A Vancouver Condo Remains an Affordable Housing Option for Residents

If your savings account has considerably less zeroes in it, though, you can purchase a more affordable Vancouver condo instead. Indeed, multi-family properties like condominiums have become a major fixture in the city’s housing market—as of 2011, they represent 37.7% of all new dwellings built in major cities like Vancouver, Toronto, and Montreal. Aside from their more budget-friendly price tags, condo units also offer many other advantages over traditional homes. For instance, they require less maintenance because most of the upkeep is undertaken by the condo association or property managers (funded by the residents’ monthly contributions, of course). What’s more, condominiums are often located at the heart of the city, a stone’s throw away from major shopping and business districts. Another draw are the amenities they provide, such as swimming pools, entertainment pavilions, and fitness centers, among many others.
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