The smaller the condo the better the return! Marko Juras | REALTOR® | Associate Broker | Fair Realty
You have to be very careful as unoccupied units are still considered new upon resale so GST would be payable upon the resale transaction even thought the seller paid it previously when they completed. The federal government considers this transaction a transfer of unoccupied inventory.
For the most part, bylaw restrictions lead to lower re-sale market values.
You have to consider a few different factors in making this decision.
The new building code is improving air exchange in condos but also substantially adding to the cost of construction!
Your average “spec” house in Victoria actually has quite a few upgrades.