Gooner
Active Member
Broker Pricing
Any update on the broker pricing that was supposed to be released today?
Any update on the broker pricing that was supposed to be released today?
Toronto Charlie Condos | 122.83m | 36s | Great Gulf | Diamond Schmitt
aiekon
Active Member
Floorplans and pricing!
Here are the floorplans and preview pricing details:
Pricing (PDF): http://www.bakerrealtypartners.com/charlie/downloads/baker_agtpkg_charlie04092008.pdf
Floorplans (PDF): http://www.bakerrealtypartners.com/charlie/downloads/charlie_floorplans.pdf
Here are the floorplans and preview pricing details:
Pricing (PDF): http://www.bakerrealtypartners.com/charlie/downloads/baker_agtpkg_charlie04092008.pdf
Floorplans (PDF): http://www.bakerrealtypartners.com/charlie/downloads/charlie_floorplans.pdf
MikeMang
Active Member
$37,500 for a parking space?! Is that the going rate these days? For some reason I find that shocking. Thats 25% over all the freed buildings which also seemed shockingly high when they were announced.
Maybe I'm just cheap.
Maybe I'm just cheap.
ArcticS
New Member
$30k at The Modern and at Cityplace
grey
Senior Member
They were around $30-35K at the Hudson about a year ago...
Plus you pay property tax for it
Plus you pay property tax for it
marcus_a_j
Senior Member
Considering it costs about 30-40K to build each underground parking spot, builders are just passing on the true cost to the purchasers. Outside of the core parkings spaces are "included" with the price of the unit, but since land values are less, overall costs decrease. THere are some suburban developments that are starting to charge extra for parking spaces.
SpadinaBus
Active Member
$35K at 400 Wellington West.
lister
Active Member
They were around $30-35K at the Hudson about a year ago...
Plus you pay property tax for it
I paid $20K when sales opened five years ago. I thought that was robbery then.
Now, geez!
digitalcabana
Active Member
grey
Senior Member
Booya!
Hahah, the trees lining the street have been reduced to little potted plants.
Hahah, the trees lining the street have been reduced to little potted plants.
lister
Active Member
I'm looking over the pricing... Holy crap! That's insane.
A comparable unit (plus all extra bits like parking, lockers and floor level) to mine is approximately $296,990 when I paid $198,400. Almost $100,000 more.
A comparable unit (plus all extra bits like parking, lockers and floor level) to mine is approximately $296,990 when I paid $198,400. Almost $100,000 more.
SpadinaBus
Active Member
I'm looking over the pricing... Holy crap! That's insane.
A comparable unit (plus all extra bits like parking, lockers and floor level) to mine is approximately $296,990 when I paid $198,400. Almost $100,000 more.
That's about 8.5% per year, so not too shabby.
urbandreamer
recession proof
^Proof that a major price correction is due, imho. I want to see all those parking lots filled in downtown, but at the same I hate the snobby jerks buying those condos. See: love-hate relationship with development.
grey
Senior Member
If anything, it's proof that the market is healthy. He bought five years ago. Plus, I think we might even be able to consider this to be part of the lower tier of the luxury segment of the market (i.e. inflation in this segment is isloated from the rest).
Mike in TO
Senior Member
There isn't much room for prices to drop even if demand subsides (Labour, material, ever increasing development charges and fees, land costs which won't go down due to supply issues). You'll possibly start to see more incentives (in other words developers tossing more extras in and decreasing their margins), but it's highly unlikely there will be a drop in prices, despite what's going on in some U.S. markets. If there is a major slow down you can expect prices to remain static vs going up or down. That's just my two cents...