Well, it’s that time again. With a surge in sales in October 2017, we have seen a renewed interest in pre construction projects outside of the city. Let’s remember, only a few months ago, people were praying for a market collapse and sales figures were reported to be down nearly 20%. The key is to find new homes NEAR Toronto- and that means knowing about pre construction projects.
Somehow, given that: home values when factoring in square footage and location haven’t budged. Misleading statistics aside, people still need places to call home! I have been advocating for affordable rentals and housing in the city of Toronto for a long time.
The fact is, private entities have a responsibility to their investors to maintain prices to provide returns. We cannot reasonably expect a private builder to represent the interests of the general public, nor should we.
Rightfully so, some builders have expanded further outside of the city to offer their investors (and end users) of residential homes immense value in up and coming areas. When it comes to the long term success of a builder, they need to be able to see outside the scope of profits and reputation.
With many exciting projects scheduled such as Edgewood Greens in Dundalk, Woodbridge Park Townhomes in Vaughan, River Oaks Townhomes in Whitby, Pinewood Trails in Angus, Grand River Woods Townhomes in Cambridge, Trendi Towns in Markham and so many more of the cusp of release: the opportunities for you are endless.
The fact is, many Toronto residents have been priced out of the local market. They may very well own a home with a limited mortgage, but to invest is just outside of the budget. They tend to call and ask whether they can find out about new homes near Toronto for sale. When it comes to pre construction projects, the key is to get in EARLY.
It’s not too late, and you certainly wouldn’t be buying in the top of the market in somewhere like Angus Ontario! That said, it’s certainly wise to be aware of all your costs before putting your foot into a market with less immediate rental potential. Give me a call if you need some help with researching an area and a particular project. I can give you more than an estimate that can help you find new homes near Toronto at day one pre construction prices.