Tag Archives: Condo

Buying a New Home in Ontario. A Comprehensive Guide

So you’re thinking about buying a new home?

Buying a new home-Read our guide

Download buying a new home in Ontario – comprehensive guide

One attractive option are buying new houses in suburban areas that offer bigger living spaces. Another option are buying new condos and townhouses in urban centers close to amenities, transportation and entertainment. Many buyers find buying new homes appealing because it gives you the ability to choose custom finishing’s. And let’s not forget everything will be brand new!

This guide will provide you a comprehensive overview about what to consider and how to protect yourself if you are planning to buy a newly built house or condo.

It will show you:

a) what protections you have under Ontario law when buying a new home
b) what overlooked details to check out that can save you thousands of dollars down the road
c) how to avoid paying extra condo fees
and much more!

If you have any questions about buying a new home, house or condo, I’m happy to help. Call Sam Marji, your trusted real estate adviser at 647- 220-9588.

Download buying a new home in Ontario – comprehensive guide

Condo Parking Spot – Key to Resale Value

With land becoming increasingly scarce, a condo parking spot will dramatically increase a condo's resale value

With land becoming increasingly scarce, a condo parking spot will dramatically increase a condo’s resale value

Everybody knows that parking in Toronto has proven to be more of a challenge over the last couple of years. With the population of Toronto increasing annually, parking is simply becoming more of a concern for both commuters and condominium buyers. In a city where parking lots are being purchased every day by real estate developers to build condos, acquiring a parking space and purchasing in a condo building with ample visitor parking is becoming more and more valuable.

If you are in the market to purchase a Toronto Condo, an important issue to consider is purchasing a condo parking spot. With parking in the city so scarce, and developers realizing more value in parking, capitalization of this precious piece of land has begun. It is for this reason that purchasers should always attempt to purchase a condo with a parking spot as it dramatically increases the investment value of the unit upon resale.

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What are Your Rights and Responsibilities under Condo Laws?

Every condo has different by-laws and rules - inform yourself so you know how to act and protect yourself

Every condo has different by-laws and rules – inform yourself so you know how to act and protect yourself

Condominiums and the law. You may be wondering how significant this topic may be to you. Well, let me start by saying that if you live in a condominium or plan to purchase a condominium you must abide by the Condominium Act, the condominium declaration, condominium by-laws and the condominium rules. Sounds like a lot? Well it is. The four documents that I mentioned above tell you what are your rights and responsibilities under condo laws.

It comes as no surprise that Mississauga, particularly the Square One area, is home to a plethora of condominium’s. I myself reside in a condo here in the square one area. I have lived in several other condominium’s in my lifetime and let me tell you, they all operate differently.

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