If you’re thinking of buying a resale condo, you should do your research on the unit and condominium corporation before you make any decisions. You can access key information on any condominium corporation in the province through the CAO’s Public Registry. For more in-depth information about the unit and condo corporation, you should consider requesting a status certificate. Status certificates A...
If you are thinking of buying a new condo, there are many things to consider.Here are some helpful tips:Make sure you understand exactly what is and isn’t included in the purchase price.Carefully review the unit’s layout, boundaries, and unit factor.Review the planned amenities and decide if they meet your needs.Make sure you have a good understanding of what you can afford in common expenses fees and...
If you’re thinking of buying a new condo, the information below provides a brief overview of some of the most important considerations. Condominium corporation registration As discussed above, condominium corporations are created when the builder (referred to as the declarant in the Condominium Act, 1998) registers the declaration and description with a land registry office. For new condo developments,...
Buying a Condo So, you’ve decided that condo ownership sounds right for you – great! But it can be hard to know where to start, particularly for first-time buyers. Before we discuss new and resale condos in London Ontario in more detail, here are some general considerations to get you started: Step 1: Your Budget When searching Condos for Sale London Ontario MLS Determining how much you can...
When you are looking for a condominium, you may find different options on the market. It’s best to familiarize yourself with the types of condos in London Ontario. There are two main types of condominiums: freehold and leasehold.Freehold condominium corporations:Freehold condominiums fall into one of three categories:1. STANDARD CONDOMINIUM CORPORATIONSWhen you buy a condominium, you are likely buying...
Condos for sale London Ontario It is important to under Condos structure before looking at Condos for sale London Ontario. Condos are becoming ever more important in the real estate industry and at times much confusion lies around. London Ontario Condos for sale are unique - making ever so important to properly examine financials, board, by-laws and much more. I hope this article below...
Introduction to Condos for Sale In Ontario, more home buyers than ever are considering condos for sale as an alternative to freehold home ownership.There are already over 800,000 condo units and over 1.6 million residents in the province, and almost 60 per cent of new homes built in Ontario are condos and the search for Condos for sale London Ontario MLS is ever increasing.The Condominium Authority of...