With an abundance of pre construction building going up in the entertainment district, there is no question that the Icon Condo has maintained its value as well as it's appeal to buyers. Even though the newer product going up within a very close radius to the Icon has higher end finishes, it has not affected the pricing for these two buildings located on Wellington Street West. If anything, it will gradually increase the pricing for existing units in these buildings.
The Icon on Wellington Street has always commanded high resales values even though the building is close to 10 years old. Not only are the amenities fantastic but the the building is run and managed very well. This alone makes a huge difference in the value of the building.
Click on Icon Condos for more information on selling or buying an Icon Unit.
Showing posts with label icon condos. Show all posts
Showing posts with label icon condos. Show all posts
Monday, September 12, 2011
Thursday, August 4, 2011
Icon Condo Availability
Currently there is a great 2 bedroom unit on a high floor with both parking and locker. This is a corner unit, just under 1400s/f with a terrace. Priced at just under $730 000, this unit is great for a young family or the young professional looking for some more space at home.
Click on Icon Condo for more information or to book a showing.
Click on Icon Condo for more information or to book a showing.
Tuesday, July 19, 2011
One Bedroom plus Den Unit Available
Currently there is a one bedroom plus den unit without parking and locker located for sale in The Icon.
Click on Icon Condo for more information and pricing or to view the unit.
Click on Icon Condo for more information and pricing or to view the unit.
June Market Update
The GTA saw 10,230 sales in June, up 21% from last June making it the 3rd best June on record. This is quite the turnaround from the first half of 2011 - down by 4.5% compared to the first half of 2010.
Average prices for June was $476,371, up by about 9.5% from June 2010 and up by about 8% from the average selling price for the first half of the year at $467,169.
Listing supply is down this year which is why we are seeing the average price increase. Buyer demand has pushed this price up in the second quarter of the year.
* Toronto Real Estate Board, New Release, July, 2011.
Average prices for June was $476,371, up by about 9.5% from June 2010 and up by about 8% from the average selling price for the first half of the year at $467,169.
Listing supply is down this year which is why we are seeing the average price increase. Buyer demand has pushed this price up in the second quarter of the year.
* Toronto Real Estate Board, New Release, July, 2011.
Saturday, July 16, 2011
Toronto Life Magazine Feature
The August issue of Toronto Life Magazine features Erica Smith who was in search of a Toronto condo. After selling her place at the Icon, she ended up in the St. Lawrence Market area. Enjoy the story!
![]()
Click on Icon Condos for more information on buying or selling your Icon Condo.
Tuesday, July 12, 2011
World of Condos Interview
The Condo Chicks were recently interviewed on our condo knowledge.
Check it out and enjoy!
Click on Icon Condo for more information on The Icon Condo on Wellington
Check it out and enjoy!
Click on Icon Condo for more information on The Icon Condo on Wellington
Tuesday, July 5, 2011
Testimonial for Listing Sold at Icon
“Joy and Erica have been so incredible to work with. They are very professional, knowledgeable about the market, ever so helpful, and have gone out of their way to assist us. They made the process of selling our home seamless and even, dare I say, easy which was greatly appreciated since we are currently living in Dubai. They were able to secure an offer for us within two days of listing and when that fell through due to buyer financing, they immediately found us another offer the same day! However, what most impressed us was their responsiveness, proactive nature and simply dazzling niceness. The Condo Chicks are definitely something to chirp about!” – Mike and Jeanette
Wednesday, May 18, 2011
Saturday, April 23, 2011
SOLD
Our listing at the Icon listed at $315000 with both parking and locker is now sold and we got 100% of asking price!
Contact us for more information on buying or selling your Icon condo!
Contact us for more information on buying or selling your Icon condo!
Sunday, April 17, 2011
TV Interview
We are pleased to announce that we will be interviewed this Monday, April 18th, 2011 at 9pm on the TV show “In Tune with Real Estate.” From what we understand, it will be on channels 10 and 63. We will be asked about the condo market in general as well as other aspects that come into play when buying or selling a condo. Make sure you “tune in” to see what we have to say!
Thursday, March 31, 2011
New Listing in The Icon
The Condo Chicks will be listing an incredible one bedroom unit in 250 Wellington Street in the next couple of days. Located on a high floor, it also has both parking and locker. Click on Icon Condos for a showing.
