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Mobilio

Menkes introduces Mobilio – coming soon to Vaughan Metropolitan Centre

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Menkes introduces Mobilio – coming soon to Vaughan Metropolitan Centre

Picture yourself at the epicentre of Vaughan’s newest neighborhood, the first community-focused development in the core of the city, offering highrise condominium and townhome residences.

A new downtown is forming in the 905, in one of the fastest growing cities in Canada, and what is already the largest employment centre in York Region. It’s dynamic, it’s lively, and it’s completely changing the face of Vaughan. Right at the heart of this new urban centre, you will find Mobilio, the latest project by Menkes.

Mobilio Community
Mobilio Community

Spanning over 440 acres, Vaughan Metropolitan Centre (VMC) is one of Canada’s largest new master-planned communities. Once complete, it will be home to 25,000 residents and encompass 1.5 million sq. ft. of new office space, and 750,000 sq. ft. of retail. A true live, work, play urban centre that will include restaurants, shops, entertainment, and the almost 20-acre Edgely Pond and Park, which will be the largest open space in VMC.

Situated in the heart of the VMC, Mobilio will feature a mix of highrise condo towers and two- and three-bedroom townhouses, including some with rooftop terraces. With more than 1,000 units, this thoughtfully-designed community will be the first project in VMC to incorporate a mix of housing types, park space, and amenities that cater to every lifestyle. Mobilio is an extension of your home, routine, and lifestyle surrounded by world-class restaurants, one-of-a-kind retail experiences, and a genuinely welcoming community.

Lobby
Lobby

Living at Mobilio is the epitome of connectivity. It’s a short walk from the VMC transit hub, which includes the new VMC TTC subway station, as well as Viva and Zum bus service connections to neighbouring cities. Vaughan is currently the only city outside of Toronto that has subway service, making it an attractive place to live for people who commute to downtown or other parts of the city. Mobilio is also conveniently centred between Hwys. 7 and 407, just east of Hwy. 400, providing excellent accessibility to the entire GTA by car. For jet-setters, Pearson International Airport is a short 20-minute drive away.

This new and exciting community is about more than just transportation connections; it will provide future residents a connection to nature. Mobilio will be anchored by a linear park, part of Vaughan’s Black Creek Renewal project. Once complete, the Black Creek Renewal will establish a series of promenades, plazas and parks, spanning over 30 acres, allowing residents and visitors access to the water’s edge. Mobilio’s picturesque community will also include attractive outdoor gathering spaces, a playground, walking paths and family-friendly play areas. The development is the perfect blend of urban and suburban, representing the convenience of downtown living, with the space and comfort of the suburban lifestyle.

With VMC set to become the destination of choice, don’t miss out on the opportunity to live at Mobilio. Register on the website and discover where convenience and community connect.


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Burlington Gallery Condos + Lofts

Burlington Gallery Condos + Lofts are art-inspired with modern design

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Burlington Gallery Condos + Lofts are art-inspired with modern design

Coming soon to downtown Burlington, Gallery Condos + Lofts will feature 159 art-inspired tower suites and soft loft units with urban finishes, higher ceilings barn style doors, concrete accent walls, and track style lighting. The modern design curated by renowned Tomas Pierce Interior Design boasts open concept layouts, as well as large balconies and terraces, that are perfectly positioned for breathtaking views in every direction. Aside from the 10-ft.-high ceilings, the lofts’ master ensuite offers a one-of-kind, four-piece spa bath. This signature feature places the tub in a five-by-five-ft. rain room which will add a unique touch to the spa like experience. The soft loft concept, will make up about 20 per cent of the residential units and is new to the market. The building is designed for living, as most of the tower units average slightly less than 1,000 sq. ft., with large chef style kitchens, stainless steel appliances, quartz countertops and large outdoor spaces with gas barbecue connections.

Located on Lake Ontario, the city of Burlington offers residents a safe and friendly environment as well as fabulous restaurants, shopping, festivals, events and a culturally rich arts community. Gallery Condos+ Lofts will place residents in the centre of it all. The 22-storey building will feature a four-storey podium with a unique cutaway corner and wide streetscape for the public to enjoy.

Building amenities will include an elaborate party room with separate dining and billiards spaces on the second floor, as well as a gym and yoga room that opens to the outdoors for indoor or outdoor practice and a spectacular second floor indoor pool. There will also be an extensive rooftop feature including separate dining, lounge and barbecue areas in addition to fire features. All of these spaces will showcase the spectacular views the building offers.

