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Real Estate

5 reasons to buy Mexican Real Estate

Mexico is a popular destination for a second home or vacation property. People around the world including Canada are actively buying real estate in Mexico.

Here are 5 things that make investing in real estate in Mexico attractive:

  1. Mexican property prices are favourable in comparison with other destinations. The long-term investment prospects remain attractive with many people due to the good value
  2. Mexicos culture and services have responded to Canadian visitors. Spanish is still the primary language in Mexico but more people speak English, allowing Canadians to have a more comfortable experience. Cell phone service, Internet and Wi-Fi are also increasingly common in the more popular locations.
  3. Baby Boomers are now in their 50s and are looking for vacation homes and retirement properties that provide value. They have turned to Mexican real estate in increasing numbers. Mexican businesses have responded with increased services to support the growing market.
  4. Mexicos warmer climate is attractive to Canadians. After decades of vacationing in Mexico, purchasing property is the natural next step.
  5. There is growing inventory of condos and villas, plus a wide selection of resorts and developments with extensive amenities. This provides a steady supply of inventory for investors.

Real estate in Mexico provides an attractive opportunity for both investment and enjoyment for now and the future.

Click here to sign up for our free seminar

New Stay & Play Trips to Puerto Escondido filling up fast

Explore a truly authentic Mexican paradise and an incredible real estate investment opportunity. Join us on a Stay & Play trip, it's a perfect way to experience Puerto Escondido and the Vivo Resorts lifestyle, so you can see everything before deciding about a property purchase.

Trip cost is $399 per couple which includes 4 nights accommodations in a private suite, gourmet meals prepared by our chef, tours, activities and airport transfers. During the trip we stay at the first Vivo Resorts property, Casa Rubia (you can view the private resort at www.CasaRubia.com).

Trips are being offered on:

  • Dec 14 - 18 (2 spots remaining)
  • Jan 18 - 22 (Sold Out)
  • Jan 25 - 29 (4 spots remaining)
  • Feb 8 - 12
  • Feb 15 - 19
  • Mar 15 - 19

Don't delay, these trips will all sell out.

Contact your Vivo sales rep for more details or to reserve.

Call Today! (647) 403-1832

Register for a Webinar to learn more


September Toronto Condo Market Numbers

After a so so second quarter and slow start to the third quarter, the Toronto condo market had a great September, re-igniting optimism:

Project Developer District #Units Sold $/PSF
DNA3 Canderel Downtown 3 536 426 506
Limelight Daniels Mississauga 236 115 460
Eden Pk Times Grp Thornhill 209 90 401
1 Sherway Menkes Etobicoke 268 86 401
Berwick B & A Yonge/ Eg 191 78 568

In July there were 1,658 sales (up 86% year over year)

Year to Date 2010 - 13,500 sales (up 56.6% from last year)

Unsold Inventory - 16,740 units (down 18.3% last year).

Observations

  • Despite the strong September, second and third quarter has been markedly slower
  • October sales have been strong and it looks like Q4 will be one of the top quarters in recent memory
  • Index pricing is up an alarming 14.1% this year, mainly concentrated in the downtown core
  • Investors playing a key role in the top selling projects

Conclusions

CondoShow.com expects to see condo prices to fall and incentives to go up

$500 million invested in area infrastructure, $20 million in the 5-star Tahima resort. All yours for just $130,000.

The Taheima Wellness Resort and Spa, located just north of Puerto Vallarta on miles of pristine beaches in Mexico, is unique in all of Latin America.

Nueva Vallarta is booming. And the star of the show is the first health and wellness resort in all Latun America.Tahima.

With beautifully landscaped local flora, a superb golf course and private beach, Taheima offers an unrivalled selection of amenities, from a choice of three swimming pools to the services of professionalkinesiologistsand your very own nutritionist and wellness advisors. Live well, live healthy . Get the most out of your golden years. Only at Tahima.

Taheima is truly a first-class residence in a world class resort. And for a limited time it is all yours for as little as $130,000.

Extending the entire length of the 5th fairway of El Tigre Golf Course, Tahimas 900-meter-long site hosts nine hacienda- style clusters, with interior garden patios and a lushlandscaped oasis.

