If you're a condo owner in Toronto or considering buying a high-rise unit for the use of passive income, there's one thing that shouldn't be an afterthought: Condo Insurance in Toronto. While city life, amenties, convenient living and stunning skyline are often the selling points, a robust insurance policy for Toronto...
The exciting city of Toronto is known for its skyscrapers, lively and diverse neighborhoods, and a Canadian hub for culture, opportunity and business. One thing the cityscape is peppered with is condominiums—those shiny high-rises that offer a slice of the urban lifestyle. However, owning or managing a condo in Toronto is...
Toronto's urban sprawl tells a story about how we used to live: detached house, full yard, and space as paramount. But with micro condos—condos of 500 square feet or less—making up 11% of the new condos coming onstream in the GTA this year, the shift from car culture to transit-friendly, neighbourhood-centred, community culture is in full swing, as Toronto buyers and renters are embrace the advantages of a clean, compact lifestyle.
Here are four ways choosing condo-sized living can change your day-to-day routines—for the better.
1) Say goodbye to high heating and utility bills.
Most condo corporations don't meter out heating, water, and hydro costs on top of your monthly rent: They combine those costs, along with your share of any major capital repairs, into a fixed monthly charge called condo fees, which are set by the condo board. The budgeting benefits are part of what's attracted buyers and renters of all ages to condominium living. The next big cold snap won't wreck your budget once the heating bill comes in, and fluctuating hydro rates are absorbed and evened out over the year.
On top of that, your share of your building's condo fees is allocated based on the square footage of your unit—anywhere from 50 cents to a dollar per square foot, depending on the age of the building, how many amenities it contains, and how many units are there to share the load. So a smaller unit means a lighter load when it comes to condo fees—and your entire utilities and heating bill, letting condo owners keep their costs down and condo renters, more often than not, see their entire utilities bill included as part of their monthly rent.
You've found your new condo, packed everything, changed your addresses, turned in your keys, hired your movers, and your move is officially eating your dust—right? Not so right. You've still got to unpack and set up your new place, and since the rest of the world considers Moving Day the end...
The Toronto real estate market is a dynamic one, especially with an increased number of people opting to invest in condominiums when semi-detached and detached housing becoming increasingly more expensive. Whether you're an investor or a tenant of the Toronto housing scene, understanding the nuances of the market can be...
Aspiring first-time and real estate investors alike often overlook one significant avenue to sharpen their investment strategies: visiting open houses. An open house is more than just a casual visit; it's a learning opportunity. Let's uncover why these visits can make you a smarter investor. Gaining Market Insight in Real Time Unlike online...
Moving house is commonly called the third-most stressful event we experience in a happy, healthy, day-to-day life. However, a smooth move is achievable with a little planning and organization. Have a seamless moving day with these easy advance moving day tips: 1) Don't get mad, get organized The earlier you start organizing...
Are you keeping up with the rental news from 2023 across the GTA? Rental growth continued around the GTA in Q2 2023 with the booming condominium market had double-digit rent inflation for the eighth straight quarter, reaching a record 12.6%. With rents skyrocketing, demand for smaller, less expensive homes has increased,...
Curious about the impact of interest rates on the ever-changing real estate landscape, specifically the condo rental market in Toronto? Let's delve into how interest rates can influence your home ownership decisions and when it might be advantageous to opt for renting out your high-rise condo. Understanding Interest Rates Interest rates are...
To sell or to rent out? This article aims to assist condo owners in Toronto who faces the common financial decision of whether to sell or rent out their property for passive income. By exploring factors like market conditions, financial goals, property management, and personal preferences, we provide insights and guidance...
In the ongoing quest for an ideal urban living environment, Condo Rentals at THE WELL in Downtown Toronto emerge as a luxurious and convenient choice. Situated in a vibrant neighbourhood at the very core of downtown, this energetic locale has become highly sought after by renters seeking the perfect fusion...
Moving's a busy time, and with so many balls in the air, it's easy for important tasks to fall through the cracks. Here's a simple moving checklist to help you organize, prioritize, and wake up on Moving Day feeling on top of the world. Two Months Before Your Move Do Some Decluttering We...
If you are interested in investing in an income-generating property in the Greater Toronto Area, it's essential to conduct proper research and due diligence. Although real estate investing can be a lucrative opportunity, it's important to take necessary precautions before making any financial decisions. In this article, we will discuss...
Have you ever encountered a troublesome tenant? Their behaviour can create stress, inconvenience other building occupants, and even damage your standing with the condo board. Managing challenging tenants in a condo investment property can be an arduous task for property managers, especially in Toronto where the rental market is thriving...
High Park's always been known for its natural beauty, community friendliness, and cozy, locally owned shops. What's less known is that it's also a neighbourhood absolutely packed with services and conveniences, where everything a busy professional—or a growing family—will need is at your fingertips in just a few short blocks. So...
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