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Eric Skicki

Problem: Weak Cell Phone Signals In Condos

Written by Eric Skicki Wednesday, July 4th, 2012
  • angry at cell phoneOne of the most common overlooked negatives of living in a condo is the possibility of having a weak cell phone reception signal. The reason that I call it a “negative” is because unlike houses condos are known to have thick concrete walls which can at times prevent your cellular phone from operating properly inside. This can include users experiencing dropped calls, poor signal reception or dead zones. If cell phone reception is a priority to you, I would strongly suggest taking your cell phone with you when viewing condos for sale. By doing so you can make sure that the condo you are planning to purchase can provide adequate cell phone coverage.

    I was experiencing cell phone connection issues in my own Square One condo (Skymark West) so, I decided to dig a little deeper, and try to locate the source of the problem and find a reasonable solution. What I found out is as follows: cell phone reception is dependent upon the distance and projectile signal path to the nearest cell towers, carrier and plan, carrier load, weather conditions and finally the phone model itself.

     

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    • This entry was posted on Wednesday, July 4th, 2012 and is filed under ALL Articles, Condo Features. Tags: , , , ,

    Eric Skicki

    New Mortgage Rules Affecting Mississauga Condos

    Written by Eric Skicki Friday, June 22nd, 2012
    • mortgage-mississauga-condos

      It seems like the discussion over rising interest rates and tightening lending practices is once again in the spotlight of the media. This time, the government has decided to keep interest rates the same but instead, they changed the maximum amortization period for a mortgage with less than 20% down payment. The amortization period often referred to as the “payback period” has been reduced from 30 years to 25 years. This change was brought in, with an effort to combat high consumer debt. The philosophy behind this change is that by reducing the maximum allowed payback time, the homeowner will be required to pay higher monthly payments and in turn build equity in their homes faster. Under the previous 30yearsr maximum amortization period, monthly mortgage payments were more spread out, thus the borrower ended up paying less principle off each month, and eventually paid a greater sum of money by the time the term was over. According to CBC news, this change in minimal amortization periods may result in a homeowner paying around $170 per month extra. The new changes will take effect on July 9th, 2012.

       

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      • This entry was posted on Friday, June 22nd, 2012 and is filed under ALL Articles, Market Statistics.

      Eric Skicki

      FSBOs, Private Listings and Mississauga Condos

      Written by Eric Skicki Monday, June 11th, 2012
      • featuredinPrivate sale mississauga condo

        Are you planning on selling your Mississauga condo yourself within the next 3 months? Do you have a condo listed privately and you are not getting the results you anticipated? Are you a potential condo buyer looking into private condos, because you are hoping to save some money? If so, this article is for you!

        Selling Your Condo Privately

        I have a lot of respect and admiration for those that are taking on the complex task of selling their home by themselves. These sellers, often referred to as FSBO’s (For sale by owner), choose not to work with a listing agent for perhaps several reasons, but mainly because they want to escape paying high commission fees. Traditionally speaking, most sellers who work with a Realtor in Mississauga can expect to pay anywhere from 1% to 3% to the listing agent and 2.5% to the buyer’s agent (known as the co-operating brokerage). This percentage is common practice rather than a fixed number.

         

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        • This entry was posted on Monday, June 11th, 2012 and is filed under ALL Articles, Articles for Buyers, Articles for Sellers. Tags: , , , ,

        Eric Skicki

        PSV 2 Condo VIP Agent Sale

        Written by Eric Skicki Friday, June 1st, 2012
        • psv2 condo for sale

          UPDATE JUNE 19TH: Once again tower 2 is a great success! Our brokerage has sold several dozen units just the first day of the release. The limited quantity of PSV2 condo units is left. Please call me ASAP to reserve your unit before prices go up!

          For those that do not know, Park Side Village is one of Mississauga’s hottest pre-construction projects. A few months ago PSV (Posh Style Vibe) tower 1 was launched and within 3 weeks the entire condominium was over 75% sold out. Two bedroom units were the first to go, followed by anything on a high floor premium. PSV tower one had 48 stories and over 500 units. Both investors and local residents were intrigued by the beautiful layouts, the fantastic location, and the reasonable prices.

          The Success Behind PSV 2

          Parkside Village by Amacon is planning to build over 15 condos/townhome condos in about 4 city blocks in downtown Mississauga. The original plan was to preserve the Burnhamthorpe and Confederation street corner for its final tower, but due to the number of people requesting a condo in that location, PSV was the 4th and 5th tower to be released and it was placed at that very intersection.  Condo owners in both PSV 1 and PSV 2 will have some great unobstructed east, west, and south views.

           

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          • This entry was posted on Friday, June 1st, 2012 and is filed under ALL Articles, Pre-Construction Condos. Tags: , ,

          Eric Skicki

          Toronto Condos vs. Mississauga Condos

          Written by Eric Skicki Tuesday, May 29th, 2012
          Eric Skicki

          3 Tips For Mississauga Condo First Time Home Buyers

          Written by Eric Skicki Thursday, May 24th, 2012
          • Buyer Tips For Mississauga Condos

            Shopping around for a condo can be an exciting time, especially for first time home buyers. Mixed emotions are present and sometimes significant decisions are made on the spot. During this time, there are numerous things to keep in mind, yet it is easy to get sidetracked and forget what is most important.

