By: Chris Dawson

Can New Construction Be Negotiable?

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Usually when you visit a new construction condo project, they have price lists available showing the prices of all the different floorplans, parking and locker costs. They may have a promotion such as a free locker or $5,000 in “free upgrades”. Typically you should not expect to negotiate the purchase price at a new construction site but we really have to take it case by case. If...Read More

By: Chris Dawson

Condos For Downsizers

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Toronto condo buyers looking to downsize can become frustrated with the limited options available. For years, developers have been catering to first time buyers and condo investors with their shoe box condos. There’s a coming wave of empty nesters looking to downsize from their big homes and they’ve banked a considerable amount of equity in their homes. Downsizer’s have a number ...Read More

By: Chris Dawson

Toronto Condos with Low Maintenance Fees

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Considering the maintenance fee when buying is very important as this regular monthly expense can have a big impact on your quality of life. Low maintenance fees are more important than ever since the introduction of the HST in Ontario. Although it will not be directly applied to maintenance fees, it will increase the cost of many services which make up the fee. Maintenance fees vary from condo to...Read More

By: Chris Dawson

What's Included in a Condo Maintenance Fee?

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When considering buying a condo it’s important to review what’s included in the maintenance fee. It’s more often to find an ‘all inclusive’ fee in older buildings which don’t have seperate electricity meters. All inclusive maintenance fees usually aren’t better values… it might be easier for budgeting but most condo owners find lower carrying costs ...Read More

By: Chris Dawson

Impact of High Maintenance Fees On Condos

Tags: Toronto Condo Maintenance Fees

A high maintenance fee puts downward pressure on prices. When a buyer is determining how expensive a condo they can afford, they look at their monthly budget to calculate how much of a mortgage they can afford. They need to take into account the property taxes, mortgage, utilities and the maintenance fee. Obviously the lower the carrying costs, the more the buyer can put towards a mortgage payment...Read More

By: Chris Dawson

Good Condo Investment

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It’s really hard to choose a condo or house that’s going to appreciate better than the market average. Those who proudly boast that they have done so are much more likely to have been lucky than smart. To beat the average, something significant has to change in your neighbourhood or building. Examples might be if they announced a new subway or Go train stop to be built within walking d...Read More

By: Chris Dawson

Should I do a Home Inspection on my Condo?

Tags: Home Inspection on Condo, Condominium Inspection, Buying advice for Condos, Toronto Condo Quality, Steps in Buying a Condo

Should I get a home inspection on my condo? Is the status certificate condition enough? I was working with a client looking to buy a loft in King West. We walked into a renovated suite in a low rise building around 12 years old. As soon as she walked into the suite, she was completely in love with the space. After viewing it a second time with her friends and a couple of nights sleeping on it, ...Read More