Condos are Toronto's most popular property type. Here's everything you need to know before you buy.
Condos represent the entry point to Toronto homeownership for most buyers and a high-demand rental asset for investors. With average prices starting around $600K, condos open doors that detached homes cannot — particularly in downtown Toronto, North York, and Mississauga.
A legal document revealing the condo corporation's finances, rules, and any pending lawsuits. Always review with a lawyer.
Ensure the building has an adequate reserve fund. An underfunded reserve can mean surprise special assessments.
Monthly fees cover building maintenance, insurance, and amenities — understand what's included and increases over time.
Some buildings restrict rentals — critical to check if you plan to rent out the unit.
Older buildings can offer space and value, but professional management is key to long-term stability.