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Purchasing a Condo

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Buying a New Condo Vs. An Old Condo in Toronto

Author: 
Toronto Realty Boutique
Publication date:
November 30, 2022
Article Summary: 

The article discusses the advantages and disadvantages of buying an old or a new condo in Toronto. While an older condo might offer larger floor plans, the opportunity to add value through renovation, and a warm homey feeling with owner-occupied suites, maintenance fees might be higher than expected. On the other hand, new condos offer built-in equity and customization of finishes. However, some developers charge future value for condos. The article also highlights DNA 1 @ 1 Shaw Street, King West, as TRB’s top pick for buying in an older building in Toronto.

Keywords: 

buying priorities, larger floor plans, renovation, maintenance fees, status certificate, pre-construction, built-in equity, customization.



Source Citation: 
Toronto Realty Boutique
Buying a New Condo Vs. An Old Condo in Toronto
November 30, 2022
https://torontorealtyboutique.com/buying-a-new-condo-vs-an-old-condo-in-toronto/
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