Costs of Buying Real Estate
July 26, 2010 by Joy Paterson · Leave a Comment
When buying Toronto Real Estate, it is important to take into consideration the additional costs of the transaction other than the purchase price itself. Put aside some additional cash for the following one time expenses: 1) Lawyer fees – closing fees and title insurance 2) Adjustments – depending on what is in the agreement of [...]
Toronto Condos: What is a Condo Status Certificate?
July 7, 2010 by Joy Paterson · Leave a Comment
When purchasing a resale condo unit, the buyer’s offer to purchase is usually conditional upon a few items but one unfamiliar item for first time condo buyers is the lawyer’s review of a status certificate. What is a status certificate you ask? How it works is this – Depending on what is stated in the [...]
Condo Apartment or Freehold Home?
September 24, 2009 by Joy Paterson · Leave a Comment
With Interest rates at an all time low, it is a great time to buy real estate in Toronto. Home owners are upgrading and first time home buyers are taking the plunge. As a Realtor, a common question asked by many of my buyer clients is what route to should take; purchase a condo apartment [...]
Toronto Condos with Low Maintenance Fees
September 24, 2009 by Joy Paterson · Leave a Comment
Buying a condo essentially means buying into a low maintenance way of living. Condos can be an affordable and stress free way to live as each month the owner pays a maintenance fee to cover certain common costs of the building. While having a low maintenance fee is ideal there are other factors to consider [...]
Toronto Power of Sales
September 24, 2009 by Joy Paterson · Leave a Comment
The year 2007 in Toronto was a crazy year in terms of real estate sale and skyrocketing prices. Many buyers bought during this frenzy and paid top dollar for a property. As reality sets in and property values start to decline, these home owners are now struggling to pay off their financial obligations, forcing the [...]
Choosing The Best Floor Plan
September 24, 2009 by Joy Paterson · Leave a Comment
So you’ve made the decision to purchase a pre-construction condo in Toronto. Congratulations! Now here comes the hardest, but also more important decision -choosing the right floor plan. It is important to choose a layout that will accommodate your personal needs but will also prove to be attractive to potential buyers in the future. One [...]
Buying Pre Construction: Q & A’s
September 24, 2009 by Joy Paterson · Leave a Comment
If you have purchased or are thinking of purchasing a pre-construction condo in Toronto, then I’m sure you have plenty of questions. Here are a few common questions that I am asked by clients regarding purchasing pre construction real estate. Q. Can I choose my parking spot and locker location? A. If you have a [...]
Warranty Protection on Buying Pre Construction Real Estate
September 24, 2009 by Joy Paterson · Leave a Comment
When buying a new construction condo in Ontario, the Tarion Warranty Corporation provides protection to buyers under the New Home Warranty Program. Membership in this program is mandatory for new construction builders and offers protection to buyers of new construction in terms of a deposit protection, defects in the workmanship and materials and protection against [...]
Toronto Condos: Pre Construction or Re-sale
September 24, 2009 by Joy Paterson · Leave a Comment
When it comes to purchasing a condo unit, many of my buyer clients ask me which is the better choice, buying a resale or pre-construction unit. The difference between the two being that one already physically exists and the other one does not. Deciding which route to take depends on a few factors such as [...]
Buying Pre Construction Real Estate
September 24, 2009 by Joy Paterson · Leave a Comment
Buying a new condo, known as buying pre construction before it is built has many advantages. The first advantage being choice. Buying from the builder allows you to have more choice when it comes to the selecting the floor plan/layout and the location of the condo unit in the building. Finishes and decor are also [...]
