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TORONTO TOWNHOMES
12 Sudbury Townhomes, Queen/King W. | Toronto
Annex on Brunswick Townhomes, The, Little Italy | Toronto
Berkeley Lane Freehold Townhomes, Downtown East | Toronto
Broadway Lanes Townhomes, Yonge/Eglinton | Toronto
Castle Terrace Townhomes, Yonge/St. Clair | Toronto
College Park Townhomes, Bay St. Corridor | Toronto
Davenport Townhomes, Annex/Yorkville | Toronto
Merton Townhomes, Yonge/St. Clair | Toronto
Humber Mews Townhomes, Humber Bay Shores/High Park | Toronto
Parkview Townhomes, Bay St. Corridor | Toronto
Prego Townhomes, Little Italy | Toronto
Russell Hill Townhomes, Yonge/St. Clair | Toronto
Spadina Townhomes, Yonge/St. Clair | Toronto
Townhomes on Belmont, Annex/Yorkville | Toronto
Townhomes on Merton, Yonge/St. Clair | Toronto
Townhomes on Pleasant Boulevard, Yonge/St. Clair | Toronto
The Townhomes of New Corktown, Downtown East | Toronto
Windermere by the Lake Townhomes, Humber Bay Shores/High Park | Toronto

U
U Condominiums, Bay St. Corridor | Toronto
University Plaza, Entertainment District | Toronto
Uptown Residences, Bay St. Corridor | Toronto
Uxbridge, The, Downtown East | Toronto

V
Vibe, Queen/King W. | Toronto
Victorian, The, St. Lawrence Market | Toronto
Village Terraces, Yonge/St. Clair | Toronto
Vinegar Lofts, Broadview/Riverdale | Toronto
Vu, Downtown East | Toronto

W
Waldorf Astoria I, Bloor East | Toronto
Waldorf Astoria II, Bloor East | Toronto
Waterclub, Harbourfront | Toronto
Waterford, Humber Bay/High Park | Toronto
Waterpark City I & II, Harbourfront | Toronto
Waterview, Humber Bay/High Park | Toronto
Wellington On The Park, Queen/King W. | Toronto
Wellington Square, Queen/King W. | Toronto
West40 Residences, Little Italy | Toronto
West 833, Queen/King W. | Toronto
West Harbour City I & II, Harbourfront | Toronto
West One (Cityplace), Entertainment District | Toronto
Westside, Queen/King W. | Toronto
Windermere, Humber Bay Shores/High Park | Toronto
Windsor Arms Residences, Annex/Yorkville | Toronto
World Trade Centre I & II, Harbourfront | Toronto
Worx, Fashion District | Toronto
Wrigley Lofts, The, Broadview/Riverdale | Toronto

X
X The Condominium, Bloor East | Toronto

Y
York Condominium, Downtown East | Toronto

Z
Zed Lofts, Fashion District | Toronto
Zen Lofts, Fashion District | Toronto
Zip Condos & Lofts, Queen/King W. | Toronto

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Buyer Agency

Agency Relationships Explained

Critical to use a Buyer's Agent

Calculators

Land Transfer / Mortgage

by Charles Hanes

"Dog Suites"

Here's the low down - Exclusive from Simplycondos.com

I am confident that I’m not bursting anyone’s bubble when I say that every condo development has good suites and not-so-good suites (in the business we call them "dog suites")... read more>>

What our clients say

“I have worked with Laurie now for over ten years. He has been the founding reason for my exponential success with my property ladder. His keen instincts, deep network, credibility and market knowledge...more>>

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Developing your Buying Plan

The purchase of a condo is a complex and sometimes frustrating thing. The ultimate decision is more like a science of compromise as opposed to simply finding that ideal home in the sky that your imagination has conjured up for you. Most times, a great deal of time, energy and expense is wasted when approaching this challenge from an unstructured and/or undisciplined approach. There is that one gleaning example that everyone has heard about where this guy and his wife just stumbled on the greatest deal in the world one afternoon just walking down the street, but in the every day world that I live in deals are few and far between.

Astute real estate investors know that how you approach the challenge from the very onset is key. The actual implementation strategy changes with market conditions, for example in today’s fast paced, multi-offer market we approach buying differently than we did just a few months ago when the market was more favorable to buyers.

