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/)
