Couture still has some 1 bedrooms and 1 bedroom plus den units available, starting from around $273K. 2 bedrooms starting from about $342K. This is a good opportunity to pick up an investment unit or even a place to live in on the east side of downtown, just a few minutes walk to Yonge and Bloor.

Special for buyers on Wednesday August 26th ONLY:

• $10K off the purchase price for 1 bedrooms
• $15K off for 1+dens
• $20K off 2 bedrooms
• $30K off 2+dens
• PLUS, free laminate flooring upgrade in the bedrooms for all purchasers (normally only standard in living/dining areas)

Prices are in the low to mid $500s per square foot for most units (before any discounts or incentives are applied).

For more information contact me.

I received an interesting email from Monarch today that stated:

Unsure of how the Harmonized Sales Tax (HST) will affect your condominium purchase?

Rest assured!

Let your confidence soar with Monarch!

Monarch understands your concerns about the Government of Ontario’s intentions to harmonize the PST with the Federal GST.

To ease your concerns of buying a new condominium and to assure you that the purchase price of your suite is not increased by the harmonized PST, Monarch has implemented a “Sales Tax Protection Plan*” which guarantees you that Monarch will pay the additional tax if the additional “Harmonized” PST applies to the Purchase Price of your Suite while this program is in place.

As the email states, Monarch is offering to pay the additional taxes incurred if the Provincial government goes through with its proposal to harmonize the PST and the GST which will effectively mean that all new homes and condos will be subject to a 13% tax (as opposed to just the 5% GST).

They are the first developer I have heard to do this. I suspect others will follow with similar promises.

Yet another example of a developer trying to instill confidence in buyers and stimulate demand in a stagnante market.

The most interesting thing from my perspective is that it shows that developers (even large ones like Monarch) are getting more responsive and are adapting faster to the marketplace. And they need to. Buyers are looking to buy in developments where they feel that the developer ‘gets it’ and does not have their head in the sand with respect to the current economic conditions.

Current projects by Monarch include Twenty Gothic at High Park, Couture at Bloor and Jarvis, and Vibe in Liberty Village, and Quay West at Tip Top.

I’d love to hear your thoughts. Leave me a comment or contact me directly.

Couture condos at Jarvis and Bloor. 44 40 Stories of elegance and class. Live the Yorkville lifestyle without paying Yorkville prices.

Sales have begun on this exciting project. Contact me now for the latest availability and pricing.

Suites from 557 to 977 square feet. Building amenities will include an indoor pool, fitness centre and more! Monarch is a very respected builder with many other projects in the GTA.