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But 2013 is a significant year because it's 5 years since the 40 year, 0 down mortgages were eliminated which will now come up for renewal. Shouldn't this, in theory, result in a lot of people who have to renew at 25 years being unable to afford the much higher monthly payments and having no...

An apartment in Leaside Towers seems pretty cheap and I heard they are very well maintained buildings.

Is he good at his job? If so I would not think he is being overpaid. If the job paid poorly, they would not be able to attract and retain someone good, and you would be stuck with an incompetent super. I know that I would not be willing to put up with a mediocre super just to save a few dollars...

I was inside this tower a few days ago to look at a condo. 1 br condos are going for $1300/m in that building but I was pretty unimpressed. The one I looked at had a musty smell inside, similar to an older apartment building. It was also pretty beaten up, the landlord seemed to make no attempt...

Techsavvy is $35/month with a 300 gb cap. With Rogers you'd have to pay like $80 to get the same cap.

This does not mean that 65% of homes are inhabited by the owners and the remainder are rented out.

That is unbelievable! Did the person at least get fired?

I would also research into investments other than GICs. There are other investments that are very low risk (not no-risk like GICs, but still very low) that pay significantly better than GICs. A portfolio of several dividend-paying stocks (for example a telecom, a bank, a pipeline, and a REIT)...

According to Garth Turner there are currently 85,000 condos being built in the GTA? If that's true, who is gonna live in all those condos? I know Toronto is growing, but it's not growing THAT much.

I walked by there recently... I highly doubt it will be ready to move in fall 2013...

That's the price you gotta pay to live in North York. :)

Is there an additional monthly maintenance fee if you own a parking space?

You guys don't get to control your own a/c??

Garth Turner

I live about 10 mins from there and I have Acanac for internet so I don't see why you wouldn't be able to get it there. Acanac DSL is just a Bell reseller with better rates and no monthly cap, so if you can get Bell you can get Acanac. Likewise, Acanac Cable is just Rogers. I believe Techsavvy...

I'm seeing a very large number of units for rent. For those of you who bought them for investment, I'm just curious whether you've managed to find a tenant, and if so, whether the rent covers your expenses?

Haha those must be really "sophisticated" investors if they're gonna take investment advise from a condo sales rep.

Bah... I'm hoping for a real restaurant not just a coffee place, one where I can go for a nice (but cheap) homecooked-style meal when I'm too lazy to make something. Hopefully there'll be one...

So you would rather McDonald's spends their money on making their buildings more visually pleasing, than to keep their prices low? Seems kinda contrary to what McD is all about (providing cheap food). If we're talking about upgrades for keeping the building clean and safe, then yes of course I...

You think the combo washer/dryers are so small they can't even wash a blanket? I doubt that's true...