How do you determine price?

Well, look at two things: down-payment,

And monthly carrying cost. What can you afford to

put down on the property?

WHEN LOOKING FOR A PLACE TO CALL YOUR OWN

WHERE TO START

Price LocationIf you let price dictate

location, and you know you can only afford $250,000, then you have to shy away

from downtown and consider looking north of 401, or east of DVP. If you think “it’s all the same, and

you don’t mind a long commute to work, then you can afford a bigger place, or maybe a house instead of a

condo.

Parking

Style

(for houses, skip this point) A parking space in a downtown Toronto condo starts around

$28,000.The value in a $30,000 parking space is that it can be rented out for $150/month, every month, as long as they own the

condo.

Some buyers can’t stand the stone-and-stucco houses and maybe these buyers demand a classic red brick house. Maybe they want a classy, century-old Victorian. If so, this will bring them back to Location since Victorians aren’t found in more

than a handful of areas in Toronto. With condos, decide whether you want a loft or an apartment first and foremost, and whether you want a new building or if

you’d accept something 10+ years in age.

Finish

Size

Building Amenities

Features

Layout

Consider out-door space, age of roof, condition of garage, porch, driveway, etc.

(For Condos). Gym, sauna, rooftop terrace, concierge. Do you value these things?

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