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Real Estate Book – The Condo Bible for Canadians: Everything You Must Know Before and After Buying a Condo

Real Estate Book – The Condo Bible for Canadians: Everything You Must Know Before and After Buying a Condo

Real Estate Book recommendation of the month:

The Condo Bible for Canadians: Everything You Must Know Before and After Buying a Condo

By Dan Barnabic

The Condo Bible for Canadians is a buyer beware and owner beware book that reveals the legal and practical realities of condo ownership, compares owning a condo with owning a house/renting an apartment, and advises consumers on the dangers of the condo real estate market, given …

    • The debilitating market crashes of the late 1990s and 2006
    • The effects of today’s record low interest rates, in which:
      • Developers are enticing consumers into condo ownership by allowing low or even no down payments
      • Real estate prices are soaring out of the reach of those with average incomes
      • The market is being flooded with condo units, creating an oversupply that could prove disastrous

Barnabic writes that very few consumers are aware that:

  • One defaulting unit owner can affect the well being of all unit owners
  • A high percentage of units being rented out may be a sign that the complex may be converted into an apartment building
  • A condo association’s default on a common loan can cause the demise of the whole condo complex and its individual units

The Condo Bible for Canadians also includes:

  • The Ten Commandments of Condo Buying
  • Recommendations and remedies for government and financial institutions, condo associations, and condo boards to make condo ownership safer

For more Real Estate Book recommendations check out our entire list!

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