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Showing posts with the label New Construction

Reason Behind Growing Demand of Condominiums

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There may be many factors behind a strong growth  purchasing power towards condominiums, but the following are the three main reasons: o    Demand for attractive downtown neighbourhoods that are walk-able and have ample access to transit. o    Younger and senior demographics want to live in location-efficient neighbourhoods to reduce commuting struggles. o    The challenge of finding an affordable single-family home in central downtown Toronto. The demand for condos in the GTA have been increasing whether it be ranging from expensive single-family homes to delayed childbearing, all of them are interested in purchasing or renting a condominium. The speed of the construction has been faster than demographic needs. However, several other factors are increasing as well which will thereby slow the construction process. Some of the factors include higher traffic and transit congestion, which draws people to live clos...

Uninvited Guests At Mississauga Home

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So imagine a quiet Friday night, you, your loved ones and your teenage son, all of a sudden you hear a knock on the door, and who else but 200 teenagers looking for a party. Sounds a bit off, but this was one family's reality in Mississauga this past weekend. The teenage son was looking to have a small get together at his house with some friends, which he spread the word through social media, However it quickly got out of hand. Initially it was thought to be a prank, but the hashtag #ProjectXHouseParty quickly caught their eye and the teens quickly flocked to the home in Lorne Park. From 9pm to 1am Police were called in to help notify the teens that there was no party taking place and that the only flashing lights teens would see is that of a police car. This isn't the first time in the GTA area that social media has drawn an massive crowd to a home. Back in  May a home under construction was massacred as a teenage son hosted a party which saw roughly 2000 guests in a sho...

House Mistakenly Built

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In an interesting story, developers Four Twenty Corporation have completed construction on a home in 2011 only to be ordered by the supreme court to have it removed. The land the house was built on was already owned by the Rose Nulman Park Foundation, In an attempt to salvage the home Owner Robert Lamoureux had attempted to strike a deal with the Park foundation to no avail. The corporation is in a losing battle as the Park foundations had been preserving the land to keep it as a park and maintaining the public's interest who desired a park as well. Permits have been acquired by the Four Twenty Corporation to relocate the house but still has one pending. While the idea of the developer building a house on land that was already previously owned is bad, perhaps the brunt of the scrutiny comes towards the designer and the house itself. The picture alone shows that this isn't exactly a house that one would be jumping for joy over. The house doesn't necessarily look like...

Creditview Road Expansion?

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In an attempt to help relieve the traffic congestion that plagues Mississauga, the city has been considering the idea of adding more lanes from Bancroft road towards Old Creditview Road. The current situation along that stretch of Creditview road sees one lane going each way with traffic build up occurring in the early morning hours along with the usual rush hour traffic in the evening due to the financial district of Mississauga located just north at Financial Drive. Marlys Komalski a member of the Creditview expansion awareness committee has expressed her concern as the stretch from Bancroft to Old Creditview road carries with it a scenic view of the Credit river along with much forestry and wildlife. Residents of the area can often be seen going up to the river side through a trail connected to Credit Meadows Park. Steve Barrett who is the manager of transportation infrastructure management in Mississauga has stated the obvious in that, as the population grows more lanes will ...

Hudak not supportive of LRT! What does this mean for You?

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Tim Hudak has announced his ambitions towards improving subway service and existing GO stations. This comes as a major development in the race for Ontario provincial premier. Mississauga mayor Hazel Mccallion was shocked by the statement Hudak made claiming that subways investment cost four times as much as the dedication to the LRT. The LRT is proposed to run from Queen street in Brampton south to Lakeshore road in Mississauga. The long term action plan of the LRT is scheduled for projected completion in 2022 pending appropriate funding. What does this mean for the residents of Mississauga? If you live anywhere along Hurontario street, whether it be in a house, condo, or apartment building, prepare for either silence or drilling. If your a resident anywhere along the LRT's route some of the benefits can include; Easy access to LRT Faster route to work/school A transit system catering to major stops in Brampton & Mississauga All of these benefits of course are pend...

Lakeview Remodeling

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While the worry of Mississauga residents is evident of their city becoming over flooded with buildings, the image of Lake Ontario will remain. A proposed 22 floor tower that was to be constructed along the shores of lake Ontario will no longer take place. It was evident residents did not want, nor need, a tower of that stature along lake side. What was once the sight of the Ontario Power Generating Station is now an open field of ideas coming forth. Pino Di Mascio, who is a partner of Urban Strategies consulting firm, has a vision to make Lakeview a central place for Mississauga residents. Many proposals were given with some modifications made. Overall, here are some of the potential changes upcoming; Residential & Commercial Development Post Secondary Institution Employment Areas New Parks  While this is all new and intriguing, actual implementation for these plans have not begun as yet and will begin to take shape over a 15 year period.  All these changes cre...

DEVELOPMENT CHARGE INCREASE IN MISSISSAUGA!!!

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In an effort to help pay for infrastructure costs development charges will increase up to 54%. Those looking to purchase a newly constructed house will have to dig even deeper in their pocket. A 54% increase in development charges will result in a rising fee upwards of $10,000. While the 54% seems steep, another proposal for a 75% increase in charges for multiple separate housing units. At the end of the day here are your final charges; New house buyers will be paying $26,110 Apartments will increase to $17,326   Mississauga has the highest average home price in Canada with $522,804. It is important to note that while costs maybe high and an extra $10,000 out of your pocket may appear costly, Mississauga is still becoming the prime location for new home buyers in the Greater Toronto Area. Now that you know the costs don't forget to assess your needs before engaging in the purchase of a newly constructed home. Check out the link for more details Hike in Development Ch...

Lakeside - Brampton

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Many housing developments are underway across the Greater Toronto Area and the demand for detached houses is growing. With not that many houses on the market, it has caused a bidding war amongst buyers which is a great sign for sellers. Although many are purchasing condos, housing seems to be the path of choice for families. There is a new housing project under construction in Brampton with detached and semi-detached houses up for grabs. Brampton is well on its way to being one of the largest cities in Canada with the population continuing to grow. Located near McLaughlin Road & Sandalwood, the available units start from 1200 Sq Ft to 3200 Sq Ft and can accommodate all preferences, whether you looking for a starter home or looking for a house to start a family and grow into. The homes are built with real brick and stone, with traditional design sense incorporated into the home, while still maintaining an open concept feel. The housing complex will neighbour five differen...

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