Condominium Buyer’s Guide
So You’re Thinking About Buying a Condominium?
Condominium living is a popular choice for many Canadians as it can be a relatively carefree housing option. About one million Canadian households own a condominium (often referred to as a “condo”). Most major newspapers now include a condominium section, which recognizes the increasing number of people who already live in — or want to live in — a condominium.
This Guide will give you the basic background information you need to figure out if condominium ownership is really for you. It will identify key questions to ask — and the people you should be asking — before you make this important purchase.
In This Guide you will Find:
General information about buying a home is available in CMHC's Homebuying Step by Step.
If you are buying a condo in order to rent it out, also consult CMHC's Your Guide to Renting a Home.
This Guide gives a general overview of what's involved in buying a condominium and is not intended to provide legal or technical advice. It is strongly recommended that you retain legal and technical professionals to assist you with any condominium purchase.