Not a very sexy post title I know, but just because you are buying a pre-construction condo in Toronto doesn’t mean that you can avoid the world of traditional mortgages. Normally when you buy a pre-construction condo you have to put down a series of deposits to secure your suite with the developer. How much […]
As I talked about in my previous post, understanding deposit structures and mortgage approvals is essential to purchasing a new condo from a developer in Toronto. However, what do you do when you can get the funds for the deposits, but you run into trouble when it comes to securing mortgage preapprovals? This can occur […]
August 26, 2008 / by Andrew la Fleur /Insights, News
When it comes to real estate statistics, I always take everything with a grain of salt. Fact is, most real estate statistics are compiled and released for general media consumption by the real estate industry: Real Estate Boards, CMHC, Real Estate Marketing companies, Realtors, Lenders, etc. They have a vested interest in a robust housing […]
Greed is bad. Greed distorts reality and greed in the condo market hurts both buyers and sellers, consumers and developers. Recently I’ve noticed some signs of greed finding its way into the downtown condo market. To me, this is a sign the market is about to change as an impending inventory surge in the resale […]
Deposit Structure and Mortgage Approval for Pre-Construction Condos
August 18, 2008 / by Andrew la Fleur / Insights
Not a very sexy post title I know, but just because you are buying a pre-construction condo in Toronto doesn’t mean that you can avoid the world of traditional mortgages. Normally when you buy a pre-construction condo you have to put down a series of deposits to secure your suite with the developer. How much […]
Read more
Mortgage Approvals for Pre-Construction Condos: Part 2
August 19, 2008 / by Andrew la Fleur / Insights
As I talked about in my previous post, understanding deposit structures and mortgage approvals is essential to purchasing a new condo from a developer in Toronto. However, what do you do when you can get the funds for the deposits, but you run into trouble when it comes to securing mortgage preapprovals? This can occur […]
Read more
July Statistics for New Condo Sales
August 26, 2008 / by Andrew la Fleur / Insights, News
When it comes to real estate statistics, I always take everything with a grain of salt. Fact is, most real estate statistics are compiled and released for general media consumption by the real estate industry: Real Estate Boards, CMHC, Real Estate Marketing companies, Realtors, Lenders, etc. They have a vested interest in a robust housing […]
Read more
Greed
March 4, 2010 / by Andrew la Fleur / Insights
Greed is bad. Greed distorts reality and greed in the condo market hurts both buyers and sellers, consumers and developers. Recently I’ve noticed some signs of greed finding its way into the downtown condo market. To me, this is a sign the market is about to change as an impending inventory surge in the resale […]
Read more