LAND
INVESTMENT
REAL ESTATE

There are various things you have to consider when purchasing a condo in Toronto. However, you should note that there is no perfect condo for every person. Thus, each condo has its pros and cons. It does not matter how much you want to spend to get a perfect condo, you need to source for the right one. The following are some important things you have to consider when buying a condo.

Location

condo premium locationIt is said that certain locations in Toronto command a huge price and in higher demand as compared to other locations. However, the most expensive location may not be an idea for you. In fact, the location of the condo will determine how far you walk to various places. For instance, some condo locations mean that you will need to walk long distances to everything, restaurants, shopping, and bay. Also, some condos are considered to be noisier as compared to others. The noise can emanate from traffic, airplane noise, traffic, and people.

Micro-location

This refers to a location within a building and direction the condo faces. You will realize that street facing condos have a good view as compared to the courtyard facing units. Some will get more sun during the winter and others cooler inside. Some condo owners want to be near amenities such as entertainment room, pool, and building. However, remember that the view means you will have to pay a lot.

Views

It is advisable to purchase a condo that has great views. In fact, this is one of the things potential buyers consider. You need a condo that offers you a premium view of Toronto. Moreover, when reselling a condo that has a great view, it becomes easy to get potential buyers.

Future construction

It is unfortunate to buy a great condo with spectacular views only to lose the view to the future construction. The good thing about Toronto is that you can know what is going to be built next; as the government must approve it.condo toronto

Mix of condos

Usually, condo buyers want condos that are spacious and with great views. There are various reasons people decide to purchase a particular building on the lower floors. If you are planning to live with your family or friends in the condo, you will need to purchase a larger one. If you take a smaller condo, then it is going to be difficult to trade.…

The heart of downtown Toronto is on the verge of realizing massive transformation in its skyline. If you have been following the real estate trends in this part of the country, you should be expecting to see new housing facilities coming up. One major development that caught headlights and ignited lots of interests from potential homeowners and investors is YSL condos created by Cresford Developments. The main attraction besides the design and floor plans is location.

YSL Condos – What makes them attractive?

large condo

Cresford Development Company has a reputation of building properties in premium locations. This is one of the main reason behind its success in Canadian real estate. Some of its previous projects that have created a mark in real estate include the glamorous Yorkville and the Bay Yonge corridor. All these locations are highly regarded thanks to their excellent walk and transit scores.

Their premium locations are one among many strengths associated with these properties. The design and floor plans of various amenities have attracted market leaders in the cosmetic industry, restaurants, and high fashion labels. In a way, these properties have consistently surprised many by surpassing investor expectations.

Marketing expertise is one of the main strengths demonstrated by Cresford Development. Since they have been this industry for quite some time, it gives them an edge over other developers considering that they have a clear picture of what their markets wants. As a result, they can come up with exactly what their target market is looking for. This includes the clear and professional floor plans along with near-perfect interior designs.

Reasons to buy YSL condominiums

condo 2There are many reasons to get yourself at a unit at YSL condos. First, this facility has a 100/100 walk sore, meaning that virtually everything is accessible to its residents. Secondly, if you intend to buy a unit for investment reasons, this condominium is located to iconic universities and a vast working population within a radius of 1KM, which makes it rentable. Finally, it is accessible considering that both the College and Dundas Subway Station are a five-minute walk away.

YSL Condos – Coming soon

In case you are considering buying a unit in the YSL condos, you should start making arrangements early enough. The Cresford brand is known to deliver quality. Thus, expect competitive rates especially when the construction phase is complete. To be on the safe side, book early considering that these developers keep potential investors on everything and provide them with constant quality assurances.…

If you are thinking about investing in real estate in Toronto, then you there are certain questions that you may have. It is good to be knowledgeable before investing. Here are the most frequently asked questions about Toronto real estate.

What should I know about home inspections?

If you are looking for a home or you are listing, then there are two inspections that you will encounter.  There are the pre-list inspection and home inspection where the inspector does for the inspection on your behalf.

When is it best to buy property in Toronto?

property The best months to purchase a house are in January and December. In these months, you can get houses at cheaper costs. During this time, there are not many buyers who are looking for houses.  Houses that are placed for sale in December are often overlooked because of the holiday season.

What is the average down payment on the property in Toronto?

No average down payment is required. It is all about what you can afford.  If you have saved 20% of the mortgage, then you will not need insurance premiums. However, if your savings is less than 20%, then you will require insurance premiums.

What is the average time for home closing?

There are 30, 60 or 90 days.  It all depends on people who are involved.  Certain conditions like stats certificate, the inspection will delay the home closing process.  You can talk to other real estate agents since they will help you sell the property fast.

Is it possible to buy a property without a real estate agent?

Yes, it is possible to buy a home without any real estate agent.  You can get help from a lawyer.  However, using a real estate agent will make the process easier. Hiring a real estate agent will help you save both time and money.

Who is responsible for paying the transfer tax?

It is the buyer who will pay the land transfer tax.  In Toronto, buyers are also required to pay the municipal land transfer tax.

How much do the legal fees cost?

legal feesLegal fees are categorised into two types; disbursements and the amount you will be paying the lawyer.  The amount paid to the lawyer depends on how complicated it is to clear the title. The disbursements are fees that the lawyer will pay on your behalf. Such fees are photocopying, courier, and land transfer fees.

When it comes to selling land in Toronto, you need to get the best price in the market. The only way you can do this is by considering certain factors to help you get the best offer.

If you are qualified, then you can get the help from an agent. If you decide to go it alone, then you should continue reading, there is no need to worry. Here are tips to help you not only sell your land faster but also to get it at the best price.

Pricing

pricing You should set the price just right. It should not be too high or too low. You can ask around or check online to find out how much such land goes for. It is not easy to estimate the price of land like you would in-house.

However, you need to estimate the best possible price. The last thing that you want is to have a highly priced land with no buyers. It could take a long time.

Get the land ready

Just in the same way you would want to prepare your house before selling it, you need to prepare the land too. Make sure that the grass is cut to make it appealing. In doing this, you will get many interested buyers and increase your chances of selling the property. You should also mark your boundaries on the land so that it is clear to the buyer.

Financing

Most buyers do not have ready cash to buy the land all at once. They would also not find a loan to buy land that easy. You can offer buyers with owner financing to enable them paying slowly in a given time. You can give them flexibility in payment. You will no doubt increase your chances of getting a potential buyer.

Understand the buyer

You need to be in the shoes of the buyer. You will be equipped with all the questions that the buyer may have and thus have the answers ready. Knowing the buyer will help you streamline your land to meet their needs.

Be patient

patient Patience is needed when you are selling land. No doubt will take time to sell. It is not like selling a house which does not take a long time.

It is very tricky to sell vacant land, and you need to be equipped with a few tips to help you make a sale within a short time.