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A condominium is a great investment choice for a variety of reasons: condos are less labour-intensive and, generally, less costly than single-family homes to maintain, they're often within walking distance to amenities, pose fewer mobility issues for seniors or people with young children, can be safer and friendlier, and they're often loaded with community amenities like a pool, party room, and/or fitness space. Depending on whether the community allows it, a condo can also be rented out for additional income. With all these benefits, of course, there are some pitfalls to condo-ownership. Below, you'll find some tips and tricks for ensuring your first condo-buying experience is a great one.

Do the Dues

On top of your mortgage, you can expect to pay…

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