I live in Toronto, have a decent pay and as of now I am living in a basement paying 900 per month. I was thinking of looking for a condo, my range is lower 200,000.
On kijji there are a bunch of them but I see they are in pre-construction so I cant give them the money plus pay the rent here where I live, I am looking for a place where I can move after getting it.
If I get anything around + 200,000 then the mortgage would be aproxx 1100 CAD plus if its around 600 sq ft and maintaicne is 50 cents then I pay 300 for maintaince, also electric water and internet would at least cost 150 CAD which makes the total 1550 per month.
Is this the lowest I can own a place in GTA? There is a big difference in 900 ( the place I live) and then 1550 ( owned) but then maybe if I want to sell after 5 years I can sell in profit.
Also is it better to buy a pre-owned condo or under construction?
On kijji there are a bunch of them but I see they are in pre-construction so I cant give them the money plus pay the rent here where I live, I am looking for a place where I can move after getting it.
If I get anything around + 200,000 then the mortgage would be aproxx 1100 CAD plus if its around 600 sq ft and maintaicne is 50 cents then I pay 300 for maintaince, also electric water and internet would at least cost 150 CAD which makes the total 1550 per month.
Is this the lowest I can own a place in GTA? There is a big difference in 900 ( the place I live) and then 1550 ( owned) but then maybe if I want to sell after 5 years I can sell in profit.
Also is it better to buy a pre-owned condo or under construction?