[Blog #34]: Leverage 90% Of Your Asset With A Low 10% Downpayment

In today's blog I am writing about how you can leverage 90% of an asset on only a minimum 10% downpayment. During these unprecedented times, we are seeing new pre-construction developments come out with some amazing incentives for buyers looking to get into the market.

A typical pre-construction project would require about 20-25% downpayment over the course of 1-2 years. Given the times we are in, some projects have come out with only a 10-15% downpayment structure on a building that is ready 3-4 years from now. I personally believe that once we come out of this downturn in the market we will see new highs in the Real Estate market and prices will continue to rise up.

Below are some great projects that are offering flexible downpayment structures:

11YV (10% Down)

11YV located at Yonge & Yorkville developed by Riocan, Metropia and Capital Developments is going to be an iconic building in the Yorkville neighbourhood. Rising 62 storeys high, this beautiful development consists of 675 suites and some of the most luxurious amenities. With only 10% down you can secure a unit here and leverage 90% of this asset which would be ready in September 2024!

Empire Maverick (15% Down)

Empire Maverick located at King & Spadina at 333 King St W is located in one of the best locations in the City of Toronto and currently offering only 15% downpayment structure. 5% first year, 5% second year and 5% third year. This allows you to spread out the payments throughout the 3 years!

Galleria On The Park, Phase 2 (15% Down)

Galleria On The Park is the new masterplanned community in the City of Toronto. Located at Dufferin & Dupont, this development will revitalize this entire neighbourhood. Starting from the low 600's, you can get an amazing unit at an amazing price with only 15% down!

If any of these projects interest you and you'd like more information, send me a message and I'll send you price list and brochure!