Condo Living: A prime option for boomers

By Susan Quaglieri (*source Real Estate Marketing)

The condominium market… is it here to stay? Different sources point to the Empty Nester and First-Time Buyer. You know that the condo market is a viable investment when you see first-time buyers in line-ups at new sales centres across the GTA and empty nesters searching for a property to replace their existing home, no longer needed because it’s either too big or too expensive to maintain. 

WHAT ARE THE MARKETS SHOWING?
An excerpt from a recent issue of Real Estate Marketing reads: “Canada’s condo market continues to remain a good opportunity for the first-time buyer… all eight markets registered moderate price growth in 2007 and are forecast to continue to have moderate growth this year and through to 2012.”* That spells opportunity in the condominium market share. In addition, the forecast is broadcasting: “Condos are still filling the demand for relatively affordable housing.”* This means we need more affordable housing. Why? More immigrants, more first-time buyers and, last but not least, our baby boomers… all of these buyers have a housing need  that more than likely will be a condo.

IS CONDO LIVING RIGHT FOR ME?
Is your space costing you too much for your budget?  Is your home a green-friendly environment? Do you want to be free from the need to maintain your space? There are also many questions to ask about the building/developer/builder/by-laws, etc., before you enter into an agreement of purchase and sale. Make sure that you hire a condominium professional enabled to answer critical and crucial questions attributed to condo living.

Susan Quaglieri, Sales Representative
Royal LePage West Group, Brokerage
Office: 416.245.9933
Cell: 416.524.0401
www.susanqhomes.com • squaglieri@trebnet.com