You can purchase a resale property with as little as a 5% down payment. Even when you purchase a brand new home from the builder, the deposit is usually within 5-10%. When you are purchasing pre-construction condos, almost all the time, you will be looking at paying about a 20% down payment.  Perhaps you’re thinking, “I saw a big billboard that said I could buy with 5% down!” That’s usually because the builder has pretty much sold all the units and is trying to... [read more]

Ready to master the art of purchasing pre-construction condos? Let’s take a closer look at the steps involved. Buying a pre-construction condo isn’t nearly as straight-forward as buying a resale condo. In my earlier post, I emphasized the importance of knowing whether investing in pre-construction condos was right for you. I cannot stress how important this is – don’t do it because it’s a trend. Really analyze if it’s the right option for you.... [read more]

Thinking about investing in real estate? Real estate has always been one of the most successful investment options. I frequently meet young investors who are curious about getting into the real estate market. Investing in real estate can be very rewarding – however, if you don’t do your research, it can go south very fast. Investing in pre-construction condos has become very popular in the real estate market, especially in the Greater Toronto Area. So what are pre-construction... [read more]