a big condo

A Guide to Buying Your First Condo in Canada

If this is your first time to move to Canada, then you must know that condo living is a part of the lifestyle there. Low maintenance, amenities, security, and strategic location are some examples of the reason why many Canadians prefer residing in a condo unit than in a rental house.

In this article, you’ll learn how to get the best condo unit in four steps. Follow through!

Check the Location

You want to live close to the most urbanized area in the province because of the facilities. For example, if you are a professional advancing your career, then the Canary Commons condos are the perfect place to start looking. Located just 10 minutes away from the Financial District in Old Toronto, living there will definitely give you access to many job opportunities and potential business colleagues while still maintaining a reasonable cost of living. Moreover, the note that the transit score in that location is 95 out of 100! It means that you can go to the neighborhood areas effortlessly. Check this map below to see for yourself!

You’ll see how many shopping facilities and dining places are in there. You don’t have to be worried about where to hang out with your friends or family after work. Besides, once you are bored with urban entertainment, you can try walking around the parklands to experience the refreshing green atmosphere.

Look for Amenities

gym machinesIf you rent a house, you must allocate extra budgets if you want to exercise in a gym or swim. In a condo, they are all included. And that is why you must examine the amenities provided by the condo management and see if they fit your interest.

However, do not get swayed by the non-essentials. For instance, you plan to have a car once you move in. It means that the parking lot must provide you with adequate safety and easy access. Second, do not forget to evaluate how Internet access will reach your place. It will be a nuisance if you have to go down to the ground floor first only to use the Internet.

Examine the Contract and the Fees

signing some paperworkIn exchange for all the facilities and easiness, you will have to pay the maintenance fees, or also called as association dues. The money is meant to cover the upkeep of all amenities in the condo so they will always be in the best shape. In your contract, these dues are supposed to be included. And on your end, you must calculate if those expenses are reasonable or not.

Moreover, you will also be restricted from making any improvements that can alter the look of your unit. If you buy a condo, it surely is yours, but with some notes. And you have to pay close attention to those rules, or your unit can lose its market value.…

See More