Buying a condo in Toronto? Here’s how the new regulations can affect your decision

If you are someone who is interested in buying a condominium or a condo in Canada and especially Toronto then you might have to rethink your decision. The Canadian real estate market is currently facing a slow down situation, due to the new regulations that have been introduced. These regulations can affect your decision to buy a condo or any other real estate property.

Year after year, sales of condos in Toronto have plunged as low as 21% back in 2017. This year round though, the sales are predicted to go as down as 19%. The sale to new listing ratio has also been shifting to the lower side and this too is an evidence that the market isn’t going so well. This could be bad news for you as a buyer. For those who are interested in good space like that of a condo, a townhouse could be a good option but if you strictly want a condo, consider New Home Condos to be a place that can help you make your dream come true.

If you have done a lot to save money for your dream home or condo, then it is a good idea to do your best to find the ideal home but for a decent price, which can be challenging. This calls for some extra serious research work and condo hunting sessions. The market is definitely slow but this doesn’t mean that people aren’t buying real estate at all. You may have to compromise a little on the kind of neighborhood or amenities you want to fit the budget but that doesn’t mean that you won’t be able to make the purchase at all.

All you need to do is to find some good real estate agents or agent and then help him understand your specifications or needs from a condo. Besides this, you can keep searching the newspapers for new condo openings as this can help you lead to your dream property. There are many new projects of condos coming up in Toronto and you can book your condo early to avail some heavy discounts. Make sure you log on to New Homes Condos today so as to find yourself the perfect abode for you and your family. Contact them today and let them help you find a place even when the property is on a low.

Reasons why you can consider buying a condo in its pre construction stages

When it comes to buying a property, most people shy away from investing in an option which is still in its pre construction stages. But buying pre construction Avia condos for sale in Toronto can actually prove to be a much better option for you than buying an already built one. It may still take time to complete but in the long run, a little wait can prove to be beneficial for you. The following are some of the reasons why you can consider buying a condo in its pre construction stages:

Discounted rates

The first and most major benefit that buying a condo in its pre construction stages provides is that it brings you the condo of your dreams at discounted rates. Most real estate companies provide early bird discounts to those who book early and main open their registration or booking from as early as designing and planning of the condo property. It is best to book your condo at this time as it will help you save a great deal of your hard earned income.

Gives you time to collect money

Booking in advance gives you the benefit of time. This time can be utilized to save and collect the money that you need for your dream home. It lets you set a goal in mind and reach it in terms of savings. Booking in advance also makes sure your new home will be built on all major designing concepts and will be modern in its outlook and functionality. It will be futuristic and won’t be old when you move in.

Buying late brings costs up

When you buy a condo which is already constructed then one negative with this thing is that the rates have already gone up and the neighborhood locality is properly built and constructed which further increases the property rate for that area. Why spend more when the option of reasonably priced condo is available with you?

Pre construction condos are ideal for those who are in no hurry to move in and wish to buy a property keeping their future in mind. There are many such options available in Toronto and you can buy cosmos 4 condos in Toronto Ontario through a company known as New Homes condos. All you need to do is to contact this company and tell them your requirement. They will suggest the best condo which is still in its pre construction stage but will be ready for you soon. So what are you waiting for? Contact them today.


Mid-Month Report Reveals January Off To Slow Start

The 2018 Toronto housing market is off to a slow start, and buyers’ market conditions prevail.

According to mid-month data collected by Zoocasa from the Toronto Real Estate Board (TREB), numbers indicate sales are down annually across every housing type — with the exception of semi-detached homes.

A number of factors could be influencing January real estate, which, so far, is in sharp contrast to the frantic activity witnessed in early 2017 when Toronto real estate ramped up towards the March peak. This year, buyers and sellers prove trepidatious as new mortgage rules — which have slashed affordability for the average buyer by 20 per cent — are absorbed.

The mid-month numbers compile sold data from the first two weeks of the month, providing a short-term pulse on market trends.