News   Jul 16, 2024
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  1. M

    Post a good floorplan!

    College Park unit - Pretty much no wasted space.
  2. M

    Paying cash on interim closing or final closing

    Some feel uncomfortable handing over a lot of money before they get title. Money paid at interim closing will likely be held in trust until the building is registered, but if it isn't the Tarion program will not cover deposit losses beyond $40,000, so if your interim closing payoff was not held...
  3. M

    Paying cash on interim closing or final closing

    The Condo Act allows you to pay out the full balance outstanding on your unit at interim closing. Builders cannot contract out of this provision of the Condo Act, so you should be able to get your APS amended.
  4. M

    Buying New vs Resale

    Hmm.... Interesting that "this guy" you recommend is named Anthony Rapallo and your username is "anthrap". Good to know you think so highly of your services. At least put in some effort to conceal your shameless sales pitch!
  5. M

    Condo Blinds

    I've seen the Ikea curtain panels that people mention above and I don't believe that they retract, which means your curtains will always be closed. Not an ideal window covering choice unless you have a really poor view which you want to block out. Cellular blinds look great and are energy...
  6. M

    Toronto Aura at College Park | 271.87m | 78s | Canderel | Graziani + Corazza

    I spoke with someone from Canderel yeterday, excavation has definteily been pushed back until the summer.
  7. M

    Condo buyers should prepare for 'phantom' rent

    I don't think the loss in Mot's case is $18k/year. He said that his unit cost $250K and the builder is charging 7.25% interst on the outstanding principle. By the time occupancy rolled around Mot probably had put down 25% of the price of his unit. So at the builders rate of interest he will...
  8. M

    Condo buyers should prepare for 'phantom' rent

    Wow this is a weirdly hostile post. I think what Longre meant is that you are not actually losing the full $2000/month that you are paying in occupancy fees. As you mentioned the occupancy fee includes maintenance and estimated property taxes. I don't know what your maintenance fee is but say...
  9. M

    Condo buyers should prepare for 'phantom' rent

    Under the Condo Act, every purchaser has the right to pay off the full amount of the balance outstanding on their condo just before taking interim occupancy (and thus not pay the interest portion of the interim occupancy payment). This is a provision no developer can contract out of. For most...
  10. M

    Condo buyers should prepare for 'phantom' rent

    Anyone who thinks the concept is stupid should avoid buying a preconstruction condo unit. Generally people buy preconstruction because its cheaper than buying a resale (not really true anymore but it was a few of years ago), so its a bit over the top to complain this much about interim...
  11. M

    Buying in your Twenties (Globe)

    The costs of ownership can work out to roughly the same as the cost of renting. My fiance and I bought a unit last year at College Park (I know this building has been universally panned on UT but the interiors and layouts suit us) which rents for $1800/month with parking and a locker...
  12. M

    Residences of College Park 2 Condos (Canderel Stoneridge) - Real Estate -

    The Liberties, which flanks the South Side of CP2, has over 25 floors plus mechanical on top of that, so on the 27th floor you may not have much of a south view. CP is not really the right building to buy for views, the windows are a lot smaller in area than those in most new condos and there...

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