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Eric Skicki

The Food District: Square One’s Newest Foodie Destination

Written by Eric Skicki Friday, April 5th, 2019
  • Yesterday was the grand unveiling of the much anticipated Food District in Square One. A new  34,000 sq ft food destination to all the foodies out there.

    Square One is currently the third largest mall in Canada, in terms of square footage. As the mall topped a billion dollar in sales, it unveiled a luxury wing with high-end department giant Holt Renfrew and announced a redevelopment that will cost around $580 million.

    Part of the redevelopment would include expanding the north wing ( the former Target area) moving the Chapters on Rathburn Rd into the mall and adding The Rec Room, an entertainment complex by Cineplex that will sprawl over 44,000 square feet and offer two full floors of food and activities.  It will host many restaurants, amongst them Three10.

    The west wing has opened in November with UNIQLO and has reserved 34,000 sq ft for the Food District that will offer a wide array of food hot spots. It will also offer cooking classes, tastings, dinner parties, book signings, and other special events, making Square One a popular destination for all. Some of the restaurants that are calling the Food District home are:

    The Pie Commission – Some of the best pie was born here. Try the beef ‘n’ beer.

    Dal Moro’s Pasta – Authentic Italian pasta

    Craft Chippery – Gourmet chips.

    MidiCi –  Pizza the Neapolitan way straight out of LA. This is Canada’s second location outside of LA, and will offer pizza, pizza, and more pizza, along with antipasto, salads, meat and cheese boards and more!

    The District Kitchen – They will host cooking classes, dinner parties, corporate and special events. 

    Sugar King Factory – Candyland!

    Arvinda’s – Pre-packaged spice Indian blends.

    Bake Three Fifty – Here you can build your own cupcake, milksake and ice cream sandwich. Yum!

    Tao Tea Leaf – Taste different tea flavours for half the year. They have over 180 varieties.

    Blackjack BBQ – Best in town Sweet Whiskey Pork Ribs & Dinosaur Beef Ribs.

    Pier 87 Fish Market & Grill – Fresh or frozen seafood anyone? Your next go to Fishmonger.

    Chocollata Gourmet – Brazilian tradition. Gourmet Brigadeiros with a ton of History.

    The Box Donut – Krispy Kreme who?

    Hale Coffee – Toronto-based specialty coffee roaster.

    BROD – Authentic Danish Pastry house .

    Blossom Moments – Beautiful flower shop.

    La Carnita – If you love Tacos, you will love this Toronto-born Mexican hot spot

    Kingston Olive Oil Company – Taste some of the world’s finest aged balsamic vinegars and extra virgin olive oils.

    The Macaron Boutique – The finest macarons. Order your towers now!

    Sweet Jesus – It’s finally at Square One. Amazing ice cream! Join the rest of the loyal customers by posting on Instagram with your favourite flavour.

    Village Juicery – Cold pressed juice spot.

    Plancha – Spanish cooking with style! Plancha means cooking on a cast-iron plate over an open flame.

    Seed to Sausage – Some of the finest meats with as little preservatives and additives as possible.

    This new expansion to Square One comes amidst all the new construction happening in the area such as M City, The Exchange District, and Avia

    If you have a chance, check out the Food District this weekend. We anticipate a large turnout as it is opening weekend.

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    • This entry was posted on Friday, April 5th, 2019 and is filed under ALL Articles, Condo Features, Investment. Tags:

    Eric Skicki

    The Exchange District

    Written by Eric Skicki Wednesday, March 27th, 2019
    • The Exchange District
      The Exchange District (Developer Rendering)

      Remember when we were saying that the City proposed some new developmental plans for downtown Mississauga? We also mentioned in numerous blogs that what the city was really missing was a new hotel and a lot of chic restaurants. Well, a brand new Toronto developer has taken this as a cue and is doing just that; building out a new downtown core in Square One, dubbed the Exchange District. The developer has set its sights on 3 acres of land that encompasses the site around 151 City Centre Drive. Currently gracing its grounds is a large commercial building with offices and a Tim Horton’s and Dental office at the bottom, along with a lot of parking space.

      The new plan for the site proposes condominium towers, international retailers, a hotel, casual and fine dining spaces, modern offices, accessible green spaces, and a public square.  The renowned developer is Camrost Felcorp, who have developed buildings such as Marina Del Rey Towers I II and III, The Yorkville Plaza, iLofts, California Condos, Imperial Plaza, The Legends, Warehouse Lofts & many more.

