Comments on: Where is the Toronto Condo Market Heading? http://www.truecondos.com/condo-market-prediction-2008/ New Condo Development Specialist Thu, 10 May 2012 22:36:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Andrew la Fleur http://www.truecondos.com/condo-market-prediction-2008/comment-page-1/#comment-1297 Andrew la Fleur Tue, 28 Oct 2008 16:53:11 +0000 http://andrewlafleur.com/?p=280#comment-1297 I don't think there is going to be much of a difference in what units in these two buildings will rent for. Rental rates are not usually determined building by building, they are more determined by geographic area, neighbourhood. Both buildings will have direct subway access and access to shopping and restaurants. Both will have similar levels of amenities. In the eyes of a renter, they will be very similar. I don't think you'll see any more than 5-10% difference in rental rates between the two buildings. I don’t think there is going to be much of a difference in what units in these two buildings will rent for.

Rental rates are not usually determined building by building, they are more determined by geographic area, neighbourhood.

Both buildings will have direct subway access and access to shopping and restaurants. Both will have similar levels of amenities. In the eyes of a renter, they will be very similar. I don’t think you’ll see any more than 5-10% difference in rental rates between the two buildings.

]]> By: Allison http://www.truecondos.com/condo-market-prediction-2008/comment-page-1/#comment-1296 Allison Tue, 28 Oct 2008 14:36:40 +0000 http://andrewlafleur.com/?p=280#comment-1296 Now given that situation, which one do you think can rent out for a better price? Do you think Hullmark can reap in greater rental profits as oppose to Gibson Square? Which one do you think has greater potential in terms of resale value and rental profits combined? In terms of just the resale value, I completely agree with what you have said in the above. And even though the date of occupancy isn't here until 4 years from now, the current economic situation does bother me to some extent. It's interesting to see the upcoming changes in the Yonge-Sheppard area and its effects. Now given that situation, which one do you think can rent out for a better price? Do you think Hullmark can reap in greater rental profits as oppose to Gibson Square? Which one do you think has greater potential in terms of resale value and rental profits combined? In terms of just the resale value, I completely agree with what you have said in the above. And even though the date of occupancy isn’t here until 4 years from now, the current economic situation does bother me to some extent.

It’s interesting to see the upcoming changes in the Yonge-Sheppard area and its effects.

]]> By: Andrew la Fleur http://www.truecondos.com/condo-market-prediction-2008/comment-page-1/#comment-1289 Andrew la Fleur Mon, 27 Oct 2008 19:15:36 +0000 http://andrewlafleur.com/?p=280#comment-1289 Good question Allison. Personally I think that <a href="http://andrewlafleur.com/hullmark-centre" rel="nofollow">Hullmark Centre</a> is a little over priced. Yonge and Sheppard has a lot going for it these days and this project has the potential to really change the area for the better, but I'm not sold on the idea the notion that the area can command prices that we are still seeing in prime downtown projects right now. <a href="http://andrewlafleur.com/gibson-square" rel="nofollow">Gibson Square</a> is a little more in line with pricing I would expect at Yonge and Sheppard. Good question Allison.

Personally I think that Hullmark Centre is a little over priced. Yonge and Sheppard has a lot going for it these days and this project has the potential to really change the area for the better, but I’m not sold on the idea the notion that the area can command prices that we are still seeing in prime downtown projects right now.

Gibson Square is a little more in line with pricing I would expect at Yonge and Sheppard.

]]> By: Allison http://www.truecondos.com/condo-market-prediction-2008/comment-page-1/#comment-1286 Allison Mon, 27 Oct 2008 17:30:58 +0000 http://andrewlafleur.com/?p=280#comment-1286 So, how does this look for the condos about to be built for Yonge and Sheppard? Hullmark, Gibson, Emerald, etc. The Hullmark one in particular seems to be relatively pricey in comparison to others. It's a nice concept, but do you think that one is worth it? For a 2 bedroom unit, it looks like it costs $100,000 more than others. Everything is only still a concept. I understand they're probably going for the more high end market, but does such a market exist in the Yonge and Sheppard area. This looks like something we would normally see downtown? So, how does this look for the condos about to be built for Yonge and Sheppard? Hullmark, Gibson, Emerald, etc.

The Hullmark one in particular seems to be relatively pricey in comparison to others. It’s a nice concept, but do you think that one is worth it? For a 2 bedroom unit, it looks like it costs $100,000 more than others. Everything is only still a concept. I understand they’re probably going for the more high end market, but does such a market exist in the Yonge and Sheppard area. This looks like something we would normally see downtown?

]]>