Showing posts with label Condos. Show all posts
Showing posts with label Condos. Show all posts

Monday, April 13, 2015

Number of High-Rise Condominiums and Townhomes for sale in the Square One City Centre Area and the Central Erin Mills area of Mississauga

There are many high-rise condos and townhomes for sale in the central City Centre (Square One) and Central Erin Mills areas of Mississauga - as of April 13, 2015 

This area is bounded by 403 to Webb Drive, Confederation to just east of Robert Speck Parkway, see the map below for exact boundaries.

The number of condos for sale in the City Centre area of Mississauga are:
·         bachelor condos for sale - 10
·         1 bedroom condos for sale - 208
·         2 bedroom condos for sale - 222
·         3 bedroom condos for sale - 12

The number of townhomes for sale in the City Centre area of Mississauga are:
·         bachelor condos for sale - 0
·         1 bedroom townhomes for sale - 7
·         2 bedroom townhomes for sale - 14
·         3 bedroom townhomes for sale - 8

Central Erin Mills is bounded by Britannia and the 403, Winston Churchill to Erin Mills on the east from Britannia to Thomas, then Thomas approximately over to the Credit river, see the map below

The number of condos for sale in the Central Erin Mills area of Mississauga are:
·         bachelor condos for sale - 0
·         1 bedroom condos for sale - 9
·         2 bedroom condos for sale - 10
·         3 bedroom condos for sale - 1

The number of Townhomes for sale in the Central Erin Mills area of Mississauga are:
·         bachelor condos for sale - 0
·         1 bedroom townhomes for sale - 1
·         2 bedroom townhomes for sale - 1
·         3 bedroom townhomes for sale - 16
·         4 bedroom townhomes for sale - 0

I will update this number from time to time to see if there is any trend up or down over time.

Have a great day!
Mark

City Centre Boundaries below

Central Erin Mills Boundaries below

Thursday, June 20, 2013

42 Story Condominium Tower to be built at Erin Mills and Eglinton by Daniels Erin Mills across from Credit Valley Hospital!

The image below shows, in part, a request for an Official Plan Amendment and Rezoning to permit at 42 story condominium apartment building

This is another phase of DANIELS ERIN MILLS CONDOS

42 Story Condominium Tower to be built at Erin Mills and Eglinton by Daniels Erin Mills across from Credit Valley Hospital!

Daniels posted a giant sign at the corner of Erin Mills and Eglinton earlier this year, 2013, announcing Downtown Erin Mills condos! "Coming Soon"

Daniels has purchased the south west corner of Erin Mills and Eglinton just across from the Credit Valley Hospital a total of 6 acres.

In the end, the site will have a total of 3 high rise towers, see the site plan below.

The West Tower will be the first of the 3 towers to be built. 

The tallest of the 3 buildings will be 42 stories tall.

For comparison purposed, the Park Mansion at 45 Kingsbridge Garden Circle is one of the tallest  buildings in Mississauga north of the 403 at highway 10 and it's 38 stories  tall, the condo building that they are planning on building at Erin Mills and Eglinton is 42 stories tall!

They are also building two sister buildings at Erin Mills and Eglinton two  25 story buildings!

The Absolute buildings the last two towers (Absolute World 4 & 5) called the  Twisted Sisters are the tallest buildings in Mississauga at 50 and 58  stories tall!

Mississauga is a first class city with very tall buildings

I'll update you as more information comes becomes available!

All the best!
Mark

Wednesday, March 13, 2013

4th quarter 2012 Average prices for condominium units based upon the number of bedrooms in the Mississauga City

Toronto Real Estate Board (TREB) Average Prices and Graph
This chart below shows the average prices for condominium units based upon the number of bedrooms in the Mississauga City Centre breakdown for the 4th Quarter of 2012






















For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com

Monday, January 07, 2013

What are Special Assessments on condominium properties?

What are Special Assessments on condominium properties?

A special assessment is an additional payment or a levy that a condo board  has to impose when unexpected shortfalls or unexpected expenditures occur in  the budget, or when an expensive system has to be replaced (i.e., windows,  mechanicals) and there is not enough money in the reserve fund to cover for  it.

Special assessments often occur in condos that were built before 2001, when  reserve fund studies were not mandated by the previous Condo Act. As a  result, developers and boards failed to build up sufficient  reserve funds  for future replacements.

The fact that the owners have paid this already means that you will not have  to assume the additional payments when purchasing this condo, which is  great.

