Chances are you have heard the advertisements on the radio for one of the many new condominium projects taking place in the Greater Toronto Area. The Toronto real estate market is strong, and these pre-construction projects are proof.
So who can benefit from these projects? Simply put – everyone. Construction projects often include parks, new retail options, as well as improved transit through additional stops and improved roads. There are, however, some main target groups that benefit greatly from pre-construction projects:
- First time home buyers
Condominiums are an excellent way to get your feet into the Toronto real estate market. Since buying a detached home is likely out of your budget, buying a condo in Toronto is the perfect stepping stone.
- Real estate investors
Condominiums are quite easy to manage from a landlord perspective. There is building management and 24 hour concierge that cover off a lot of the maintenance. There is also incredible demand, meaning you will likely not ever sit with an empty suite.
Empty-nesters and retirees are looking to spend their retirement travelling, not mowing the lawn and shovelling snow. Condos allow retirees to lock their front door and go, and not worry about the up-keep of their property.
Buying a pre-construction unit allows you to be more selective of what you purchase, and not depend on current resale availability. Other benefits to buying during pre-construction:
- Up-and-coming neighbourhood
- Latest finishes, desirable for renters
- Excellent value for your money
- Greater timeline to procure funds
It’s clear that buying a condo in Toronto is an excellent investment. Real estate grows in value faster than you will earn interest from a savings account at your bank. There are several new construction projects in the GTA. So buy now! We can help. Call us today. 416-222-0025.
Interested in buying real estate in Toronto & the GTA, or perhaps investing in Toronto real estate? First time home buyer? Moving to Toronto? Are you part of a Toronto relocation with your employer? Our real estate sister company – MAC Real Estate Services Inc., Brokerage – can help you with all steps of the process, from finding a new home, temporary accommodations in the meantime, destination services, settling in services, move management, and so much more. So many steps of the move can be handled in advance, so when you arrive we can get you settled much faster. When moving to Toronto, we can help with all aspects of the relocation.
We’d love to hear from you, so call us today to book your complimentary private consultation.
Once you are all settled into your new home, let us help you with a relaxing Caribbean get-away with a private luxury villa rental in St Martin/ St Maarten, St Barth’s or Anguilla. Caribbean villa rentals are a cost-effective way to travel. Ask us how!