New or Resale condo developments are an excellent way to invest your money or a great opportunity for first time home buyers.
We are very much still in a buyers market and statistics are saying that the next 6 months will be an excellent opportunity for buyers looking to move or invest as condo prices are dropping and supply is at an all time high. If you are looking for an investment opportunity now is the time! The real estate market has already begun to see a turn around so buyers take advantage of these opportunities while they are available.
Because we are in a buyers market rental rates have been adjusted to be lower to keep the spaces occupied. This will change as the market increases and in future will create more profit for those who are investing. The condo market has always been a sound investment especially in any location close to downtown. The demand for homes down town and outside of the city of Toronto is increasing drastically.
Important things to note about condos:
Maintenance fees can include some
of the utilities in your condo and always include the exterior maintenance and insurance of the building itself. It's important to be aware of what your fees include and what the projected increases will be in order to protect the future resale value of your investment.
Condo Market as a whole:
The condo market will always be sought after by not only first time home buyers, investors, retiree’s, etc.... There is always a buyer for a condo!
If you are looking for an good investment opportunity check out some of these developments that we have been selling:
Elgin & Woodbine Avenue:
New condo development which we have exclusive deals for.Looking to purchase from the low $200’s with addedammentities?
Right now there are exclusive offerings for a free granite counter top, stainless steel appliances.
And no maintenance fee’s for two years!
This building is offering 1 bed room, 2 bed room plus den and 3 bedroom suites.
Yonge & Eglinton
Previously we blogged about a mid town development at Yonge& Eglinton.
with prices starting at $534 per square foot. There are still unitsavailable and exclusive offerings to those looking to purchase in this area.
Main Street & James Snow Parkway
There are beautiful condos still available in Milton today in these units
There are so many condo’s available that it can be difficult when looking at them to decifer which location and building are the best investment. Let Allana Thompson, Christy D'Oliveira and Kyrsten Feere of The Fresh Approach Real Estate Team guide you on how to purchase the best investment for your dollar and find you a location which will create the best return on that investment.