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]

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]