Allana Thompson & Christy D'Oliveira

Keller Williams Realty Solutions
Brokerage
Independently owned and operated

Mississauga, Milton, Oakville, Burlington, Georgetown, Toronto and Brampton, ,

Phone: 905-278-8866  Fax: 905-278-8881  Toll: 1-855-278-8889  Mobile: Allana Cell: 416-567-2018 Christy Cell: 647-261-8910 Kyrsten Cell: 905-577-2608

Condo Market Trends

September 11, 2012 - Updated: February 7, 2013

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:

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!

Condo Bennefits:

 
Added Secuity
 
Little to no maintenance
 
Amenities- access to pools, gyms
 
Affordability- there are prices in every range but for those looking within a specific price range there are always new development opportunities and units for sale that can fit in your budget
 
Location – especially when living closer to Toronto condo buildings are built on premium real estate land to attract buyers. Closer to the subway lines, go train and closer to the downtown core as well as shopping centers and schools. 

 

 

If you are looking for an good investment opportunity check out some of these developments that we have been selling:

MARKHAM 

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.

 

 

UPTOWN TORONTO 

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. 

 

MILTON

Main Street & James Snow Parkway

There are beautiful condos still available in Milton today in these units

 

http://www.valeryhomes.com/

 

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.

 

 

 


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