Do You Want to Buy a Condo In Canada? Here's What You MUST Know Before Buying

Thinking about buying a condo? Whether you're looking at properties in Canada or exploring opportunities in Panama, you need to understand what you’re really signing up for. In this video, Kevin J. Johnston—the voice behind Canada’s #1 Real Estate and Money Show—dives deep into the real costs, benefits, and traps of condo living so you can make a smarter investment.

🎥 Watch the full video below to learn why buying a condo might be the best—or worst—financial decision you ever make.

📈🏘️ BOOK YOUR CONSULTATION NOW: www.KevinJJohnston.com 🏘️📈

🧱 What Is a Condominium and How Does It Work?

Before you buy, it’s critical to understand what sets a condo apart from a house or apartment. Kevin breaks down the legal and financial structure of condominium ownership, from shared spaces and monthly fees to HOA (Homeowners Association) oversight.

The Pros of Buying a Condo

Why do so many people choose condos? Kevin highlights the advantages:

• Lower upfront costs compared to single-family homes

• Access to amenities like pools, gyms, and concierge services

• Minimal maintenance responsibilities

• Locations in prime urban centers

⚠️ The Hidden Costs of Condo Living in Canada

Here’s where most buyers get blindsided. Kevin exposes the true cost of Canadian condos, including:

• Monthly maintenance fees that can climb fast

• Hidden management charges

• “Special assessments” that hit your wallet unexpectedly

• Little control over rising costs year-to-year

These hidden costs can drain your investment and turn your dream property into a financial trap.

🌴 Why Panama’s Condo Market Is Different (And Better)

In contrast, Kevin explains how Panama's condo market offers massive advantages:

• Lower purchase prices

• Transparent HOA structures

• Minimal fees

• Foreign-friendly ownership laws

• Strong ROI for short-term rentals or long-term living

If you're looking for smart global investment opportunities, Panama delivers value and simplicity that Canada often lacks.

🧠 What You Need to Know About HOA Rules

Condos come with rules—sometimes a lot of them. Kevin details how HOAs can:

• Restrict what you can renovate

• Limit pets or rentals

• Enforce arbitrary penalties

• Make you feel like you’re renting, even when you own

Understanding HOA power is essential before signing any contract.

🤔 Is a Condo the Right Choice for You?

Condos work for some—but not for everyone. Before you commit, ask:

• Do I want control over my property?

• Am I prepared for rising monthly fees?

• Would an international property offer better value?

Kevin J. Johnston delivers the unfiltered truth in this video. Don’t buy until you hear what he has to say.

📺 Watch the Full Episode Now

Do, Buy a Condo – Don’t Buy a Condo: What You Must Know about Condominiums📅 Thursdays at 9PM Eastern Time📍 Available on all social platforms + Rumble

👉 Follow Kevin for uncensored financial advice and real estate insights that could save you thousands.

📈🏘️ BOOK YOUR CONSULTATION NOW: www.KevinJJohnston.com 🏘️