Kenojuak
Active Member
Gonna be a lot cheaper than a gas and electricity heated and cooled building, especially in the long run. I’m also curious to know the amount and structure of fees though.
Toronto Tretti Condos | 47.85m | 16s | Collecdev | gh3
- Thread starter smably
- Start date
telefann
Active Member
Plenty of quality materials and attention to design detail in this one...but the monotonous charcoal-black imparts quite an oppressive totalitarian feel. River City this certainly isn't, despite superficially similar vibes.
skov555
New Member
Colors are depressing for residential building.
carbonboi23
New Member
Haven't heard anything from Collecdev regarding a delay and it's within the 90 days. We're in the home stretch!
Two southernmost look done. North one is wrapping. I do like the buildings but the dark cladding does feel a tad oppressive even in person.
xyll
New Member
Has anyone recieved a Waiver of Delayed Occupancy Closing Date agreement on January 18th?
The email from CollecDev is asking buyers to sign within 48 hours?!
The email from CollecDev is asking buyers to sign within 48 hours?!
carbonboi23
New Member
I didn't sign it. I think the builder isn't doing us any favours and expects to delay
xyll
New Member
Thanks!
I also emailed asking for details on occupancy costs and got no reply.
I also emailed asking for details on occupancy costs and got no reply.
carbonboi23
New Member
Occupancy costs would be an estimate of property taxes, interest portion of mortgage, common fees. Less than what's you'd pay after starting your real mortgage. We get $150 per day they delay after the interim occupancy up to $7500. It's a gamble honestly on whether they expect to delay closing of the building a lot.
xyll
New Member
Thank you!
Just got a response from CollecDev and they said the occupancy costs per month will be between $2700 to $3000.
This sounds high to me or am I out of the loop?
Just got a response from CollecDev and they said the occupancy costs per month will be between $2700 to $3000.
This sounds high to me or am I out of the loop?
rbt
Senior Member
Occupancy costs nearly always include interest on the outstanding balance. So if you owe $600,000 and the typical mortgage interest rate is 5%, then it's $2500/month for that component, plus another $500 for maintenance fees and property taxes.
carbonboi23
New Member
Has anyone taken occupancy yet? Any thoughts?
Lots of lights on at night. I'd say yes.
AlbertC
Superstar
rdaner
Senior Member
This is actually a very well developed area. The retail is coming in though I didn’t see a coffee shop. And an excellent location! But they now have a Kibo so that is something. Photos taken 1( March.
I’m
