TRANSPARENCY

Earning trust through collaboration,
cooperation, and collective decision making

TRANSPARENCY

Earning trust through collaboration,
cooperation, and collective decision making.

WELCOME TO CONDOVILLE

OUR IDENTITY

Condoville is a Toronto based Real Estate company that specializes in offering real estate opportunities in high-growth areas across Ontario. We understand the value of trust and transparency. 

Condoville Club Members are part of a community that receive insight and assistance in order to help you find a place to call your own. We have specialists in short and long-term condo rentals, resale condos, pre-construction condos & condo investments. Contact us to learn how we can assist you with your real estate needs.

 

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OUR GOAL

The Condoville Club experience begins with trust. And how do we believe in building trust? Transparency. Condoville Associates offer over 15 years experience in the new condominium field to deliver expert advice and insight.

We have specialists in short and long -term condo rentals, resale condos, pre-construction condos and condo investments. Each member of our team offers a unique skill set to help you get through the “buzz” of real estate articles, and provide insight to the relevant information and statistics that will ensure you are happy with the place you choose to call home.

 


 

OUR PLEDGE

Every member of the Condoville Team has pledged to transparency. We pledge to provide clients with comprehensive market data to assist clients with making the best decision as well as all costs associated with each transaction to ensure there are no surprises at the time of closing.

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 WHY CONDOVILLE?

Condoville Club is a network that connects the public to pre-construction real estate developments before they are publicly launched. Our four pillared program below outlines the benefits of shopping through Condoville Club.

LOCATION

Condoville works around the clock to analyze markets & ensure the projects with strategic locations are being brought to you. Selection is based off several factors such as market value, growth potential, public transit access, and walkability. Protect your investment; don't fall for the hype.

INVESTOR PACKAGES

Our vast network of builders allows us to collaborate & create attractive packages to benefit your purchase. Creating a hassle-free investment is at the forefront of Condoville's priorities. Examples of this include rental guarantee programs, property management, and furniture packages to name a few.

REPUTABLE BUILDERS

We understand Real Estate is a major purchase for some. To minimize any risk, we selectively work with builders that we trust based off knowledge, expertise, and experience. With a purchase of this size, quality should never go overlooked.

EARLY ACCESS

Majority of our projects are brought to you before the public launch. This allows our clients bottom-line pricing, exclusive incentives, and first choice of units available. Sign up to receive all important updates here and never miss a launch event again.

We believe in building long-term relationships.

- Shaminder Gogna, Founder & President

OUR IDENTITY

Condoville is a Toronto based Real Estate company that specializes in offering real estate opportunities in high-growth areas across Ontario. We understand the value of trust and transparency. Condoville Club Members are part of a community that receive insight and assistance in order to help you find a place to call your own. We have specialists in short and long-term condo rentals, resale condos, pre-construction condos & condo investments. Contact us to learn how we can assist you with your real estate needs.

 


 

OUR GOAL

The Condoville Club experience begins with trust. And how do we believe in building trust? Transparency. Condoville Associates offer over 15 years experience in the new condominium field to deliver expert advice and insight.

We have specialists in short and long -term condo rentals, resale condos, pre-construction condos and condo investments. Each member of our team offers a unique skill set to help you get through the “buzz” of real estate articles, and provide insight to the relevant information and statistics that will ensure you are happy with the place you choose to call home.

 


 

OUR PLEDGE

Every member of the Condoville Team has pledged to transparency. We pledge to provide clients with comprehensive market data to assist clients with making the best decision as well as all costs associated with each transaction to ensure there are no surprises at the time of closing.   

We believe in building long-term relationships.

- Shaminder Gogna, Founder & President

RESOURCES

MORTGAGE CALCULATOR

 

Determine your mortgage payments by using our convenient calculator below.

*Accuracy is not guaranteed. It should not be relied upon as legal, financial, or other advice.

FAQ'S

WHAT DOES RENTAL GUARANTEE MEAN?

A rental guarantee is an incentive provided by the Builder via a clause in the Agreement of Purchase and Sale. The rental guarantee clause promises the Purchaser a rental rate for a specified amount of time i.e. 1, 2 or 3 years and typically varies with the type of suite purchased suite i.e. 1 bedroom, 1 bedroom + den, 2 bedroom, etc. The actual dollar value of the rental guarantee is determined based on typical monthly mortgage instalments and condo fees and is high enough so that the buyer remains cash flow positive for the stated guarantee period. Rental guarantees usually begin as soon as the suite has reached the stage of occupancy, however, different project may offer different start dates. The rental guarantee start date will be specified in the clause.

WHAT DO CAPPED FEES MEAN?

Upon closing, the purchaser has several closing costs to consider i.e. land transfer tax, lawyer fees, HST (when not a principal residence) and development charges. Development charges are paid to the municipality by a builder of a new project to fund improvements to certain infrastructure (roads, sewers, water lines, etc.). Those charges are transferred to purchasers and have the potential to reach up to $20,000. As an incentive, by negotiating caps / maximums on development charges, purchasers are given the peace of mind to better estimate closing costs.

WHAT IS COVERED UNDER PROPERTY MANAGEMENT?

Property Management is an incentive provided by the Builder via a clause in the Agreement of Purchase and Sale. Property Management services ensures a peace of mind by renting the suite, directly depositing cheques, providing repairs maintenance and property inspections. Property management usually begins as soon as the suite has reached the stage of occupancy, however, those details will be specified in the Agreement of Purchase and Sale clause.  

WHAT IS THE DIFFERENCE BETWEEN CLOSING AND OCCUPANCY DATE?

When purchasing a new condominium, a purchaser has an occupancy date and closing date. During occupancy, the purchaser is able to occupy the suite (unless permitted by the Builder the suite cannot be rented at this time) & will be paying occupancy fees (rent) to the Builder as outlined in the Agreement of Purchase and Sale. During occupancy, the purchaser’s mortgage has not commenced. Upon final closing, the purchaser legally owns the suite and their mortgage will commence. The timeline between occupancy and final closing typically ranges between 6 - 12 months but can be quicker or longer depending on the builder.

WHAT IS AN 'ASSIGNMENT'?

An assignment is a sales transaction where the original buyer of a property (the “assignor”) permits another buyer (the “assignee”) to take over the buyer’s rights and obligations of the Agreement of Purchase and Sale, before the original buyer closes on the property (that is, where they take possession of the property) for a fee. An assignment clause allows the buyer of a home/condominium to sell the property before they take possession.

WHAT OTHER COSTS ARE ASSOCIATED WITH BUYING PROPERTY?

Purchasing a new condominium is different than purchasing a resale property. In addition to the ‘normal’ closing costs i.e. Lawyer fees, land transfer tax, moving costs, when purchasing a new condominium, you must also save for Development Levies, Tarion Enrollment and possibly HST (rebate is available) if you are purchasing a property that is not your principal residence.