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Buying a pre-construction condo as an investment property is a great way to see a return on your money. However, there are pros and cons to every investment decision, and this one is no different.
Condos are a great investment if you do your homework and plan ahead!
You’ve been eagerly waiting throughout the construction period for your brand new condominium building, and now your move-in date it only months away. You’re all set to go.
Every type of building comes with fees. For condos, it’s the aptly named condo fees.
Pre-construction condos are purchased before they’re ready to be lived in. Depending on the reason you’re buying the unit, this might not matter.
Let’s break some ground and answer six basic questions about the pre-construction condo, an increasingly popular option for homebuyers in Toronto.