Ultimate Guide When Purchasing Condos in Toronto

Condos are becoming popular in Toronto and other major cities in Canada. Of the homes that are under construction, the condos make the majority. Many people living in Toronto prefer condos because they are far way cheaper as compared to the single-family homes.

People live in condos for various purposes. They are those who feel it is fashionable to live in such apartments whereas the vast majority love condos because they are affordable. This article highlights the various things when purchasing condos in Toronto.

Resale versus new build

resale One of the choices that you might be required to make when purchasing condos in Toronto are selecting between resale and the new build. You need to evaluate the various factors before deciding the best option for you. We have specific circumstances when purchasing the new build is far much cheaper than buying an older condo. However, this trend has changed today with most of the new condos costing significantly more than the older ones.


The size of the condo is critical when you are purchasing one. Consider the number of family members and the activities that you would like to perform in your condo. This will inform whether you need large space or limited space. However, you should note that the larger space, the more expensive the condo. If it is family residence also consider the future generations. Bear in mind that the property will be passed from one generation to another and should, therefore, take care of the future interests as well.


gymThe amenities are another critical thing to look for when you are purchasing the condos. Some of the amenities that are found in condos include the gym, swimming pool, and playing ground for children.

If you love privacy, you may not want to purchase a condo in an area where these amenities are being shared. Sharing amenities is quite cheap since every condo owner will contribute towards the service.

Older buildings

If you want sufficient space as far as condo is concerned then go for the older buildings. Older buildings have sufficient plans as compared to the newer buildings. You could get the older designs but the best when it comes to value.


Pitfalls to Avoid When Buying Land in Toronto

You should be careful whether you are purchasing land for investment purposes or you looking for a place to build your home. You need to know that when it comes to the buying and selling of land in Toronto, there are cons who want to reap where they never sow. You can, however, cut them off completely, but putting specific measures in place. Let us look at some of the pitfalls to avoid when purchasing land in Toronto.

Stick to your plans

landMake sure that you have a plan before you buy land. Carefully go through the various covenants, zoning, and other restrictions before purchasing land. There is some land that is classified for agricultural use whereas others are classified for residential purposes. Make sure that you get as much information as you require before buying the land. Get information about the restrictions and determine whether or not the limits will derail your plans.

Historical and environmental conditions

You should also learn about the historical and environmental conditions of the place that you want to buy land. If an environmental survey has not been done in the area for a long time, consider doing your research. You should also tread carefully because when it comes to raw, it may be as result of the endangered species. Be on the lookout not to purchase archaeological sites or protected areas like the national parks. Look at the proximity to things like cemeteries since it may give you nightmares especially at night.

Land survey

Kindly note that for you to confirm your lot lines and acreage, you will need to conduct a land survey and obtain insurance for the same. Do not rely on the legal description that is typically cited on the title deed of the seller. You should always consider the up-to-date surveys since the lot lines, and acreage is usually subject to change because of various factors. The change could either have happened ten decades ago or recently. Using the up-to-date survey will help you get your acreage in order.

Logging and mineral rights

rights Another pitfall to avoid when buying land is avoiding areas that have the logging and mineral rights unless you have alternative usage. As a land investor, you may be interested in logging or using your piece of land for mining purposes. Make sure that you can enjoy the exclusive rights that you want to use your land for.