The best tip here is find a professional full-time Buyer’s Agent who is thoroughly versed with the market and individual condo developments that comprise it. Residential condominiums, lofts and townhomes are a highly specialized niche market in the overall scheme of real estate in Toronto as in every market.

As in all professions, regional knowledge and expertise are the cornerstone for selecting your agent. The other critical factor in selecting your agent rests in that agent’s professional positioning. The majority of Realtors today are trying to say that they are both a Buyer’s Agent and a Seller’s Agent striving to capture that elusive “customer” to fuel their straight commission income.

Understand that even the industry itself looks down on the concept of attempting to represent both parties to the transaction. Imagine someone suing you so you retain the other parties lawyer to defend you (lawyers have laws prohibiting such conduct). When selecting your agent be sure to ask them what kind of real estate they specialize in and which party representation do they practice. Should someone choose to sue me (frivolously or not) I want my privileged information between my lawyer and I remaining only between my lawyer and I and not shared between the parties as is possible (actually a legal obligation of the agent is to disclose all things to the other party) with dual agency in the real estate field.

Even before interviewing to select your own agent you should sit down and assess your life situation. Take a map of the city and circle where you work, where you play, where you go to be entertained and any other key influences that play a role in the overall selection of location. They say the three most important things involved in the purchase of real estate are “location, location and location”.

In condos this is not always the case. A disreputable or incompetent builder attempting to develop a condo in an excellent location can quickly dispel that theory. Location is important mind you but neglecting the developer's reputation, track record for building and getting registration (for example to name only a few of the considerations) is just plain ill-advised.

The selection of the right condo is a blend of location, developer, physical amenities and features, price, maintenance fees and what all is included. To go back to our circles on the map game (above), once you have physically drawn all of these various circles onto your map try to identify where overlap exists. Once all these circles of influence converge and are set out you begin to narrow down the geography to places that you are somewhat connected with. This small exercise will assist you to identify the areas that you are best suited for.

You will then want to take a long hard look at whether you intend to move into a resale condo or a new development. Both alternatives offer their own benefits and pitfalls. Obviously, if you are moving to Toronto and want to find something to live in right away then a resale is the way for you to go. However, if time is on your side and you can approach the scenario from a longer term perspective a new development may be in the cards for you. Either way, it is important to identify which way is for you.

Once you have identified whether a new or resale condo is the way for you to go and identified the general area in which you would like to purchase you want to now select your agent. Realtors today specialize. It is wise to interview three or four different Realtors to find someone that you are comfortable with. Many buyers make the mistake of picking the first Realtor they meet or using a family member or friend without regard for how much expertise they bring to the equation. Remember, in Toronto the average price of a condo is just over $200,000, you are investing around a Quarter Million Dollars! Do you really want to help cousin Suzy build into her new career choice at the peril of potentially suffering financial loss (if cousin Suzy cannot read floorplans, siteplans and contracts what possible good can she do you? If she has not been involved in condos and/or buying/selling them can she really fulfill the role for you? The bottom line . . . get a professional agent to represent you. If you would like to see cousin Suzy make some money give her some out of what you’ll save using a skilled professional condo buyers agent.

Your agent will eliminate most of the research for you. You want to identify your wants, needs, and would likes. Identify the area and amenities that you would like in a building. Understand that amenities add to the maintenance. You have got to add in your monthly maintenance fees into you budget and you want to understand that amenities add directly to the costs of operating your condo development.

Swimming pools are money hogs that, if you don’t use, you may want to consider if you want to pay to maintain. They were a huge attraction in the late 80’s and 90’s but the rising price of fuel and energy has lessened their demand. Today you will find viewing rooms with large screen TV’s, etc., boardrooms, and generally less money consuming maintenance features.

Before you even start to run around viewing prospective condos, pay a visit to your banker and get pre-approved for your mortgage. This is a painless procedure that puts you into a solid position with respect to buying. Knowing how much your bank will advance you in a mortgage places you on solid ground when it comes to inspecting properties.

Before you start running around be sure to gain a thorough understanding of “Agency”. After all, you are not a condo specialist and therefore will be dependent upon having someone assist you and it is therefore imperative that you understand who that person is, what role they play and how they will assist you.

They have got to have a hands-on awareness of the market today. There are thousands of units on MLS today but only a select few are quality “high demand” residences in sound condo communities. Unless your agent is thoroughly immersed in the core market today they may prove of little help when it comes to making your ultimate decision. I show our recent purchases on my website.