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#VerityAnswers – What is Interim Occupancy?

#VerityAnswers – What is Interim Occupancy?

Interim occupancy is the period of time between the day you occupy your unit (move in) and the day you take ownership (close and get your mortgage). Interim occupancy is the point at which you are forced to move into your new construction condo and pay a fee (called the interim occupancy fee, which is…

#VerityAnswers – Should I Compare Mortgage Rates?

#VerityAnswers – Should I Compare Mortgage Rates?

Yes, you should compare mortgage rates. Whether you are working with a big bank mortgage specialist or a mortgage broker, we think it is prudent to have someone working on your behalf, not only to get the best rate but also the best terms. Rates are important but a great mortgage broker will customize a…

#VerityUpdates – Leslieville Market Update March 2020

#VerityUpdates – Leslieville Market Update March 2020

This update is a little bit different from any other updates because we had a lockdown and a State of Emergency declared in the middle of the month.You might be wondering how this affected our market, so let us tell you what we’ve been seeing. Prices have reverted back to what properties were selling for…

#VerityAnswers – Should I Buy Parking When I Buy a Condo?

#VerityAnswers – Should I Buy Parking When I Buy a Condo?

We used to always encourage buyers to purchase parking, if they had the option to get a condo with parking. Now, we recommend considering your exit strategy when thinking about parking. Think about the Buyer who will be buying this condo from you, in the future, and whether or not they will want a parking…

#VerityAnswers – Offer Process Explained

#VerityAnswers – Offer Process Explained

When you submit an offer (not multiple offers or where you are competing against another buyer for a property) the process typically follows a series of logical steps. Before we begin, let’s outline the players involved. There is a Buyer and their realtor, the Buying Realtor. There is the Seller and their realtor, the Selling…

#VerityUpdates – March 2020 Market Update

#VerityUpdates – March 2020 Market Update

Market stats came out for April and as we’ve mentioned, not much has changed across the GTA (statistically). The average home price was up 14.5% across the GTA to $900k. Sales activity was up 12%. New listings were up 3%. Active listings were down 31%. Sales and Listings are down. This is important to note. …

#VerityAnswers – Are Maintenance Fees a Waste of Money?

#VerityAnswers – Are Maintenance Fees a Waste of Money?

No. Maintenance fees ensure a condo functions smoothly, appeals to buyers (meaning, curb appeal) and that home owners live a bit more ‘stress free’ than house owners. Before you buy a condo, ask yourself these questions to help bring clarity to the great maintenance fee debate. 1. Are you proactive with repairs and do you…