From the top of the 22nd floor, residents and their guests will enjoy the lake, harbour into Hamilton and the Toronto skyline. Nick Carnicelli, president of Carriage Gate Homes, credits the unique positioning of the building, along with its design, for the fact that many of residents will enjoy these views from their suites as well. Carnicelli explains that the wide streetscapes on three sides of the building of Brant, James and John Streets offers the perfect space for plenty of new trees, street furniture and even outdoor patio space. As the city undergoes a revitalization, these streetscapes will go a long way to improve the downtown core while still offering a quaint yet hip feel that residents will revel in. The close proximity to City Hall and Civic Square make it an ideal location for those who work in the city or want to enjoy all it has to offer on their time off.

The builder goes on to explain that the location is full of vitality and he’s excited to tap into that. “This is an art-inspired project,” Carnicelli says of his desire to make a contribution to public art as part of the development. The plan is to engage local artists in the project with the intent of featuring local art in the building’s lobbies and common areas.

About Carriage Gate Homes

The company has been building in the Southwestern Ontario area since 1988, including infill and custom homes, and commercial developments. It has created award-winning communities in Hamilton, Ancaster, Stoney Creek and Oakville. The Berkeley Hotel inspired condominium is now under construction in downtown Burlington with registration planned for spring/summer this year.

Prices start from $400,000 with suites ranging in size from 500 to more than 1,500 sq. ft..


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Toronto condos web

New condos in Toronto hit record high in prices

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New condos in Toronto hit record high in prices

Toronto condos web

The new condo market in Toronto heated up in the third quarter, with average prices exceeding $1,000 per sq. ft. for the first time, and sales jumping four per cent year-over-year to reach the highest third-quarter volume in the last 10 years.

“The condominium market has performed exceptionally well during its transition from an overheated 2017,” says Shaun Hildebrand, president of Urbanation Inc., in releasing the firm’s Q3-2018 condo market results. “Low supply and stabilized demand should continue to provide structural support for prices. However, signs of a slower pace of price growth ahead, from factors including rising interest rates and higher completions, should be factored into decision making with respect to purchasing investment units.”

Quarterly new condominium sales have settled into a relatively steady pace in recent quarters, following frenetic levels in 2017, Urbanization says.

However, the market appears poised to receive a boost in the final months of the year as a significant number of new units launch for pre-sale, which should be met by strong demand, given current trends.

The average opening quarter absorption rate for new launches has remained above 55 per cent for 11 straight quarters dating back to Q1-2016 (averaging 58 per cent in Q3-2018). This was not solely reflective of increased investor activity, as projects with a mix of buyers, as well as those geared primarily to end-users, have been achieving high absorptions upon opening.

Not every project is selling quickly, Urbanization cautions. Eight of 17 projects launched in Q3-2018 sold less than 30 per cent of their units, compared to only one of 15 launched in Q3-2017 — illustrating increased price sensitivity, a dispersion of new projects across the GTA region, and the importance of a strong marketing campaign. High price points in the current new condominium market should prevent another sustained resurgence in sales activity in the immediate future.

Other highlights include:

  • New condominium apartment sales in the GTA increased four per cent year-over-year to 4,738 units in Q3-2018, reaching the third highest Q3 volume of the past 10 years
  • Year-to-date sales of 14,055 units were down 46 per cent from the record high of 25,839 sales recorded during the same period last year
  • Resale condominium apartment sales grew two per cent annually in Q3-2018 to 5,253 units, marking the first annual increase since Q1-2017
  • Unsold inventory of new condos in development increased two per cent quarter-over-quarter and 22 per cent year-over-year to 9,927 units, although remaining 33 per cent below the 10-year average of 14,806 units. Unsold inventory equaled 5.2 months of supply, rising from 5.1 months in Q2-2018 and 3.0 months a year ago in Q3-2017
  • Despite the growth in supply, the average sold price for all actively marketing projects in Q3 increased 11 per cent annually to $745 psf, with asking prices for unsold units up 19 per cent to an average of $972 psf. Within new projects that opened for pre-sale during the third quarter, prices averaged $745,416, a 33-per-cent jump from a year ago ($562,340). The average size of a new unit launched in Q3-2018 was 714 sq. ft., resulting in average per square foot prices for new launches rising past $1,000 for the first time ($1,044 psf)
  • Average resale condominium prices grew by 6.5 per cent year-over-year to $690 psf, or $577,000 based on an average size of 837 sq. ft, representing a sharp deceleration from the 27-per-cent annual pace recorded a year ago in Q3-2017
  • Construction started on a record 8,150 new condominiums in Q3-2018, raising the total number of condos under construction to a new high of 67,581 units in 236 buildings. Projects under construction were 95-per-cent pre-sold on average.

