One important note to keep in mind if you’re buying a condo apartment or townhouse.
Always make sure to review the strata certificate before putting an offer. This will show details pertaining to maintenance fees, active law suits, reserve funds, and any assessments.
Most lenders will not lend on buildings with active lawsuits, especially if the reserve funds and insurance don’t cover the amount.
Keep this in mind if you’re on the market for a condo
Feel free to reach out for more details
647 901-7948
info@modomortgages.ca
