Pre Construction Condos Toronto

pre construction condos toronto

Pre Construction Condos Toronto

pre construction condo acondo.ca preconstruction condo toronto

CONDOS IN TORONTO New Condos For Sale in Toronto Pre-construction Condos With its healthy neighborhood growth offering everything at ease and supporting a excellent lifestyle, it is no wonder that Toronto ranks high on the list of the best towns in the globe to live.

New condos in Toronto are in prominent demand with their rising structures and well-connected transportation system. Living in Toronto brings many advantages such as ease of communication, real estate market, and many other variables. Explore all about Toronto living.

Ontario's capital, Toronto, is Canada's most populated town because of its vast arena of spheres. It's a busy company, finance, leisure, arts, and culture center.

People with great ambitions often migrate here to reach their goals and live their dreams, and they are welcomed with open arms by the town. With the recent facilities and comforts, this has resulted many real estate businesses like Tridel to build and create new condos in Toronto.

In all aspects, the condos being built in downtown Toronto are abundant, whether it is the location, the facilities, or the neighborhood. They are the right investment choices among homebuyers in the city's real estate sector, without a doubt.

There are plenty of choices to reside in a town like Toronto. Toronto condos are becoming largely popular with a big population of young learners and professionals. Approximately 93-95% of the properties being sold in the busy town are new condos. Townhouses and houses also represent a tiny portion of the site's real estate.

Several luxuries and facilities provided by Toronto condos attract a huge crowd. While Downtown Toronto turns out to be the city's most famous condo location, new Toronto East condos are also gaining popularity among buyers of real estate.

Several luxuries and facilities that the Toronto condos offer attract a huge amount of individuals. While Downtown Toronto is the city's most famous condo location, new Toronto East condos are also gaining popularity among buyers of real estate.

While real-estate prices are steadily rising, there are also offseasons. The spring and fall season is the moment to capitalize on being a customer. The increase is inevitable during this era, and more buyers compete for properties. If you're looking to buy a condo in Toronto, on the other hand, there won't be a better time than winter. During this era, there are hardly any buyers, and the market is also slower. You may be able to discover during the winter that are unwilling to wait until the spring to get rid of their estate. Take benefit of the winter season when the pricing makes the vendors more flexible.

Toronto is a home for young people and working professionals, mostly from 20-35 years of age. This makes it an outstanding place for growing properties and developing condominiums. New pre-construction condos in Toronto have seen a notable increase over the past five years.

Toronto's attraction is not restricted solely to its physical infrastructure and buzzing urban life. A significant attraction is also the variety it provides. Living in this town gives an insight into the cultural methods of different ethnicities and positively affects outlook.








At the preconstruction phase, buying your new condominium provides you the chance to customize your new home. For pre-construction condominiums, finish choices begin soon after construction starts and buying your new condo in the pre-construction phase will give you the time to consider the finishes of your new home that best represent you and your lifestyle.

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Before the construction is complete, your condo may be prepared to move in. If that's the case, you can't set up the building as a condo corporation, and instead of owning it and paying your mortgage to the bank, you'll lease your unit from the developer.


Toronto PreConstruction Condos



  • PreConstruction Condos: Merge Condos
  • Condo Address:  2201 Kingston Road, Toronto, ON
  • Developer: LCH Developments
  • Pre Construction Condos at Kingston Road & Danforth



Buying a pre-construction condo is a big financial investment. First, it’s not built yet, so you’re buying based on a conceptual understanding of what the final building and suite will be like. Second, unlike buying a freehold property like a house, you’re also paying for maintenance, upkeep and common amenities. That’s why it’s important to consider all of the facts about buying a pre-construction condo before you commit.

Unfortunately, there are numerous commonly believed myths about the process of purchasing a condo that cloud the minds of many. Read on as we uncover the truth behind seven of the most popular myths about buying a pre-construction condo.

1. They’re Not Affordable

The idea that the average individual or couple cannot afford to purchase a condo in downtown Toronto or the GTA is simply untrue. In fact, purchasing a condo (in many cases) is a more affordable and desirable option than a freehold home, especially in Toronto’s core. According to the National Bank’s chief economist, Stéfane Marion, “The single-family home market has become unaffordable and that’s the reality for markets such as Vancouver and Toronto.” That has pushed many first-time buyers into the condo market, which has actually become more affordable for such buyers because of an abundance of supply, explains the Globe and Mail.

What really matters is whether buying a condo is affordable for you. To determine affordability, visit the website or sales centre for the condo development you’re interested in. The developer’s website may have an affordability calculator and sales centre staff should be equipped to help you out and present you with suite options that align with your budget. Make sure you know your financial stats including your monthly income, monthly debt payments and the amount you have available for a down payment in order to get an accurate idea of what you can afford.


Pre Construction Condos Toronto

  • PreConstruction Condos : Art on Main Condos
  • Condo Address: Thompson Road South, Milton
  • Developer: Fernbrook Homes
  • Pre Construction Condos Toronto
  • PreConstruction Condos : Go 2 Condos
  • Condo Address: Eagle Rock Way & Troon Avenue, Maple
  •  Developer: Pemberton Group
  • Pre Construction Condos Toronto
  • PreConstruction Condos : Transit City Condos
  • Condo Address: Portage Pkwy at Millway Ave, Vaughan
  • Developer: CentreCourt Developments, SmartREIT
  • Pre Construction Condos Toronto
  • PreConstruction Condos: Water's Edge at The Cove
  • Condo  Address: 2163 Lake Shore Blvd W, Toronto, ON
  • Developer: The Conservatory Group
  • Pre Construction Condos Toronto
  • Condo Name: Mississauga Square Residences Condos
  • Condo Address: Hurontario St & Nahani Way, Mississauga
  • Developer: Plaza
  • Pre Construction Condos 


