I’m planning to buy a pre-construction condo. I already saw plenty of articles on the pros and cons of buying a new condo and I still think it’ll be a good investment.
So I have already started searching for condos and found some new condos for sale in North York. But my savings alone won’t be enough for this. So the next option is a mortgage.
Posting here since I don’t know much about this.
Please share your insights and suggestions on mortgages for buying condos. How does it actually work? How do I get a loan for a pre-construction condo? What are the expenses and other things I need to take care of?