Thinking of Buying a Condo?

How to be prepared when buying a condo

If you are thinking of buying a condo this is a great read – published by the Ontario Government and answers many questions that may be on your mind when assessing condo life. Understand what’s involved in buying a condo, and your rights and responsibilities as a condo owner. A few of questions you want to answer before you buy

Do I know what the condo fees are, and how are they determined?
What are my repair and maintenance responsibilities, & what do the condo fees cover?
What does the corporation insurance cover and do I need extra insurance?
How much is in the reserve fund and is it sufficient?
Who is living in the building? Owners or renters – what is the mix?