Reasons why a resale purchase might make more sense for you:
-The building is actually built.
-You can see what the unit looks like & what the unit views are before you purchase.
-You can see what the building culture, structure & amenities are all about before you purchase.
-If the unit includes parking and/or locker, they are already on title, so you know where they will be.
-You have a definite closing date, there are no building delays.
-There are no developer fees or development levy costs in addition to your purchase price.
-You can examine a status certificate which confirms a number of different things: what the current maintenance fees are, if there are any large upcoming costs, any lawsuits, the number of tenants vs. owners etc.
Reasons why a resale pre-construction purchase might make more sense for you:
-You get a selection of floor plans, exposure & floor -not what just happens to be available on the market at the time you are looking at resale.
-There are often various builder promotions: e.g. Lower prices, free upgrades, free maintenance, cash back etc.
-You can stagger your deposits.
-You can prioritize saving and spending to accumulate a larger down payment.
-You get to customize your unit and pick your finishes.
Regardless of whether you decide to purchase resale or pre-construction, give us a call, we can help!
