• The Right Agent Can Lead the Way

Victoria Area Real Estate

British Columbia Canada


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Condo buying is generally more affordable, easier to maintain, amenity- rich and often located in desirable neighbourhoods, it makes sense why condos are increasingly the popular choice among first-time homebuyers in Canada.

However purchasing a condo is completely different that buying a traditional detached single-family home.

 Condo vs. House: What is the difference anyways?

• When you purchase a unit, ownership is contained within that unit’s living space and a portion of the building’s common spaces and                   assets.

Condo: Not just high-rises.

• Condos also come in a variety of formats such as units in low-rise buildings, townhouses, and triplexes.

Brand-new or resale.

• Besides dwelling type, when purchasing a condo you have the option between choosing a brand new unit or one that has been                               previously lived in.

There are a host of factors to consider that are unique to the condo buying process. If you are a first-time home buyer and looking to purchase a condo, these following helpful tips will guide you through the often times complex journey.

Location Location Location.

• The neighbourhood makes the condo. Ensure your condo has many amenities nearby (such as coffee shops, gyms, restaurants, parks,                 links to public transportation).

Your financial comfort zone:Factor in monthly fees.

• When purchasing a condo, it is not only the monthly mortgage payments you have to factor in, but also monthly maintenance fees.

Do your due diligence.

• It is clear there are a number of different factors to consider when purchasing a condo; as a result, it is imperative that you take the time and do your due diligence.



Download and print Condo Buying for First-Time Homebuyers

 Mortgage Designers

P 250.744.5557
C 250.858.5401
2-4440 Chatterton Way
Victoria BC V8X 5J2

Condo Buying for First-Time Homebuyers