Condominiums in Ontario

Residential condominiums account for one out of every three new homes built in Ontario.  In Toronto, condos make up 75 per cent of homes built  since 2000 and in 2008, condos were 86 per cent of new homes.
 
These condos can be either high-rise or low-rise apartment style units, townhouses (some known as freehold condos), detached houses, stacked townhouses - any configuration of housing you can imagine. What makes them "Condominiums" is not their physical structure but the way in which owners have agreed to share the ownership of the common elements of the property, while retaining individual ownership of parts of the property which constitute their units.

 

Advantages of Buying a Condo

St. Gabriel Village Condominium by Shane BaghaiThere are many advantages to purchasing a condo rather than a traditional home. Buying a condo is often cheaper than buying a house. Furthermore what attracts many to condominium living is the lifestyle that accompanies it. Condos are maintenance free (no shovelling snow, managing lawn, etc.), and can come with many amenities such as a party room, pool, recreation center, or gym. They tend to be very safe and those who like to travel can leave their home for extended periods of time without worry.

 

Your Toronto Condominum Specialists

Rhonda and Perry have a proven track record with Harvey Kalles Real Estate and have sold and leased over 180 condos in various complexes in all parts of the GTA. They are extremely familiar with what you should look for in a condo and are knowledgeable about various aspects of condo living including:
  • special assessments for condo maintanance
  • reserve funds for condo common element repairs
  • common expenses (ie. mechanical, elevators, landscaping, security, snow removal, etc)
  • condominium by-laws
  • condominium financial statements
  • condominium rules and regulations
In fact Rhonda and Perry have sat on a condominium Board of Directors and are currently living in a condo themselves. 
 
Have a look at our featured condos:  St. Gabriel's Village, the New York Towers, Ridley Boulevard, and Torresdale Terrace.
 
Contact us for your free copy of our booklet "Buying a Condominium - Condominium Ownership and What You Need to Know."