Buying or investing in a pre-construction condo is one of the biggest financial outlays. Investing in Mississauga real estate is always known as almost a sure thing. The idea is that people will always require a place to live and the prices of real estate will surely upswing over time. But what if you could buy a future Mississauga Condo at today’s price? Nothing can be better than this. Though investing in pre-construction condos seem like having a little risk but the award is worth it. If you are planning to invest in pre-construction condos you can take the help of Tomycity.com. How investing in pre-construction condo work Pre-Construction Condos are affordable as the developer is still fundraising and he would like to attain as much money as possible before smashing the ground. When you are investing in condos all you need to do is wait for some years and you will that gradually the price of your condo has gone up remarkably. Therefore, before investing in pre-construct...

To talk about the current condo market in Toronto, they have a higher number of buyers who are first-timers as compared to the housing market. Precisely, most of them are bachelors and people who have just moved in from different countries and states. In the context where families itself are preferring condos over villas, this comes as no surprise. The point which draws attention here is the number of younger buyers which has definitely increased. Also, the current trend suggests that there are buyers who do not want to keep a condo they purchased for another 25 years, instead want to buy the newer and latest ones in the fast-growing areas with grand facilities. This is just one of the few reasons why the condo market seems to continue its growth and more new condo projects are coming up in Toronto. Also, it is found that the newer buildings have a higher turnover compared to older buildings and get sold faster than you expect. To solidify this trend it is shown that construction ...

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...