January 2010

New Condo In Brampton - Blade Condos

Hi everyone!

In a previous post, I covered Park Place Condos.  Here’s a quick start guide to the other big condo development that is coming up in Brampton. Blade Condos is currently under construction. Read ahead to find out more details on this condo project!

Where is it located?

The official address of this building will be 45 Railroad St., and it will be located in the heart of Brampton, directly across from the GO Station and will be occupying the former Dominion Skate Factory.  Below is a picture of the site before contruction:

Brampton Condo Site

Who’s the builder?

Preston Group.

How tall will it be?

26 storeys.

What kind of suites will they have available?

  • One bedroom
  • One bedroom + den
  • Two bedroom
  • Two bedroom + den

What are square footages on these units?

The one bedroom units range anywhere between 571 – 831 square feet. The two bedroom units range anywhere between 900 – 1116 square feet.

What amenities will the building feature?

  1. Security
  2. Skating oval that converts into a walking track in the summer
  3. Fitness room
  4. Swimming pool
  5. Whirlpool
  6. Al Fresco Dining Area
  7. Yoga room

Are there prices or floor plans available?

Prices start at $179,900.  Please contact me and I’ll be happy to provide them for you.

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Well, here’s the first of many videos to come.  I’ve been meaning to start video blogging for a long time now, but I’ve always preferred text for many reasons.  Some future topics will include buying and selling strategies, Brampton related stories, and other community information.

I welcome any comments, good or bad!  In the meantime, if anyone has any real estate topics they’d like covered, I’ll be glad to throw together a video.  And I promise to shave for the next video.

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As promised, here are the final selling prices for homes in the W24 district of Brampton (anywhere East of Highway 410) for 2009.

[easychart type="vertbar" height="360" width="480" title="LangVuong.com - W24 Brampton Prices in 2009" groupnames="Detached, Semi, Condo Apartment, Condo Townhouse, Freehold Townhouse" valuenames="Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec" group1values="392640,370333,400053,382757,386271,413314,409015,393030,437026,436957,466074,434451" group2values="266665,284517,286807,288428,296485,294284,289936,285955,291263,307534,311478,306153" group3values="161125,146442,157183,166632,169181,172142,152267,155722,173917,174167,177584,165541" group4values="180760,190333,195621,182395,195890,201115,187258,190974,182041,192805,183188,187372" group5values="280550,260700,277120,272625,299213,278672,279325,267065,299240,291311,290265,294967"]

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I’ve just finished compiling the final selling prices for all homes in the W23 district of Brampton (that’s anywhere West of Highway 410) for 2009. I’ll be working on the numbers for W24 and have them posted shortly.

Hope this chart will provide useful for some of you!

[easychart type="vertbar" height="360" width="480" title="LangVuong.com - W23 Brampton Prices in 2009" groupnames="Detached, Semi, Condo Apartment, Condo Townhouse, Freehold Townhouse" valuenames="Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec" group1values="312918,330694,336280,336076,354626,356205,362038,363376,375289,360746,374941,374110" group2values="266274,268890,270242,272067,280099,278140,283069,284002,289783,289741,291784,283292" group3values="221667,180600,186171,179545,205786,202000,201117,199208,198786,189056,200290,200300" group4values="224042,232139,215040,223117,218088,229363,230527,231060,223085,224875,204505,209345" group5values="243833,251637,245514,258129,248485,262965,269682,252286,263941,291311,267882,275361"]

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New Condo In Brampton - Park Place

Hi everyone!

Here’s a quick start guide to one of the new condos that are coming up in Brampton.  Park Place is currently under construction.  Read ahead to find out more details on this condo project!

Where is it located?

The official address of this building will be 4 James St., and it will be located in the heart of Brampton close to City Hall and Rose Theatre.

Who’s the builder?

Inzola.

How tall will it be?

27 storeys with a beautiful 2 storey lobby.

What kind of suites will they have available?

  • One bedroom + terrace
  • One bedroom + den + terrace
  • Two bedroom + terrace
  • Two bedroom + den + terrace

What are square footages on these units?

The one bedroom units range anywhere between 612 – 743 square feet.  The two bedroom units range anywhere between 887 – 1764 square feet.

What amenities will the building feature?

  1. Security
  2. Library
  3. Yoga Studio
  4. Fitness Room
  5. Home Theatre
  6. Party Room
  7. Dining Room
  8. Billiards Room
  9. Boardroom
  10. Cards Room
  11. BBQ Patio
  12. Guest Suite

Are there prices or floor plans available?

Please contact me and I’ll be happy to provide them for you.

Can I see what the building looks like?

You can access a live webcam that shows the construction of the building.

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HST Tax

One of the most frequent questions I get from clients is about the upcoming Harmonized Sales Tax (HST) and how it will affect the purchase of a home.  Here is the breakdown of the rules:

When does the HST take effect?

July 1, 2010.

How much tax will I be paying in total?

13% (That’s 5% GST + 8% PST).

I’m buying a resale home, so will I have to pay this HST?

Good news!  The answer is NO!  If you’re buying a resale home, you simply pay the purchase price as usual.

I’m thinking of buying a new home from the builder, so will I have to pay this HST?

Ouch, yes you do!

But wait, I heard there is some sort of rebate program in place if I bought a brand new home?

The Province is proposing a rebate so that new homes across all price ranges would receive a 75 per cent rebate of the provincial portion of the single sales tax on the first $400,000. For new homes under $400,000, this would mean, on average, no additional tax amount compared to the current system.

Is there anything else that I would have to pay HST on?

Unfortunately, they’re hitting you everywhere.  You’ll be paying HST on legal fees, moving costs, home inspection fees, and real estate commissions.

Where can I find out the full details of this tax and how it works?

You can read all the exciting details right here.

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