Archive for Toronto Condo Buyer
Is Toronto Condo Living Right For You?
Condos are generally more affordable than detached homes in the same area, allowing condo owners to remain near or in downtown Toronto. Many condo buyers are also first-time home buyers who’ve found an affordable way to live where they want to while jumping into homeownership at the same time. Being able to afford something doesn’t [...]
Your Toronto Condo Declaration: What It Means
Your Toronto condo declaration contains all the information about your condominium suite and the building itself, including what is “exclusive use” (what is available for use exclusively to you, but not actually owned by you, such as your locker, balcony and sometimes parking spot), the boundaries of your condominium suite and rules such as whether [...]
Toronto Condo Rental Restrictions
One decision Toronto condo buyers have to make when choosing a building or a unit in any existing building is whether to buy a condominium in a building with rental restrictions. Rental restrictions mean that a building restricts the number of rentals allowed in a building or event outright prohibits them. This results in a [...]
Can You Keep A Pet In A Toronto Condominium?
It’s an issue that comes up frequently, and one that can cause great hesitation for buyers who are thinking of moving into a Toronto condominium – are pets allowed? And what if you already have pets that you just can’t part with? This very issue was addressed in a recent Moneyville article, discussing two condo [...]
Do Toronto Condominiums Have Glass Issues?
Since the several incidents involving glass from Toronto condominiumsfalling to the ground from the balconies above during the summer months, condominiums built using glass have been under more scrutiny than ever before. A recent CBC article called many of Toronto’s glass condominiums “throw-away” buildings, because their glass windows are apparently destined to fail over the [...]
Buying A Toronto Condo: New Or Resale?
The Globe and Mail recently publisheda great article discussing the pros and cons of buying resale and newly built (or yet-to-be-built) condominiums in Toronto. When buying a resale condo, it’s much easier to visualize yourself in something that’s already built, that has four walls and can be visited and walked through. With a condominium that [...]
Are You Ready To Buy A House Or Condominium In Toronto?
Many first-time buyers in Toronto choose to buy condominiums because of their proximity to downtown, their affordability and their smaller size that is perfect for younger professionals and couples. But are you ready? When jumping into the home buying process, you’ll first need to understand how you appear to lenders. This is normally determined by [...]
TD: Canadian Boomers Putting Downsizing Off For Now
According to TD Canada Trust’s 2011 Boomer Buyers Report, 17 per cent of baby boomers are putting off their plans to downsize their living space because they need larger homes to house their adult children. In addition, 40 per cent of baby boomers still have to pay off their mortgage and others say that their [...]
Toronto Condominium Sales Up 26%
According to the Toronto Real Estate Board’s latest Toronto real estate market figures, Toronto condominium sales have increased by 26 per cent in September, while total sales over all increased by 25 per cent. “We have experienced strong growth in sales so far this year, with a much more active summer compared to 2010,” said [...]
Urbanation Agrees With TREB, CMHC: No Condominium Bubble
The folks over at Urbanation’s blog recently posted a great article to quell people’s fears of a condominium market bubble in Toronto. Urbanation is the leading market research firm for condominium information in the Greater Toronto Area. The blog posting is in response to an article in the Toronto Star, which quotes a Manhattan-based consultant who [...]
