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For many people, home ownership is the beginning of the next stage in their life. Deciding on what type of dwelling is right for you is a decision that should be considered carefully. For young people that enjoy a busy lifestyle with little free time perhaps a condo is the right choice. First, why don’t we take a look at the definition of a condominium? The most common definition would be units of property (such as apartments) that individuals own within a building or complex, plus shared ownership of common grounds and the complex structure. When you are considering purchasing a condo you must keep in mind that you will have the usual property taxes to pay, plus condo fees that are applicable to the building where you will be living. You will not need to worry about the upkeep or cutting the grass as you would with purchasing a home, as the condo fees you pay are used for any upgrades and maintenance work that is needed.

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Nadine Robbins, Sotheby's International Realty Canada
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