Entries by Roy Bhandari

Proposed Mortgage Rules Could Make It Harder To Buy Condos

In an effort to tighten Mortgage lending guidelines in Canada, the federal government is considering a change that would make it more difficult to get a loan to purchase condominiums. When applying for mortgage to purchase a condominium, lenders also have to take into the maintenance fees into consideration as an expense.  Current regulations calculate…

Interview: A First-time Buyer’s Perspective

TalkCondo is proud to bring you yet another feature that we are extremely excited about. We will be interviewing clients to get their unique perspective to the crazy world of Pre-Construction Condos in Toronto.  The line ups, the sleazy agents, the nightmare stories, the pain and heartache, and ultimately the excitement of finally getting your…

Incredible VIP Offer For Ocean Club

As top selling agents at the incredible Ocean Club located in Humber Bay Park, Amit & Roy have been offered an incredible limited time offer for our clients: Choice from two floorplans, 2 bedroom + den (705 sq.ft. and 755 sq.ft.) for one incredible price of $339,900, which calculates to approximately $450-480 per square foot.…

Backstage VIP Launch: January 10th 2011

Cityzen, Fernbrook and Castlepoint will be one of the first ones out of the gate for VIP Condo Launches in 2011.  Backstage Condos, located in the very popular St. Lawrence Market is phase 2 of the Sony Center Redevelopment (Phase 1 being L Tower) and has been one of the most anticipated developments in Toronto…

Cityzen Purchases Lot on Front & Sherbourne

Cityzen announced on their website today that they have completed the purchase of a large lot of land located at 154 Front Street East, located at Front & Sherbourne. The lot, located on the border of the popular St. Lawrence Market is the former Greyhound Bus Depot.  There are no specific details on the development…

A Look Back at the Best New Developments of 2010

To say 2010 was incredible for pre-construction condos in Toronto would be a huge understatement.  On average, sales per year for pre-construction condos range around 15,000-17,000, however, 2010 saw sales reaching almost 20,000 making it the 2nd best selling year on record (after 2007 with approximately 22,000). Toronto Condos are well represented at THE NATIONALS,…

Downtown Condos Introduce Unique Leaseback Promotion

One of the biggest concerns for investors looking to invest in pre-construction condominiums in Toronto is the vacancy period and carrying costs of holding onto a unit with no tenant.  Downtown Condos by Parallax are offering a very unique Special Offer that protects investors from that – the BUILDER will lease your unit from you…