Released on: April 24, 2008, 8:17 am

Press Release Author: Charles Hanes - Associate Broker

Industry: Real Estate

Press Release Summary: To achieve success when investing in a condominium, knowing
what condo to buy and where to buy is more important than whether the condo market
is hot or cold.

Press Release Body: Toronto ON -- For more than 7 years the Greater Metropolitan
Toronto (GTA) region has witnessed a red-hot condominium real estate market and an
unprecedented condominium construction boom. The record sales reached in 2007 are
showing signs of slowing. Forecasts for 2008 Toronto real estate sales indicate
that, over the short term, condominium prices may continue to rise, although at a
much less frenzied pace. Unlike many cities in the United States, where the condo
market has plummeted due to the sub prime mortgage debacle and a weakened US
economy, Toronto's condominium market remains relatively stable due to Canada's
strong economy, low interest rates, high population growth, an aging population
looking to downsize. Yet, for anyone looking to purchase a condominium as a home or
as an investment property, any slowdown in the market can cause concern. Today's
condominium investor is faced with a daunting task due to the sheer volume of
inventory available, the diverse variety of condominiums to choose from and a market
that may have reached its peak.

There are some signs that the Toronto condominium market is due for a correction.
After all nothing can go up forever. "Condominium prices are at an all time high,
with prices per square foot having skyrocketed to multiples of what they were in
2000. I've studied the Toronto condominium market for over 30 years and I've seen
the signs of a market slow down before. High condo prices coupled with a massive
inventory of sold but unfinished suites and falling rental incomes indicate to me a
pending softening of the market" states Toronto condominium expert and buyers agent
Charles Hanes of Simply Condos (http://www.simplycondos.com). "In this type of
market, buyers must be very selective. The risk factor is substantially higher.
However, there are still some solid opportunities left in Toronto even at today's
pricing. You just have to know where they are", cautions Hanes.

One way to improve your odds of making a successful condominium purchase, especially
in a volatile market, is to obtain the services of a professional real estate
buyer's agent who specializes in condominium purchases. A buyer's agent works
exclusively for their client. They assist their clients in finding the right
condominium property and help them avoid the many pitfalls that could turn buying a
condo into a nightmare. A condominium specialist will be thoroughly knowledgeable
about all aspects of condominium sales and can provide priceless information about
what's hot and what's not in the local condominium market.

For buyers looking to purchase a new or presale condominium, using a buyer's agent
is especially critical. A buyer's agent can represent their client when dealing with
condominium developers' sales staff whose sometimes-aggressive sales tactics and
exaggerated claims may cause buyers to make a hasty, uninformed and regrettable
decision. A buyer's agent can see through the smoke and mirrors and is immune to the
hype and sales pitches. Most importantly, a buyer's agent will be able to give their
client an unbiased assessment of whether the property is a good buy and is right for
them.

Real Estate prices continue to free-fall in many places like Florida, Nevada and
Arizona. For investors looking for cheap condominium properties, maybe now is the
time to pick up some tremendous bargains available in the southern states. While a
slow down maybe looming for the Toronto condo market, even with high prices Toronto
remains a good place to invest in a condominium property, if you know where to look.
Whether the market is high or low or hot or cold, by thoroughly researching the
condominium market in the area that you are considering investing in and using the
services of an experienced buyer's agent, any time is the right time to purchase a
condominium.

About Simply Condos:
Simply Condos (http://www.simplycondos.com) specializes in Toronto condominium real
estate and offers licensed real estate services. Simply Condo's web site is a
complete online resource for making an informed condo purchase and features every
Toronto condominium real estate property as well as Florida, Californian and
international properties.





Web Site: http://www.simplycondos.com

Contact Details: Simply Condos
Charles Hanes - Associate Broker
Sutton Group Tower Realty Ltd
3220 Dufferin Street, Suite 7A
Toronto ON M6A 2T3
416-783-5000
simplycondos@gmail.com
http://www.simplycondos.com