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Get Pre-Approved For A Mortgage For A Toronto Condo
We’ve blogged about getting pre-approved for a mortgage when buying your first piece of Toronto real estate before.
But our advice also extends to condominiums. It’s essential to be pre-approved for a mortgage before buying a Toronto condo so you can begin your search for the perfect condo with a good idea of what you can afford.
- Get a mortgage pre-approval
before you start shopping for a Toronto condo!
In addition, it lets those involved in the purchase, such as the seller and their agent, know that you’re serious.
Not getting pre-approved for a mortgage could leave both parties (the seller and the buyer) extremely disappointed and upset.
Click here for a story from our personal experience about what happened when a buyer didn’t get pre-approved.
Not getting pre-approved for a mortgage usually tops lists of mistakes home buyers make. Don’t be one of those home buyers!
Toronto Condo: Exclusive Access To The Massey Tower On Yonge
EXCLUSIVE Access To This Toronto Condo
The Massey Tower is hosting The Massey Tower Live On Yonge, an exclusive event where five new floors will be released.This is a one day only signing event at Roy Thompson Hall on April 1st, but you MUST RSVP by March 28th.
Interested in this downtown Toronto condo?
Call Thomas Cook at 416-531-9680 to get your FREE Builder Information Package and reserve your spot at this hot Yonge Street Condo now!
Massey Tower by MOD Developments is just across from the Eaton Centre and only steps from the subway.
Architectural rhythm and modern style strike a cord on Yonge Street. Learn more about the exciting project that hits all the high notes.
Toronto Condos Near The Gardiner Expressway
Google Toronto’s Gardiner Expressway and you’ll find it’s called a lot of names: essential, ugly and my favourite: like some kind of post-apocalyptic apparition. Winding right through downtown Toronto, the Gardiner is close to some of the most sought-after condo developments in the country.
Several Toronto condo projects are under construction near the Gardiner.
According to the Toronto Star, new Toronto condo developments popping up that will overlook the Gardiner Expressway include Garrison at Fort York, Panorama, Infinity 3, Ice, Maple Leaf Square, Pinnacle Centre and 18 Yonge. And one condo development company CEO recently called the views of the Gardiner “soothing” saying it’s much more of an attraction than a distraction.
One building, Ice, sold out in only five months – including suites at eye level with the Gardiner Expressway. Condos were purchased by your every day mix of the usual downtown Toronto condo buyers: downsizing retirees, younger first-time buyers and investors.
For many, the location of the condo outweighs the fact that the Gardiner is so close. And, condos built that close to the Gardiner are normally built with thicker walls to take in to consideration the nearby noises and vibrations.
If you’re considering a move to a downtown Toronto condo, check out the Toronto Star article.
How A Toronto Real Estate Agent Can Help You Prepare For Buying Your First Condo
The Winnipeg Free Press published a great article this week on what’s involved in the home buying process, particularly for younger, first-time buyers. In Toronto, many first time buyers choose a condo as their first home.
Toronto condos appeal to young, first-time buyers.
The article details the costs involved in buying your first home, and what kinds of expenses a first-time buyer should be aware of and prepare for, such as insurance, condo fees, moving expenses, the down payment and taxes.
If you’re planning on buying your first Toronto condo soon, check out the article here.
Toronto Real Estate Does It Again – Another Record Month
February MLS sales totalled 7,032 houses and condominiums in all the districts. This sales number was up 12.3% from one year ago and was 12.5% above the average for Februarys since the year 2000.
31.1% of the market sales were condo townhouses and high-rise suites with 2,187 units changing hands during the month.
The February average sale price came in at $502,508 – up 10.6% from one year ago.
East of Yonge and south of Bloor in the C08 downtown TREB district, the condo sales price average was $405,000 while west of Yonge in C01 the average was $426,700.
Click on the video below to watch the entire February Toronto Real Estate Market Report.
Here’s the text version to read.
