A big drop in price for any condo always catches the attention of many, and the recent 20 per cent price drop at Cuscaden Reserve was no different. People love a good "bargain", and the anchor price phenomenon is never so apparent as when a sale happens. But the biggest question people typically ask is: "Is it a good deal.
This week, we looked at some properties that saw losing transactions, despite being bought at an "ideal" time during 2003 to 2005, or 2015 to 2016 (all low points in the property market). And while many of the reasons could be related to seller circumstances (see here for the previous piece), there's naturally some curiosity over the condos involved..
The floor plan is, ironically, both the most boring and important part of picking a unit. We know the show flat is much more attractive but remember your unit isn't going to have the staged lighting or pricey decor you see in the gallery. On top of that, it can be soul-crushing to hear your Interior Designer say "I.
Ask most property agents in 2023, and they’ll tell you any landed home under $4 million is likely a leasehold (or cluster housing, or a strata-titled unit in a condo.) But our recent checks show that isn’t true. There are some places where true, freehold landed properties can be had for under $4 million; just so long as you’re not.
With the increase in new launch condo prices, homebuyers have much to consider before purchasing a new property. After all, an attractive price is not everything in the current economic climate. Buyers want to make sure that their monthly mortgage payments are within reach. If you’re searching for a new condo and have a budget to stick to, you might.