Buying a new condominium in the Toronto area is a new trend.
Condos have become the primary choice for homebuyers, and with the vast selection available in the GTA, buyers need to be well-informed about their future purchases.
CondoFees.com allows visitors to compare maintenance/condo fees of condominiums in the Toronto area. The website also provides information on what these fees include, as well as other amenities in the buildings.
Developed in 2004 by Winhan Wong, sales representative for Sutton Group Associates Realty, the site was designed to help buyers compare fees when in search for a new condo. Sellers can also benefit from the website by comparing their fees to those in other condominiums.
“I wanted to get people more information on what is involved in terms of buying a condo and understanding what the condo fees are and how much they are actually paying per square footage,” Wong said.
“I actually think it is the only site like this on the Internet.”
The site offers a user-friendly interface, where visitors can select a location in which they are interested to buy by clicking on a map. Once the desired area is selected, the user is taken to a list of condominiums available in that location.
The listed information about the properties includes the approximate cost per square foot, address, builder information, as well as a checklist of available amenities such as a pool, exercise room, heat, hydro, cable, central air and security guard. A list of extras is also included and varies with every property.
Users can check off the properties they are interested in, and bookmark them by hitting the “add to favourites” button. The favourites list can be reviewed at any time
The information on the website is acquired from the Multiple Listing Service and is updated three to four times per week.