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Welcome to Square One Condos .ca
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Square One Condos - Your Guide to Condo Shopping in Mississauga!
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Inside you will find free condo reports, featuring all of the most popular condos in Mississauga. Also, check out Top 10 Condos for detailed photos and info on select buildings in Square One Area.
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September: Market Update
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Toronto, September 7, 2011 – Greater Toronto REALTORS® reported 7,542 sales through the TorontoMLS® system in August – a 24 per cent increase over 6,083 sales in August 2010. New listings, at 12,509, were up by 20 per cent compared to August 2010. Market conditions remained tight as sales growth outstripped growth in new listings.
"Home sales in the GTA have stood up well despite a less certain economic outlook," said Toronto Real Estate Board President Richard Silver. "Home sales will be bolstered by low mortgage rates moving forward. The Bank of Canada is expected to be on the sidelines until the second half of 2012 or even into 2013. However, home ownership affordability in the City of Toronto could be further improved with the removal of the City’s land transfer tax. This tax currently represents a substantial upfront cost for home buyers.”
With market conditions remaining tight in the GTA, the average selling price continued to grow strongly in August – up by more than 10 per cent year-over-year to $451,663. "We remain on pace for the second best year on record for sales. Approximately 90,000 transactions are expected by the end of December," said TREB's Senior Manager of Market Analysis Jason Mercer. "Major home ownership costs, including the average monthly mortgage payment, remain affordable despite the strong price growth experienced so far this year."
May: First Time Buyers Seek COndos
With the raising house prices, most first time buyers cannot afford a detached home: Condos offer flexibility and affordability to first time buyers.
The growing condo market in the GTA gives individuals a wide range of lower prices homes and newer model condos offer hundreds of design options and amenities.
Condominiums represent 1 in every 3 sold homes sold in the GTA.
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April: The Status Certificate
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When purchasing a condominium it is imperative to request the status certificate- you can do this by making the offer conditional on reviewing the status certificate. By reviewing these documents you will be able to get a good sense of the financial shape of the condominium in interest; if the current owner is in default, are any rising condo fees and/or special assessments.
Aside from this, you will receive the most recent annual audited financial statements, audit report, budget, copies of the bylaws, declaration and rules of the corporation and other important information.
This important information will help you decide if this particular condo is right for you.
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March: Reserve Funds
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When purchasing a condominium it is important to ask questions regarding the reserve fund. The reserve fund, (also known as the repair fund’) is money set aside by the corporation for the purpose of covering future expenses. A percentage of your monthly maintenance fees are set aside to pay for scheduled, routine and/or unexpected expenses.
It is always a good idea to investigate if your condo(s) of interest have a reserve fund, and if so, how much. If a common element needs replacing, you will want to know how this will affect you financially.
For example: If windows need to be replaced in a condo, will the cost of replacing them be taken out of the reserve fund, or will a special assessment be called, requiring you to pay more money, in addition to your maintenance fees?
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February: Record High for GTA Condo Sales
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The demand for living in a condo is increasing! There are currently 286 active projects in the GTA, which represents 79,953 units. For the first time, high rises have accounted for more than half of the new home sales in the GTA. Last year, there were 37,041 new and resale condominium units sold.
The condominium offers affordability to the younger generation, which plays a major contribution to the increase of condos in the real estate market.
The demand for condominiums is expected to grow steadily!
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January: Things You Should Know Before Buying A Condo
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Condominiums are ranked as the first choice among first time home buyers! New condo developments pressure buyers to sign up now and buy quickly- it is important to carefully review the deal and have a lawyer look at the contract. As well, it is recommended to use a buyer’s real estate agent; as the real estate agents at a condo sales office represent the developer’s interest, and unless you ask certain questions, they are not legally obligated to tell you everything.
Condo buyers should know that model suites may not be identical to the suite you will live in. Floor plans are subject to change by the time you move in and model suites are often used to sell expensive upgrades. Carefully looking at the floor plans and blue prints could avoid you living in a suite near a garbage chute or having an extra walk-in closet instead of a den.
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Inside you will find a guide to buying or selling homes and condos in Mississauga. Are you thinking of buying a condominium? First Time Buyer? Luxury Condo Buyer? No problem! Here is a very extensive list of Condos For Rent/Lease/Sell in Mississauga And The Most Popular Area Of Square One Mall As Well. This guide will show you a list of the most popular buildings and what to expect to find, along with my personal ratings and a selection of top 10 condos. You will find affordable condo buildings for sale as well as Renowned Properties and Luxury Condominiums, $300,000 & up. Please go through the list and see which Mississauga Condos You Like and Please Call Me For More Information or To Book A Tour. No high pressure tactics, great service, speedy reply to your emails. Same day showings often available! If you wish to buy or sell a condo in Mississauga, Oakville, Milton, Brampton and Basically Anywhere in the Greater Toronto Area, please contact me for immediate assistance. |
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There are currently no featured listings.
There are currently no featured listings.
There are currently no featured listings.
Current Conditions Partly cloudy Humidity: 23% Pressure: 100.5 kPa Wind: W 6km/h Wednesday Overnight 16°C Cloudy with clear breaks
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