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]

People have been asking and are concerned with what's happening in our real estate market.  Here are the top 5 questions consistently asked and my answers to them.    "What's going on with the market?"  According to the Toronto Real Estate Board, record number of home sales was set in 2016 with a total of 113,000 units sold.  We are currently sitting at 115,000 units with still December to finish out 2021.  Prices on homes have increased... [read more]

We have almost finished with the first quarter of 2022 and it has not been short of events happening.  Two years and counting, we are still battling COVID-19, Inflation is at a level not seen in over three decades (According to Statistics Canada, Canadian inflation surpassed 5% for the first time since September 1991, rising 5.1% on a year-over-year basis and up from a 4.8% gain in December 2021.) civil unrest everywhere, debt is at an all time high, major interruptions/backlog in the... [read more]