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Originally Posted by Evil Chris
Around here, condos don't appreciate in value like regular homes do.
It's probably like that everywhere, but I may be mistaken. Personally I would never buy a condo for this reason. For most people, their home is their best investment. I don't see a condo as an investment.
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I owned a townhouse style condo in Edmonton for 10 years before I bought my house... When I sold it it had increased in value about 50%.
Dont forget you are still going to be paying condo fees also (which is alot like throwing money away to rent) and they vary alot depending on the complex.
Sabby
