Condominium Buyer's Guide

So You’re Thinking About Buying a Condominium?

Condominium living is a popular choice for many Canadians as it can be a relatively carefree housing option. About one million Canadian households own a condominium (often referred to as a “condo”). Most major newspapers now include a condominium section, which recognizes the increasing number of people who already live in — or want to live in — a condominium.

This Guide will give you the basic background information you need to figure out if condominium ownership is really for you. It will identify key questions to ask — and the people you should be asking — before you make this important purchase.

In This Guide you will Find


Chapter 1: Condominium Basics
Learn how condominium ownership differs from other forms of homeownership.

Chapter 2: Condominium Governance

Read about how condominium corporations are run and rules that govern day-to-day condominium living.

Chapter 3: The Pros and Cons of Condominium Ownership
Find out if condominium ownership fits with your lifestyle, financial situation and personality.

Chapter 4: Buying a Condominium
Know what to look for whether you’re buying a new or a resale condominium as well as the costs you need to factor into your budget.

Chapter 5: Checklists, Tips and FAQ's
Information that will help you find a condominium that is right for you.

Glossary
Demystify condominium terminology with this list of commonly used words and phrases.

Provincial/Territorial Fact Sheets



General information about buying a home is available in CMHC's Homebuying Step by Step: A Consumer's Guide and Worksheets.

If you are buying a condo in order to rent it out, also consult CMHC's Your Guide to Renting a Home.

This Guide gives a general overview of what's involved in buying a condominium and is not intended to provide legal or technical advice. It is strongly recommended that you retain legal and technical professionals to assist you with any condominium purchase.

Quick Contact

Follow on Twitter Like on Facebook Add on LinkedIn View YouTube Channel Add on Instagram
Kim Fox RE/MAX 
4440 49th Avenue  Red Deer,  Alberta  T4N 3W6 

Mobile: (403) 506-7552 Fax: (403) 343-3085 Email: