Homeowners who choose the convenience of city life over the more generous living space in suburbia are driving Canada’s real estate market, according to a new report jointly produced by consultancy PricewaterhouseCoopers and the non-profit Urban Land Institute. — Money Sense
These are the headlines around the nation today, as homeowners are trading space for convenience and moving to downtown condos, we already know why condos are a great choice.
The condo market in Calgary is consistently strong, and currently breaking records, so we thought we’d explore the great reasons to purchase a condo. There are many advantages to consider when purchasing a condo for the first time, or simply buying your next one.
Advantages to condo living:
- protection from rent increases
- monthly cost of owning is often less than renting
- availability of amenities such as: swimming pool, tennis courts, hot tubs, saunas, whirlpools, exercise facilities, health spas, sun decks, community rooms, etc
- freedom to make interior changes and enhancements to your unit
- enhanced security availability and peace of mind when leaving unit unattended
- maintenance and upkeep is kept down or eliminated
- security of tenure and permanent occupancy
- very marketable
- participation of owners in operation of development including budgeting, decision making, determination of rules and bylaws.
One of the great advantages to owning a condominium is that in most cases, it is owner-occupied and owner run. Owners ensure their investment is maintained and regard improvements as an investment which increases the value of their individual unit.” – RE/MAX Canada
Do you have questions about the condo market and buying or selling a condo? Feel free to contact usanytime.
