You’re loose on the Toronto housing market and unsure what option makes sense? When considering what kind of home to buy, it’s worth keeping the benefits of condo life in mind!
For starters, condo fees usually include maintenance, which means expensive repair bills are kept at bay. You can also avoid the high property taxes associated with detached homes, because you’re mostly paying for the living space and not an entire lot.
And for first-time buyers or those with a limited budget, straight-up prices matter too. According to the Toronto Real Estate Board, the benchmark price of an apartment in Toronto in June 2016 was $365,900, versus $760,300 for a single-family detached house. Prices can vary greatly depending on location and features, but this shows a pretty big divide in the market.
Yet the benefits go way beyond number crunching. Everybody’s busy these days, and condos address that. They are often built with people’s real-life needs in mind: the young professional on the go or the retiree who’s done with mowing lawns and clearing snow.
Security is also an important factor for many, single women among them. Most condos have access cards or front desk security to give you that invaluable peace of mind.
While many condominiums offer underground parking to increase security for vehicle-owners, they’re also well-suited to commuters without cars, since they’re usually constructed near public transit lines, restaurants, and shopping.
Whether you’re looking at Mimico or Hamilton Stanton Renaissance has an incredible selection of green, modern condominiums to meet your needs!