      What we know so far

      The site is to host 4 tall condominium towers of modern design upwards of 72 storeys tall. Some of the current renderings suggest completely square buildings with intricate designs offering 2,000 residences. The development will be adjacent to Square One Mall and will not only compete on a national level but global level in terms of luxury and design. The leading architect from IBI and interior designers are some of the finest in the industry and behind projects such as M3 in Square One.

      Redefining Mississauga

      Mississauga is Canada’s 6th largest city. The Marilyn Monroe Towers have been the iconic buildings since they have been constructed and acted as Mississauga’s landmark. However, Projects such as M City and the Exchange District will add luxury and some new iconic towers to the city, taking it to new heights. Mississauga had a hard time competing against a city like Toronto. But once the vision of Downtown 21 becomes a reality, Mississauga can compete with not only Toronto, but cities like New York, Vancouver and London.

      The project is currently in the proposed stages, as soon as floor plans, prices and due dates are released, our team at MySquareOneCondo will keep you posted as always. If you are interested in calling the Exchange District your home please fill out the form below.



      GET PRICES & FLOORPLANS

      REGISTER BELOW AND GET ALL OF THE INFO EMAILED TO YOU IMMEDIATELY

      Are you a realtor?
      YesNo


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      • This entry was posted on Wednesday, March 27th, 2019 and is filed under ALL Articles, Articles for Buyers, Condo Features, First Time Home Buyer, Investment, Pre-Construction Condos. Tags: , , , ,

      Eric Skicki

      Avia Condos Platinum Launch March 23,2019 | By Amacon

      Written by Eric Skicki Thursday, March 21st, 2019

      • The much-anticipated condo project AVIA, part of the Parkside Village community, by Amacon is set to launch this weekend! The modern and sleek design of the building will leave you wondering if you are in fact in downtown Mississauga. This next phase will add a whole new look to the Mississauga skyline and redefine elegance. Avia, as per the builder, takes its name from ‘Aviation’ after the sense of movement in its façade and emphasis on sweeping views.  The lower levels will offer retail space for the convenience of its residences, just like the previous towers at Parkside Village. The motto here is “everything right at your doorstep”.

        Join Us for a Platinum Launch Event this Saturday, March 23rd, 2019 for special incentives and exclusive access! RSVP Today for your Spot!

        As soon as you walk through the main lobby, you will be greeted by the splendour that you will call home. Avia incorporates warm features with wood and the soft colours that have been the “it” trend among interior designers. The long wait was worth it. Come home to comfort and style.

        Amenities will be located on the 5th floor of the building and have been designed to keep in mind every resident. The outdoor yoga/ meditation deck and open play area are great for those that wish to relax and watch their children at play or if you wish to throw a Frisbee this is the place. If you practice yoga, you can do so at the indoor yoga studio located right next to the exercise room. The exercise room is equipped with the latest state of the art equipment.  For your little once, Avia offers a separate outdoor play area and an indoor play area. Your guests can stay over at the luxurious suites, after a night in – playing in the gaming lounge or watching the latest flick in the large theatre. The party room and Chef’s Kitchen are great for any party planners and of course, the BBQ enthusiasts have not been forgotten – the sun terrace, outdoor lounge, and BBQ area are all yours!

        As always, our buyers will have a choice between many functional and well-designed unit layouts. You will have picks of 1 bedroom, 1 bedroom plus den, 2 bedrooms and 2 bedroom plus den units. All units are equipped with the latest designer  Energy Star Stainless Steel Appliances, front load washer/dryer combo, large floor to ceiling windows, 9ft ceilings, laminate flooring, ceramic tiles, quartz counters, spa-like baths and gourmet style kitchens. Options for electric car charging stations are available for this tower as well.

        Why Avia?

        Location, location, location. Avia, just like Block 9 and PSVI and PSVII is located in the heart of downtown Mississauga. It is within walking distance to Celebration Square, Mississauga Public Library, Square One Mall, Sheridan College, Mississauga Transit and The Go Station. Within close proximity are restaurants, shops, parks, entertainment, movie theatres and highway 403.

        The previous phases have done extremely well and sold out quickly. Amacon is a well know builder with a great reputation and a long track record of building great high rises. Avia will be the next masterpiece in the Parkside Village community with great designs both throughout the building and within your own unit.

