So, you want to buy a pre-construction condo?
Great move. Pre-construction condos are an amazing conduit to build equity and secure financial freedom.
Great move. Pre-construction condos are an amazing conduit to build equity and secure financial freedom.
Sure, if you want to get bottom of the barrel inventory.
Developers sell in a precise order of importance. First to family/friends and insiders who may have invested in the project, second to VIP brokers who they deal with extensively, then to “VIP” brokers at at “VIP” launch and finally, to members of the public at another “VIP launch”. Then it’s just regular sales but at that point all the good inventory is gone and prices have gone up. See how many VIP launches there are that aren’t really VIP? Insiders purchase far before anyone else. In this current market in Toronto it’s virtually impossible for a member of the public to buy a one-bedroom condo ahead of the line.