Toronto is one of the top cities in Canada for condo dwellers.
Toronto is only behind New York City in terms of the number of high-rises and skyscrapers in North America.
Condos continue to be a popular choice in the downtown area as well as Greater Toronto – with many suburbs (Burlington, Brampton, Aurora, Newmarket, Whitby, Missisauga, Ajax, Pickering, Oshawa and Hamilton – among others) seeing more and more condos being built – many of which are low rise complexes.
Condo living is great for singles, couples, young families and empty nesters. Condos offer safety, security and many great amenities, without a lot of maintenance, which make them such a popular choice.
In fact, statistics show that 95% of condo projects are presold by the time they are completed.
Over the past decade, prices for condos in Toronto have risen by about 55%. While prices in Toronto are high compared to some other Canadian cities, they are still reasonable compared to other world centers like New York, London, Paris and Tokyo.
Red Door Home Solutions offers rent to own condo programs to help you transition into a homeowner from a renter. In our program, you get to choose the condo you want in the area you want.* Our team of real estate professionals can help you find it, inspect it and get it for a fair price – avoiding many first time home buyer mistakes.
You get to move in right away and can start decorating and making home improvements. Part of your monthly payment will include a portion that goes towards your equity – or down payment savings. We can also work with you to improve your credit, so you will be able to get a mortgage at a better rate when it comes time to buy the condo.
*Based on your pre-approved budget limit
If you want to get into a condo in Toronto or other areas of Ontario, but are not able to qualify for a mortgage or come up with a large down payment, then call Red Door Home Solutions. We will help you become a condo owner sooner than you thought possible!