Time and Space Condos (Pemberton) - Real Estate -

[Kama]

How was it? How satisfied are you with this PDI?

How was it? How satisfied are you with this PDI?

Flabbergasting. See above.

 

[Kama]

Pemberton supposed to provide the builder package before the occupancy date. Do you know when we are expected to get? We have OD scheduled for August 8th, still nothing.

 

[Guswjd0922]

They are running late for their schedule. I think some o cu

Pemberton supposed to provide the builder package before the occupancy date. Do you know when we are expected to get? We have OD scheduled for August 8th, still nothing.

I emailed builder and they said i will receive 1 week prior to occupancy date

 

[MewMew]

My occupancy is Aug 8. They schedule me on July 31st and now moved to Aug 7 for PDI. They said unit is not ready lol

Same, occupancy of Aug 17th, PDI scheduled for Aug 15th.

Any further delays for you both or on track? Thank you for letting us know.

 

[Kama]

Got the documents from the builder, about a week in advance. Interest on the balance about 7.5%.

 

[uk4evr007]

Got the documents from the builder, about a week in advance. Interest on the balance about 7.5%.

Did u get a call from your lawyer as well? I guess you need to hand-in your last 5% downpayment on OD?

 

[Kama]

Did u get a call from your lawyer as well? I guess you need to hand-in your last 5% downpayment on OD?

The lawyer sends complete budget: last 5% deposit with adjustments, monthly cheques etc.

 

[Kama]

What home insurance we need to buy?

 

[Guswjd0922]

The lawyer sends complete budget: last 5% deposit with adjustments, monthly cheques etc.

Any further delays for you both or on track? Thank you for letting us know.

Just received information about occupancy fee
7.49%

 

[Kama]

7.49% is in line with the current rates. What is not in line with the common practice is that Pemberton charges common charges and taxes on the top of 7.49%. Normally, landlord pays common charges and tax rather a tenant. If CC+taxes is about 1K – these money saved for the builder. With 1586 units and 1 year to register a condominium, 1*12*1568 = 18.8 millions paid by the buyers rather by the builder.

 

[uk4evr007]

7.49% is in line with the current rates. What is not in line with the common practice is that Pemberton charges common charges and taxes on the top of 7.49%. Normally, landlord pays common charges and tax rather a tenant. If CC+taxes is about 1K – these money saved for the builder. With 1586 units and 1 year to register a condominium, 1*12*1568 = 18.8 millions paid by the buyers rather by the builder.

pretty high rate...so how do we calculate the rent? is the net difference divided by 12 then multiply by 7.49% (e.g. let say remaining balance is $500K / 12 X 7.49% = $3,750 monthly? Also, is the gym open now?

 

[Peggy81]

pretty high rate...so how do we calculate the rent? is the net difference divided by 12 then multiply by 7.49% (e.g. let say remaining balance is $500K / 12 X 7.49% = $3,750 monthly? Also, is the gym open now?

I am wondering if the amenities are not open, the maintenance fee is lower?

 

[Bra-to]

For those already in the building, btw what time is there sun over the pool? Wondering how it's going to look like once amenities are open

 

[dainvinci]

I am wondering if the amenities are not open, the maintenance fee is lower?

Just received information about occupancy fee
7.49%

Wait, another person got a rate of 6.34%. How is there such a big difference? Isn't the rate standard across the board? Also, any idea on property taxes. What should we take as the assessed value of the property. Would it be same as the original purchase price or lower/higher?

 

[dainvinci]

Yes, she prepared 12 cheques to the builder and everymonth same amounts.

On top of interest, maintentance fee, internet and eddy system?



View attachment 490006

This is super helpful. Any idea about Property taxes? Also, is the CE expenses being paid right now 100% of the estimated CE fees (even if all amenities are not available)?