Why You Should Buy Pre-Construction Condos

condo developmentMost homebuyers do not know what they are getting themselves into when buying property. Most property buyers in Canadian cities believe that owning a home is a great investment. This can only be true when you do due diligence and make an informed decision. Buying pre-construction condos in Canada, for instance, could help you understand the dynamics of the real estate industry. If you hope to invest in Royal Bayview condos, there is a lot to learn from other people’s experiences. That said, here are some key benefits that should convince you to invest in a condo before it’s even built.

Cheaper than Already-Build Condos

For a fact, investing in pre-construction condos is a lot less expensive than buying a condo that is already built. Most developers reward buyers who opt to invest early with discounted rates. As such, this will allows the buyer to own property, which they would have otherwise been unable to buy.

A huge part of your ability to acquire property at a discounted rate is attributed to the time factor. With a pre-construction condo, all you have to think about is the payment schedule. Moreover, you do not need to worry about paying off the final 5% before getting your keys. Buying a pre-construction condo, therefore, gives you enough time to save and possibly invest.

Appreciation of the Property

Like with most jurisdictions, property prices in Canada’s major towns are on the rise. Buying pre-construction in Canada, therefore, gives you are a real chance to benefit from potential appreciation by the time you have the keys. Although you might think that you are only buying a drawing, the benefits might turn out to be quite significant, if the real estate trends in Canada’s cities are anything to go by.

Easy to Sell

Buying pre-construction condos in a major city can be an excellent investment move. Their strategic location makes it easy to get a potential buyer. Even better, you can also get some rental returns as their value continues to appreciate. Therefore, instead of letting money stay idle in your savings account, buy a condo and wait for the value to increase.

As you can see, buying pre-construction condo comes with lots of benefits. There are also some drawbacks to buying to making this investment decision, most of which come with making the wrong choice. Therefore, it is imperative to do due diligence on your part before investing in pre-construction condos.

Why Condos Are Better for City Living

Why Condos Are Better for City Living

Living in a city like Toronto can be tough with millions of people on the streets and so many businesses operating. However, many people have no choice but to work in this metropolis so finding a suitable place to live with your family is vital. Property prices are rather high in the city, and you can forget about buying a house as it will cost you a fortune. The best option for any person who wishes to live and work in this bustling city is a condominium.

Why consider condo living?

Condos buildings

Many people will ask why they should pay more money for a few rooms in a condo building, and the answer is “luxury.” Unlike regular apartments, a condominium will be more homey, spacious and comfortable. You will feel more at home than you would in a confined space of an apartment. There is a misconception that apartments and condos are the same, but when someone actually experiences a development like the Mirvish + Gehry Condos on Kings Street West, all will be made clear.

The price

Yes, condos are more expensive, but you do get what you pay for in terms of quality. Apartments are meant for basic living, so you will simply have a place to eat and sleep; alternatively, a condo will be a place that you can call home. You will find that the design, walls, flooring, kitchen, and baths are all premium quality and have the potential to make you feel at home. When you purchase a condominium unit, you will also be entitled to use the building facilities like gyms, pools saunas, jacuzzies, gardens, etc. Apartments do not have such facilities, and even if they do, they may not be well maintained or they can even be out of order.

The convenience

couple sitting on benchThe best part of living in a luxury condo in Toronto is the convenience. You may have a large home in the country, but spending an hour or two each day on the road going to work is not something we like. When you live in a condo, you can enjoy all the freedom and comfort of your home, with the convenience of being close to work and all other benefits that come with living in a city. Check out a condo now and your city life will be a breeze.



Why Condominium is Superior to Other Types of Property

Why Condominium is Superior to Other Types of Property

When we decide to buy a property, we often get confused with its various types. And, we do not know what to consider when thinking of whether to live in a condominium, an apartment, or a townhouse.

The legal ownership

KeyIf you have ever wondered what makes property agencies differentiate a condo from an apartment, then you are in the right place by reading this right now. An apartment is usually a room with a kitchen and a bathroom in it, which is rented for tenants by the owner. And apartment’s owner is mostly a company.

Depending on the luxury grade and the price, an apartment complex can have shared facilities and amenities, such as gym, swimming pool, and garden. And the tenants are not responsible for their maintenance. But again, that leniency is mainly due to the status of the ownership.

LendA condo, on the contrary, is very much like an apartment but can be legally be owned by an individual. You can make a condo as a bank’s collateral so that it will be a very useful investment, unlike an apartment. In terms of legality, having a condo is like having a house under the same building.

The ownership of a house is divided into two categories: individual and joint ownership. The legal status of house ownership is stronger than owning an apartment, even if what you own is a duplex house.

The facilities and amenities

swimCondominiums have a wide range of luxury selection. In Canada, for example, Cresford Developments are famous for their grandiose and extravagant architectures, which are somehow blending in with the local neighborhood.

For the utmost luxury, condos can go very far with affording ludicrous amenities. Zaha Hadid Architects’ One Thousand Museum in Miami has a helipad on their condos’ rooftop. Armani/Casa Residences in Sunny Isles, Florida, employs personal lifestylists, one for each resident. The lifestylist’s job is to be the fashion and style consultant of the resident.

Condos’ democracy

Because the condos are owned by multiple individuals, the cost of the facilities and amenities is also shared. But because you contribute to the maintenance, you have a voice. In a condo, the residents can elect a board of overseers for the facilities.

You will not experience a sudden change of facility, like if you live in an apartment. And the burden is much lighter than owning a house. If you own a house, all the maintenance costs are your monthly bill. But in a condo, it is someone else’s jobs.

Besides, having a large garden, swimming pool, and gym facility is exclusive to condos. Otherwise, if you force yourself to have them at your house, it is going to be an extravagant expense.…

Important Factors to Consider When Choosing A Condo

Important Factors to Consider When Choosing A Condo

When it comes to condominium, there are so many choices that are available. Therefore, one can get overwhelmed when making his or her decision concerning condos. Also, since there is rapid urbanization, a lot of prestige condos are sprouting like mushrooms to meet the various housing needs of many people. Regardless of the individual styles, budgets, and needs, you are likely to get the best condominium that will suit your requirements.

If you have never lived in a condominium, you have a good chance of living in one because many classic condos in Toronto will suit your housing requirements. A good example is the One Yonge Street Condo. These are the new condos in Toronto, and they are the essence of the modern urban living. This is because they revolve around a vibrant community life, public services, entertainment, and convenient shopping. Therefore, when choosing a condo, the following are some of the factors you are supposed to consider.

Good location

oliuytrdfcvbnmYou need to consider the location when choosing a condominium. This is because it can affect both the current and the future price range of the units. For instance, Toronto is one of the best places you can consider when looking for a condominium. It has the best areas, and the Yonge Prestige Condos are near some of the major roads, markets, hospitals, and schools. These are just some of the amenities that you are recommended to remember when choosing your condominium.


This is another significant component you should never forget to include on your list. This means that you should look at the house first and approximate the amount of money you are likely to spend on your condo. If you need a new condo in Toronto, ensure that you have enough cash because most of the condos there are a bit expensive.

Population density

kljuytrdfcvbnmWhen you are selecting a condo, this is another factor you should consider. This is because too many units per floor are likely to cause unpleasant situations like congested stairwells or elevators. Therefore, when you are choosing one, make sure that you consider one that is designed to ensure less foot traffic. That is why it is advisable to consider selecting The Prestige condos at One Yonge because they have high-speed elevators that will reduce congestion. These are just some of the factors you need to remember when choosing a condo.…