Monday, April 27, 2009

Luxury Toronto Condos Start Construction

Luxury Toronto Condos Yorkville













Purchasers Of The Four Seasons Private Residences in Yorkville can now be assured this project is going ahead with construction already started.

This picture is taken on Yorkville Ave. facing West from Yonge Street.

Buyers who want reassurance that Luxury Toronto Condos will be completed can rest assured once the building cranes start preparing for construction.

Some big name Luxury Condo projects in Toronto are on hold and this does create a level of uncertainty.

Once these Luxury Condos begin to take shape buyers are happy to see the project progress and also factor in the actual closing date for their own suites.

Other Luxury Condos In Toronto now under construction:

  • One Bedford on Bloor Street West
  • The Florian

  • Living Shangri-La

  • The Residences at The Ritz Carlton

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Tuesday, April 21, 2009

Toronto CityPlace Condos Powerless

 Toronto CityPlace Condos



Pictured above are the Concord Cityplace Condos that experienced power failures that lasted from several hours to almost 24 hours in some buildings. The CityPlace Condos are just to the right of the white Rogers Dome, next to the CN Tower.

Current available CityPlace Condos for sale or rent.


From The Globe and Mail:
Residents of several condos near downtown Toronto's waterfront expressed frustration and anger yesterday after a power outage left thousands without power for much of the weekend.


The lights went out at several condos and an adjoining gymnasium near the Rogers Centre, some of them part of the massive Concord CityPlace development projects, shortly after 6 p.m. on Saturday. The blackout, which lasted almost 24 hours in some buildings, forced some residents to spend the night in hotels or with family.


While some backup lights immediately switched on at the gym and other areas, there were none at all for several hours in at least one of the condo buildings.


With elevators shut down, residents in one tower climbed up to 50 stories in a pitch black emergency stairwell to get home, the only light coming from their cellphones and MP3 players. Because most of the emergency stairwell doors are locked - with the exception of the ground floor and about 10 cross-over floors - residents eventually began jamming junk mail into the locks to keep the doors wedged open for others.

Toronto Hydro crews were able to restore power to one of the towers at around 8 p.m. Saturday, and another tower just before 3 a.m. Sunday, according to Vanessa Nero, a Toronto Hydro spokeswoman.


In the early hours of Sunday morning, security at a third tower on Mariner Terrace advised residents that Toronto Hydro would be attempting to turn the power back on shortly. The problem wasn't fully fixed for more than 12 hours, with the electricity fully restored everywhere at around 4:30 p.m. Sunday.


Ms. Nero said the issue was not with the utility's lines, but with "customer-owned equipment." Although she would not say what that equipment is, she specified that Toronto Hydro's customer is the property manager.


"Work has to be done by the property manager of the building before we can resume power," she said. "It's a customer issue that they have to repair."


An engineer at one of the buildings early Sunday morning was overheard saying that flooding in one tower blew the fuses for several of the adjoining units.


However a property manager for several of the affected buildings, said the initial cause of the outage was a broken high-voltage line at one of the buildings, the cause of which is still unclear.


"The flooding was a co-incidence," he said. "A really horrible co-incidence."
In total, nine buildings suffered blackouts of varying lengths, from a couple of hours to almost a full day.


Several of the CityPlace towers are closely connected, sharing a sprawling underground garage.
"The problem is this: Why is it when something affects one building it affects all the buildings?" asked Gary Pieters, a resident in one of the affected towers. "That's a development flaw."


Mr. Pieters said he received very little communication about the nature and length of the blackout. Uncertain about his safety, he decided to spend the night at a hotel.


He recently went online, asking residents to give him their thoughts about what happened. He ended up getting dozens of angry responses.


"The communication, emergency preparedness and security in this community is totally absent," wrote one resident. "It is a blessing that no one was injured on the weekend."


Source:
Globe and Mail
WATERFRONT CONDOS Blackout forces some to climb 50 stories in the dark OMAR EL AKKAD,Globe And Mail April 21, 2009

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Friday, April 17, 2009

Toronto Real Estate Spring Thaw

Toronto Real Estate Downtown Toronto Real Estate is also experiencing gains in home sales during March and building on gains in home sales during February as well.

The Canadian Real Estate Association said the volume of existing homes across Canada was up 7 per cent in March comparing well with February's 10.3 per cent gain.

Improved affordability due to lower mortgage rates with widespread interest cuts plus the annual surge of a Spring Market are both contributing to more sales right across Canada.

According to the Canadian Real Estate Association, the largest monthly increase in home sales activity was British Columbia at 13.6 per cent with Ontario a close second at 10.5 per cent.

A Canadian Bank economist noted, affordability in buying a home is the highest in four years, with much lower mortgage rates stimulating home buying.

Year over year sales were down nationally 13.7 per cent and the national average resale price was $288,641 down 7.7 per cent from a year earlier.

Toronto Condos, Lofts and Homes for sale or rent can be found on our Toronto Real Estate website that has great MLS listings in the areas of Downtown, Yorkville and North York.

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Thursday, April 09, 2009

Canadian March Housing Starts Rise

Downtown Toronto Condos Downtown Toronto Condos adding to the Canadian housing starts in March, an increase of 13.7 per cent or 154,700 new units when one month figures are calculated yearly.

The Canadian Mortgage and Housing Corporation ( CMHC ) welcomed a bit of good news amid all the gloom of economic slowdowns in several provinces along with the general global credit meltdown.

CMHC advises the increase were broad ranged with multiple and single segments showing increases.

Apartment buildings and Condominiums in cities and towns with populations in excess of 10,000 jumped by 28 per cent and single unit starts increasing by 1.3 per cent in March signaling a positive trend for overall home building.

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Thursday, April 02, 2009

Toronto Luxury Condos April 2009

The Hazelton Condos Toronto

Over 72 Toronto Luxury Condos came up in a recent search of Toronto Condominiums centrally located, asking for $1-Million or more.

Among these great Luxury Condos in various Toronto locations is "The Hazelton"that includes both a Five-Star Hotel plus ultra luxury Condos in the desirable Yorkville Area, pictured here on the left.

Right now, the most expensive Luxury Condo on this list for sale at $7.995-Million is located at Avenue Road and St Clair.


Here are a few examples of these exceptional Landmark Condos:
  • Avenue Rd./St.Clair 5 Bedrooms, 9 Bathrooms Price: $7,995,000


  • Avenue Rd./Yorkville 2 Bedrooms, 4 Bathrooms Price: $6,800,000


  • Bay/Bloor 3+1 Bedrooms, 4 Bathrooms Price: $6,500,000


  • St.Thomas/Charles 3 Bedrooms, 4 Bathrooms Price: $5,679,000


  • Bay/Bloor 2 Bedrooms, 3 Bathrooms Price: $4,500,000

The above Toronto Luxury Condos can be found on this Toronto Real Estate Mls Listings link.


Toronto's Most Expensive Luxury Condos are changing Toronto's Skyline into a World-Class city with new Internationally architectural designs in downtown areas, incomparable for luxury living.

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