Why Condominiums are the Best Boost for Real Estate in Canada


Many condominiums, or condos as they are commonly known, have been coming up in Canada in the recent years. The area that has shown the significant boost in Toronto as much as other towns and cities are also getting their share. According to 1 Yonge condos experts and investors, there are various reasons why Canada is getting such attention in the building of these units. It is not just a coincidence that the growth rate of condos is much higher than any other housing plan. So, why are the condos a significant boost to the real estate in Canada?

Condos are relatively cheap to construct

condosIf you look at each mega project of a whole condo, you may get discouraged to invest your money. However, real estate experts do not hesitate to say that the cost of each unit in a condo is far much cheaper than a stand-alone unit. Therefore, they contribute to the sustainable economy in many ways. Imagine over a hundred units sharing a small piece of land? Imagine the cost saved by sharing of amenities. Canadians are keen to embrace this kind of housing.

Condos have a ready market

Most condos in Toronto are usually booked for purchase and lease before completion. The investing companies usually advertise them early enough where buyers can choose as early as during a floor plan. With such kind of assured market, the large investors are not afraid to contribute finances. At the end of the day, the country at large moves forward economically and in terms of development. If you are planning to buy a unit in a condo, you had better start looking early. Most of those you see standing across Toronto are fully booked.

Condos offer great amenities

The imagination of living in a unit where you can access various amenities within makes people want condos more. Most of them have shared swimming pools, serviced units, ATMs, restaurants and a gym among many others. They also offer ample parking for each unit and enough security. All this is in addition to the fact that they are usually in the city where you can access other amenities quickly. Such kind of housing planning is an excellent boost to the real estate in the country.

Condos generate tax

Whether they are sold or leased out, these housing units generate tax to the government. The real estate tax system is well organized in Canada so that it can benefit the whole country. Foreign investors have nothing to fear as the country welcomes them and has a favorable taxation process for them. This, in turn, boosts the real estate industry as more investors feel safe to invest and also grows the economy at large.

There is beautiful competition

Toronto, to be specific, seems to be in some kind of real estate competition. The many real estate firms are going to the best architect and engineers to build iconic condos that are not only amazing but boosts the beauty of the city. Apart from building new units, they are also renovating the old buildings to match the new trend.…

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Choosing a real estate agent

Home keys

The process of buying a home in Toronto can be a bit complex, especially to those who have little or no experience in dealing with real estate. You have to deal with house hunting, negotiations, legal documentation, and many other things. Any mistake that you make during the process can end up costing you quite a lot. To make the entire process easier and avoid making any mistakes, you should consider hiring a real estate agent. Make sure that you choose the most suitable agent for your particular needs to get the best services. Some of the top considerations to make, which will guide you to choosing the best agent, are highlighted below.

Top factors to consider


There are many real estate agents spread across Toronto. Some of them have been in the business for decades while others have just been trying it out for a few weeks or months. It is important that you always choose one with many years of experience if you desire to get the best deal. Experts recommend those with a minimum of five years of experience. They will have more knowledge and skills garnered over the years, which will be put to good use in getting you a dream deal. The experienced agents may charge a little more expensive compared to the newbies, but the services are usually worth the money.


thumbs upMost homebuyers nowadays check the personality of the real estate agents as well. You should choose someone who is pleasant to work with. The agent should be able to communicate everything in a clear way that you can easily comprehend. He should also be eager to get you a good deal and show readiness to deliver. Good negotiation skills will also come in handy in fetching you the best prices.


You should also factor in where the agent is based. Always go for an agent who is based close to the area where the property that is of interest is located. The main reason for this is that he will have deeper knowledge and understanding of his local market, which puts him in a great position to find great deals. It will also work better with your schedule. For example, if you are looking to buy a property, you will not have to wait for the agent to travel long distances to come and show you the property that you are interested in.…

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