One of the most appealing features of moving into a luxury condo is the ability to live in an area you wouldn’t be able to move to with a house. Buying a house in an extremely popular area - particularly the Downtown area of a big city such as Edmonton - can be prohibitively expensive, if it’s even possible at all.
Figuring out how to clear large debts can be an overwhelming task. There are many ways to accomplish this. However, some of these methods may not make a big enough impact or may take too long to alleviate the financial stress.
For many homebuyers, the path to homeownership begins with owning a condo with the intention to buy a single-family home down the road. A condo is considered to be the perfect stepping-stone to building equity and saving up for a larger home.
In the past few years, the housing market has seen some significant fluctuations. Factors such as the mortgage stress test and job losses have affected buyer affordability, and much of the market has shown apprehension toward buying in an environment of uncertainty. But there is good news! For nearly a year there has been a shift in these trends, and it’s picked up remarkable momentum. We’re now in that sweet spot where making the switch from a home to a condo is ideal.
Quietly located near the corner of 105 Street and 99 Avenue in downtown Edmonton is a Laotian and Thai restaurant called Viphalay. If you didn’t know it was there you might miss it, but it’s certainly not a place you’ll forget once you try their delicious offerings.