TORONTO CONDO TEAM BLOG

As one of the most dynamic neighborhoods of Toronto, Yorkville is synonymous with fine dining restaurants, haute couture fashion, elegant boutiques, luxury condominiums, and an endless bevy of exotic cars zooming through the streets. What was once construed as the home of Toronto’s alternative counterculture lifestyle and original indie music scene with its coffee houses, counterculture ideals, and bohemian clubs, is now sprawling with designer boutiques, commercial office towers, and... [read more]

Increasingly, a large number of home-owners are opting for Condos as opposed to more traditional single-family homes for a number of reasons. If you don’t have a mountainous budget, condo living can offer you a more pocket-friendly entry into the house market. Not to mention, the concept of condo living is running high with the Baby Boomers who prefer downsizing to a more low-maintenance abode. However, even though investing in a City Place Condo is a prudent decision, a lot of... [read more]

The decision of purchasing a condo, an apartment, or a single-family home is a big decision that needs to be handled meticulously, keeping all the factors in mind. All three types of abodes come with their own bevy of benefits that affect your lifestyle differently. On one hand, renting an apartment may sound like an attractive option due to its low cost and commitment, but purchasing a house affords you the promise of long-term investment or increased privacy. However, the most luxurious,... [read more]

  Land transfer tax is a tax you have to pay to the provincial government upon the purchase of a new home or a piece of land in Canada. The tax depends upon the rate of the property being bought. The tax is levied on buyers in all provinces of Canada with the exception of two: Alberta and Saskatchewan. The tax is a percentage value that applies to the rate of the property and is due upon the closing of the transaction. You can use Land transfer Tax calculator to find out the total... [read more]

Have you lately been contemplating purchasing a condo? Especially if you have unearthed the perfect condo in an up-and-coming neighborhood, you need to decide before the prices hitch again. You might be looking to downsize your home or perhaps you keep bemoaning the fact that you cannot paint the walls of your apartment on your whims and are looking to venture a foot forward into home ownership. Whatever the reason is, a lot of people cannot stop gushing over condo living. You pay your... [read more]

  Toronto has an increasing rate of high rise condo population in the city. More and more people prefer to stay in condos for different reasons, but one common  reason is that its affordability. There are many other advantages to living in the condos such as they are affordable while also offering a lot of amenities such as swimming pools, BBQ area, rooftop deck, fitness centers, golf courses, party rooms, etc. whereas you can only get so much living in a separate... [read more]

These days people don’t usually go for long terms plans or don’t prefer looking at the bigger picture. Same comes down to condos. When people go for investment plan in a condo, you only see short-term benefits and profits.  However, this short-term investment strategy can lead you to a world of disappointments and distress. What’s the trend in investments? This question can be answered through an example which is interactive and it will let you understand how the... [read more]

Toronto, Ontario is one of the most loved and admired cities of Canada. Many people keep eyes on residences in Toronto because it is economically the soundest and a well-maintained city of the country. Why Reside in Toronto?   Toronto is an amazing city. There are numerous compelling reasons that will explain why the condos in Toronto today are high in demand. Multicultural: Toronto is a city that comprises of people from all over the globe. Even the motto of the city... [read more]

The condos in Toronto, Ontario in Canada are in high demand these days. The real estate business is also on a rise in the city. There have been slight changes in the rules for buying a condo in the city for the year 2018. In order to buy a condo in Toronto, you must first go through the new rules and understand them.   The Current Condo Market of Toronto: It is important that you understand the real market in Toronto. Due to the high demand for condos in the city, the average days... [read more]

On 1st January 2018, new and tighter mortgage regulations are released out. Now, it is the time to put light on what this is for you people. Before, October of the year 2016 government deployed latest mortgage rules, which are most commonly called ‘stress tests’. These stress tests required for each and every insured mortgage to be given approvals by the posted and set of rate 4.46 percent by the Bank of Canada. Now, it is being introduced for the un-insured mortgages and which is... [read more]