Be Very Careful With Certain Condo's (GTA Condo Real Estate Market Update)

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In this episode we take a look at the current GTA Condo Markets - Toronto, Vaughan, Richmond Hill, Markham, Brampton, Mississauga, Ajax, Whitby, Pickering for week ending April 3, 2024. We also discuss why some condos might not be as great of a deal as they seem. Blacklisted condo's may have a low purchase price but they often come with highly restrictive mortgage lending requirements as well as higher maintenance fees.
This video will focus specifically on GTA Condo Markets - Toronto, Vaughan, Richmond Hill, Markham, Brampton, Mississauga, Ajax, Whitby, Pickering but be sure to SUBSCRIBE for more reports on other areas!
Chapters:
0:00 Introdudction
0:22 Be careful with blacklisted condos
8:06 Toronto, Vaughan, Richmond Hill, Markham, Brampton, Mississauga Condo Market Update
15:32 Our New Studio Listing!
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Santo Sessa & Daniel Sessa
Re/Max Premier
(647)560-7778
santo@teamsessa.ca
*This video, nor any of the other videos on the Team Sessa Real Estate RU-vid channel, does not constitute legal or financial advice. This is strictly intended for educational and entertainment purposes only.

Опубликовано:

28 июн 2024

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Комментарии : 14

@itzzzzi2 2 месяца назад

Great job Santos !

@maggiemacaskill1037 2 месяца назад

Great content as always. My son Matthew came up behind me when I was watching and said 'ahem' and he's so affronted I tried to watch one of your videos without him... I should know better!

@glengarbera7367 2 месяца назад

Back in 2008, i saw 3 bedroom condos on Jane Street that were 125k. Unfortunately, the TMI was $1500 a month due to special assessment.

@lissakong4104 2 месяца назад

How do you know if your condo is blacklisted?

@shahkurk3103 2 месяца назад

I like Santos definition black list. You need to check how the reserve funds and special assessment related .Check the condominium certificate for 100$.

@shahkurk3103 2 месяца назад

I like your list . I will call it Santos Black List Buildings ❤😅

@dirtyburger7528 2 месяца назад

Hey Santo(s), how many investors are buying condos these days?

@teamsessa 2 месяца назад

Hey Dirtyburger(s), I can’t say how many but I know it’s much fewer than before.

@omark8344 2 месяца назад

That’s why you should never buy a condo apartment it will end costing you more than free hold and and you still don’t own it and 90% of condos board and management corporations are stealing from the maintenance fee, stay away from condos!

@essentialpassion 2 месяца назад

Skimming $$$ off maintenance fees and contractor kickbacks, with security guards all from the same place, mostly students, yet we're paying them like they're locals. These guards often come off as rude, secure in their positions thanks to backdoor deals and oblivious to their roles and codes of conduct. Condo life’s riddled with shady dealings, yet most folks don’t bat an eye as long as things run smoothly. It’d be better if unit owners ran the show, picking managers directly for full transparency on all expenses and contracts. Sadly, most residents can’t be bothered, giving free rein to the management. Despite the issues, I prefer condo living for its community vibe, a potential hub for connections if managed well. Freehold living feels isolating; neighbors barely know each other, contributing to a culture where domestic crimes-source of much of True Crime documentaries, in those areas often go unchecked. In North America, the focus on individualism and privacy trumps communal concern, viewing friendly approaches as intrusive.