Physical evaluation checklist for resale units
Use this checklist to size up the physical state of the condominium. Common Elements — Interior Common Elements — Exterior Unit Neighbourhood
Condominium purchase and recurring costs
Expenses included in buying a condo. Don’t Forget to Factor These Costs Into Your Budget: * May not apply to resale units, since it was already paid and/or factored into the purchase price. There are exceptions. For instance, GST and the federal portion of the HST will apply in some cases. Recurring Costs: Other Costs…
Tips for buying a new and resale condominium
All of the lists, tips and answers to frequently asked questions you need when buying a condo. Tips for buying a new condominium Handy tips to help you when you go to buy a new condominium. Look over the unit’s drawings and specifications so you’re clear about the floor measurements. Do they reflect the actual floor…
Buying a condominium
Determine the condominium you can afford and which experts to consult. Looking at potential homes to buy can be an exciting experience. First, you need to figure out what you can afford and how much of a mortgage you’ll need. Then, once you find a condominium that matches your financial and personal criteria, you’ll want…
The pros and cons of condominium ownership
Determining if condominium living fits with your lifestyle, personality and financial situation. Wondering whether or not condominium living really is the right choice for you? You may love the idea of ditching your snow shovel and lawn mower when you move into a condo, but you might not be so happy about leaving your satellite…
Condominium governance
Condominiums are communities and some run more smoothly than others. Before buying a unit, ensure you understand how condominium corporations make decisions about finances, common property, rules and regulations. This section outlines the role of the board of directors, your voting rights and responsibilities, common rules and restrictions as well as the differences between “self-managed”…
Condominium basics
Condominium basics Understanding condominium ownership, lifestyle and successful condominium living. Condominium living can be an appealing housing option. It’s often affordable and someone else handles much of the maintenance and repairs, such as shovelling snow and replacing the roof. Many condominiums have enhanced security features over those found in single-family houses and offer a wide…
Understanding the Buyer’s Agency Exclusive Contract
When working with buyers in a real estate transaction in BC, consumers and their REALTOR® may choose to use the Buyer’s Agency Exclusive Contract. This video explains the purpose of this common standard form and its contents.
A Consumer’s Guide to Understanding the Home Buyer Rescission Period
This video provides an overview of the Home Buyer Rescission Period and explains how buyers can rescind or cancel their offer to purchase.