I have a client who is in the middle of purchasing a new condo and we are currently in our 10-day rescission period. I am helping my client do their due diligence in reviewing their contract with a lawyer, making sure the financing is in place for the deposits as well as the mortgage, answering [...]
HST Rebate: background info: I wrote about the HST issue a couple months ago, calling it the “Elephant in the Room” with respect to the pre-construction condo market. I wanted to follow up this post with my own personal experience with dealing with the HST rebates (New Residential Rental Property Rebate-NRRP) when buying a new […]
I attended a very informative and interesting seminar last night at the Market Wharf sales office. The event was put on by Context (the developer behind Market Wharf, Spire, Radio City) and was billed as a ‘Buying a Condo Seminar’. It was open to anyone who is on Context’s marketing email list. Normally I avoid […]
As I talked about in my previous post, understanding deposit structures and mortgage approvals is essential to purchasing a new condo from a developer in Toronto. However, what do you do when you can get the funds for the deposits, but you run into trouble when it comes to securing mortgage preapprovals? This can occur […]
Thousands of people visit my website every week, most looking for information about new condo developments in downtown Toronto. Many are now returning visitors or subscribers who keep checking back for the latest info on the hottest new developments in the city. Thank you to everyone for visiting and I hope you find what you […]
I get a lot of great questions sent to me by readers of my blog via my contact me page. Here is one that I thought would make for a good post. Mike B writes,  If I were to buy a unit at [X Development] and the project does end up being canceled, would I get […]
After nearly a year of massive declines in sales and stagnant or falling prices, it seems that new condos are back. Urbanation’s sales figures for Q2 2009 show a dramatic change from Q1. We aren’t back to the hedy days of 2007-2008, but 2963 units sold sounds a heck of a lot healthier than the […]
When you enter into a new condo sales office, the first thing the pretty girl behind the desk will say to you is “Have you been here before? / Can I get you to sign in? / Have you registered with us yet?”. Hmmm…you’ve got to ask yourself why they are so quick and in-your-face […]
When you buy a new condo in Ontario, you have 10 days after you receive your copy of the executed agreement of purchase and sale and the condominium documents to rescind on your agreement if you choose to do so. This can be for any reason whatsoever, technically you do not even have to provide […]
5 Things to Know About Occupancy Fees
December 10, 2008 / by Andrew la Fleur / Insights
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My Experience With the New Residential Rental Property Rebate (HST Rebate)
December 20, 2011 / by Andrew la Fleur / Insights
HST Rebate: background info: I wrote about the HST issue a couple months ago, calling it the “Elephant in the Room” with respect to the pre-construction condo market. I wanted to follow up this post with my own personal experience with dealing with the HST rebates (New Residential Rental Property Rebate-NRRP) when buying a new […]
Read more
Where is the Toronto Condo Market Heading?
October 8, 2008 / by Andrew la Fleur / Insights
I attended a very informative and interesting seminar last night at the Market Wharf sales office. The event was put on by Context (the developer behind Market Wharf, Spire, Radio City) and was billed as a ‘Buying a Condo Seminar’. It was open to anyone who is on Context’s marketing email list. Normally I avoid […]
Read more
Mortgage Approvals for Pre-Construction Condos: Part 2
August 19, 2008 / by Andrew la Fleur / Insights
As I talked about in my previous post, understanding deposit structures and mortgage approvals is essential to purchasing a new condo from a developer in Toronto. However, what do you do when you can get the funds for the deposits, but you run into trouble when it comes to securing mortgage preapprovals? This can occur […]
Read more
Why Use a Buyer’s Agent?
October 29, 2008 / by Andrew la Fleur / Insights
Thousands of people visit my website every week, most looking for information about new condo developments in downtown Toronto. Many are now returning visitors or subscribers who keep checking back for the latest info on the hottest new developments in the city. Thank you to everyone for visiting and I hope you find what you […]
Read more
What Happens to my Deposit Money if a Project gets Canceled?
January 21, 2009 / by Andrew la Fleur / Insights
I get a lot of great questions sent to me by readers of my blog via my contact me page. Here is one that I thought would make for a good post. Mike B writes,  If I were to buy a unit at [X Development] and the project does end up being canceled, would I get […]
Read more
New Condo Sales Back From The Dead
August 4, 2009 / by Andrew la Fleur / Insights
After nearly a year of massive declines in sales and stagnant or falling prices, it seems that new condos are back. Urbanation’s sales figures for Q2 2009 show a dramatic change from Q1. We aren’t back to the hedy days of 2007-2008, but 2963 units sold sounds a heck of a lot healthier than the […]
Read more
Protect Yourself: Never ‘Register’ With a Developer
August 24, 2009 / by Andrew la Fleur / Insights
When you enter into a new condo sales office, the first thing the pretty girl behind the desk will say to you is “Have you been here before? / Can I get you to sign in? / Have you registered with us yet?”. Hmmm…you’ve got to ask yourself why they are so quick and in-your-face […]
Read more
10 Days is a Long Time To Think
December 4, 2009 / by Andrew la Fleur / Insights
When you buy a new condo in Ontario, you have 10 days after you receive your copy of the executed agreement of purchase and sale and the condominium documents to rescind on your agreement if you choose to do so. This can be for any reason whatsoever, technically you do not even have to provide […]
Read more