We’ve talked about this a few times over the last eight years, but perhaps not quite enough?
There are a lot of uninformed buyers out there that don’t quite understand how hotel-condo units work. And I don’t mean “uninformed” as an insult, but rather why should they be expected to know?
You’re browsing on MLS and you see a 1-bed, 1-bath unit in an A+ location at King & Yonge for $249K – why wouldn’t you get excited?
Let’s take a closer look at the numbers, and compare a hotel-condo unit . . .