| Online: | |
| Visits: | |
| Stories: |
6 Things to Know About Buying a Pre-Construction Condo in Toronto
With the number of pre-construction condos in Toronto skyrocketing, there’s no better time to purchase the right condo unit. The real estate market is showing no signs of slowing down and there are more pre-construction condos to choose from than ever before, with luxury options in every part of the city. Pre-construction condos offer buyers the newest, most in-demand condos at the best rates on the market, but buying a pre-construction condo does differ from the typical condo-buying process. There are some special considerations that need to be taken into account when purchasing a pre-construction condo.
Here are 8 things you should look into before you purchase your own condo unit.
Developer Track Record
You should always research the reputation of the condo building’s developer. A developer with a poor reputation can turn your dream condo into a nightmare situation. Look into their past projects and see if you can speak with someone who purchased a previous pre-construction unit from them. Also, speak to board members who worked with the developer to get their opinion.
Read More: 6 Things to Know About Buying a Pre-Construction Condo in Toronto