Saturday, March 12, 2011
Top Ten Real Estate Deals
The Condo Chicks are happy to announce that they are the Toronto Representatives for Top Then Real Estate Deals. Check it out! http://www.toptenrealestatedeals.com/homes/top-ten-home-deals/on/toronto/
Click on Icon Condo for more information on any of these deals!
Click on Icon Condo for more information on any of these deals!
Friday, February 11, 2011
The Truth about Open Houses
The process of selling your condo can be somewhat stressful and as Realtors, it is our job to market and sell your property to the best of our ability with the least cost and disruption to you and your family. There are many tools that we use to help in the sale of your home but one common misconception is that open houses and advertising it in the newspaper sell your condo. While these marketing tools may seem like a good opportunity for you as the seller, the truth is, open houses generally don’t sell a home.
According to The National Associations of Realtors, only 1% of homes are sold by conducting public open houses. Realtors use open houses as more of a prospecting tool then a way to sell the home. It is not uncommon for a listing agent to pass on the job of hosting an open house to a newbie agent as there is a very low chance of the home selling through this avenue. For newbie Realtors, open houses present a great opportunity to meet prospects who are in the market for a condo. When parties come through the open house, the Realtor has them put down their information on a sign in sheet. In addition to being a security measure, this list allows the Realtor to follow up with them and help them in their home search.
Another type of open house is what is called an "agent open house." This type of open house allows Realtors in the neighbourhood to have the opportunity to visit the property before it is exposed to the public. What is commonly forgotten is that Realtors have access to the most important tool for selling your home and that is the MLS system. If an agent has a client for your home, they will book a showing for their client through the MLS system. Not only is the property advertised freely to all the Realtors on MLS, but is also published on the public MLS site. From the public MLS site, buyers can search for your home and contact the listing agent if they want to view the property.
Another common misconception that sellers have is that newspaper and magazine advertising increases the odds of selling your home. Again, according to The National Associations of Realtors, only 3% of homes are sold by advertisement inquiries. Also keep in mind that these advertisements can be very expensive.
Realtors understand that sellers want everything possible done to sell their home however, Realtors also know that conducting open houses and newspaper advertising generally will not sell a home. In reality, Realtors bring the most serious and qualified buyers so focus on the types of marketing that attract the Realtors; having a well put together home that shows well and pricing right and then the qualified buyers will follow.
If you are looking to sell your toronto condo or home, click on Condo Chicks for more information.
According to The National Associations of Realtors, only 1% of homes are sold by conducting public open houses. Realtors use open houses as more of a prospecting tool then a way to sell the home. It is not uncommon for a listing agent to pass on the job of hosting an open house to a newbie agent as there is a very low chance of the home selling through this avenue. For newbie Realtors, open houses present a great opportunity to meet prospects who are in the market for a condo. When parties come through the open house, the Realtor has them put down their information on a sign in sheet. In addition to being a security measure, this list allows the Realtor to follow up with them and help them in their home search.
Another type of open house is what is called an "agent open house." This type of open house allows Realtors in the neighbourhood to have the opportunity to visit the property before it is exposed to the public. What is commonly forgotten is that Realtors have access to the most important tool for selling your home and that is the MLS system. If an agent has a client for your home, they will book a showing for their client through the MLS system. Not only is the property advertised freely to all the Realtors on MLS, but is also published on the public MLS site. From the public MLS site, buyers can search for your home and contact the listing agent if they want to view the property.
Another common misconception that sellers have is that newspaper and magazine advertising increases the odds of selling your home. Again, according to The National Associations of Realtors, only 3% of homes are sold by advertisement inquiries. Also keep in mind that these advertisements can be very expensive.
Realtors understand that sellers want everything possible done to sell their home however, Realtors also know that conducting open houses and newspaper advertising generally will not sell a home. In reality, Realtors bring the most serious and qualified buyers so focus on the types of marketing that attract the Realtors; having a well put together home that shows well and pricing right and then the qualified buyers will follow.
If you are looking to sell your toronto condo or home, click on Condo Chicks for more information.
