Ask An Expert: Should I buy a pre-construction condo?

Original article via NOW Toronto. Click here to read.

There are usually only two seasons in Toronto – winter and construction – but for buyers trying to break into the real estate market, there’s a third: pre-construction.

There’s certainly no shortage of available options if you’re looking to buy a condo in a city that grows them like dandelions. But for savvy investors and young people who want to save while they wait, it’s a tempting option to buy before a building breaks ground.

As low- and high-profile developments reorient to meet the demand, pre-construction is becoming more and more accessible. At the same time, as attractive as persuasive as the reps at the sales office might be, there’s always a risk in buying something that technically doesn’t exist yet.

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