Buying a condo? Better brush on your condo rules – most developments have strict requirements when it comes to renovations, noise and even what you can keep on your balcony. Here’s what prospective buyers should know.
For the first time in 16 years, there may be change coming to the Ontario Condominium Act. The proposed changes will target fraud and money mismanagement, and are meant to protect condo owners – but may come at a cost.
Buying your first home can be such an overwhelming experience. With so many p’s and q’s to keep track of, it’s no surprise that a recent RBC poll found 60% of first time buyers made at least one mistake during the purchase of their home.
A common mistake made by first time home buyers is underestimating the additional costs of owning a home compared to renting – which can be an additional 40 per cent higher than mortgage payments alone.
The saga of the Trump Tower investors are heating up the headlines – but how does this relate to you average condo buyer? Misleading sales tactics, backed up builder schedules and unpredictable fees can all cause mortgage financing problems. Read our checklist of the top condo buying pitfalls.