Progress of the demolition of the brown buildings The pictures were taken on Nov 12, 2010.

Progress of the demolition of the brown buildings This picture was taken on Nov 8, 2010.

Sounds like the brown building will be tearing down soon These are the photos that I've taken on Oct 12, 2010

Moving in Tenants are moving into the new rental buildings. I saw a few balconies had some stuff earlier this week.

Thanks for the update. Last year, the sale rep told me the same thing. The builder just makes it official now.

85% sold Phase 1 is now about 85% sold.

Hi Eric, I should have sent you a reply earlier but I was away for a 3-week vacation. My lawyer spent quite some time reviewing all the documents. I was able to make a few amendments to the contract. If you still need a lawyer, I will send you his contact number.

BMO Mortgage Report: Are Canadians Better to go Fixed or Variable? I found an interesting article about mortgage rate: http://www.bmonesbittburns.com/economics/focus/20091023/feature.pdf

TD does not finance or does approvals for anything over 2 years. She suggested me to contact her in Dec.

Will do

Are there any banks offer fixed rate mortage for 2+ years later? I checked with the mortgage specialist with TD. Here is her reply, "For builder deals, we can usually book rates 1.00% off the posted fixed rates for up to 2 years if they are on our builder’s list. I don’t see El-Ad as an...

No problem, my future neighbour. It says "48 months rate guarantee". My understanding is the rate is capped to prime rate for 48 months but prime is a variable rate. Let's say closing will be 3-year from now. Case 1) prime rate at 2012 will be 2%, my mortgage rate will be 2%. Case 2) prime...

Hi newbuyer, According to Albert, fixed rate mortgage will be available around mid-2010 or end-2010. He will contact me when this option becomes available. Please see the attached for the latest rate.

Will do. I will try to ask for "volume discount" too. My coworker and his friends were able to negotiate a better "group rate".

I believe not but there is no harm to ask. Do you want me to give Albert a call tomorrow?

Yes. I have the same understanding too. It's cap to prime rate. The rate could be 4-5% when closing. But there is no obligation. We can always shop around and get the best rate before closing.

Mortgage Rate This is the flyer that I got from the sales office on Oct 3, 2009. It should have been changed to Prime now. Pls see the attached.

Yep. I will get variable prime rate within 48 months for a 5-year term. According to Albert, the rate has dropped last Friday to prime (not prime + 0.3%). Albert is a mortage specialist with RBC. Karen gave me his card as RBC partners with Emerald City. My agent also recommended him. I...

I got the "flyer" from the sales office on Oct 3, 2009. Variable rate prime + 0.3% for 4 years.

RBC Homeline Plan Mortage loan variable @ 2.25% (prime rate). Last week, it was prime + 0.3%. I heard from Albert that it was dropped last Friday.