The Ultimate Toronto Condo Buyers Guide

I am going to buy a property in Toronto area around this summer. Can you help us? Thanks

Condos can be high risk with high reward. I know people build their real assets with condos really fast but also people who couldn't get the mortgage at closing. Just be careful and make sure you understand the risks.

BTW I found it time-consuming to jump between different websites to search and compare the schools. So I made this chrome extension to make it easy. You can find the intro in my channel.

Tom is a great guy. Don't hesitate to do business with him - he advises his clients and responds to his followers too. Wishing you the best with this channel!

This is a really good video Tom.

How is the real estate market now in the GTA? Is it a good time to buy? Great detailed video btw.

Would you please make a video of flipping tips ?

Thank you so much for sharing.. this was really informative ❤

We just got pre-approved and are about to start looking for our first condo in Mimico and this video was sooo helpful!! I feel way more educated, thank you!

Such a great video, thank you so much!

what are your views on fuse 2 condo(dupont and lansdowne)?

Very very good discussion

Very useful video. Thank you for taking the time to give this information

This video is so helpful. Thanks for putting this

It looks like TRREB has added a column to the Market Watch (Mos Inv (Trend)), however I'm not sure how it's calculated because it's not Active Listings/Sales..

Love this video! Comprehensive, simple and cover all the points. Appreciate the work you put in this long video.

Back-Up Generators should be mandatory for High-Rise Buildings... but include the Water Pump??? 10 days May 2022... no water, no power = Derecho. Otherwise the older Condos... dont have the Glass Balcony... see thru... it's a Concrete Bunker (if they even have a balcony). Newer are probably a lot more Energy Efficient = Insulated. Having indoor pool is great... but brand New pool still breaks down time after time after time... it's hi-larious or just sad. Curiously even new appliances can have a high failure rate... it's just bananas. Anyhow Zero Disclosure offered about BACK-UP generators, if you're an old timer living in a Condo.

Amazing video! Great information, you made it easy to understand and follow. I'm definitely going to use this info to help in my new condo purchase. Thanks!

Thanks for the video! One of the more informative videos I have seen, great job.

What a very informative video, well detailed and I learnt a lot in this. There is one question, not covered in the video, supposedly I buy a condo with a Tenant thats been living there for years, what are the conditions one can put in the offer, to make sure the property will be vacant at closing, or what legal recourse does one have if you buy a condo with a tenant and with no conditions on the tenant but by the time you close tenant is refusing to move out?

SO much value in one video. Excited to buy my first condo. Thank you so much Tom! Please keep making content like this :)

Perhaps it’s just my perception - but aren’t owner occupied majority buildings kind of rare?

Helpful and thorough

I can confirm that the "out of 10" rule worked during our home search. The non-negotiables, such as the floor plan, building, and location, were a 10, while the cosmetics were an 8. Our condo is now a 10 after some TLC, paint, and other minor home improvements. Older buildings with reasonable maintenance fees, in my opinion, provide the most functional space.

We used and recommend The Storey Team.

Amazing educating video. It was very informative and engaging too. Keep up the amazing work. Could you please share the link of the calculator you mentioned in the video as well.
Thank you

Hi Tom, thanks for another informative video. I am looking to sell my one bedroom + large den, 1 washroom, no parking, condo apartment, in an older building, in the St. Lawrence Market area. My condo fees are approximately $1/square foot including all utilities except for cable and internet. My corner unit faces into a small park (not sure if that is a huge factor). In this weak resale market, if I was willing to offer qualified purchasers a VTB mortgage for 85% of the purchase price, at a market/chartered bank mortgage interest rate, would that make it easier to sell my unit? Thanks.

i would love to watch house buyers guide as well! I LOVED man!! thanks for the hard work!!

Thank you Tom for sharing this - absolutely the most easy-to-follow yet comprehensive guide for first-time home buyers I've come across. Most appreciated!

This was a great video - super value add information!

Excellent information.

Could you suggest any resources to learn more about developers regarding how to better assess them/what to look out for? Thanks!

very informative watched the whole thing

Mr Tom i love ur videos man,,
is buying a ground floor apartment bad idea? i just purchased one in DEC 2020 n the reason i got the ground floor cuz everything was sold out BTW its in Burlington and its my investment and i paid $888 for sqf and its 905 sqf!!

We need videos like this.

Thx u sir.

I recently bought my first condo (1st time buyer) in Aug 22. Thinking about the years ahead, do you recommend any specific time period to wait before trying to transition to a townhouse? I am not sure what's the best strategy to make this move as the price gap between a condo and a townhouse is high.

This video is longer and better written than the last Batman Movie.

what was the average condo maitenance fee % increase in Toronto this year?

how do you navigate selling a condo and buying a new one at the same time? is the insured amount thats added to mortgage when making deposit less than 20% essentially lost if I sell my current condo?