  • PreConstruction : The Woods Collection at Forest Creek
  • Address:  Forest Creek Dr, Kitchener
  • Developer: Fernbrook Homes
  • Pre Construction Detached Homes


  • PreConstruction Condos : Panda Condos
  • Condo Address:  20 Edward Street, Toronto, ON 
  • Developer: Lifetime Developments
  • Pre Construction Condos Toronto


  • PreConstruction Condos: Oak & Co Condos 
  • Condo Address: 278 Dundas Street East, Oakville, 
  • Developer: Cortel Group
  • Pre Construction Condos Toronto
  • PreConstruction Condos: Mirabella Condos 
  • Condo Address: 926 Lake Shore Blvd W, Toronto 
  • Developer: Diamante Development 
  • Pre Construction Condos Toronto
  • PreConstruction Condos : E2 Condos
  • Condo Address: 15 Eglinton Ave E, Toronto 
  • Developer: Bazis Inc. and Metropia
  • Pre Construction Condos Toronto

Peter & Adelaide Condos

  • Pre Construction Condo: Peter & Adelaide Condos
  • Condo Address: 350 Adelaide St W Toronto 
  • Developer: Graywood Developments
  • Pre Construction Condos Toronto
  • PreConstruction Condos : Zen King West Condos
  • Condo Address: 19 Western Battery Road, Toronto
  • Developer: CentreCourt Developments
  • Pre Construction Condos Toronto

Lakeside Condos

  • Pre Construction Condo: Lakeside Condos
  • Condo Address: 215 Lake Shore Blvd E, Toronto
  • Developer: Greenland Group
  • Pre Construction Condos Toronto

Markham Square Condos

  • Pre Construction Condo: Markham Square Condos
  • Condo Address: 28 Main Street Unionville, Markham ON
  • Developer: Ideal Developments
  • Pre Construction Condos Toronto

The One Bloor West Condos

  • Pre Construction Condo: The One Bloor West Condos
  • Condo Address: 1 Bloor Street West
  • Developer: Mizrahi Developments
  • Pre Construction Condos Toronto

Residences of 33 Yorkville Condo

  • Pre Construction Condo: The Residences of 33 Yorkville Condo
  • Condo Address: 33 Yorkville Ave Toronto
  • Developer: Cresford Development 
  • Pre Construction Condos Toronto
  • Pre Construction Condo: DuEast Condos
  • Condo Address: 555 Dundas St E, Toronto, ON
  • Developer: Daniels Corporation
  • Pre Construction Condos Toronto
DuEast Condos
  • Pre Construction Condo: ERA at Yonge Condos
  • Condo Address: Yonge & HWY7
  • Developer: Pemberton Group
  • Pre Construction Condos Toronto
  • Pre Construction Condo: 357 King West Condos
  • Condo Address: 357 King West, Toronto
  • Developer: Great Gulf
  • Pre Construction Condos Toronto
  • Pre Construction Condo: Sage X Condos
  • Condo Address: 257 Hemlock St, Waterloo
  • Developer: IN8 Developments
  • Pre Construction Condos
  • Pre Construction Condo: The Vic Towns
  • Condo Address: 1682 Victoria Park Ave
  • Developer: Solotex Corporation
  • Pre Construction Townhouse Toronto 
  • Pre Construction Condo: Highlight Condo
  • Condo Address: 4070 Dixie Rd, Mississauga
  • Developer: The Hazelton Group
  • Pre Construction Condos Toronto
  • Pre Construction Condo: Theatre District Condos
  • Condo Address: 8 Widmer St, Toronto,
  • Developer: Plazacorp 
  • Pre Construction Condos Toronto
  • PreConstruction Condos : Nobu Residences
  • Condo Address:  15 Mercer St, Toronto
  • Developer: Madison Group, Westdale Properties
  • Pre Construction Condos Toronto


pre construction condos Toronto

pre construction Detached Homes

pre construction condos Toronto

pre construction condos Toronto

pre construction condos Toronto

pre construction condos Toronto

pre construction condos Toronto

pre construction condos Toronto

  • Pre Construction Condo: Pavilia Towers Condos
  • Condo Address: Bayview & HWY7
  • Developer: Times Group
  • Pre Construction Condos Thorn Hill
  • Pre Construction: Pavilia Park Towns
  • Towns Address: Bayview & HWY7
  • Developer: Times Group
  • Pre Construction Towns Thorn Hill
  • Pre Construction Condo: Rockwell Estate Residences
  • Condo Address: Main St N, Rockwood, ON
  • Developer: Fernbrook 
  • Pre Construction townhouse and single family home 

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Preconstruction Condos Toronto

Pre Construction Condos

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Preconstruction Condos Toronto


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CONDOS IN TORONTO

New Condos For Sale in Toronto

Toronto Pre-construction Condos

With its wholesome development of neighborhoods which offer everything at ease and support a great lifestyle, it is no surprise that Toronto ranks high in the list of best cities to live in the world.

With its soaring buildings and well-networked transit system, new condos in Toronto are in prominent demand. Living in Toronto comes with many benefits like ease of communication, real-estate market, and many other factors. Explore everything about living in Toronto.

EXPANDING ITS HORIZON

The capital of Ontario, Toronto, is the most populated city in Canada because of the vast arena of spheres that it covers. It is a bustling center of business, finance, entertainment, arts, and culture.

People with big aspirations, often move here to achieve their targets and live their dreams and the city welcomes them with open arms. This has led many real estate companies like Tridel to construct and develop new condos in Toronto with the latest amenities and comforts.

The condos being built in Downtown Toronto are abundant in all aspects, whether it is the location, the facilities, or the neighborhood. They are undoubtedly turning out to be the right investment choices amongst the homebuyers in the real estate sector of the city.

A SLICE OF REAL ESTATE IN TORONTO

The options available in a city like Toronto for residing are aplenty. With a large population of young students and professionals, condos in Toronto are becoming vastly popular. About 93-95% of properties that are on sale in the busy city are new condos. Townhouses and buildings also account for a small part in the real estate of the place.