        We anticipate some high-end finishes and great colour palettes. If you prefer a darker unit or a lighter unit, there are typically 3 great colour palettes to choose from. You can choose your colours for hardwood flooring, cabinetry, tiles, countertops, and backsplash.  This allows you to customize the unit to your colour preference.

        The prices in Square One are still great for both first time home buyers and investors alike. We know that Avia condos will start in the mid- $300s for their 1-Bedroom units. Maintenance fees will be approx. $0.57/sq ft. These prices are very competitive with the resale condos currently sold in the area.

        If you are looking to get your Avia unit please contact meJoin Us for a Platinum Launch Event this Saturday, March 23rd, 2019 for special incentives and exclusive access! RSVP Today for your Spot!

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        • This entry was posted on Thursday, March 21st, 2019 and is filed under ALL Articles, Articles for Buyers, Pre-Construction Condos. Tags: , ,

        Eric Skicki

        UPDATE: Mississauga’s Hurontario LRT in Danger of Being Canceled

        Written by Eric Skicki Thursday, December 20th, 2018
        •  

          Hurontario LRT vehicle

           

           

          One of the perks of living in Mississauga’s City centre, nearby Square One, is the easy access to transit and transportation. With highways, major roadways, local and regional transit options you are connected to the rest of the province in many easy ways. Announced in 2012, a major project that will be a great transportation development in Mississauga is the planned Hurontario LRT. Planned to stretch from Port Credit by the shore of Lake Ontario up to Brampton’s Gateway Terminal and circling Square One itself.  Planned to open in 2022 the Hurontario LRT will be a $1.4 Billion, 22 stop aboveground rapid transit option for residents of the region.

           

          Residents in the Square One area are going to be temporarily inconvenienced by the infrastructure construction for the next few years but the opportunity for property values to rise with its construction is undeniable. Resale values are definitely affected by transit options, neighbourhood amenities and walkability. Though current residents are concerned by the likely (though hopefully temporary) increase in traffic congestion during construction.  The Bramptonist points out that “about 70,000 of morning commuters travels to Mississauga from Brampton, even more than the 55,000 that travel to Toronto.” Many of which are coming into the Square One area to the many offices and services in the neighbourhood. Offering these commuters a car-free rapid transit option for commuting will make Square One Condo residents’ driving experience better.

           

           

          Hurontario LRT Streetview

           

          New Government Changes

          In November, new premier Doug Ford put the future of the Hurontario LRT in question when it was mentioned in connection to his plans to ‘eliminate the inefficiencies of the previous Liberal government’. In November he singled out the $1 Billion Hamilton LRT plans as a guarantee for funding. Meanwhile, the provincial PC government has avoided the press and NDP’s questioning about Mississauga’s LRT Future. The provincial government’s refusal to make the same guarantee for the Hurontario LRT is concerning many residents and local officials.

           

          Meanwhile, the municipal governments in Mississauga and Brampton are moving ahead with the plans and infrastructure changes. The new municipal city council in Brampton is proving more open to the LRT plans than their predecessors. The old council cancelled the original plan to have the Hurontario LRT run up through the downtown of old Brampton and this new council is reconsidering the plan to end the LRT at the Gateway terminal. Bringing back to the conversation LRT service in their downtown. Bonnie Crombie, Mississauga’s mayor, has met with Premier Ford in person to plead for the Hurontario LRT. It has been reported she stood her ground and expressed Mississauga’s commitment to their side of the funding. Mayor Crombie has always been a cheerleader for this project.

           

          Follow us on our Facebook and Instagram and we will keep you informed as we get more news to help you make smart choices with regards to your Square One Condo. You can also keep up to date with Metrolinx’s plans on their site.

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          • This entry was posted on Thursday, December 20th, 2018 and is filed under ALL Articles, Investment. Tags: , , , ,

          Eric Skicki

          3 New Condo Projects Launching in Fall 2018

          Written by Eric Skicki Sunday, August 26th, 2018
          •  

            Unless you have been sleeping under a rock, you will know that the pre-construction condo market has been on fire for the past 18 months in Mississauga. Every project which launches sells out in record time.

            We had clients who purchased in condo developments such an M City Phase 1 and 2, Edge Tower, Perla and Block nine, and they are up sometimes over 100% on their initial deposit in PROFIT.

            I, myself also personally own a few condos around the Square One area and have done very well. For experience, I find that condominiums are easy to rent out (typically under 1 week) and they are seen as “hassle-free” investments, which require very little owner intervention. Remember, I stick to brand new condos which not only have a warranty but are also very appealing to renters.

