It is every Canadian’s dream to own a home. However, younger adults who have only recently started gaining financial independence may find the high costs of houses beyond their means. If you’re in this group, why not set your eye on more practical East Vancouver condos for sale instead of single family houses?
Condos are generally a lot less expensive than houses, but they come with great amenities that are just perfect for a single’s lifestyle. According to an article in Huff Post British Columbia, if you can set aside a little more than $500/month and save $6000 a year, in three years, you can afford to pay the 5% deposit for a $300,000 brand new, one bedroom condo. That’s a great way to start your life as a homeowner, particularly if you’re not planning to start a family yet.