Condo Guide (Calgary & Surrounding Areas)

Condos can be an amazing way to get into the market — but the “building” matters just as much as the unit. This guide covers what to review, what costs to plan for, and the red flags to avoid.

Want a PDF-style Condo Guide?
Email info@abrealestate.ca or call/text 403-970-5607 and I’ll send it to you.

Key Topics

• Condo fees: what they include, what they don’t, and how to compare buildings
• Reserve fund: how to judge building financial health
• Condo bylaws & rules: pets, rentals, renovations, move-in fees, short-term rentals
• Insurance & deductibles: what you’re responsible for vs the corporation
• Special assessments: how they happen and how to reduce your risk

What to Review Before You Buy

When buying a condo, reviewing documents is essential. Here’s what we typically focus on:

• Condo corporation financial statements and budget
• Reserve fund / reserve study and planned projects
• Bylaws, rules, and any restrictions (pets/rentals/renos)
• Meeting minutes (board + AGM) for recurring issues or upcoming repairs
• Insurance certificates and deductible amounts
• Any known or pending special assessments

Condo Fees: What “Good” Looks Like

A “low fee” isn’t always better. The right question is: Does the building have enough money to maintain itself properly?

• What utilities are included (heat, water, electricity)?
• What amenities exist (gym, concierge, parking, storage)?
• Is the reserve fund adequate for major components (roof, elevators, envelope)?
• Have fees been stable or rising quickly?

Red Flags to Watch For

• Very low reserve fund or reserve study showing big shortfalls
• Frequent mentions of water leaks, envelope issues, or elevator problems
• High insurance deductibles without clear owner responsibility info
• Multiple special assessments (past or planned) without strong justification
• Rental restrictions or short-term rental issues that don’t match your plan

Thinking of Buying a Condo? Book a Free Buyer Consult

I can help you compare buildings, understand documents, and create an offer strategy that protects you. Free consultation, no pressure.

Call/Text: 403-970-5607
Email: info@abrealestate.ca

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AJ Arora, REALTOR®
Brokered by Real Broker

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