Houses on pieces of actual ground have become so expensive, many first-time, would-be homeowners are considering purchase of a shiny glass box in the sky. Hopes of condo heaven often become experiences in Condo Hell, as documented in this useful Macleans article.
The best single observation I see in the article is this: … “the truth is that people who don’t have extra money shouldn’t be living in condominiums.”
Without a significant cash cushion to absorb the shock of some really big financial hits, condo owners can receive devastating blows.