In the previous years, the trend that is seen is, a lot of people are willing to invest in pre-construction condos as a safe, passive and lucrative way to acquire property in Toronto. Acquiring a new property in Toronto is equal to fulfilling a beautiful dream. Buying a pre-construction condo is like buying futures in the stock market. Essentially, you are buying at today's prices with the belief that in the future, prices will rise. Historically, long-term prices of residential homes have always gone up. For this reason, you can improve your odds of appreciation by acquiring properties in highly gentrifying neighborhoods. This is where major infrastructure or transit is scheduled to be built. Given that the property you are purchasing will not be available for 3-5 years, it makes sense to acquire a new home in an area that's on the rise. These neighborhoods will have a lower purchase entry point and a higher potential to outperform the overall market. When looking to m...

“It’s like an apartment, but you get the ownership.” This could be the answer that most people give when asked what is a condo. Yes, it is primarily the type of ownership that makes a condo different from an apartment. A condominium, commonly called a condo, is a dwelling unit owned by a person or a family in a building or community with multiple units. When it comes to the land and common use areas of the condo project, they are commonly owned by all the condo owners. Though condos are largely part of high rise buildings like apartments, detached condos like townhouses, duplexes or detached houses also exist. Nowadays condos have become the most preferred real estate investment option. People prefer condos over houses because they are cost-effective, safer and need less maintenance. The buying procedure for condos is similar to the procedures of any other residential property. You will have to pay a monthly or annual fee for maintenance and amenities. This fee is determined based o...