It felt SO GOOD to party again — to get out of the house, mingle over a beverage & hors d’oeurves and see a whole bunch of people together all at once. Yes, I indulged as I did that TWICE this past week:
It was a really such pleasure to host an outdoor soiree for my son’s birthday party by inviting his friends — & mine, in addition to attending red-carpet platinum pre-construction event where I got to re-connect with my realtor colleagues in a fun and formal setting once again.
The demand real estate hasn’t stopped, and the launch parties for Pre-Construction have come back. Those who decided not to buy real estate today, are increasingly looking to buy real estate for tomorrow by investing in pre-construction instead.
For as long as I’ve been a realtor, investing in pre-construction was always lucrative. For example, if you purchased a pre-construction unit in Yorkville for $389k several years back (which was considered VERY expensive, then), you could have easily assigned / sold it for close to $600k today. This is one of the easiest & quickest ways to turn $78k into $211k.
From Adagio to Y9825, new condo projects are re-shaping Toronto’s city skyline. Here is a clickable map and info for 25 Toronto Launches You Need to Know About This Fall.
Investing in pre-construction is like purchasing futures in stocks, but bigger gains and much safer investment in my opinion. Keep in mind that purchasing pre-con is a totally different beast altogether…the TIMING of when you buy is key. (TIP: you get the best deal when you buy before the price list and floor plans are released).
Whether you’re just curious or contemplating buying a condo that hasn’t been built yet, I’d be more than happy to walk you though the pre-construction process, and give you access to even newer projects not on listed in the link above.
Toronto Stats this Past week
MLS activity from September 15 to 21 for residential properties:
|↑ Newly Listed:
|↑ For Rent:
Compare the above to the week before from September 8 to 14 when there were
4,963 for sale, 1,315 newly listed, 438 sold & 5,330 for rent.
Today’s newest listings
TORONTO HOUSES FOR SALE
|Under $950k||$950k to $1.2M||$1.2M to $1.6M|
|$1.6M to $2M||$2M to 3M||Over $3M|
TORONTO CONDOS FOR SALE
|Under $500k||$500k to $600k||$600k to $700k|
|$700k to $800k||$800k to $1M||Over $1M|
|GTA Fixer Uppers||Ontario Foreclosures||Map Search|
(Email or call me directly for specific sold or off-market properties)
If you would like me to look up any other numbers for you, just call or text me 647-804-8601. Let me know how I can help with your (RE)search.