VIP Event for ONE BLOOR New Release of City Suites (4-5 Floor)

685 sq ft North facing - mid 400k
Deposit Structure
$10k with signing agreement
5% in 30 days
5% in 180 days
5% in 360 days
5% in 730 days
1 % occupancy

$55k for parking, $5k for locker
Occupancy - December 2014

Contact me for full price list and floor plans.

Uptown Markham by Times Group (Warden & Hwy 7)

UPTOWN MARKHAM will include almost 50 acres of spectacular green space winding through the Rouge River Valley lands. Soon you could be living in the heart of Markham, at the doorstep of beautiful Unionville, with immediate access to all transport services and arteries.

Register by emailing me at kevinyip@realtyagent.com to be on the VIP list for this project.

Real Estate Topic: Guide to Buying Your Home

Real Estate Topic: Guide to Buying Your Home


Step 1 : Make Sure You’re Ready to Buy
If you’re thinking of buying a home, this 12-step plan will help to guide you in the right direction. But before we jump right in, you have to make sure three things are ready: you, your bank account, and the real estate market.

Are you ready? Be sure.
Owning the roof over your head will bring you great pride, but with that pride comes accountability and sacrifice. There’s the obvious financial responsibility, but your home will also require constant care and upkeep. That’s what real pride of ownership is all about.

Is your bank account ready? Check it twice.

Your first home will be the biggest financial obligation you’ve ever faced. You should already be an experienced saver, and good at managing debt like student loans or credit cards. Ideally, you’ve also saved up some money for a nice down payment. Talk to your financial institution about the Home Buyers Plan too. Our next step will give you a crystal clear picture about how much you can afford.

Is now a good time to buy? Here’s the hottest market tip you’ll ever get.

Markets go up, markets go down and even the smartest experts can’t accurately predict when a market will peak or bottom out. The good news is, if you’re buying a home as a long-term investment (and for long-term enjoyment), you’re protected from short-term changes in the market. Over time, real estate has almost always increased in value.

All you have to do is pick a home that meets the needs of you and your family. Then you’ll enjoy living in your investment as it grows in value. A home is one of the best financial decisions you can make, so make sure you think things through.

Step 2: Figure Out How Much You Can Afford

Before you start looking for your dream home, let’s find out how big you can dream. Knowing your true budget is the first and most important step in buying a home. Why?

A home is a big purchase.

It’s probably the most expensive thing you’ll ever buy, and there are lots of expenses you might not even know about. Everybody’s total costs are different, but it’s almost guaranteed you won’t have that much money saved up. Hopefully you have enough for a nice down payment. Here’s the reality in detail:

Cost of buying a home = One time costs (down payment, legal fees, inspection fees, taxes)
Monthly costs (mortgage, utilities, maintenance, insurance, property taxes)

How much will a bank lend you?

Well that depends on how much you can afford each month. This is determined using two lending principals.

The first lending principle is that your monthly housing cost should not exceed 32% of your gross monthly family income. This principle is known as the Gross Debt Service (GDS) ratio calculation.

The second lending principle used, the Total Debt Service (TDS ) ratio calculation, is that your monthly housing cost and payments on all of your other debts (including loans, credit card and lease payments) should not exceed 40% of your gross monthly income.

Real Estate Newsletter

Real Estate News:


Greater Toronto REALTORS® reported 4,337 transactions through the TorontoMLS® system in January 2011. This result was 13 per cent lower than the record result reported in January 2010.

"While off the record pace experienced a year ago, the GTA resale market has started the year on a solid footing. Home buyers in Toronto and surrounding areas continue to benefit from a diversity of housing types for sale at many different price points," said TREB President Bill Johnston.

The average selling price for January 2011 sales was $427,037, representing an increase of over four per cent compared to the average of $409,058 reported in January 2010.

"The average selling price is expected to grow at a moderate pace in 2011. Growth rates in the three to five per cent range will be sustainable from an affordability perspective," said Jason Mercer, TREB's Senior Manager of Market Analysis.

MEDIAN PRICE

In January, the median price was $360,000, from the $350,000 recorded during January of 2010.

Source: Treb

Aristo at AvonShire By Tridel (Yonge & Sheppard, North York)

New development from Tridel at Heart of North York. Presenting Aristo at AvonShire at Yonge & Sheppard. 21 Stories, modern design.