Buying a condo townhome is the same risk as buying a condo apartment -  anytime you buy a condo you are becoming responsible for the debt of the  condo (shared with the other owners). Condo townhomes are less likely to  have special assessments as there are not as many expenses due to less  amenities in the building.

As an agent, we ensure to request a status certificate that your lawyer  would review to make sure the  reserve fund of the condo is in good standing and has sufficient money.

As for the increase in condo fees, they usually increase each year, but the amount varies and it is stated in the status certificate for each particular building. It is usually a small amount (under $20.00) but again, each
situation varies.

If you have any further questions or would like to view this condo please let me know.

Thank you!
Mark Argentino
Mississauga Real Estate

Friday, April 02, 2010

What is so "critical" about a Status Certificate when selling a condominium in Ontario?

What is so 'critical' about the status certificate when you buy a condominium in Ontario?

When I am representing the seller, I tell them the status certificate is critical.

What I mean by " critical " is that we have nearly zero control over the content of the status certificate and how the buyers lawyer interprets the information contained within it.

If there are any issues with the financial status or operation of the condo (current or future) the buyer has the option to back out of the sale.

Most often the buyer and the buyer's lawyer is fine with the status certificate, but there are many issues that could arise. This is why I say it's the critical condition. Financing and inspection conditions are quite straightforward.

I'm not trying to scare you, these are just the facts.

Most Status certificates are fine, but once I receive the status certificate, I will copy the first 5 to 7 pages, these are the most important and specific pages to your particular unit (the balance of the status certificate is about 50 pages of budgets and legal information about the condo complex, and nothing particular about your unit) and I like to have a copy of these pages in the event of further discussion with the other agent or solicitor, more as a reference.

Typically, the status certificate for a condo should be fine as long as there are no new issues that you the seller does not know about.

I hope this helps,
Mark

Friday, January 22, 2010

Ratio of Sales to active listings in west Toronto Mississauga and GTA Real Estate Marketplace

This graph shows you the past 12 months in the west zones only and shows the number of sales divided by the active listings ratio for the in Toronto Mississauga and GTA Real Estate Marketplace
This indicates that about 55% or so of homes on the market are selling, this is very high compared to historical data that shows about 40 to 45% of active listings sell. Again, another indicator that our housing market is quite hot in the west GTA


Toronto Real Estate Board (TREB) Average Prices and Graph

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1

BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com

Tuesday, March 31, 2009

Confusion at Kingsbridge Gardens Circle Condos Mississauga

If you've ever driven on Kingsbridge Garden Circle and looked for one of the condos, you know the numbering is very confusing.
This post will tell you exactly where the condos are.
When you are located at the corner of Highway 10 (Hurontario) and Kingsbridge Garden you head west from that point and the very first set of traffic lights west of Hurontario and Kingsbridge Garden Circle has a street running to the north and the south. On the south side are the green buildings, called the Emerald Centre, there is a Rabba in that building.
Now to confuse things, the condo located at 50 Kingsbridge Garden Circle is on the south side of the street on the west side after your turn left at the lights. The street name to the left (south) is named Tucana Court, but 50 Kingsbridge Garden Circle condo is on that street, very confusing!
On the north side of this intersection, where the HSBC and newer strip plaza at the corner of Highway 10 and Kingsbridge are located is where there are 4 condos.
As you head north on this large dead end street, there are two condos on the left and two on the right.
The first building on the left is 55 Kingsbridge Garden Circle, which is also called the Mansion
The second building on the left is 45 Kingsbridge Garden Circle and it's called the Park Mansion.
The two buildings on the right side are the newest buildings in the area and they are called Skymark West, and the first building on the right is 25 Kingsbridge Garden Circle and the second building is 35 Kingsbridge Garden Circle
See the actual locations at this link:
These links below will take you to information about each building in the area.
None of these buildings are less than 6 years old. The Mansion and Park Mansion are about 18 years old.
I hope this helps you navigate this trick area!
All the best,
Mark

Thursday, November 13, 2008

Mississauga Condos for sale, building names and locations

Search any Condo building in Mississauga or surrounding areas. The pictures and list below shows the names and addresses of most of the highrise Condominium Buildings in Mississauga

Toronto Real Estate Board (TREB) Average Prices and Graph http://www.mississauga4sale.com/Mississauga-Condominium-Building-Names.htm

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1

BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com

Wednesday, November 12, 2008

Mississauga Condominium purchase advantages of buying and owning

I thought I would share this article with you. It covers some of the advantages of buying and owning a condominium in Mississauga and surrounding areas

Condos have become an increasingly attractive home ownership option for many people. Whether you’re a young couple looking for affordable housing, or a retired couple wanting to downsize because their kids have moved out, there is likely a condo for sale to fit your needs. A condo is a viable option for anyone who wants to own a home without the worry of repairs, maintenance and dreaded chores like snow shovelling. Condos require little work, and are maintained by the association, so the condo owner does not have to be concerned with certain maintenance activities.


