Canada Condo

What to Keep in Mind When Buying a Pre-Construction Condo

Dan S. Barnabic | Posted 05.08.2015 | Canada Business
Dan S. Barnabic

Buying a condo unit during the preconstruction phase might seem to be a straightforward proposition. However, in real life, buying a unit before it's constructed may work out to be anything but straightforward.

Condos and Houses Are Like Apples and Oranges

Dan S. Barnabic | Posted 04.10.2015 | Canada Business
Dan S. Barnabic

To many buyers and unit owners, condominium ownership may still be ambiguous and convoluted. Since condos aren't based on the same ownership structure as street-level traditional (freehold) homes, comparing condos to traditional homes is like comparing apples with oranges.

How Long Will Condos Last?

Dan S. Barnabic | Posted 05.28.2015 | Canada Business
Dan S. Barnabic

A condo unit will remain a viable real-estate ownership alternative for as long as its monthly maintenance fees and realty taxes remain below the monthly rental of a comparable unit in another condo complex or apartment building. Once the condo's maintenance fees and realty taxes exceed the cost of comparative rentals, there will be no demand to buy it.

Condo Buyers No Longer Want This

CP | Alexandra Posadzki, The Canadian Press | Posted 05.16.2015 | Canada Business

TORONTO - When Barbara Lawlor first joined Baker Real Estate, a Toronto firm that markets and sells new condo developments, over two decades ago, sell...

Should You Buy In A Remediated Building In B.C.?

Atrina Kouroshnia | Posted 10.26.2014 | Canada British Columbia
Atrina Kouroshnia

If you've been looking at B.C. real estate listings for any length of time, you've likely seen the phrase "remediated" at least once, especially if you're considering older construction.

Toronto Condo Market Breaks Rental Record

CBC | Posted 10.15.2014 | Canada Business

Rental demand in Canada's largest condo market surged to a record level in the last three months, according to new data from market research fir...

Should You Buy A B.C. Condo Without A Depreciation Report?

Atrina Kouroshnia | Posted 09.24.2014 | Canada British Columbia
Atrina Kouroshnia

Last December a new B.C. government directive went into effect, requiring condo buildings to prepare a depreciation report that gives prospective buyers details about expected long-term expenses or problems. Despite the new rule, only about one quarter of the stratas across the province have commissioned depreciation reports so far.

The Lights Are Going Out On Real Estate: Report

The Huffington Post Canada | Posted 05.29.2014 | Canada Business

Canada's real estate market may look healthy, but it's showing signs of fraying in certain regions and prices could fall by 25 per cent in the long te...

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...