River City 3…Two Year Leaseback!!

Over $30,000 in Incentives & Discounts

** Two Year Leaseback on All Suites**

ANNOUNCING RC3  CONDOS (RIVER CITY PHASE 3) 

by URBAN CAPITAL

The Top 10 Reasons To Add RC3 Condos (River City Phase 3) To Your Portfolio

10) The Proposed Subway Station

 

The City of Toronto is about to entire an election for a new Mayor.  A few of the candidates are talking about pushing through the ‘Downtown Relief’ Subway line as part of their platforms.  Once this line begins construction, one of the first new subway stations on the plan will be called Bayview/River Station – located directly below the River City project!

 

We predict that the announcement of the station alone could drive prices at the River City project up immensely.

 

9) The Architecture

 

This building will definitely be one-of-a-kind and remarkable to say the least.  The developers spent years painstakingly designing a project that will stand out in the city, and is sure to win awards for best architecture (Phase 1 also won the ‘architecture of the year’ award).

 

8) The Neighbourhood

 

The River City project is the first residential community within the newly revitalized West Don Lands neighbourhood.  West Don Lands is also the site of the Pan Am Village – a massive community being developed to house the athletes for the 2015 Pan Am Games in Toronto.   This brings plenty of new amenities to the area, including retail along the new Front Street extension, fitness facilities, restaurants, and so much more.

7) The Park

Most Toronto residents don’t yet know that the city has just finished developing a huge 18 acre park called Corktown Common, where the entrance to the park is literally at the front door of River City 3.   Imagine being able to take a ‘walk in the park’ every morning and evening at your very own 18 acre park in front of your condominium!

6) The Access

One of the benefits of this unique location is incredible access to all modes of transportation.

 

BY CAR – you’re 30 seconds away from the entrance to the Don Valley Parkway, and you’re a 5 minute drive to the financial district.

 

BY STREETCAR/PUBLIC TRANSIT – You have the benefit of living right at the intersection of King Street and Queen Street – both with a streetcar that heads to the core of the city within minutes.  This is a huge benefit to tenants and residents who work in the financial district and can be at work within minutes.  You can also take the streetcar east to the Beaches within minutes as well.

 

BY FOOT OR BICYCLE – The city is building new paths that connect to the Martin Goodman Trail, so you can literally cycle your way across the lakefront from River City to Etobicoke.  You’re also walking distance to the Distillery District and to Lake Ontario.

 

5) The Residents

 

One unique aspect of this project, based on sales from Phases 1 and 2, is that there are many more ‘end users’ buying into the project versus investors.   A typical downtown condo tower will have the majority of suites purchased by investors.  At River City, many of the purchasers are residents who live in the building.  The benefit to investors is huge – more end users and less investors means less competition for tenants, and less turnover on the resale market (i.e. – less supply for leases and resales means higher demand for the project).

 

4) The Pricing and Floor Plans

 

While the pricing isn’t finalized, we’re expecting prices to be $100-$150 per square foot LESS than a typical downtown tower in the core of the city – resulting in potential savings of $50,000 to $100,000 or more.

We’ve seen rough architectural drawings for the floor plans and they are incredible – perfect for investors.  Register below to be first investors in the city to see them as well.

 

3) The First Gulf Commercial Development Next Door

 

This is one of the biggest benefits to investors.  First Gulf, a huge commercial developer in the city, has bought the land adjacent to the River City area – where they plan on developing a huge commercial center to rival Canary Wharf in London.

The developer is proposing to build 15 million square feet of office space, enough to house 70,000 workers.

The benefit to investors?  River City 3 will be one of the CLOSEST residential projects to this mega development.  With 70,000 NEW JOBS moving to the area, this creates MASSIVE DEMAND for housing.  Imagine owning an investment property closest to this area?

BUY WHERE PEOPLE ARE COMING!!!

 

2) Amazing Views In Any Direction

 

The building sits on an angle, with suites having great views in all directions.  You’re either looking at the lake, the park, the skyline, or the city.

 

1) Over $30,000 in Incentives and Discounts

 

Click on the price list link to view all of the incentives including a 2 year leaseback on ALL suites!!!

 

THIS IS THE ABSOLUTE BEST DEAL WE’VE EVER OFFERED, 

AND WE EXPECT THE UNITS TO SELL OUT QUICKLY.

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HERE ARE THE DOWNLOADS: 

BROCHURE:

FLOOR-PLANS: 

EXCLUSIVE PRICE LIST:

RESERVATION FORM (PDF): 

(If you have any issues with the downloads, please let us know and we will email them to you as attachments).

