Buying a Condo in Waterloo Region: Guides

A condo is two purchases in one: the unit, and a share of a building run by a condo corporation. The corporation's finances become your finances, so the most important document in a condo purchase is the status certificate, and the most important monthly number after the mortgage is the condo fee.

The guides below explain what to look for before you firm up, what fees cover and why they rise, and what happens when the reserve fund falls short. Lenders count part of your condo fee when they work out what you can borrow, so the affordability tool includes it in the monthly cost.

Here's what condo fees and condo apartment prices look like in each city: