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What You Should Know Before You Buy a Condo

www.CMHC.ca offers a good wealth of information for real estate investors.

Condominium living is a popular option for many Canadians as it can be a relatively carefree housing option. Currently, in some parts of the country, one out of three new homes built is a condominium.

Interest in condominiums tends to grow with a shortage of rental accommodation, relatively low mortgage interest rates, and urban core renewal. Most major newspapers now include a condominium section which recognizes the increasing number of people who already live in—or aspire to live in—a condominium.

The Guide will give you the basic background information you need to get started on the path to condominium ownership. It will identify important questions to ask—and the people you should be asking—before you make this important purchase. At the endof the Guide, we’ve provided you with a condominium selection checklist to help you narrow down the choice between the different types of condominiums you might see.

download the guide here

Resource: The Victoria Real Estate Board www.vreb.ca