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    Condominium ownership: is it right for you?

    Buying a condo may be the right move for you if you answer ‘yes’ to most of the following:

    • I like the fact that a condominium is an “instant community” and my neighbours won’t be far away.
    • I want to participate in the running of the community with other condominium owners.
    • I don’t want the hassle of shovelling snow, cutting grass, and other outdoor chores.
    • I’ll use some of the condominium’s amenities.
    • I understand that I will pay monthly fees for maintenance and repair of the condominium and will budget accordingly.
    • I know there may be restrictions on the number of occupants in my unit, pets, noise, parking, etc.
    • I’ll read through the condominium’s documents before I buy so there’ll be no surprises.
    • I understand that a board of directors can make decisions on my behalf.

    Provided by Canada Mortgage and Housing Corporation

    Read the complete Condominium Buyer’s Guide.