Some buyers received a letter from the builder's lawyer about the deposit evidence. In that letter, it also says the occupancy closing date will be Dec 25, 2020. Can this be serious? On a christmas date more than 8 years from now!!!
Getting the higher floors as investment... it's not as attractive as the lower floors. For 2B units, the premium is $55k (28th floor). That's $60psf extra... I'd pass...
I have the same thought as yours. The lower floor units at the VIP event were good deals. Higher floors without the $10k/$20k incentive are ok if someone plans to live there. How the future will turn out in 4 yrs is still a guessing game. Some people are more aggressive and some are more...
I agree. The lower level units at the VIP event are good investments. The risk of losing money is much smaller than the higher floors with $$$ floor premium.
I don't think it's a smart investment if someone assumes/predicts the market will be up in 4 years (based on a guess) and he/she does...
It's only a $5k price hike. From 5th to 28th, 20 floors premium ($1x00 1B, $2000, 2B) . 9' ceiling $10k premium.
For a 2B unit (28th floor), 5000 + 2000 * 20 + 10000 = $55000!!! Don't forget the $25k parking spot on top of that.
Say interest rate is 5%... monthly interest is about $940 (assuming 25% down)
Condo Fee is about $300
Property Tax is about $300
You need to rent it out for at least $1540 to break even. If you hire an agent to find the tenant, you need to pay 1 month of rent as fees. Then the rent must...
If HST is covered... units under $400k have no HST. units over $400k have partial HST. If HST is included, the $400k units seem better deal? I am confused...
I mentioned 28th floor because that's the next batch will be on sale next week.
I think 306k includes the parking. 668ft 5th floor with parking is about $416psf.
Ric, what's the break even price in $ psf for renting out assuming the rent will be about $2-2.25 psf?