Several luxuries and amenities offered by the condos in Toronto attract a massive number of people. While Downtown Toronto happens to be the most popular condo destination of the city, new condos Toronto east are also gaining high popularity among the real estate buyers.

Whether it is lush architecture, world-class gym facilities, spacious open balconies or swimming pools, condos in Toronto have it all. This attracts a lot of homebuyers in the city.

TORONTO REAL ESTATE: A SMART INVESTMENT

When it comes to architectural development, Toronto has seen large real estate developments in the past few years. A lot of renowned structures were completed about a decade ago. This led to building Toronto into a popular location, and this has made it experience a lot of condo developments.

Undoubtedly, Downtown Toronto happens to catch the eyes of all! The condominiums in the area are amongst the talk of every resident in Toronto. In the real estate industry, it is also being said that by the end of 2019 or 2020, Toronto will be a place having world’s most high-rise and top-notch condos.

While the prices in the real-estate market are on a constant surge, there are offseasons too. The season of spring and fall is the time to capitalize if you are a buyer. The rise during this period is inevitable, and more buyers are competing for properties. On the other hand, if you are looking to buy a condo in Toronto, there won’t be a better time than the winter. There are barely any buyers during this period, and the market is also slower. During winter, you might be able to find buyers who are not willing to wait until the spring to get rid of their property. Take advantage of the winter season when the sellers are more flexible with the pricing.

But, of course, the sooner you can get your hands on a beautiful condo, the further your money will go. Due to the constant rise in prices of real estate in Toronto, capitalize at the first chance that you get.

THE YOUNG AND DYNAMIC WORKING POPULATION

Toronto is a house to youth and working professionals, mainly in the age of 20-35. This makes it an excellent location for real estate growth and condo development. New condos Toronto pre-construction has witnessed a remarkable rise in the last five years.

A RICH HAVEN OF CULTURES

The appeal of Toronto is not only limited to its physical infrastructure and buzzing city life. The diversity that it offers also forms a major attraction. Living in this city provides a glimpse into the cultural practices of various ethnicities and influences perspective in a positive way.

With the presence of different religions like Christianity, Islam, and Hinduism as well as people with no religious affiliations, the city shows its tolerance and provides a valuable space for the growth and development of an individual.

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Another primary concern when choosing a housing environment is safety. Crime rates in Toronto have been historically low, and thus, it makes for a perfect residential city. Hence, new condos in Toronto are coming up slowly to make it reach a new level when it comes to real estate.

ENTERTAINMENT IN TORONTO

When it comes to a place like Toronto, entertainment can never be an issue. The city houses amazing five- star restaurants and hotels. One can binge on some splendid delicacies offered at the fine dining restaurants or enjoy the authentic street food of North America.

The place also has some fantastic theatres to catch up on the latest movies. One can also enjoy the beautiful city of nightlife in Toronto. The bars present at the location catch a lot of crowds and are a hit amongst the youth staying in Toronto.

The weekends can be spent in the suburbs in the neighborhood of the city or enjoying water sports offered at various exciting locations in Toronto. Shopping streets in the city are also trendy.

There is an area in Toronto by the name of The Entertainment District. Multiple performances take place in this area regularly. Festivals, arts, sports, and various other attractions are quite common. Moreover, you can easily spot a celebrity in this region. The area has placed such as the CN Tower, Ripley’s Aquarium of Canada and many nightclubs to ensure that the people have an enjoyable time in the region.

HEALTHCARE IN TORONTO

The healthcare sector in Toronto is quite well established. There several big-city hospitals offering all the top-class medical facilities to its patients. Mount Sinai Hospital and St. Joseph’s Health Centre are amongst the top hospitals in the city. The doctors available at the medical centers are highly qualified and experienced and offer excellent treatment to the patients.

EDUCATION IN TORONTO

Being among the most populated cities in North America. The city has a lot of secondary as well as post-secondary educational institutions. The city’s educational standards are quite high. The credit for this goes to its overall development in all the spheres in the past few years.

The education sector in Toronto is growing rapidly. The sector employs over 100,000 employees with the total annual wage coming up to $7.2B. There institutes, schools and colleges for every sector of society. The city also has several public and private schools where the young generation to learn new things.

The place is slowly becoming an educational hub. There are several private and international schools in Toronto offering quality education to the students. Humber College and Seneca College are amongst the two top-rated colleges for higher education in Toronto.

TRANSPORT AND CONNECTIVITY

Toronto happens to be amongst the most populous and easily accessible cities in North America. The significant population of the city makes use of the Toronto Transit Commission, that is, TTC to access the places around the city. A vast number of options like buses and streetcars are available to reach the locations in the city. The TTC maps lining the city are an excellent tool for everyday travel in the city.

THE PATH SYSTEM

Availability of the PATH system in the city makes connectivity even better! It is accounted to be the most extensive underground pedestrian walkway in North America. You name a place in the city, and it is connected via the PATH system.

Be its’s parking garages, restaurants, railway terminals or the stations. You can find your way through to any of these with the system. The different colors of the letters in “PATH” symbolizing different colors, making it easier for the public to reach their desired locations.

BUSY SUBWAY LINES

Bloor- Yonge station tops the list of most active subway lines in the country. Thus, making a significant contribution to the transit facilities in the city. Situated at the junction of Bloor Street and Yonge Street, it is responsible for carrying hundreds of thousands of passengers back and forth across the city.

Streetcars, taxis, and buses are always an option

There are several options one can take to reach places. Taxis and buses are also standard amongst the public for travel. Downtown Toronto taxis are very commonly observed.

WATERFRONT IN TORONTO

This area is one of the finest you could find in North America. With the ultimate revitalization going, Toronto is attracting a lot of homebuyers to itself. Newer condos are being built with each passing day, and Toronto is making its way into the top luxury living cities in the world.

