Pros and cons of purchasing a new or resale condo

A recent Toronto Star article reports that more than 20,000 new condominium units were completed in Toronto in 2014, and that by the end of October, almost 19,000 new units were sold.

This jump in new builds is a result of a number of factors, including rising costs in the housing market, the draw of a “downtown” style of living, and efforts by condo builders and communities to attract potential buyers by building in areas of convenience, such as close to a subway line, and bringing amenities, like parks and schools, to condo-rich areas.

See the full article published at advocatedaily.com

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