5 Reasons why now is the best time to invest in pre-construction condos


Reason #1 - Low interest rates: With interest rates remaining low, it makes it more affordable for buyers to finance a pre-construction condo purchase. Plus, your deposit payments are extended and you don’t have to come up with a mortgage until the project is complete, which can be 3-5 years down the line.
Reason #2 - Increasing demand: As the economy continues to recover from the pandemic and as a record number of immigrants come to Canada, there will be an increasing demand for housing, which will drive up prices in the future. Buying a pre-construction condo now will help you lock in a lower price.
Reason #3 - Buyers Market: Lots of great developments to choose from. With many new developments in the planning and construction stage, there are more options available for buyers to choose from, which increases your chance of finding a pre-construction condo that fits your needs and preferences.
Reason #4 - Limited Time Incentives: Many developers are offering incentives we have not seen before (including right to assign, capped development charges, extended deposit structures, etc).
Reason #5 - Potential for appreciation: Pre-construction condos are often sold at a lower price than condos that are already built, so buyers have an opportunity to purchase a condo at a lower price and see appreciation in value as the condo is completed and the market value increases. And when it is all done you get to move into a new condo which you secured at yesteryear prices.
Email us at info@NewCondosToronto.ca or call 647-464-0288 to speak to an expert.

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