POPULAR NEIGHBORHOODS IN THE CITY

Toronto is home to luxury living. There are a lot of lovely livelihoods in the city which attract a huge population into buying the condos available in the city. While some regions are famous for their shopping streets, some are known for their cityscapes and transportation.

Below is a list of some of the most sought after streets and neighborhoods in the city:

DOWNTOWN TORONTO

Downtown Toronto happens to be the most popular neighborhoods in Toronto. Famous for its diverse culture and entertainment, it is the ultimate shopping destination in North America! The past few years have witnessed a lot of condo developments in the area.

The place holds most sought-after facilities to travel around, shop around, and get the best entertainment. It is a cosmopolitan cluster built in the city. Known for its culture and art, the place catches the eye of homebuyers well. Thus, enhancing its real estate sector. The living and accommodation in the area comprise of condos majorly.

BLOOR WEST VILLAGE

Bloor West village has seen a real estate rise over the last few years. Bordering the place are significant areas like Canadian Pacific to its north, Bloor Street West on its south and Runnymede on its east while Jane Street occupies the west.

It is also amongst the famous shopping destinations in Toronto. Hence, the place attracts people from all over the city to purchase real estate here and make a living for themselves. The living in the area is moderately reasonable, with population opting for condos and detached homes in a majority.

THE ENTERTAINMENT DISTRICT

King West has seen the maximum elevation in the number of condos in development in recent years. Owing to its central presence in the city and rich cultural diversity, the place attracts a lot of real estate investors.

The place is an industrial hub. Thus, the population finds it convenient to buy condos and have a luxurious living for themselves. The amenities provided in the condos are magnificent. The area is known for its cityscape. Having a busy city life, the population here is mostly working. Hence, living in condos offers them the facilities that help them stay stress-free amongst their busy work life.

YORKVILLE

Yorkville is known for its luxury and wealthy living. Hence, Yorkville undoubtedly happens to be among the most popular and dream neighborhoods in Toronto. Owning a condo in a place like this is considered to be a huge thing. Investing in a condominium in Yorkville is a symbol of class and luxury.

Being close to the busy areas of Toronto like Bloor and Yonge, the area happens to attract a huge population and is a hub for the youth of the city. In Toronto, Yorkville happens to have the most expensive condominiums. Though, the facilities on offer in these condominiums are also beyond your imagination.

The real estate sales in the area are outstanding, owing to its streets and conveyance facilities. The luxurious lifestyle of the place has always attracted a huge population to invest in its real estate. The location is home to fantastic world-class restaurants, shopping complexes, and theatres. Hence, finding entertainment in the area isn’t a tough job. It is a perfect commercial destination.

QUEEN WEST

The west queen neighborhood of Toronto is one of the coolest in the world. There are multiple art galleries, museums, unique and branded shopping centers, bars, studios, restaurants, cafes, and a whole lot more. The Graffiti Alley and The Drake Hotel are the highlights of this area.

DISTILLERY DISTRICT

Distillery District of Toronto has some of the best Victorian Industrial Architecture in Northern America. The place has a primary focus on enhancing the art, culture as well as the entertainment. Several festivals are organized around the year in this region. Moreover, one can find almost every franchise and brand here. With several cafes and restaurants and events, Distillery District is an ideal neighborhood which has almost everything that one could need.

WHY BUY A CONDO IN TORONTO?

Toronto is a complete place! It is a small world of its own. The city is perfect to live peacefully, work, and enjoy life alongside. Away from the rush and crimes that exist in other cities in North America, Toronto is a perfect location to own a condominium in. It is a place full of adventures, excitement, and joy. Living in Toronto will mean a better standard of living. The cost of real-estate is high in the city.

However, you will easily be able to take full advantage of the money you spend here for a living. Therefore, while living in Toronto comes with a lot of perks, it is essential that you recalculate your finances beforehand. When you are starting a life in Toronto, you want to start on the right foot.

WHY YOU NEED TO OWN A CONDO IN TORONTO:

It is the economic hub of North America

Huge business developments in the city

Peaceful urban living

It is the Financial Capital of Canada

The diverse population of about 2.8 million

Vast cultural diversity

Aside from these, getting a condo in Toronto is always beneficial due to the vast number of options that you can choose from. You can easily find a place that caters to all your requirements and provides the standard of living that you seek. The condos in Toronto offer competitive prices. Even though the market is on the rise, the condo pricing in Toronto is competitive due to the various options that are available to residents. Moreover, most of the amenities nowadays are shared, and this reduces the cost of production.

There might not be a better-developed town than Toronto. The rate at which infrastructure and condo developments are increasing is quite a surprise. This, in turn, will help in growing the economy and better investments in and around the town. Residents need to do one thing to ensure that they are always on top of this fast-paced market; strategic thinking and purchases are crucial.

Another reason why one should look for condos in Toronto is the location. Almost every condo in Toronto is placed in a great neighborhood. There are multiple shopping complexes, accessible transportation options, offices, and many other amenities that everyone needs. Every mall in Toronto has the best brands from all across the globe. The healthcare services in the town are also top-notch. Along with the best hospitals, there are the best educational institutes as well. If you need something, living in these luxurious condos will mean that you never have to go far.

Buy a new condo in Toronto today and get an experience of living like none other! Own a condo here and consider yourself lucky to be a part of the developing real estate worldwide.

Benefits of Buying Pre-Construction Condos

Pre-construction condominiums are one of the fastest growing investments with the fastest and highest returns. It is also one of the hottest pieces of pre-construction real estate on the market today.

These condos can be purchased for personal use or for turning a profit by flipping the condo after it is purchased and completed. Another benefit is that it can appreciate in value before the project is completed so the owners could realize monetary gain before actually closing on the property.

