Industry All-Stars: Debbie Cosic, Founder and CEO, In2ition Realty

Deep into a second year of the pandemic, I connected with six industry game changers for their advice to those considering purchasing a pre-construction home or condo in the next year. You can find these folks in our 2021 Builders' Annual. Here's Debbie Cosic, the head of In2ition Realty. Debbie has worked with builders and developers in markets across Canada for decades and has plenty of knowledge and know-how to offer those considering the concept of buying new construction. We appreciate Debbie's expert insights!

If you decide to buy a pre-construction home or condo, congratulations! Buying at the lowest price is one of the many advantages of purchasing pre-construction. And as an added bonus, with occupancies and closings likely years away, you have more time to save. And the biggest benefit of buying pre-construction is that while you’re waiting for your new home to be built, you are making money. Because you bought as early as possible, prices will rise continually, earning equity on your purchase.

Buying early also means first come, first served when choosing your desired home, including floorplan, and based on whether you’re buying a home or a condo – your floor, view, elevation, exterior package and more. All of these factors are important to both end-users and investors, so whatever your situation, think about getting your foot in the door as soon as possible.

Buying pre-construction also means you get to choose the features and finishes that place your personal stamp on your surroundings. This is a big and exciting step for most buyers. Even if you stick to standards, you will enjoy an impressive level of luxury. Why not select the items and colours that appeal to your personality?

Another advantage of buying pre-construction is that you decided to buy new. You benefit from Tarion Warranty Corp. protection, as well as a home or condo that features the most up-to-date construction methods and materials upheld by Ontario Building Code, plus energy-efficient elements such as fixtures and appliances. And speaking of those appliances, it’s a terrific feeling to be the first person to use them.

Whether you’re a first-time homebuyer or a seasoned owner, your next home or condominium purchase will probably be one of the single largest financial and lifestyle investments of your life. You may want to look into enlisting the help of a real estate agent who is experienced in pre-construction sales. Whatever you decide, buying early in the marketing cycle means you can sit back and enjoy the benefits.