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Benefits of Buying Pre-Construction Condos
Pre-construction condominiums are one of the fastest growing investments with the fastest and highest returns. It is also one of the hottest pieces of pre-construction real estate on the market today.
These condos can be purchased for personal use or for turning a profit by flipping the condo after it is purchased and completed. Another benefit is that it can appreciate in value before the project is completed so the owners could realize monetary gain before actually closing on the property.
One other great way to go about this is to rent out these condos once completed which provides the highest return and continuous income year after year. Today Toronto has a population of 2.8 million people (6.4 million in the GTA – Greater Toronto Area), according to Statistics Canada figures Census 2016. The Ontario Ministry of Finance projects that by 2021 the Greater Toronto Area population will have ballooned to 7.2 million, and that Toronto itself will have grown to approximately 3.0 million.
By 2031, it is anticipated that over 3.4 million people will live in Toronto and 8.4 million in the GTA. By 2041 it is also projected that 9.4 million people will live in the Greater Toronto Area and that 3.7 million will live in Toronto. The GTA is anticipated to increase more than half (55.8%) in just 35 years. It’s no secret that with a growing population turns up the demand for new housing. This is a win-win situation for the building and unit owners alike, but you should make sure that you are the first to buy.
In order for an investor to take the most advantage of Buying Pre-construction condominiums is to buy before its open to the public. Prior to opening day of a new condo sales office to the general public, prices may have gone up. This will be an opportunity for you to invest in a unit at the lowest price possible before its open to the public.
You can be one of the first purchasers to be invited to a Platinum VIP Preview Sales Event long before the presentation centre opens to the public. This gives you an exclusive opportunity to have the first access to inventory, best pick at unit levels, floor plans, lowest price not available to the public and the ability to take advantage of Platinum VIP Condo Incentives the builder may offer. This is a perfect opportunity at the Platinum VIP Price.