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Purchasing a Condo

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New vs. Resale Condos

Ontario Condo Information Centre
Publication date:
November 22, 2022
Article Summary: 

This blog post compares the advantages and disadvantages of purchasing a new or a resale condo. When buying a new condo, the main advantages are the opportunity to customize the unit and the modern amenities, but the drawbacks can be higher costs and uncertainty regarding the finished product. Resale condos, on the other hand, can offer better value for money, established communities, and a better idea of the finished product, but may require renovation or updating.


buying a condo, new condo, resale condo, customization, amenities, cost, uncertainty, value, community, renovation.

Source Citation: 
Ontario Condo Information Centre
New vs. Resale Condos
November 22, 2022
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