New Condos Etobicoke

• Understand the Market: Research the current real estate market in Etobicoke, including trends, prices, and areas of interest.
• Set Your Budget: Determine how much you can afford, considering mortgage approval, down payments, closing costs, and additional fees.
• Get Pre-Approved for a Mortgage: Secure pre-approval to understand your borrowing capacity and demonstrate your seriousness to developers.

• Identify Preferred Neighborhoods: Consider factors such as proximity to work, schools, public transportation, amenities, and future growth potential.
• Visit the Area: Spend time in the neighborhoods you’re interested in to get a feel for the community and lifestyle.

• Research Developers: Use the Ontario Builder Directory to verify that the builder is licensed and has a good track record of successful projects.
• Check Previous Projects: Visit completed developments to assess the quality of construction and the overall satisfaction of residents.

• Attend Sales Events and Presentations: Gather information about various projects, floor plans, and features.
• Review Floor Plans and Amenities: Choose a condo that meets your needs in terms of layout, size, and community amenities.

• Choose a Real Estate Agent: Platinum Condo Deals is experienced in pre-construction condos and can provide valuable insights and negotiate on your behalf.
• Consult a Real Estate Lawyer: Our professional Real Estate Lawyer will review the purchase agreement and ensure your interests are protected​

• Cooling-Off Period: Take advantage of the 10-day cooling-off period to review the agreement, secure financing, and perform due diligence​ (Condominium Authority of Ontario)​.
• Negotiate Terms: Work with your agent and lawyer to negotiate any terms or conditions that need adjustment.

• Finalize Mortgage Approval: Confirm your mortgage with your lender, ensuring it aligns with the developer’s timeline. We are also offering free mortgage pre-approval.
• Prepare Down Payment: Be ready to make a series of deposit payments as outlined in the purchase agreement.

• Regular Updates: We will keep in touch with the developer for updates on construction progress and any changes to the project timeline.
• Site Visits: We will visit the site periodically to monitor progress with you.

• Understand Interim Occupancy: During this phase, you may move in and start paying an occupancy fee until the condo is registered and you receive the title​ (Home)​​ (the BREL Team | Toronto Realtors).
• Budget for Occupancy Fees: These fees cover interest on the unpaid balance of the purchase price, estimated taxes, and maintenance fees.​

• Final Inspection: Conduct a pre-delivery inspection (PDI) to identify any deficiencies or issues that need addressing before taking possession.
• Finalize Legal and Financial Matters: Your lawyer will handle the final paperwork, transfer of funds, and registration of the property​ (the BREL Team | Toronto Realtors)​.
• Prepare for Move-In: Coordinate your move, including setting up utilities, arranging movers, and purchasing necessary furnishings.
• Enjoy Your New Home: Once everything is settled, enjoy your new pre-construction condo in Etobicoke!

New condos in Etobicoke are designed with cutting-edge amenities and contemporary aesthetics, offering residents a luxurious and convenient lifestyle. These properties feature state-of-the-art fitness centers, rooftop terraces, co-working spaces, and smart home technologies. Such modern amenities cater to the needs of today’s discerning buyers and renters, enhancing their living experience and providing excellent value for investment

Etobicoke is strategically located with excellent connectivity to downtown Toronto and major highways like the Gardiner Expressway and Highway 427. The area is well-served by public transit, including the TTC subway and GO Transit, ensuring seamless commutes to key destinations. Additionally, its proximity to Pearson International Airport makes it an attractive choice for frequent travelers and professionals. The convenience and accessibility significantly boost the desirability and investment potential of new condos in this vibrant community.

The real estate market in Etobicoke is experiencing strong demand, especially for new condos, which are selling faster compared to previous years. As of May 21, 2024, the average selling time for condos in Etobicoke is notably shorter than in 2023, reflecting a competitive market with high buyer interest. This trend indicates robust investment potential, with the likelihood of good returns and long-term property appreciation. Investors can capitalize on the dynamic market conditions and the growing popularity of this area​

This area includes Mimico (a historic lakeside community), New Toronto, and Long Branch, known for their proximity to Lake Ontario.

1. Humber Bay Shores

• Highlights: Stunning waterfront views, modern condos, recreational spaces
• Perfect For: Outdoor enthusiasts and those who appreciate scenic views

Central Etobicoke is centred around Islington and features a mix of older communities like Richview, Humber Heights, and upscale neighbourhoods like The Kingsway and Humber Valley Village.

1. The Kingsway

• Highlights: Beautiful homes, boutique shops, fine dining
• Perfect For: Those seeking a luxurious lifestyle

It includes neighbourhoods such as Rexdale, Thistletown, and Clairville, experiencing notable urbanization marked by dense housing and industrial growth

1. Etobicoke North

• Highlights: Spacious parks, good schools, affordable housing options
• Perfect For: Young families and those looking for more space