Form Condos

We would like to announce some exciting news. Form Condos are going on sale this month. Royal LePage Signature Realty has been awarded Platinum VIP Access. The exclusive presentation will be held March 29th, 2016. Make sure to visit the previous link and sign up before this opportunity is lost.

The Form Condos are looking to be a great investment opportunity. Yes it is currently in pre-construction. As mentioned above it will start going on sale shortly. The location is wicked good. It is on 36-60 McCaul Street and 10 Stephanie Street in your favorite town of Toronto. It is designed as a mixed-use condominium development.

Are you ready for a short breakdown of Form Condo Development? The creators of this bad boy are Tridel and Osmington Inc. The proposal has be sent in for a 14 storey building which will have 184 suits. These are designed by a amazing firm that is used quite often, called architectsAlliance. Suits sizes will vary between 1 and 3 rooms. The building will have 3 storeys dedicated to a private art gallery. Naturally all tenants will have exclusive access to the gallery.

Form Condos is minutes away from town favorites like Nathan Phillips Square, Eaton Centre, OCAD University, Chinatown and much much more.

Tridel is an award-winning real estate developer. They have proven time and time again to make outstanding residential condominium developments.

Osmington Inc. is a private real estate company which is based out of Toronto. It is run by Canadian billionaire and media magnate, David Thomson.

architectsAlliance is a architectural firm who have architects, designers and technologists.

The combination of these 3 firms will surely inspire and meet the expectations of the public.

City Lights Condos coming to Broadway

Have you ever walked down a street in a nice city and you noticed beautiful lights in the skyline. I think this is one of my favorite views especially when you are looking over a lake. Having a view in a city does not come cheap, all real estate property that gives you great view comes with a high price tag. Now ask yourself how much would you pay for a premium location. Well one good thing at the moment in the real estate market is the low mortgage rates. Now two income families can afford a little more with a little less. Well if you are looking for a view either as a renter or buyer I would like to show you a great condo in one a great location. City Light Condos and apartments are now selling, renting, and leasing please visit their property management site at Here you will be able to get all the necessary information about the project, they have a few sales agents standing by to assist you in any manner

Check out the cool view that you will have overlooking the city

Renters please visit

Now isn’t the one of the coolest views that you can have? The city lays out before you and all you can see in the background is the light reflection of all the condos.

Living in the center of the city also has many advantages! Commuting is a breeze because you have access to the subway, buses and street cars. Also if you are in a rush you can always jump into a cab and because you are close to everything it will not cost you that much.

City Lights Condos will be in such a prime location you will be literally walking distance to everything that the city has to offer. If you are interested about this project please visit the link above the real estate representative will be able to help you out with renting, leasing or purchasing information. Don’t miss out on this great opportunity.

I will be visiting the sales/rent center next week, for me this is an ideal place to live and I am pretty excited.

Staging your real estate

Once you’ve decided to put your home on the real estate market, it’s time to think about staging. Professional home stagers would like to to believe that you can’t do the staging yourself. The don’t want you to know that you can, indeed, stage your own home. It’s not always it’s the easiest job, but you can do it yourself.

There are some basics you have to do before you an start the home staging process. First you’re going to have to declutter the house. That means personal pictures and knick knacks have to be packed away. After that comes cleaning. A deep cleaning. Next you make minor repairs – and freshen the inside of your house with a fresh coat of paint. Now you’re ready to start your home staging project.

The most difficult part of staging your own home is to emotionally disconnect from the home and its memories. One thing you might consider is asking a friend to help – someone you trust and who can help you with that disconnection.

Go through the house with a critical eye. Think like a buyer. If you were relocating into the Denver real estate market, for example, what would you want to see in a house? Remember, there are three primary types of staging that will help you do an effective job of staging your home.

The first is to set a mood or style for the house. If you’re in an upscale neighborhood, you want the furnishings to reflect that. If your real estate agent feels that you should be appealing to young families, you want the furnishings and rooms to reflect a child friendly feeling.

Next, you want to arrange your furniture to show off your home and its surroundings. Again, if you’re trying to sell property in the Denver real estate market and there’s a terrific view of the mountains from your back deck, you want to make sure the entry to the deck has easy access and the furniture on the deck invites you to step out and enjoy the mountain view.

Lastly, you want to look objectively at the house to see if value added changes would make the house more inviting. These are changes made to the house to create a more appealing atmosphere. A worn and dated medicine cabinet, for example, might need to be replaced. Is it possible to economically replace worn carpeting or light fixtures to update the house?

While it’s a challenge to remove yourself emotionally from your house in order to do the staging, the effort is well worth it and pays off, often in a shorter time on the market and a higher sales price.

Writing An Offer

Once the real estate hunting is over, and you have found your dream home, you will first need to write an offer to the seller outlining your wish to buy his home.  This may sound simple, as you may already have a figure in mind of what you are hoping to pay for the house. Writing an offer however needs to be thought over carefully as it is the first step that you are taking to owning a new home. You need to imagine how the seller would feel about your offer when they first see it, and you need to include all the relevant information.

