What is Pre-Delivery Inspection (PDI)?

Friday Dec 24th, 2021

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Toronto Condos For Sale

You are now able to view your newly purchased Toronto lofts. It doesn't matter at what stage in the sales process the unit was purchased, it's quite normal to have waited around four years for this moment. You entrust the builder with the completion of your unit according to the standards and requirements you specified in the contract when you sign the APS (Agreement of Purchase or Sale). So, there is no way you can predict if anything could go wrong with a property purchase.... [read more]

Buying Pre-Construction Toronto Condos: 14 Must-to-Know Factors

Wednesday Oct 20th, 2021

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Toronto Condos

Are you thinking about buying Toronto condos before it's built? The good news is that condos are a wise investment whether you plan to live in them or want to rent them out. However, simply owning a condo does not provide you with any financial benefits, and it can even become a liability. The majority of investors prefer pre-construction condos. Getting in on the ground floor of a new development is an exciting option, especially when you have a say in the development and... [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]

Pre-Construction vs. Resale: Which is a Better Investment?

Saturday Aug 7th, 2021

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Toronto new condos

In a thriving real estate market like Toronto, the average price for a stand-alone family home was just under $930,000 whereas the average price for a condo in Toronto was just over $660,000. For a first-time buyer, investing in a condo means a massive saving of almost $300,000. When purchasing a condo in Toronto, you get two different options: pre-construction and resale. A resale condo is one that is already built and is move in ready. On the other hand, pre-construction condo is one that you... [read more]

Why Are Toronto Condos Swapping Walls For Sliding Glass Doors?

Thursday Feb 6th, 2020

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Toronto Condo Team

Caught up in the throes of a severe housing crisis, Toronto is addressing its accommodation challenges in a somewhat unconventional manner; condos seem to be getting smaller each year and doors and walls are being replaced by glass! I have been sifting through listings recently, and every day, I see a few Toronto condos for rent or sale where glass sliding doors stood where one could expect to see traditional bedroom doors and walls. Seems like this is a ubiquitous configuration in the... [read more]

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