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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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New construction home

The Advantages and Disadvantages of Buying a New Construction Home

by Helena Sedlak· March 03, 2016· in Buying· 0 comments tags: buying, buying real estate, homebuyer, new construction, new construction home, new homes, preconstruction
New construction is popping up everywhere with so many choices. Whether you are buying a home that is built to your specifications, buying a preconstruction home in a new subdivision or a new condominium, a newly constructed home can have some great advantages and some potential disadvantages. Here are some things to keep in mind when you’re choosing what is best for you. Advantages You are dealing directly with the developer. You don’t have to worry about the emotions of the original homeowner when making an offer. Maintenance costs will run lower with a newly built home. If you are building your own home, it will be designed exactly how you want it. If you are building a semi-construction home, you can pick from a variety of finishes and upgrades allowing you to give it that personal touch. Your new home will be move in ready. You won’t have to paint or do any repairs. New homes are usually built with the latest in energy efficient construction. This can make a big difference in your monthly utility bills. You can integrate the latest technology in to your new build. But, be careful. The newest technology craze today will ultimately become […]
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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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