Encore Condos- Invest at Scarborough Town Centre- Take advantage of VIP discounts

Investors and home owners are contacting me to find out the price range and what units are still left.  So  I thought I'd just update everyone at the same time.  According to Monarchs Sales Reps about 40% of the units are already sold... probably higher as that conversation took place on the weekend while buying an investor unit.

Today's conversation:

1.  Some studio units and about 10-1BR units are held for the public when it is opened up to the public.  Most 1BR and Studios are sold.

2.  1Br + Den units - there is only 1 South unit and a few West units left.  North and East there are plenty still to sell.  The reason being they are facing the EQ1 Condo building and Centro Condos currently under construction.

3.  2BR + 2WR - SW facing - last time I heard they were sold out.  I've bought a couple and sold a few myself.  If you are seriously interested I can sell one of my units to you.  Must be purchased by April 13th.

4.  2BR + Solarium - SE facing- there are plenty units left.

In a nutshell if you are thinking of investing at Scarborough Town Centre then you need to act fast.  The VIP sale discounts have been extended... if you want to take advantage of them contact me ASAP... plus get a complete price list, unit layouts and worksheet to complete to get access to the discounts.

Prices:  Studio – from $139K,  1 Bedroom – from $190K,  1 Bedroom + Den/ Solarium – from $245K, 2 Bedroom – from $327K, 2 Bedroom + Solarium – from $354K

Read my previous blogs:  1. Running the Numbers "Monarch Encore Condos" Investment Opportunity and 2. Exclusive Condo - 39 Floor Beauty at Scarborough Town Centre - Encore at Equinox to get background and Investing Information.

Contact: Jas Jagpal, Remax Sales Representative E-mail: jasjagpal@rogers.com  C: 647-272-6629 

 

Posted via web from Markham's #1 Real Estate Blog

Rising Loonie... near Par again.

By The Canadian Press

The U.S. dollar has been driven downward in recent weeks by rising oil prices and continued economic instability.TORONTO - The Canadian dollar is flirting with parity with the U.S. dollar, a level it has not hit since July 2008.

 

 

The loonie, on the other hand, has been supported by the relative strength of the Canadian economy and confidence that Canada has not taken on more debt than it can handle, worries that persist for the United States and many European nations.

 

At mid-morning, the currency was up 0.46 of a cent to 99.63 cents US. Last week it rose 1.75 cents US on strong economic data and surging commodity prices.

 

Economists don't expect the loonie to rise quickly to the heights it reached around US$1.10 back in November 2007, but rather feel it will waver around parity for a while.

 

A high loonie is a boon to cross-border shoppers but a curse for many manufacturers and exporters as the price for their goods becomes less attractive to international buyers, especially in the U.S., Canada's biggest market.

Jas's Note:  This isn't good news for our manufacturers and tourism industry who depend on a low dollar to sell exports and be affordable to tourists.  How will this play out for the Housing market?  As long as we don't see significant job losses... we'll be just fine.  After all you can't get a mortgage unless your employed.  Keep an eye out on employment figures in the next few months.

 

Jas Jagpal, Remax Dynasty Realty, jasjagpal@rogers.com  647-272-6629

 

Posted via web from Markham's #1 Real Estate Blog

GTA Real Estate Market UPDATE

 

 GTA REALTORS® REPORTING MARCH MID-MONTH HOUSING STATISTICS 

 

TORONTO, MARCH 17, 2010

- Greater Toronto REALTORS® reported 4,353 sales through 

the Multiple Listing Service® (MLS®) during the first two weeks of March.   

 

This represented a 70 per cent increase compared to the 2,562 sales recorded during the 

same period in 2009 when resale transactions had dipped markedly due to the recession.  

The mid-month sales total was also 16 per cent higher than the previous March mid- 

month high reached in 2006. 

 

“The spring-like weather in the first half of March brought the first green sprouts of the 

recurring spring market.  Every year, monthly sales climb steadily through May,” said 

Toronto Real Estate Board President Tom Lebour.  "People are buying homes because 

they are confident in the current economic recovery and mortgage payments on the 

average priced home remain affordable." 

 

The average price for March mid-month transactions was $440,153 – a 20 per cent 

increase over 2009.  New listings within the Toronto Real Estate Board boundaries were 

up 34 per cent to 8,540.  

 

"Look for double-digit annual price increases to cease later in 2010, as new listings 

rebound from the low levels experienced in 2009," said Jason Mercer, TREB's Senior 

Manager of Market Analysis. "Increased listings will give buyers more choice, resulting in 

less upward pressure on home prices.” 

 

file:///Users/jas/Desktop/Picture%206.png

Posted via web from Markham's #1 Real Estate Blog

Did you get this Right??

both is correct…. most people get caught up in the concept of time and assume the faster plane is closer…. or others think the slower plane is close since it hasn’t travelled as far.. but both are irrelevant… since what is asked is when they “meet” intersect… hence they are at the same place.

Did you get this Right??

Two planes take off at the same exact moment.They are flying across the Atlantic. One leaves New York and is flying to Paris at 500 miles per hour. The other leaves Paris and is flying to New York at just 450 miles per hour. Which one will be closer to Paris when they meet?

 

Post/ Email your answers... I will give you the answer in a few days.  83% of oxford students answered in 3 seconds and 77% got it wrong.

;)

Jas Jagpal, Remax Dynasty; jasjagal@rogers.com

Posted via web from Markham's #1 Real Estate Blog

Rising Interest rates... how will that affect you?

I'm not sure if you have heard or not... but interest rates are predicted to rise 1-2% this year and another 2-3% for next year.  If that does occur as is expected, have you considered how that will affect your financial portfolio?  Yes besides the HST and the new rules on Mortgage loans, higher interest rates will be the third strike to try to prevent a housing bubble (yes...the craziness we see in the current Toronto Market).

My biggest concern is for those whose mortgages will be coming up for renewal and those who currently have a variable mortgage (closed or open).... how will you handle a 2-4% interest increase... and are you aware of how much higher your monthly payments will be if that is the case?

You should start planning now!

If you were a first time home buyer... and put 0-5% down on your home and are over leveraged- you ought to be really concerned.  At the minimum you should consider locking in for 5 years now if you already haven't and look into diligently paying down your debt.

Have any real estate or mortgage related questions... email jasjagpal@rogers.com and our team of financial experts will get back to you.

 Jas Jagpal, Remax Dynasty Realty Inc.,at Markham Rd & Steeles Ave

Posted via web from Markham's #1 Real Estate Blog

March 3, 2010