I have been looking at downtown condos and I was wondering is there really a market for it? What kind of people would live there? Is it really hard to re-sell?

The building I am looking at is charging me $5000 for smooth ceiling.

Is this project dead?

If you paid 15% down on a $400K house, Tarion only protects $20,000, so does that mean the other $40,000 is gone?

Correct me if I am wrong: 1. Condo fees --> Maintenance fee? 2. City Taxes --> Property tax? What about Land transfer tax? 3. Your share of the mortgage. --> Is this the 10% deposit that builders typically asks on occupancy?

Does that mean buyers don't pay mortgage until the building is registered?

Thanks for the answers, just another one: When making deposit to builders, should it be held in trust or something? What if the developer goes broke? How do I protect myself from that?

Tridel is charging $550 psf for this building without parking, is it really worth it? The price is significantly higher than rest of the area.

I am a newbie looking to buy a pre-construction condo and I have some questions: 1. Do developers normally require that you get mortgage prior to signing contract? 2. Do developers require financial proof that you have enough deposit (15%~25%) prior to signing contract? 3. Is the closing...

Will bank lock interest rate for that long? If I get pre-approved for 4% now (5 year term), but when I actually take occupancy 2 years from now, the interest rate has raised to 6%, then I am screwed?

Thanks for the response. If I buy a pre-construction unit now and the oocupancy date is 2010, at what point in time do I start paying mortagage? Now or 2010?

Pre-construction condo questions I am a new to pre-construction condos and I have some questions. Here a typical advertisement of the deposit structure: 1. Does "balance to 5% in 30 days" just mean 5% of the outstanding balance? 2. When should I talk to the bank to get my mortgage? Now or...

i am interested too

What is the average price for aa 1 bedroom in this building?

http://business.theglobeandmail.com/servlet/story/RTGAM.20081208.wcmhc1208/BNStory/Business/home December 8, 2008 at 10:19 PM EST The condo building boom has come to a crashing halt. Overall housing starts tumbled 19 per cent in November, the slowest pace of residential construction...

It's over. Deal.

The time has come. So much for those who say price will never fall. ------------------ http://www.reportonbusiness.com/servlet/story/RTGAM.20080814.wmls0814/BNStory/Business/home Globe and Mail August 14, 2008 at 5:25 PM EDT Ontario will likely follow major cities in Western...

Here is why you CAN'T trust Real Estate Agents commenting on Real Estate industry. Some famous quotes from Dave Lereah, National Association of Realtors (NAR) in the US: August 2005: "There is virtually no risk of a national housing price bubble based on the fundamental demand for...

http://www.reportonbusiness.com/servlet/story/RTGAM.20080612.wbcmortgage0612/BNStory/Business/home/ If the mortage continues to go higher wouldn't that reduce demand and drive down the price?

Thanks, so how do I actually find an agent that can be trusted?