BUYING A CONDO
A Mississauga condo viewing checklist: look beyond the photos.
A showing helps you understand the unit. A purchase also involves understanding the condominium corporation. Keep those two parts of your decision together.
Inside the unit: test your everyday routine
- Measure the spaces that matter: bed placement, dining space, desk area and storage.
- Notice light, noise and how you move through the layout. A single visit cannot establish what conditions are like at every time of day.
- Ask which appliances and fixtures are included, and record questions about their condition.
- Confirm the parking and locker arrangements from the documents, including whether each is owned, exclusive-use or otherwise assigned.
Outside the unit: check the building
- Walk the actual route from the entrance or parking space to the unit.
- Ask about move-in bookings, delivery arrangements and visitor parking.
- Read the building rules that matter to your plans, including pets, renovations and renting the unit.
- Check the amenities you expect to use and any access or booking requirements.
Ask for the paperwork before deciding
A resale condominium's status certificate provides information about the unit and the condominium corporation. Arrange for your lawyer to review it and the accompanying documents. Ask about the corporation's finances, reserve fund, insurance, rules and any issues that could affect the purchase.
A showing and a marketing brochure cannot replace a review of the documents. Discuss any conditions, professional inspections and financing requirements with the appropriate people before committing.
Keep a simple comparison
After each visit, record three things: what fits, what concerns you and what still needs verifying. Compare the ongoing costs and practical trade-offs, as well as the asking price. Bring the unresolved questions to your Realtor, lender or lawyer as appropriate.
Official resources
- Condominium Authority of Ontario: buying a condo
- Condominium Authority of Ontario: status certificates
General information to help you prepare questions. Property details, schedules and requirements can change. Get advice appropriate to your situation before signing an agreement.