Co-ops and co-ownership are emerging as alternatives to condos

Author: External Author | | Categories: Law Firm , Legal Services , Real Estate Lawyers

With the rapid increase in the price of condominium units this year, some buyers are turning to co-ops and co-ownerships as an alternative.

Unlike condominiums, which are creatures of statute, co-ops and co-ownerships exist under originating documents created by their developers and lawyers. For the most part, no two co-ops or co-ownerships have the same bylaws, rules and occupancy agreements.

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Original Article Source Credits: Toronto Star,

Article Written By: Bob Aaron 

Original Article Posted on: 7th July 2021

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