Quote:
Originally Posted by Johnny199r
Why do people live in Condos when they could live in modern purpose built apartments? Why pay condo fees? Why risk special assessments? Why pay realtor fees when you sell?
None of that makes sense to me.
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Right or wrong, home ownership is still very much a marker of success & the dream for many Canadians. Condos are the first point of entry into the housing market for many homeowners.
I’m sure many would love to skip that step, but scrapping together a 5%-20% downpayment for a $200-$250k property is a much lower bar to clear than a $400-$600 SFH.