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re2 economist suntribune july 2 198ff f jrirjrjt r condominiums selling fast by paul pivato condominiums are the hottest selling item on the real estate mar ket these days so its not surprising to see that more than 40 per cent of the coridominum units in mar- khams walden pond second phase have already been sold the reason things are selling so quickly is because there is a pentup demand says john pennachetti vicepresident of marketing for tridel the developer of walden pond and various other condomi nium projects in the metro area statistics support mr pennachet- tis statement over 80 per cent of walden pond condominium buyers are from the markham area typically emptynesters wont move more than two to five miles from their current location ex plains mr pennachetti older cou ples want to stay close to their chil dren close to where their roots are tridel salesperson pat perini says the average walden pond condomi nium buyer is a married couple in the 4050 year old age bracket condominiums are for people looking for more leisure time says ms perini people who dont want to do snow removal or grass mainte nance a house always ties you down she adds not so with a condomi nium each condominium building will feature a recreation room an indoor pool a sauna a sun deck and party and billiard rooms to list just a few of walden ponds leisure attrac tions even the name of the development taken from the meditative writ ings of american nature writer hen ry david thoreau projects a lei sure image walden pond should invoke a feel ing of calm serenity and peaceful- ness says pat perini john pennachetti predicts that by the turn of the century condomi niums may represent half the real estate market he says that factors such as a low birth rate and an in creasingly older population point to a larger condominium market last month after condominium sales shattered previous records toronto home builders association president john carbone was quoted as saying that greater sales were a reflection of changing lifestyle atti tudes tridels john pennachetti agrees noting that separated and divorced middleaged people represent the fatestgrowing category of buyers mr pennachetti says the largest segment of buyers continues to be young professionals either singles or couples and emptynesters older couples whose children have left the home walden pond offers one two and three bedroom units prices for the one bedroom apartments start at 123500 with two bedroom units starting at 145000 the whitman a twobedroom unit at walden pond here has a spacious kitchen with breakfast nook offers a large master bedroom with ensuite bathroom twobedroom units start at 145000 in the develop- and large second bedroom the model suite shown ment located on bullock dr north of hwy 7 the livingdinning room is spacious and bright in the currently under construction is sold out and 40 per whitman twobedroom unit at walden pond the unit cent of the units are sold in the second phase also features a sunden and balcony the first phase