The lack of supply and tremendous demand has created a very strong and competitive real estate market in Toronto, which will only be further fuelled by the strong immigration projection in the coming decade. This is where pre-construction can be a great alternative to resale in the Toronto market both for investors and first-time home buyers. 

 

There are many advantages of pre-construction, here are just five of them:

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1. Deposit Structure- With no mortgage obligation until closing, this is a great way to slowly pay for your downpayment 

2. Transitional areas- There are many up-and-coming areas in Toronto which can help accelerate the time it takes for your property to appreciate. 

3. Passive Investment- On average it takes 3-5 years for a pre-construction project to be completed and turned over to investors. During those 3-5 years, you are investing your money and generating value without doing anything yourself 

4. Clear and simple process- In a pre-construction process you have many projects and units to choose from without having to worry about bidding wars and multiple offer situations. It is a more stress-free approach to investment 

5. New- Once the project is completed, you have a brand new property that most likely does not need any attention from you in terms of repairs and maintenance. 

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Pre-construction has become a great alternative for getting into the real estate market and with that popularity, the number of projects and opportunities has also dramatically increased. Therefore, you need someone on your side that knows the right projects and the best developers to help you make the best decision. We would love to be your partners in this process! Get in touch!

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