February 2023 Market Report
February sales in the Greater Toronto Area (GTA) were down substantially from the pre-rate hike levels of early 2022. However, the number of new listings also dropped substantially
January 2023 Market Report
As we moved from 2022 into 2023, the Greater Toronto Area (GTA) housing market unfolded as expected. The number of January sales and the overall average selling price were similar
How Do Deposit Work When Buying Pre-Construction Condos
The Deposit structure for purchasing a pre-construction condo varies by builder and project. Depending on the project’s deposit structure you can expect to put down between 5%-20
How Much Money Needed to Invest in Pre-Construction Condos?
Purchasing a pre-construction condo is easier than you may think. Depending on the project’s deposit structure you can expect to put down between 5% – 20%. For example, if
What is the Process of Buying a New Pre-Construction Condo?
If you’ve never purchased a pre construction condo, understanding the process can be a little difficult for some. Although the process differs from purchasing a resale house, it
Is There A Premium For Buying A Condo On A Higher Floor?
To put it plainly, yes there is a premium. When purchasing a pre-construction condo, you can expect the higher the floor you buy on, the higher the price will be as well. There is
What is the 10 Day Cooling Period when Buying a Pre-Construction?
The 10 days rescission period is also known as the ‘cooling off’ period, or ’10 days cooling period’. By law, developers give all buyers 10 days to review t
What is a Condo Assignment
What is a Condo Assignment? When purchasing a pre-construction condo unit, a buyer signs an Agreement of Purchase and Sale with the condo builder, that reserves their ‘right’ t
What is a Platinum Agent
In the real estate market, as with any marketplace, knowing the meaning of industry terminology can make all the difference in your decision to buy or sell, and whom you work with
