Condo living is not for everyone. But it is definitely preferred in the great city of Toronto in Ontario Canada. Condominiums are chosen for those who are looking for a millennial lifestyle.
A way of living which offers ease in access to work and recreation facilities, from office and public transportation hubs through to restaurants, entertainment venues and other amenities. Pools, gyms and recreation rooms are big draw for folks who are looking to take the plunge as these facilities help them upgrade their lifestyle without huge initial expenses.
The fact that many Toronto condos located close to the downtown area proves that moving into a Toronto condominium comes with great advantages. Though one has to pay a monthly maintenance fee, someone else undertaking the responsibility of all outside work, including snow shoveling, lawn mowing, repair and maintenance of pools etc is a big relief. One doesn't have to worry about finding the time or energy to do them oneself. This type of living allows major costs to be shared among condo owners, with a reserve fund always available to ensure that important jobs are done on time.
Toronto condos have experienced an increase in value as compared to houses in recent past but the challenges associated with condo living such as price, appreciation, maintenance fees etc has caused some alarm lately in the Great Toronto area. Depending on where you want to live in Toronto, the purchase price of a condo can be more expensive than a freehold property.
Contrary to a popular belief, condos come in different shapes and forms. They can be duplexes or triplexes, low-rise or high-rise buildings, and even freestanding houses.All these types of properties are called Condos as they have shared territories maintained by condo boards.
SWith innovative designs and enhanced facilities new Condos in and around GTA are in greater demand even after a 7.2 per cent rise in condo prices. There is no denying to the fact that today, more people are buying Toronto condos than ever before. Be it first-home buyers or existing homeowners looking for lucrative investment condos are not only making a great alternative to fixed homes but also are proving as valuable investment tools. In today’s fast-paced world, it makes a lot of sense to live in the center of everything and have access to all the best this world has to offer.