            The first half of 2018 has been pretty quiet in Mississauga in terms of new developments. We had a good amount of people waiting for guidance on where to invest next.

            Today we give our readers an insider look on what is to come for fall 2018. We will have platinum access to three great projects, which are guaranteed to sell out.

            Have a look below and don’t forget to register to the projects you are interested in!.

             
            ————————————
             

            .

            M City 3
            .
            M City by Rogers Developments (Yes; the same Rogers as your cell phone provider) had a very successful first and second phase sell out near downtown Mississauga back in 2017. With more buyers then units available (and they had over 700 units per tower) the long-anticipated phase 3, or better known as “M3” Is set to launch soon.

            Here is what we know so far:
            .
            Tower name: Mcity M3

            Location: Burnhamthorpe and Confederation

            Height: 80 storey (This will make it the tallest building in Mississauga)

            Starting prices: $400’s Estimated

            Completion date: 2023 Estimated

            Launch: Mid October  (subject to change)

            Recommended for: Investors and End-users

            Register Here

             
             
            ————————————
             
             

            Pearl Phase 2
            .
            If you prefer living a little away from the downtown core, I would suggest to check out this smaller project by Pinnacle International.  Perla Phase 2 is the sixth tower in a multi-development community by Pinnacle. The builder has a good reputation with staying on time and we can expect this project to be priced very reasonably. Parking and a locker will be included in the price here.
            .

            Here is what we know so far:

            .

            Tower name: Perla Phase 2

            Location: Hurontario and Eglinton

            Height: 15 storey  

            Starting prices: $400’s Estimated

            Completion date: 2021 Estimated

            Launch: Mid September (subject to change)

            Recommended for: Investors and End-users

            Register Here:

            .

             
             
            ————————————
             

            .

            Tanu
            .
            We will also have a very rare opportunity to present a new condominium project in Port Credit.  For those that don’t know, Port Credit is a highly desirable area by the lake in Mississauga. It’s close to many restaurants, parks and attractions. There will be a good selection of unit sizes ranging from 620 sq ft all the way up to 2100 sq ft. We can expect the finishes to be ultra high-end on this one!
            .

            Here is what we know so far:
            .

            Tower name: Tanu

            Location: 25 Park East Street, Mississauga

            Height: 15 storey  

            Starting prices: $400’s Estimated

            Completion date: 2022 Estimated

            Launch: End of September (subject to change)

            Recommended for: End users

            Register Here:

             

             

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            • This entry was posted on Sunday, August 26th, 2018 and is filed under ALL Articles, Investment. Tags: , , , , , , ,

            Eric Skicki

            What to do on your Mississauga condo PDI (Pre-delivery inspection)

            Written by Eric Skicki Monday, May 14th, 2018
            • You bought a pre-construction condo a few years back and now it’s time to take possession. But before you get your keys, the builder gives you the opportunity to do a pre-delivery inspection of your unit.  These inspections are mandatory and typically take no more than one hour with most properties.

               

              I always recommend bringing the following things to the PDI (Pre-Delivery Inspection) –

              1)      Original APS (agreement of purchase and sale), floor plans and any upgrades

              2)      Basic tools – Flashlight, tape measure, green tape

              3)      Notepad

              4)      Digital Camera or phone camera

              5)      Electrical tester – If you want to make sure the switches & outlets are working

              6)      Proper clothing, preferable steel toe boots

              7)      PDI checklist

               

              PDI checklist:

              Here is what we came up with for a condo specific PDI checklist.


              Kitchen – Start your PDI in the kitchen & work your way room by room. In the kitchen, there are several things to look out for.

              1st – Check the hardwood or tiles, depending what’s inside your specific unit. You want to make sure there is no damage to the plank or tile. If there is damage, then put a green tape sticky on the spot & get the inspector to note down the damage that needs to be fixed.


              2nd – Check the countertops for any damage along with the backsplash. Again if there is any damage like scratches or chirps put a green tape sticky to the spot.


              3rd – Check cabinets & drawers by opening them. Make sure all the hinges are properly secure, and that cabinets are properly aligned, open and close without difficulty. Check for scratches or any damage.


              4th – Open each appliance and make sure that they are properly installed and in working condition. Check for any damage – dents, scratches etc.


