- Thread starter Adjei
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innsertnamehere
Superstar
Buranku
New Member
Pretty much at ground level 
Just got a few questions. This is my first pre construction condo so i am very excited for this project
1) closing date - has the closing date officially been changed. I still do not think it will be done by the original closing date (Oct 2017), But this site says it will be done Fall/winter 2018 https://www.buzzbuzzhome.com/ca/the-yorkdale-condos
I got nothing from the lawyer, that is why i am asking. Also; when will i know the official closing date? will my lawyer inform me? or will i get something in the mail?
2) condo fees - is there tax on condo fee? example: the original condo fee is $0.54 per sq ft, do we pay 0.54 or 0.54 + 13% per sq ft.
Just got a few questions. This is my first pre construction condo so i am very excited for this project
1) closing date - has the closing date officially been changed. I still do not think it will be done by the original closing date (Oct 2017), But this site says it will be done Fall/winter 2018 https://www.buzzbuzzhome.com/ca/the-yorkdale-condos
I got nothing from the lawyer, that is why i am asking. Also; when will i know the official closing date? will my lawyer inform me? or will i get something in the mail?
2) condo fees - is there tax on condo fee? example: the original condo fee is $0.54 per sq ft, do we pay 0.54 or 0.54 + 13% per sq ft.
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salsa
Senior Member
ACRE
New Member
Been on UT way too long without signing up, decided to contribute where I can, first post!
Original occupancy date was Oct, 2017. From the looks of it will be delayed until at least Spring 2018 IMO (?). However there will be an official notice sent from builder to you or lawyer if change in expected occupancy.
Best idea of a pending occupancy is they will contact you to go for a PDI (pre delivery inspection) and that means occupancy not long afterwards.
Closing date, which you mentioned, is a different date (where the building is registered as a condominium / you need your financing for this date) usually 3-12 months after occupancy (varying on different factors such as building height and construction speed of units above yours, any other delays that others can expand on)
Would suggest googling "interim occupancy vs closing"
No tax on condo fees directly as in your example above. However the condo fees is used to pay for services/work that has HST, if that makes sense
I'm excited for this project as well,
Pretty much at ground level
Just got a few questions. This is my first pre construction condo so i am very excited for this project
1) closing date - has the closing date officially been changed. I still do not think it will be done by the original closing date (Oct 2017), But this site says it will be done Fall/winter 2018 https://www.buzzbuzzhome.com/ca/the-yorkdale-condos
I got nothing from the lawyer, that is why i am asking. Also; when will i know the official closing date? will my lawyer inform me? or will i get something in the mail?
2) condo fees - is there tax on condo fee? example: the original condo fee is $0.54 per sq ft, do we pay 0.54 or 0.54 + 13% per sq ft.View attachment 102475
Original occupancy date was Oct, 2017. From the looks of it will be delayed until at least Spring 2018 IMO (?). However there will be an official notice sent from builder to you or lawyer if change in expected occupancy.
Best idea of a pending occupancy is they will contact you to go for a PDI (pre delivery inspection) and that means occupancy not long afterwards.
Closing date, which you mentioned, is a different date (where the building is registered as a condominium / you need your financing for this date) usually 3-12 months after occupancy (varying on different factors such as building height and construction speed of units above yours, any other delays that others can expand on)
Would suggest googling "interim occupancy vs closing"
No tax on condo fees directly as in your example above. However the condo fees is used to pay for services/work that has HST, if that makes sense
I'm excited for this project as well,
salsa
Senior Member
April 2
Demolition is starting for the other building, located on the East side of Allen Rd.
Demolition is starting for the other building, located on the East side of Allen Rd.
moon2n
Active Member
Yorkdale Condominiums Construction Update
Construction in phase one at Yorkdale Condominiums is moving along as the project is now above grade.
We are currently pouring walls and columns to the second floor and you can begin to see the concrete structure form on the Ranee Avenue side of the site.
Revised occupancy dates will be forwarded to all purchasers in phase one by mid June.
With regards to phase two, the City of Toronto is currently undertaking the servicing on Varna Avenue , which includes water, sewer, sanitary and road work. A portion of this work needs to be complete before the shoring and pilling can begin. We are anticipating a construction start in late June or early July.
Construction in phase one at Yorkdale Condominiums is moving along as the project is now above grade.
We are currently pouring walls and columns to the second floor and you can begin to see the concrete structure form on the Ranee Avenue side of the site.
Revised occupancy dates will be forwarded to all purchasers in phase one by mid June.
With regards to phase two, the City of Toronto is currently undertaking the servicing on Varna Avenue , which includes water, sewer, sanitary and road work. A portion of this work needs to be complete before the shoring and pilling can begin. We are anticipating a construction start in late June or early July.
salsa
Senior Member
salsa
Senior Member
moon2n
Active Member
moon2n
Active Member
moon2n
Active Member
The two buildings' address & postal code:
A: 160 Flemington Rd, M6A 0A9
B: 120 Varna Drive, M6A 0B3
A: 160 Flemington Rd, M6A 0A9
B: 120 Varna Drive, M6A 0B3
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