The Condominium Authority of Ontario (CAO), when designated on September 1, 2017 will provide education and promote awareness of condo owner rights and responsibilities, as well as provide important information for condo corporations. The condos vs. apartments conundrum is often an easy choice for retirees, young adults without kids, or anyone who would like to own property in more densely populated areas where detached single-family homes just cost way too much. If you’re thinking about buying real estate, whether as an investor, vacationer or year-round resident, condos are definitely something that should be on the radar.
But if you are going to rent out that apartment for the first time, you are going to get the most you can the very first time,” said Lobo, explaining that landlords looking for financing to build a rental apartment complex need what’s called take-out financing to begin construction and that’s based on today’s expected rental income, not what an owner might get in three years.
Occupying half of the building floor, this is the largest and most lavish condo at the Marble Inn Resort. Condos aren’t inherently better or worse than any other type of residence, but depending on your situation, a condo or co-op could be a fantastic choice as a homebuyer. Kindly contact us if you would like to buy or lease any of the condo projects listed below.
There are currently 1.6 million people living in condos in Ontario and more than 50 per cent of new homes being built in the province are condominiums. Protecting condo residents in Ontario is part of our plan to create jobs, grow our economy and help people in their everyday lives. Condo rentals in Emerald Isle offer all the comforts of home with the luxurious amenities of a hotel – it’s the best …