Buying real estate might be the most important thing you ever do, but likewise, selling a home may be the start of a new life for the seller. The seller may have plans of relocating and buying a home abroad, and the outcome of the house sale may be a very relevant factor to their future plans. When you begin to write your offer, you will need to take the seller’s point of view into the utmost consideration, and make sure that you write a clear and concise offer.

An offer on real estate does not merely include the amount that you want to pay on the property. You should include details on the financing of the property, and what arrangements you have already made. Inform the seller about the deposit amount you are putting down, and what would happen if the sale fell through. Your written offer should also include any relevant dates, as well as what exactly is included in the sale. Does it come with a fitted kitchen or will that be removed?

Writing your offer should be thought through carefully, as it is the very first step to owning your new home. Your offer needs to look good to the seller as well as to you, as both of your futures rely on the transaction of the property to begin your new lives.

Importance Of The Asking Price

Are you considering selling your home or a piece of real estate and are not quite sure where to begin? Deciding on the asking price of your home is one of the most important things that you need to do.

The asking price is the amount of money that you will get for your home, and it will affect how much profit that you will come out with after the sale.  The asking price in real estate is typically one of the first things that a potential buyer will see, and it will either attract them or put them off from the start.

Put yourself in the shoes of the buyer and try to see what they see when they first lay eyes on your home. If your asking price is too high, then your property will be overlooked by many buyers who consider it to be out of their means.

You may have thought that it would be a good idea to start with a high asking price so that you have the option of going down. Although this is true, it will also significantly decrease the amount of potential viewers. Try to decide on something that is fair, and that will work out well for both you and the buyer.

Fed Sets New Guidelines For Certain Home Loans

Federal banking regulators proposed new standards regarding Option Arm and Interest only mortgages.

The use of Interest Only mortgages has increased by 30% over the last 5 years probably due to the meteoric rise of home prices.

According to CNN, “approximately 40% of homes purchased in 2005 were financed by either option ARM’s or interest-only loans”.

With an interest only mortgage the borrower pays only the interest on the principal. For example lets take a look at a loan that I posess. It’s an interest only mortgage from Countrywide on one of my investment properties. The loan type is described as a 30 yr fixed interest only at an interest rate of 7.25%. On a loan amount of $171,000, the payment is $1033 per month. This type of mortgage is an attractive option for real estate investors because it allows them to maximize their cash flow.

With a negative amortization mortgage or option arm (adjustable rate mortgage) the borrower has several monthly payment options. One option is to pay less than the interest owed which allows them to have a lower monthly payment, but they have to pay the piper at some point. The interest that should have been paid gets added to the original loan amount. As a result, the home owner could end up owing more money on their mortgage, not less after a given period of time.

The new Federal standards may require banks to increase their capital reserves as a protection against these riskier loans. When banks have to keep more of their cash on hand, less cash is available for lending which causes banks to limit offering these products.

A tightening of lending practices means less money for buyers to borrow which could affect and already cooling real estate market.

River City Condos

Sales Alert! Units are now selling, please register following the link below to reserve a unit for yourself.

River City Condo Phase 3 has just launched, a project by Urban Capital Property Group and Waterfront Toronto and is now registering for pre-construction incentives.  Located near Corktown at Bayview Ave & Easter Ave in Toronto. Please visit for investment opportunities.  

The Overview of River City Condos

The River City Condo project will be completed in 4 phases.  Phases 1 and 2 were wildly popular and sold out extremely fast. The Complex will be a  mixed-use development running north south. The Montreal based architect firm, Saucier + Perrotte will also be at the head of designing Phase 3 for River City Condos.

Phases 1 and 2 are located north of the Adelaide ramps, running from King Street East to Underpass Park.  The final two phases will be located south of the ramps, towards Don River Park and River Square. When all the phases of River City Condos will be completed the community will feature just over 1,100 residential units, which will include space for retail stores and townhouses.

West Don Lands

West Don Lands being a 80 acre district is seeing much improvement of the last decade.  LEED ND Gold has is developing the area which will ultimately see over 6,000 residences and will include schools, retail stores, a community and large parkland to relax and catch some rays.  Waterfront Toronto is overseeing all the phases of the project and has a beautiful master plan that is being executed yearly.

If you are interested in Phase 3 of River City Condos please register today and be the first to glace at the Floor Plans and Price List. The official website is with a VIP Platinum agent ready to reserve a unit for you.  Be ready with a pre approved mortgage because sales are go fast, but this is to be expected with such a hot development.

Scope out the newest rendering of River City Condos registration is finally open registration is finally open

If you need any more general information please have our agent contact you at any time with the latest news about floor layouts or pricing.  We are only considering serious buyers and investors have your pre approved mortgage ready to go.

Home loan Modification

It’s easy to understand how a home loan modification plan works, and even easier to see how it can help you. But home loan modification process is a different matter. It can be long and complicated, and if you’re not prepared, you can easily make costly mistakes. Each lender has its own way of going about the home loan modification plan, but even a working knowledge of the process can help you get better results. Here’s a simple step-by-step guide to help you out.

Find an agent. You may think it’s a waste of time paying a third party to help you out, but a good agent does more than make the calls. They also help you prepare for the home loan modification process and find useful strategies for negotiating with your lender.

Do the math. Knowing your numbers is vital to making your home loan modification plan. Get the forms you need ahead of time and gather the required financial documents. This will give you a clearer idea of your situation and help you set more realistic goals.

Some of the documents you’ll need are:

  • Tax returns and W-2 forms
  • Paycheck stubs or other proof of income
  • Bank statements
  • Mortgage bills
  • Property tax statements

Complete your financial worksheet. Most banks will have you fill out a worksheet detailing your monthly income and expenses. Little errors can delay the home loan modification process, so make sure your figures are as accurate as possible.

Write a hardship letter. This letter will explain to your bank why you fell into default and how the home loan modification plan can help. Make sure your reasons are accurate and valid, and have supporting documents on hand in case your lender asks for them.

Submit your application kit. Gather all your documents together and submit them to your lender, or have your agent do so. Make sure everything you need is in there—even one missing document can add weeks to the home loan modification process. Go over everything with your agent or attorney before filing your application.

The home loan modification process typically lasts 30 to 45 days, although delays can bring the wait time up to 90. Some banks are known to lose track of applications, and it’s your job to make sure your home loan modification plan is moving. Stay in touch with your lender and keep track of every conversation to avoid unnecessary delays.

Riverside Square Condos

Looking to move to Toronto? Have you looked at some new condos or lofts?  Well I would like to point your interest to a new development by StreetCar.   I have gathered some general information concerning this hot project coming to Queen Street.

StreetCar has launched their new exciting project which will be located on Queen Street. Riverside Square Condos and Lofts will be a welcome addition to a diverse Toronto neighborhood.  With the grand opening just days away buyers are excited to get a unit before it is available to the general public.  If you would like to save thousands of dollars and receive the best pre-construction visit the official website at

If you register today you will receive a package showcasing all pricing and available units before the scheduled launch date.  Which will allow  you to get the best price and a parking special deal.

Riverside Square Condos will house 4 Towers and will be built in two phases, Street Car who are well known for their unique and sought after lofts will have an easy time selling units.  The community is buzzing with excitement for this new addition to the queen street neighbor, riverside square condos are going to be a big hit and units will be selling fast.  Get yours today before it is too late.

RiverSide Square Lofts and Condos now open for business

RiverSide Square Lofts and Condos now open for business

Our super agent is standing by who has exclusive sales rights to Riverside Square. Take a second and follow the Universal Resource Locator state above, fill out the registration form and our agent will contact you within minutes to help you buy the loft of your dreams.  There is a good selection of units left, but they are going fast! If you want one, now is time or else you may be too late.

This development will have a nice list of apartments, with many layouts to choose from. The floor plans were designed to limit wasted space so you will be definitely getting your monies worth once you move into your new apartment.  Now a days I don’t even think they are called apartments most people refer to them as condos, doesn’t seem to matter to the buyer who has applied for a mortgage.

So if you are looking for place just right for you this may be the project.  Keep an eye out in the media for their launch date.  It should be in the next couple of months, and don’t forget to acquire a mortgage before you go and register.   Happy hunting!

Most Expensive Homes Sold EVER! $305 Million and $220 Million… What Recession?

In real estate, news spread like a wild fire when the new Tampa Bay Lightning owner Jeff Vinik paid a (Tampa) record $6 million for his new home on Palma Ceia Golf Course in South Tampa.  What was more amazing was he also bought the home next door for $3.2 million which was almost triple the price the owners paid only 2 years ago.  Well that was nothing compared to the luxury home just sold in Monaco which netted the sellers a profit of $291 million in just 2 years!

Nick and Christian Candy purchased the Monaco luxury penthouse in 2008 from widow Lily Safra for $14 million.   In 1999 famed philanthropist Edmond Safra died in a fire in the penthouse that was started by his nurse in an attempt to stage a rescue to make himself look good to the family.  The new buyer, rumored to be a Sheik, just purchased the property for $305 million, netting the seller’s $291 million in just 2 years!   Now that is a flip!  The penthouse features 17,500 square feet, 30 rooms, a spa, and theater.

The Monaco sale easily eclipses the previous worlds most expensive home sold just 2 months ago in London for $220 million.  Located in London’s prestigious Hyde Park neighborhoord this 2 story penthouse has bullet proof windows as it’s most unique feature.  The Penthouse is part of the high rise development One Hyde Park which has 86 other residences available, if you are more budget conscious, starting at a mere $20 million…