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Saturday , 25 March 2017

Monthly Archives: April 2012

Tridel named Green Builder of the Year for fifth time in six years

The Tridel team on stage at the BILD Awards after winning Green Builder of the Year, High Rise. Centre, in light brown suit, is Jamie James, head of TowerLabs and Tridel’s sustainability advisor. James has been recognized for his work in furthering the adoption of LEED standard in Toronto buildings.  Tridel’s reputation as Toronto’s greenest builder continues to grow. For the fifth time in the last six years, Tridel has won the prestigious BILD Award for Green Builder of the Year, High Rise. The 32nd annual BILD Awards were handed out at a gala event last Friday night. Nearly a thousand of the GTA’s biggest builders, designers, and sales and marketing professionals gathered ... Read More »

Stunning architecture, intelligent mirrors: Hong Kong firm changing the way we see ourselves

ISM Parinee Ohn Tower, a residential building proposed for Mumbai, India by Hong Kong’s Cybertecture. Architecture as a “symbiotic relationship between the urban fabric and technology.” Why not in Toronto? So much of the world’s most stunning and innovative architecture these days is being built in Asia and the Middle East. Here’s another example, and this one might be the most incredible of all. It’s called the ISM Parinee Ohm Tower and is proposed for a Mumbai client of the Hong Kong firm James Law Cybertecture. The proposed building is a residential tower, 140 metres tall, designed to resemble the Greek letter Omega (Ω), which is the international symbol for ... Read More »

Torontonians love their condos, and don’t mind paying their fees either

Part of the fitness centre at Tridel’s Rêve. Condo fees go to maintaining amenities like these. When buying new construction, condo buyers should be sure to buy from reputable builders with established track records. It seems that Toronto condo owners are more willing to pay up when it comes to maintenance fees than other Canadians are. TD Canada Trust’s 2012 Condo Poll found that Torontonians are willing to pay the highest fees in the country, with 16 per cent of us prepared to pay more than $600 a month, even up to $800. Compared to Toronto, Montreal condo residents are tightwads: most of them (59 per cent) wouldn’t pay more ... Read More »

House prices on moderating trend, strongest growth in Toronto: CREA

Model suite at Tridel’s James Cooper Mansion. Only one suite remains at this popular downtown condo (Bloor and Sherbourne). The Canadian Real Estate Association (CREA) says that home prices in Canada were up 5.1 per cent in March, year over year, as measured by its Aggregate Composite MLS Home Price Index (HPI). This was the smallest year-over-year increase since last June. The HPI was above its year-ago levels in all five of the markets tracked—Vancouver, Fraser Valley, Calgary, Toronto, Montreal—and in all housing categories. Toronto had the highest increase over last year at 7.3 per cent. The highest gains by housing category were for the one- and two-storey single-family home, ... Read More »

3 Benefits of commercial mortgage

A commercial mortgage like any other mortgage is a loan that is taken out, to buy property, using the property as collateral to secure repayment. There is only one difference between commercial mortgage and residential mortgage. That is, in case of commercial mortgage the collateral is a commercial building or a real estate business and not a residential property. You must also remember that commercial mortgages are taken by businesses and not individual borrowers.   The manager of the System Open Market Account (SOMA) in his report on developments in foreign and domestic financial markets 2010, states that the prices of  commercial real estate seems to have risen in the second quarter . The delinquency rates for ... Read More »

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