palace place: Condo is the Choice for Toronto Living
- 04/24/12 11:55 AM
Recent survey by the TD Bank released Spring 2012 talks about the preferences that Toronto Condo Consumers have about condos vs single family homes. Condos are less upkeep, more affordable and offer amenities. This plus the proximity to public transit in the City (and PATH) could keep you indoors if you prefer. The largest concern is Condominium Maintenance Fees. "The possibility of a fee increase can be a little unnerving," says Haque. "While there's no way to 'lock-in' to a monthly fee like you can with a mortgage, you can prepare for a fee increase by building a buffer into your monthly housing budget, … (1 comments)
palace place: New and Improved Toronto Islands - Sunnyside at Humber Bay
- 04/04/12 12:40 AM
What a fabulous addition to the Toronto Humber Bay Shoreline! All the condos along Lake Shore Blvd ( Marine Parade ) will now have additional man made islands at the mouth of the Humber River Bridge towards Sunnyside! * View Larger Map The string of islands would go in at the mouth of the Humber River and extend about one kilometre from shore. The plan would take clean fill from construction jobs to build a solid earth barrier underwater that would deflect polluted Humber River water out into the lake and away from Sunnyside Beach.Above the water, the feature would look … (0 comments)
palace place: Increase Reserve Fund Minimums to 20% Toronto Condos
- 03/25/12 01:09 AM
Condo Boards try to keep maintenance fees the lowest possible to spend the least amount of money. Unfortunately although well meaning it is misguided when 8 - 12 or 15 years later money is required and the Reserve Fund is in adequate. This results in borrowing additional money for specific repairs (requires a vote by a majority of owners) or a Special Assessment. Lawyer Derrick Fulton, an expert in condo law, said one major problem area is the Act’s requirement on reserve funds; currently, 10% of common element fees must go into a reserve, but he believes that number should be … (1 comments)
palace place: Lets compare Condo Maintenance Fees Toronto
- 02/07/12 04:33 AM
Lets have a look at and compare what makes the maintenance fees in your building. First Lets establish a few things, Your furnace unit consumes electricity; usually through a heat exchange unit in a central part of the condo or maybe you are blessed with two. The heat exchange units take warmth (hot water heated from a boiler) from the coil and disperse it into your unit. The cost of operating the fan blower is yours, the costs of heating the water as to your maintenance fees. The unit is inside your unit and operates from the Common Expenses. The liability … (0 comments)
palace place: What is a Status Certificate?
- 06/29/11 02:37 PM
Hello, David Pylyp with Re/Max, Its a beautiful day on the waterfront in Toronto at Humber Bay Shore, Down by Palace Place and Palace Pier. I'd like to talk to you about buying a condominium and actually obtaining a Status Certificate.So the question becomes; What is a Status Certificate?
If you bought a used car, you would find yourself asking for the safety certificate. Well, that's exactly what a status certificate is. Its a snap shot of the financial picture of your condominium unit and your building as at a particular date. This is usually provided to you by … (0 comments)
palace place: Online Reputation is not just for people
- 01/02/11 02:25 AM
Buying Preconstruction is commiting to a goal and a dream. New Condominiums are selling Imagination and Hope. Developers Selling Sizzle, Builders selling the new lifestyle where you will enjoy the multi purpose recreation facilities, affluent portico and vestibules, guests will be wowed and greeted in the lobbies, interact with your new neighbours that all share your lifestyle and vision of affluence on the roof top lounge. These spectacular presentations are made at sales centers with furnished and staged suites, scale size models, draperies and lavish upgrades; showing you what might be; VIP openings with celebrities, wine and cheese soirees … (2 comments)
palace place: Palace Place [Prestige on Toronto's Waterfront]
- 12/02/10 06:31 AM
Palace Place on the north shore of Lake Ontario and the mouth of the Humber River [Humber Bay Shore] has become a world wide instantly recognizable landmark. What's special about Palace Place? Looking at the photo's you quickly realise the land space [footprint] that the Palace occupies. While the density along the Lake Shore and Marine Parade Dr., seems congested and close, the two original land mark towers dominate the skyline. All this is within 15 minutes of downtown Toronto and the financial hub; Bay Street. The waterfront features the Martin Goodman Trail which allows for walking, jogging, cycling and inline … (2 comments)
News, views, rants and commentary about Toronto west Real Estate issues and Local Community events from David Pylyp.
Experience is not expensive... It is Priceless!
Recent survey by the TD Bank released Spring 2012 talks about the preferences that Toronto Condo Consumers have about condos vs single family homes. Condos are less upkeep, more affordable and offer amenities. This plus the proximity to public transit in the City (and PATH) could keep you indoors if you prefer. The largest concern is Condominium Maintenance Fees. "The possibility of a fee increase can be a little unnerving," says Haque. "While there's no way to 'lock-in' to a monthly fee like you can with a mortgage, you can prepare for a fee increase by building a buffer into your monthly housing budget, … (1 comments)
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