            In this blog post, I want to cover the three biggest mistakes I see first time home buyers make, when purchasing a Square One condo. I will outline each mistake, identify the common false belief which is then followed by the true fact.

            1. Shopping For A Condo Using Only MLS – MLS (Multiple Listing Service) also known as www.realtor.ca is a great starting point for anyone interested in a Mississauga condo. In fact, over 92% of all properties that sell are listed on MLS. However, before any condo is placed on the MLS system and is accessible to the public, it is first placed on www.torontomls.net– a database only accessible to Realtors. Through this internal system, a good portion of real estate properties are sold before the public has a chance to place any offers on them.

             

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            • This entry was posted on Thursday, May 24th, 2012 and is filed under ALL Articles, Articles for Buyers, First Time Home Buyer. Tags: ,

            Eric Skicki

            Is Mississauga Expanding Too Fast For Its Own Good?

            Written by Eric Skicki Sunday, May 6th, 2012
            • Mississauga future real estate

               

              Mississauga is recognized as Canada’s 6th biggest and fastest growing major city. A key contributor to this exponential growth, are the downtown core condominiums. However, with so many condos being constructed around Square One, valid questions are being raised. Can the infrastructure in downtown Mississauga support this new population? Is there going to be an oversupply of condos? How will the real estate market respond to such changes?

              All these questions spark interesting debates and everyone seems to have an opinion. If you were to ask five different realtors what they think about the future of Mississauga’s condo market, I guarantee everyone would have a different response.

              I think the future of downtown Mississauga depends on 5 key factors:

               

              1. Public Transportation – A lot of residents who live in downtown Mississauga need to commute to work by public transit. Mississauga has already taken measures to improve its own transit system by introducing the MiWay, as well as adapting a new system, known as the LRT system, which envisions connecting Toronto, Mississauga and Brampton. The success and integration of these two transportation systems will be a key contributor to how the downtown real estate market will respond.

               

               

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              • This entry was posted on Sunday, May 6th, 2012 and is filed under ALL Articles, Investment. Tags: , , , , , , , ,

              Eric Skicki

              Buying Resale VS Pre-Construction Condos in Mississauga

              Written by Eric Skicki Sunday, April 29th, 2012
              • pre-construction condos vs resale condos

                 

                Over the past few weeks, I had several clients inquire about investing in Square One condos. One question that seems to arise is whether pre-construction condos or resale condos are the better buys. Clients, regardless if buying for principle residence or investment purposes, want to make sure that their real estate purchases appreciate accordingly with the market, and that when they wish to cash out on their condos they have the option to do so.

                I hope to give some insight into buying both new and resale condos in Mississauga. I want to cover new and resale condos from both a primary residence and investment perspective.

                 

                Pre-construction Condos

                Prices of pre-construction condos in downtown Mississauga are currently between $420-470 a square foot. To put into perspective, a one bedroom plus den condo that is 650 square foot goes for roughly $270k-$310k. These prices may seem high to some people, but keep in mind that places like Toronto are currently selling between $600-800 a square foot for pre-construction condos. Although Toronto and Mississauga differ in many ways, this does suggest that the prices of Mississauga condos still have room to grow.

                 

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                • This entry was posted on Sunday, April 29th, 2012 and is filed under ALL Articles, Articles for Buyers, Investment. Tags: , , , ,

                Eric Skicki

                9 Real Estate Mistakes for Mississauga Condos

                Written by Eric Skicki Sunday, April 15th, 2012

                • Here are some common mistakes both buyers and sellers make, when purchasing and selling condos around Square One.

                  1. Buying a Condo Based On Its Interior/Décor – When you are purchasing a Mississauga condo, you are not buying what is inside the unit but the unit itself. You need to look past the furniture, wall colours and décor and focus on square footage, as well as measuring the unit to make sure that your possessions fit how you envision your unit to look like at the end.

                  2. Waiting Until Spring To Sell Your Condo – Sure, spring is a very busy season in real estate, however, your condo will sell for its value the rest of the 365 days. It is simply a myth that it will sell quicker in the springtime. People purchase all year round. Just ask yourself – Do people move to Mississauga in the winter? Of course.

                   

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                  • This entry was posted on Sunday, April 15th, 2012 and is filed under ALL Articles, Articles for Buyers, Articles for Sellers, First Time Home Buyer. Tags: , ,

                  Eric Skicki

                  Pinnacle Uptown Condos – VIP Sale

                  Written by Eric Skicki Thursday, March 29th, 2012
                  • crystal condos Mississauga

                    UPDATE April 9th, 2012 – There are some limited VIP units left for sale. Please contact me before prices go up.

                    —-

                    The much anticipated Pinnacle Uptown Condo is launching its VIP Agent Sale Wednesday, April 4th at noon sharp! This sale is closed to the public unless you are on the VIP agent list. To join this list for free please contact me.

                    The first phase of this condo project will be called Crystal condos and will include two buildings; one 24 and the other 28 stories tall. The Pinnacle Uptown condos are great for anyone looking for an upscale downtown Mississauga condo lifestyle, yet at the same time being close to two major freeways which lead in and out of the city. Hurontario and Eglinton is a well-established area in the heart of Mississauga, thus those looking to buy the Crystal condo as an investment are sure to get a good return on their money.

                     

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                    • This entry was posted on Thursday, March 29th, 2012 and is filed under ALL Articles, Investment, Pre-Construction Condos. Tags: ,

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