  • All condominiums enjoy fairway/ mountain or lagoon/oasis views.
  • Each home has access to elevators, parking and lockers.
  • Warm and welcoming hospitality area consists of a Reception/lobby area with bar, library and media room
  • Gourmet spa cuisine restaurants, fitness and wellness centers,
  • Business spa, and convention centers and a
  • Unique bar overlooking a refreshing mirror pool
  • All surrounded by the beauty of the areas diverse flora, including the lagoons and freshwater pools
  • Healthy meals and your choice of three select restaurants.
  • Ground floor units have their own infinity pool, covered terraceand garden.
  • Second floor units have their own covered terrace.
  • Two-story penthouses have their own covered terrace and topterrace with bar and Jacuzzi.
  • See beautiful Nueva Vallarta beaches:

For more information contact Condooutlet.com directly by calling our Toronto offices at 647-4031832 or join our seminar:

Date:Wednesday December 8th, 2010

Time:6:30 pm

Place:2487 Bloor Street West

.

Click here to sign up for our free seminar

Tah����ima Luxury Condo-Hotel. The first of its kind.

Located in booming Nueve Vallarta just north of Puerto Vallarta, the beautiful new Tahima Luxury Condo-Hotel Wellness Resort & Spa is the first of its kind in all Latin America. Prices start as low as $130,000.

Tahima is also the first full ownership luxury condo-hotel in Mexico to be registered under Canadian Securities regulations and offers a unique investment and lifestyle opportunity for Baby Boomers. Thimas value proposition includes:

  • An exclusive membership in a five-star condo-hotel
  • Security: Escrowed Deposit
  • Transparency: B.C. Real Estate Securities Act Disclosure Statement
  • Diversifies your real estate assets safely outside of Canada
  • Enhances your financial portfolio through a solid income stream
  • You become a full Tahima owner with your own deeded residence.
  • Enjoy a rental income stream or keep your residence private - the choice is always yours

Even more investment security is guaranteed by the fact that Tahima is a joint venture between a highly regarded Mexican hotel builder and one of Canadas most successful developers, Dynamis Group, which has built many seniors full-service hospitality projects, totaling over 1,000 units. The Company is also world famous for its management and development of over $1 billion worth of large scale turn-key worldwide construction projects.

With these experienced developers, there can be no doubt that the Tahima Hotel-Condo Wellness Resort is a true one of a kind resort:

  • Located just 10 minutes from the Puerto Vallarta International Airport
  • Includes membership in the The El Tigre Golf and Country Club, a C.P.G.A-rated Championship golf course,
  • A gated community which boasts a private beach club, the largest Sports & Racket club of the Bay of Banderas, as well as a roof-top spa,
  • A Wellness Institute which focuses on
  • Three five-star restaurants, a gym/yoga/dance studio, and a 500-seat concert and conference hall
  • Private beautiful sandy beach
  • Almost one kilometer of swimming pools.
  • The fully-equipped 18,000 sq. ft. wellness center features an indoor pool, clubhouse facilities and more than 30 individual treatments including preventive medicinal care
    • Stress Test - Blood Analysis
    • Fat/Body Mass - Nutrition
    • Kinesiotherapist - Personal Exercise Program
    • Integrative Medicine Program

Want more information about this fabulous resort project? Either call condoutlet.com at (647) 403-1832, or drop by our offices at 2487 Bloor Street West in Toronto.

Click here to sign up for our free seminar

Ariston Realty Welcomes Tridel to the Neighborhood

Danny Caranci welcomes Tridel to Bloor West.

If you think Toronto's Condos are expensive, consider:

The Most Expensive Condos in the World

The Hotel-Condo Four Seasons Penthouse at Bay and Bloor in Toronto, with a 2,500 square foot master bedroom and an additional 6,500 sf living space, including an 800 sf wine cellar, just sold for $30 million to make it Canadas most expensive Condo. Co-designer, Brian Glukstein, says: Before, Torontonians with money did not value communal living. Now people with alluence want this type of lifestyle."

The story is similar worldwide where Canada's most expensive condos pale when compared to prices in many international markets.

