dpylyp : Weblog items tagged with Erin Mills

Condo fees will increase for Toronto tenants and condo owners HST

Sun, 05 Jul 2009 01:19:49 GMT

"Next year at this time, the Ontario government – the same government that still maintains rent controls – will raise monthly maintenance fees for all condominium owners by between 5 per cent and 8 per cent.

Renters will face rent hikes based on operating costs for their buildings. Those increases will vary but could be in the $25-a-month range for a downtown one-bedroom suite.

Owners of older condos may face an even greater hike to top up their building's reserve fund if major work such as replacing a roof is slated for the near future.

At the same time, developers of projects with suites already sold but not yet occupied are scurrying to their lawyers. Their concern is an 8-per-cent hike in monthly maintenance fees may trigger the “material change” clause in purchase agreements and allow buyers to back out of signed deals."

http://www.theglobeandmail.com/real-estate/its-coming-hst-may-scuttle-condo-deals/article1204454/

You need to read the rest of this for yourselves.

According to the Author, the maintenance fees will increase on all existing units in addition to those that have purchased may now have an "out"

What are your thoughts?

David Pylyp
http://Davidpylyp.com

Mississauga Executive Townhouse Eagle Ridge

Fri, 03 Jul 2009 12:58:59 GMT

Almost Adult Gated Community Executive Townhouse with Upscale Recreation Facility in Central Mississauga

Eagle Ridge Executive Townhouse for Sale

Three bedroom unit in a sequestered gated complex of townhouses and condominium units, located at

the intersection of Burnhamthorpe Rd West and Erin Mills Parkway. Asking $349,995 Maintenance fee

is $394.51

The Recreation Centre in this complex is a Two storey with finished lower level that provides

Library and Meeting rooms, Fireplace and reading nooks, Pool and access to outside parkette. Check

out the online Video's

Complex is immediately north of and adjacent to the South Common Mall for your shopping

convenience.

Additional Property Details

http://www.davidpylyp.com/search/feature.cfm?ml_num=W1656531

Additional Property Photo's

http://www.davidpylyp.com/search/imagegallery.cfm?ml_num=W1656531&maximages=9&agent_id=2714129

To Make an appointment to view this property please contact David Pylyp at 647 218 2414.

If not this property, could we find you something else.

Complete the dream home criteria available here to start your home search;
http://www.eleganthomesinwesttoronto.com/agentprofile/homefinder.cfm

David Pylyp
RE/MAX Realty Specialists Inc., Brokerage
905 272 3434 or direct at 647 218 2414