Condo Market: Why Go Condo?

Let me count the ways. Aside from the fact that condominiums in the Greater Toronto Area are far more affordable than low-rise homes, the reasons why people choose this type of real estate are many and varied. Location tops the list, with condos being developed across the City of Toronto and the GTA, all situated close to transportation nodes and amenities. The lifestyle promotes walking and bicycling rather than using a vehicle to run errands and access entertainment, shopping and the like. Most are also minutes to major highways for trips farther away.And how about outward appearances? Whatever your preferred design style, you are sure to find condominiums that satisfy your taste architecturally. We have some of the world’s finest architects based right here, and they are brilliant when it comes to designing striking buildings that enhance their surroundings. Interior design has evolved over the years as well, to maximize space usage and incorporate features and finishes that rival the upgrades lists of yesteryear. Open-concept spaces, floor-t o-ceiling windows, linear kitchens … the highlights of these layouts speak directly to the way today’s savvy buyers want to live.

And let’s talk building amenities, which are light years ahead of the old swimming-pool-in-the-dingy basement type of nicety. Today’s amenities are bright, beautiful and inviting, from exercise facilities to engaging theatres, gorgeous party rooms, stunning rooftop gardens, kids play areas, and even retail in some condo podiums. How convenient can you get?Another great reason to choose a condominium is carefree living. With maintenance, repairs and upkeep facilitated by the condo board of directors, residents can lock the door and leave without worrying about any of that. People who love to travel also love that peace of mind. And speaking of peace of mind, new condominiums are constructed with the latest technologies and are built to Ontario Building Code standards. This document is updated regularly to ensure homeowners enjoy the best possible scenario in regard to quality and privacy. Add to that the effort developers are putting into lush landscaping, and the results are lushly luxurious. In addition, the new designs, materials, construction techniques and hardy landscaping translate to buildings aging more beautifully than ever before.Condominium suite owners and their families also benefit from the work of the board of directors, a body of like-minded residents who set guidelines that protect your safety, privacy and investment. Restrictions on allowable pet sizes, reminders of common courtesy when in the common areas, limits on what residents can post on their suite doors and/or balconies … these stipulations are for the good of everyone involved. Of course, with most condos hiring a concierge, and with all of the security features built in, safety is a priority for everyone from single women to couples and families.Whether you purchase a condo suite as an investor or enduser, you will likely appreciate a substantial return-on-investment in the long run. If you plan to live in your suite, your investment in your lifestyle is priceless. The moral of the story is GO CONDO – NOW!BARBARA LAWLOR is president and CEO of Baker Real Estate Incorporated and an in-demand columnist and speaker. A member of the Baker team since 1993, she oversees the marketing and sales of condominium developments in the GTA and overseas. Keep current with The Baker Blog at blog.bakerrealestate.com