Buying a condo - Page 2
Old 03-08-2010, 02:45 PM   #21 (permalink)
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screw u torontotians, mississaugaians rule!
23 years i lived in mississauga, dude..... i didn't realize how stupid a place it is until i got out.
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Old 03-08-2010, 02:55 PM   #22 (permalink)
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screw u torontotians, mississaugaians rule!
hehe... i was kidding.

Mississauga isn't so bad.

I like parts of it.

I guess it just depends what sort of things you look for towards your lifestyle.
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Old 03-08-2010, 03:05 PM   #23 (permalink)
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I can gurantee that mississauga will be a hot city in the next 20 years. CEOs don't want their businesses located in toronto anymore, most of them are moving to mississauga for many reasons. Traffic is one, toronto is in such debt, and they have to cover the costs some way so the property tax is almost double of mississauga. Our family bought our house for 365 000 and 7 years later sold it for almost half a mil. Where do u live now wu and why do u think it compared to sauga?
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Old 03-08-2010, 03:18 PM   #24 (permalink)
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Originally Posted by iRaptor View Post
I can gurantee that mississauga will be a hot city in the next 20 years. CEOs don't want their businesses located in toronto anymore, most of them are moving to mississauga for many reasons. Traffic is one, toronto is in such debt, and they have to cover the costs some way so the property tax is almost double of mississauga. Our family bought our house for 365 000 and 7 years later sold it for almost half a mil. Where do u live now wu and why do u think it compared to sauga?
Bloor West Village/High Park.

There are some things that I can see people liking about the suburbs.... lots of parking, quiet streets for the most part, larger houses....

BWV is nice because you can walk to any shop you want.... i love the architecture and unique street layouts.... but it's more than that. there is a certain feeling of community that i just never experienced in the 'sauga.
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Old 03-08-2010, 03:50 PM   #25 (permalink)
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Quote:
Originally Posted by iRaptor View Post
I can gurantee that mississauga will be a hot city in the next 20 years. CEOs don't want their businesses located in toronto anymore, most of them are moving to mississauga for many reasons. Traffic is one, toronto is in such debt, and they have to cover the costs some way so the property tax is almost double of mississauga. Our family bought our house for 365 000 and 7 years later sold it for almost half a mil. Where do u live now wu and why do u think it compared to sauga?
the only thing that will make Mississauga hot is global warming.
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Old 03-08-2010, 03:56 PM   #26 (permalink)
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Bramptons the next big thing after TO
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Old 03-08-2010, 04:52 PM   #27 (permalink)
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I've read a few things the past little while about how the prices are going to come down in the next year or two, so you might want to look into trying to find out some information with regards to that.

Urban Toronto would be a great place to post this - in the Real Estate section. They're fairly knowledgeable about these sorts of things.

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Old 03-08-2010, 04:56 PM   #28 (permalink)
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Bramptons the next big thing after TO
I'd rather live in Sauga then Brampton.
But Sauga's still shit, Bramptons just worse.
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Old 03-08-2010, 05:02 PM   #29 (permalink)
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Condo living isn't too bad. However buying an actual house with property will always be a better investment.

Saying that I have condo myself and while searching for one I realized its a huge process.

Examples

1. You want smaller condo fees try to look for Townshouse Condo's or Stackable Condos. They aren't that popular but they are around and the condo fees reduce dramatically.

2. If time is your friend I'd suggest scouting out preconstruction condos. You will get much better value and the starting condo fees will traditionally be lower for the first little while. Their is a downside to this as many developers will delay delay delay.

3. Find out who developed the condo you currently want to purchase. When I was taking my time looking around I was so glad I scouted out the developers. Some condo developers take forever, scrap projects or are just shitty builders.

Personally I've lived in one Townhouse condo and currenting waiting for a development to finish and its also a townhouse condo. I love the concept but again its to each his own.

Good luck in your search its a pain in the ass but if you do it right it will be rewarding.


Lastly, Missisauga doesn't suck that much at least they have a balanced budget. Heck last time I checked they were in the Black but thats largely due to Whoring off of TOronto's name.
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Old 03-08-2010, 05:50 PM   #30 (permalink)
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Bramptons the next big thing after TO
I hate Brampton. I work in that area quite a bit.....and i can't really put my finger on it, but i cand stand the area at all!
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Old 03-08-2010, 05:52 PM   #31 (permalink)
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Originally Posted by DVS View Post
Condo living isn't too bad. However buying an actual house with property will always be a better investment.

Saying that I have condo myself and while searching for one I realized its a huge process.

Examples

1. You want smaller condo fees try to look for Townshouse Condo's or Stackable Condos. They aren't that popular but they are around and the condo fees reduce dramatically.

2. If time is your friend I'd suggest scouting out preconstruction condos. You will get much better value and the starting condo fees will traditionally be lower for the first little while. Their is a downside to this as many developers will delay delay delay.

3. Find out who developed the condo you currently want to purchase. When I was taking my time looking around I was so glad I scouted out the developers. Some condo developers take forever, scrap projects or are just shitty builders.

Personally I've lived in one Townhouse condo and currenting waiting for a development to finish and its also a townhouse condo. I love the concept but again its to each his own.

Good luck in your search its a pain in the ass but if you do it right it will be rewarding.


Lastly, Missisauga doesn't suck that much at least they have a balanced budget. Heck last time I checked they were in the Black but thats largely due to Whoring off of TOronto's name.

Thanks for the Info. And yes, i have time on my side and would actually like to get a condo that under preconstruction.
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Old 03-08-2010, 06:11 PM   #32 (permalink)
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Ah, you're all wrong. Wingham is the place to be!!!

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Last edited by Dark Knight; 03-08-2010 at 06:18 PM.
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Old 03-08-2010, 06:21 PM   #33 (permalink)
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Thanks for the Info. And yes, i have time on my side and would actually like to get a condo that under preconstruction.
probably best to get answers from a real estate profesional, but in the vein of personal anecdotes, i'll tell you this: my good buddy once bought a condo in toronto under preconstruction. he waited six years while the developer delayed and delayed. eventually he had to move to england for work and he sold the condo for less than he paid, and they still hadn't broken ground. all the while he was flat broke after laying down his down payment, and he was still paying rent. it financially crippled him and his wife until they got out from under the burden by selling at a loss.
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Old 03-08-2010, 06:28 PM   #34 (permalink)
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where are you living currently?
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Old 03-08-2010, 06:30 PM   #35 (permalink)
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Obviously depending on where you are jeff, there are a handful of nice new condos going up in east Oakville near Lakeshore. In general there's a lot of building going on in Oakville within the next five years so you'd be stepping into a growing community. If you're on the east side you'd be close to downtown Oakville which is quiet, but is very nice and would have everything you need not to mention access to Lakeside trails.

The only thing with Oakville, especially east Oakville, is land costs are pretty expensive to say the least. What's your price range? If you're willing to fork out a couple extra cents on the dollar you could get something really nice in a very safe, liveable area.

I haven't been paid by Oakville to say any of this, just an FYI.
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Old 03-08-2010, 06:34 PM   #36 (permalink)
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where are you living currently?
East York close to the Beaches.
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Old 03-08-2010, 06:36 PM   #37 (permalink)
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its impossible to give you any sound advise if you just say "i need help buying a condo", and asking random questions.
your current living situation needs to be addressed first... such as where are you currently living?
do you own a place right now?
are you selling to buy the condo?
do you live with your parents?
are you renting a place right now?
are you planning on living alone?
is this your first real estate purchase?
etc,, etc...
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Old 03-08-2010, 06:39 PM   #38 (permalink)
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i bought my condo about 5 years ago... first real estate purchase...
i had to wait about 2 years for it to be built, and when it finaly got built, i moved in with my GF... my money situation wasnt that great so having her second income was huge.
if you wont have any issues with money, you should be good.
im in richmond hill and the building is about 3 years old... its gone up about 40 k, and im paying under 300 in monthly maint.
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Old 03-08-2010, 06:51 PM   #39 (permalink)
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Quote:
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23 years i lived in mississauga, dude..... i didn't realize how stupid a place it is until i got out.
When did you move buddy? Didn't know that you used to be close by!
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Old 03-08-2010, 06:54 PM   #40 (permalink)
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Quote:
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I'd rather live in Sauga then Brampton.
But Sauga's still shit, Bramptons just worse.
Quote:
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I hate Brampton. I work in that area quite a bit.....and i can't really put my finger on it, but i cand stand the area at all!
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