miguel wrote:

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I recommend looking at townhouse condos or condos for resale that have been built a while ago... you can find some nice ones that are a lot bigger than what you can buy these days...

for example my place is two floors + two bedrooms and 3 bathrooms (ensuite bathroom in each bedroom + 1 downstairs for guests).. it's very spacious and they aren't building them like this anymore (everything is tiny these days).

anyway my two cents. also don't purchase anything with no parking spot.

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Thanks for all the feedbacks!!!!!!!!! I rather get a condo than having a house because im single person. I work from home and in condo is nice and quite. I don't need the extra space b/c again its just ME!!

I think of condos b/c it usually includes Pool, Gym , recreational/party lounge.....something i will not have if i buy a house.....well more space but i dont' always need that extra space.

yeah i dont' have to worry about cutting the grass...cleaning up..usually houses have 2 floors..and that would be a pain ! jeej..im lazy i know..and other stuff that a house is rquired to maintain on a yearly basis..

Motown Junkie wrote:

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Dogo wrote: Motown Junkie wrote: Seeing as how I'm renting my condo now, I had an option to buy it and I said FORGET IT!!!  My view now has been obstructed by new buildings in front of me so I know the value just went straight to hell.  I was looking at the floorplans on the tridel website and you've gotta be kidding me.  My 1bdrm+den is 775 sq ft.  I live alone and I still find it crammed.  I just can't see a 1bdrm+den being 677 sq ft going for $250,000!!!!!!  I'm saving up for a house!  Forget a condo!!!    Actually, melanie's brother had a loft and that was the ideal location.  Nothing obstructing the view, good size, great area, and fantastic amenities.  So yeah, I'd look into either buying a loft or a house.  Not that I'm an expert or anything... but I'd suggest for anyone (assuming you can afford it) to get into something, ANYTHING (almost) now!! (whether you love what you bought or not)Prices are crazy for what you get, yes.... but it's market value and what people are willing to pay at the time you'd sell is what you're interested in (at this point)Condos with a one or two year closing is probably ideal because of what I mentioned in my previous postChances are that whatever you buy now will go up a few thousand dollars in the next year or two (closing day)... as much, or more than what you'd be able to save during that time... and that diff will also be a big chunk of our savings, obviouslyJust a way to get your self in the game, I think I think that if you rent waiting till you have enough for a downpayment on a home, and at the rate homes are going up, you'll never catch up... specially with just ONE income  I beg to differ!!  Slowly but surely I'm getting there!  I think I'd buy a house and rent out the basement for a year or two!  Lord knows I'm paying my landlord's mortgage!!! 

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I know I quoted you, but I didn’t really mean you specifically (I have no idea what you make) I meant people on one average income, in general
Assuming someone making an average income, say 30 to 40 G’s?… living on their own (paying rent, expenses, etc..) I can’t see them saving more than 10.000 a year and even THAT would probably be pushing it, I guess

A $250.000 condo that's being built, that you put something down NOW to take possession in a year or two, and real estate going up on average, what? 3 to 5%? … it should AT LEAST go up that much as well (assuming real estate prices keeps it’s pace) so you’d be ahead by probably 10 or 20 grand and ahead of the game by a year or two. By  investing, really, very little….
And then just occupy your condo for a few months till you find a home, or just sell it right away.... but that's just what I think 

 

Dogo wrote:

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Motown Junkie wrote: Seeing as how I'm renting my condo now, I had an option to buy it and I said FORGET IT!!!  My view now has been obstructed by new buildings in front of me so I know the value just went straight to hell.  I was looking at the floorplans on the tridel website and you've gotta be kidding me.  My 1bdrm+den is 775 sq ft.  I live alone and I still find it crammed.  I just can't see a 1bdrm+den being 677 sq ft going for $250,000!!!!!!  I'm saving up for a house!  Forget a condo!!!    Actually, melanie's brother had a loft and that was the ideal location.  Nothing obstructing the view, good size, great area, and fantastic amenities.  So yeah, I'd look into either buying a loft or a house.  Not that I'm an expert or anything... but I'd suggest for anyone (assuming you can afford it) to get into something, ANYTHING (almost) now!! (whether you love what you bought or not)Prices are crazy for what you get, yes.... but it's market value and what people are willing to pay at the time you'd sell is what you're interested in (at this point)Condos with a one or two year closing is probably ideal because of what I mentioned in my previous postChances are that whatever you buy now will go up a few thousand dollars in the next year or two (closing day)... as much, or more than what you'd be able to save during that time... and that diff will also be a big chunk of our savings, obviouslyJust a way to get your self in the game, I think I think that if you rent waiting till you have enough for a downpayment on a home, and at the rate homes are going up, you'll never catch up... specially with just ONE income 

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Motown Junkie wrote:

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Seeing as how I'm renting my condo now, I had an option to buy it and I said FORGET IT!!!  My view now has been obstructed by new buildings in front of me so I know the value just went straight to hell.  I was looking at the floorplans on the tridel website and you've gotta be kidding me.  My 1bdrm+den is 775 sq ft.  I live alone and I still find it crammed.  I just can't see a 1bdrm+den being 677 sq ft going for $250,000!!!!!!  I'm saving up for a house!  Forget a condo!!!    Actually, melanie's brother had a loft and that was the ideal location.  Nothing obstructing the view, good size, great area, and fantastic amenities.  So yeah, I'd look into either buying a loft or a house. 

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EXACTLY!!

I checked out many units like that....and they are smaller than the measurements say....because of the layout.....I can't even tell you how SMALL the closets are and there is no storage room inside the appartment....they just give you that dinky locker downstairs....

 

Cocotaso wrote:

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yeah...i was looking at http://www.tridel.com/grandtriomphe/ That will be ready for like 2007-2008 . I have started to make a budget..where I also need some advise and thanks to a dear friend..she is helping me out! This will be one of my biggest decision making...and will need to make a lot of sacrafices...... So here i come..its time to make my dreams come true! Again..if anyone has bought a condo pls pm me so i could further discuss on how you approached on buying one. what are the things I should be considering before buying one..etc....

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I looked at those as well......(check your PMs)

That area is great for singles.....young working business class....the units in that area are sooooo small....even the 2 bedrooms....people use 1 room to sleep and the other to work from.....

If this is what you are looking for....check it out and invest right away...they sell so fast!

I'd probably go for something that's being built NOW but ready around the time you're planning to move in.... usually only requires a small downpayment to reserve it.... and the rest of the downpayment on closing (so you'll have time to save)
The good thing I notice about these is that you have the opportunity to buy at TODAYS prices instead of next years........ which likely (emphasis on "likely") will be many thousand dollars more

I dunno, just experience that a couple of my friends had, when getting their condo