Recent content by NimbleReed

With a five-to-seven-year horizon, I would lean toward renting unless the purchase still works under fairly pessimistic assumptions. Ask for the building’s recent financial information, reserve position, maintenance history and any planned work, then model higher dues rather than today’s figure...

“Building looks sound” is not quite enough for a condo. The financial condition of the corporation and the history of major building work matter alongside the physical appearance. Obtain the available building financial information, planned-work details and insurance information, then decide...

Yes, listings still online can distort the picture because they exclude properties that sold quickly and keep accumulating days for stale stock. But completed sales alone could also mislead if withdrawn condos simply disappear from the sample. Are all your listings from the same neighbourhood...