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Eric Skicki

Big Ideas For Small Mississauga Condos

Written by Eric Skicki Saturday, November 16th, 2013
  • small-mississauga-condo-ideas

    It’s no secret that condo builders are designing condo units smaller and smaller. A recent study showed that the average condo size has shrunken as much as 20% from what builders were offering a decade ago. The reason for this is simple; builders realized that in the same amount of space, they can sell a lot more units by making them smaller.

    Most people would argue that bigger is better when it comes to condos.  As much as I agree that bigger condos are better than smaller condos, it is important to point out that smaller condos are cheaper to furnish and easier to clean.

    In this short blog post, I want to cover 5 cool tips and tricks I have made available to my buyers, who are looking to get the most out of their smaller condo units.

     

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  • This entry was posted on Saturday, November 16th, 2013 and is filed under ALL Articles, Condo Features. Tags: , , , , , ,

Eric Skicki

Pinnacle Uptown Townhouses Release

Written by Eric Skicki Monday, October 28th, 2013
  • The Marquee Townhomes Kitchen

    UPDATE NOVEMBER 16TH: The Pinnacle Uptown Townhomes have been released please Click here or call 647-689-7517 to book your appointment. No walks in.

    The long wait is finally over. Those who have been anticipating the release of the Pinnacle Uptown Townhomes can now officially register with me for the VIP launch, which will take place in less than 3 weeks! This limited release of only 100 units, nicknamed “Marquee Townhomes” will be a great addition to Mississauga’s expanding downtown core. The ultra high-end townhouses will be similar to those existing townhomes currently found on the corner of Shipp Drive and Roberts Speck Parkway in downtown Mississauga (some these are known to sell for a million dollar plus).

     

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  • This entry was posted on Monday, October 28th, 2013 and is filed under ALL Articles, Pre-Construction Condos. Tags: , , ,

Eric Skicki

The Evolution Of Real Estate Offers

Written by Eric Skicki Saturday, October 5th, 2013
  • real-estate-offers

     

    Real estate has come a long way over the last decade or so. We have seen a peculiar change in the dynamics of how properties are marketed by the seller and searched for by the buyer. Years ago, it was unheard of that someone could be sitting halfway across the world on their computer, searching for properties and then buying them. Today, this has become mainstream. Buyers do not need to be in the country in order to purchase a property. In this blog post, I will share some of my thoughts on how the presentation of offers has changed over the past few years.

    Traditional Offer Presentations

    Traditionally speaking, the real estate purchasing process looked something like this:

    A client would contact a REALTOR to help him find a new home. The agent would show him a series of houses until the perfect one was found. The REALTOR and client would then meet at the agent’s office and write up an offer. Once the offer was completed and signed, the buyer’s agent would contact the seller’s agent to arrange a time when the offer could be presented in person. The face to face meeting would usually take place late at night and it was common for all the parties (both agents, buyers and sellers) to be up past midnight to get the deal done. Sometimes, there were six copies of the offer that needed to be signed and initialled by all parties. Since photocopying was not an option, any major changes that were made in the offer would result in completely rewriting the offer, which would take hours. The offer process was tedious and extremely time to consume for everyone involved.

     

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  • This entry was posted on Saturday, October 5th, 2013 and is filed under ALL Articles, Articles for Buyers. Tags: , , ,

Eric Skicki

Deciding When to Buy a Condo

Written by Eric Skicki Sunday, September 8th, 2013
  • when-to-buy

    “When should I buy a condo?” Should I buy in the fall, or wait until the spring when there are more properties? These questions are often asked by buyers searching for Mississauga condos.  Although different Realtors will give different answers, I believe the decision of when to buy really comes down to the individual.

     

    Condo Buyers

    First and foremost, you have to establish your needs, wants and desires when it comes to your dream condo. At the same time, you have to be aware of your budget and the carrying costs associated with owning a condo. Buyers should understand that during the spring and summer seasons there will be more selection of properties available for sale, than during the slow winter months. However, at the same time, this also signifies that there is a higher probability that you will be competing against other potential buyers for a condo of your choice. Do not be alarmed if at times the amount needed to secure your property will be over the asking price. You also need to know that the market is really unpredictable. There is no absolute way to know for certain how many available units there will be, how interest rates will be and how stable the market will be in the future. As a general guide, I encourage buyers to follow these eight points:

     

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  • This entry was posted on Sunday, September 8th, 2013 and is filed under ALL Articles, Articles for Buyers, First Time Home Buyer. Tags: ,

Eric Skicki

Landlords Satisfied With Mississauga Rental Condo Market

Written by Eric Skicki Friday, August 23rd, 2013
  • condo-for-lease

     

    “My Square One Condo” has an entire rental team dedicated exclusively to working with rentals in the Square One area.  We continuously aid tenants looking to secure properties, as well as landlords looking to lease out their properties. Over the last few months, I started monitoring rental properties closely and how they ended up getting leased out. I decided to publish a short blog based on these observations.

    5 cool facts about Square One condo rentals

    – The most common request from a tenant is for us to find them a “clean unit with an open concept layout”

    -Young people tend to go for newer stylish condos such as The Onyx or One Park Tower, while families prefer older spacious condos such as The Phoenix

    – About 75% of potential tenants ask if the hydro is included

     

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  • This entry was posted on Friday, August 23rd, 2013 and is filed under ALL Articles, Articles for Buyers, Investment. Tags: , , , , ,

Eric Skicki

Is There A Market For Studio Condos In The City Centre Area?

