Posted 12.19.12 @ 9:35
When it comes to Oakville homes for sale, you’ll find a lot of condos on the market – it’s estimated that in 2013 alone that upwards of 60% of all construction in the GTA will be condos… but what does this mean for you? Should you go with a completely custom built condo or is it better to seek out luxury Oakville resale condos instead? While each will have its ups and downs, you’ll really want to think about what you want in a home and what you NEED!
Why So Many New Condos?
Two words: Baby Boomers. They’re selling their homes and buying new ones – it’s their time to shine and they want luxury at a size that first their needs. They’re selling their big expensive houses to the next generation, cashing in on the housing boom, but they’re buying up condos (pre-builds in particular) at amazing rates. With so many people entering into retirement right now it’s creating a unique situation when it comes to Oakville homes for sale. But it’s not just Boomers, international home buyers and young professionals are also making a big impact too!
What about Resale Condos?
Not everyone needs (or wants) a pre-build condo that they have to wait 18 to 36 months to get into, and that’s where the resale market is booming. A lot of us don’t need a place that no one has ever lived before and since condos appreciate at a slower rate than a traditional detached home you’re going to find a lot of great deals (especially in Downtown and the Marina area!) that you couldn’t find on a house. There are many luxury options here too, but you’re going to need help finding the one that’s right for you.
What is Right for You?
Everyone is different and it’s important to really take your needs and wants into consideration before you buy. That way you’ll be able to make the most out of any purchase. Do you want a home that no one has ever lived in before, do you want to be able to customize it from the start to fit your needs – and you have time to wait to move? Then a pre-build or custom condo is going to be the option for you. If you’re looking for Oakville homes for sale that you can get into now without a wait, don’t mind a home that has had an owner before you, a resale condo might be just what you’re looking for.
It can be hard to figure out what’s right for you, but that’s why we’re here! We specialize in all things Oakville real estate and we’re here to help you find the right Oakville homes for sale that meet what YOU want in a home. You shouldn’t have to skimp on what you want and you deserve only the best – let us help you find it!