Yes in order to keep property taxes lower, until it's time to sell.
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Toronto-Age |OT4| Molested by a Burger Priest
- Thread starter EvilMario
- Start date
ProfessorMoran
Member
$500k is definitely NOT a good price for starting families in Toronto. That said, condos around the area with at least 2 bedrooms (some with 1+1 sunroom) go for around $400k with basically few amenities. A $350k mortgage (with $150k down and probably another $10k for other fees) will run you $1500 a month and that ain't chump change, that's not including property tax, gas, hydro and utilities.
The point is not to have a condo building on every block and at every corner when there's already a mid/low rise every other block, that's not good city planning.
This isn't about packing people into a city block, that has already happened, it's about affluent townhouse(I can't even mow my own fucking lawn)/condo residents + condo developers vs affluent house owners.
ProfessorMoran
Member
Do you live in the stores?
Unless you rent upstairs if the building is dual purpose, the answer is no. If every block has a condo/townhouse complex, you're not going to have too many shops because those two story buildings where the shops are located wouldn't exist.
Pretty much. I've been to a super new Korean restaurant (forget what it's called) and it seemed unnatural. Any other type of restaurant, fine.
That does remind me, I do need to find a good seafood restaurant. Glad I dodged this particular 40 year old bullet.
Junior Mint
Member
It must be Kuro
Kuro Madoushi
Unconfirmed Member
D:
D;
Hey, screw you too!
I hope you pass out from heat exhaustion from that suit and tie! >=[
Junior Mint
Member
Already stopped wearing ties. So god damn hot!
I fear for you for when Summer actually starts.
John Blade
Member
I guess no one here know about this but they was a PostSecret Live! show in Toronto at Hart House Theatre in Toronto today. I manage to go for the event and it was very interesting and touching I have to say.
I guess most people should have an idea of what is Post Secret but if you don't, it's a website where people send they secret by post card (or email, paper, bags of coffee, etc) to this person in the States where he share it on the site every Sunday. I am a fan of it and do go to the site on and off over the years.
The show was great and did few pictures but not many as they don't let people take pictures or video for it. Did bought a new book for and got a signature for it and a pic of the person. Will need to post it up once I bring my camera back in.
I guess most people should have an idea of what is Post Secret but if you don't, it's a website where people send they secret by post card (or email, paper, bags of coffee, etc) to this person in the States where he share it on the site every Sunday. I am a fan of it and do go to the site on and off over the years.
The show was great and did few pictures but not many as they don't let people take pictures or video for it. Did bought a new book for and got a signature for it and a pic of the person. Will need to post it up once I bring my camera back in.
KnightHart
Member
Good lord I can't even
Junior Mint
Member
Yeah... I'm fucked.
I saw the Union art today. Holy shit it's like a holocaust museum down there
500k for a new TOWNHOUSE condo absolutely is a good price, not a unit in a tower. Believe me I know, I just bought one at that price after looking around for a very long time.
500k for a new TOWNHOUSE condo absolutely is a good price, not a unit in a tower. Believe me I know, I just bought one at that price after looking around for a very long time.
thank god we waited until the lighting was installed before judging the union station artwork
it's really uplifting now
wtf
See, this guy actually took steps to fix it instead of whining about it. Good for him.
Ha, the view doesn't match.
doctorcdcs
Member
Anyone else watching the Omar Khadr interview on CBC?
Fixed that for you.
Kuro Madoushi
Unconfirmed Member
It mirrors the state of Toronto Sports.thank god we waited until the lighting was installed before judging the union station artwork
it's really uplifting now
What does that have to do with anything? The area has tons of character and also a lot of the large condos in the area we are talking about have retail on their ground floors. So yeah quite a few of the people in the high rises do 'live in stores' as you seem to define it.
doctorcdcs
Member
Well, that certainly was an interesting documentary.
thank god we waited until the lighting was installed before judging the union station artwork
it's really uplifting now
It's still fucking depressing. Thankful I don't have to go by that every day.
