These Condos In The GTA Give You The Best Value For Your Money
A cheaper alternative to homeownership.
These condos in the GTA give you the best value for your money.
If you're trying to find an affordable condo in the GTA, a new report details where you'll get the best value for your money.
A report by Strata, a real estate platform, lists condos with the best value based on two factors; cost per square foot and the affordability of maintenance fees.
At the moment, the condo with the best value in the GTA is the Leah Crescent Townhomes in Vaughan, offering $452 per square foot and 16 cents per square foot in maintenance fees.
Okay, so that pricing doesn't scream value, but it's way lower than the neighbourhood's average, which is $767 per square foot and 70 cents per square foot for maintenance. So, with perspective, it's quite the bargain.
Other top spots for the best value include Circa Carriage Townhomes in Markham, Brighton Place Townhomes in Vaughan, and Windermere by The Lake Townhomes in Toronto.
Even though a Toronto-based property landed fourth on Strata's list, the real estate platform reminds future condo-buyers that going outside the city is still ideal.
"Properties outside city limits tend to offer more square footage. So homebuyers are often getting extra space on every dollar spent," the report reads.
Having your finances in order before making an offer on a condo also plays a vital role in overcoming the competitive market.
"This way, you can present an attractive offer with as few conditions as possible," says Strata realtor Cyrus Ghazvini.
"And by knowing in advance what your mortgage comfort zone is, you can strategically bid higher than other competing buyers," he adds.