It's only fair to share...

Whether you’re looking to purchase your first home or want to downsize and enjoy low-maintenance living, owning a condo may be the perfect fit for your lifestyle.

Here are seven reasons to make the shift
to condo-style living:

Advantage #1 – It makes financial sense 

With rental property prices bring at an all-time high, it makes sense to pay toward the ownership of a condo than to pay towards your landlord’s mortgage. There are many affordable condo ownership options in Simcoe County and the surrounding area that can work within a variety of budgets. In any case, this will be an asset which you can sell for a profit at the right time or rent out for additional income.

The average price of a resale condo in Toronto is over $558,000 (Financial Post, April 2018), and with daily GO Train service to Toronto from Barrie, it is making more sense for first-time buyers in the GTA to consider condo living further north.

Advantage #2 – Maintenance-free living 

Not everyone has a green thumb or the time to develop one. Living in a condo lifestyle, this will also mean no shovelling, window replacements, or roof maintenance. Forget the constant upkeep, this is all provided to you when you choose to purchase a condo.

Advantage #3 – Amenities, amenities, amenities! 

Many condos offer gym facilities, swimming pools, saunas, sports courts, and more. Worried about where you would throw a party? Condos often provide terraces for barbeques or the option to book a party room for your private events.

Advantage #4 – Delight in decorating a space of your own

If your landlord favours flowery wallpaper or mustard coloured walls, you just might have to settle. With home ownership, you are free to let your space reflect your personal aesthetic.

Advantage #5 – Built-in community 

Condo meetings can be a great way to get to know your neighbours and develop a sense of community. You’ll see your neighbours more regularly than in a residential setting, so if you are looking for a way to increase your socialization, purchasing a condo may be a good place to start.

Advantage #6 – Location

Condo living can exceed beyond the downtown area in your city or town. Many condos can present a view of the water, mature trees, passing wildlife, or the hustle and bustle of the city.

Advantage #7 – Security 

Condo living allows additional peace of mind with the sense of built-in security. Most condos at the very least have a digital security system in place which prevents anyone without a code from entering the building. Many also have a security guard or concierge that will have the best interest of their building residents in mind.

Interested in owning a condo? Click here to view our active condo listings.

Mark Faris
CEO & Broker

It's only fair to share...