              5th – Check the sink and the faucet in the kitchen. Make sure that there is both hot and cold water. Fill the sink with water & make sure it drains properly. When you open the lower cabinet beneath the sink make sure there are no water stains underneath. This will tell you that the sink has been properly connected. Also, make sure that the dishwasher is connected.


              6th – On the list are electric switches & lights. Make sure everything turns on and off and is in proper working condition. & check the entry door to the unit.


              Living Room/Dining Room – There are very few things to look out for here compared to the kitchen, bathroom & laundry room in a condo.

              1st – Check all the light switches to ensure they are working and turning on and off.


              2nd – Check the floors for any damage/chirps. Keep in mind that your floors should not make any noise when you walk on them. Make sure that the baseboards are properly aligned and that there are no gaps or damage to these.


              3rd – If you have crown moldings, make sure there are no gaps, that they properly align and that there is no visible damage. Make sure that there are no scratches on the walls or that the paint is chirping.


              4th – If your condo comes with a fireplace, make sure it is in working condition and turns on and off.


              5th – Check the windows & balcony door that they open & close and that screens are properly installed. Make sure that they lock & unlock properly and check the balcony railing to ensure that it is properly secured.


              6th – If you happen to have blinds/shutters in your unit, check that they open and close properly. You want to check that these are correctly installed as well.


              Master Bedroom/Bedrooms – Like the living room, you will want to check floors, windows, crown moldings & baseboards for damage. Check the trim & bedroom door to make sure there is no damage and that it opens and closes and that it is properly aligned. If you have a balcony door make sure it opens and closes.


              Bathroom – Your bathroom is just as important as your kitchen and consists of a few components.

              1st – Are the tiles on the floor as well as in the shower or tub that you want to check for damage/chirps.


              2nd – Check that the fan & lights are in perfect working condition.


              3rd – When you look at the vanity there are a few things to look at such as the mirror to ensure that there are no scratches, damage or chirps, that the lights above it work. The sink & faucet should have hot water & drain properly. Watch out for water stains underneath the sink to ensure there are no leakages and that everything is properly connected. Ensure that all the cabinet doors and drawers open and close and that the hinges are correctly secured.


              4th – Is to check that the toilet is flushing and that it doesn’t leak anywhere.


              5th – Check the caulking around the sink & the bathtub and or shower. Test the shower head & drain. Assure that all faucets are working and that there is hot water and that the water drains. If you have a shower door; assure that it opens and closes and that it is properly installed.


              6th – Open and close & lock the bathroom door and look out for any damage and that the door is properly aligned.


              Laundry Room – This is an important component of your inspection. Take your time to assure that it is done accurately and that you don’t miss anything.


              1st – Make sure that the vent is going up and out of the unit.


              2nd – take a look that the water is connected.


              3rd – I recommend turning on the washer & dryer to assure it functions.


              4th – Check the dryer & washer for any dents & scratches and open and close the door.


              Exterior and common elements – This is something that you do not have to worry about as this is the builder’s responsibility.


              Air condition/heating and Mechanical –  Would just recommend turning on the unit. Most condos have AC on in the summer and heat on in the winter so you will not be able to test either the AC or the heat depending on the season.  


              Closets – I would advise sliding the doors open & close to assuring they are working. If there is glass check for scratches and chirps or cracks and take a look at the closet rack installation.


              Pro tip – If floors are dusty make sure to note that on your PDI list as there might be floor scratches which are not visible until the floor is clean.

              Clicks here to know about 11 Tips Buying New Condo Mississauga.

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              • This entry was posted on Monday, May 14th, 2018 and is filed under ALL Articles, Condo Features, Pre-Construction Condos. Tags: , , , ,

              Eric Skicki

              New Tax Coming on AirBnB Condos in Mississauga

              Written by Eric Skicki Thursday, April 12th, 2018
              • tax

                Over 3 years ago, we covered in a blog, what was then the current state of short-term rentals in Mississauga. The article did spark some interesting debate on whether short-term rentals should or should not be allowed. We even had some major news outlets reach out to us to get more information.

                Since then, the condo short-term rental market has grown significantly. To put into perspective, the leader in this space, website Airbnb, has currently 122 listings for short-term apartment rentals in the Square One area, which is a lot considering that a lot of buildings have a no short-term rental policy and have started to shut them down.  At the same time, there are only 87 listings on REALTOR.ca which are available for lease for a one year term.

                Why is this a growing concern for many?

                 

                There are 3 main reasons.

