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  1. BMyers

    Marquee, The (45 + 55 Lisgar St, Queen West Triangle, Drakestone, 14 + 7s) COMPLETE

    Both 45 & 55 Lisgar are owned by Drakestone Investments (which I assume is Medallion Properties), which is one of the only developers (with Concert) building rentals in the GTA.
  2. BMyers

    Toronto California Condominiums | ?m | 32s | Camrost-Felcorp | Onespace

    Down 3 storeys, up 15 units.
  3. BMyers

    California Condos (Camrost-Felcorp) - Real Estate -

    I only see one unit on MLS from $125,000 to $175,000 in Etobicoke! California is looking like a good deal to me.
  4. BMyers

    California Condos (Camrost-Felcorp) - Real Estate -

    There seems to be a lot of negativity on this thread! My question is, if you have $150,000 to spend and would like a condominium in Etobicoke or western Toronto where would YOU buy?
  5. BMyers

    New construction vs. Resale prices

    I really find it interesting that people always want to prove they are smarter than you on these forums. Instead of writing: I think you are incorrect, a agreement of purchase and sale in a legally binding contract that you can't get out off without legal ramifications. Instead it's "That is...
  6. BMyers

    New construction vs. Resale prices

    Of course it is a legal contract and the developer could sue you, but chances are he/she wouldn't - they already have your $30,000 plus interest, it is not likely that they would spend the time or money trying to recoup damages. It is also possible in this scenario that the bank would not...
  7. BMyers

    New construction vs. Resale prices

    Pre-construction condos are priced higher than resales for several reasons: Let's assume you are the first person in the door. 1) You have the choice of any suite on any floor with any view, you do not have this with a resale. 2) You generally have much nicer, newer finishes than a lot...
  8. BMyers

    Toronto 12° / 12 Degrees Condos | 35.66m | 11s | BSäR Group | Core Architects

    You can't force someone that owns a parking lot to develop it. If you they want to keep generating rent from their property and don't want to sell, developers will not overpay for these sites. Developers already have enough hoops to jump through, the more hoops means the more money passed on to...
  9. BMyers

    Toronto 225 Queen East | 121.4m | 37s | Dash Developments | Arcadis

    I wonder if KC Developments will get that price. They only bought it for $1.3 million 4 years ago?
  10. BMyers

    Stratford HIBERNATING (Lawrence Park, Cresford)

    Not Bayview / Lawrence per say, luxury market: Stratford, Huntington, Wentworth, The St. Thomas, all currently off the market.
  11. BMyers

    Toronto MYC Merton Yonge Condominiums | ?m | 24s | Cresford | a—A

    Sorry, Cresford is no longer a client of my company.
  12. BMyers

    Spring thaw lures home buyers

    More market info NEWS RELEASE Contact: David Eisenstadt/Beth Merrick The Communications Group Inc. 416.696.9900 ext. 36 or ext. 40 deisenstadt@tcgpr.com/bmerrick@tcgpr.com SOFTENING TORONTO CONDOMINIUM MARKET DRIVES...
  13. BMyers

    1 Bloor East, DEAD AND BURIED (Bazis, -2s, Varacalli)

    pics are from here: www.twitter.com/urbanation
  14. BMyers

    Toronto 609 Avenue Road | 66.44m | 19s | State Building Group | Richmond Architects

    Anyone want to purchase this site? BMO Capital markets is selling it. See ad here: www.twitter.com/urbanation
  15. BMyers

    Toronto One Sherway | ?m | 32s | Menkes | P + S / IBI

    Pug Awards This is one of the buildings you can vote on for the Pug Awards. www.pugawards.com
  16. BMyers

    Toronto Fly Condos | ?m | 24s | Empire | Graziani + Corazza

    Being a stats guy I figured I would take a look at 20 year old condos to see what their appreciation has been to combat Maestro's comment. Based on a sample of 45 buildings registered in 1989. Data from the first three months of 1999. 135 resales, average price $164,000, $147 psf. Data...
  17. BMyers

    Edge Lofts (625 Queen East, Streetcar, 6s, Quadrangle) COMPLETE

    I'm curious as to what type of retail they will get on the ground level here? Looks like the site across the street is for sale: www.twitter.com/urbanation
  18. BMyers

    Toronto Fly Condos | ?m | 24s | Empire | Graziani + Corazza

    You may be right on some points but on others I think you are way off. Was their a major crash in the 1990's, yes, but we have a much different market now and we won't see the same kind of price correction as was witnessed then. You may be totally correct in saying that people who bought into...
  19. BMyers

    Toronto Fly Condos | ?m | 24s | Empire | Graziani + Corazza

    You're right I'm not comparing apples to apples, the point is that units nearing completion are generally less expensive than new construction units, not $60,000 more! The pre-construction prices for the 345 sf unit at London was $120,000 in March of 2005 - making purchasers of that unit...

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