The Canadian property market has been ruled by condos for quite some time now. It is even getting real with condominiums in 2018 as more people are looking to buy or rent a modern house. That is why this post would not have come at a better time than this. For anyone looking to invest in a condo to live in, the best time is now.
The condo bubble in Canada has stayed for quite some time now and it could be bursting any time from now. To make your decision easy, here are some of the reasons why Canadian condos are the best property to invest in right now.
They are in the best locations
As opposed to single houses that tend to be in seclusion and far away from town centers, condos are primly located. They are near town centers where public transport is in plenty. They are also near places of work so you can always walk to work anytime you feel like it.
These are places you would not even dream of if it were not for condos. This is one of the reasons why many people are shifting their focus from single houses to the more popular condos.
Social amenities are in plenty
Living in a single house comes with its own challenges. If you need a pool, you have to create and maintain yours. This would prove quite expensive since you are paying everything off your pocket. For condos, you do not have to worry about maintaining any of the social amenities you need.
Swimming pools, community hospitals, playing grounds, public gardens and much more are at your doorstep and you do not have to pay a dime to maintain them. Since you are close to shopping centers, you have a freer access to the best social amenities any time you want.
Condos are appreciating really fast
If you buy a condo now, you only need to keep it a few years and it appreciates by a big margin. There is a force of demand pushing the value of condos each day. This is one good investment you can make now before the market is saturated.
Even if you do not live in them, you can rent out and collect money as your property appreciates. Selling it at a later date will return your investment and leave you with adequate funds to buy a home.
Better security and safety
Safety and security are some of the top things you look for when looking for a place to live. Owing to their popularity, condos are strictly guarded. If you live in one of them you can bear witness that there is tight security and your safety is never at a question. That is something lacking in other alternatives such as single houses.
For condos in Canada, it is the best time to buy or live in one. Countless benefits come with this move. It is time you see condos for what they are; a hot property option and make your move before it is too late.