RELATED READING

GTA new home market shows some improvement in September

GTA new home market quiet in August

 

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Toronto VIP New Condos Portal

Toronto VIP New Condos Portal

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Toronto VIP New Condos Portal

Get VIP Access to Pre Construction Condos Toronto

TorontoCondo4u is managed by Aman Kapoor, a Platinum VIP agent who offers the most up-to-date information about pre-construction projects across the GTA. Registered clients are guaranteed access to purchase units before sales are open to the general public and with VIP prices and incentives.

TorontoCondo4u provides you with the opportunity to:

  • Invest at the lowest price point with additional developer specific VIP incentives (i.e.: discounted parking price, discounted locker price, decor dollars);
  • Get the first pick at floorplans and choose the unit that is best suited to you;
  • Avoid missing out on hot new homes and condos across GTA.

Get your VIP realtor to do the work on your behalf such as assist in picking the best floorplan, views, choosing the best priced units and getting you additional incentives.

What differentiates the company from others is the personal touch provided to all clients. A myriad of clients with different backgrounds seek information on pre-construction projects. The team at TorontoCondo4U ensures that each client is provided with information that suits their needs. From investors to those starting a new chapter in their lives, the team at TorontoCondo4u provides a personal approach that is sometimes lost in this technological world. Each client has a wealth of information at their disposal including best prices, VIP incentives, floorplans and most importantly, direct contact with the team to seek the answers they need to comfortably make their purchase.

Be in the first group of select buyers to get access to the best units outside of the developer’s friends and family. What it means to get first group access:

  • Get Day 1 red carpet access to new projects, promotions and sales events;
  • Don’t need to wait in any line-ups or drive tirelessly to different sales offices;
  • Reserve a specific unit ahead of all other buyers in the comfort of your own home simply by completing a worksheet;
  • Get to work with a specialist, someone who has sold hundreds of condos and will help you save thousands and avoid common pitfalls.

With one million new homes coming to GTA in the next two decades, getting first-hand access with the best prices and options available is the first step to ensuring your next purchase is the best one yet.

Generally, developers in the GTA follow a staggered formula when they sell their pre-construction projects:

  1. Friends and Family sales event (5-10 per cent of units get sold)
  2. Platinum VIP agents get access (30-40 per cent get sold)
  3. VIP agents get access (20-30 per cent get sold)
  4. All agents get access (10-20 per cent get sold)
  5. Pre-registrants get access (5-10 per cent get sold)
  6. Grand Opening to the public (last 10-20 per cent gets sold)

Buying with TorontoCondo4U.ca guarantees you access to at least 90 per cent of unit availability with the best options and prices available. Considering Platinum VIP realtors sell the largest percentage of the project, developers ensure their Platinum VIP realtors are offered the best prices and best incentives along with the earliest access to the project, keeping their realtors motivated to continually sell.

Register on TorontoCondo4u.ca today or call (647) 544-4663 to become a VIP member and receive the latest updates on new project launches and save thousands on your next purchase.

AMAN KAPOOR
aman@torontocondo4u.ca
TorontoCondo4u.ca
(647)-544-4663


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The Urban and The Urbane

The Urban and The Urbane

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The Urban and The Urbane

by Rise Levy

Toronto is a rarity among large cities because it has been able to sustain rapid cosmopolitan progress while remaining a city of neighbourhoods. This unique balancing act explains the steady migration from the suburbs to the city that grows stronger with every passing year. There is a neighbourhood for every personality type, income level or stage of life.

Most large cities degenerate into urban jungles as they grow with a loss of green space, rising crime and a deteriorating school and transit system. Not Toronto. You will find the kinds of leafy neighbourhoods with great schools and playgrounds and parks that make parenting easier and life feel mellow in all four corners of the city. Life in the suburbs provides the same leafiness but it comes with some cultural sacrifices. In all four directions of Toronto you have unique boutique shopping, theatres and the arts and international dining.

