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 [...]
Why Use a Realtor to Purchase Pre Construction Real Estate
September 24, 2009 by Joy Paterson · Leave a Comment
One of the most common questions raised when looking to purchase a pre-construction condo is whether to use the expertise of a realtor. Sales representatives at new home sales offices are indeed licensed realtors but as a buyer should you have your own representative? It is in my opinion that using your own realtor is [...]
The Process of Buying a Condo
September 24, 2009 by Joy Paterson · Leave a Comment
Purchasers, first-time home buyers especially, generally lack the knowledge to determine what they can afford when it comes to buying Toronto real estate and how the purchasing process actually works. Here is a step by step guide on how the condo purchase process works: 1) Start by getting pre-approved by your bank or a mortgage [...]
Things to Consider When Buying a Toronto Condo
September 24, 2009 by Joy Paterson · Leave a Comment
Condos have become a popular form of real estate ownership in Toronto especially among first time home buyers. Not only do condos tend to be the most affordable option for home ownership in central Toronto but they also offer a low maintenance lifestyle. What is a Condo anyways and what should be considered when purchasing [...]
Land Transfer Tax
September 24, 2009 by Joy Paterson · Leave a Comment
In the city of Toronto, there are two taxes that are applied to a real estate purchase. The Toronto Land Transfer Tax: Put into place just last February (’08), this tax is levied only on real estate purchased in central Toronto. If an agreement of purchase and sale was entered into before December 31, 07 [...]
