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Thank You everyone for all these wonderful responses. I am sure it gives me more sense of what to look for before making a decision :)

Hey Argos, Monarch said the initial occupancy will be 2012 for Ultra, lets say if it gets can celled or may be delayed for another year or so - I was wondering at point would the buyers be told ? can the builder be insane enough to try and strech it till the last minute ( assuming they will be...

While filing tax for 2008 - would it be at any advantage for the taxpayer if he/she has signed up for a pre construction condo in 2008 whose occupancy is in about 3 years time however a couple of payments were made for the purchase to the builder (installments) in 2008?

This project is on Sheppard and Yorkland (very close to Fairview mall) over the previous location of Monarch headquarters, Monarch is saying there will be 3 phases first being Legacy and second being Ultra at Heron hills. (they have not done good marketing about this project at all as compared...

Folks, If condo fees would be the only deciding factor between a buyer buying a condo or a free hold, would condo fees be more reasonable type of expense as compared to expenses of maintaining a free hold home ? understanding what the fees and maintainance covers, would an average owner be...

Just curious, what factors effect registration ? is the total units sold or occupied by any chance as well ? In the case of lets say Legacy at Heron hills, whose occupancy will be in 2010, and the Ultra whose occupancy is slated in 2012, would this help get the registration faster for Ultra as...

What thoughts about Monarch projects? Since there are worries about its parent company having some financial challenges (as if they are the only ones having issues with finance ;), What do you guys think is the future for projects like Ultra at Heron hills whose occupancy was initially slated...

Considering the current changes in the real state market for toronto condos, what would be the effect on the pre-construction project in terms of pricing. For instance if a condo was available for 270 K today with occupancy slated in 2012, would the current situation change or reduce its pricing...