VIP incentives - Contact me at kevinyip@realtyagent.com for price list and floor plans.
Free Locker
$3000 discount for Studio & 1 Bedroom
$5000 discount for 2 bedrooms

Deposit Structure
5% due on signing
5% due 90 days after signing
5% due 180 days after signing
10 % due on occupancy

Tenative occupancy date: early 2014

The Fountain Condo Phase 3 (Bathurst & Center)

Last phase of the Fountain Condo project (2nd high rise building) will start selling on February 7 for VIP agents only. Contact me for price list, floor plans and complete packages.
Here are some of the prices -

Studio 415 Sq. Ft. from $ 179 000
One bedroom 500 Sq. Ft from $ 220 000
One bedroom + Den 585 Sq. Ft from $ 249 000
Two bedrooms 800 Sq Ft. from $337 000

VIP Prices for Westlake Phase 2 Project in Etobicok (Lakeshore & Parklawn)

VIP Special Discount
1 Bedroom $5,000 Discount
1 Bedroom + Den $5,000 Discount
2 Bedroom $7,000 Discount
2 Bedroom + Den $10,000 Discount

Deposit Structure

5% at Signing
5% in 90 days
5% in 420 days
5% in 610 days
5% on Occupancy

Maintenance : $0.52 per square foot (including heat, air conditioning, water, building insurance, parking maintenance, locker maintenance and the upkeep of common areas)

Occupancy : Commencing Fall of 2015
All prices include H.S.T.
Parking (One Parking Space) and Lockerincluded in purchase price

Contact me for full price list or visit http://www.westlake-condos.ca/

Upper Thornhill Estate (Dufferine & Major Mackenzie)

Madison Homes welcomes you to prestigious Thornhill Ravines, located amidst the natural beauty of over 200 acres of mature trees and lush green conservation and valleylands. Thornhill Ravines is truly an opportunity of a life time. With inviting streetscapes and eye-catching style, Madison has fittingly woven an exclusive enclave of estate homes into a well established community. Be one of the privileged few that can boast ownership in this desirable location.
Contact me for price list.
For more information, visite http://www.madisonhomes.ca/thornhill/index.html

Quartz Condo in Concord City Place (Lakeshore & Spadina) - VIP Event

VIP Event -
$3,000 discount for bachelor unit;

$5,000 discount for one bed or one +den;
$10,000 discount for two bed.

Parking $38,000
Locker $5,000

Deposit Structure:

5% on signing;
5% in 120 days;
5% in 210 days;
5% on occupancy (2014 - June).

Contact me - kevinyip@realtyagent.com for pricelist and floorplans

The Fountain Condo Phase 2 (Bathurst & Center)

Introducing the Fountains, the newest addition to Liberty Development's highly successful Thornhill City center community.
The epitome of luxury, The Fountains will reflect the ultimate in sophisticated living with contemporary suite designs, lavish amenities and the very latest in environmentally responsible contruction. The architecture is a breathtaking amalgam of precast and glass aimed to maximize light and views from all directions. At the community's core, surrounded by landscaped plantings, the fountain itself will provide a soothing element with its artistic presence and its dancing waters - a defining detail that provides the perfect gathering place.

Deposit Structure:
•$5,000 with Offer
•5% less $5,000 in 30 Days
•5% in 120 Days
•5% in 360 Days
•10% Due on Occupancy

Suite Features:

•9' Ceilings
•Granite kitchen countertops
•European-style kitchen cabinets with 36" uppers
•Stainless kitchen appliances
•Laminate flooring in foyer, kitchen, livingroom, dining room and den (if applicable)
•Choice of 50 oz. carpet or laminiate in bedroom
•Marble countertop in bathroom

Parking spot is included in the purchase price

Monthly maintenance fee estimated at $0.44 per sq. ft., plus Hydro

Tentative occupancy: April 2014

Contact me for price list and floor plans

The Acclaim Condo (Bathurst & Sheppard)

Brought to the North York real estate market by Urbancorp Developers, the ACCLAIM Condominiums are a new mid-rise residential building with lots to offer. Located at 801 Sheppard Avenue W, North York real estate market, these new Urbancorp condominiums are now selling. The amazing location of the presales North York ACCLAIM condos is what makes it so popular amongst homebuyers in the GTA area. First of all, there are numerous elementary and secondary schools within walking distance. Secondly, Yorkdale Mall, Silver City Cinema, The Grand, LCBO, CostCo, Home Depot, and Best Buy in addition to other big box retailers are just minutes away from the new ACCLAIM North York condos for sale. Add in the close proximity to subway stations, the Toronto Centre for the Arts, community centres, libraries, parks, museums and the North York General Hospital, the ACCLAIM Condominiums by UrbanCorp are ideally situated within the heart of the city. Also, there are numerous parks (Downsview, Earl Bales, Gwendolen, Ellisium) just next to your new home. The ACCLAIM North York condos are already under construction and selling briskly, so make sure you contact a sales representative for more information about availabilities and floorplans. Upscale condo living at Bathurst and Sheppard overlooking the West Don Ravine and Earl Bales Parks are now here. The new North York ACCLAIM condos are also just steps to the TTC, schools, shopping, DVP, Yonge Subway Station and much more!

