27 Jun 2013

Toronto condo buyers could be in for extra costs when moving in

According to a recent report from The Toronto Star, those who purchased a condominium unit in a building that is still being constructed might be in for extra costs come move-in time. 

The source reported that since the city council recently approved the doubling of development charges for builders, those costs will likely be inflicted on the buyers. 

"Most new condominium contracts provide that the buyer is responsible for any increased development charges that the developer incurs after the date that the agreement (of purchase and sale) is signed," said Mark Weisleder, a real estate lawyer who writes for The Star.

According to the news source, the extra costs could equate to nearly $7,671 for the average one-bedroom unit and $10,624 for the average two-bedroom. 

Save money where you can
Individuals who are downsizing from a single-family home to a condominium are likely to have too many valuables for their smaller space. Instead of cluttering up a home or trying to ditch items before you move, the cost-effective decision could be to rent affordable storage units to house any items you might not be using. 

Self storage can be a smart way to hang on to valuable items without taking up room in a house or apartment. For Toronto storage solutions, there's no better than Jiffy Self Storage. Those interested in self storage should check out the affordable rates on Jiffy's website, where they can also enter to win a free iPad 3.

Be Sociable, Share!

Related Articles [3]

Amazon’s Underwater Storage Facility Is The Future Of Warehouses

March 15th, 2018
Amazon is one of the world’s largest, most innovative and successful companies who consistently redefines what it means to operate a warehouse based on the online sale of...

Why Self Storage Is Booming In Big Cities

March 5th, 2018
Self-storage has always been popular, but lately, it is becoming increasingly more popular in big cities across the country. People are finding self-storage spaces can be...

4 Tips For Fireproof Document Storage

March 3rd, 2017
We all have valuables that we would be devastated to lose in a fire. Some of them are keepsakes, some of them are worth a lot of money and some of them are important legal...

Leave a Comment






Recent Posts

Blog Categories

Archives

Subscribe to RSS Feeds
Essential SSL