Do not buy a condo in Canada

My name is Ewologhene Marioghae popularly known as(Wolo), I am regulated Canadian Immigration consultant. I immigrated to Canada in 2016 and started sharing my experiences as an immigrant living in Canada to help prospective immigrants settle easily and thrive. My passion for researching and sharing information helped many people immigrate to Canada from various countries.

I am a member in good standing of the College of Immigration Consultants of Canada (CICC) and have a deep understanding of Canadian immigration laws and regulations and well versed in providing strategic relocation options. My goal is to provide clients with quality information, guidance and support that would result to a successful relocation to Canada.

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[uwaifoclifford]

You’re very correct. I’m not in Canada 🇨🇦 but it’s the same thing everywhere. To also include that long term mortgage repayment is not an absolutely smart way of investing.. Leverage your equity in reinvesting..

[traykunable]

I think it depends on what your values are. If you like order, fixed patterns, urban lifestyle and living in a closed community with neighbors whom share the same values, then condos are for you. If you like individualism, privacy and a bit of improvisation in your life, then a single house is for you.

[Ebun]

I would say to anyone watching- do your research and definitely speak with an experienced realtor. I own a condo in Ontario. The fees are less than 30% of my mortgage. The fees have decreased in the almost 2years since I’ve owned it. I have rented it and the bylaws only require me me to inform the condo mgt and provide the tenants info so the tenant can be informed about any changes/updates, parking etc. There was NO requirement to take permission. The bylaws also do NOT require me to take permission to paint my condo/any repairs inside the house. Yes there are restrictions but it is no way close to what is stated in this video. I recommend people to do actual research and make an informed decision that fits your situation. I’ll tell you for free that I have made no loss and have no regrets buying a condo. I must add that I use a reputable tenant mgt company to manage the property.

[timiadetona]

Everything depends on the condo board. And all of them are not the same. If you must buy a condo, check what the condo board allows and disallow.

With renovation, the rule is generally whatever is inside the house is yours, outside the condo board takes care of.

There's a specific niche market condos serve, if that's you, buy. If not don't.

Let's avoid blanket statements.

[shea]

I never liked condos. I was thinking of buying when I was younger, but glad I didn't. A person in Vaughan, ON unalived people on the condo board. He was having ongoing conflicts with the condo board.

[ellibomz]

Pamishon😅😅😅😅….nice tips looking beautiful wolo

[moscomcjerry]

Good morning WOLO, sorry Ma, I m still pleading with you to answer my question. U asked me to send it to your email but u only responded to it but didn't answer it

The way you talk on YouTube made us like you so much that we believed that u re our key to Canada or Manitoba or New Brunswick. Biko answer that one question for us to move no or write me on the email what it will cost us to get an honest answer so we can start making progress.

See ur beautiful smiles and laughter but .... Let me stop here.

Pls I beg u, answer us.