This property is my primary residence and it is condominium.

At a condominium, HOA fees typically cover the cost of a landscape service to weed, feed and mow the grass.Assessment fees can at times eat away at all your profits.

For example, the proposal would carve out condominium and homeowner associations, but not “single-family neighborhoods.”

It looks like it'll start out a lease type of scenario to later condominiumize them.

Purchase price: $127,000 Cash invested: $36,000 Contributors: Holly Kaufman 500sqft 1Bd/1Bath Beach Front Condominium.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $237,000

Cash invested: $47,500

1 unit, 670 sq/ft, 1 bed, 1 bathroom. Built-in 2013.

What made you interes...

Builders have taken notice of the drastic changes under way, I encourage everyone to start running some searches to find all the development applications in downtown Hamilton, you'll be surprised to find some massive condominium and apartment complexes in the works.

Single-family home sales jumped 13.2 percent year-over-year, with 6,044 units sold, marking the eighth consecutive month of positive sales;The Days on Market (DOM) figure for single-family homes was unchanged at 68 days;Total property sales surged 14.9 percent, with 7,393 units sold;Total dollar volume increased 19.4 percent to about $2.1 billion;The single-family home median price rose 5.2 percent to $245,000, reaching a February high;The single-family home average price climbed 5.9 percent to a February high of $301,648;Single-family homes months of inventory was at a 3.5-months supply, down fractionally from 3.6 months last February but above the national inventory level of 3.1 months;Townhome/condominium sales rose for a third straight month – up 12.8 percent, with the average price up 14.5 percent to $216,170 and the median price up 16.5 percent to $176,500;Lease properties experienced a mixed performance, as single-family home rentals increased 5.8 percent with the average rent up 1.8 percent to $1,768;Volume of townhome/condominium leases fell 2.2 percent with the average rent up 3.5 percent to $1,607.

pid=1704Houston Real Estate Highlights in February:-Single-family home sales jumped 13.2 percent year-over-year, with 6,044 units sold, marking the eighth consecutive month of positive sales;-The Days on Market (DOM) figure for single-family homes was unchanged at 68 days;-Total property sales surged 14.9 percent, with 7,393 units sold;-Total dollar volume increased 19.4 percent to about $2.1 billion;-The single-family home median price rose 5.2 percent to $245,000, reaching a February high;-The single-family home average price climbed 5.9 percent to a February high of $301,648;-Single-family homes months of inventory was at a 3.5-months supply, down fractionally from 3.6 months last February but above the national inventory level of 3.1 months;-Townhome/condominium sales rose for a third straight month – up 12.8 percent, with the average price up 14.5 percent to $216,170 and the median price up 16.5 percent to $176,500;-Lease properties experienced a mixed performance, as single-family home rentals increased 5.8 percent with the average rent up 1.8 percent to $1,768;-Volume of townhome/condominium leases fell 2.2 percent with the average rent up 3.5 percent to $1,607.

I remember when I got mine a few years back and very soon after was very fortunate to be able to secure my first home :)I, personally, would pick between options 1 and 3.Option 1:Pros: You'll have a bigger space that you can eventually redeem for yourself if you ever need it, and allows you to ease into investing by house hacking.It might be easier to get financing for another place in the future if you already have a lease in place for the current location and can show that rental income already coming inCons: Only the portion that you live in could be looked at by CRA as a primary residence and if you do sell at some point, you'd be liable for the capital gains tax on the part that was being rented out (https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-127-capital-gains/principal-residence-other-real-estate/changes-use/changing-part-your-principal-residence-a-rental-business-property.html)Option 3:Pros:Allows you to have your own space, and understand the nuances of condo living prior to getting a second condominium propertyAllows you to experience some condo living as well as be able to save up waiting for the pre-construction property to closeCons:HST on the pre-construction property (Unless you decide to move into it when it's done)