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Purchasing a Condo

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Five Things You Should Know Before Buying A Condo

Publication date:
May 28, 2019
Article Summary: 

Provides a list of five important things that potential buyers should consider before purchasing a condo. First, they should research the builder and ensure they have a good reputation. Second, they should review the condo documents, including the declaration, by-laws, and rules. Third, they should understand the fees and what they cover, including common expenses and reserve funds. Fourth, they should understand the difference between common elements and exclusive-use areas. Finally, they should be aware of the warranty coverage provided by Tarion. The blog also provides additional resources for those looking to purchase a condo.


condo, builder, reputation, condo documents, fees, common expenses, reserve funds, common elements, exclusive-use areas, Tarion warranty.

Source Citation: 
Five Things You Should Know Before Buying A Condo
May 28, 2019
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