Toronto Realty Blog

MAY 16, 2022

Let’s say a developer is building a 100-unit condo. Let’s say the developer is selling these condos for $1,000 per square foot. ” This could be in the form of reduced rent, reduced sale price, or the government “buying” the units from the developer. .”

Construction 105

Construction Purchase and sale agreement Pre-approval Development 105

Propmodo

NOVEMBER 4, 2024

based developer Neighborhood Development Co. While the emergency legislation should help stem the bleeding from an issue that has worsened over the last two years, it’s too little and too late for Neighborhood Development Co. An affordable housing developer in a major city shutting down is not big news in itself.

Finance 57

Finance Closing Development Pre-approval 57

Windemere Buying

MARCH 29, 2023

A new construction home, however, has no previous owner; it comes brand new. Learning about the new construction buying process will help you understand how it differs from other types of housing, such as existing single-family homes, townhouses, condominiums , etc. What is a new construction home?

New Construction 87

New Construction Construction Pre-approval Land 87

Realtor.com

JANUARY 2, 2023

While purchasing new construction is indeed different from purchasing previously owned property, many misconceptions abound about new builds. With that in mind, we’re here to set the record straight on some easily busted new-construction myths that just won’t quit. New construction homes are more expensive.

New Construction 105

New Construction Construction Pre-approval Inspection 105

Marco Santarelli

FEBRUARY 28, 2025

I believe, and I have seen, that we need more innovative solutions, such as increasing density in transit-oriented areas and streamlining the permitting process for new construction, to address the affordability crisis effectively. This will require a collaborative effort from policymakers, developers, and community members.

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Marketing Pre-approval Land Staging 92

Toronto Realty Blog

DECEMBER 1, 2023

TorontoRealtyBlog On Wednesday, I took a look at the pre-construction condominium market in Toronto and how prices and those sweet builder “incentives” look this fall. Today, I want to continue the pre-con theme and present you with a story that I’ve been holding on to for about a month now. There was no catch.

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Pre-approval Pre-qualification Development Construction 97

The Close

NOVEMBER 12, 2024

Check out zoning laws, future developments, and what the locals say. Owning some land is appealing since it’s usually low-maintenance and cheaper than those fancy developed properties. Hands-off investment: If you buy and hold the land without developing it, there’s not much to do but visit it occasionally.

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Land Investor Finance Development 98

Toronto Realty Blog

MAY 27, 2024

I want you to think, for a moment, of the Toronto real estate market and construction industry as a field of fictional Tiberium in Command & Conquer. How many developers are starting new projects right now? Infill development sites lay empty. And when it comes to buying land , trust me, developers aren’t buying.

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Land Pre-approval Construction Development 115

Toronto Realty Blog

SEPTEMBER 30, 2024

compared to Roger Clemens (pre-steroids) who put up a 10.4 The study was commissioned by the Building Industry and Land Development Association (BILD) and conducted by Altus Group Economic Consulting, and you can read it by clicking the link above. Why does it take so long to get a shovel in the ground for new developments?

Pre-approval 105

Pre-approval Development Land Construction 105

HomeLight

FEBRUARY 12, 2021

Department of Housing and Urban Development (HUD) created the Federal Housing Administration (FHA) loan program in 1934 to help more Americans afford houses with government insured home loans that are easier to qualify for than most conventional loans. Defective paint surfaces in homes constructed pre-1978. Foundation damage.

FHA loan 111

FHA loan Loans Pre-approval Pre-qualification 111

Toronto Realty Blog

JULY 11, 2024

Not so much in terms of my memories and experiences, but rather conversations and explanations that we had many, many years ago about the utterly ridiculous system of “occupancy” that occurs in the pre-construction world. The developer can and usually will notify you and your lawyer that you are to take “occupancy.”

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Pre-approval Marketing Construction MLS 91

Realty Biz

MARCH 28, 2022

Census Bureau and the Department of Housing and Urban Development published this week shows that sales of new single-family homes came to a seasonally adjusted annual rate of 772,000 in February, down just over 2% from January and by 6.2% The good news is that new home sales are still above pre-pandemic levels.

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Sales Pre-approval Construction Development 102

Realtor.com

JULY 9, 2021

The couple lived in a third-floor apartment with their two children in a pre-war building they loved on Manhattan’s Upper West Side. We kept it in the pre-war style of the building, so we maintained its spirit, but everything is modern and new.”. That’s what Praneet Gill, chief strategy officer at a tech startup, and her husband did.

