WHAT KIND OF BUYER ARE YOU?
BENEFITS OF BUYING A NEW CONDO
These are some of the advantages to buying a new condominium:
- Ability to choose where in the building you would like to be located - based on availability
- Choice of layout and suite type
- Ability to personalize your space with the features and finishes that reflect your taste
Better Home Design
- Built with state of the art technology using low maintenance and durable building materials
- Less maintenance, less repairs, and in the long run, less expense
- Energy-saving devices
- Latest styles & trends
- The earlier you purchase in the construction process, the better the price - likely, your investment has already appreciated when you are ready to move in
- Green buildings perform better. This can translate directly into cost savings, as the better equipment, lighting, windows and insulation reduce energy consumption. Click Here To Learn More
FIRST TIME BUYER
A new Tridel homebuyer said: "I recently purchased a townhome at 360 at the City centre and found the homebuying process daunting until I met my Tridel sales representative and she showed me how simple it was to go through the home buying process."
Thinking of buying a condominium? Here are some simple questions to ask yourself when buying a condo.(Don't worry if you don't have all the answers to these questions. Just thinking about them will help you get ready to start your search.)
1. Where do you want to live?What part of the city best suits your lifestyle? How will you get to work? Are there schools nearby? Where can you shop? The answer to these questions is also the answer to the first question of home buying-- which is "Where"?
Tridel carefully chooses locations which offer the convenience and pleasure of living within an established neighbourhood. All the amenities for a comfortable lifestyle are close at hand, from shopping to green space ...public transit to entertainment ...and more.
Use our Interactive Map to see all Tridel locations.
Use our condo pricelist to find a condo
2. What type of home do you want to live in?After location, the next decision you'll have to make is about the kind of space you want to live in. There is a world of options to choose from, including high rise, low rise and town homes. You'll also need to think about the combination of rooms and living spaces that would best suit your needs. Do you need 1 bedroom, 2 or more? What is the best type of layout for you? What direction do you want to face and how high up would you like to be? What types of amenities are you most interested in?
Tridel has come to understand that designing a home is about more than square footage, and should reflect your tastes and values. We have over 60 years of experience in designing homes that are comfortable and convenient.
3. How much do I want to pay?To answer this question, you will first need to determine how much you can afford based on the location and the type of home you want to live in. You will have to decide on an appropriate down payment as well as your mortgage carrying ability. You will need to add these numbers to all other loan expenses you might have as well as your total average monthly expenses. The sum of these numbers needs to be an amount that you can comfortably cover within your available financial resources.
4. Do the researchAlthough there are many reputable builders in the GTA, you will need to take some time to determine which builder you have the greatest confidence in. Check out various web sites, drive by locations and meet the sales representatives. Learn about a builder's reputation through someone who actually lives in one of the buildings they have developed. Find out about the level of experience they have with the type of building you want to move into.
A great resource for builder research is on the Tarion web site: Find a Builder.
The Greater Toronto Home Builders Association is a group who can help you make an informed decision in your search for a new home.
The Home Pages from the Greater Toronto Home Builders Association is another tool that you should take advantage of.
5. How do I make my purchase?Once you've made all the tough home buying choices, you will need to start the paper work. Because buying a home is such an emotional and exciting experience, it can be difficult to focus on contract details. We recommend that you work with a lawyer who specializes in condominium purchases to help you through this process.
For a list of lawyers with expertise in Condominium purchase & sale, click here.
Agreement of Purchase & SaleThe home purchasing process starts with signing the Agreement of Purchase and Sale. You need to review it carefully as it is a legally binding contract. Not only does it include the purchase price, it also includes terms and conditions that will apply to the transaction, a description of how the purchase will be financed; the closing date; the date possession will be delivered to the buyer; pre-delivery inspection and other contingencies.
Disclosure Statements & Condo documentation (by-laws, rules & budget of the condominium corporation): The disclosure statement and documentation encapsulates all the important information about the condo you are purchasing. You will need to make sure you read this document very carefully.
To learn more about Tridel's commitment to new residents, we recommend you view Customer Care section of the website.
Please check out the Glossary for a list of terms that you may find in your Condominium Documents. Or if you have questions regarding any aspect of the condo purchasing process, you can check our Frequently Asked Questions section, call us at 416-661-9394, email us at firstname.lastname@example.org.
Some homebuyers are interested in renting their suite and legally must wait until after Final Closing. Our sister company Del Condominium Rentals(DCR) however, allows you the opportunity to begin renting your suite earlier, right from Interim Closing.
DCR - a proud member of the Tridel Group of Companies - is the leader in the condominium rental industry; with over 1,400 suites across the GTA in their portfolio and over 20 years experience.
While DCR is required for every customer who will be renting their suite during the Interim Occupancy period, their success allows them to maintain a relationship long after we complete the community. Their focus is to maintain the investment asset by providing the following services:
- Marketing and advertising of your suite
- Tenant Screening
- Maintenance and Repair
- Insurance Coverage
- Compliance Enforcement
- Revenue Retrieval