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02
Sep
2010
Bayside
Waterfront Toronto unveiled plans to build a massive $800 million neighbourhood Thursday. Developers have dubbed the new neighbourhood Bayside, which will stretch along the water from Sherbourne St. to Parliament St. Waterfront Toronto chose Hines, an American development company based in Houston, to build the project from a field of four finalists.
John Campbell, president of Waterfront Toronto, detailed the size of the project.
“The proposal to revitalize Bayside is the largest single development project undertaken to date by Waterfront Toronto,” Campbell said of the area that will cover about 10 football fields.
Plans include 1,700 condominiums, office space for 2,400 jobs, a boardwalk and public access to a green roof overlooking the water. The heart of the project is Bonnycastle St., according to Stanton Eckstut, one of the principal architects.
“Every neighbourhood in Toronto has one great main street, from Little Italy to Greektown,” Eckstut said, “But the key is Bonnycastle; we need to make this street work.”
Cesar Pelli, the project’s lead architect, gives the plans some star power. Pelli, former dean of Yale University’s School of Architecture, designed the Petronas Towers in Kuala Lumpur. His partner, Fred Clarke, designed the World Financial Center in Manhattan.
Pelli wanted “to make the city reach the water comfortably — as part of the city, not as a foreign place. We see this is a place to live, to work, to visit, to shop, every day of the year, all day long.”
The City of Toronto’s executive committee unanimously approved the project on Monday. It will be presented for final approval at the upcoming city council meeting.
If council approves the plans, phase one could be completed as early as 2014 with the entire project completed by 2021.
Posted in Bay St. Condos
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30
Aug
2010
Putting the I back into VIP
Going back 15 years we had what was called the Sneak Peak, followed by the Preview, than the Grand Opening. Developers, later had several Grand Openings each with slightly different names. After the year 2000 investors became wise to the hype and so was born the VIP. Back then in order for an agent to become a VIP they had to demonstrate the ability to sell several properties at regular pricing before they could be an honorary VIP Agent. In some cases the developer would have you or your agent pay $500 or more as a deposit to gain this recognition thinking that this would add value to the opportunity.
They even had agents line up for a day or two and in some cases I witnessed up to 2 weeks for the opportunity to purchase up to 2 units. The VIP agent would do several things make this wait bearable including hiring street beggars and students to hold their position. Then came the list. A group of agents would start their own list and would agree to meet once every day or two to update the list not allowing any other groups to take their place. Last year this was a problem with the infamous X2 line up at the Intercontinental whereby the group would only meet every 4-5 days and check the list which was left on the bench and allowed others to join by just adding their name.
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Posted in Market Insight
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19
Aug
2010
Bayside
Waterfront Toronto unveiled plans to build a massive $800 million neighbourhood Thursday.
Developers have dubbed the new neighbourhood Bayside, which will stretch along the water from Sherbourne St. to Parliament St. Waterfront Toronto chose Hines, an American development company based in Houston, to build the project from a field of four finalists.
John Campbell, president of Waterfront Toronto, detailed the size of the project.
“The proposal to revitalize Bayside is the largest single development project undertaken to date by Waterfront Toronto,” Campbell said of the area that will cover about 10 football fields.
Plans include 1,700 condominiums, office space for 2,400 jobs, a boardwalk and public access to a green roof overlooking the water. The heart of the project is Bonnycastle St., according to Stanton Eckstut, one of the principal architects.
“Every neighbourhood in Toronto has one great main street, from Little Italy to Greektown,” Eckstut said, “But the key is Bonnycastle; we need to make this street work.”
Cesar Pelli, the project’s lead architect, gives the plans some star power. Pelli, former dean of Yale University’s School of Architecture, designed the Petronas Towers in Kuala Lumpur. His partner, Fred Clarke, designed the World Financial Center in Manhattan.
Pelli wanted “to make the city reach the water comfortably — as part of the city, not as a foreign place. We see this is a place to live, to work, to visit, to shop, every day of the year, all day long.”
The City of Toronto’s executive committee unanimously approved the project on Monday. It will be presented for final approval at the upcoming city council meeting.
If council approves the plans, phase one could be completed as early as 2014 with the entire project completed by 2021.
Posted in Developments, Featured Properties, Map, Market Insight
Tagged bayside condos, toronto condo, toronto condos
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17
Aug
2010
GST Rebates and Transfer Tax Credits
If everyone is entitled to the rebates, why do they charge the fees in the first place?
Many buyers, their lawyers and accountants do not apply for them. Some look into
it. Most do get some of the rebates, but the majority do not take the time to apply and
follow up, nor do they know how.
You didn’t think the government was going to make it easy did you? Why charge
you in the beginning if they knew they would have to give it back?
You may qualify for rebates on your past transaction that could add up to $15,000 or more.
We, with the help of a chartered accountant and bookkeeper have collected nearly $1,000,000
for our clients in transitional and housing rebates along with other rebates you, your lawyer,
and your accountant maybe unfamiliar with.
This is why we have set up a department to do just that.
Filling out the proper forms (correctly)
Adding the necessary documentation
Mailing them to the correct departments
Doing this in a timely fashion
And most importantly following up
Missing out on any one of these tasks and others would result in a non-rebate!
They will not inform you, your time will run out and you would become ineligible.
If you would like to find out about your eligibility, REPLY TO THIS EMAIL NOW!
Your information will be kept confidential.
There are no up front fees, merely 10% of the amount we collect for you.
These are rebates that you have not, nor probably would, apply for.
But hurry! Time is running out!
Certain deadlines apply to these government rebates.
Posted in GST / HST, Market Insight
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17
Aug
2010
River City 2nd Phase
Developed by Urban Capital, and designed by Montreal-based architectural firm Saucier + Perrotte.
Sales for the River City Condos project will begin this coming Fall.
Work will commence in the spring of 2010 next spring, with occupancies expected to start in 2012
Prices starting at $179,900.
River City, coming to the soon to be revitalized \\\’West Don Lands\\\’ neighbourhood, will one day combine lofts, condominium towers and townhouses in an area of parks, stores and cafés on the banks of the Don River.
Posted in Developments, Downtown Condos, Map
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