Found 8 blog entries tagged as Condo.

When it comes to investing in real estate in St. John's, Newfoundland, potential buyers are often faced with the decision of choosing between a condo or a house. Both options have their advantages and drawbacks, and understanding the differences can help you make an informed decision that aligns with your needs and preferences. In this article, we will explore the factors to consider when choosing between condos and houses in St. John's and help you determine which option is right for you.

Understanding Condos

Condominiums, or condos, are housing units within a larger building or complex that are individually owned. Condo owners have exclusive ownership of their unit and shared ownership of common areas such as lobbies, gyms, and swimming pools.…

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Short for condominium, is a type of real estate property where individuals own a specific unit within a larger building or complex.

If you're considering an investment that combines convenience, lifestyle, and financial gain, look no further than buying a condo. In this blog post, we'll explore the top reasons why purchasing a condo can be a smart and rewarding investment.

Low-Maintenance Lifestyle

One of the greatest advantages of condo living is the freedom from maintenance hassles. Say goodbye to mowing lawns, shoveling snow, and exterior repairs—condo associations typically handle these tasks, allowing you to enjoy your downtime stress-free. Spend your weekends exploring local attractions or pursuing your hobbies, knowing that…

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Are Condos a Good Investment

The pandemic impacted Canada in many ways, including the real estate market. The industry was quickly able to adapt to virus conditions by relying on technology solutions like virtual open houses and e-signatures to facilitate transactions. Although many in-person practices have been taken up again, virtual practices for buying and selling homes have remained popular, especially for those who may not live in the area and are unavailable in person.

When market conditions change, some choose to size up their investments to determine if there are other opportunities to explore. With the remote work trend allowing for alternate living arrangements, many are wondering if now is the right time to dip their toes into the condo…

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Doing your due diligence before buying a condo is of the utmost importance. Potential questions include: 

  • What are the service terms for board members?
  • Does the condo board have a reserve fund and how much money is in it? 
  • Does the condo have any upcoming major repairs? 
  • Are water, electricity or heating included?
  • Is maintenance of common areas (garbage pickup, snow removal, etc.) covered by condo fees? 

They’re all questions you’ll want answers to before you decide to put in an offer. 

Whether you live in a big city full of condos like Toronto, Ontario, or a smaller town like Canmore, Alberta, condos are often seen as a first step in homeownership for young adults. They’re also popular among seniors looking for…

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Family-focused condos

It used to be that the sign of a growing family was a detached house in the suburbs, where children can run in the backyard and go on adventures with neighbourhood kids. However, family-focused condos are giving many parents another option for a home that meets their needs.

Large cities around the world have been building residences that are suitable for families, and Canada is beginning to follow. Modern condo buildings are larger and packed with amenities, perfect for the families that are now calling them “home.” As the children grow, urban centres offer endless opportunities for work and school, convenience and entertainment right outside your door. And once the kits move out, there’s no need to downsize because the…

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There’s a harsh reality for plenty of Canadians with green thumbs who can’t indulge in the luxury of a full yard to explore. Perhaps you’re in an apartment or condo, maybe you rent, or it could be you simply want to bring the outdoors inside. 

Tall potted plants use vertical space to help add depth to a smaller residence, and we’ve seen how planters can add to outdoor appeal without hurting your budget. Herb gardens, big or small, indoors and out, are always popular with foodies, and if you play your flora cards right, you may attract some desirable fauna even without a huge greenspace.

To help you ease into some new ideas for your space-friendly garden, we’ve collected some thoughts to share with you. Be sure to add your own tips and tricks in the…

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Condo suites with dens can command a higher price-point than those without… But if you’ve been keeping up with how to do your den right, you already knew that.

This is according to Baker Real Estate Incorporated’s Baker Insights Group (B.I.G.), and — despite the last year (plus) intensifying the truth of it — such has actually been the case for several years now.

“The biggest difference between the unit mix in 2020 versus 2018 and 2019 is the share of suites with one bedroom plus den, which rose from 10% in 2018 and 13% in 2019 to 23% last year,” reads the insight group’s recent market report.

What’s more, dens are shown to add value to a condo, even when they don’t actually provide extra floor space.

“Baker recognized that buyers…

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By Meghan Belnap

Condo living can be an amazing experience, especially if you’re new to the real estate market. Condos provide an opportunity for private ownership without a lot of the maintenance associated with single family homes. If you want to own your home, but have a busy schedule, it could be a great option for you.

Related: Looking to Rent a Condo? 4 Factors to Consider in Your Search

Condos can also come with the benefits of amenities and a great location. However, there are drawbacks to any kind of housing you may choose, including issues that come up when you’re living with others under one roof. Here are a few common issues that potential condo owners should take into consideration:

On-Site Construction

If you’re…

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