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All these Toronto malls could be getting redeveloped

by Helena Sedlak· August 24, 2017· in Buying, Houses, People, Places· 0 comments tags: bully offers, buying real estate, condominium, downsizing, downtown, financial incentives, first-time buyers, land transfer tax, mortgage, new construction, new homes, places, preconstruction, selling, tax, toronto
A redevelopment deluge is hitting shopping mall properties across Toronto not only because of rising land values but also the threat online retailers are posing to bottom lines, an industry expert suggests. “I think that one of the big redevelopment waves right now are shopping centres,” Craig Patterson, founder and editor-in-chief of Retail Insider, an online trade publication, tells BuzzBuzzNews. “As real estate prices have gone up and developable land has become less available, I’m seeing shopping centre landlords looking at their shopping centre real estate as being prime land for intensification,” he adds. BuzzBuzzNews has identified eight Toronto shopping mall sites currently slated for such intensification, and that total doesn’t include properties in the nearby surrounding GTA, such as the Promenade Mall. SEE ALSO: Application for 7 mixed-use towers submitted to Vaughan for site beside Promenade Mall, north of Toronto Patterson says malls are a “gold mine” for redevelopment because of the GTA’s level of population growth as well as the fact that they are so often sitting on large, well-located sites to begin with. “Cadillac Fairview, Oxford, Ivanhoe Cambridge: these landlords are already getting in on the residential game — or they’re partnering with residential developers,” says Patterson. “A natural […]
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First Time Home Buyers

5 Tips for the First Time Home Buyer

by Helena Sedlak· February 18, 2016· in Buying· 0 comments tags: buying real estate, financial incentives, first time buyer, homebuyer, mortgage, planning, tips
Buying your first home is one of the most exciting times in your life, but it can also be one of the most overwhelming. Expectations are often thwarted by financial realities and these can leave you feeling disappointed in your options. However, with a bit of planning, you can avoid the pitfalls of expectations vs. affordability, and with the help of your real estate agent, find the perfect first home. Plan your Budget The most important thing you must do is plan what you can afford. A mortgage calculator can help you start the process. Mortgage calculators give you an idea of what your price range should be. It is also a good idea to contact a mortgage broker who can help you find the best financial institution for a possible pre-approved mortgage. Your own bank may not offer you the best option, so it’s important to investigate all options available to help with the cost of purchasing your home. Take advantage of the financial incentives available for a first time home buyer: First-Time Home Buyers’ (FTHB) Tax Credit Introduced by the Government of Canada to assist first-time home buyers with the costs associated with the purchase of a home, a $5,000 […]
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Helena Sedlak

Helena Sedlak

Sales Representative

Royal LePage Real Estate Services Ltd.,
Brokerage
3031 Bloor Street West,
Toronto, ON M8X 1C5
Telephone: 416-236-1871
Cell: 416-821-6964 | Send SMS
Fax: 416-239-5394
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Royal LePage Real Estate Services Ltd., Brokerage


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