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Should You Buy A Parking Spot In Your Condo Building

Thursday Jul 2nd, 2020

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Toronto Condos

At a glance, it looks like a simple yes or no question: Should you invest in a parking spot in your condo? Do you have a car? yes. Don’t have a car? no. Unfortunately, the answer is much more complicated, especially when you factor in the pros and cons, the potential cash flow that comes with owning a parking spot, and the underlying costs. Whether you want a parking space for your own car or are looking to monetize your investment by renting out the spot to someone else,... [read more]

Everything To Lookout For When Involved With A Condo Facing Litigation

Saturday May 30th, 2020

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Toronto Condo Team

The dreamy Toronto condos can seem to be no-brainers at first glance. You have spent an eternity trying to find the ideal condo, and now that it is in front of your eyes, you feel hesitant. The status certificate sets a frown on your forehead as you realize that the condo's board is facing litigation. In this sticky situation, is it right to go ahead with an offer, or should you take to your heels? There are so many aspects to consider before you decide to buy a condo that has a risk... [read more]

Moving into a New Neighbourhood With Kids? What To Know

Tuesday May 5th, 2020

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Toronto Condo neighbourhoods

Are you looking to move? The biggest caveat of moving into a strange neighborhood is fretting over all sorts of unimaginable predicaments that may befall your children and teens while you are not around to protect them. Even if you reign in your imagination, they can still meet all the wrong sorts of people, get lost in an unfamiliar area, or venture into a shady zone. Here are a few safety tips to help your family painlessly move into a new neighborhood: Caution Your Kids If you have... [read more]

Are Toronto Airbnbs Turning Into Long-Term Rentals Amidst The Covid-19 Pandemic?

Thursday Apr 23rd, 2020

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Toronto Condo Rentals

After struggling for years on end to stop their buildings from being used by short-term rental operators as de facto hotels, more and more Toronto Condos are finally putting a ban on Airbnbs, in the aftermath of the Covid-19 pandemic. At a time when self-isolation and social distancing are the new buzzwords, Airbnb and other such short-term rental platforms are giving in to global travel bans and experiencing an unprecedented number of booking cancellations. In particular, Maple Leaf... [read more]

Property Prices See A Drop In Response To Covid-19

Sunday Apr 12th, 2020

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Toronto Condo Prices

With the Covid-19 Pandemic wreaking havoc right and left, the real estate market has pretty much come to a halt. Not that it has hit the pause button – after all, those who have recently bought may need to dispose of with their older properties and those who recently sold may be looking for something new. However, things have slowed down considerably since last month. As compared to just last week, sales are down 50%, and if pitted against 9th of March, sales have fallen off a... [read more]

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