Toronto’s housing market is as diverse as its people: ranging in price, size, and location. I pick a Toronto listing or trend to focus on each week and review it with a professional's eye. What makes a property a great pick - and what makes it a pass?
BE IN THE KNOW ABOUT THE INS AND OUTS OF PRECONSTRUCTION HOME BUYING
From a legal perspective, buying a pre-construction condo can be an even more involved process than buying a resale property as there are many additional aspects to consider – which is why in Ontario consumers are given a 10 day cooling off period to think about their decision, and consult with their lawyer before they are locked into the agreement. This cooling off period is put forth in Ontario’s Condominium Act and allows you to back out of the deal within 10 calendar days for whatever reason you or your lawyer see fit.
When you visit the condo sales office and showroom it’s easy to get caught up in the modern amenities and finishes that the sales representative is boasting, but it’s important to keep in mind that there are many considerations to make when purchasing directly from the developer.