February 11, 2019
For many buyers in Toronto’s red-hot real estate market, owning a single-family home is out of reach. Fortunately, there are some other fantastic (and relatively affordable) options for those who want to become homeowners. In particular, condo living can provide an amazing quality of life—whether you’re a young professional, full-time parent, upsizer, downsizer, or something in between.
Here are five great reasons why you should consider buying a luxury condo in Toronto…
1) The low-maintenance condo lifestyle
There are few things as exciting as buying a new living space. But let’s be honest: some aspects of homeownership are less than glamorous. Waking up to ice on your front steps. Discovering your furnace isn’t working. Learning your windows need to be replaced. Fortunately, these are things that most condo dwellers never have to deal with. When you move into a unit, a big portion of the monthly fees you pay go toward necessary building repairs and upkeep. The bottom line? Living in a condo, you can expect to have more free time—and a lot fewer headaches.
2) Living at the centre of it all
Are you the type who thrives on the vibrant energy of city life? Do you love the idea of living just steps away from trendy shops, bars, and eateries? Does the idea of a long commute from the suburbs make you cringe? If so, there’s a good chance that condo living is perfect for you. The truth is, buying a home in Toronto’s core—at an affordable price—usually means embracing higher-density housing. That’s a good thing, because you’ll find a wide variety of great condo buildings throughout the city’s most desirable neighbourhoods.
3) Access to condo amenities
If you have trouble finding the time to exercise or relax, you’re not alone. When schedules get busy, trips to the gym, pool, or yoga studio often fly out the window. But in many condo buildings, you have the option of using these amenities without ever trekking outside. Staying active (or blissed out) couldn’t be easier—and that’s not all. There are a ton of other condo building amenities that could make your life easier, from kid’s play areas and craft rooms to WiFi-enabled coffee lounges.
4) Condos are a great investment
There’s no two ways about it: buying a condominium in Toronto is a great investment. For as long as you’re residing in your unit, you can enjoy all of the benefits that condo living has to offer. And once it’s time to sell, chances are that you’ll get a great price. Condo market demand has been particularly high lately. But historically, appreciation rates on units in this city tend to be good. In other words: you can enjoy your ideal living space today, and make a tidy profit on tomorrow. What’s better than that?
5) Decorating freedom!
Do you have an eye for design—or the desire to live in a space that truly feels like your own? If you’re moving from a rented apartment into a condo that belongs to you, you’ll love having the freedom to change it as you see fit. Of course, you should always check with your condo board before making any major changes (just to be safe). But generally speaking, you’ll be free to paint and remodel until your space is exactly the way you want it.
Are you looking for a centrally-located place that you can truly call your own? Do you dream of owning a stylish yet affordable home that’s also a great investment? More and more, Torontonians are discovering the benefits of condo living. Why not learn whether this convenient lifestyle is right for you?
Thinking of buying a luxury condo? I’d love to hear what you’re looking for—and help you explore your options. Reach out today to get started!
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