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Smart Backup Down Payment Sources for Toronto Condos

Wednesday Sep 15th, 2021

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Toronto Condos

Smart Backup Down Payment Sources for Toronto Condos Several homebuyers and tenants dream of owning a home or real estate property in Toronto. First-time buyers of Toronto condos often find the down payment very demanding and challenging. This is because you need to pay at least 5% as a down payment for a condo. That will approve your application for an insured mortgage. If you are an investor who invests in condos for sale with a purchase price of over a million in Toronto, then... [read more]

A Beginner’s Guide to Condo Insurance in Toronto

Friday Sep 3rd, 2021

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Toronto Condo Team

Homeownership should give you a sense of security and peace, no matter where you live. If you own a condo, condo insurance can provide that sense of comfort and confidence. While the condo association’s master insurance policy generally covers the main structure and common areas, some things are considered a homeowner’s responsibility. condo insurance helps protect against losses and repair costs for a condominium unit, in the event of theft, vandalism, fire damage, water... [read more]

Everything You Need to Know About the Upcoming Toronto Empty Homes Tax in 2022

Thursday Sep 2nd, 2021

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Toronto Condos

Toronto may finally be cracking down on real estate speculators who invest in multiple properties and leave them unoccupied, while residents struggle to find affordable housing. On July 15, 2021, Toronto City Council has approved a plan to implement an Empty Homes Tax as of January 1, 2022. While the exact details of the plan will be revealed later this year, the proposed tax is modeled after the “empty homes tax” already implemented in the City of Vancouver. Since 2017, vacant... [read more]

Factors That Determine the Price of a Condo in Toronto

Monday Jul 19th, 2021

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Toronto Condos For Sale

When selling or buying a condo in Toronto, price is a huge deciding factor. You would think that pricing a condo is simple, but in fact, a lot of factors determine the value of a condo, which makes it a challenge to come up with the correct price point that is at par with the market value. These factors pertain to both the unit interior and exterior as well as the surrounding neighbourhood, not to mention, the condition of the real estate market and even the difference between supply... [read more]

Tips to sell your Condo unit For More Than It’s Worth

Wednesday May 19th, 2021

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Toronto Condo Team

Selling Toronto condos is a complicated process that involves a great deal of knowledge in real estate. You are misguided if you believe that purchasing Toronto condos is more daunting than selling them. This is because selling condos is a similarly complicated procedure in which one must simultaneously address many aspects. Everything has to fall in order and preferred for sale to make the process go forward. This starts right from repairing the interiors and exteriors to seeking the... [read more]

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