There are wonderful condo developments in every area of the city that allow you to benefit from all the perks of the chosen area without the colossal price tag. Do you love areas like Forest Hill or Lawrence Park but you don’t have $5 million dollar rattling around in your pocket? No problem. There is an elegant condominium waiting for you. Do you love the arts and music and the theatre? The young and trendy will find happiness in Liberty Village or Harbourfront or on Queen Streets east and west. Maybe you are an affluent urbanite with a taste for designer fashion and designer food; if so, welcome to your sophisticated Yorkville area condo.

The condo boom has put city living within reach for people at every income level and lifestyle need. With a resale home market gone mad, you can find beautifully finished multilevel townhomes and two-level condos for a fraction of the cost of semis in the same neighbourhoods. At the other end of the scale, you will find studios and small one bedrooms for the young and ultra social who are rarely home but prefer to invest their money rather than pouring it down the renter’s hole.

For people who want it all there is no better place to live than right here in Toronto!

Suddenly Single

Your life was settled (or so you thought) and you had a spacious suburban home and good schools for the kids and an okay marriage. Sometimes you felt cut off from the lively social or cultural life of the city but you thought the trade off was worth it. But when the kids left for college the bottom fell out of the marriage and here you are suddenly single. The suburbs are designed for families but that isn’t you anymore, so it is time for a new beginning.

It is time for your fabulous new condominium in the city. This time around you have the confidence and the money to know where and how you want to live. This time it is all about you and your tastes and your interests. At last you get to decorate for you with no more kid-friendly concerns. No more man caves, either. Your new condo has a state-of-the-art gym and maybe a pool. Your new condo provides a variety of social functions to help you get your sea legs as you start off on this new voyage. You reconnect with old friends who never seemed to make it to your old suburban neighbourhood but are happy to meet you for dinner at that new restaurant down the street. You are seeing the plays you used to read about but never saw. You are going to art galleries and browsing the antique stores and shopping the design stores and one-of-a-kind boutiques. You are meeting new people. You are dating!

At the end of the day you return to your new condo where everything looks and feels like you. The concierge pampers you and there is no grass to cut or sidewalks to shovel — just a balcony, a view and a glass of wine. You tell yourself “this is the life I have been waiting for.”

The Battle Between the Kings and Queens of the East and the Kings and Queens of the West

Queen Street West is where bohemia began to give way to gentrification back in the 1980s and it just keeps moving ever westward. This move was followed in the ’90s by the transformation of the once grim and dowdy King Street West into condo heaven. Queen and King Street East languished for years and, in spite of their prime location, not much changed until the early 2000s. Real estate prices began to soar and Leslieville, Riverside and Corktown (as they are now designated) became the hottest areas of the city according to Toronto Life magazine (and the prices certainly bear that out.)

All along Queen Street lowrise buildings have been torn down and replaced with urban hipster-styled condos. Local greasy spoons have been replaced by dozens of restaurants and bars designed for the young and urban crowd. Design stores and unique clothing stores abound. Tired and drab old Queen East has been reborn and many of the Queen West bohemians driven out by high rents and chain stores have settled here for the married-with-kids part of their life. One ugly reminder remained until recently and that was the flop house strip club sleaziness of the Broadview Hotel. Well no more. The newly renovated Broadview Hotel is a fabulous addition to the neighbourhood with a rooftop restaurant bar that immediately became a destination requiring reservations well in advance. It was always a beautiful old building tragically fallen into disrepair but now it has been restored and modernized into a landmark Toronto can be proud to claim.

So, will there be a winner in the battle between the East and The West? Queen West still has a long head start but Queen East has a more family-friendly feel. Time will tell if there will be a winner or a draw.

The Empty Nesters Moving on Up

You got married and bought a house in the suburbs and then you had kids and you bought a bigger house and maybe you even sized up again. But now the kids have their own lives and you and your mate are living in a house that is too large and requires endless upkeep. You have had enough. Still you wonder, will you miss the space and the yard? What if one of the kids wants to move back? Do you want them to move back?

Wouldn’t it be nice to have your life back? Wouldn’t it be nice to travel without worrying about the garden and the upkeep and just turn the key and hop on a plane? Oh yeah. It’s time for a condo.

Depending on your income, you can get a huge sprawling house-sized condo, or you can downsize and spend the extra income on travel and restaurants and theatre and fun (yes you can!). The beauty of a condo is that it can be in any area you favour and any size and price range, but the maintenance is not your problem and you have great amenities that — once again — are not your problem to maintain. After decades where everything was your problem, this is true luxury.