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I AM INTERESTED IN PURCHASING….WHAT NEXT?

 

a) REQUEST A CONSULTATION:  If you are interested in speaking or meeting with us to discuss this project, please reply to this email or call David at (416) 520-6746.

 

b) RESERVE IMMEDIATELY: If you know which unit you are interested in reserving, kindly download the Suite Reservation Form, and fill out the ALL of the details (note, we take privacy very seriously and your information will only be shared with the developer).  You may e-mail the worksheet back to us or fax it to 1-866-248-2303. The Developer will NOT accept any worksheets without the required information.

I had many clients left out of the ArtShoppe platinum unit allocation because their worksheet was sent late.

Please contact me direct at 416-520-6746 or by email, David@DavidStoddard.ca

** You can follow my real estate posts on FACEBOOK. Click here to LIKE my real estate page.​

Toronto Condo Hot List for the Week of March 16, 2015

David Stoddard Condo Tours

 

 

Here are my Top Picks for the Week:

 

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390 Cherry St #1006

Price: $336,000 Beds: 1 Baths: 1 Sq Ft: 550

“The Gooderham“. Terrific Sunlight. Fantastic Space With A Work Area/Nook. Semi-Ensuite Bathroom And Clear, East View From the Balcony. Engineered Hardwood. Inclusions: Stainless Steel : Fridge, Stove, Dishwasher, Microwave/Hood Fan. Stacked Washer/…

View this property >>

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1 King St W #2001

Price: $268,800 Beds: 1 Baths: 1 Sq Ft: 545

The Residences at One King West. Architecturally inspiring and ideally located. Tastefully Renovated Suite. Fully Furnished. Corner Suite. Windows In Every Room. Natural Light Galore. Terrific Floor Plan. City Views. 10′ High Ceilings. Shower an…

View this property >>

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23 Brant St. #103

Price: $545,900 Beds: 2 Baths: 2 Sq Ft: 930

Spacious Open Concept 2 Bedroom / 2 Bathroom Unit At Quad Lofts. Approximately 930 Square Feet Of True Loft Feeling With Concrete Floors And Concrete Ceilings. Terrific Natural Light. Upgraded Built-In Closets In Entrance/Foyer. Split Bedroom Plan. …

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Tax Deductions And Credits for Homeowners

Great article in http://CanadaRealtyNews.com

Many taxpayers overpay their taxes simply because they fail to claim some of the common deductions and credits they are entitled to. As a homeowner, there are several home tax deductions and credits that you can claim.

Before you submit your next return, check the following list. It represents the most frequently over-looked tax breaks available to typical working Canadians.

First-Time Home Buyer’s Tax Credit

If you are buying a home for the first time, you can claim a non-refundable tax credit of up to $750. This new non-refundable tax credit is based on a percentage of $5,000. You or your spouse or common-law partner can claim the home buyer’s tax credit.

GST/HST Tax Rebate (new housing rebate)

If you buy a new home as your principal residence, and if it’s less than $450,000, you may be able to claim the GST/HST new housing rebate too. Ontario and B.C. residents may also claim the provincial portion of the HST if they buy, build or do a major renovation on their principal residence. Other home tax deductions exist for homes that are built by the owner as well as for residential rental properties.

Click here for more.

Here is what you can do next:

David Stoddard Buyer Planning Sessions

 

Please contact me direct at 416-520-6746 or by email, David@DavidStoddard.ca

** You can follow my real estate posts on FACEBOOK. Click here to LIKE my real estate page.​

Mortgage Rates Have Fallen Again…..Are You Ready?

Mortgage rates have fallen to kick off the Spring buying season.

Below are current historical low mortgage rates from my Team Mortgage Specialist.

Here is what you can do next.

Come to one of our informative Buyer Planning Sessions to discuss your real estate buying options.

Click on the image below to schedule a No Obligation meeting at our office to learn about the current real estate market and what you can do now to prepare for your home or condo purchase

David Stoddard Buyer Planning Sessions

 

 

Please contact me direct at or by email, David@DavidStoddard.ca

** You can follow my real estate posts on FACEBOOK. Click here to LIKE my real estate page.​

Condo Buyers, in ‘Enormous Shift,’ saying No Thanks to Parking

Great article in www.TheStar.com

When Barbara Lawlor first joined Baker Real Estate, a Toronto firm that markets and sells new condo developments, over two decades ago, selling a condo unit without an accompanying parking spot was a Herculean feat.

Today, only about a quarter of Baker’s clients are looking to buy parking spots.

