Thank you everyone for your careful suggestions, I am more risk averse and dont want to go there for the next three years with the amount thats in question, I guess GIC would be the only low return safest way to carry the money. I also think i am leaning towards the way urbandreamer has...

Here is what my situation, my wife does not have any funds in her bank account but i do (RRSP AND GICs etc). and I am planing to explore options for getting funding from second career for her once her lay offs comes through - "due to happen next year beginning." Assuming that i continue...

Cofident specualtion indeed, however i was thinking why are majority of these folks going nuts on buying these condos if that would be the case, Also was wondering - if a builder sells a condo in a pre construction sale to be occupied 4 years form now for instance while the money if held with...

I purchased a unit at Ultra as well however did not hear anything from the sales rep and did not at the time put any caps on ! It would be interesting to see how this gets dealt with, just was checking with you if you know this could be clause which could cause a big last minute expense !?

getting back to the price, understanding these old condos are cheaper - has the value gone down over the time ? a few of them a extremely low cost as compared to the new tiny condos that are being built all over Toronto !!!

Looking for input from UT users especially for those who did not cap their meter installation and other related charges !? Any one who got ripped off at the time of closing only for not putting a CAP at the time of signing agreement of purchase ? All input will be appreciated ? thx

Understanding that suggesting the right time to buy any currency is next to impossible, but would you think this time when the rate comes to par (hopefully in the next two months or so) - one should buy USD for long term may be wait for it to appreciate in about 3 year time or so !? that would...

Was speaking with a friend who also bought a place through same builder and it really seems like good to have it all capped, but the flip side is not too bad even, these are charges as they come from the service provider and are usually standard - no huge $$$ catch for the builder there

I am curious too, Is it retail outlets or would it be offices ? If its retail, I hope they do sell it to reputable retailers and hopefully make the setup look more presentable and sober :)

I am leaning towards GIC too as i am not in a position to risk any penny out of this potential down payment for my future home. What would be the best GIC rates available for 3 years - would any one know ? Are bonds also a good idea. Being as new as i can be to this - wondering what would be...

Nice Idea, but what guarantees that US will rise to that level, wht if it went further down ;)

Guys, need some advise. I do have around 10K CAD that i am thinking best way of investing in a way where i can have the money grow, I will not be need access to these funds until about next 3 years . any suggestions as to what would be the best way to make this amount grow !? thanks in advance.

Comparing that with a new condo of approx 700 sqft costs around 290K (for instance the ones near donmills and sheppard) comes to about 401 per sqft. Not only they are expensive but are also extremely compact, Jsut curious on consensus as to Should there be a choice what would be the best option...

Hey Newbuyer. Just curious how much is one exposed in terms of risk factor if the installation fee is not capped !? Mine aint capped and i am worried if they are going to charge me a furtune and make me short of my downpayment :( It can only be capped ofcourse prior to cool down period ends but...

To add to that question, where is typically the assignment clause located? would it be somewhere in the agreement of sale document ? Is there a default of not having such a clause in any pre-con condos or would it vary from builder to builder !?

Forgive me guys if i sound lost here, But is it now a done deal that sheppard east will be a LRT for sure ? I understand no other options were put forward, but does this mean LRT will the the way to go ? I wonder how sheppard would look particularly the strech from Victoria park to Donmills...

Just wondering (based on the site plan that i saw) Once Ultra gets built it will be closer towards the turning point on sheppard for yorkland. That should keep the 2nd brown building away from blocking the view, am i correct in my assumption here or would the brown building be all these...

Sorry I meant 23rd and not 21st floor (apologies). I received this information by one of the RE agents that is helping me to make a decision. What do you think in general about the price point and the view to the outside from that Condo for higher floors.

Seeing whats available in the market for resale as far as Condos go, is priced at much lower rates then the new ones being built ! The gap between the prices seems to be huge - Also after reading all the horrible forums where the forum users have to say all bad things about Condos, I am starting...

How soon after occupancy would generally a Condo start to loose its value. Assuming we are in a steady market - after i move into a new condo, is it smarter to live in it for a couple years prior to selling it or is it better to sell a unit that has never been lived in ? I am seeing resale...