Should You Buy or Lease a Condo?

canada

By Dan S. Barnabic, April 16, 2015

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 and consider the most recent warning of housing market correction by the Bank of Canada. In any event, let’s examine some basic pros and cons of condo ownership, and compare buying versus leasing a condo unit.

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How Long Will Condos Last?

canada

By Dan S. Barnabic, March 28, 2015

Every time I am approached by condo buyers and owners alike, the most asked question is on the future of condominiums.

Practically speaking, condos will exist as a real-estate ownership option for as long as there are buyers willing to buy them — notwithstanding their inherent ownership related problems.

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