Condomania living and investing is a popular option for many Canadian as it can be a relatively carefreeCondomaniahousing and real estate investment option. Currently, in major cities in Canada, one out of three new homes built is a condominium. Interest in condominiums tends to grow with a shortage of rental accommodation, relatively low mortgage interest rates, and urban core renewal. “New Real Estate investors intend to buy condos to start investing, since there is very little care required” say Navtaj Chandhoke, founder of Professional Real Estate Investors Group (PREIG) Canada and  Most major newspapers, Real Estate websites now include a condominium section which recognizes the increasing number of people who already live in—or aspire to live in—a condominium.

Residential condominiums can be high-rise or low-rise (under four storey’s), town or row houses, duplexes (one unit over another), triplexes (stack of three units), single-detached houses, stacked townhouses or freehold plots. There are even mixed-use condominiums that are partly residential and partly commercial buildings. They come in various sizes with diverse features and they can be found in almost every price range.

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