The London Condo Professionals 
Ty Lacroix Broker of Record 181 Commissioners Road W London, ON N6J 1X9
Phone: 519-435-1600 Email Ty

Townhouse Condos London Ontario


 Townhouse condo, townhome condo, freehold condo, aren't they all the same? There seems to be some confusion about the differences between the three and to make the complexity more befuddled if you google all three,  you will see what I mean.

    Information Condos in Lonon Ontario

  So, in London Ontario and area, Realtors, builders and lawyers generally define them as the following:

  • Townhouse Condo: Can be attached or detached, single floor or a two or three storey

 

  • Town Home Condo: Usually detached, more upscale and freehold or a general condominium corporation

 

  • Free Hold Condo: Detached, you own the land and are responsible for your roof, windows, doors, and you pay a nominal fee to the condo corporation for road maintenance and common grounds.

 

  Now, before anyone wants to nitpick me on the above descriptions, I have helped hundreds of buyers and sellers of condos in London, and these three definitions worked for them. Take note that your lawyer and the status certificate of the condo corporation and the property you are buying or selling is defined quite clearly in all documents and ownership is defined.

 A professional Realtor will have already verified that for you, but then, what do we know, we are out seeing condos every day!

     Meeting your lawyer condo in London buying

                                             Where To Start?

   Most start by going to MLS and picking up all the real estate magazines they can get their hands on & going to open houses or model homes

   Check Our New Advanced Condo Web Site 

  That's an excellent way to get a feel for price and style. But then what? What about specific condo rules, fees and financial stability of the condo corporation, amenities and other questions that should be very important for you to know?

                              Looking for condos in London Ontario to buy

 

  Another alternative is to take advantage of our knowledge and experience with condos & houses in London Ontario and area.  Daily, our associates view quite a few condos in London and area & are quite familiar with price, quality, safe neighbourhoods and know the better run condo corporations and some to avoid.

 Do you use up a tank of gas or spend hours on MLS going through hundreds of listings?

  What about if you could first know what you can get in your price range, learn about the styles, even locations?

  Even some common sense ideas?

 Below is a snapshot of condos for sale in London Ontario & area on MLS

 

 Townhouse Condos For Sale on MLS London Ontario      Detached Condos For Sale on MLS in London Ontario      Apartment Condos For Sale on MLS in London Ontario 

 

  Check Our New Advanced Condo Web Site 

 Oh, and by the way, are you wondering what your payments will be?       

                                             Condo Mortgage Calculator

Here is a fabulous 4 in 1 mortgage calculator that will guide you to know your costs.

 

  Below are links to some but not all townhouse condo complexes (townhomes, attached and detached, one floor and more) in London Ontario by price range.

  Included are prices last year, what units sold for compared to the asking price, how long they took to sell, some buyer & seller tips and at times, a blunt discourse on being prudent when buying or selling a condo.

Under $150,000

 

$150,000 to $250,000

 

$250,000 to $400,000

 

400,000 to $500,000

 

Over $500,000

 


A Great Instant Mortgage Calculator


 

This unique condo mortgage calculator is four calculators in one!

  By entering your numbers once, the calculator will help you determine loan amounts, mortgage qualification, affordability and whether you should be renting or buying, all with a click, instantly.

 It is private and secure, only you see it. You can if you wish, even send an e-mail or receive one containing the results, by clicking on Receive This Detailed Analysis!

 By the way, no one, not even I, only you will see the email analysis.

Contact me if I can assist you in locating a favourable financing alternative for your new home!

I work with some of the best mortgage providers around, my network of lenders are pro's, they know the business, from the Royal Bank, Scotia Bank, TD Canada Trust, CIBC, Bank of Montreal, Manulife to independent mortgage brokers.

 

 Complete the fields below (e.g., Cost of HomeDown PaymentMonthly Income) and click Calculate Now. To view the different results of your calculation, click on the various tabs. To mail yourself a copy of your results, click the Receive this Detailed Analysis link.

 
Required Fields
Term In Years:     
Interest Rate:      %
Cost of Home:  $
Down Payment:  $  
Annual Insurance:  $  
Estimate Insurance to 0.43% of Cost
Annual Property Tax:  $  
Estimate Tax to 1.2% of Cost
Monthly Income:  $
Monthly Debt:  $
Optional Fields
Gross Debt Service Ratio (GDS):     
Total Debt Service Ratio (TDS):     
Condos Fees:  $
Results
  Receive this Detailed Analysis

Your Monthly Payments
 
Loan Amount:
Loan Insurance (%):
Total Loan (Mortgage) Amount:
 
Principal & Interest:
Homeowners Insurance:
Property Taxes:
Condo Fees:
Monthly Loan Insurance (%):
Total Monthly Payment:
Income Needed to Qualify for the Mortgage
Total Monthly Loan Payment:
Total Monthly Debt Payment:
Monthly Loan Insurance (%):
Qualifying Income of % GDS Ratio:
Qualifying Income of % TDS Ratio:
What You Can Afford
We are using the % ratio.
Cost of House:
Down Payment:
Loan Value:
Monthly Principal & Interest:
Monthly Insurance:
Monthly Property Tax:
Monthly Condo Fees:
 
Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] /
(monthly interest rate/ function of interest rate)
Renting
Monthly Rent: $
Annual Rental Increases:  %
Monthly Renter Insurance: $
Savings or Investment Rate:  %
 
Owning
Planned # of years in home: 
Yearly appreciation of the home:  %
Annual home maintenance:  %