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What’s involved in buying a condo in 2023?

Author: 
Kim Brown
Publication date:
July 20, 2023
Article Summary: 

This article discusses the process of buying a condominium in Toronto in 2023. It highlights the increasing interest in condo purchases due to high rental costs and explains the differences between buying a new condo and a resale condo. The article covers various aspects of the purchasing process, including financing, hiring a lawyer, occupancy fees, land transfer taxes, condo fees, and special assessments. It also emphasizes the importance of obtaining a status certificate and understanding the legal and financial aspects involved in owning a condo.

Keywords: 

Condo Buying, Condominium Purchase, Condo Market, New Condo, Resale Condo, Financing, Down Payment, Mortgage, Interim Occupancy, Land Transfer Taxes, Condo Fees, Special Assessments, Status Certificate, Legal Issues, Condo Board, Condominium Act, Condominium Management Services Act, Condominium Authority Tribunal.

Source Citation: 
Kim Brown
What’s involved in buying a condo in 2023?
July 20, 2023
https://www.condocontrol.com/blog/whats-involved-in-buying-a-condo-in-2023/
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