The Chase: a bachelor decides to stop renting and get in on the hot condo market

Toronto Life has a monthly feature like a mini-House Hunters in which they follow a buyer and detail three of his choices. Here’s the most recent:

By Monika Warzecha | Photograph by Liam Mogan

The Chase: Real Estate

The Buyer: Stan Nevolovich, a 28-year-old tennis pro.

The Story: Nevolovich loved his 800-square-foot apartment near Yonge and Davisville. His commute to work at the Queen’s Club at Bathurst and Dupont was easy, and the neighbourhood had great restaurants and bars. But after renting for two years, he wanted to buy. “I don’t like renting,” he says. “I even hate leasing cars. I have to own things!” His brother had just sold his midtown condo and pocketed almost $80,000, a move that both inspired and worried Nevolovich. “I knew if I waited any longer, I’d never be able to afford it.” Two years ago, the banks thwarted his attempt to get into the housing market because of mortgage rules for the self-employed. At the time, he’d been on contract at the Queen’s Club for a year, but needed three to four years of steady, full-time employment to be approved. Once he got the go-ahead, he set a budget of $320,000 and started looking. His wish list was simple: a one-bedroom condo with good access to transit and a decent on-site gym.

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