If looking for investment opportunities in the GTA, Scarborough is definitely a good option. It’s one of the most affordable districts, but also one with the fastest rising prices.
In 2020, Scarborough’s neighbourhoods had the highest appreciation rates for condos. With plans under way for the construction of an extension to subway Line 2, interest in the area is on the rise.
As a food destination, a hub for culture and artists, Scarborough is an attractive place for buyers. With the effects of the pandemic starting to disperse, residents returning to their workplaces, and tourism starting up again, condos in the area are sure to be in short supply.
However, Condo Shopper can help you secure valuable condos at affordable prices. And the sooner you invest in a condo, the higher the possible return on investment, because pre-construction condos are sold in different stages.
Stage 1 - Exclusive Event For Friends and Family (Selling Up to 10% of Units)
Many developers propose exclusive deals to their friends and family members. These exclusive events can sell up to 10% of the condos, usually the best ones.
Stage 2 - Platinum VIP Agents Event (Selling Up to 40% of Units)
Platinum agents like Condo Shopper are the first ones to be invited to the next phase of pre-construction sales. Platinum agents earn their position by selling a lot of units or by nurturing long-lasting relationships with developers.
This stage of the pre-construction sales offers amazing unit choices, great discounts, incentives, rebates, and more.
Stage 3 - VIP Agents Event (Selling Up to 30% of Units)
Once the Platinum agents have their pick of the available units, VIP agents are invited to sell the condos. Usually, this stage of the process brings the prices up and lowers the incentives.
Stage 4 - All Agents Event (Selling Up to 20% of Units)
Then, the developer invites all the regular agents to sell condos. The prices go even higher and the incentives disappear.
Stage 5 - Pre-registrants Event (Selling Up to 10% of Remaining Units)
The developer notifies the pre-registrants and invites them to buy the remaining units. However, some developers can reach this stage of the selling process a year or more after the first sales event, especially if the condos are great locations.
The prices are high at this point, and there are no incentives or rebates. So, while working directly with a developer may seem like a good idea, collaborating with Condo Shopper can actually save you money and enable you to secure superior units faster.
Stage 6 - Grand Opening (Selling Remaining Units)
This is the last stage of the selling process, when the developer invites everyone to buy the remaining condos. The people who buy at this point pay extra for less valuable condos.