Urbanation.
Looking to Buy or Rent a Condo in Toronto?
Have Questions about the Market? Call our Expert Agents for more information!
Call the BEST Realty Team there is!
Sutton Group Realty 416-896-3333

Steps To Kipling Subway!! Spacious 2 Bedroom Condo!!

Steps To Kipling Subway! Spacious 2 Bedroom Condo!
Steps To Kipling Subway! Spacious 2 Bedroom Condo! $419 900

Tons Of Natural Light In This 2 Bedroom Corner Unit!

Over 1100 Square Feet. Very Spacious Living Areas!!

Features: Eat-In Kitchen, Stainless Steel Fridge, Stainless Steel Stove, Stainless Steel Dishwasher, All Light Fixtures, All Window Coverings!!

Incredible Building Amenities: Large Pool, Hot Tub, Gym, Party Room, Gazebo, Guest Suites, Car Wash, 24 Hour Concierge, Security Patrol!!

Unbeatable Location With Steps To Kipling Subway Station, Bus Terminal, Go Transit, Shopping Centres, Islington Village. Easy Access To Highways. Close To Airport/Downtown And More!!!!

Looking to Buy in Toronto or The GTA? – Our Team of Professionals are here to help.

A Quick Call when you have a question can give you peace of mind.

Sutton Group Realty

Phone: 905-896-3333
Business: 416-896-3333

Address: 101 Subway Crescent

Reference #:3825774
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