In hot markets such as Toronto and Vancouver, condominiums are becoming an attractive solution for many first, second and third time home buyers alike. I know because I just sold my single family detached home and downsized to a condo. And boy, am I happy about it.
While Canadians are socialized to believe that owning a house with land is the ultimate goal, many of us find caring for a house far too time consuming, stressful and expensive particularly for single parents, first time home buyers, the elderly and busy executives.
This is where the beauty of condo living comes in.