Written by Eric Skicki Friday, July 19th, 2013
  • NO DEADLINE DATE SUBMITTED

     

    This is something that I have wondered for a very long time, but not until recently have I decided to dig a little deeper, in order to find out. By my definition, a “bachelor pad” or “studio” is any condo which is less than 499 square feet and which does not have a dedicated bedroom. Interestingly enough, in Toronto there are many condos which are less than 499 square feet that have a separate bedroom, making them not count under my definition. However, here in Mississauga, we are still fortunate enough to have condos relatively decent in size as compared to other cities such as Tokyo and New York.

     

    The Data

    – Currently, Daniel’s is the only builder in the Mississauga area, who has recently built studio condos, and there are no pre-construction studio condos planned for the near future

    – Around Square One, studios can only be found in 2 condos: Limelight and Chicago

     

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  • This entry was posted on Friday, July 19th, 2013 and is filed under ALL Articles, Investment. Tags: , , , ,

Eric Skicki

Top 5 Pre-Construction Condos for 2013

Written by Eric Skicki Monday, July 8th, 2013
  • ???? Vol.18 ???????

    Over the last couple of weeks, I have been getting a lot of inquiries for pre-construction condos from my local as well as my abroad clients. As always, I stress to my clients that not all pre-construction sales are good potential investments. Currently, there are five projects in Mississauga and surrounding areas, that are worth a closer look.

    Mississauga Pre-Construction Projects

    mirage-condosMirage – Mirage has some of the most lavish layouts to date. It is located right across the street from Square One Mall, close to the movie theatre. Mirage will be complete in 2014 and is great for those that love the convenient location in the heart of Square One. It also offers some great amenities like a movie theatre, bowling alley, party room, billiards etc. Everything that the heart desires to entertain your guests right at your doorstep without having to leave your condo. Deal of the summer: one bedroom starting at only $270,000 and until July 31st, 2013 they offer $6000 off the purchase price.

     

     

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  • This entry was posted on Monday, July 8th, 2013 and is filed under ALL Articles, Pre-Construction Condos. Tags: , , , , ,

Eric Skicki

Elevator Strike Affecting Mississauga Condos

Written by Eric Skicki Friday, June 21st, 2013
  • elevator strike

     

    Elevators have become the norm and we often take them for granted. In a condo of more than 20 storeys, there are usually 3 to 4 elevators in service and we rely on this everyday to get around. We sometimes experience a delay, of up to 10min when one elevator is put into service. Yet, day to day we are pretty lucky that the wait is not that drastic and we go about our day, as usual, maybe slightly irritated that this morning wait was an unusual 10min.

    However, in Ontario, the International Union of Elevator Constructors (IUEC) have been on strike against the National Elevator Escalator Association (NEEA) since the end of April. The Digital Journal has reported that the average wage of an elevator mechanic is $112,000 in Ontario. This leaves many to question: “Why the strike?” They do not ask for higher wages but rather a safer work environment and a signed contract.

    This week some of those mechanics on strike have been ordered back to work in the Greater Toronto Area. However, those forced back to work are still not servicing job sites such as hospitals, nursing homes or residential buildings, but rather the residential construction industry. The NEEA passed a never-used clause in the Labour Act forcing those back on the job that works in the construction, especially residential construction industry.

     

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  • This entry was posted on Friday, June 21st, 2013 and is filed under ALL Articles, Articles for Buyers, Articles for Sellers. Tags: , , , ,

Eric Skicki

Downtown 21 Master Plan – The Future Of Mississauga Condo Living

Written by Eric Skicki Tuesday, May 28th, 2013
  • downtown21-mississauga

    Who would have ever thought, that Mississauga would eventually have one of the most active condo real estate markets in the country; with over forty existing condominiums and 15 proposed for the near future? Mississauga has grown substantially in population and, improvements to infrastructure and design are required to sustain this rapid growth.

    The solution offered by the city of Mississauga is called the “Downtown21 Master Plan”. The goal behind the Downtown21 Master Plan is to make downtown Mississauga, also known as the City Centre area, more pedestrian friendly. At the same time, this plan hopes to set out specific strategies for economic development, new transportation systems, and overall environmental improvement.

    In this blog post, I will cover some of the fundamental changes offered by the Downtown21 Master Plan, and its influence on the future of the Mississauga condo market.

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    The Plan In Detail

    Mississauga has always strived to have a well-balanced downtown core. The Downtown21 Master Plan will undergo some changes that are reflected in areas such as the employment, retail, commercial and civic sphere. This, in turn, will be balanced by residential development, entertainment, and facilities used by business visitors and tourists. Some of the changes which are to be implemented include:

     

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  • This entry was posted on Tuesday, May 28th, 2013 and is filed under ALL Articles, Articles for Buyers, First Time Home Buyer, Investment. Tags: , , ,

Eric Skicki

PSV Condos Release Penthouse Units

Written by Eric Skicki Sunday, May 19th, 2013
  • psv penthouses condos

     

    It’s been roughly 1 year since the very successful launch of the PSV tower 1, followed by PSV tower 2 condo launch in Mississauga. The massive 48 and 43 storey twin skyscrapers, located at the corner of Burnhamthorpe and Confederation, have become to be known as one of the “most successful selling pre-construction condos in 2012 in the entire GTA”. Both investors and home buyers, some who even purchased multiple units, see the great potential this project can offer.

    The builder, Amacon, who is in charge of developing the Park Side Village community, has now officially launched the penthouse units for PSV condos to VIP agents only. The units start as small as 545 square feet + balcony lower penthouse for $318,900+ and to almost 1,500 square feet +  2 balconies upper penthouse for $775,900+. My clients will also have access to special promotions including extended deposit structure, window coverings, central vacuum, hardwood in bedrooms + more. This project is scheduled for completion in late 2015.

     

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  • This entry was posted on Sunday, May 19th, 2013 and is filed under ALL Articles, Pre-Construction Condos. Tags: , ,

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