Toronto has more than 130 active condo developments at present—that’s more than New York and in fact, it’s more than any other city in North America. With ample options to choose from when it comes to discerning buyers, what are you doing to stay ahead? Here are three quick tips for standing out in arguably one of the most competitive landscapes in recent real estate history:
Ontario’s Consumer Affairs Minister, Tracy MacCharles, has called into question the qualifications of current property managers in Ontario to run condominiums. She asserts that with 10% of Ontario’s population living in condos, an industry standard for qualifications must be implemented to ensure quality of service.
Neither the current condo boom in Toronto nor the steady growth throughout the rest of Ontario shows any signs of slowing down. It makes sense, then, to have a discussion about quality control and regulations for standardizing the quality of life in large residential complexes.