Lakeridge sits in south Saskatoon near Lakeview and Stonebridge, an area that has drawn steady condo development, and a buyer comparing units there is really comparing builder contracts as much as floor plans, since finishes, upgrade packages and closing costs vary considerably between projects.
New construction attracts the 5 percent federal goods and services tax, which a resale purchase does not carry, so confirm whether GST is included in the quoted price, and budget separately for landscaping, window coverings and any upgrades excluded from the base contract.
Joel compares a Lakeridge new build against both other new projects and comparable resale condos nearby, so a buyer is weighing the premium against something real rather than against a sales centre's brochure.
Get your hand-reviewed valuation from Joel Dyck.