Can’t Decide Whether to Buy a Condo or an Apartment?

by Christopher on

When people are looking for a dwelling to move into with their families they have main options such as apartments, condominiums, and single-family homes. Out of these options apartments and condos are much more affordable and easily available in the real estate market. These are type of dwellings where the owner is entitled to the ownership of the living unit that is situated on the specific floor and he or she does not own any land.

Gone are the days when people used to be skeptical about these types of residential properties as nowadays most average income household are shifting to apartments or condos. From the external appearance both of these properties might look similar but as you enter inside it, you will see several differences. In terms of cost, people living in condos can reduce their average monthly spending because of the services and utilities provided in the package. As most of the people are fitness oriented and are much conscious about their health, they are likely to join a gym or yoga center. In most condos situated in urban area daily life and recreational activities are available such as swimming pool, spa, fitness center, and guest area.

The utilities that are the byproduct of a condo ownership are far more valuable than just owning an apartment. On the papers you will have the ownership of similar type of living unit but in reality you can get high quality services in condos. Icona on Yonge is currently considered the best condo project in Toronto that is projected to rise in the real estate market in the coming years. These projects allow the residents to live a luxurious lifestyle where they are offered superior quality of amenities and facilities.

Written by: Christopher