                Given that there are more and more apartments rented on a short-term, it is really starting to affect the supply of apartments for those who wish to stay on a long-term basis. This, in turn, drives prices up to a point where many can no longer afford to pay rent. Right now the average 2 bedroom unit in Square One is around $2000/month.

                Secondly, people who would typically stay in hotels are now treating these condos as viable alternatives. This is hurting the hotel industry, which has to pay hefty taxes to rent out their space.

                Lastly, the residents who live in these buildings argue that they do not want their buildings being treated as hotels by those who rent out units on a weekend basis. It not only creates an unpleasant environment but also puts a strain on all the amenities, elevators etc. Owners of units claim that the value of their own units suffer through short-term rentals through both wear and tear on amenities, elevators, hallways as well as the image that it gives off.

                 

                The Proposed Solution – A New Tax.

                Starting July 1st, 2018 the City of Mississauga will impose a mandatory 4% tax on all short-term rentals.

                The money raised from this (which is estimated at almost $10 million a year) will be reinvested in building incentives, to strengthen tourism and to showcase many celebrated attractions – Mayor Crombie announced.

                Under this new law, anyone renting for a period that is less than 28 days, will be charged the new tax. It is also important to note that this will affect homeowners who rent out their primary residence including secondary suites and basement apartments.

                The fine details of this proposal are yet to be finalized and will be released soon.

                Toronto and Vancouver have already put similar tax measures into place and Mississauga is one of the ever fast growing cities will only naturally follow suit.

                We encourage all short-term condo hosts to speak to their accountants to understand the tax implications this may have on them.

                Some condo investors are not happy with the new announcements, citing that this will affect their net profits.  How do you feel about this tax? Share your opinion below.

                 

                 

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                • This entry was posted on Thursday, April 12th, 2018 and is filed under ALL Articles, Investment. Tags: , , ,

                Eric Skicki

                Mississauga Condo Market in 2018.

                Written by Eric Skicki Sunday, January 14th, 2018
                •  

                  2017 was an interesting year in GTA real estate to say the least. We covered in an earlier blog how home prices between January to April skyrocketed by 10-15%. After the April 20th new mortgage rule announcement the market seemed to have take a turn. Here is what happened since then.

                   

                  Resale Houses

                  Depending on the area, the number of homes for sale at any given time went double or even triple what they were earlier in the year. Prices have taken a dip also. The biggest change was experienced by homes priced over the $1.5m mark, dropping in some cases as much as 20%.

                   

                  Pre-Construction Houses

                  Over the past few months, I visited many presentation centers for new homes and it’s clear that new homes are not selling like they used to. Big builders such as Mattamy Homes, got accustomed to selling out entire phases over one weekend, and now are barely selling any houses. New townhomes have taken a noticeably less downturn, but are still not moving as fast as before.

                   

                  Resale Condos

                  Condos listed on MLS seemed not to be affected by the new mortgage rules. Regardless of location, size or even sometimes condition, condos which are well priced do not last long on this market. Many first time buyers are surprised to see the low inventory levels. Some of the popular buildings in Mississauga, such as Onyx or Chicago Towers, only have 1-2 available units listed for sale at any given time.

                   

                  Pre-construction Condos

                  If there is any segment of the market that almost benefited from the recent mortgage rule changes, it’s the new condo market. Average PSF (price per square foot) in Toronto went from the mid $600s to the mid $800s+. Which means a small condo with a parking spot in Toronto can cost anywhere between $500-600k. Mississauga has also seen price increases where $600+ PSF is the new normal.

                   

                  Why is the above happening?

                  The answer is simple. Affordability. For the vast majority of buyers, detached homes are simply out of financial reach. Under the new mortgage rules, buyers must qualify for all real estate purchases as if the mortgage interest rate was 5%. This can easily add up to 20% more on your monthly mortgage payments.

                  For the same reason, in 2017 and going on into 2018, the mainstream way to invest in residential real estate will remain as condos. Not only do condominiums see better cash flow (than detached homes), and healthier appreciation, but are also much easier to rent.

                  What is interesting to note is that, for the past five years or so many “real estate gurus” and media publications, positioned condos as the more “riskier” investment over stand-alone homes. There was a sentiment that condos were overbuilt and overvalued. As we have seen last year, the exact opposite unfolded, and condos turned out to be the winner.

                   

                  What to do in 2018?

