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CMHC's condominium buyer's guide

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.

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.

Chapter 1: condominium basics

Understanding condominium ownership, lifestyle and successful condominium living.

Chapter 2: condominium governance

Condominium governance structure, your responsibilities and different management styles.

Chapter 3: the pros and cons of condominium ownership

Determining if condominium living fits with your lifestyle, personality and financial situation.

Chapter 4: buying a condominium

Determine the condominium you can afford and which experts to consult.

Chapter 5: checklists, tip and FAQ's

All of the lists, tips and answers to frequently asked questions you need when buying a condo.

Tips for buying a new condominium

Handy tips to help you when you go to buy a new condominium.

Tips for Buying a Resale Condominium

Tips and advice to help you when you go to buy a resale condominium.

Checklist for buying a new condominium

Everything you need to look for and/or verify when purchasing a new condominium.

Checklist for buying a resale condominium

Everything you need to look for and/or verify when purchasing a new condominium.

Condominium purchase and recurring costs

Expenses included in buying a condo.

Physical evaluation checklist (for resale units)

Use this checklist to size up the physical state of the condominium.

Questions to ask advisors and condominium experts

All of the information you need from the experts before buying a condominium.

Frequently asked questions

Common questions and concerns about purchasing condominiums.

Glossary

Common terms and phrases when purchasing a condominium.

Provincial and territorial fact sheets

Get familiar with how laws related to condominiums work in your province or territory.

Next Condominium basics

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Date Published: July 12, 2018
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