So, you've decided to buy a new condo. Take note of what you want in your new condo, and then determine who can deliver. Buying a home is probably the biggest financial commitment you'll make in your lifetime. Do your due diligence to ensure you're making a smart investment.
There's no question condominiums are an increasingly popular housing choice for Canadians for a variety of reasons -- lower costs and prime inner city locations chief among them. But this also means condo buyers' demands are changing like never before.
You may think that the present market condition in Canada is great, after reports of record breaking price increases in Vancouver and Toronto. Bear in mind that they are mostly fuelled by foreign Chinese buyers and local speculators, still unloading overvalued real estate to naïve buyers.
The idea of buying a condo might have crossed your mind, but before you rush into this trendy alternative housing arrangement, keep in mind that vacancies may start climbing later on this year. Here are some basic pros and cons of condo ownership, and compare buying versus leasing a condo unit.
This year promises to be particularly exciting for real estate investors. For the first time in many years, we may actually see the interest rates creep up from their historical lows. The head of the US Federal Reserve, Ms. Janet Yellen, indicated on numerous occasions that the rates would go up incrementally as their quantitative easing was coming to an end.
Whenever a new condo tower is announced in Vancouver, public outcry is often not far behind. This has never been truer than in recent weeks with news headlines about Vancouver residents voicing their concerns over what condo developments will do to their sense of community, and the character of their neighbourhoods. It's a debate that's raged for decades. Is suburban sprawl or urban densification the answer to city growth? Is it better to go up or out? Each has its proponents and buckets of data to back up their views.
Condominium owners need affordable options for settling disputes with developers and property managers, says a Toronto MPP
More and more people are ditching detached homes in the suburbs for high-rise life in the big city. According to figures
Many of the glass condominium towers filling up the Toronto skyline will fail 15 to 25 years after they’re built, perhaps