Here is a step-by-step guide on how to buy a condo in Toronto:   Determine your budget: It's important to have a clear idea of how much you can afford to spend on a condo in Toronto. This will help you narrow down your search and avoid overspending.   Hire a real estate agent: Working with a knowledgeable real estate agent can be extremely helpful in the condo buying process. They can assist you with finding condos that match your criteria, negotiate the price, and help with the closing process.   Research neighbourhoods: Choose the neighbourhoods you are interested in and research the various condos available for sale.   Visit open houses and go on showings: Visit a number of condos to get a better understanding of the condos you're interested in and to get a feel for the neighbourhoods.   Make an offer: Once you've found a condo that you're interested in, work with your real estate agent to make an offer. Your agent will negotiate the price and help you finalize the deal.   Get a mortgage: If you need a mortgage to purchase your condo, it's a good idea to get pre-approved before making an offer. This will give you a better idea of how much you can afford to spend.   Review the condo Status Certificate: Every Condo has a series of documents that outline the financial health, legal status and detailed information about the condominium corporation. It is important to have a real estate lawyer review these documents prior to closing the sale in order to protect yourself from future issues.   Closing the sale: Once your offer has been accepted, the next step is to finalize the sale. Your real estate agent and a lawyer will assist you with this process.   Move in: After the sale is finalized, you're ready to move into your new condo in Toronto!   This is a general guide on how to buy a condo in Toronto. It's important to remember that each transaction is unique, so it's always a good idea to seek the advice of a real estate agent and a lawyer. | Most Searched Real Estate Questions