Condo Launch Parties
There are two condo launch parties coming up in June and
they both look to be great events. The Connelly is first to launch on June 13
& 14 at 11:00 am at the Art Gallery.
If you are unaware of this project than you must be living under a rock
as they have done a pretty good job communicating with the market. It is
located on James Street across from the YMCA and steps to the GO station. They have kept the 1800 church façade and are
planning a 30 story condo project that is aimed to the young and young at
heart. They are offering special
incentives at the launch party which usually means upgrades and you can be one
of the first to buy and hopefully get the unit you desire.
The second launch is the Tiffany Square project on June 18th
at the Royal Yacht Club from 5-8 pm. This
project boasts water views and is the first project to build in the
underdeveloped bay front. It has a mix
of suites geared to all age groups and families. I would think those looking to downsize and
wake up looking over the bay every morning is the target market for this
project. That is not say an investor or
first time buyer can also be in the mix as they have a good mix of plans for
the entire market. This project is the first to take advantage of the
underserved area of the bay and I am sure it will do very well also.
Going to any condo launch party you have to understand the
process and what to expect. They usually
create a sense of urgency to help the sales happen but some projects sell
themselves. It is true the early bird
gets the worm and if you want to get the best deals you should show up early to
be first in line or better yet get with a broker who can arrange
everything. The prices tend to rise as
the event goes on so acting fast or with the right broker can make a huge
difference. When it comes to buying a
new product you have a cooling off period which means that you have 10 days to
make sure you bought the right product.
This only applies to new condo projects and you do not have to give any
reason just cancel the deal and your deposit is returned.
If you are considering on buying a new condo in one of these
new projects or others coming to market you should call your broker or myself
to understand the in’s and outs of the market and plan your game plan. You can not only save thousands of dollars in
your purchase but if you pick the right floor, exposure, with or without
parking – you can make thousands and thousands more when you sell down the
road. Picking the right project, floor,
size etc. is critical and making the right move will not only make you money
but it will make the whole process stress free and enjoyable.