What to know before buying a condo

I just stumbled across this awesome episode of CBC’s Marketplace all about the shady side of condo buying called Condo Crunch. They’ve got a written summary, or you can watch the video.

Mostly the tips apply to buying pre-built condos. Here are some of the main points:

  • Take a tape measure to the model suite. It amazed me that they make the model suites bigger than they are on the floor plan.
  •  Look into the developer’s track record.
  • Hire a real estate agent and a real estate lawyer.

I’ll be watching some of the other Marketplace episodes that are online, some of them look pretty interesting.

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