What is positive and negative point to buy a condo town house 1BR and 1 Den at Burlington?
-----------------------------------------------------------------
"First they ignore you, then they laugh at you, then they fight you, then you win" - Mahatma Gandhi
Location: God's own country
Posted on: 29-05-06 16:21:14
Positive : No rent. Mortgage to own. You own something in Canada. No picking up snow.
Negetive :
Condo fees.
No appriciation of value over significant time. Burlington is sparsely populated. May find it hard to sell.
Also hard to sell if building boom busts. if need to go to india for 2 months, you pay the condo. fees as waste.
TK
-----------------------------------------------------------------
I am a Gents and not a Ladies.
Condos are better investments than coops which are more common in NY. There are a ton of new construction condos in the GTA area. The disadvantage in buying a condo is that you dont have any control on the value of your unit. It all depends on the number of sales in the building and the area.....VS if you bought a home then you would see more appreciation in the value of your home - at a much faster pace.
If you need any help with a pre qualification for a mortgage then contact me as I can help you with it. I am a licensed mortgage agent. The rates I can offer are below
Variable rate mortgage of 0.90% Below Prime!
• 5% Cash Back on your purchase or refinance
• No income qualifier Line of Credit when refinancing your home
• A fully Tax deductible Mortgage
Term Our Rate
6 Month 5.25 %
1 Year 4.75 %
2 Year 4.90 %
3 Year 4.99 %
4 Year 5.10 %
5 Year 5.25 %
7 Year 5.35 %
5 Year Variable 4.85%
ALy Azam
905-315-3296
