Are you thinking of moving to Yellowknife and investing in a condo? If so, you’re not alone. Yellowknife rental rates are the second highest in Canada, yet our condo prices remain very competitive with other markets. These two factors make condo ownership an attractive option. But there are different rules and regulations that condo corporations and developers must follow in the various provinces and territories. Luckily, CMHC has recently released a Condomimium Buyer’s Guide that brings all the information together in one place. Of particular interest are the provincial and territorial fact sheets.
If you have any questions about condo ownership in Yellowknife, please give us a call. We would be happy to help you understand the ins and outs.