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Real Estate Condo buyer’s guide: How to get into a hot real estate market without getting burned

Canada’s once-blazing real estate market is showing consistent signs of cooling off. Potential buyers who have been watching from the sidelines are wondering if now’s the time to make a move. We’ve rounded up some of our best condo-buying articles to help would-be purchasers make informed decisions.

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COLE BURSTON/The Canadian Press

Is now the time to buy?

Has Toronto hit peak condo?

The seemingly unstoppable Toronto condo market may have peaked, with condos sitting on the market longer and selling below asking or with extensive conditions attached.

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Drawing Conclusions: Should you wait for a market crash before buying a condo?

Regardless of whether housing prices drop, consider these important factors.

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LAURA LEYSHON/The Globe and Mail

Canada’s home prices flat through the end of summer

The Globe’s House Price Data Centre is where you’ll find the latest real estate prices nationally, by city and in your neighbourhood.

Check out the House Price Data Centre

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Christopher O Driscoll/Getty Images/iStockphoto

How to finance a condo purchase

Why you shouldn’t take the maximum mortgage you are offered

Despite the temptation to take every cent the bank will lend, exercising some caution can pay off.

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Knowledge is power in negotiating your mortgage

Don’t head to your mortgage lender before you do your due diligence.

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Rules, rates and reality checks for first-time home buyers

Before you buy, arm yourself with the facts and figures you need to prevent your dream home from becoming a financial nightmare.

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Hidden costs of condo buying

How not to get hammered by rising condo fees

The potential for rising condo fees or special assessments plays a big part in deciding whether to buy a new or older condo.

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Drawing Conclusions: What can send your condo fees sky high?

Special assessments and other factors can cause your condo fees to increase unexpectedly. Here’s how to prepare.

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Ian Willms/The Globe and Mail

Delays and rising costs: The risks of buying a pre-construction condo

Weigh the pros and cons before buying from a floor plan, and understand the risks.

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Basit Sultani

Condo market news and investigations

Downsizing to a condo? Our calculator shows how little you’ll save

Condos are smaller than houses, but are they cheaper to live in? It’s commonly assumed they are, but this may not be the case.

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Looking for the best return in the condo market? Buy old

According to data compiled by Urbanation Inc., the best increases in valuation since 2012 were all in complexes built before 1994.

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Fred Lum/The Globe and Mail

Young urban condo buyers: Why not rent instead?

Rent a downtown condo, don’t buy one, writes personal finance columnist Rob Carrick. You still get to live the urban lifestyle and save money in the process.

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Anarchy in the sky: The condo dream becomes a nightmare

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Bad or unethical condo board governance means that, instead of the dream of hassle-free home ownership, condos often end up becoming a living hell.

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LAURA LEYSHON/The Globe and Mail

Flipping of condo units by insiders fuels hot Vancouver market

The Globe and Mail spent weeks piecing together available data on who bought and flipped condos in six new buildings. The investigation revealed a highly profitable game being played by local industry insiders.

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Competition Bureau targets condo renovation industry in criminal probe

Canada’s competition watchdog is probing what it calls “allegations of bid-rigging and conspiracy” involving the region’s multimillion-dollar condo renovation industry.

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Toronto’s five decades of condo growth, mapped

It’s been 50 years since the emergence of condos began to redefine Toronto development as we know it.

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How to spot a bad condo

You need to consider not just the condo unit, but the whole building before you buy. Here’s how.

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