Welcome to Flaire Condos at The Contemporary Urban Village at The Shops At Don Mills.
This one bedroom unit on the 10th floor has one of the best views in the building. The South West Facing view captures the core of Toronto’s cityscape with the CN Tower and surrounding high-rises, the Yonge/Eglinton and Yonge/Sheppard clusters, and the expansive vista of detached homes and landscapes in between. The unit offers a clean layout with functional and elegant linear kitchen, state of the art ventilation system, and movable bedroom corner walls. This fashionably designed unit is ready for you to make your abode with your personal touch and character.
This unit is unfurnished and does include window coverings. Appliances include washer, dryer, stove, refrigerator, cooktop oven, microwave, parking and storage locker. Includes Heat, Water, Air Conditioning, Parking, Storage. Tenant pays for own use of Hydro and Cable/Internet.
Flaire provides great amenities including: 24 hour concierge service, impressive upscale lobby, Gym, Cable, Internet/TV. Movie Screening Room, Rooftop Terrace with BBQ, party room, security guard and lots of visitor parking.
Step outside into the Shops at Don Mills with its upscale shops, restaurants, cafes, VIP Screening Room Cineplex Theatre, Centre Square and the wonderful seasonal sculpture and events. Take a walk to discover nearby walking trails, parks. Very close to DVP and TTC.
This unit is perfect for the young professional looking for lifestyle in a diversified community of fashionable professionals of cultures from around the world. Great place to make new friends, stay at the forefront of innovations and develop your network.
Whether you’re a corporate executive, professional, entrepreneur, writer, artist or social media influencer, this building and this neighbourhood will provide you with both the inspiration and environment to produce, relax and excel. For more information on the neighbourhood visit Living At The Shops At Don Mills
If you’re a AAA tenant, don’t miss this exclusive listing opportunity. Application form, credit check, proof of income and/or employment is required.
Exclusively listed through Baldo Minaudo, MBA, Broker, Real Estate Homeward 416-564-0245
*** Not intended to solicit clients under contract with a broker***
Smoke and mirrors practices among Chinese business and government may have surfaced again as Chinese builders get dangerously close to defaulting on bonds.
To summarize, Chinese developers have been aggressively strengthening their land holdings of Chinese real estate through acquisition of debt. Companies, such as China Vanke and China Evergrande Group have relied on support of stock investors to make this happen. However, this support is now on the decrease as China’s economic growth slows and policymakers pursue a financial deleveraging campaign.
In the past year, 75 percent of Chinese developers have seen their default risk climb. Zhonghong Holding Co. is now has overdue debt of $3.5 billion yuan. Earlier this year, Zhonghong had defaulted on more than US$174 million in debt.
In total, it is estimated that Chinese builders will have to pay back US$96 million worth of bonds domestically and internationally through 2019.
Paul Lukaszewski of Abertdeen Standard Investments, told Bloomberg that he expects delinquencies to increase moving forward. Especially, companies that have financed themselves on a shorter-term basis are increasingly at risk of potential defaults.
Investors are nervously watching these Chinese developer stocks and for good reason.
On the other hand, Canadian real estate has shown a 20 year appreciation in value and continues to offer a safe and direct investment option. Even with a 15% foreign buyer’s tax, Ontario real estate continues to be among the most attractive in the world. For little know tips and facts on Ontario Foreign Buyer’s Tax exemptions refer to my video with Mark Weisleder. Mark is a prominent Toronto Real Estate Lawyer and he shares important to know details of the Ontario Real Estate Foreign Buyer’s Tax.
For you real estate needs: Buying, selling, investing or managing, contact me at 416-564-0245.
Baldo Minaudo, M.B.A., Broker, Real Estate Homeward Brokerage
Upper Beaches Open House This Weekend
Join us for an Open House in the Upper Beaches at 397 Kingswood Rd. Come experience this old world charm and comforting character. Well maintained home ideal for a young couple or young family with short commute to downtown and all of the wonderful activities one would expect to find in the area near Victoria Park north of Kingston Rd.
I will at the open house from 2:00 p.m. – 4:00 p.m. both on Saturday and Sunday, Kelly Boone will be hosing Saturday from 12:00 p.m. – 2:00 p.m., Lucia Delange will be hosting Sunday from 12:00 p.m. – 2:00 p.m., and Joanna Ionescu will be hosting Sunday 4:00 p.m. – 6:00 pm.
Offers are will be reviewed on April 23 so don’t miss your opportunity this weekend!
Note: the pictures have been modified to give you a better visual
UPSCALE UNIT: 95 Prince Arthur Ave Condo Unit in Annex near Yorkville. Spacious (~900 s.f.), 1 Bedroom plus Den on 2nd floor of well-managed building in upscale, professional neighbourhood near U of T, Yorkville, TTC, Royal Ontario Museum (ROM), Restaurants, and much, much more. Ensuite laundry, Central Air, Storage Locker. INCLUDES WATER AND ELECTRICITY. This is a fantastic unit at only $2500. You won’t find better deal. Looking for quality tenant for minimum 1 year lease.
Please contact me at 416-564-0245 if you’re interested.
Please contact me at 416-564-0245 if you’re interested.
This month the Office of Superintendent of Financial Institutions for Canada is finalizing changes in legislation that will include requiring those that purchase a home with a minimum down payment of at least 20%, not needing mortgage insurance, to prove they could still afford their mortgage payments if interest rates were 200 basis points (two percentage points) higher than the rate they negotiate.
Jeremy Rudin, the Superintendent of Financial Institutions, told reporters. “But we do know this: Housing prices are still near their all-time highs, and mortgage rates are still near their all-time lows. And while sound underwriting is always important, it’s never been more important than it is now.”
Though OSFI, nor the banks have stated that interested rates are headed 2% higher, the fact that they are stress-testing for this to happen, tells me that they are planning for it to happen.
Meanwhile, the Bank of Canada has already announced that they are expecting to increase interest rates again later this month.
Banks have already tightened their lending policies and I’m getting reports of strong applicants having their mortgage applications turned down by the banks.