Occupancy - spring 2011
600 sq ft one bedroom  - From $239 900
Contact me for Price list and floor plans

West Village Phase 2 in Markham (Warden & Major Mackenzie)

Price Starts at mid-800k

50', 60' and 70 foot lots

Check site for details http://www.kylemorecommunities.com/index.php?n=community&o=overview&commid=2#

Contact me for price list.

Canterbury Townhomes at Lawrence Park (Lawrence & Bayview)

Presenting Canterbury Lawrence Park – a fine collection of Townhomes, graced with magnificent architecture and opulent finishes in the heart of Toronto’s exclusive Bayview and Lawrence Park neighbourhood. The Blythwood Ravine nourishes this beautiful landscape, endowing it with rare natural beauty. TownHouses range in price from $700,000 to $1,000,000.

Contact me for pricelist and floorplans

Real Estate Newsletter

Real Estate News:


Greater Toronto REALTORS® reported 6,681 sales through the Multiple Listing Service® (MLS®) in October 2010. This represented a 21 per cent decrease compared to the 8,476 sales recorded in October 2009. Through the first ten months of the year, sales amounted to 75,582 – up one per cent compared to the January through October period in 2009.

"The annual change in sales and average selling prices has been quite uniform across the GTA and by property type as the market has balanced out from record levels of sales in the second half of 2009 and first few months of 2010," said Toronto Real Estate Board (TREB) President Bill Johnston.

"The composition of GTA home sales does differ depending on location. Condominium apartments accounted for 42 per cent of total sales in the City of Toronto and almost 60 per cent of sales in TREB's central districts," Johnston continued. "In regions surrounding the City of Toronto, in contrast, low rise home types accounted for almost 90 per cent of transactions."

The average price for October transactions was $443,729 – up five per cent compared to the average of $423,559 reported in October 2009. The average selling price through the first nine months of the year was $430,802.

"The average selling price in the GTA has continued to grow relative to 2009 because home ownership has remained affordable," said Jason Mercer, the Toronto Real Estate Board's Senior Manager of Market Analysis. "A household earning the average income in the GTA can comfortably afford the mortgage payments associated with the purchase of an average priced home."

"The outlook for mortgage rates and income growth over the next year is favorable. The average home selling price could increase moderately next year and remain affordable for the average GTA household," continued Mercer.

MEDIAN PRICE
In October, the median price was $366,000, from the $357,000 recorded during October of 2009.

Real Estate Topic: Home Preparation Checklist

Inside Your Home
Floor Coverings (carpeting, tile, linoleum, hardwood, etc.)
o Dirt or stains?
o Excessive wear or damage?
o Area rugs clean and stain-free?

Walls and Ceilings
o Dirt, fingerprints or other stains?
o Nail cracks or tape residue?
o Cracks, chips, water damage?
o Need for repainting or new wallpaper?
o Neutral, light colours for roomy environment?

The Fountain Condo in Thornhill (Bathurst & Centre)

Joyous lifestyle begins with a lavish suite at The Fountains, conveniently located at Centre Street and Bathurst in the heart of Thornhill's newest community. Here, surrounded by shopping, restaurants, theatre, public transportation and recreation, you'll discover the epitome of luxury living at Thornhill City Centre.

Deposit Structure:
•$5,000 with Offer
•5% less $5,000 in 30 Days
•5% in 120 Days
•5% in 360 Days
•10% Due on Occupancy

Suite Features:
•9' Ceilings
•Granite kitchen countertops
•European-style kitchen cabinets
•Stainless kitchen appliances
•Laminate flooring in foyer, kitchen, livingroom, dining room and den (if applicable)
•Choice of 50 oz. carpet or laminiate in bedroom
•Marble countertop in bathroom
Parking spot is included in the purchase price
Monthly maintenance fee estimated at $0.48 per sq. ft., plus Hydro
Tentative occupancy: September 2013

Contact me for price list and floor plans