This post has been "on my list" for a long time. I've had a few clients ask me recently about pre-construction and the first thing I tell them is they need to be aware of the risks. Today I want to lay out a dozen of those risks for you. I've written this point with condominium apartments in mind, but most of the points apply to condo townhouses as well as pre-con freehold houses too. Photo source: globalnews.ca 1) Cancellation This is the risk the condo you... [read more]

I was in a recent Toronto Star article on buying pre-construction condos, and I've been sitting on this data for a long time and meaning to write a post about it. Here's that post, on condo fees being higher in reality than were  advertised to you when they sold you your unit. photo by JasonParis, Creative Commons license How prevalent is underestimation by developers? First a bit about what these numbers are based on. I was provided with a... [read more]