There are a lot of questions move-up buyers should ask themselves before making a decision on a new home. Should you buy or sell first? How much space do you need? Can you actually afford it? What’s the long term goal for your family?
Once you’ve answered these questions, it’s time to start hunting for the perfect home. Since a lot of move-up buyers are thinking years ahead, the preconstruction market is a great place to find the right home for your family. We’ve compiled a list of amazing options for move-up buyers that are located in and around the Greater Toronto Area (GTA).
Located on Danforth Avenue between Woodbine and Main subway stations, Canvas Condominium is a great option for move-up buyers because of the amount of spacious floor plans. Marlin Spring strategically catered to homeowner occupiers by designing more two-bedroom units than one-bedrooms.
The average floor plan is around 600 square feet, so Canvas Condominium is ideal for couples that plan on having their first child in the near future. Prices start in the high $200,000s and the two-bedrooms start in the mid $300,000s.
The Studio at The Metalworks is the second phase of Fusion Homes’ master-planned Guelph community on the Speed River. Similar to Canvas, The Studio offers a range of large condo units (compared to downtown Toronto) for couples and small families.
The units are divided into four collections, three of which have great options for move-up buyers. The units range from 580 to 1,565 square feet with prices starting at $223,400. There are also larger, higher end options, but for a family on a budget, stick to the Designer, Maker, and Craftsman Series.
Located in downtown Orillia near Lake Couchiching and Lake Simcoe, Matchedash Lofts features a variety of units, the majority of which are over 1,000 square feet. Preconstruction pricing is currently in effect, so you can purchase for around $400 per square foot! You don’t see condo prices like that in the GTA. With a lot of recent investment in the city, Matchedash Lofts is not only an opportunity to move-up but it is also a great investment.
Okay, so we’ve given you a few condo options, but not everyone wants to move-up from their small condo to a larger condo. If you desire the low-rise lifestyle with a driveway and a yard, then you should register for Central Park in Hamilton by Losani Homes.
Central Park is a multi-phase master-plan featuring freehold townhomes, detached homes, and mid-rise condo units. The first phase features townhomes starting from the $300,000s and 33’ to 50’ detached homes from the high $400,000s.
Here’s another Hamilton development that you can look forward to. Laguna Village is a new townhome collection coming to Multi-Area Developments’ master-planned Summit Park community on Hamilton mountain.
Laguna Village will feature four urban townhome designs with plans starting in the mid $300,000s. The townhomes will be nestled between two ponds and be within a close proximity to existing commercial amenities.
Located near Clarkson GO Station, United Lands is developing Southdown Towns, a collection of urban townhomes. There are 104 homes in total, ranging from around 1,400 square feet to 1,950 square feet. The three-storey townhomes have rooftop terraces with gas and water hook-ups. Prices start at $625,000.
We hope these options for move-up buyers help you and your family find the perfect community to call home!