You really need to get a condo. I mean who deserves it more than you?

Rise Levy is the Senior Editor of Condo Life magazine.


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Nobu Residences Toronto

Nobu Residences Toronto

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Nobu Residences Toronto

Madison Groups’ highly anticipated Award Winning highrise anchors Canada’s first Nobu Hotel and Restaurant

Award Winning Nobu Residences Toronto, the highly anticipated highrise anchoring Canada’s first Nobu Hotel and Nobu Restaurant, was honoured with a prestigious International Interior Design Association Award for its remarkable presentation gallery. The IIDA Global Excellence Awards honour and celebrate outstanding originality and excellence in the creation of international Interior Design/Interior Architecture projects from around the globe.

Venerable interior design firm Studio Munge, which envisioned the space and is overseeing the interior design for the integrated residences, hotel and restaurant, and principals from developer Madison Group were recognized for their vision during a ceremony that took place on January 20, 2018 in Paris, France.

North America’s first integrated Nobu Residences, Nobu Hotel and Nobu Restaurant was announced last summer at a media event in the presentation gallery attended by Nobu Hospitality founders, Chef Nobu Matsuhisa, Academy Award winner Robert De Niro and Hollywood producer Meir Teper.

The gallery is a design marvel – with the team electing to control the natural light in order to maintain the luxury brand’s exclusivity, and transporting visitors into a modern oasis representative of the Nobu lifestyle. The interplay between the ethereal living elements and the lack of natural light allows guests to absorb themselves in the tranquil atmosphere, evoking a desirable cadence for one’s residential life.

“Unlike most presentation centres, the Nobu Gallery is a completely immersive experience that allows visitors to suspend outside influences,” said Josh Zagdanski, vice president, highrise, Madison Group. “When we first discussed concepts with the visionary team at Studio Munge, they understood that the Nobu lifestyle is not only the embodiment of sophisticated materials that will enhance the building, but that the space must capture a specific sensibility that people identify with. The Nobu Gallery is a very special environment and perfectly heightens that feeling. We are immensely proud that it is being recognized globally.”

Embodying the elements of a Japanese reflection pond, guests enter a long corridor enformed by a symmetrical water feature. The many delicate streams of water flow downwards from the ceiling, gathering in a curved pool which is integrated into the jet-black stone floor. The rhythm of the water is a metronome of tranquility as guests emerge into the open space amongst interior walls shaped with blonde, vertical wood slats reminiscent of the Japanese wood, Hinoki.

Absent of all natural light, the space transforms into an intimate succession of lounge seating illuminated by soft, ambient lighting. Oversized black and white portraits, autographed by Chef Nobu Matsuhisa and Robert De Niro, welcome guests into the model suite. A model kitchen and living room invite guests to experience the brand’s offerings through elegant marble surfaces and refined modern furnishings while suspending the hustle and bustle of the cosmopolitan downtown experience outside the presentation gallery’s boundaries.

With only a few suites remaining, the Nobu Penthouse Collection will reside on the top five floors of the east tower, with breathtaking city and lake views. Purchasers can select from a variety of three-bedroom layouts, ranging in size from 856 to 1,500 square feet.

All penthouse suites will feature ten-foot ceilings. Thoughtfully selected interior finishes by Studio Munge will feature engineered hardwood flooring throughout, a premium selection of marble or granite kitchen countertops and backsplash, and Miele kitchen appliances.

Those interested in the Nobu Residences Penthouse Collection are encouraged to visit the Sales Gallery, located at 10 Mercer Street, Toronto or NobuResidences.ca.


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Some things to know before buying a new home or condo

Some things to know before buying a new home or condo

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Some things to know before buying a new home or condo

(NC) — There’s no doubt that condominiums are an increasingly popular choice for new homeowners. In 2016 alone, more than 22,600 new units became homes for Ontarians who are looking for the condo lifestyle and amenities. If you’re thinking of joining them, a good first step is to understand the difference in responsibility between what you own and what all the building’s unit owners share.

A benefit of purchasing a new condominium is the mandatory warranty that is provided by your builder and backed by Tarion, the warranty’s administrator. There’s a separate warranty for your individual unit and another for the building’s common elements. Your unit’s warranty provides coverage for deposit protection and delayed closing before you move in. After you take occupancy, it covers defective materials, building code violations and unauthorized substitutions of items agreed to in the purchase agreement.

