Property Hound

Condominium Market Resurges in the GTA

Tuesday Feb 8th, 2022

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One year ago, the condominium market cooled as many first-time buyers waited to pull the trigger on purchasing due to economic certainty. The Toronto condo market was impacted the most out of any city in Canada, with the number of listings surging, prices falling and an oversupply of vacant units leading to falling rents. However, not only is the Toronto condo market rebounding now, it is anticipated to surpass the price gains of detached homes in Toronto. The Toronto Regional Real Estate... [read more]

12 Things to Know About Buying Pre-Construction

Wednesday Dec 1st, 2021

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12 Things to Know About Buying Pre-Construction

1. Deposit Structure   Every project will have a different deposit structure on when payments will need to be made to the builder. The biggest advantage when buying pre-construction compared to something that is already built is the extended deposit structure. With pre-constructions, your down deposit is spread over time (usually totalling 20% of the purchase price) instead of putting it all down at once when buying a resale. Here is an example of a typical deposit structure in... [read more]

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