Tyler Tim Realtor

There may be many factors behind a strong growth  purchasing power towards condominiums, but the following are the three main reasons: o    Demand for attractive downtown neighbourhoods that are walk-able and have ample access to transit. o    Younger and senior demographics want to live in location-efficient neighbourhoods to reduce commuting struggles. o    The challenge of finding an affordable single-family home in central downtown Toronto. The demand for condos in the GTA have been increasing whether it be ranging from expensive single-family homes to delayed childbearing, all of them are interested in purchasing or renting a condominium. The speed of the construction has been faster than demographic needs. However, several other factors are increasing as well which will thereby slow the construction process. Some of the factors include higher traffic and transit congestion, which draws people to live clos...

There are many condo developments across the GTA and they have to comply with a set of rules and regulations. The Condos are inspected by architects and engineers of different specializations to ensure they meet the criteria. Condos currently being built in the GTA invest a lot of capital into energy-efficient technology, from solar panels to lighting systems, they try to find as many green appliances they can implement into their designs. Condos built across the GTA must comply with the Toronto Green Standard, which is a two-tier set of performance measures related to sustainable site and building design for public development. These standards also focus on condos that try to create a safer environment for residents in the area. As a result, condo developers are in constant contact with companies that specialize in green building programs to make their condo the most energy efficient. Many developers often exceed the standards which increases the benchmark for new developme...

Thinking about moving? Why not buy a Condo!   Over $20 billion worth of condominiums are under construction across the Greater Toronto Area with an expected 25,000 units to be completed by the end of 2014.  The completion of all these condos will certainly make it a buyer’s market throughout 2014 especially with housing prices on the rise.  Mississauga is one of the surrounding cities that is allowing for a vast amount of condominium investment in its city. Still not sold on the idea of living in a condominium? Here are some of the benefits of condo living: Often situated in prime locations  More affordable than a single family home Low Maintenance   Equipped with many amenities To get a full list of the pros and cons of living in a condominium check out this link below: Condo vs House Benefits & Drawbacks