As well, many people are turning away from the single-family home market and becoming more interested in the condominium market. There are three main reasons why condos are gaining such popularity: they are economical, convenient, and easy to maintain.

1. Economical. In general, condos cost less than traditional single-family homes. Some experts estimate condos are as much as 20 percent cheaper than their single-family home counterparts. Within recent years, such value has given a real boost to condominium sales.


Condominiums will increase your buying power. Condos usually sell for 20 to 30 percent less than similar detached homes, so it is an ideal option for a first time buyer with a limited budget. You will have all the luxury of owning your own home, but will be able to share the cost of upkeep on the building. For most buyers the choice is to buy a condo that meets their living needs or continue to rent.

Condominiums usually cost less to maintain than detached homes. The replacement cost of a high rise roof may be more in absolute terms than replacing the roof of a detached single-family home, but the cost per owner should be less. Depending on the cost of the repair, there should be enough money from the association fees that can cover the repair without any additional cost.

2. Convenience. Condo living can be extremely convenient. Typically, condos are strategically built near the heart of a city, where most business and entertainment establishments are located. People are choosing to forego the commute required by suburban living, opting instead to centre themselves in the city. By avoiding a long drive or train ride into work, condo owners enjoy more leisure time and a reduced-stress lifestyle.


Condominiums have amenities that some people could not otherwise afford, such as swimming pools or tennis courts, their own community centre with exercise rooms and much more.

3. Easy to maintain. Condos are also popular because they require little effort toward maintenance. Homeowners know that they are responsible for all of the upkeep and repairs that are associated with keeping a house in good shape. On the other hand, condo owners typically don’t have to worry so much about matters of upkeep or liability. Condos are typically managed by a board that makes decisions regarding repairs and other maintenance issues. With condos, taking care of your property is a very hands-off experience that usually involves the periodic paying of fees and the choice to participate, if desired, in regularly-scheduled, condominium board meetings.

Condominiums are ideal homes for first-time buyers, small families or people without children, retired couples and vacationers. While a condo can be the first step on the ownership ladder, it is often a good stand-alone investment in real estate. If the above qualities are appealing to you, you should learn more about the Condo market in your area.

See Mississauga Condos at this link: http://www.mississauga4sale.com/Mississauga-Condominium-Building-Names.htm


I wish you all the best!
Mark

Wednesday, September 03, 2008

RE/MAX Reports Solid condominium performance bolstered by affordability in the first half of 2008

Solid condominium performance bolstered by affordability in the first half of 2008, says RE/MAX

Mississauga, ON (September 3, 2008) - Showing remarkable resilience in a complex real estate environment, sales of condominium apartments, town homes, and lofts moved ahead of 2007 levels in 30 per cent of districts examined in the GTA this year, according to RE/MAX Ontario-Atlantic Canada.


Condominiums proved to be as solid an investment as single-detached homes in 2008, with property values of both rising virtually across the board in the first half of the year. The average price of a condominium appreciated in close to 87 per cent (52/60) of Toronto Real Estate Board districts examined by RE/MAX -- with 20 per cent (12/60) reporting double-digit increases from January to June 2008, compared to one year ago. Willowdale, Lansing (C07) topped the list of best performers, with a 14.66 per cent increase in values, rising from $258,884 to $296,854. Thornhill (N02) placed second with a 13.3 per cent increase, bringing average price to $290,709.

Both Willowdale and Thornhill saw nominal increases in sales activity as well, rising 2.8 and 3.5 per cent respectively. The downtown core (C01), including King West, secured third spot with an 11.35 per cent increase in average price, bringing values in the area to $355,201 from $318,974 one year ago. Lawrence Park (C10) saw an 11.3 per cent increase in values, rising from $350,916 to $390,589, and a 5.7 per cent increase in unit sales, rising from 174 in first half of 2007 to 184 in 2008. Cabbagetown (C08) placed fifth with a 10.82 per cent increase in average price, rising from $301,224 to $333,818.