New York:

Sun Microsystem founder Bill Joy put his luxury Manhattan condo on the market, without ever having moved in. Should his $40 million asking price be achieved, it will mean a profit of $20 million. Although it is unlikley to sell at that price.

The top-priced apartment in New York isn't a condo but a co-op, the historic $70 million triplex penthouse owned by financier Martin Zweig. Then again, co-ops can be more expensive because they are exclusive.

New York has seen several new, uber-luxury buildings rise in recent years. That includes the new Time Warner Center, where in 2003 financier David Martinez paid a record-setting $42.25 million for a full-floor condo.

Hong Kong:

A new 3,205 sf Hong Kong apartment sold for a record US$14.1 million recently as the citys booming market for luxury homes continues to strengthen. Thats about HK$34,000 psf or C$4,480 psf.

Singapore:

A 30-YEAR-OLD condominium at Orchard Boulevard has smashed the record for Singapores most expensive collective sale. Westwood Apartments was sold recently for $435 million to Malaysian conglomerate YTL Corp. That is an eye-popping $2,525 per sq ft per plot ratio (psf ppr), including a $4.6 million development charge.

London, England:

Four flats overlooking Hyde Park are on sale for a rumored 84 million each (C$136,000,000) the highest price ever asked for a British flat. The flats are part of a development at One Hyde Park.

Sources said today that the four penthouse flats could feature bullet proof windows, specially purified air and even "panic rooms". The security system is believed to have been developed after consultation with the SAS. A tunnel will link the flats to the Mandarin Oriental hotel, which will provide a concierge service for the development, which contains 86 flats with prices starting at 4 million.

The complex will also have a spa, squash court and private wine-tasting facility. According to the One Hyde Park website, the scheme is "a new residential scheme whose beauty, luxury and prestige will place it in a class of its own".

Monaco:

Barely a month after reporting that a London penthouse had sold for $220 million, making it the world's most expensive private residence, the record has been shattered with the $308 million sale of a palatial penthouse in Monaco.

The Monaco property, called La Belle Epoque, has quite a history; formerly the home of billionaire banker Edmund Safra, it's where he was found dead following a mysterious fire that gutted the apartment in 1999. The three-bedroom, 17,500-sq-.ft. duplex penthouse, which includes a double-height library and vast roof terraces complete with mature 15-foot trees and an infinity pool, is thought to have been purchased by an Arab sheikh, the Economic Times.


Hong Kong & Singapore photos courtesy of Getty Images

The Best Time to Buy Real Estate

When buying a new home or condo, it almost goes without saying that you should, firstly,

  • Carefully consider your personal financial situation.
  • Never feel the pressure to buy now until you are in the drivers seat financially.

The facts are that lower to acceptable mortgage rates will be around for awhile and, even if they rise somewhat, this is not necessarily a bad thing.

Low interest rates can, in fact, be a double-edged sword. Often house prices will rise as interest rates fall, particularly when accompanied by a decrease in employment rates. Even if your monthly mortgage is the same, you are in better shape with a mortgage payment at a higher interest rate than having a low interest rate and a higher mortgage.

Consider:

  • A smaller mortgage is easier to pay off quickly; you are less a slave to debt.
  • Your property taxes will be less
  • A smaller mortgage on your house/condo will allow you to increase your home equity quicker.

Even if you have a long-term mortgage, you will lessen the impact of high interest rates lowering the value of your property when such a cycle re-occurs.

Of course, the best situation is to minimize your debt exposure by making as large a down payment as you possibly can.

In terms of seasonal timing, the best time to buy a house or condo is winter, summer or fall. In terms of specific days, holidays are always a good time to make an offer since almost all offers are made during normal weekdays and competitive bids will be at a minimum. Moreover, sellers will have more free time to consider your bid and are often in a more amiable mood on holidays. You might have to twist your agents arm a bit but a good agent will appreciate the strategy.

Although the advent of Spring, twittering birds, fresh grass and warm weather is enticing, its a good general rule for smart home buyers to avoid the Spring buying fever since traditionally this is a time when home prices are at their highest, or, at least, somewhat over-priced. The manufactured high pressure buying panic can often turn into buyer regret through the remainder of the year. In other seasons, the market is calmer, more serious, and offers are more likely to be turned around quickly.

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