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I hate to be a contrarian; however this is an ugly building that adds nothing to the surrounding area like the St Lawrence Hall or the old market across the road. The cost to build per square foot must be the highest ever in the GTA. It could have been a lot nicer design

I believe this is correct with regards to capital gains. You must live in the condo and declare it as your principle residence in order to be exempt from capital gains. You can only claim one principle residence in any taxation year. It gets complicated. The CRA has a good interpretation...

One thing for sure older usually means bigger. All buildings must have maintenance fees that will cover operating costs and fund the reserve. Its usually after 10 years that the reserve fund forecast starts to become realistic. Before that most are underfunded.

Both buildings have a lot to offer. Certainly the views from the upper floors of the Spire are fantastic. If buying a lower floor I would probably go with Vu,

Condo Fees vs. Amenities Which of these two would have the biggest impact on a resale. (1) Condo Fees of $1.00 per sq. ft, or (2) Amenities (Gym, Party Room, Games Room, Roof Patio) need to be updated.

Recently (2011) the condo fees have increased dramatically at the Indigo. I understand they have a refreshed condo board and new property management. $1100 for 1200sf seems out of line for buildings of this type. Anyone have any insight.