"Condominiums experienced upward momentum during the first six months of the year, despite an overall lag in the marketplace," says Michael Polzler, Executive Vice President and Regional Director, RE/MAX Ontario-Atlantic Canada. "Their entry-level price point --between $200,000 and $300,000 for a small, one-bedroom unit downtown - clearly struck a cord with a broad range of purchasers. And while singles, empty nesters, and retirees, remain driving forces in the condominium market, a new demographic has emerged - young families. This active segment of the market is fuelling demand for town home developments throughout the central core."


Toronto Real Estate Board (TREB) Average Prices and Graph

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1

BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com

Monday, February 04, 2008

Condo prices on the rise in Toronto and GTA

Condo Prices outpace Detached homes in parts of the GTA in 2007

For the first time, the average price of a condominium in some GTA districts last year rose at a higher rate than single-detached houses.


In the GTA's central core district, the average condo price in 2007 jumped by 12.2 per cent (to $327,559 from $292,064), according to Re/Max Ontario-Atlantic Canada. In the same year, the average price for single-detached homes in the same district went up by 11.5 per cent (to $910, 906 from $816,938).


In the west end, condo prices increased by 7.3 per cent, single-detached prices by 6.6 per cent.


"Condominiums are clearly a viable – and now financially feasible – alternative to single-detached housing," says Michael Polzler, executive vice-president of Re/Max Ontario-Atlantic Canada.


Condo prices rose by double-digit amounts in 12 of 63 Toronto Real Estate Board districts in the GTA last year, Re/Max said in a statement. The best-performing district was Bayview Village, where average condo prices jumped by 40.8 per cent (to $340,113 from $241,611).


As for single-detached homes, their average prices increased by double-digit amounts in 13 of those 63 TREB districts, led by Forest Hill, where the average price climbed by 21.1 per cent (to $1,028,960 from $849,697).


Read more about Price Trends


Search the MLS or read more about Interest Rates, Power of Sale Properties, Price Trends and more at my website. Homes for Sale


Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,


Mark



A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate


Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.

Providing Full-Time Professional Real Estate Services since 1987

( BUS 905-828-3434
2
FAX 905-828-2829 ÈCELL 416-520-1577
E-MAIL : mark@mississauga4sale.com
8 Website : Mississauga4Sale.com




Wednesday, January 23, 2008

RE/MAX Reports Condominium appreciation outpaced single-detached housing


New Report from RE/MAX Condominium appreciation outpaces single-detached housing
values in key GTA districts in 2007
, says RE/MAX

Mississauga, Ontario (January 23, 2008) Condominiums experienced unprecedented upward pressure on average price in 2007, surpassing gains reported in the single-detached category for the first time in key GTA districts, including the central core and west end.

According to RE/MAX Ontario-Atlantic Canada, the average price of a condominium rose 12.2 per cent in the central core in 2007 ($327,559 vs. $292,064) while values in the west end jumped 7.3 per cent from $215,036 to $230,749. Statistics for single-detached homes reveal an 11.5 per cent increase in average price in the central core ($910,906 vs. $816,938) and a 6.6 per cent increase in the west ($417,407 vs. $444,945) during the same period.

"Condominiums are clearly a viable—and now financially feasible—alternative to single-detached housing," says Michael Polzler, Executive Vice President and Regional Director, RE/MAX Ontario-Atlantic Canada.

"With so many purchasers forced to compromise on their choice of housing, the ever-growing return on investment in the condominium market is proving to be quite the consolation prize."

Despite higher prices across the board—approximately 20 per cent, or 12 of 63 Toronto Real Estate Board Districts, experienced a double-digit increase in average price in 2007—the condominium lifestyle allows purchasers to live in the GTA's most coveted communities at a fraction of the price of a single-detached home.
The best performing markets in 2007 include top-ranking Bayview Village (C15), leading with a 28.9 per cent increase in average price year-over-year ($241,611 vs. $340,113); Yorkville, Annex (C02) in second place with a 23.9 per cent increase ($494,861 vs. $650,379); and Rosedale, Summerhill (C09) in third place, with values 17.2 per cent ahead of 2006 figures ($462,067 vs. $558,435).
Forest Hill, Deer Park (C03) and Swansea, Roncesvalles, South Parkdale (W01) both tied at 14.8 per cent—$514,823 vs. $604,924 and $246,900 vs. $289,872 respectively claiming fourth place, while SE Mississauga, Applewood, Rathwood (W14) rounded out the top five at 14.6 per cent ($180,279 vs. $211,185).

