theflyingsquirrel
New Member
Is it a good time to buy before HST?
Or the price is going to fall?
Or the price is going to fall?
Should i get a house close to the subway or downtown?
I wish to have a place that the price will rise most.
if you plan to live in it for a while, I think it is not a bad time to buy -- especially if you find a place that is perfect for you and is a place you really love. This is especially true for those who are particular or very picky.
I know it's not good to get your emotions involved when investing in real estate, but there is also the personal enjoyment investment/returns which should be appreciated too.
I recently bought into a building because it has a very exclusive number of units, is in an excellent location, and has unique and high-end features that could not be found anywhere else. The particular model just so happens to be last one left in the building and located on the highest floor offered, just below the penthouse levels so I quickly jumped on it and glad I did.
If you are not particular and shopping for something less than 700 sq.ft. I would wait longer to buy as the inventory will be in your favor as more and more of these condos get completed.
if you plan to live in it for a while, I think it is not a bad time to buy -- especially if you find a place that is perfect for you and is a place you really love. This is especially true for those who are particular or very picky.
I know it's not good to get your emotions involved when investing in real estate, but there is also the personal enjoyment investment/returns which should be appreciated too.
I recently bought into a building because it has a very exclusive number of units, is in an excellent location, and has unique and high-end features that could not be found anywhere else. The particular model just so happens to be last one left in the building and located on the highest floor offered, just below the penthouse levels so I quickly jumped on it and glad I did.
If you are not particular and shopping for something less than 700 sq.ft. I would wait longer to buy as the inventory will be in your favor as more and more of these condos get completed.
I actually got a great price for my unit just before the developer raised the pricing when they got over 70% sold.
I paid about $600/sf including parking and storage, Miele appliances (including 5 burner gas range and W/D), Poggenpohl cabinets, Axor Starck fixtures, custom Eurpean closet system throughout, frameless frosted full height glass partitions, marble floors, window shades, Brazian Ipe flooring inside and out.
All buyers also get a package of a Vespa Scooter or Ducati bicycle, 1 year VIP membership to the upcoming Templar Hotel, Weber gas BBQ on terraces, trash dehydrator/compactor, and 1 year Zip car membership.
There are many 300+ unit condos that are in this price range that are nowhere as nicely designed and have these kinds of finishes, and more are coming to the market.
If you are looking for a cookie cutter condo, then wait. There are lots on the market and lots more coming on the boards, so there will be lots to choose from and the market will slow down.
Even a few months ago, builders at some popular developments are accepting to lowering selling prices 10% and/or free upgrades when asked.
I was looking for something more unique and exclusive and looking at a closing date late 2011/early 2012, so my perspective is different.