New Pre-Construction Condos
Be the first to discover exceptional living spaces meticulously planned with your comfort, convenience, and lifestyle in mind. Your opportunity to invest early in a one-of-a-kind residential experience.
Starting $600,00s
10/10 transit score. Mesmerising views of downtown Toronto, this is a must invest for city dwellers. Surrounded by lifestyle amenities.
Starting $600,00s
Starting From Low $500,00s
Newest 45-storey condo project with three residential towers, hotel, arts centre, and expansive library. Investor-friendly pricing.
Real estate investments are often the safest and most reliable. Most of these investments pay for themselves, if they are eligible to be rented, while you build equity. Unlike resale, pre-construction condos in Ontario and Alberta come with a lower price tag, modern amenities, and brand new appliances. This affordability, combined with the advantage of a gradual payment plan, spreads out the financial commitment, making it more manageable over time, especially for young home buyers.
New construction condos in Canada are not only built to the latest standards, ensuring modern living, but they also incorporate the newest technology and design trends. Also, new condos come with warranties, like the Tarion Warranty in Ontario, which protect you against problems with construction quality and future maintenance issues.
Selecting a unit in the early stages of a project opens up a range of choices and builder incentives like discounted parking, discounted storage units, and free assignment.
One of the biggest perks of spaced out deposit payments. Typically for pre-construction condos, the deposit structure involves a series of payments totaling a percentage of the purchase price, spread over a set period. Initially, a small percentage is paid upon signing the agreement. This is followed by subsequent payments, often staged at intervals like 30, 90, 180 days, and at the one-year mark. Your last deposit is due at move-in, which is typically 5% for condo projects in GTA. The total deposit usually ranges between 15% to 20% of the purchase price, depending on the developer and location.
If you’ve been thinking how risky pre-construction condos are, you have nothing to worry about. Only 5% of pre-construction projects in the Greater Toronto Area get canceled. When that happens, the builder will return you the deposit back with interest within 10 working days.
Investing in pre-construction condos is attractive because their value often goes up during the building phase. Market trends and the rising demand for new properties contribute to this, which makes selling new condo units even before move-in hassle-free.
Currently, new 1-bed, 1-bath condos across GTA mainly in Toronto, Mississauga, Oakville, and Markham start around $600,000. On average, it costs $1,411 per square foot and these condos range between 500-650 sq ft. (November 2023). If you are to purchase a resale 1-bed, 1-bath condo, it will cost you around $716,145.
Meet Catherine Nacar, a seasoned professional with a deep-rooted passion for pre-construction real estate in Canada. With a solid academic background in Real Estate Management and several years of experience in the industry, Catherine combines formal education with practical experience to offer a well-rounded service.
Having worked closely with some of Canada’s top developers and architects, Catherine provides clients with invaluable insights into upcoming projects. This isn’t just about making a sale; it’s about helping you make informed decisions so you can invest with confidence.
From Toronto and Mississauga to Calgary, Catherine has successfully brokered deals across a wide variety of properties—be it chic boutique condos or expansive multi-family developments. With such a diverse range of projects under their belt, you can feel secure knowing Catherine has the expertise to meet your unique needs.
Investing in a pre-construction condo allows you to secure a favorable price before construction even begins. As the property appreciates in value, your investment grows too, offering you the option to sell upon completion for potential profit.
From layout choices to finish upgrades, you have the creative freedom to make the space truly your own. Plus, certain developers sweeten the deal with decor dollars, giving you added flexibility to modify specific design elements.
Many developers provide the advantage of flexible payment plans, requiring only a modest initial down payment. These structured deposits typically range from 10-20% of the property's total value and can be spread out over a 2-5 year period, making financial planning more manageable.
With a locked-in unit, you're not just buying real estate, you're also buying the opportunity to plan your next steps carefully. Whether you intend to make it your personal residence or are considering renting it out for passive income, you have ample time to explore your options.
Let Catherine Nacar assist you throughout the whole process.
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