View Single Post
Old 10-07-2013, 01:39 PM   #3
Jbo
NOT a cool kid
 
Jbo's Avatar
 
Join Date: Sep 2009
Location: Calgary
Exp:
Default

As somoeone sho has owned both a house and a condo, my personal recommendation would be a house. Condos have a number of factors that can be a concern.

1) New developments tend to have no reserve budget and get hit with special assessments. Ex. I have been hit with a few thousand dollar assessments a couple times. Older buidlings have reserve budgets, but also have higher risk for things like roof/foundation repairs.

2) Condos tend not to increase dramatically in value, but also tend to decrease quicker.
Jbo is offline