CONDO

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How Long Will Condos Last?

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.

The Low Returns of High-Rises

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

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?
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Canadian Condo Craze will Collapse onto Taxpayers

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

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.