DOWNTOWN TORONTO CONDO: FIRST OFFER – FIRST DEAL.

A fantastic win for my first time homebuyers in a (finally) more stabilized market!

Vishal and Palak have just received their PR, and realizing the importance of owning real estate, immediately set on a journey of hunting a downtown Toronto condo.

Even though the market is more even right now, this unit is absolutely gorgeous, so we still ended up getting into a bidding war..

To be fair, we weren’t sure if we will encounter any competition, but handling real estate transactions in Toronto taught me to come to negotiation table prepared and ready for a fight. We completed all the due diligence ahead of time, and did a couple of extra things to ensure that we crushed any competition that comes our way.

The result is a couple of very happy clients – I couldn’t feel happier seeing this couple taking ownership of their very first (and hopefully not last) piece of real estate!

If you are looking to purchase a downtown Toronto condo, right now might be the best time to do so. The market has stabilized following the interest rate hikes by the Bank of Canada. This means that the demand has cooled off slightly and currently it is much easier to purchase a condo than ever before.

While bidding wars are still happening, the buyers are experiencing an unprecedented reduction in competition and while the prices haven’t seen a significant change, they are not rising as rapidly as they were.

Having said that, it is still a competitive marketplace and a proper buying strategy is important. I have been working with downtown Toronto condos for years now and this market is a second nature at this point.

If you are looking to buy a property, but don’t know where to start, let’s sit down for a coffee and discuss your needs. I will be happy to answer any questions and put together a strategy that will guarantee you a successful purchase of a property of your dreams. Contact me today: