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Toronto condos buying guides

How to buy Toronto condos?

one bloor toronto condos

Toronto condos for sale

Toronto. Nice place to live.

You want to live in downtown Toronto. Condo is your best option. To buy or to rent ?

Things to Keep In Mind When Buying Toronto Condos

When you purchase Toronto condos for sale, you are not only paying for your own individual unit and owning it, you are also paying for all the common luxury features such as swimming pool, tennis courts, community hall, gym, landscaped garden and their maintenance. So when you buy Toronto condos for sale, you also have to make sure that the condo cooperative or corporation maintains the parking lots, security, grounds, common areas and elevators.

What to look for when purchasing Toronto condos for sale?

The answer is lots. In fact, you have to keep in mind so many things that the process of purchasing your dream condo can turn out to be pretty overwhelming. Here is a list of a few things you need to check out first.
Status Certificate

When purchasing Toronto condos for sale, always request for Status Certificate of the condo corporation as it will help you determine how well the corporation functions and whether it takes proper care of the luxury amenities such as pools, gyms and gardens or elevators.

Location

The real estate scenario in Toronto is the hottest in Canada right now and getting your hands on a prime piece of property means paying through your nose. If you purchase a condo close to the downtown or midtown areas or near the hip, hop and happening places and the subway, expect to pay a bomb. If you are on a tighter budget, you have to move out to the suburbs.
Think hard and clearly and determine what you really, really need before deciding on the location because this is the single most important factor that can affect its resale value. With an inner city location, you may have to compromise on the size of the condo unit. On the other hand, a sub urban location can bring you the benefits of a larger, roomier condo unit that is within your budget.

Amenities

Some of the commonest luxury amenities that you should expect from any Toronto condos for sale are roof top patios, party rooms or community halls, screening areas, tennis or squash courts, swimming pools (even infinity pools), gym, common lounge, cyber cafe, landscaped gardens, parking areas, elevators, children’s’ play area and so on.

Condo Security

This is of prime importance and includes key/code protected gates, surveillance cameras, security systems, private security guards and external alarm services. The security expenses will be added to the maintenance fee.

Condo Maintenance Fees

Condo maintenance fees usually include building property taxes, which is separate from the unit property tax you will pay, building reserve fund, building insurance which is again separate from unit insurance, water, hydro, heat, elevators, security and fees for maintaining all the common luxury amenities. Condo maintenance fees are a monthly recurring expense, something similar to the HOA fees you pay when you purchase a house and these fees increase over time.

Warranty

While purchasing Toronto condos for sale, you should also ascertain if there is a warranty on your property (applicable only if you purchase a recently constructed unit).

 

Toronto condos

Toronto is very disarable place to live. Vibrant, modern, with lot s business oportunities. Every day bigger and more fun to visit or live in. Classy restaurants, nightlife, whatever is your interest , Toronto have it.
Condo market is booming in Toronto. Average price is over $300.000 for condo in Toronto. Les then in Vancouver, but right there on second place in Canada.

Toronto condos news

One Bloor street Toronto condos

 

Great Gulf’s flagship condominium, One Bloor is under construction in Toronto. This $450 million project will provide 100,000 sq. ft. of new prime retail on three levels, and add 732 new residential suites

http://onebloor.com/

 

Toronto new luxury condo The Four Seasons Private Residences

 

 

 

Toronto’s luxury condo prices close to New York’s

Multiple Listing Service shows over 100 condos in Toronto selling for the price $1.5 million or more. AVERAGE PRICE IS OVER $300.000.

In Toronto nearly 48,000 units is under construction. In 2011, the city counted 132 residential high-rises under construction—more than New York, Chicago, Miami, Boston and Dallas combined.

Are this hot Market will crash? Read more

from Macleans.ca(http://www2.macleans.ca/2012/04/24/a-million-dollar-view/)

 

 

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