Buying a condo during the pre construction stage is a different process as the unit is still non-existent. Technically, you are paying for a home that is still being constructed or in the plans of being constructed. Presale condos are commonly offered at a discounted price to convince apprehensive buyers. The advantageous price and with proper diligence, you can make the most out of the benefits of buying your condo during the pre-construction stage. Floor measurements – The stated floor area might not be exactly what you’re getting. Developers would usually indicate the square footage up to the boundaries ...
Things to Know when Considering a Preconstruction Condo to Buy
July 31, 2018
10 Clever Ideas to Add Storage Space to your Condo Kitchen
July 23, 2018
Space-saving is a way of life for condominium residents. Rooms can easily get crowded with the accumulated stuff. The kitchen especially needs to be organised, with all the kitchen appliances, silverware, glassware, tableware, utensils, pots and pans, grocery items and other food items. And while we cannot extend or build another room, we can always get creative and manage what we have. Full-length Cabinets – Go for floor-to-ceiling kitchen cabinets. You can use the top cabinets for rarely used items, while the bottom drawers can store pots, pans and heavy cookware. Modern minimalist cabinets offer a smooth and ...
Factors that Contribute to the Evolving Condo Lifestyle
July 16, 2018
Just a few years ago, buying a condo and actually living in it is mostly considered temporary. A transitional phase, the first step in the real estate investment ladder, a bachelor’s pad, a city home or an addition to an investment portfolio. Condos were the first home until one marries or starts a family, or until one is earning enough to buy a ‘proper’ home. Never as a home to live in and without any plans of moving out any time soon. Condos were not forever homes. But, that has changed a lot. Today, people are buying condos to ...
Home Financing Guide: A Primer
July 9, 2018
Buying a condo, a house or other types of real estate properties are unlike any other purchase. It requires a lot of paperwork and legalities. And because of the sale price involved, buying a home is also financially challenging and confusing. Here are some of the most common financial terms and phrases relevant to buying a condo or a house in Toronto. Getting Pre-Approved. Getting pre-approved is not a requirement but is a significant component to buying a condo or a house in Toronto. Getting pre-approved means your financial standing has been reviewed and approved eligible for real ...
Condo Living 101: How to Party in Small Spaces
June 25, 2018
Gathering your friends or family for a celebration like Canada's day or a get-together could be a challenge if you’re hosting the party at home and you’re living in a Toronto condo or surrounding GTA condo. Condos are not known for large rooms and extra spaces. However, with careful planning and creative arrangements, a condo party can start rolling. Here are easy tips on how to throw big parties in small spaces; 1. Manage the guest list Determine the number of people you can invite. It should be a good number, where your guests should ...
12 Interview Questions to Ask a Selling Agent
June 18, 2018
Choosing the right real estate agent to list your condo to sell is vital to its success. As a seller, success translates to a quick sale for top dollar. This also means a selling smooth process with the least headache. While it is an agent’s job to strategize a quick and seamless transaction for the best price, it is your job to choose the right condo agent to do that. Here are twelve important questions you need to ask while interviewing the listing condo realtor; How long have you been a condo real estate agent? A realtor’s efficacy will ...
8 Tips to Help your Condo Sell Fast
June 11, 2018
The keys to selling your condo fast are preparation and presentation. Condo buyers are always on the lookout for new listings. The longer your home stays on the market, the slimmer its chances of getting an offer. As a seller, you should aim to catch their attention and make them interested enough to see your home. And when they come visiting, you should be able to present your home at its best. Here are some tips that will ensure your condo a quick sale; Clean up – Start preparing your home with a general clean up. Wash curtains and ...
Toronto’s Housing Market
June 7, 2018
Previous data from Toronto Real Estate Board (TREB) shows a decline in home sales, the lowest it has been in 15 years. While the housing market as a whole seems stable, Toronto has borne the brunt of low number of sales and home values this April compared to the same period in 2017. The hectic spring season brings in a lot of buyers as the market recovers from the slower winter months. However, this is not the case with the GTA which has recorded close to 8000 sales, a 32% decline from the 11470 units sold in the same ...
8 Advantages of Buying New over Resale Condo Units
May 28, 2018
When buying condos, deciding between a new condo and a resale unit is an important step. Your choice will ultimately affect the price, location and other considerations of the purchase. There are pros and cons in buying into new developments as there are when buying a resale condo. Modern interiors and look – New buildings will have the latest and trendiest look and design. When buying condos in older buildings, you will be stuck with its outdated design or need to renovate in order to update the look. With new condos, you can contribute to the design of ...
Toronto’s Growing Condo Market
May 24, 2018
According to new data from the Royal LePage, luxury condo homes are growing in value compared to detached houses with an average of 10.4% increase in prices over the last four months. The Greater Toronto Area (GTA) has experienced declining homes sales in a season that bring in high volumes. The decline is attributed to government interventions, high mortgage rates, and low sales activity. Sales activity across the GTA has been slowing down as both buyers and sellers adjust to economic measures the federal and provincial governments put in place to cool off the markets after the high experienced ...