Pre-Construction Condos, Toronto
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When it comes to pre-construction condos, Toronto offers a booming real estate market. In addition to being Ontario’s capital, Toronto is the financial centre of the country, a bustling area for business and the city of choice for many immigrants coming into Canada. All of this helps to make Toronto a vibrant city which naturally makes the demand for pre-construction condos in Toronto quite high.
And Toronto keeps growing. New pre-construction projects in the city are regularly being announced. So if you are looking to buy a pre-construction condo in Toronto, there is no time like the present. The experienced brokers from PreCon Club can help you review preconstruction condos and choose the project that is right for you to invest in.
The Toronto Condo Market
Is it any wonder that preconstruction condos in Toronto are so desirable? Condo buyers have plenty of options from high rise condos with spectacular views of the city or Lake Ontario as well as plenty of low-rise options and townhomes in the heart of the downtown.
Additionally, condo dwellers enjoy a plethora of amenities such as security services, outdoor terraces, and swimming pools.
Some buyers purchase preconstruction condos as an investment. They are able to rent out their units in order to cover the mortgage payments while equity quickly grows from their investment.
Finding the right preconstruction project in Toronto
If you have decided to purchase a preconstruction project, you know you have plenty of options. The key is to find the right option for you. This begins with considering both the developer and the location.
From Hollywood North to Hogtown, you’ll find amazing skyscraper condominium buildings that are ideal for enjoying the Toronto skyline. Numerous luxury condominiums are being built in this area. Closer to the Joseph’s Health Centre, you will find other preconstruction projects such as Artistry condos and United bldg condos.
Is a preconstruction condo a good investment?
In most cases, yes. At the preconstruction stage, the average cost per square foot for a condo unit is $1050. Meanwhile, the average resale price for a condo in Toronto is about $986,085.
It is important however to note that purchasing a condo in the preconstruction phase works a little differently than a built condo. A key to a successful purchase that you will be happy with is to work with an experienced broker who can help you each step of the way.
Preconstruction projects in Toronto
If you are looking to buy a preconstruction condo in Toronto, there are many notable projects worth considering including the Frederick condos being developed by Camrost Felcorp as well as the Alias condos by Madison Group to name just a few.
By working with PreCon Club, we can offer you instant updates on preconstruction condo projects including prices and details of any new projects in Toronto, Richmond Hills, North York and other desirable areas.
Contact us today to speak to one of our brokers. Once we have an idea of the type of project you are looking for, we can send you alerts so that you will be among the first to hear of these new projects.
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Main Location
- 7620 Yonge St #400, Thornhill, ON L4J 1V9
- Hanna Son (647) 539-8808
- ask@preconclub.com
Schedule an Appt with Us!
Schedule an appointment with us, and we can go through the pre-construction process from the beginning (purchase) to the end (closing).
We offer our clients EXTRA incentives that are EXCLUSIVE to PRECONCLUB; ask us for details!
Prior to the launch of a project, or when our clients are thinking about, or ready to invest/purchase in preconstruction, many of our clients find it beneficial to set up an appointment to meet or speak with us. This way, we can discuss your needs, wants, and answer any and all questions you may have.
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