Let's Not Panic About Today's Condo Market

31 October 2012
Remax-Condos-Plus

Many of you are concerned about the slowdown in our market – particularly condos. Those who have been in the business for a considerable period of time would describe this as a pause! For those who have been with us for over a decade, you can recall a number of pauses – this market has not been going up unstopped for the last twelve years.


What They Don't Tell you About Getting a Mortgage for a New Rental Condo

24 October 2012
Remax-Condos-Plus

Everyone gets excited when they buy a new condo from a developer on day one. Over the next few years it appreciates nicely. Now you are ready to close and rent it out. You apply for a mortgage and then the fun begins!


Good Debt VS Bad Dept. Part ll: The Fallicy of 162

24 October 2012
Remax-Condos-Plus

The first part of our Blog pointed out the key difference between Good Debt and Bad. Good debt is that which produces an income or is used to purchase an asset that will appreciate over time. For example: borrowing money to invest in stocks, a business, and real estate


Why is it Hard to Find a 3-Bedroom Condo in Downtown Toronto?

10 October 2012
Remax-Condos-Plus

The problem in finding a three bedroom condo for owners starts at the pre-construction development stage. The lead time in Toronto, from pre-construction sales, through actually building the condo project, to Occupancy, and finally Registration with a mortgage is four years!

  Buyers