If you’re looking to purchase real estate in Vancouver, you’ve likely seen listings for condos.
For those unfamiliar with this term, “condos” are units within a building (called a “condominium”) that are individually owned. Condo owners share and jointly own common spaces, like hallways, parkades, and amenity rooms.
In Vancouver, the average size of a condo unit is 769 square feet. The average cost to buy a condo is just over $800,000.
There are plenty of good reasons to buy a condo in Vancouver. However, there are also things you should keep in mind to make sure this kind of property is right for you. Here are some pros and cons you should consider.
The Pros of Buying a Condo
- It’s not your job to maintain the property
When you live in a…
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