Foreign Buyer Ban Canada 2022 How does it impact the Toronto housing market? Toronto Condo Team covers the Canada Foreign Buyer Ban 2022 and everything you need to know about its impact on the Toronto Real Estate Market.  The Government of Canada has taken a positive step to make homes more easily available for Canadians, introducing the Prohibition on the Purchase of Residential Property by Non-Canadians Act. This law prohibits non-citizens and any companies they could potentially... [read more]

Is It a Buyers Market? When assessing the current real estate market, buyers and sellers need to consider whether it's a Seller's Market or Buyer's Market. A Seller's Market is one in which buyers have less of an advantage than sellers due to limited inventory and high demand for housing. In this market, buyers may find themselves competing against multiple buyers for the same listing and potentially facing higher prices as a result of bidding wars.  Buyers Market... [read more]

What Are Condos? Living in a condo has many advantages. Condominiums are an excellent choice for first-time homebuyers. Indeed, it is a great choice for someone wishing to enjoy homeownership without a lot of maintenance. Furthermore, it provides a lifestyle of community living and walkable urban neighbourhoods. Unlike rented apartments, condos are privately owned apartments within a building. You can find their differences here. Read on further to get a detailed understanding of what... [read more]

A lot of people are showing a proclivity for condo living, especially the millennials who are choosing to buy Toronto condos as their starter homes. A condo gives you all of the perks of homeownership but without any of the grueling tasks that come with caring for a single-family home—like maintaining the plumbing and cooling, mowing the lawn, or cleaning the gutters. However, buying a Condo is not like buying a single-family home. There are a lot of factors to take... [read more]

The condo fees you will be responsible for paying are an important consideration. All in all, irrespective of whether you intend to live there, rent it out, or use it as an investment that you plan to flip condo fees is an important aspect to think about. Before you buy, be sure you are comfortable with these fees. Bear in mind that you cannot discuss or amend these condo fees once you have purchased a condo property. You will undoubtedly wonder whether the condo fees are genuinely worth... [read more]