Evaluating Condos: 10 Features to Pay Attention to During Your Search When visiting a condo for purchase, it's essential to carefully inspect various features to ensure you are making a well-informed decision. Here are ten key features you should look for during your search: Location When on the hunt for the perfect condo, one of the most critical factors to consider is the location. Think of it as the beating heart of your future home, shaping your daily life and overall... [read more]

It’s no surprise that a recent report from Fairbnb, a national coalition of condo residents, affordable housing advocates, and union workers, has reported a 30 percent growth in Airbnb listings in the waterfront communities; a whopping 3,443 listings in December 2018 as compared to 2,644 the year before. The report also attributed 72 per cent of Airbnb’s revenue in Toronto to “ghost hotels”, which are Airbnb condo units run by hosts who have listed two or... [read more]

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]

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]

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]