"Condominiums now outsell single-detached homes two to one in the central core," explains Polzler.

"Condo sales have accounted for an increasing percentage of the marketplace in the central, west, and northern districts since 2005. The trend is expected to continue as affordability levels diminish, particularly in the central core. It's also important to recognize that the vast majority of these purchasers are end-users and speculation is a rare occurrence in the resale condominium market."

Although they carry some pretty hefty price tags, single-detached homes continued to post solid gains as well, with approximately 21 per cent or 13 of 63 Toronto Real Estate Board districts, reporting increases over 10 per cent in 2007. The best return on investment occurred yet again in proven blue chip neighbourhoods. Forest Hill (C03) led the way with a 17.4 per cent increase in average price in 2007, rising from $849,697 in 2006 to $1,028,960. Leaside (C11), Lansing, Willowdale (C07), and Bathurst Manor, Armour Heights (C06) placed second, third and fourth, with prices rising 14.2 ($791,083 to $922,607), 13.4 ($537,891 to $621,185), and 12.2 per cent ($523,736 to $596,551) respectively year-over-year. Thriving Port Credit (W12) placed a strong fifth with a percentage increase of 11.7 per cent in average price, bringing single-detached housing values in the area to $577,461 from $509,380 in 2006.

"When it comes to bricks and mortar, homeownership can be cost-prohibitive," says Polzler. "The surge in condominium sales and prices is a glimpse at the future. Not only is the condo lifestyle more widely accepted, it is also highly coveted by many. Location, price, amenities, views, low-maintenance living—it's the ideal package for a growing number of purchasers. As such, price growth and demand are expected to continue strong into 2008. "

RE/MAX is Canada's leading real estate organization with over 17,500 sales associates situated throughout its more than 640 independently owned and operated offices across the country. The RE/MAX franchise network, now in its 34th year of consecutive growth, is a global real estate system operating in over 65 countries. More than 7,000 independently owned offices engage 120,000 member sales associates who lead the industry in professional designations, experience and production while providing real estate services in residential, commercial, referral, relocation and asset management. For more information, visit: http://www.remax.ca/.

read more about Price Trends at my site


Search the MLS or read more about Interest Rates, Power of Sale Properties, Price Trends and more at my website. Homes for Sale


Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,


Mark


A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate


Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.

Providing Full-Time Professional Real Estate Services since 1987

( BUS 905-828-3434
2
FAX 905-828-2829 ÈCELL 416-520-1577
E-MAIL : mark@mississauga4sale.com
8 Website : Mississauga4Sale.com


Monday, January 14, 2008

Condo sales bring 2007 to a strong finish!

Condo sales bring 2007 to a strong finish!


January 7, 2008 -- Brisk condo sales in December brought the 2007 Greater Toronto Area resale housing market to a strong finish, Toronto Real Estate Board President Maureen O'Neill announced today.


"Typically condominium apartment transactions comprise just over 20 per cent of total sales but in December they accounted for more than a quarter of resale activity," said Ms. O'Neill. "Condos are often more affordable than other housing options and they show particularly well in winter."


Increasing by 12 per cent over the previous year to a total of 93,193 sales, 2007 was the best year ever for GTA resale housing activity and December's 4,646 sales came within two per cent of the best performance for the month, set in 2001.


The average price in December was $394,931, which resulted in an annual increase of seven per cent from the previous year.


The most active areas in December were in the City of Toronto.


Riverdale (E01) saw a 75 per cent increase in transactions compared to December 2006, primarily based on semi-detached home sales.


In the Mimico area of Etobicoke (W06) transactions were up 57 per cent, driven by a significant increase in the sale of condo apartments.


In North York, (C14) sales increased by 44 per cent compared to last December, as a result of strong detached home transactions.


Toronto's Downtown East (C08) experienced a 59 per cent increase compared to the same timeframe a year ago due to strong condominium and semi-detached home sales.


"We saw strong, stable monthly performances throughout 2007, which illustrates that consumers now recognize it's always a great time to buy or sell their next home," said Ms. O'Neill.


See more about condominiums in Mississauga


Search the MLS or read more about Interest Rates, Power of Sale Properties, Price Trends and more at my website. Homes for Sale


Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,


Mark



A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate


Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.

Providing Full-Time Professional Real Estate Services since 1987

( BUS 905-828-3434
2
FAX 905-828-2829 ÈCELL 416-520-1577
E-MAIL : mark@mississauga4sale.com
8 Website : Mississauga4Sale.com