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. This Guide has been created to help you become an
informed condominium buyer and to help you make the best choice. Please see
the glossary at the end of the Guide for full definitions of some of the
terms used in this guide. 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 end of 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.
This Guide provides a general
overview of the purchase of condominiums. It is not intended to provide
legal or technical advice. It is recommended that you retain appropriate
legal and technical professionals to guide you with any condominium purchase
you may consider.
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Buyer's Guide Book", Simply
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