SpadinaBus
Active Member
I thought this project was going to sales in the spring? There are previews to VIPs this weekend. Wow. I guess the X2 launch success got them excited.
S'Bus
S'Bus
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Residences at the RCMI Condos (Tribute Communities) - Real Estate -
- Thread starter SpadinaBus
- Start date
Automation Gallery
Superstar
Rumour has it, this 315 unit condo project will sell out in a day or two.......This proposed building is the biggest talk in town and we will probably see this one going skywards by summer/fall, well thats if financing is in place.
Tuscani01
Senior Member
I always heard fall 2009.
SpadinaBus
Active Member
Went to Check out the VIP sales today. Units range from 474 to 763 sqft, one bedroom to one bedroom plus dens. Pricing ranges from $536/sqft for west facing units while the south and east units are up to $639/sqft.
9' ceilings
24" wide fridge
occupancy is written as November 2012
no scale model
no model suite
9' ceilings
24" wide fridge
occupancy is written as November 2012
no scale model
no model suite
ratoronto
New Member
amazing project! I will be purchasing a unit. I hope that this building sells out very quickly to show other developers that they can build buildings without parking in downtown Toronto!
MadMax
Active Member
Cool pre-registration promo here http://www.tributecommunities.com/university_ave/video/index.html
Solaris
Senior Member
where's the presentation centre SpadinaBus ? is there anything from their brouchure that you can share ??
Tuscani01
Senior Member
Its in the RCMI building, at the back.
Galen
New Member
Residences at the RCMI
As this is my first post, how does one calculate the PSF cost in regard to taxes.
In my opinion, this building is a rip off. I paid $645 psf for the 3rd LOWEST floor. So the psf costs in this building are from 650 - 750 . I don't think you can strip out the HST from the price psf, since you are forced to transfer the rebate to the owner. If I pay $325k for 504 sq. ft. , then why is the builder allowed to use the rebate to get another $20k from the Gov? If that rebate came off my price I'd be more inclined to keep it, but as it stands, I'm rescinding this wknd.
While this building might be an OK investment for someone who can afford to tie up $100k in equity for 3 years, to get a small rental income, I don't believe the appreciation will be more than 10-15k max, in 2013.
What do you guys think about $644 psf for the 9th floor, facing south, but into another building 100ft away. 504 sq. ft. with no bedroom closet, no bedroom window (just a frosted glass wall)
Thanks.
As this is my first post, how does one calculate the PSF cost in regard to taxes.
In my opinion, this building is a rip off. I paid $645 psf for the 3rd LOWEST floor. So the psf costs in this building are from 650 - 750 . I don't think you can strip out the HST from the price psf, since you are forced to transfer the rebate to the owner. If I pay $325k for 504 sq. ft. , then why is the builder allowed to use the rebate to get another $20k from the Gov? If that rebate came off my price I'd be more inclined to keep it, but as it stands, I'm rescinding this wknd.
While this building might be an OK investment for someone who can afford to tie up $100k in equity for 3 years, to get a small rental income, I don't believe the appreciation will be more than 10-15k max, in 2013.
What do you guys think about $644 psf for the 9th floor, facing south, but into another building 100ft away. 504 sq. ft. with no bedroom closet, no bedroom window (just a frosted glass wall)
Thanks.
Tridel
Active Member
Calculating Tax on New Homes in Toronto
0.8547807% of the purchase price/year.
http://www.toronto.ca/taxes/property_tax/tax_rates.htm
This of course doesn't include the maintenance fee.
0.8547807% of the purchase price/year.
http://www.toronto.ca/taxes/property_tax/tax_rates.htm
This of course doesn't include the maintenance fee.
Last edited:
Galen
New Member
thanks, but i was wondering if you take out the assumed built in tax to get the net price or just use the price that you pay the builder....
I just thought they couldn't have been asking $644 psf.
I just thought they couldn't have been asking $644 psf.
cdr108
Senior Member
do you have the floorplans and other information from the sales brochure you could post for others to review?
thanks