Buying a brand new condo has more advantages than just convenient amenities. Buying from a new-home builder, your investment is strongly secured by a warranty program (called Tarion). This will protect your deposit prior to the condo being built. It also presents protection against unauthorized substitutions, delay closings, defects in work and materials and occupancies after the home is built.
If you’re thinking of buying homes, new housing prices are exceptionally competitive around this time accompanying low interest rates. Get an opinion from your bank or mortgage broker on what good rates they are able to get you.
Since there are no guarantees on what price value your home will be futuristically, it’s a good idea to ask new home buyers what their home is worth now. Homes with amenities close by i.e. transit, schools and shopping centers, there has been a stable increase in price. It’s a good idea to do your homework on the area you are targeting to be your new home.