Why Condominiums Are Still A Sound Investment

As a condominium lawyer, I am often asked by clients and colleagues for my assessment of the Ontario condominium and real estate market.

While my job as a lawyer is not to analyze trends or track sales, I see first-hand the value that condominiums are adding to communities across Ontario.

While an eventual slow-down in sales is inevitable in Ontario, the most important asset that the condominium market has going forward is the continued desire for homeowners to be part of a condominium "community."

When condominiums were first envisioned 30-40 years ago, the idea was for owners to share in the legal ownership of a building, in an effort to offset the operating costs amongst a group of owners.