ProfessorMoran
Member
Where did you buy?
Unless you have a big downpayment, $500k basically means a pretty big mortgage, young families don't always have that kind of money. A significant number of these townhouses aren't sold to young couples, they're sold to investors with foreign money hoping to flip a $500k townhouse (I don't think there are many $500k units) for $700k and a $700k one for $900k.
You know why you had to look so long for a place? It's not supply, it's the increased demand from speculators, foreign investors and real estate agents starting ridiculous bidding wars.
ProfessorMoran
Member
Not many condos in the area actually have stores on the ground floor and those that do you either have a shoppers or a nail salon, a lot of the shops are in old two story buildings along Yonge, if you're building the kind of condos you have in the area those stores that give you that "character" would disappear.
I bought in North York. There are lot of new condo townhomes in that range, being developed all over the city. 500k is a lot for sure, but compared to what you'd be paying for a house or a condo apartment in Toronto, it's got great relative value. A lot of these are indeed sold to young couples.
This is a place my friends (age 26ish) bought recently:
http://hendonpark.com/location/
It was explicity marketed to younger couples. It gives you something closer to a house without having to deal with all the maintenance that would entail. It's exactly what younger families want. Sure there are certainly flippers, but that's unavoidable in this market.
I dunno, that whole Northtown complex is great. So many nice shops at the base of the condos. Some of my favourite restaurants in the area are there. Actually a lot of the condos here have shops. The biggest one, Hullmark is going to have a Guu in it so I'm pretty happy with that development
thank god we waited until the lighting was installed before judging the union station artwork
it's really uplifting now
I have no idea why this was commissioned by this artist. I'm not knocking the artist's style or work, but I don't think something like this belongs in a subway station. It's borderline creepy and sad to look it.
So long, ghost boat
I never even heard of that place before today. Apparently the food was disgusting but it was open for 40 years anyway?
$500K is a lot but not outrageously unreasonable for a young dink couple. will help ease into the eventual jump to detached as well.
Kuro Madoushi
Unconfirmed Member
Even by Byford's own metrics, they've fallen well short of their own target goals for weeks now.
We should celebrate MLSE teams on there instead. They'd be a good representation of disappointment.
The Elite
BOSS
It was always more of a tourist attraction.
I remember walking by it but had no interest in it.
Quite a lot do. Check out Northtown way for example like Divvy said. There's a lot of ways to be smart about designing high rises so they aren't just people living blocks.
And I've never said anything about not needing a mix of building types. Yonge/Sheppard to Yonge/Finch is great because it has a very diverse mix of office buildings, small plazas, two storey commercial, small ethnic groceries, restaurants, bars, and quite a lot of high rises with ground floor stores.
Your assertion that the Yonge/Sheppard to Yonge/Finch strip lacks character was just plain wrong.
I told my co-worker there are better options in the area instead of Captain John's. Such as a hot dog cart on Front Street. I have personally never heard anyone having a good experience there.
The Elite
BOSS
thank god we waited until the lighting was installed before judging the union station artwork
it's really uplifting now
Just to the left I think there is a creepy dude staring at her.
Junior Mint
Member
^^ lol.
Man I miss having a car.
Man I miss having a car.
There's still one holdout on Front that sells hot dogs for $2 and sausages for $3. Props.
Eh, I still prefer that to the leprechaun.
Purolator screwing up once more. They claim no name on the buzzer, but Brual is literally the third name down on a list of about 20 names. I'm betting they didn't even bother to enter the building. Live Chat reps always sort it out and second delivery comes through, but why even bother with the original delivery if you're just going to make people call in?
And let's never forget those 8 memorable posts from Purolator Helps on here..
And let's never forget those 8 memorable posts from Purolator Helps on here..
The Elite
BOSS
I think I would take the leprechaun over this.
impressive
all the street meat vendors in the burbs are at like $4.50 for sausages now