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Pre-approval Renovation Finance Construction 94

Realty Biz

JUNE 14, 2023

Fortune International Group and Château Group have successfully reached a utility agreement, enabling the commencement of construction for the St. As the demand for luxury condos in Miami is rising, national and foreign investors are very much interested in purchasing pre-construction condos, and the twin towers of St.

Construction 52

Construction Pre-approval Development Design 52

Toronto Realty Blog

FEBRUARY 16, 2022

Do you think that if and when a development enters their world, that they don’t like, that they will not reach out to city councilors? ” The idea of “pre-approved, qualified, third-party technical consultants” has me cringing. And what is the city councilor going to do? ” 16.

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Pre-approval Land lease Development Land 97

A Student of the Real Estate Game

SEPTEMBER 16, 2021

Over the past several years, following the introduction of qualified Opportunity Zones and run up in multifamily asset values, we launched a development arm focused exclusively on ground-up multi deals within select OZ’s. Ground-up development is a completely different animal and it’s been like drinking from a firehose.

Development 52

Development Construction Pre-approval Design 52

Toronto Realty Blog

APRIL 27, 2022

Case in point: who among you knew that Daniels Corporation, who built every existing condo in Regent Park, had lost out on its bid to construct both Phase Four and Phase Five? Daniels will complete the last building of phase 3 (corner of Parliament and Gerrard) but once Tridel starts though, $1600+ PSF for pre con in RP? I think so!

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Pre-approval Construction Development Commercial 98

Toronto Realty Blog

MARCH 25, 2022

The organization also criticized the First-Time Home Buyers Incentive program, a shared-equity program launched in September 2019 that offers five per cent toward the down payment for a first-time buyer’s purchase of an existing resale home, or 10 per cent for a newly constructed home. March 24, 2022. March 23, 2022. From the article: B.C.

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Purchase and sale agreement Construction Pre-approval Development 104

Toronto Realty Blog

MARCH 10, 2025

Imagine that you’re purchasing a pre-construction condominium or a house that’s to be built by a developer, and these are closing well into the future. As I have mentioned many, many times before, I got into the real estate industry in 2004 when pre-construction prices were lower than comparable resale.

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Purchase and sale agreement Pre-approval Banks Construction 66

A Student of the Real Estate Game

OCTOBER 23, 2021

While the economy certainly isn’t humming and we’re still far from pre-pandemic employment levels, we have a lot more people working today with incomes rising, spurring demand for apartments. Developers are on pace to deliver 1.5M At the same time, we have a labor shortage which is putting upward pressure on wages. Household Formation.

Pre-approval 105

Pre-approval Construction Development Commercial 105

Marco Santarelli

SEPTEMBER 1, 2024

Higher rates can greatly affect monthly payments and overall affordability, making it vital for buyers to pre-qualify for mortgages to ascertain their true budget. Geographical Constraints : The Bay Area's geographical layout, surrounded by water and hills, restricts land availability for new construction.

Marketing 98

Marketing Pre-approval Construction Renovation 98

Toronto Realty Blog

JANUARY 22, 2021

Last week, when our in-house legal counsel told us about a recent ruling with respect to the developers of Museum FLTS , I said this aloud. Let’s rewind… Back in October of 2017, a pre-construction, stupidly-named “Museum FLTS,” was cancelled. “Hate to say I told you so,” (all right…).

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Purchase and sale agreement Pre-approval Development Construction 72

Toronto Realty Blog

MARCH 21, 2022

When I read articles in the major Toronto (online) newspapers about planning or development, I love reading the comments! Let Old Town be Old Town and screw the developers who destroy the city with ugly, generic, grey boxes they call condos. Here’s an opposing view: Developers aren’t building 100 storey condos.

Development 111

Development Pre-approval Residential Construction 111

Marco Santarelli

JUNE 21, 2024

Builders haven't been able to keep pace with demand due to factors like rising construction material costs and a shortage of skilled labor. Additionally, zoning regulations and lengthy permitting processes in some areas further restrict the development of new housing options.