One other great way to go about this is to rent out these condos once completed which provides the highest return and continuous income year after year. Today Toronto has a population of 2.8 million people (6.4 million in the GTA – Greater Toronto Area), according to Statistics Canada figures Census 2016. The Ontario Ministry of Finance projects that by 2021 the Greater Toronto Area population will have ballooned to 7.2 million, and that Toronto itself will have grown to approximately 3.0 million.

By 2031, it is anticipated that over 3.4 million people will live in Toronto and 8.4 million in the GTA. By 2041 it is also projected that 9.4 million people will live in the Greater Toronto Area and that 3.7 million will live in Toronto. The GTA is anticipated to increase more than half (55.8%) in just 35 years. It’s no secret that with a growing population turns up the demand for new housing. This is a win-win situation for the building and unit owners alike, but you should make sure that you are the first to buy.

Platinum Access

In order for an investor to take the most advantage of Buying Pre-construction condominiums is to buy before its open to the public. Prior to opening day of a new condo sales office to the general public, prices may have gone up. This will be an opportunity for you to invest in a unit at the lowest price possible before its open to the public.

You can be one of the first purchasers to be invited to a Platinum VIP Preview Sales Event long before the presentation centre opens to the public. This gives you an exclusive opportunity to have the first access to inventory, best pick at unit levels, floor plans, lowest price not available to the public and the ability to take advantage of Platinum VIP Condo Incentives the builder may offer. This is a perfect opportunity at the Platinum VIP Price.

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Finding a Place to Live in Toronto 2019

Toronto is a diverse city offering a wide range of opportunities for living the life you've always dreamt of. In the widespread different neighbourhoods you’ll find that each one offers its own charm and comes with its own unique identity. The location where you choose to live all depends on your lifestyle preferences. If you're looking for an area with an active nightlife, for example, you should take a look at the condos on offer closer to the downtown core. If you're looking for something more subdued and relaxed, you may be better off looking for condominiums for sale in the suburbs.

The rents in Toronto continue to rise year after year and for many people it makes more sense to invest in a condo than to continue to pay an exorbitant amount for rent every month. This is one of the reasons why condos have become so popular in the GTA and why so many new developments continue to be built. As well, with single family dwellings out of reach for most first time homebuyers, condos are the perfect opportunity for these individuals to step into the housing market.

If you're searching for a condo right now, take a look through our website to see the amazing developments that are available across the Toronto area. You'll be able to narrow down your search with our search filter so that you can find the perfect condo in the right location that meets your budget. We have designed our website to be user-friendly so that you can easily pinpoint your top selections.

Pre-Construction Condos Toronto

Find pre-construction luxury condos for sale in Tridel condominium communities throughout the Greater Toronto Area.

we understand that where you live is as important as how you live. Guided by our Core Values of Quality, Integrity, Innovation, Teamwork, Family Values and Safety, we are renowned as an industry leader in creating and developing condominium homes. We are committed to delivering an experience that exceeds our customer’s expectations throughout the home buying journey, beginning with your search for a pre-construction condo for sale.

As people choose more active lifestyles, valuing shorter commute times and access to the world class dining, shopping and entertainment and transit that an urban lifestyle affords, condominium living has become more attractive. A condominium is the best of both worlds, offering the benefits of home ownership, without the hassles of maintenance, repairs and security concerns. For singles, couples and families, owning a condominium offers the freedom to enjoy the good things – and the time to concentrate on the important things.

Why Buy a Pre-construction Condominium?

Purchasing your new condominium at the preconstruction stage offers you the opportunity to personalize your new home. For pre-construction condominiums, selections of finishes begins shortly after the commencement of construction and purchasing your new condo at the pre-construction stage will afford you the time to consider the finishes of your new home which best reflect you and your lifestyle. Buying a new condo at the pre-construction stage can also involve a substantial saving.

Toronto’s pre-construction market for condos is on fire once again. Here are 10 things you need to know before falling in love with that model suite:

The Deposit – While purchasers of resale condos in Toronto generally provide a deposit of 5% upon signing of the agreement, builders generally require significantly higher deposits in order to fund the construction – often as high as 15 or 20%. Usually a set amount $$3,000, $5,000, etc.) is required when the agreement is first signed, and the balance to 5% is due within 10 or 15 days. From there, there are various ways the remainder of the deposit is paid – for example, an additional 5% at 30 days, 5% at 90 days, 5% 180 days, or sometimes the deposit is timed with the phases of construction (5% when they break ground, 5% on occupancy, etc.). Point is: be prepared to pay the builder a much larger deposit for a pre-construction condo.

The 10-day Cooling Off Period – In Ontario, every purchaser of a new condo has 10 days to reconsider their purchase. Note these are calendar days and not business days. During the 10 day cooling off period, a Buyer should arrange to get financing pre-approval and have the agreement reviewed by their lawyer. If the Buyer changes their mind (for any reason) during the 10-day cooling off period, they can back out of the contract and have their deposit returned without deduction.

Waiting, Waiting, Waiting. While builders will provide an expected completion date for the condominium, rarely (if ever) are condos completed on time. Builders have the right to delay for all sorts of reasons and for a surprisingly long time. The actual delays and builder penalties (if any) are outlined in the agreement of purchase and sale, but in our experience, add at least 6 months – and up to 2 years for delays.

The Only Constant is Change. Builders have a fair amount of leeway to make changes to the units and buildings, even after they have pre-sold them. We’ve seen builders add or subtract floors, change layouts and decide that the rooftop pool should now be in the basement. Buyers are protected from any “material changes”, but you might be surprised to find out what is and is not considered “material”. Read the sales agreement and be prepared to be flexible.

The Interim Occupancy Period When the condo is built and ready to be moved into, there is a period of ‘interim occupancy’, where the Buyer can take possession (in other words, move into the unit). During the period of interim occupancy, the Buyer does not yet own the condo; they simply pay the builder an amount roughly equal to what their mortgage payment + condo fees + taxes will equal. No transfer of land has yet occurred, and no mortgage has yet been given.

