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 22, 2008 / by Andrew la Fleur /Insights, News
Interesting article in today’s Globe and Mail about more anecdotal and factual evidence that the Toronto resale market is slowing down. Agents are starting to see conditional offers more and more, negotiations are actually taking place, and sellers who price their property too high are getting a rude wake-up call to the new realities of […]
When you enter into a new condo sales office, the first thing the pretty girl behind the desk will say to you is “Have you been here before? / Can I get you to sign in? / Have you registered with us yet?”. Hmmm…you’ve got to ask yourself why they are so quick and in-your-face […]
I would love to paint a picture for my readers and clients that buying a new, pre-construction condo at a VIP sales event is a simple and straight-forward process where if you have money and are ready to spend it, you get exactly what you want when you want it. Unfortunately this is not always […]
When you buy a new condo in Ontario, you have 10 days after you receive your copy of the executed agreement of purchase and sale and the condominium documents to rescind on your agreement if you choose to do so. This can be for any reason whatsoever, technically you do not even have to provide […]
Around this time last year I predicted 2009 was going to be the year of the assignment. I was wrong. While assignments did begin to take a greater role in the overall Toronto condo market, they still have not gone ‘mainstream’. Quite frankly, this method of buying and selling real estate will probably never go […]
The model suite is built and designed to entice the senses and ignite the imagination. Developers know that they only have a few seconds to grab a potential buyer’s attention and make them feel like they want to move into the condo immediately. In order to achieve this result, developers have long been using several […]
So you just bought a pre-construction condo. Well, you haven’t actually bought anything yet, you’ve just signed the paperwork, dropped off a deposit cheque, and your 10-day cooling off period has begun. You hired a good buyer’s agent to represent you, therefore you already know that it is imperative to have a lawyer review your […]
There has been such a crush of new condo launches in the past 6 weeks that developers are now actually being forced to compete with each other for buyers! Who’da thunk it! There have been so many launches (or at least soft launches to the Realtor community), representing thousands of units of inventory that even […]
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
Toronto Resale Market Slows; New Developments to Follow?
August 22, 2008 / by Andrew la Fleur / Insights, News
Interesting article in today’s Globe and Mail about more anecdotal and factual evidence that the Toronto resale market is slowing down. Agents are starting to see conditional offers more and more, negotiations are actually taking place, and sellers who price their property too high are getting a rude wake-up call to the new realities of […]
Read more
Protect Yourself: Never ‘Register’ With a Developer
August 24, 2009 / by Andrew la Fleur / Insights
When you enter into a new condo sales office, the first thing the pretty girl behind the desk will say to you is “Have you been here before? / Can I get you to sign in? / Have you registered with us yet?”. Hmmm…you’ve got to ask yourself why they are so quick and in-your-face […]
Read more
Prepare to be Disappointed
September 21, 2009 / by Andrew la Fleur / Insights
I would love to paint a picture for my readers and clients that buying a new, pre-construction condo at a VIP sales event is a simple and straight-forward process where if you have money and are ready to spend it, you get exactly what you want when you want it. Unfortunately this is not always […]
Read more
10 Days is a Long Time To Think
December 4, 2009 / by Andrew la Fleur / Insights
When you buy a new condo in Ontario, you have 10 days after you receive your copy of the executed agreement of purchase and sale and the condominium documents to rescind on your agreement if you choose to do so. This can be for any reason whatsoever, technically you do not even have to provide […]
Read more
Why No One is Buying Your Assignment
January 29, 2010 / by Andrew la Fleur / Insights
Around this time last year I predicted 2009 was going to be the year of the assignment. I was wrong. While assignments did begin to take a greater role in the overall Toronto condo market, they still have not gone ‘mainstream’. Quite frankly, this method of buying and selling real estate will probably never go […]
Read more
5 Things Every Buyer Should Know about Model Suites
May 27, 2010 / by Andrew la Fleur / Insights
The model suite is built and designed to entice the senses and ignite the imagination. Developers know that they only have a few seconds to grab a potential buyer’s attention and make them feel like they want to move into the condo immediately. In order to achieve this result, developers have long been using several […]
Read more
6 Things Your Lawyer Should Advise You On During Your 10 Day Cooling Off Period
October 13, 2010 / by Andrew la Fleur / Insights
So you just bought a pre-construction condo. Well, you haven’t actually bought anything yet, you’ve just signed the paperwork, dropped off a deposit cheque, and your 10-day cooling off period has begun. You hired a good buyer’s agent to represent you, therefore you already know that it is imperative to have a lawyer review your […]
Read more
Developers Rolling Out Incentives
October 28, 2010 / by Andrew la Fleur / Insights
There has been such a crush of new condo launches in the past 6 weeks that developers are now actually being forced to compete with each other for buyers! Who’da thunk it! There have been so many launches (or at least soft launches to the Realtor community), representing thousands of units of inventory that even […]
Read more