Posts tagged Condo
Strong start to 2019 | January Market Stats for Toronto

It's already looking like 2019 is going to be another strong year for the real estate market in Toronto!

Continuing off of last year's trends, we are seeing the condo sector remain extremely strong as it is the first point of access for many first-time buyers & investors who are still feeling the effects of the mortgage stress-tests brought in.

The average price for a condo in the City of Toronto has now reached almost $595,000 with most “entry-level” condos now starting in the $450K range!

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$1200 Per Sq. Ft?! What You Need to Know Before Buying a LUXURY Condo

With One Yonge St being the latest luxury condo to be released in the city, we take a look at how to make sure that investment you're making is actually worthwhile!

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Are You Ready to Be A Home Owner?

This is a critical question that every first-time buyer should ask themselves before starting the home buying process as it can have a big impact on your lifestyle & finances!

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Living BIG in a TINY Condo

With the average condo now selling for over $550,000 in the Downtown Core, it's about time that Toronto starts implementing more Tiny Condo & Home options for those willing to take on this different living style!

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Who is The OneWheel Realtor?

Rylie Cook aka The OneWheel Realtor is a Downtown Toronto-based Sales Representative who specializes in condo living & helping first-time buyers & investors with their purchase!

Easily spotted on his signature OneWheel board zipping through the streets of Toronto en-route to showings, this isn't any normal real estate agent!

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How to Avoid a Special Assessment in Your Toronto Condo

The words “special assessment” bring goosebumps to many condo owners & with good reason! These additional fees can appear to come out of nowhere if you don’t approach your condo purchase properly & do your homework on the building!

A special assessment occurs when there are repairs that need to made to a condo building but the existing reserve fund doesn’t have enough cash on hand to cover the expense. As a result, owners are left with an additional lump sum that they must pay to cover the costs.

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How Walkable is Your Downtown Condo?

As traffic congestion worsens & TTC service continues to be undependable, more & more people are choosing to walk as their main form of transportation

It might not come as a surprise, but Toronto’s downtown core is home to some of the most walkable neighbourhoods in all of Canada & new construction developers are taking note of this sweeping change

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What Is “Exclusive Use” In A Toronto Condo?

When buying a condo, you will get inundated with a ton of new terms that relate to the ownership, rules & regulations of the building, many of which you probably have never heard before! 

One of these elusive terms used is “Exclusive Use”. This refers to the exclusive use common elements, which are elements only used by you while not actually being owned by you. 

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What Does Your Condo Declaration Mean?

If you own a condo, your Condo Declaration is one of the most important documents that you need to review as it contains all of the information regarding your suite & the building itself

Things like the boundaries of your condo suite & rules regarding pets, noise and what changes can be made to the unit with regards to physical alterations are outlined.

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Did You Know Toronto Condo Fees Can Increase?

While most buyers know about the monthly maintenance fees you have to pay as a condo owner, many are unaware of the fact that these condo fees can increase at any time!

These fees are typically based on a monthly amount which you can easily budget for, however should the building need repairs or have to pay for a lawsuit, you can end up with an additional cost that can be hard to predict!

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