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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: ,

        Eric Skicki

        Investing in Mississauga Condos – 2012

        Written by Eric Skicki Tuesday, March 27th, 2012
        • investing-in-condos-mississauga

          With new condo sale records broken once again this year, Mississauga is once again in the spotlight of many who seek a good return on their real estate investment. According to a report by the Toronto Real Estate Board, Mississauga condos experienced a healthy 7.21% price increase from February 2011 to February 2012.

          This is more than double of the 3.31% price increase found in Toronto, between February 2011 and February 2012. Not surprisingly, condos in the Mississauga area are considered more affordable with the average price at $241,900 as compared to Toronto; where prices on average hovered around the $320,000 mark.

          In this blog post I hope to share some of my personal client experiences, and how investors; both local and distant are choosing Mississauga condos as their number one real estate investments in 2012.

           

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          • This entry was posted on Tuesday, March 27th, 2012 and is filed under ALL Articles, Articles for Buyers, Investment, Market Statistics. Tags: , , ,

          Eric Skicki

          Busy Day at the Pinnacle Construction Site

          Written by Eric Skicki Sunday, March 11th, 2012
          • Construction at Pinnacle

            Here is a birds-eye-view snapshot from yesterday of the Pinnacle Grand Park construction site, located at Burnhamthorpe and Grand Park road. This 24 story condo in downtown Mississauga is expected to be completed by 2014.

            The builder Pinnacle International will be launching a second condo project called Pinnacle Uptown at Hurontario and Eglinton.  This project will consist of several condos, the first one being named “Crystal”.  Pinnacle Uptown will be launching in a few weeks. If you are interested in either one of the pre-construction condominium projects or any other Square One condo please do contact me.

             

             

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            • This entry was posted on Sunday, March 11th, 2012 and is filed under ALL Articles, Articles for Buyers, Pre-Construction Condos. Tags: , , ,

            Eric Skicki

            PSV 2 Condo VIP Price Sales Event

            Written by Eric Skicki Monday, March 5th, 2012

            • UPDATE May 31st: VIP agent Prices and floor plans have been released for PSV 2 condos in downtown Mississauga. Please call us or email us to have them sent to your email. The sale will end only in a few weeks  at which point the prices will increase.

              Starting June 9th there will be a special VIP sales event for PSV condos (posh style vibe condos). There will be one bedroom, one plus den and two bedroom units released. The prices will fall between low to mid $400 per square foot. The price list is going to be released soon to selected Realtors. The PSV condos are a popular choice for both people planning to live in the units and for people buying the units for investment purposes. I do expect this project to sell out fast. If you are interested in securing a condo unit or seeing the PSV condo showroom in downtown Mississauga please contact me.

               

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              • This entry was posted on Monday, March 5th, 2012 and is filed under ALL Articles, Articles for Buyers, Pre-Construction Condos. Tags: , , ,

              Eric Skicki

              Marilyn Monroe Absolute Condos Penthouse Sale

              Written by Eric Skicki Tuesday, February 28th, 2012
              •  

                With Marilyn Monroe condos (50 and 60 absolute) near completion, the builder Fernbrook Homes is excited to release the final phase of this monument condo. This release will include three penthouse units which range from 1600 to 1785 square feet in size. The penthouses will have access to the “absolute club” with a large indoor and outdoor swimming pool, whirlpool bath, change rooms, 2 squash courts and more! Seeing as how the condo units are still not complete, the buyer still has the option to select certain color finishes and upgrades. Occupancy expected to be in July and August 2012.

                These units are still not for sale to the public for another 3-4 weeks, however for those interested, I can grant you instant VIP access to the pre-sales event.  The penthouse units can be seen in person, including the views they offer from the 50th floor.

                Each Penthouse includes 2 parking spots and maintenance fees are approx. 52 cents /Sq ft. The prices of the Marilyn Monroe Absolute Condos Penthouses range from 1.2 million to 1.4 million CND.

                 

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                • This entry was posted on Tuesday, February 28th, 2012 and is filed under ALL Articles, Articles for Buyers, Investment, Pre-Construction Condos. Tags: , , ,

                Eric Skicki

                Mississauga Condo Status Certificates

                Written by Eric Skicki Saturday, February 25th, 2012
                • What is a Status Certificate?

                  A condominium status certificate is a detailed report about the status of a Mississauga condominium. It outlines valuable information including but not limited to; the amount of money in the condo reserve fund, whether or not any major work needs to be done on the condominium, any claims or lawsuits made against the condominium, any special assessments made against the unit owners, the condo budget, insurance information, number of units leased and more.

                  Also included within the documentation is the exact cost of monthly condo maintenance fees as well as any outstanding payments.

                  The status certificate not only includes the above financial statements but also the condo declaration and condo bylaws. The declaration outlines all of the rules and regulations of the condo. For example, the pet provision which states whether or not pets are allowed in the building.

                   

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                  • This entry was posted on Saturday, February 25th, 2012 and is filed under ALL Articles, Articles for Buyers, Articles for Sellers. Tags: , , , ,

                  Eric Skicki

                  New 2012 PSV Parkside Village Condos by Amacon

                  Written by Eric Skicki Tuesday, February 21st, 2012
                  • UPDATE: Prices released for PSV 2 condos. JUNE 9TH 2012 – One Day sales event. Click here

                    With 2011 well behind us, it looks like we might have an early spring and early jump start to the Mississauga condo real estate market. The developer Amacon is close to releasing their new 4th phase condo of their 11 building project in downtown Mississauga. The 4th phase condo will be called PSV condo, which stands for Posh Style Vibe and should be released by the end of April or beginning of May of this year. As usual, we will have all the information on the PSV condo including prices and layouts. The condo will be located near Confederation and Burnhamthorpe, which is walking distance from Square One shopping center.

                    If you are considering buying this condominium and this is your first pre-construction condo purchase, then I encourage you to check out this page about pre-construction condos in Mississauga.

                    For VIP prices and agent registration for PSV condo, please contact me

                     

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                    • This entry was posted on Tuesday, February 21st, 2012 and is filed under ALL Articles, Articles for Buyers, Investment, Pre-Construction Condos. Tags: , , , ,

                    Eric Skicki

                    Floor Premiums for Mississauga Condos

                    Written by Eric Skicki Monday, February 20th, 2012
                    • One difficult choice that buyers are faced with when shopping around for a Square One condo is the decision as to which floor of a condo to purchase a unit on. Although, I do not promise that this article will give you a straight answer as to which floor to select, it will make your purchase decision more clear as you will become more aware of the pro’s and con’s of high and low floors.

                      Low Floors in Condos

                      Let’s start off with the lower floors. Those who choose to live on low floors mainly do it for the safety and convenience. Typical responses vary from “I’m afraid of high floors” to “what if my kids were to fall off the balcony”.  Lower floors are also better accessible for elderly people or people

                      in wheelchairs.  Unlike with high floor condo units, the option to use the stairs or elevator is always there, which is also a plus. The other day, I had a customer joke that if a condo fire occurred, the fire truck’s ladder would only reach the seventh floor, so he advised me that he wouldn’t want to live higher than the seventh floor.

                      On the other hand, other people see low floors, particularly first level units, as invitations to burglars. They assume that the first level condos provide easy access for those looking to break into units.

                       

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                      • This entry was posted on Monday, February 20th, 2012 and is filed under ALL Articles, Condo Features. Tags: , , ,

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