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Pre-Construction Condos – What You Need to Know
The condominium market is on fire, especially in the major urban centres in the Canadian real estate market. After a deep decline in the first year of the coronavirus pandemic, driven by evolving consumer trends, the condo market has enjoyed an exceptional turnaround. Some housing market analysts think that 2022 could even be a record-breaking year for condo sales and prices. If you have been in Toronto or Vancouver, you will likely notice a crane on nearly every corner of the downtown core, and many more condo developments outside the city centre. With more condos being built, more prospective homebuyers are taking a closer look at pre-construction condos. Many developers enable this, too, by offering a wide range of perks and discounts. But is this a reasonable buying decision in today’s red-hot real estate market? Let’s explore this sector.
Is Buying Pre-Construction Condos a Good Idea?
Pre-construction condos can be an excellent investment. At the same time, there are still pros and cons to buying before shovels are in the ground that many homebuyers are unaware of today.
Complete Article : https://blog.remax.ca/pre-construction-condos-what-you-need-to-know/
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