Your builder is required to provide you with a homeowner information package, explaining what is and isn’t covered in your individual unit, how to make a claim and when to involve Tarion. As owner, you are responsible for understanding and managing the warranty that comes with your unit and to submit warranty claims on a timely basis.

All condos come with some common elements — like roofing, parking, exterior cladding and some mechanical systems. The homeowner package should clearly outline which are considered common elements.

The common element warranty is managed by your condo’s board of directors or delegated to a property manager. The board is made up of a group of unit owners who are elected to run the condominium corporation on behalf of all owners.

The board must arrange for a post-construction performance audit, which will determine if there are any major deficiencies in the common elements. If there are, the board should report them to the builder and to Tarion.

Any warranty claims relating to the condominium’s common elements must be dealt with by the board of directors, but as a unit owner you should report any common element issues to the board in writing.

If a warranty claim must be made, some boards will identify a designate who will act as the condo’s representative; others may choose to have a property management company fulfill this role. Once a claim is submitted, the builder has 18 months to complete the required repairs.

KNOW WHAT’S COVERED

While the builder provides the Tarion warranty, its cost is often passed on to the new homebuyer. But this one-time fee, ranging from $385 to $1,500 depending on the value of the home, gives you significant value for your money. You’ll receive as much as seven years of warranty protection to a maximum of $300,000 per home or condo unit.

The warranty program has milestones to address specific issues that can arise after you have moved in to your new home. Here is a simple breakdown of the main coverages:

One-year Warranty

This warranty applies for one full year beginning when you first take possession and even if the home is sold during this time. It requires that your home has been constructed in a workman-like manner and is free from any defects in materials used. It also requires that your home is free of Ontario Building Code violations and is fit for habitation. In addition, the warranty protects against unauthorized substitutions.

Two-year Warranty

This warranty begins on the date you take possession of your home, or occupancy of your condo unit. It provides protection against water penetration through the basement or foundation walls, or through windows, doors and caulking because of defects in materials or workmanship.

The warranty also covers defects in materials or workmanship in the electrical, plumbing and heating systems in your home, as well as defects in work or materials that cause detachment, displacement or deterioration of the exterior cladding, such as brickwork or siding.

Finally, the two-year warranty protects against violations of the Ontario Building Code that affect the health and safety of homeowners.

Seven-year Warranty

This warranty covers major structural defects and begins on the date you take possession of the home and ends on the day before the seventh anniversary of that date. It protects against defects in materials and workmanship that adversely affect a load-bearing part of your home’s structure, causing it to fail or significantly affect your ability to use the house as your home.

In most condominium projects, warranty coverage also includes the shared areas of the building, referred to as common elements. This coverage is addressed by the condominium corporation and provides up to $50,000 of protection per condo unit to a maximum of $2.5 million.

SOME TIPS BEFORE YOU BUY

You’ve found the newly built home you’ve been looking for and are ready to make one of the biggest purchases of your life. But do you know how to protect your new home?

Before you sign an Agreement of Purchase and Sale (APS), consider these tips. Review the APS with a real estate lawyer to ensure you understand exactly what is included in the price of the home. If you are buying a condominium, review the disclosure statement to understand which items are part of your unit and which are considered common elements. Make sure everything that is agreed upon is reflected in writing.

If construction has not started on the home or condominium, find out when the builder will begin and how you will be notified if there is a delay. Be sure that you and your lawyer document all details regarding deposits and delayed closings or occupancy. A standard Addendum is required to be included in the purchase agreement. It provides additional information, as well as your rights concerning delays in construction. It is important to review this document with your lawyer.

At the signing of the purchase agreement, you will likely be required to provide a deposit for your home. Understand that deposits on freehold homes are protected up to a maximum of $40,000 by Tarion. Condominium deposits are covered for up to $20,000 by Tarion and deposits over $20,000 are protected by the trust and excess deposit insurance provisions of the Condominium Act, 1998.

Ask when you will be contacted to make selections for interior and exterior finishes. Each builder has a different policy for finalizing selections.

Ask your builder who to contact about scheduling your pre-delivery inspection and when it will take place.

Ask about the builder’s after-sales service policy and who to contact should an issue arise. Ask who to contact in emergencies, too.

Read about the warranty that comes with your new home and understand what to do if you think you have a claim.

Sign up for MyHome, the portal where you can manage your warranty online, at

tarion.com/Pages/default.aspx

newscanada.com


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