A large percentage of first-time homebuyers these days are millennials, also known as Generation Y. With so many young professionals making the move to purchase their first home, condos are a smart investment for millennial buyers.
Affordability: condos make for a great entry point into the real estate market, as prices are obviously lower than that of single-family homes. With Calgary’s red-hot economy, and outperforming condo market, it’s always a great investment as well.
Eco-friendly lifestyle: condos allow you to take advantage of a more eco-friendly lifestyle: walkability, lower energy usage and an overall smaller carbon footprint. Many people who live in condos favour the access to walking, amenities and transit, forcing many to leave their cars at home too.
Condo culture: living in a condo provides a lot of opportunity to get to know your neighbours and provides a strong sense of community. Bulletin boards in common areas allow residents to interact and share events/opportunities as well.
Low-maintenance: condo life provides a lot of conveniences in terms of homeownership, such as an absence in landscaping, shovelling snow in winter and reduced time spent on cleaning, etc.
If you’re looking to get into condo homeownership, feel free to contact us or you can always find us on Twitter.
