Daniels Make it Easier Than Ever to Purchase at One Park Place
Daniels’ Regent Park revitalization is well underway and the developer is getting set to launch the fourth condominium project (after One Cole, One Park West and Paintbox) called One Park Place.
Unlike most other developments in the City, Daniels actually BUILD the condominium before selling which allows buyers to move in much sooner than the typical condominium. One Park Place has already begun construction and will be ready to move into in 1 year.
One Park Place located in Regent Park
For One Park Place, Daniels makes it incredible easy for home buyers to purchase. The development will be priced very well compared to other condominiums in Toronto and buyers are able to purchase with just 5% down and also qualify for the very unique “First Home BOOST” program (explained in detail below) that has been wildly successful in previous years.
GRADUAL 5% DEPOSIT:
Purchase with just 5% down payable as follows:
$3,500 upon signing
$1,000 per month until you hit 5%
The Home Boost Program apples to new home buyers who plan to LIVE in the suite (purchasers must qualify for the program) and is an interest free loan of 10% that is repayable in full ONLY when you sell your home or when it is no longer your principal residence. If you keep your home for 20 years, the loan is forgiven.
What makes the Home Boost program even MORE powerful is that the 10% loan is recognized by CMHC. This means that if you are putting 5% down, CMHC will recognize your 5% plus the 10% from the Home Boost program for a total of 15% which allows you to save on the CMHC insurance.
The program is very powerful, especially for first time home buyers.
One Park Place is launching in the coming weeks, however, in order to purchase and utilize the Home Boost Program, buyers must qualify BEFORE they purchase and applications are being accepted immediately. To register for Platinum Priority access to One Park Place, and to learn how to qualify for the Home Boost Program, complete the form below!