Pre-approval 105

Pre-approval Construction Staging Marketing 105

Marco Santarelli

JUNE 23, 2024

Mortgage Rates May Dip While mortgage rates remain elevated compared to pre-pandemic levels, there are signs that they may start to come down. Carefully considering their financial situation, getting pre-approved for a mortgage, and working with a qualified real estate agent will be crucial for success in this evolving market.

Marketing 98

Marketing Pre-approval New Construction Investor 98

Toronto Realty Blog

OCTOBER 15, 2024

In this case, we’re being told that it’s condo investors who have driven up prices and caused condominiums to shrink, and not developers, and most certainly not the free market. But are investors buying what’s being built or are developers building what investors are buying? So let’s start slow.

Investor 103

Investor Marketing Pre-approval Land 103

Marco Santarelli

SEPTEMBER 22, 2023

An increase in the number of new housing developments and construction projects : An oversupply of homes can lead to a decline in demand and a drop in prices. It is important to get pre-approved before the market gets really hot, as it may be more difficult to get pre-approved later on.

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Pre-approval Fixed-rate mortgage Lending Equity 98

HomeLight

AUGUST 31, 2021

Don’t let the pristine facade or shiny appliances of a model home deceive you: buying new construction will be as complex as any old real estate transaction, if not more so. And if you thought buying new construction without an agent would save you a few bucks in commission, think again. Updated August 31, 2021.

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Agents New Construction Purchase and sale agreement Construction 128

Marco Santarelli

MAY 12, 2025

Others might be experiencing a slowdown in retiree demand or an increase in new construction finally catching up. My advice: Get pre-approved for a mortgage so you know your budget. For many, especially buyers who felt priced out, this change could be a welcome development. It's likely a mix of reasons.

Marketing 72

Marketing Due diligence Pre-approval Sales 72

Toronto Realty Blog

DECEMBER 19, 2023

For reference, here are the Top Five Real Estate Stories Of 2022: 5) The Rental Market & The Future Of Landlords’ Rights 4) Development: Yes or No? Development. Pre-Construction. This is likely more subjective than the top five blog posts , but then again, we run into many of the same themes over and over.

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Pre-approval Construction Development Agents 98

Realty Biz

AUGUST 3, 2023

It combines the benefits of cutting-edge technology with practical application in home remodeling and construction. Prepare Construction Documents : If working with professionals, create documents to guide construction. Project Management : Coordinating with contractors and managing the construction phase.

Renovation 79

Renovation Pre-approval Investor Construction 79

Marco Santarelli

MAY 30, 2024

Focus on Sustainability: As environmental concerns gain prominence, investor focus might shift towards energy-efficient properties or developments with sustainable features.

Investor 98

Investor Marketing Pre-approval FHA loan 98

Realty Biz

AUGUST 29, 2023

We will provide the best tips to ensure a smooth construction process. Understanding the Construction Process When embarking on the journey of building a new house, it is crucial to have a solid understanding of the construction process. Buying new construction can be exciting but quickly become a nightmare.

Construction 92

Construction Inspection Design Land 92

Toronto Realty Blog

FEBRUARY 12, 2021

Here’s the article: “Toronto To Consider Ending Parking Minimums On New Developments, Imposing Maximums Instead” By Tess Kalinowski. Toronto is taking a 180-degree turn in its approach to the amount of parking builders will be required to incorporate in new developments. Tuesday, February 2nd, 2021.

Development 85

Development Pre-approval Residential Construction 85

HomeLight

FEBRUARY 8, 2021

The city is laced with a network of hiking trails and parks that surround high-quality schools and planned mid-century developments. Certain homes in California are subject to a Mello-Roos tax , which is a special tax that allows a district to finance a new development or make improvements to existing infrastructure.

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Pre-approval New Construction Agents Development 105

Realty Biz

AUGUST 19, 2022

Find a Real Estate Pre-licensing Course. In some states, agents get pre-licensing training courses at a state-approved school. Pre-licensing courses teach real estate, ethics, legal matters, taxes, finance, contracts, and insurance. To get a real estate broker license, they must take pre-licensing courses.

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Pre-approval Brokerage Agents Principal 77

Toronto Realty Blog

JUNE 21, 2021

With an increasing population, we might expect that the number of new dwellings constructed is not in line with the number of new entrants to the market. From BillionBricks.Org: In Singapore, all public housing estates are planned by the government under the Housing Development Board (HDB). to 68.55%, which is hardly insignificant.

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Pre-approval Construction MLS As-is 105