“It’s an enormous shift in the buyer’s attitude,” says Lawlor, who is now Baker’s president. “People don’t want parking as much as they used to.”

Parking spots are falling out of favour with many condo buyers, thanks to the proliferation of car-sharing services and a greater emphasis on transit and walkability by city dwellers.

“If you’re on a really good transit route, you would certainly think twice about whether you need to buy a parking space,” Lawlor says, noting that a parking spot in a downtown Toronto development can cost around $50,000.

Louie Santaguida, president and chief executive of Stanton Renaissance, had planned to build up to four levels of underground parking at his On The GO Mimico project, a condo development under construction in the west part of Toronto.

Click here for more.

Here is what you can do next:

David Stoddard Buyer Planning Sessions

 

Please contact me direct at or by email, David@DavidStoddard.ca

** You can follow my real estate posts on FACEBOOK. Click here to LIKE my real estate page.​

10 Floors To Try Now For Your Home

Great article in http://RealtyTimes.com

Time to redo the floors? Confused about what to put down? There was a time when the only legitimate answer was hardwood. But today the options are endless. Here are a few you might want to consider.

Cork

Cork floors are long lasting, easy care, soft under foot, and a great choice for everything from kids’ rooms to bonus/play rooms to music rooms because of their insulation properties.

“Cork flooring also is much more comfortable to walk on than traditional hardwood and most certainly tile,” said HGTV. “Long gone are the days when cork was available in any color so long as it was blonde—today’s options span the color palette. Thanks to new factory finishes, cork is far more durable than it was just a few decades prior.”

Wood Look Tile

Whether your style is rustic or modern, there’s a tile product that can transform your home with a chic look, and also keep it easy to care for.

“Manufacturers have gotten so good at creating wood grain-like surfaces on ceramic and porcelain that it’s hard to tell you’re standing on tile unless you look very close,” said Flooring Concepts. “The plank-style tiles take the wood illusion one step further. You can get the look of wood at a more affordable price without worrying about scratches or refinishing. If well taken care of wood grain tiles will look great for years to come.

Wood Look Tile in a Herringbone Pattern

A classic pattern that brings extra interest to the floor, herringbone sets a beautiful foundation for any design style.

It takes a little longer to install and requires more product, but the result is undeniable.

Click here for more.

Here is what you can do next:

David Stoddard Buyer Planning Sessions

 

 

Please contact me direct at 416-520-6746 or by email, David@DavidStoddard.ca

** You can follow my real estate posts on FACEBOOK. Click here to LIKE my real estate page.​

Property Tax Assessment Deadline is Approaching

The filing deadline if you want to appeal your property taxes is March 31, 2015.

Market values have increased dramatically in Ontario since 2008 and most owners are seeing increases on the Property Assessment Notices they have received from MPAC. In some cases, the information that MPAC maintains on your property may be out of date or incorrect.

Attard Property Tax Services is a boutique law firm assisting property owners throughout Ontario obtain fair and equitable property tax assessments since 1992.

They will verify all the information that MPAC has on file for your property and obtain a Property Profile Report. They will also compare your assessment to similar sold and unsold properties in your area to determine its accuracy.

Use their convenient online form to signup for a free review of your MPAC Property Assessment. It’s that simple!!!

Complete their online Request for Reconsideration Form at https://www.propertytaxservices.com and they will take care of everything for you.

You will need the 15-digit roll number found on your Tax Bill or Property Assessment Notice.

Please contact me direct at 416-520-6746 or by email, David@DavidStoddard.ca

** You can follow my real estate posts on FACEBOOK. Click here to LIKE my real estate page.

Toronto Condo Hot List for the Week of March 2, 2015

David Stoddard Condo Tours
 

Here are my Top Picks for the Week:

 

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1171 Queen St W., #213

Price: $344,800 Beds: 1 Baths: 1 Sq Ft: 650

Queen St. West. Terrific Light. Floor To Ceiling Windows. Hardwood Flooring. California Shutters. Modern Kitchen. Two Large Pantries. Balcony With South Exposure. Inclusions:Stainless Steel : Fridge,Stove,Dishwasher, Microwave. Floor To Ceiling Buil

View this property >>

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1 King St W #2001

Price: $268,800 Beds: 1 Baths: 1 Sq Ft: 545

The Residences at One King West. Architecturally inspiring and ideally located. Tastefully Renovated Suite. Fully Furnished. Corner Suite. Windows In Every Room. Natural Light Galore. Terrific Floor Plan. City Views. 10′ High Ceilings. Shower an…