Friday, January 28, 2011
Condo Chicks with an Award
Friday, January 21, 2011
New Mortgage Rules when Buying an Icon Condo
Finance Minister Jim Flaherty has just released some info on new rules for CMHC insured mortgages, which will be implemented as of March 18th. A CMHC insured mortgage occurs when less than 20% is put down on a purchase of a property.
For home buyers with a CMHC insured mortgage, the new rules will effect mortgage amortization. Amortization will be changed from 35 years to 30 years. On average this change will increase monthly payments by around $40 for every $100K borrowed. Down payments for purchases can still be 5%.
In terms of refinancing, the max mortgage advance will be 85% of the appraised value. This loan to value number used to be 90%.
Good news is that these new mortgage rules will help to keep interest rates low. The Bank of Canada has announced no prime rate change, leaving variable rate mortgages and credit lines as is. Flaherty hopes these new rules will help to keep Canadians spending in check.
We have about 2 months before the new rules come into play (March 18th). If you are looking to purchase a Toronto condo, make sure to visit the bank or your mortgage broker soon to arrange financing. Contact the Condo Chicks below in you are looking to purchase or sell a Toronto Condo.
For home buyers with a CMHC insured mortgage, the new rules will effect mortgage amortization. Amortization will be changed from 35 years to 30 years. On average this change will increase monthly payments by around $40 for every $100K borrowed. Down payments for purchases can still be 5%.
In terms of refinancing, the max mortgage advance will be 85% of the appraised value. This loan to value number used to be 90%.
Good news is that these new mortgage rules will help to keep interest rates low. The Bank of Canada has announced no prime rate change, leaving variable rate mortgages and credit lines as is. Flaherty hopes these new rules will help to keep Canadians spending in check.
We have about 2 months before the new rules come into play (March 18th). If you are looking to purchase a Toronto condo, make sure to visit the bank or your mortgage broker soon to arrange financing. Contact the Condo Chicks below in you are looking to purchase or sell a Toronto Condo.
Sunday, November 28, 2010
SOLD: 270 Wellington: $334,500
The Condo Chicks recently sold their 1 bedroom plus den listing with both parking and locker in The Icon. As the market is softer, it took a bit more "creative selling" to get this unit sold for our client. At the end of the day, our client is very happy! Listed at $334,500, The Condo Chicks got just shy of asking!
If you are looking to sell or to buy a unit in The Icon, contact The Condo Chicks!
Tuesday, November 9, 2010
Multiple Offers
With the current real estate market in Toronto steady, the presence of multiple offer situations is still common. Sellers are looking to generate multiple offers in order to sell their property at very high numbers. When entering a multiple offer situation buyers have to remember that looking at comparable properties is a very important step when determining what number to go into. A lot of listing agents are holding off offers in order to hopefully generate multiple offers. We always make sure to tell our buyers to choose a number that they are comfortable with and stick to it when entering into a bidding war. Too many times, we have seen buyers represented by other agents end up paying way too much for a property which is generally attributed to emotions, not facts. In the long run, it is not worth it.
Recently we were in a situation where the listing agent had listed a property above market value, hoping to create a multiple offer situation. After reviewing the comparables with our clients, we came up with a number that we felt was fair for the property. Unfortunately, we did not win the property, nor did any of the other offers that were submitted. Ironically, the listing was terminated the following day due to the fact that nobody was willing to over pay for the property. It will be interesting to see if the property comes back on the market at a more reasonable price.
Our advice to you when entering a multiple offer situation is to review all the comparable properties, and determine what the property is worth to you.
Recently we were in a situation where the listing agent had listed a property above market value, hoping to create a multiple offer situation. After reviewing the comparables with our clients, we came up with a number that we felt was fair for the property. Unfortunately, we did not win the property, nor did any of the other offers that were submitted. Ironically, the listing was terminated the following day due to the fact that nobody was willing to over pay for the property. It will be interesting to see if the property comes back on the market at a more reasonable price.
Our advice to you when entering a multiple offer situation is to review all the comparable properties, and determine what the property is worth to you.
Sunday, November 7, 2010
1+1 with Parking and Locker now $334 500
Furniture is negotiable! Contact the Condo Chicks for a showing! http://www.condochicks.com/
Friday, October 29, 2010
Annual General Meeting
Don't forget the Annual General Meeting being held Tuesday, November 16, 2010 at 7:30pm.
Subscribe to:
Posts (Atom)