Pre-construction Homes
Pre-construction homes are very popular among real estate buyers thanks to the amazing perks and benefits they can offer. Toronto is an excellent city with not only economic opportunities galore, but the real estate industry is just as diverse and attractive! New townhomes in Toronto that have been just freshly built or are still in preconstruction are scattered across the city in various neighborhoods.
Our Areas Of Expertise
Pre-Construction
Along with the word ‘pre-construction’ comes a heavy amount of interest from realtors working on behalf of home buyers & investors… learn more
Representing Buyers
If you’ve started looking for a home – and a real estate professional to assist you – your buyer’s representative may ask you to sign a BRA.
Investment
We explain the different options for investing in Toronto real estate and the reasons real estate can be a good investment, especially in the long-term Learn more
When you’re on the market for a pre-construction condominium unit, you will almost always be given an assignment clause in the form of a contract.
Did You Know This About Pre-construction Townhomes?
A current trend in the condominium market is how developers and architects are designing their modernistic & urbanistic high-rises with gorgeous townhomes at their base on street level, acting like powerful podiums with exquisite condo buildings rising from them! Of course, the townhome owners are permitted to use some of the condominium’s amenities such as outdoor green spaces (big perk!).
Some newer pre-construction homes developments to keep an eye on are:
~ W Towns
~ Danforth Square
~ 35 Wabash
~ 169-175 Jones Ave
~ Briar Hill City Towns
~ The New Lawrence Heights
~ The Clarkson Urban Towns
~ Midtowns on The Subway
~ Humberwood Heights Townhome Residences
~ Eleven 11 Clarkson Towns
~ The VIC Towns
~ The Way Urban Towns
~ The Mackenzie Towns
~ Downsview Park Towns
~ Elgin East Condos
~ Parkside Towns at Saturday In Downsview Park
~ Winlock Towns
~ Nova Urban Towns
Pick A Place For Your Home:
The best way to narrow down your MLS search for new pre-construction homes in Toronto is to choose which areas of this great city would suit you, your spouse/significant other, and your kids (if you have any). Each neighborhood within Toronto has a varying ‘flavor’ that distinctly sets it apart from other neighborhoods, such as the districts like the entertainment district, the fashion district, the financial district or the distillery district. Outside of the more known districts is the Waterfront, North York, Scarborough, Mississauga, Thornhill, Richmond Hill, York, Markham, Etobicoke & Vaughan, just to name a few.
Once you have narrowed down the areas of Toronto that appeal to you as a buyer, it would be a great strategy to recruit a real estate agent or realty broker to help you even further in your search. Sometimes, Real estate agents & brokers have the inside scoop on some properties that may not be commonly known.
Having a representative to sell your property
Buyers usually also have representatives in the form of real estate brokers, so if you’re ever worried about that, you do not need to be; real estate brokers can be tough with each other at times, but you can be assured that the one you have representing your sale will make sure that the asking price is firm, and that the buyer’s representative won’t try to undercut your price with any sort of “counter-offer”, as they want to see things go well.
However, despite everything, a buyer (especially the ideal one) won’t WANT to do anything to threaten their purchase of your home, especially if they greatly desire it. Thus, the buyer does not usually cause any problems and, much like yourself, endeavors to see the purchase of your home for sale go as smoothly as possible. The real estate brokers on both sides are there to further ensure this process is a transition with minimal to no problems at all, and when all is said and done, you will have the money in your hands to look at investing in a new home (which you can do with the help of a real estate broker as well).
Things To Consider Buying Pre-Construction Home:
Yes, newer townhome developments may have a higher price tag then older townhouses but consider for a moment that being an owner of a townhome means you are required to perform all the indoor and outdoor care for it. If purchasing an older townhouse, you may encounter needed repairs, updates on heating systems, roof repairs, and so on. A newer townhome would most likely be in a good state, so no major work upfront.
Buying a new pre-construction home is one of the biggest decisions that people make throughout their lives, so why not gain access to the expertise of a professional realtor or real estate agent to assist you along the way?
Innovation In Pre-construction Homes
The last points I would like to make known to you are, for one, the reserve funds; if an emergency ever arose with the assignment condominium, there is a nest egg to fall back on, which you contribute to at the closing by paying at least 2 months’ worth of condo management fees towards. The second point is sales taxes: if you are the legal occupier of the condo unit, then you could be eligible for HST rebates on the price you paid to buy the unit. If that is the case, it’s highly recommended you get legal advice regarding the rebates, and I will be able to get you in touch with the best people who can help you with that and get you the rebates without any unpleasant surprises.
Realistic Realty Of Home Buying:
When having a real estate professional on hand, you can narrow down your townhome search to properties that fit you and your expectations. Real estate specialists know how to take your criteria and find you matches that are worth your time viewing and stay within your budget.