Canada Condo

The Low Returns of High-Rises

Jonathan Saveriano | Posted 04.09.2013 | Canada Business
Jonathan Saveriano

A simultaneous fit of euphoria and vertigo weakens your knees as you gaze out the living room window of a brand new 22nd floor luxury penthouse. Amidst the flood of emotions and peer pressures, you manage to clear your head and ask yourself one sobering question -- is this a good long-term investment?

So You've Invested in a Condo That No Longer Exists

Mitch Parker | Posted 10.14.2012 | Canada Business
Mitch Parker

Despite the rumours surrounding the "real estate bubble," there is one thing that is certain; lenders are tightening their belts and imposing greater restrictions on both consumers and developers. For those that aren't aware of how the process works for a new construction condominium, here's a quick lesson: Developers in Canada need to sell 75 per cent of a project in order to get their financing. In Canada, basically, not enough sales means no money therefore in some circumstances, no project. So where does that leave investors?

Ask a Realtor: Should I Just Rent in This Market?

Susanne Hudson | Posted 08.07.2012 | Canada Business
Susanne Hudson

Renting is always an option but the allure of owning your own home is hard to beat! And over the long run owning a home that is appreciating in value is a good investment. Where else can you enjoy the comfort of an investment and pay no capital gains when you cash out?

Canadian Condo Craze will Collapse onto Taxpayers

Diane Francis | Posted 07.03.2012 | Canada Business
Diane Francis

Conventional wisdom is that this is the market at work. This is not the market at work. This is manipulation of a government system of open-ended mortgage insurance that is poorly supervised. What is going on here is a deluge of hot money from abroad that is creating an artificial, and potentially dangerous real estate bubble.

Ask a Realtor: Should I Buy a Condo or Co-op?

Susanne Hudson | Posted 06.26.2012 | Canada
Susanne Hudson

Perhaps you're thinking of downsizing since you don't need the four-bedroom house anymore. Sick of shoveling the snow? Want more time to travel? A hassle-free condo lifestyle might be what you're looking for. Condos and co-ops are both good alternatives to owning a house, but there are pros and cons to both.

Why You Should Never Buy A Pre-Construction Condo

The Grid | Posted 08.16.2011 | Canada

Until a few years ago, pre-construction condos offered buyers a true deal compared to resale properties. You would have likely paid $400 per square fo...