Buying a condo is much like buying a house. You will need to be sure your credit rating is good, that you have an adequate down payment and enough to cover closing costs, and that you ultimately own your unit. The pro is that the money you spend each month for living at your condo is actually building equity, while renting the monthly payments just disappear. On the flip side, once you own a condo, you can’t just walk away and leave it with the landlord.

Remember, no matter where you go we’ve got you covered with Condo insurance.