If you're ready to make the leap from apartment dweller to condo-owner, there's a new Ontario condo buyers' guide to help. Despite the pandemic, Toronto's real estate market hasn't cooled — in fact, home prices have reached record highs. With $1 million burnt out homes and a tiny shacks as choices for low-budget housing in Toronto, a condo, even a micro-sized one, may look pretty good right now. If that's the case, the Ontario government has a new Residential Condominium Buyers' Guide to help condo buyers make an informed choice. "Buying a condo is a significant decision, and it is important that purchasers are appropriately informed so they can be confident in their new home," said Lisa Thompson, Minister of Government and Consumer Services. Beginning Jan. 1, 2021, condo developers must provide buyers of new or pre-construction residential condos with a copy of the guide and the current disclosure statement.
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By Karen Longwell