Condos and condominiums in Canada are a huge part of the Canadian real estate scene. It is approximated that out of every eight Canadian households, one lives in a condo or in a condominium. The reason for this could be the ever increasing amount of people who want to live in the growing metropolis areas of the country and so are moving in there. With the option of building multiple storey housing buildings in the larger cities of the country, real estate agents find that this gives them the solution of providing housing to all the people who want to live in the city but are finding a hard time looking for affordable yet quality housing. In that sense it is a pretty good deal for both the owners and managers of the condominiums and also the people living in the condominiums, as it provides housing at a rate much cheaper rate than what you would get for a property with a house, and you don’t have to get a lot of different plots of land but can build a lot of floors on top of the same piece of land and make several houses out of them. A good example of cheap affordable condos in Canadian cities is the Peter and Adelaide condos found in Toronto.
Aside from just people who are moving towards the bigger cities to change up their lifestyles you will also find that condos will suit your needs if you are someone who is thinking about retiring, if you are a student, if you are a younger couple looking for a place that you can call your own. The reason being that houses usually require a lot of work and time that you need to do to maintain them but condos do not need that.