                  I still believe that the best long-term real estate investment one can make is a pre-construction condo. Some of our clients who bought in previous phases, such as Grand Park 2, PSV and Crystal, have seen over $100k in price appreciation over the past few years. There is a high demand on the rental market for these condos and they usually get rented within a week or so.

                  Regardless if you’re a first-time buyer, a downsizer planning for his/her retirement or an experienced investor, I recommend you reach out to us and we can find you the best condo for your needs. In 2018, we have quite a few launches in Mississauga. So far we announced – Highlight condos, Edge Towers (2nd release) and Avia. Stay tuned for more!

                   

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                  • This entry was posted on Sunday, January 14th, 2018 and is filed under ALL Articles, Market Statistics. Tags: , , , , , ,

                  Eric Skicki

                  Edge Tower Condos VIP Sale

                  Written by Eric Skicki Thursday, September 28th, 2017
                  • Egde Condo Mississauga

                     

                    Update: We will have a new 2018 release for EDGE condos on Thursday, January 18th between 5-7PM. Register for this event here.

                     

                    If you are currently renting and looking to purchase your first place, or if you are an investor considering purchasing some real estate, Edge Condos might be your best option.

                    The builder, Solmar, is pleased to announce that we will be releasing the first phase of a multi-building development in just a few weeks. Solmar has not built any condominiums in downtown Mississauga, but they are very well equipped to do so. Having constructed many buildings in North York, this developer focuses on detail and quality. I was inside the sales office yesterday and have seen the quality of construction and I must say that I am very impressed. Many features and finishes which are typically offered only in higher end Toronto projects are considered to be the standard finishes offered at Edge towers.

                    Even though prices and floorplans are not officially released, I had a chance to look over some of the material and here is what I can share so far.

                    The first phase release will consist of just over 200 units and is expected to sell out within days. Pricing starts from the $300’s for one bedroom units, and $400’s for two bedroom units. The completion of the first tower will be sometime in 2020. As with all pre-construction condos, the total deposit will be 20% and broken down into smaller installments.

                    For end users looking for the best-unobstructed view, I would recommend going for any of the west facing units. These units will give you a nice park view. There will be a new dog park right next to the building which is great for anyone who owns a pet!

                     

                     

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                    • This entry was posted on Thursday, September 28th, 2017 and is filed under ALL Articles, Pre-Construction Condos. Tags: , ,

                    Eric Skicki

                    Top 5 most expensive buildings in the Square One Area

                    Written by Eric Skicki Friday, August 11th, 2017
                    • Real Estate prices in the GTA have been on a steep incline this year. Many condos in Mississauga are now selling from the mid $500’s per square foot.  This is in line with what condos in Toronto used to sell for on average only 3 years ago.

                      The list below is made up of the five most expensive buildings in downtown Mississauga based on a per Square foot basis. There are condos which have higher priced penthouse units (such as Absolute and Skymark) however they do not make this list.

                       

                      1. Crystal – 75 / 55 Eglintoncrystal condos

                      Located just north of Square One, often called the “uptown of Mississauga”, Crystal condos consistently rank as of the most desirable and in demand condos in the area. Constructed less than two years ago, they are the newest completed buildings in the area.

                       

                      2. Onyx – 223 Webb

                      Rated by many Realtors as the best overall building in the downtown core, Onyx still looks amazing despite being almost 7 years old. The rooftop party room and state of the art amenities make this one the crown jewel of all the City Centre buildings.   

                       

                       

                      3. The Grand & Park Residence – 4099 BrickStone Mews & 4070 Confederation Pkwy

                      Rising tall over 40 stories with amazing views of Celebration Square, the Grand & Park Residence tend to be the choice of many young professionals. The retail stores below the podium offer unique convenience not found in other nearby towers.

                       

                       

                      4. Chicago – 385 Prince of Wales

                      Praised for its elegance and original style, the Chicago building is definitely one you should check out if you are looking to buy a condo. Built by the award-winning builder Daniels, Chicago offers a great location for students looking to go to Sheridan college.

                       

                       

                      5. Grand Park 2 – 3985 Grand Park

                      Situated about half a kilometre from the busy downtown core, Grand Park 2 became a favourite for those who want a quieter location. With plenty of parking across the street, Grand Park 2 is perfect for those who like to entertain larger groups.

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                      • This entry was posted on Friday, August 11th, 2017 and is filed under ALL Articles, Articles for Buyers. Tags: , , , , , , , ,

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