Investing in condominiums is a good choice, investing in pre-construction condo is an even smarter move and for very obvious reasons. Pre-construction condos are condos under construction and this leads to an obvious reason why it is a smart choice to invest at that stage.
For one thing, it is much cheaper than an already made and fully completed building. So you get to pay less for obviously more. Another reason to make the choice to invest at the pre-construction stage is that the price will definitely appreciate. So if you plan to sell later on, you can be sure of a good profit. Most pre-construction condos offer added perks and incentives. They are just to attract potential buyers and investors but would definitely be yours as soon as you sign the deal.
We would tell you to carefully consider your developer. See evidence that you can trust where you are putting your money. Evidences that we are willing to provide. When investing in pre-construction condos think long term.
It is definitely a bright future investing in pre-construction condos in Toronto.