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CMHC Guide to Buying a Condo PDF Print E-mail

We found this guide useful for those who are thinking of purchasing a condominum.  The Canadian Housing and Mortgage Corporation (CMHC) provides a thorough 43 page guide to help you consider all aspects of a condo.

Condominium living is a popular option for many Canadians as it can be a relatively carefree housing option. Currently, in some parts of the country, one out of three new homes built is a condominium. Interest in condominiums tends to grow with a shortage of rental accommodation, relatively low mortgage interest rates, and urban core renewal. Most major newspapers now include a condominium section which recognizes the increasing number of people who already live in—or aspire to live in—a condominium. This Guide has been created to help you become an informed condominium buyer and to help you make the best choice. Please see the glossary at the end of the Guide for full definitions of some of the terms used in this guide.

The Guide will give you the basic background information you need to get started on the path to condominium ownership. It will identify important questions to ask—and the people you should be asking—before you make this important purchase. At the end of the Guide, we’ve provided you with a condominium selection checklist to help you narrow down the choice between the different types of condominiums you might see. This Guide provides a general overview of the purchase of condominiums. It is not intended to provide legal or technical advice. It is recommended that you retain appropriate legal and technical professionals to guide you with any condominium purchase you may consider.

Click here to open the full guide: CMHC Condo Buying Guide