The great thing about making investments in real estate is that there are so many different options. But what is the right choice for you given the current chaos that the Coronavirus has caused and the new fears of a potential recession in 2021?

Is buying a condo a good investment? Yes, if you are buying at the right time in the market cycle, interest rates are low (if you are financing), and you plan on living in the condo as your personal residence for a few years. If you can check the boxes on those three high-level criteria, you should be able to move forward with your condo purchase with confidence.

Keep in mind that, in general, there are pros and cons to any real estate purchase. Condo purchases are no different. Read on to learn more about condo investments and how to make the best decision in the current economy of high economic uncertainty.

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Thank you, Megan Donaldson