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Closing Costs: Development Fees & Levies on Your Investment

Friday Nov 08th, 2019

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7 Things You Need to Know Before Investing in Pre-Construction Condos (The Series - Part 4)   Closing Costs: Development Fees & Levies on Your Investment If you’ve ever heard “Pre-Construction Horror Stories,” they were likely referencing some outrageously inflated closing costs that were levied against the buyer on final closing. These are rare, but they do happen – however, they only happen to people who didn’t do their due diligence, bought... [read more]

Interim Occupancy vs Closing: What's the difference?

Friday Nov 01st, 2019

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7 Things You Need to Know Before Investing in Pre-Construction Condos (The Series-Part 3)     Interim Occupancy vs. Closing: what’s the difference? Interim Occupancy is when you get the keys and can move into your unit – but technically, you don’t own it just yet. With condominiums, you have two ‘closing’ dates: A) What is Interim Occupancy for Condos? The first is Interim Occupancy, when you get the keys to your unit. Occupancy for... [read more]

The Pre-Construction 10 Day

Friday Oct 25th, 2019

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7 Things You Need to Know Before Investing in Pre-Construction Condos (The Series- Part 2)     The 10 Day “Cooling” Period The 10 Day cooling period is mandated by Ontario law on all new condominium purchases in the province, and it gives you an advantage in the Pre-Construction market that you just don’t have in Resale.  When you purchase a condo from a developer, you have 10 calendar days from the date of signing to decide if you want the unit... [read more]

7 Things to Know About Pre-Construction

Friday Oct 11th, 2019

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  7 Things You Need to Know Before Investing in Pre-Construction Condos (The Series)   While the sole purpose of a condo is to live in, there are other things one can do with the condo. Condos are vast in number and are fast moving, both regarding purchases and rental.. Mourad Hanna has spent years cultivating relationships with some of the best Builders in North America and as a result, receives VIP access to some of the most exciting new condominium developments in the... [read more]

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