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I'm not sure if buying a locker is really that important (personal opinion). There seems to be an excess of them, since out of the last few condos I've lived in (different builders), the builder has an excess amount and is actively trying to unload them post registration. In fact, the builder...

Pictures from today (May 31, 2012). The north face looks great (equal or better to Aura's glass in my opinion), the other sides are average condo glass, though energy efficient since I believe they are going for LEED Gold certification. No glass on the east side yet...

More glass is up: http://imageshack.us/photo/my-images/844/wp000004a.jpg/ http://imageshack.us/photo/my-images/820/wp000002j.jpg/

May 23, 2012 http://imageshack.us/photo/my-images/213/wp000003n.jpg/

Hi edwardtoronto, It appears you are connected with the builder/developer. Can you provide us with more details as to when each major component is set to complete? What part of 2013 are you referring to (I know its subject to change, but I'm sure a lot of us on this forum is interested in the...

You might be able to shelter your home entirely from capital gains even if you rent out the property (I'm assuming its just for a few months to cover your occupancy period for your new condo). The calculation for the principal residence exemption is as follows: Exemption = Gain * (Years...

Thanks for all the responses, everyone! My last condo I got interest as well (and it was to the solicitor of the builder in trust). It was peanuts, but it was something at least. I asked how it was calculated, and I got the prescribed rate response. A black hole for information in other...

Another amount you get from your builder is interest on your deposit on the condo. Does anybody know how this is calculated, and where the inputs of the calculation can be found? I find it to be a very mysterious number since its a one-liner in the statement of adjustments. Its one of the...

There are a lot of variables here. What floor are you moving into? How many floors does the building have? Are you in the first phase or last phase of a complex? Does it have shared facilities with another phase? For example, if you were on the 10th floor of a 12 floor building, which has...

Lockers are where the money is (based solely on posted rental notices). They range from $40-$60/month in places I've seen. The monthly maintenance is $20/month approx. That leaves $20-$40/month profit. Considering lockers go for $2500-$5000, that's anywhere from 9%-19% return! If lockers are...

Its not 8%. You forgot to account for the monthly maintenance fee on it. Assuming you can get $200, it comes out to about 6% assuming a $50/month maintenance fee. 6% is quite low if you consider the risks involved. You are only allowed to rent to people living in the building is one rule you...

There will one crane like pulley system (I don't know the technical term) on each tower installed to pull the bridge up. One side will be inserted into one of the towers first, then the other side will be swung into place, sort of like a clasp. Sorry I can't use more technical terms. I'm not...

The bridge is 2 stories, but each floors is a double floor (18 feet approx). The bottom floor is an amenity (party room and pool tables) with a glass floor. The top floor will be split into two penthouses, which will also have some space in their respective towers. Concord told me that each...

Cityzen updated their blog with an entry on L Tower: http://cityzen.typepad.com/

Doesn't look like much progress at all with this site. Drum118, thanks for the pictures! You're easily my favourite UT member!

Thanks drum118 for the update! Are those pipes for the aquarium? There are so many! Makes sense I guess.

Considering the developer was trying to sell these units for $800/sf STARTING, if they achieve their goal, the average price of this building will be well north of that!

I believe the rate is 4.25% (Reserve Bank of Australia rate). This can be compared against the Bank of Canada rate of 1%. http://www.rba.gov.au/media-releases/2011/mr-11-28.html Mortgages in Australia for homes is north of 6% Australia's prices are a lot higher than Canada's when...

Not sure if its a feasible idea, but once the Condo Corp is established for these buildings, approach management and see if they are willing to sell or rent out some of the visitor spots. Any money they gain would be put back into the Condo Corp to keep maintenance fees lower and/or increase the...

They are constructing it on the ground level and lifting it in place. If you look at my last post, the yellow poles are part of the construct of the bridge.