Condo Fees in new buildings are usually set arbitrarily low. That’s partly because they are estimated years in advance of the condo being built, and partly because they don’t know the actual costs of running the building. The skeptic in me also wonder if it isn’t a sales strategy too. Expect condo fees in new buildings to increase substantially during the first 2 years, usually 10-20%.

Registration of the Condo Once a building has passed all the city inspections and gone through all the processes to become a legal entity, condominiums are officially registered. During this registration period, condo ownership is transferred to the Buyers, mortgages come into effect and Buyers officially become owners (a.k.a. the closing). This registration period can take anywhere from 3 months to 2 years (though usually it happens 4-8 months after people begin to move in for the interim occupancy period).

Builder Closing Costs When the unit is officially registered and you close on the purchase, you’ll be responsible for all sorts of closing costs that don’t apply to resale units These ‘builder adjustments’ apply to all new construction projects and include development and education costs, HST on appliances and utility connections fees. These builder closing costs can easily amount to 1-3% of the original purchase price (and there’s talk of the development fees doubling in Toronto in the near future). If you’re looking at taking over someone else’s contract via an assignment, look to see if the original purchaser capped the amount of these costs when they originally negotiated the unit. Otherwise, make sure you have lots of money put aside for closing costs.

The Condo Reserve Fund When you buy pre-construction, you’ll need to contribute 2 months condo fees to the condo’s reserve fund (the emergency fund). This usually happens at the time of closing.

HST Unlike resale condominiums, new condos are subject to HST. If you’re an end-user (you’ll be living in the unit yourself), you’ll likely qualify for an HST rebate (and most builder prices assume you are, and so this rebate is already factored in). If you’re an investor, there is a similar (but different) rebate, but you’re only eligible if you rent the condo out for at least a year (and prove it!) If not, you may have to pay thousands of dollars in HST upon closing. HST rules are confusing at best, but make sure to get legal advice about whether you qualify for the HST rebate before you buy a condo.

BEST PRE-CONSTRUCTION CONDOS IN TORONTO LAUNCHING IN 2019

The following Pre-Construction Condos will be launched in the First Quarter of 2019. Toronto Pre-Construction Condos in 2019

Here is the list of Pre-Construction Condos Projects to be Launched in Toronto in the First Quarter of 2019

1. Line 5 Condos Second Tower in Yonge & Eglinton Area by Reserve & Westdale (Learn more about Line 5 Condo)

Line 5 Condos is a new condominium development by Reserve Properties & Westdale Properties currently in pre-construction located at 117 Broadway Avenue, Toronto in the Yonge & Eglinton neighbourhood with a 90/100 walk score and a 87/100 transit score. Line 5 Condos is designed by IBI Group and will feature interior design by U31. The project is 35 storeys tall and has a total of 701 suites. Toronto Pre-Construction Condos in 2019

Line 5 condos

Line 5 condos

2. Azura Condos in Yonge & Finch Area by Capital Developments (Learn more about Azura Condos)

Azura Condos is a new condo and townhouse development by Capital Developments currently in preconstruction at 15 Holmes Avenue, Toronto. Azura Condos has a total of 339 units. Situated on a leafy cul-de-sac off the main road, Azura Condos is a 29 storey building with 339 suites. Designed by IBI Group, the buildings will boast stunning exteriors with interiors to match. All residential suites will feature either a balcony or a terrace for enjoying some private-time outdoors.

Azura Condos

Azura Condos

3. Prime Condos in Dundas & Jarvis Area by CentreCourt (Learn more about Prime Condos)

Prime Condos is a new condo development by CentreCourt and Centrestone Urban Developments Inc. currently in preconstruction at 319 Jarvis Street, Toronto. Sales for available units start from the $300,000’s. Prime Condos has a total of 457 units.

At the intersection of Dundas and Jarvis, PRIME is located in the heart of the East Core – a thriving growth district on the east side of Yonge Street that as undergone remarkable growth over the past 5 years. Nestled between the College and Dundas subway stations, the East Core’s growth has been driven by an influx of recent residential development and major investments in education, finance, health science and technology.

Prime Condos

Prime Condos

4. CRU (11 Yorkville) in Yorkville & Yonge Area by Metropia/Capital Developments (Learn more about CRU Condo)

CRU 11 Yorkville Condos is a new preconstruction condo development by Metropia, RioCan Living and Capital Developments located at 11 Yorkville Avenue in Toronto (Yorkville/Yonge).

CRU 11 Yorkville Condos will be 62 storeys with a total of 716 condo units. Estimated completion date is still unknown.

CRU Condos at 11 Yorkville

CRU Condos at 11 Yorkville

5. The United Building in University & Dundas Area by Davpart (Learn more about The United Building)

This new pre-construction project is a mixed-use one coming soon to 481 University Avenue, Downtown Toronto in FINANCIAL DISTRICT. Mixed-use tower Located at Dundas West and University Avenue, Toronto, Ontario 55 stories Estimated completion year: 2021 Architect: B H Architects Number of Suites: 748 Located at 481 University Ave., Downtown of Toronto Walk score: 99/100

The United Bldg Condos

The United Bldg Condos

Please visit the pages for these Condos to learn more. Please register and we will share with you detailed information about these projects as soon as we receive them from the builders.

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Pre-construction condo guide

When deciding to purchase a condo, one of the first decisions you will be faced with is whether to go with a pre-construction condo or a more conventional resale condo. While the cosmetic appeal of buying a new condo unit may seem enticing, there are many aspects to consider before diving into the purchase.

