Why are the best condos south of Yonge/Eglinton? Not even concerning about the location, the quality, style and architecture sets the standard so much higher.
Best Condos
- Thread starter EntertainmentMan2000
- Start date
i don't necessarily agree but in theory they can charge more so have more margins to put into quality
how far south will u go? built already or willing to wait? u should pick up a copy of New Homes and Condos magazine. they are free on many corner boxes.
Look around there are many condos located outside the area that are pretty good in various categories. The Marilyn Monroe towers in Missisissauga are an architectuural marvel.
I have a question. I'm thinking about selling my run down Toronto house since apparently it's worth over a million and moving into a condo. I'll probably just rent first. What condo building has the most hot young girls? I've visited a few buildings and I've been very impressed with the talent. Any tips would be appreciated.
I read an article in the globe and mail recently that stated the new condos being built with floor to ceiling glass are nothing but trouble.Apparently in about 15 yrs the seals around the glass will start to fail and cause leaking.It will cost the owner huge money to fix.Anyone else heard of this?
my first tip would be that hot young girls usually don't date people who are old enough to have run down houses worth a mil.
LOL I don't think this is an issue. It sounds like stickonice wants to invest $500,000 in a condo so he can oogle pretty girls in the elevator.
There was a short discussion of this on CP24 about a month ago, saying exactly what you have stated.
I'm a house guy myself, but if I was to go Condo, I think I'd be looking for location location location.
A friend has a condo down in the Distillery District. Basically, it's a shoe box within a shoe box. Nice enough place, but base everything (oh, and granite countertops, gotta have the granite countertops)
Another friend has a condo down at skydome. It depresses me to visit him. He's a lazy fuck to start with I guess, but he's never done a thing to it since he moved in (and it shows). A typical "single lonely guy" place. Builder beige, mish mash of furniture, boxes, etc. looks semi run down after less than 10 years.
I like that 1 Bloor East for location, but they haven't even gotten out of the ground yet.
A friend has a condo down in the Distillery District. Basically, it's a shoe box within a shoe box. Nice enough place, but base everything (oh, and granite countertops, gotta have the granite countertops)
Another friend has a condo down at skydome. It depresses me to visit him. He's a lazy fuck to start with I guess, but he's never done a thing to it since he moved in (and it shows). A typical "single lonely guy" place. Builder beige, mish mash of furniture, boxes, etc. looks semi run down after less than 10 years.
I like that 1 Bloor East for location, but they haven't even gotten out of the ground yet.
If you think the Distillery District condos are a shoe box, wait until you see the 1 Bloor East condos! I had a couple in my hands during the pre sale event but I walked away from 1 Bloor when I realized they were going for $1000 a foot. Too pricey IMO, despite the location.
Most of the newer downtown condos are shoe boxes unless you spend way over a million, then it's modestly bigger, multi millions will get you a decent size.
can you imagine the property taxes on something like that? there are people with a lot of money in this city.
I was condo shopping for about 8 months and visited quite a few units. What struck me was this:
1) They are overvalued and much of the overinflated pricing is fueled by speculators.
2) If you believe that paying $400K plus for a average 700sq ft unit with an initial maintenance fee of $500/month($700-1000 after a few years) in the general vicinity of the downtown core is finicially sensible then go for it. Units of 1000sq ft+ go for $700-800K.
3) Many of the units that I saw were either empty or rented.
4) Supply will eventually outstrip speculator demand and/or speculators will finally sense that it's time to unload and when that happens do you really want to be holding a unit that will see it's value drop 20% plus.
5) The Toronto condo market like the CDO's of the mid to late 2000's......financial instruments in the sky. Tiny little holes in the sky....
1) They are overvalued and much of the overinflated pricing is fueled by speculators.
2) If you believe that paying $400K plus for a average 700sq ft unit with an initial maintenance fee of $500/month($700-1000 after a few years) in the general vicinity of the downtown core is finicially sensible then go for it. Units of 1000sq ft+ go for $700-800K.
3) Many of the units that I saw were either empty or rented.
4) Supply will eventually outstrip speculator demand and/or speculators will finally sense that it's time to unload and when that happens do you really want to be holding a unit that will see it's value drop 20% plus.
5) The Toronto condo market like the CDO's of the mid to late 2000's......financial instruments in the sky. Tiny little holes in the sky....
Yep. Except a lot of the suckers who are being lured into buying the new / yet-to-be-developed condos are from overseas, so you've got an endless supply of investors who might take a while to clue into the fact that there really isn't enough demand to justify all the new developments. So it might take a while for the bubble to burst... which will just make it worse when it finally does.
100K people per year immigration to GTA + sprawl restrictive Green Belt Act + people wanting to live downtown + lack of purpose built rental stock = continuation of demand for condos
This is only half true.
Floor-to-ceiling glass is typically modular or unitized curtain wall, usually hung from "hooks" connected to the slab edge and hung from bottom floor and out. These are very safe, and almost never give way. They are sealed, but a sealant failure won't cause the whole panel to fall out since it's hung to the structure of the building itself. In fact, it's harder for the panel to fall out than the glass shattering from air pressure. The falling glass stories from last summer were mostly balustrade glass.
Sealant failure, however, will cause driving moisture in or out of the building (depending on how high you live) and cause some sort of moisture damage. While in theory this is devastating, the difference between moisture failure in a condo and a house is quite different. A condo which uses unitized curtain wall doesn't really have anything behind it to damage with water, whereas moisture failure in a home's wall will cause rotting in the insulation and wood studs/structure or even the drywall. This type of damage in condos falls under envelope which is covered by the building management fee. What you might notice is your management fee rising steadily, but that typically happens in all condos anyway.
This, as far as I know, is the story and what we're taught at architecture school.
