There are a lot of benefits to be had if a person decides to switch off from their house and move to a condo instead. People might think that this sounds insane but there are a lot of different benefits that people can enjoy if they live in a condo that they would not be able to enjoy if they lived in a house, and for many people that is more than enough.
As the statistics from the last census shows, there has been a huge shift in the amount of people that live in condos and have moved out of houses. It was revealed that in Canada, 1 in every 8 households are actually based in a condo rather than a house or an apartment. This number has been on the rise for a few years and it is expected that more and more people will eventually start living in a condo. The attracting factor for many has been the amount of money that they are able to save.
For a house that is the same size as a condo, with the same living space and same facilities, the house will usually cost about two thirds more than the condo, like Icona Yonge Condos, will cost. This is because the prices of houses sky rocket really quickly. While that might be good for you if you want to buy your house only to sell it for profit later, but for those who want to live in their own place permanently, a condo makes the better option financially. There is also the benefit of not having to worry about external maintenance or any yard work. The external maintenance is handled by the maintenance team and there is not garden that needs to be kept up just so that house values start going up.