Why a Condo is a Better Investment

Why a Condo is a Better Investment

Many of you may not think this way, but it is now a fact that a condo is a much better investment in today’s world than a house is. Condos offer a lot more and are better suited to the needs of people who are young and have grown up with a different sort of life than the last two generations. So in this article we will be discussing why an investment in a good condominium, like the Saint Condos in Toronto is a great idea.

Before anything else, you should know that in the last census in Canada, it was found that condos have been the largest growing type of household currently in the country. Nowadays, Condos make up for 1 in every 8 households. This is a growth at an unprecedented level and it is largely expected that as more people migrate from the rural to the urban setting, and as more people will opt to stay in cities instead of in suburbs, the popularity of condos will increase.

One of the things that makes the condo such a viable option is the fact that the condo will come with its own maintenance team. While the maintenance team will not be responsible for things such as dusting inside your house, they will make sure any damage to your living space and any utilities that you need are in consistent tip top shape. Many people will say that a condo charges a monthly fees that pays for this, but what many people do not think about is how the maintenance fee is divided between all the people in the condominium and furthermore, how much more it will cost to do the monthly maintenance for a house when you pay out of pocket.