11 Smart Tips for Buying a Condo in Toronto

Whether you're a first-time buyer, looking to downsize, or simply ready for a change, purchasing a condo is a major life decision — and the right guidance can make all the difference.

As a local expert with a deep knowledge of the Humber Bay Shores condo market and beyond, I work closely with buyers to help them feel confident, informed, and supported at every step.


Here are 11 key tips to consider as you start your condo search:

1. New Build or Established Building?

Each has its perks — it depends on your lifestyle and priorities.

  • Newer buildings often feature sleek, modern design, smaller suites, lower maintenance fees, and impressive amenities. However, they may have a higher percentage of renters.

  • Older buildings tend to offer larger layouts, a more established community (often with more owners than renters), and inclusive maintenance fees — though amenities and finishes may be more dated.

2. Think Beyond the Building – What’s Around You?

Convenience matters. Look at walkability, transit access, nearby grocery stores, cafes, green spaces, and even vet clinics if you have pets. Your daily routine will feel smoother if your lifestyle needs are right outside your door.



3. Who Lives There?

Get a feel for the building’s demographic. Some buildings are popular with young professionals, others with retirees or families. The vibe of your neighbours can shape your overall living experience — and it’s okay to want a place that feels like “your people.”



4. Ask About the Rental Ratio

Buildings with a high number of rental units may experience more wear and tear or turnover. Many buyers prefer buildings with a higher percentage of owners, where residents tend to be more invested in long-term upkeep and community standards.



5. Talk to the People Who Live There

Elevator chats with residents and conversations with the concierge can offer unfiltered insights into building life. It’s one of the best ways to uncover recurring issues or pleasant surprises that might not show up in a listing.



6. Check Out the Amenities Firsthand

If the gym, pool, or party room is important to you, make time to explore them during your tour. Some amenities are shared between multiple buildings or may be tucked away in less convenient locations. Make sure what’s offered aligns with how you plan to use it.


7. Don’t Overlook the Parking Spot or Locker

These details matter more than you think. Is the parking spot well-lit and easy to access? How close is your locker? These fixed features are part of your purchase — know what you're getting before you sign.


8. Test the Appliances

Open the fridge. Run the dishwasher. Turn on the stove. While your Realtor will include clauses in your offer to ensure appliances are working, it never hurts to do a quick check yourself during your showing.


9. Know What a Status Certificate Is — and Why It Matters

The Status Certificate is like the financial health check-up for the condo building. It outlines reserve funds, condo rules, and whether the unit is behind on fees. If it reveals red flags, you’ll have a chance to walk away before firming up your offer.


10. Understand Special Assessments

If the condo corporation doesn't have enough in the reserve fund to cover repairs (like roof replacements or elevator upgrades), they can issue a Special Assessment — a one-time fee charged to all owners. Your Realtor and lawyer will review whether there are any pending assessments before you commit.


11. Should You Get a Home Inspection?

Home inspections are less common with condos, but they’re not off the table — especially if your unit has its own furnace, heat pump, or other internal mechanical systems. An inspection can give peace of mind about what may need updating soon.

Final Thoughts

Buying a condo can be both exciting and overwhelming — but you don’t have to navigate it alone. With the right guidance and a condo-savvy Realtor by your side, you’ll feel confident and well-prepared to make a move you’ll love.

Have questions or want to chat about finding the right condo for your lifestyle? Let’s connect.

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