All you Need to Know About Condo Developments in Toronto

1. All you Need to Know About Condo Developments in Toronto Most people are unaware that when they go into the sales office for a new condo development Toronto, the sales staff there to help you work for and represent the builder. Under the circumstances, it becomes essential that you hire your own realtor. You can either negotiate it yourself or avail the services of a real estate agent in buying a new construction condo. Hiring an agent only will help in saving money and time. He will help you in understanding the process of what you are buying and clarifies all the hidden costs of your purchase. In launching a Condo developments Toronto, prices are not negotiable however you negotiate it through the agent and certain charges like builder administrative fees or community and education levies be taken out or capped. Some of them even organize launching event of their condo project, where you can visit and get all the details about the condos including the price and floor plans. First of all, you should know whether the price asked for is reasonable for the condo. You should do thorough research on this. You should also know what are all the residential and commercial building projects that are coming down the pipeline in the Condo developments Torontoand even get to paint a picture as to how the neighbourhood skyline will look two or three years down. You should limit your search to just one builder alone. You must search through all the condos that are coming up in the neighbourhood. In case, you are prepared to live in a new condo but do not want to wait for two or three years for the project to complete. Then you may opt for a resale market of newly built condo buildings. An often newly built and registered building has several units available for sale on the MLS that have never been lived in and are available for immediate occupancy. This also eliminates the guesswork of wondering if

2. the floor plan can accommodate your flat screen television or if your view overlooks the garbage dumpster, etc. as you can see it for yourself. If you want to opt for a particular new condo development Toronto and it is all sold out, then you can opt for an assignment. An assignment is basically buying a right to own a condominium that is either not built or not ready for occupancy and has not been registered as yet. Other than this, you can also ask for the maximum no. of people to live in a condo, whether it can be rented out, can own a pet, can run a business, renovations permitted, guest parking, the building is energy and water efficient, heated/cooled/ventilated, etc. Once you are satisfied with all the points then you can go for the condos in Toronto.