Buying a new condo? 5 things to know

(NC) If you’re looking at purchasing a pre-construction condo, you’ll soon encounter strange new words that may make you feel like you’ve just set foot in a foreign country. Since it’s never too early to talk the talk, here are some terms to learn that can help you make smart decisions: Occupancy date This is the date your unit is ready for you to move in. It’s also the date your seven-year warranty takes effect.

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Canadian home sales rise again in May 2019

Home sales recorded via Canadian MLS® Systems rose by 1.9% in May 2019. Together with monthly gains in March and April, activity in May reached the highest level since January 2018. While sales stood 8.9% above the six-year low reached in February 2019, this latest increase has only just returned levels to their historical average. While May sales were only up in half of all local markets, that list included almost all large markets, led by gains in both the Greater Vancouver (GVA) and Greater Toronto (GTA) areas.

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