Down Payment:

One of the main differences when purchasing a pre-construction condo, opposed to a resale condo, is the way it is financed. On a resale condo, you can put down as little as 5% towards the purchase price. On a pre-construction condo, however, you are often required to have at least a 20% down payment. That amount may seem high but the full payment is broken up into smaller installments, made in what is usually referred to as the deposit structure.

Here is an example of a typical deposit structure:

$3,000 with the offer

Balance of 5% in 30 days

5% in 90 days

5% in 180 days

5% at occupancy

Deposits are generally required to be higher in the beginning of a project, as the bank that is financing the building will have this set out as a requirement. Closer to the completion of the condo, deposit structures become more negotiable, and by simply discussing the fee structure with the builder, you may be able to extend or even reduce your payments.

Cooling Off Period

After you have put a deposit down on a pre-construction condo, you will be given a short period of time to rethink your decision. Often referred to as a "cooling off" period, you can take the time to get your finances in order and make sure you are ready to go ahead with the purchase. You should also have your Agreement of Purchase and Sale reviewed by your real estate lawyer, during this time.

One thing we have to mention is that whether or not you are given a cooling off period, and the number of days that one gives you, varies from province-to-province. For example, the cooling off period is 10 days in Ontario and 7 days in Toronto. In most other provinces, the cooling off period is builder dependent.

Closing Cost:

Closing costs are additional expenses that you will need to pay for, between the time you make an offer and the day that you close, including: a home inspection fee, legal fees, land transfer tax, CMHC insurance, PST on CMHC insurance and more.

It is suggested that most buyers prepare to budget and save another 1.5 - 4% of the purchase price of their homes, in order to cover their closing costs. When you buy a pre-construction condo unit, however, that number can be even higher.

When you buy a new condo, you may be subject to additional fees, including:

Development and educational levies ($200-$4,000)

New Home Warranty Plan enrolment fee ($900-$1,200)

Utility hook-up fees ($50-$500)

Assignment fees (if you sell before final closing, or flip your unit) ($3,000)

Occupancy fees

These additional costs do not apply to every pre-construction purchase, and some may even be included in the sale of the unit. During your cooling off period, have your lawyer review the Agreement of Purchase and Sale to determine which additional closing costs you will incur. It is best to use a real estate lawyer who has experience dealing with the particular building's developer, as they would be able to anticipate any issues that they have had in the past while closing other client's deals with that developer.

Occupancy Fees

When you buy a pre-construction condo, you may run into the situation where the builder lets you move into your unit before the rest of the building is done. This is known as your occupancy period and, because the building isn't complete, you won't actually be able to start making mortgage payments until after it is. Even though you won't be making mortgage payments, you will need to pay the developer an occupancy fee for each month that you live there until you eventually take ownership.

Occupancy fees and occupancy periods exist only in Ontario and are governed by the Ontario Condominium Act. The fee structure is designed to only allow the builder to break even on the occupancy fees. Any interest that is made on the monthly interest is to be paid back to you, and taxes are to be recalculated at the end of the occupancy period with any surplus being paid back to you as well.

Here's how your monthly occupancy fee is calculated:

Because this amount is likely to be cheaper than the rent you may already be paying, you may find it appealing to move in early, and get settled in your building. During the occupancy period the elevators will be in service, however most of the building's amenities will not be open for use. As well, you should be prepared for there to be a lot of noise in and around the building, as the builder finishes other units and the building as a whole. Generally, the occupancy period is shorter for units on higher floors and for buildings being managed by experienced builders.

The only way around having to pay occupancy fees is to pay the entire purchase price with cash at the date of occupancy, and these terms must have already been put into the Agreement of Purchase and Sale before your cooling off period ended.

Buying a pre-construction condo is a big financial investment. First, it’s not built yet, so you’re buying based on a conceptual understanding of what the final building and suite will be like. Second, unlike buying a freehold property like a house, you’re also paying for maintenance, upkeep and common amenities. That’s why it’s important to consider all of the facts about buying a pre-construction condo before you commit.

Unfortunately, there are numerous commonly believed myths about the process of purchasing a condo that cloud the minds of many. Read on as we uncover the truth behind seven of the most popular myths about buying a pre-construction condo.

1. They’re Not Affordable

The idea that the average individual or couple cannot afford to purchase a condo in downtown Toronto or the GTA is simply untrue. In fact, purchasing a condo (in many cases) is a more affordable and desirable option than a freehold home, especially in Toronto’s core. According to the National Bank’s chief economist, Stéfane Marion, “The single-family home market has become unaffordable and that’s the reality for markets such as Vancouver and Toronto.” That has pushed many first-time buyers into the condo market, which has actually become more affordable for such buyers because of an abundance of supply, explains the Globe and Mail.

What really matters is whether buying a condo is affordable for you. To determine affordability, visit the website or sales centre for the condo development you’re interested in. The developer’s website may have an affordability calculator and sales centre staff should be equipped to help you out and present you with suite options that align with your budget. Make sure you know your financial stats including your monthly income, monthly debt payments and the amount you have available for a down payment in order to get an accurate idea of what you can afford.

Tridel Scala

Tridel Ten York

2. You’ll Wait, And Wait… And Wait For Your Condo To Be Ready

It’s a common belief that if you buy a condo during the planning and development stages, you’ll grow old before you even step through the front door of your condo suite. While this can be true, it’s not the norm, especially if you do your research to ensure you’re buying from a reputable builder with a solid track record.

While delays can be caused by inconveniences that are beyond the builder’s control (such as labour strikes or poor weather conditions), top-rated condo builders will always make it their mission to stick to the development timeline as closely as possible. Be sure to check the builder’s history on Tarion’s builder directory before signing on the dotted line for your new condo.

Lobby

3. You Have To Pay A 20% Deposit All At Once

A typical deposit for a pre-construction condo suite for a Canadian buying from a builder is 20% of the purchase price (international buyers typically pay 35%). Now, if you’re buying a $500,000 suite, 20% is a significant chunk of cash, especially all at once. Luckily, quality and trusted builders don’t require a lump sum payment. Instead, payments are usually spread out over a period of time, sometimes as long as 15 months.

