New Toronto condo development will cover half your mortgage for a year

Jun 28 2016, 6:52 pm


Get it? Well, Concord Adex is certainly hoping you do. Their new initiative is all about making it easier for first time home buyers to purchase their dream condo.

And they’re putting their money where their mouth is.

Having already run this successful idea in Burnaby, BC, for which they paid half a year’s mortgage for 50 lucky young people, they’re now bringing that same consideration east.

In fact, they’ve halted all sales for both their new LakeFront and LakeShore developments in order to allow 30 first-time buyers the chance to get the break they deserve.

Local, first-time homebuyers who can prove they have lived in Ontario for at least the past two years and are Canadian citizens or permanent residents will be eligible to apply to have half of their first year’s mortgage covered.

That’s a pretty substantial six-months off when you’re looking at buying your first place. 

From the company that brought you CityPlace in downtown Toronto, these 30 new condos available in their new LakeFront and LakeShore developments will be nothing short of high-end. Twenty of the condos will be given out on a first come, first serve basis, while the remaining ten will be chosen through a lottery with other qualified applicants.

If you’re thinking of buying in downtown Toronto, this could be just the break you need.

And if you’re uneasy about parting with your hard-earned cash before stepping into what you’ll own, Concord Adex’s new virtual reality experience, Concord 360, will allow you to see exactly what you’re about to buy in the most futuristic real estate experience you’ll ever have.

Talk about having the right vision.

Applications for HOME will open on July 1 at Concord’s Presentation Centre at 23 Spadina Avenue.

May the odds be ever in your favour.

DH Toronto StaffDH Toronto Staff

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