Found 4 blog entries tagged as condo fees.

Buying a condo can be an exhilarating adventure, akin to finding a needle in a haystack, but with a far more luxurious payoff! As you prepare to dive into the world of condominium living, we've got the scoop on what to look for. From hidden fees to pet-friendly policies, we'll cover it all in this handy guide that will ensure your condo purchase is a smooth and savvy one

Location, Location, Location

The first rule of condo buying is simple: location is key. Start your search by considering your commute, amenities, and neighborhood vibes. Are you a city slicker or do you prefer the serene suburbs? Proximity to public transportation, parks, schools, and healthcare facilities should also be on your radar.

Budget Wisely

Dollars and cents…

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Condo living offers a unique lifestyle with its own set of benefits, amenities, and considerations. Whether you're a first-time buyer, downsizing, or seeking a low-maintenance lifestyle, condos provide a range of advantages. In this article, we will explore the benefits of condo living, discuss common amenities found in condo buildings, and highlight important considerations for prospective condo buyers.

Convenience and Low-Maintenance Living

One of the key advantages of condo living is the convenience and low-maintenance lifestyle it offers. As a condo owner, you are typically responsible for the interior of your unit, while the condo association takes care of the maintenance and upkeep of the building's exterior, common areas, and shared…

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What are condo fees, how are they calculated, and what do they cover? Condos have become the home of choice for many Canadian homebuyers, particularly first-timers, but increasingly move-up buyers as well. But many don’t understand this lifestyle option before deciding that it’s right for them.

Homeowners are drawn to condo living for a variety of reasons. It is a good option as residents age and can no longer care for a house or want to downsize. There is less maintenance and repair responsibility and more security features. But the big draw is often on-site amenities such as a swimming pool that you would not otherwise be able to afford.

Affordability is a big factor behind the relatively recent shift to condo living,…

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Condos are often attractive to buyers, not only because they can be in a more favourable price range than single family homes, they can provide easier access to amenities and a low-maintenance lifestyle. 

However, these benefits don’t come without a cost. In addition to your mortgage, you’ll need to plan for the maintenance fees, also known as condo fees. This article will look at what condo fees are, when they can be reassessed, and what they mean for your mortgage, specifically related to an apartment-style condominium building.

What are condo fees?

To put it simply, condo fees are monthly contributions made by unit owners to a condo corporation (the organization that runs the condo building). This money is then pooled together and goes…

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