Condo & Townhome Sales in London & St. Thomas
Condos and townhomes with shared elements come with a layer of documents and rules a freehold home doesn't have — worth understanding before you buy, not after.
Frequently Asked Questions
What's a status certificate, and why does it matter?
It's the condo corporation's official snapshot of its finances and legal status — reserve fund balance, any lawsuits, upcoming special assessments, and the current rules. Your lawyer should review it before your financing condition comes off; it can reveal problems a showing never would.
How do condo fees affect what I can actually afford?
Lenders factor monthly condo fees into your debt ratios the same way they factor a mortgage payment, so a higher-fee building can lower what you qualify for even at the same purchase price. Worth checking with your mortgage broker before you fall in love with a specific building.
What should I check before buying a townhome with shared elements?
Ask whether there's a condo corporation involved (common in freehold-style townhome complexes with shared roads or facilities), what it covers, and what the monthly or annual fee is — freehold townhomes can still carry shared-cost obligations that aren't obvious from the listing alone.
Does the Buyer Protection Guarantee apply to condos?
Yes — the same 18-month guarantee applies to qualifying condo and townhome purchases. Ask me for full program details for your specific situation.
What's different about selling a condo versus a freehold home?
Buyers and their lawyers will want the status certificate early, so I get that request moving as soon as we list rather than waiting for an accepted offer — it avoids a delay right when momentum matters most.