Aura at College Park: With College Park one of the most sought out after condo developments in the city as well as the most congested area, there are quite a few Bixi stations in close proximity. Our favourites are located at Yonge and Edward, Bay and Hayter, Bay and College as well as Yonge and Granby.
This new program should be taken advantage of in the College Park location due to the high traffic volume. With three stations in close proximity, Bixi users will have no problem finding a bike.
For more information, click on Aura Condos.
Showing posts with label aura colour selection. Show all posts
Showing posts with label aura colour selection. Show all posts
Tuesday, August 16, 2011
Wednesday, August 10, 2011
Thursday, August 4, 2011
Aura College Park Construction Update: August 4, 2011
Another visit to the Aura condo construction site did not disappoint. It is hard to believe that in a short time this 75 storey building will ultimately alter the Toronto skyline. With colour selection for the lower floors well underway, the construction team is working steadily to meet the anticipated occupancy date.
In regards to current availability at Aura condos, if you are looking for a stunning larger unit, don't look any further. The smallest unit is a penthouse unit on the 72nd floor with unobstructed north and west views. Priced at $2,247,600 the owner of this unit will be encompassed with over 2300s/f of luxury. There are also some larger units that are just over 5000s/f located on the 74th floor priced between $6,800,000 and $7,500,000. Enjoy the below photos outlining the Aura condo construction update.
Click on Aura Condos for more information!
In regards to current availability at Aura condos, if you are looking for a stunning larger unit, don't look any further. The smallest unit is a penthouse unit on the 72nd floor with unobstructed north and west views. Priced at $2,247,600 the owner of this unit will be encompassed with over 2300s/f of luxury. There are also some larger units that are just over 5000s/f located on the 74th floor priced between $6,800,000 and $7,500,000. Enjoy the below photos outlining the Aura condo construction update.
Click on Aura Condos for more information!
Top Penthouse at Aura
The top penthouse at Aura College Park is still available. The unit is priced at 17.5 million and over
11 000s/f. Click on Aura Condos to view our video for more information.
11 000s/f. Click on Aura Condos to view our video for more information.
Monday, August 1, 2011
Tarion Warranty: Aura Condos
When buying a new construction condo in Ontario, the Tarion Warranty Corporation provides protection to buyers under the New Home Warranty Program. Membership of this program is mandatory for new construction builders by offering protection to buyers of new construction projects, such as Aura Condos at College Park. Such protection includes: deposits, defects in the workmanship and materials and protection issues involving delayed closings and occupancies.
The program covers buyers for a number of items however the most important especially in this market is a deposit guarantee. With news about new construction condo projects not moving forward, it is a reassuring to know that the buyer is covered for up to $20,000 (plus interest) depending on the deposit amount given to the builder. This would come into play if the builder is unable to complete the transaction for whatever reason.
An important issue covered by The New Home Warranty Program is an inspection. Before the possession date of a new construction condo, the buyer is escorted through the unit with the inspector to point out any defects that need to be addressed by the builder. New construction condo buyers are covered for material and workmanship defects in their new condo for one year starting the date of possession. There is a 2 year and a 7 year warranty as well, which covers major defects in the unit. Inspection appointments for Aura Condos will be closer to occupancy. Occupany is anticipated for the end of next year, 2012 for the lower floors. With colour selection well underway for the lower floors, occupancy is fast approaching.
Another issue that is very important in today’s real estate market relates to delayed occupancy dates. The condo builder is legally permitted to delay a new construction project as long as they provide the buyer with proper written notice. However, if the buyer is not notified as required, the buyer is entitled to seek compensation. One thing to note is that compensation will not be paid if the delay was caused by the buyer themselves or if the delay was not under control of the builder (strikes, floods etc). Please note that if the developer finishes a new construction project early, the buyer is not required to accept it.
Buyer beware! This New Home Warranty Program applies more often to new homes and condos therefore make careful note to watch out for are properties which appear new but actually are just extensively renovated or are actually built on old foundation. The Tarion Warranty does not apply to homes which have been renovated or have been built on existing foundation. If you are unsure about whether the property is covered under Tarion Warranty, ask your Realtor. Obviiously, this will not be a concern for Aura purchasers.
Buying new construction can be a great investment and an exciting process. Make sure when buying what appears to be a new construction property, that the Tarion Warranty is indeed applicable as it was in the Aura Condos agreement.
Click on Aura Condos for more information!
The program covers buyers for a number of items however the most important especially in this market is a deposit guarantee. With news about new construction condo projects not moving forward, it is a reassuring to know that the buyer is covered for up to $20,000 (plus interest) depending on the deposit amount given to the builder. This would come into play if the builder is unable to complete the transaction for whatever reason.
An important issue covered by The New Home Warranty Program is an inspection. Before the possession date of a new construction condo, the buyer is escorted through the unit with the inspector to point out any defects that need to be addressed by the builder. New construction condo buyers are covered for material and workmanship defects in their new condo for one year starting the date of possession. There is a 2 year and a 7 year warranty as well, which covers major defects in the unit. Inspection appointments for Aura Condos will be closer to occupancy. Occupany is anticipated for the end of next year, 2012 for the lower floors. With colour selection well underway for the lower floors, occupancy is fast approaching.
Another issue that is very important in today’s real estate market relates to delayed occupancy dates. The condo builder is legally permitted to delay a new construction project as long as they provide the buyer with proper written notice. However, if the buyer is not notified as required, the buyer is entitled to seek compensation. One thing to note is that compensation will not be paid if the delay was caused by the buyer themselves or if the delay was not under control of the builder (strikes, floods etc). Please note that if the developer finishes a new construction project early, the buyer is not required to accept it.
Buyer beware! This New Home Warranty Program applies more often to new homes and condos therefore make careful note to watch out for are properties which appear new but actually are just extensively renovated or are actually built on old foundation. The Tarion Warranty does not apply to homes which have been renovated or have been built on existing foundation. If you are unsure about whether the property is covered under Tarion Warranty, ask your Realtor. Obviiously, this will not be a concern for Aura purchasers.
Buying new construction can be a great investment and an exciting process. Make sure when buying what appears to be a new construction property, that the Tarion Warranty is indeed applicable as it was in the Aura Condos agreement.
Click on Aura Condos for more information!
Saturday, June 4, 2011
Aura College Park Construction Update: June 3, 2011
The Aura Condo is coming along so quickly! Another visit to College Park today showed even more progress after our visit last week. For more information on Aura, click on Aura Condos.
Friday, May 6, 2011
Aura College Park Construction Update: May 5th, 2011
With color selection well underway for the lower floors of Aura at College Park (5-55), construction is also well underway! A visit today at the site showed the construction team busy at work on all sides of the building. The underground retail shops on the P1 level are now shells and are not visible to the eye from Yonge Street. There is still a few shops left to purchase. The construction progress is now about 4 storeys up from the ground with concrete being poured on the lower storeys. Occupancy for the lower floors should be early next year. For more information on your Aura Condo or College Park Condos, click on Aura Condos for more information.
Saturday, April 30, 2011
Aura at College Park Update
With colour selection finalized for the retail shops at Aura College Park, it looks like colour selection for the residential portion of the building should be getting underway. Colour selection is always an exciting time for purchasers as it demonstrates that their condo unit is getting closer to being finished. Typically builders have a variety of different materials for purchasers to choose from in regards to their flooring, cabinetry, counter tops and bathroom tiling. Some builders also offer purchasers upgrades at the time of colour selection.
For those of you still thinking about an Aura Condo, click on College Park Condos for more information.
For those of you still thinking about an Aura Condo, click on College Park Condos for more information.
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