Posts Tagged ‘Land Transfer Tax’

The much anticipated deadline for the fate of 1Bloor has come and gone with very little official news being released.  I along with many others were hoping for a some sort of a release from Bazis as to whether or not they’d continue with the project.  Unofficially what I’ve heard is the project is a go, but very few other details are known.  There’s also a story about the tower being reduced in size, yet no one knows exactly by how much. 

It was also brought to my attention that the lastest time frame, required Bazis to notify buyers only if the project was’nt a go. As of Friday July 17th, I haven’t heard from anyone who has received such notice.  And so we wait, just as we have for the past 31 days…with still not enough answers and even more questions. 

I’ve been updating this story as it evolves.  Check out my latest updates by clicking here!!
As soon as anymore info is known, I’ll be posting it online so check back often.

Whether you’ve bought into 1Bloor or not, it seems like everyone wants to know if it will ever get built. It’s been the hot topic of discussion amongst those in the condo community for almost a year now! Whenever I’m asked (at least 3 times a week) my answer is always the same “We’ll have to wait on Bazis to publicly announce their plans” and that day my friends is coming VERRRY soon! Reason being, Bazis is about to reach a crucial due date. One in which they’ll have 3 choices: Build, Not build or Ask for another extension from buyers (the last scenario also gives purchasers the option of backing out). The internet chat boards have been flowing with rumours (and a few facts) about the fate of the project. It’s appropriate to state from the start the purpose of this post is to share the stories I’ve heard and that I in no way know what the actual outcome will be… the only person who does know is Michael Gold, the developer. Ladies and gentlemen I present to you the story of 1Bloor…

Thanks to everyone who has asked me about 1Bloor.  I’ve posted an update which can be read here.It was fall of 07 and the corner of Yonge and Bloor was covered for days with realtors lined up at Toronto’s newest gem known simply as 1Bloor. It was to be built by Kazakhstan developer Bazis and designed by Roy Varacalli (the same people behind Crystal Blubeing built around the corner). The 81 story building was slated to be the new anchor for the popular Yonge and Bloor corner. For months prices were advertised to start at $300,000, garnering the interest of many and attracting them to live at the centre of the city. I remember telling clients how amazing these prices were for a project of this stature. Some believed, but most shrugged it off as just another condo. Sure enough on the day of the brokers VIP, a man in a ‘cherry picker’ went in front of an anxious crowd and plastered a new price over the existing. The new sign now read “starting at $500,000″!! (Side note: after all the media coverage at the event, the phone was ringing off the hook with buyers trying to get in…Even with the increase)

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Unlike some other bloggers out there…I’ve got to give credit when credit is due!  This is my remake of an old ad used by a few Realtors in the 90′s.  10 years later, the medium is different but the message is the same! 

If you’d like to get serious about buying or selling in the city, give me a call…i’d love to help!

Real Estate agents and their pets!!
I haven’t the slightest idea why so many of us advertise our services with “Fluffy” in the background. Never the less it’s a common thing and also today’s subject for “Make You Laugh Mondays”

If you’d like to get serious about buying or selling in the city, give me a call…i’d love to help! Oh and Lola (my dog) isn’t very helpful with selling homes, she handles more of the paperwork ;)

Happy Monday blog readers!! Here’s my 3rd installment of “Make You Laugh Mondays”.  For those of you that are new to the blog, it’s important to note that THESE ADS ARE NOT TO BE TAKEN SERIOUSLY.  Every Monday I like to post “mock real estate ads”  to start the week off on a good note.

If you’d like to get serious about buying or selling in the city, give me a call…i’d love to help!

Last week’s response to my “Make You Laugh Mondays” was so good that I’m continuing it again with a simple piece I like to call…well you’ll figure it out!  What will next week have in store? Tune in and find out.

If you’d like to get serious about buying or selling in the city, give me a call…i’d love to help!

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Monday’s are hard for everyone, myself included.  My thinking is, the last thing blog readers want to see are stats and facts,  so to start the week off right I’ll be posting “real estate ad parodies” every Monday…or for as long as a can come up with them. 

If you’d like to get serious about buying or selling in the city, give me a call…i’d love to help!