If you’ve noticed in recent months (or even years) that it’s increasingly difficult to find a Toronto condo for sale that meets your requirements. This might be a matter of price, size, bedrooms or layout. Location is a lot of the marketing in pre construction condos in Toronto nowadays but you want something PERFECT in all respects.
Finding The Best Prices On Pre Construction In The GTA Without Sacrificing Quality
When we’re talking pre construction, we know that you can often get a steal of a price and incentives and features you can’t get with one that’s already built. This includes easier ways to secure a mortgage and the like.
That said, you want something that is the best price and has the best layouts. So, pre construction might be the natural option. But because of the prices on condos at an all time high, builders might be charging prices comparable to existing condos.
However, if you find the right builder with the right project, you can avoid this entirely. That means no inflated prices. This is important to scope out in areas that are still growing from reputable builders.
Three Cases Of New Condos For Sale In Toronto And The GTA
If you look at a project such as ZEN King West by CentreCourt Developments, you’ll see that the prices are well below market for the area. In the King West Village neighbourhood you’ll see that this is emerging as a tech centre with many large companies opening brick and mortar offices near here. ZEN King West prices are the mark of experienced builders who know that offering better deals for early buyers increases the value of their portfolio in the long run.
Let’s take a look at another example: Grand Palace Condo in Richmond Hill. It’s located right on Yonge Street in one of the fastest growing suburbs of the GTA. When it comes to Grand Palace Condos right in the heart of a bustling street of an area that isn’t yet matured in terms of condos you’re getting great day one prices.
Finally, we have projects such as ICONA Condos, Transit City and a handful more in Vaughan Ontario. We sold at the pre construction level and had a massive amount of interest. As the phases progressed, the word got out and the sales grew faster exponentially. This is because future infrastructure in Vaughan was a new development and condos around it were an opportunity.
The prices at all of these locations are the mark of how exactly this works. It’s a recipe that contains a smart building company, an emerging area and good word of mouth. So, of course, you want access to day-one prices and incentives to increase the value and ROI on your condo.
For that, you’ll need to go through a VIP Platinum Broker. If you need help accessing any project in the GTA or you want to know about up and coming areas, contact us at Superior Realty Point!