Oakville Real Estate News

Buying A Pre-Construction Condo


Blog by Joette Fielding | April 3rd, 2017


Pre-construction condo.jpgA $3-million class action by Ottawa condo owners is a cautionary tale about what can go wrong when buying a new condo.

So, how can you protect yourself? Toronto real estate agent David Fleming says his advice to clients is simple — don't buy new.

"I liken it to buying a pair of jeans. If you walked in [to a store] and you couldn't try them on and didn't know how long they would be, and what the waist was … that's a hundred-dollar pair of jeans. So why would someone buy a million-dollar condo the same way?"

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