The home inspection report is delivered in a new electronic format developed exclusively
for condominium buyers or sellers, the company says.
The study measures customer satisfaction
of condominium buyers throughout the new home purchase and early ownership experience.
An
inexperienced condominium buyer will benefit greatly from an explanation of how condo association fees are assessed and how they can be changed in the future, raising the cost of ownership.
Tridel Corp. ranks highest in satisfying
new condominium buyers in the GTA market for a fourth consecutive year, with an overall satisfaction score of 730.
Two of five
condominium buyers in the Greater Toronto Area (GTA) indicate they would have purchased from another builder if given a second chance, according to a J.D. Power and Associates study.
While the Condominium Act, 1998 requires that certain monies
from condominium buyers be held in trust, deposits and upgrades paid by freehold purchasers are treated differently.
«
Many condominium buyers are looking for their builders to deliver against their perceived commitments,» says Marc Thibault, real estate practice leader at the Canadian office of J.D. Power and Associates.
Neither Trump nor Clinton have come out against anything specific to the real estate industry, such as abolishing the mortgage interest deduction, and the latest policy hints from Washington, D.C., have been favorable to the industry, including no rush to increase interest rates from the Federal Reserve and the recently discussed loosening of FHA financing requirements
for condominium buyers.