Buying a condo is a big decision and it’s going to affect you financially. However, it is also an excellent investment for your future. With the skyrocketing sales of condominium units in Canada this year, developers are competing against each other in unveiling new condominium buildings. So it can be inferred that condo prices have become more and affordable and financing options for new Toronto condos have become more accessible.
Here are the top reasons you should buy a new condo in this city:
• You don’t need a car to get from point A to point B.
When you intend to live in one of Toronto’s finest condominiums, you need not worry about transportation. This is due to the fact that the condos are developed near the transit lines. If you happen to have a car, that’s not an issue either. Most condos offer parking slots in their garage. Car owners are usually provided with access cards to ensure the safety of their vehicles.
• Enjoy the benefits of pre-selling condos.
If you are one of the first buyers of new condominium units in Toronto, you get the chance to select from a set of floor plans. You can also take advantage of the low down-payment requirements during the pre-selling period. If you are not financially ready yet, getting a pre-sale unit will give you some time to prepare financially.
• You can rent out your unit easily.
Toronto remains one of the top go-to options for many Canadians when it comes to finding employing. This means that if you intend to have your condo rented out, you have a high chance of finding a tenant quickly.
• You can find a local assessor to check the building’s overall condition.
There are home inspectors in Toronto that you can hire to check the condo unit you wish to purchase. By finding someone with the expertise to scrutinize your unit of choice, you can avoid countless of headaches in the long run.
• You have the freedom to design your condo’s interior.
Getting a condominium gives you the opportunity to design or tweak your living space. However, if you cannot find the time to do this on your own, you may opt to request for an upgrade from your developer. This is also possible when purchasing a unit that is yet to be constructed. You can invest on an upgrade and you are almost sure that you can have it for less than the usual price.
Buying a new condominium unit in Toronto is and will always be a good investment as the value of real estate here will continue to increase. There are also a number of banks around the region willing to offer housing loans with flexible payment terms. While you still have these advantages, it is best to strike while the iron is still scorching hot!