Even though your deposit is fully protected by the Condominium Act, it’s always a good idea to ask the sales centre representatives what other rules and approvals the builder has in place to prevent fraud and ensure your deposit is completely secure.

4. You Could Lose Your Deposit If The Developer Folds

While the risk is low, developers have filed for bankruptcy in the past. That’s why the Ontario government has regulated the Tarion Warranty Corporation to provide safeguards to all new home purchasers.

When buying a pre-construction condo from a reputable developer, your purchase fees will include a Tarion Warranty Corporation enrollment fee that provides deposit protection of up to a maximum of $20,000. This way, in the unlikely event that the condo project is not completed, the financial loss will be less significant.

5. You Don’t Really Know What You’re Going To Get

If you’re purchasing your condo from a widely respected developer during the pre-construction phase, there is no need to worry that your suite will fail to meet your expectations.

Take your time to explore the presentation suite at the sales centre, look closely at the floorplans, finishes, and amenity renderings and don’t hesitate to ask questions. You can even visit other buildings by the same developer to see what they’re like and get a feel for the style and atmosphere to see if it suits you.

Again, buying from a trusted builder backed by years of experience and completed projects ensures that the suite you’re purchasing and the building amenities will align with your vision.

Tridel Ten York

Tridel Bayside Condo

6. You’ll Get A Surprise Bill When Closing Time Comes Around

When looking to buy a condo, it’s easy to overlook the total cost of ownership, which ends up being more than just the deposit and mortgage payments. Maintenance fees, property taxes, utilities and so on also need to be budgeted for. Then, there are closing costs, which are a very important consideration when buying a pre-construction condo. Closing costs include land transfer taxes, meters, legal fees, warranty fees, development levies and administration fees.

Development levies in particular have been controversial in the media recently. Condo developers are required to pay certain development levies to municipalities to help fund city infrastructure. In exchange for approved increases in height or density, developers often make monetary contributions to help build public community centres and parks. If you’re buying from a developer, it’s important to determine how they manage these fees. Are they included in the purchase price, or will they be added to the bill later?

A reputable builder will not attempt to hide any closing costs from you, and will actively work to include any extra fees into the price of the suite so that they can be included in your mortgage payments. Consider this when you’re evaluating prices. If a suite by one developer seems more expensive than the rest, it doesn’t necessarily mean you’re overpaying. It could mean that all of the costs (including development levies) are being included in the purchase price, meaning there won’t be any surprises for you at closing. Beware of developers who try to entice you with low prices as you may end up cutting a big cheque at the time of closing.

It never hurts to do your due diligence and have a laywer review the Agreement of Purchase and Sale, Disclosure Statement and the Tarion Addendum (if there is one).

7. Developers Don’t Really Care About Their Buyers

While there certainly are builders who are merely looking to earn fast money on condo developments, the notion that all developers share the same goals couldn’t be farther from the truth. To avoid wondering if your builder truly cares about your experience as a future owner in their building, explore your options with a developer that has a customer care department.

Even if you’re purchasing from an award-winning builder, it’s reassuring to know that if you have a question about your suite, you have a trusted, caring team available to address any of your concerns at no extra cost.

Furthermore, when evaluating a condo builder, it’s wise to get clarification on which company will actually be managing the building after you move-in. Do your research on their credibility, and learn if they’re affiliated with the builder. If they’re a sister company of the builder, you’re more likely to experience a consistent level of customer care as you have throughout the purchasing process.

9 things to know before buying a pre-construction condo

Buying a condo at blueprint stage can net you savings over buying a resale unit. But there are other differences, too. Here are 10 things you need to know about buying a pre-construction condo.

Expect to put 20% down

You can buy a resale condo with as little as 5% down, but for pre-construction condos, a 15-20% down payment is standard. After your initial 5% sales deposit, the balance is paid in installments up to closing.

Some pre-construction condos are delayed

Many condo buildings are not always ready in the often-ambitious time frames provided by developers. Plan to move in six months later than the original move-in date. But have a backup plan in case delays push into the one-to-two-year mark.

You can lock in your mortgage rate ahead of time

Developers work with preferred mortgage providers, and if you qualify, you’ll be able to lock in at today’s low-interest rates, to come into play once you close on your condo.

You’ll have to pay HST

Unlike resale condos, new-build condos are subject to HST. Good news: your purchase may qualify for the GST/HST New Housing Rebate program.

New-build condos can come with extra closing costs

Everything from HST on new appliances to utility connection fees and other builder/developer adjustments can pump up your purchase price by 1-3%.

The building may not look like it did in the videos and model show rooms

Developers have leeway to amend their plans. That indoor-outdoor pool may end up fully enclosed, and those rustic-urban red bricks may end up a chic grey instead. Preconstruction comes with

surprises, so be flexible.

You may be a tenant for longer than you planned

Your condo may be ready for move-in before the building is fully complete. If that’s the case, the building can’t be set up as a condo corporation, and you’ll rent your unit from the developer, rather than owning it and paying your mortgage to the bank.

Your condo fees may rise

Condo developers entice potential buyers with artificially low monthly maintenance fees. After you’ve been in your home for two or three years, the fees can creep up by significant amounts, so keep that in mind when you budget.

Get the right to sell or assign your pre-construction contract

Try to negotiate a clause in the sales contract that gives you the right to cancel the sale if unemployment, injury or other drastic circumstances prevent you from closing. This could save you tens of thousands of dollars down the road.

You can change your mind

In some jurisdictions when you have second thoughts, you can cancel the purchase of a pre-construction condo – and get your entire deposit back – during a specified “cooling off period.”

Bottom line: Buying a pre-construction condo offers excellent value, but do your research first to get the right deal for you.