View this property >>

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1 Shaw St #528

Price: $369,000 Beds: 1 Baths: 1 Sq Ft: 550

Dna-One Of King West’s Most Sought After Buildings. This One Bedroom Unit Features A Great Layout, 9Ft Smooth Ceilings, Dark Hardwood Flooring Throughout.Spa Bath Featuring Granite Encased Tub And Vanity. Bbq Connection On Your Balcony. Inclusio

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33 Mill St. #2104

Price: $483,000 Beds: 2 Baths: 2 Sq Ft: 795

Spacious Sun-filled 2 Bedroom, 2 Bathroom Corner Unit Right In The Heart Of The Distillery District. Panoramic Views Of Lake Ontario And Distillery. Modern Kitchen, Granite Counter-top, Upgraded Hardwood Flooring Throughout. Inclusions: Stainless St…

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78 Tecumseth St, #912

Price: $334,900 Beds: 1 Baths: 1 Sq Ft: 550

The Minto King West. Bright And Spacious Floor Plan With Floor To Ceiling Windows, Beautiful Laminate Flooring Throughout. Modern Kitchen With Granite Counter-tops. Enjoy The Spa-Like Bathroom .Summer Nights On Your Huge North Facing Balcony With An…

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This Was Service Above and Beyond

My husband and I initially met with David Stoddard in the fall of 2013 when we were looking for a home. He took the time to meet with us to help us understand all the work you need to do in order to be in a position to buy a home. For me, this was service above and beyond! Next, David took us to see some homes. We decided to not buy at that time and a year later when we met with David again, it was like no time had passed.

My number one tip for working with David is to remember that he wants to help you find what you need and he does this with no pressure. Communicate with him and ask questions. David is a great listener and an expert in his field. If you are honest about what you want, he will find it for you.

We have decided not to look for a home right now but David did recently help us with the successful sale of a property. From start to finish, he guided us through the process taking care of all the details for a good number of showings right down to helping us find a lawyer at closing.

David comes with a great team of people friendly experts. They are as professional and caring as he is.

David a great person. You would be lucky to have him in your corner!

-Faiza and Earvin Venzant

GTA Real Estate Market Report January 2015

Strong Start to 2015

Greater Toronto Realtors reported 4,355 residential sales through the Toronto MLS system in January 2015. The number of transactions in January represented a 6.1% increase  compared to 4,103 transactions reported in January 2014.

The number of new listings reported in January were up by 9.5% compared to the same period in 2014. Active listings were 11,600 in January-down 2.5% from January 2014.

“The January results represented good news on multiple fronts. First, strong sales growth suggests home buyers continue to see housing as a quality long-term investment , despite the recent period of economic uncertainty. Second, the fact that new listings grew at a faster pace than sales suggests that it has become easier for some people to find a home that meets their needs,” said Toronto Real Estate Board President Paul Etherington.

The average selling price continued to grow on a year-over-year basis in calendar year 2014 with an 8.4% increase over calendar year 2013 to $566,726.

The average price in January was up by 4.9% from the same time last year to $552,575.

“Home price growth is forecast to continue in 2015. Low borrowing costs will largely mitigate price growth this year, which means affordability will remain in check. The strongest rates of price growth will be experienced for low-rise home types, including singles, semi’s and town houses. However, robust end-user demand for condo apartments will result in above inflation price growth in the high-rise segment as well ,” said Jason Mercer, TREB’s Senior Manager of Market Analyses.

Sales of Toronto (416 area code) condominium apartments increased by 6.2% from January 2014. The average selling price of a Toronto condo increased  by 4.5% from the same time last year to $382,458.

Condominium apartments accounted for 27.6% of total sales in the GTA for January 2015 while detached homes accounted for 45.8% of the total sales.

Other notable statistics include the average days on the market for January  at 31 days, down 13.9%. The sales-to-listings ratio for January was 37.5% which is classified as a seller’s market. A ratio from 24%-28% is considered a balanced market.

Sellers are looking for market value for their property. I prepare a comparative market analysis (CMA) for all of my Buyer clients prior to submitting an offer to determine the property’s market value range

Real estate is very neighbourhood specific, building specific  and even very street specific in some areas. The numbers as reported above are GTA averages. Results in one neighbourhood , on one street or in one building do not indicate that all other neighbourhoods, streets or buildings are experiencing the same results. We are still seeing multiple offers in some areas for the best homes and condos.Chart

Please contact me direct at or by email, David@DavidStoddard.ca

** You can follow my real estate posts on FACEBOOK. Click here to LIKE my real estate page.