Buying a condo in Toronto is a valuable investment, especially in neighbourhoods near the heart of the city with close proximity to cultural and social activities, excellent restaurants and shopping, dynamic nightlife, and easy commutes to work. Finding your dream condo requires the guidance of an experienced professional who can help you make informed decisions and find the best condo for your lifestyle.

Here are some considerations to reflect on:



Advance Financial Preparations

At least 6 months to a year before you buy your condo, it is advisable to get your finances in order. Obtain your credit report and ensure you correct any errors and pay down your loan and credit card balances, since lenders will look at your income, debts, down payment and credit score.

Determine Your Position

Take the time to analyze if you are ready to become a homeowner. Is your job stable? How much can you afford for a down payment as well as monthly payments, including mortgage, taxes, utilities, etc.? Are your needs going to change in the next few years? Will you need to relocate for work, are you starting a family?


Mortgage Pre-Approval

Ideally, you should pre-qualify for your mortgage so you know exactly how much you can afford and be able to make an immediate offer when you find your dream condo. Pre-approvals will be in writing and include a guaranteed interest rate valid for 90-120 days. Then you can determine the amount of your down payment. The larger the initial deposit, the lower your monthly mortgage payment. Interview mortgage brokers as well as banks to find the most competitive rate and amount. I can provide you with contact information for qualified and reputable lenders if you require.

As Your Real Estate Agent

Knowing the intricacies of condominium contracts, the local neighbourhoods, current market trends, and the reputation of developers and management companies will give you knowledge and insight so that your process is stress-free and you are protected in your investment. There are many benefits to hiring me:

  • Access to the broker’s version of the MLS (the public version has a delay in updates) and private listings
  • Knowledge of the current market value of the condo, so you do not overpay
  • Trained in multiple offer situations and negotiation tactics
  • Well-versed on complex clauses in purchase offers
  • Educate and inform you on all aspects of the closing process

See what additional advantages you receive when you buy your home with me.

Your Future Neighbourhood

Take some time to learn about the neighbourhood, not only for your personal needs but for future resale or rental. Research the local schools, proximity to public transit, and shopping and dining options, as well as nearby parks and recreational activities. Visit the area during different times of the day and on a weekend to get an idea of the traffic and the environment. My neighbourhood guide will provide you with valuable information to help you start your search.

Explore the Amenities

One of the best attributes of living in a condo building is the amenities, such as fitness centres, swimming pools, libraries, guest suites, party and games rooms, car washes and more. Amenities are included in your condo fees, so they should add value to your life.

Do you need someone with my insight and experience to assist you with buying a condo?

Please call me at 416-921-1112, complete the form or email me to get in touch directly.

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