Recently I have been encouraging my clients to see past the hype of the latest flavour-of-the-month condo projects and consider buying at existing new developments that may be as much as 80-90% sold out. Some of these are offering excellent value compared to their newly launched competitors.

Common wisdom says that the best time to buy a new condo is always at the VIP stage – the earliest possible point where prices will always be lowest.  This is usually true, but when a developer sees a lineup outside his sales centre that is 2 blocks long before he opens his doors, rest assured he is going to tell his sales department to raise the prices because they are obviously not charging enough! The end result is many buyers who buy at these VIP events are shocked when they compare the price they paid with the price they thought they were going to pay based on pre-VIP sale advertised price points.

Here are 5 units that are currently available for purchase with only 5% total deposit at two great developments at King and Spadina – M5V and Victory, and one in Liberty Village – Liberty Market Lofts. This is a true 5% down, with nothing further due at occupancy.*

1. M5V Condominiums – “M17″ unit, 721 Sq Ft, 1+den, 29th floor, $442K
2. M5V Condominiums – “M30″ unit, 852 Sq Ft, 2 bed, 26th floor, $502K
3. M5V Condominiums – “M23A” unit, 763 Sq Ft, 2 bed, 30th floor, $471K
4. Victory Condominiums – “Darling A” unit, 765 Sq Ft, 2 bed, 11th floor, $405K
5. Liberty Market Lofts – 885 Sq Ft, 1+den, 5th floor, $385K

*Disclaimer: Limited time offer. Prices and conditions subject to change at any time. Information is deemed to be accurate but truecondos.com/wp and Andrew la Fleur do not guarantee accuracy. Some conditions apply. Contact me for details.

For a limited time, my clients have the ability to purchase select suites at these three highly successful downtown developments with only 5% total deposit. Normally the deposit structure would be 15% + 5% at occupancy.

The suites that qualify at Victory and Liberty Market Lofts are all the remaining 2 bedroom units. At M5V, the suites that qualify are all remaining units priced over $600K.

This offer is not available to the general public, and this offer is not available to general agents and brokers. This is a one-time perk that my clients can enjoy with these developments because I am a member of the “Platinum Agent” club for Lifetime Developments, BLVD Developments and TAS DesignBuild.

Please contact me asap if you are interested in purchasing a unit at one of these projects. This is a very limited and exclusive offer-don’t delay!

July 4th update: Over 120 units sold in the first 3 days of the relaunch. Project is now over 80% sold. Prices on all suites have gone up $15,000 on all units. Parking is now $25,000 (up from $19,900), Assignment fee is now $5000 (up from $17).

Contact me now if you are interested in buying a unit at Liberty Market Lofts.

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OK, did all the developers in the city hire the same marketing company or is common sense finally making a come back in the Toronto new condo market?

Liberty Market Lofts by BLVD and Lifetime Developments is the latest developer to announce that they are:

• Lowering prices
• Reworking the building plans to introduce new floor plans
• Having a one-time sales event to launch the new prices and plans
• On top of these 3 items, they are offering 5% deposit (certain conditions will likely apply)

LML launched back in April 2008 and like many projects that launched in ’08, they have yet to reach their sales targets to begin construction. Given the current pace of sales these developers realize they have to do something drastic (or at least seemingly drastic) to boost sales and meet their lenders requirements to get these buildings built!

Details are limited at this point, but the sales event is set for June 27-28. No word yet on whether there will be a broker’s event prior to that. BROKER’S SALES EVENT SET FOR THURSDAY JUNE 25. Contact me if you would like to attend.

I always liked this project with it’s 2-storey loft units and boutique size located in the heart of Liberty Village. I hope they get the sales they need to get this thing to break ground.

For floor plans check the developer’s official site.

Questions? Contact me.

Liberty Market Lofts in Liberty Village. VIP sales are happening now! Please contact me for more information.

Live/Work Lofts in Liberty Village is a project by BLVD and Lifetime Urban Development Group.

Building features include up to 17′ ceilings, hardwood floors, and Chef inspired kitchen finishes including stone countertops and undermounted sinks.

Don’t miss out on the VIP sales. Buy before the public and save. Suites starting at only $159,990.

Contact me today if you are interested in purchasing a unit at Liberty Market Lofts.

Coming soon from BLVD developments: Liberty Market Lofts in Liberty Village. Register now for your opportunity to buy before the public at an exclusive, invitation only VIP sales event.

Liberty Market Lofts will be live-work lofts priced from the mid 200s with an eye on the creative professional in all of us. Liberty Village has become in recent years a sort of ‘New Queen West’ with artists and creative minds finding inspiration from the unique and vibrant community.

BLVD developments are the same builders behind the popular and value-priced Victory Condos at King and Spadina.

Contact me now for more information and to register for the upcoming VIP sales event for LibertyMarket Lofts.