Living in a
condo is ideal to keep up with big city life. If you’re planning to move to Winnipeg
or any other major city across Canada, you’d do well to know the local housing
market inside out. Many factors can affect the price tag of that condo unit
you’ll be eyeing. Here are some few tips to help you prepare financially.
Plan for the Future
If you’re just
going to be in town for a couple of months to a year, buying is probably not a
good idea—you’d be better off renting instead. If you want to settle
permanently or stay for at least ten years, the smart choice is to buy.
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Prices
differ from city to city. For instance, in a city like Toronto where everybody
wants to be, there’ll be limited space and likely less units available. You can
expect condos to be more expensive there to make up for the lack of availability
and keep the supply-demand relationship in balance.
Fast Travel
Cities
already make transportation easier by being that much closer to the essentials,
but if you want a better resale value, look for a property with the most
transit options. This might drive up the price a little, but you can save up on
transportation costs in the long run.
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