Condominiums vs.

CANADIANS HAVE now
accepted condominiums as 2
regular form of housing. In
some markets they represent
almost one quarter of all
residential sales.

By Jamie Johnston
Contributing Writer

The initial attraction for
condeminiums was price.
Because condominiums re-
quired fess land per unit
than conventional housing,
they were cheaper. But
recently, high-priced con-
dominiums in prime
downtown locations have
been in demand as well.

In looking at a = con-
dominium it is important to
understand the difference
between it and a co-
operative.

With a condominium you
are buying a specific unit:
with a co-operative you are
buying a share in the total
property. The ownership of
a share then entitles you to
accommedaiion in a unit
within a complex. Note that
in theory, although you own
a share in the co-op, you do
not actually own the unit
you are living in, or any
unit, but instead own a
share in ali units.

This distinction has made

CO-Ops

condominiums a more
preferred form of ownership
than co-operatives. While
there are certainly well-run
co-operatives in Canada,
this form of ownership
tends to place the individuai
at more personal risk.

In looking to buy either a
condominium or a_ co-
operative, make sure you
get all of the information
about the complex, how it is
operated and how much it
costs. Common area
maintenance charges, cor-
porate bylaws, and so on
can be just as important as
the information on the indi-
vidual unit itself.

BARBARA SOO

228-9711

IF LOCATICGN COUNTS WITH YOU — THIS ONE SCORES 100%
AMBLESIDE — 1461 CLYDE AVENUE
Tnere is absolutely no dodging furniture in this 1500 sq.ft. 2 bdrm, 2 level
townhome. Both spacious bedrooms have ensuites and private balconies. Suite
offers family room off kitchen, skylights, view, insuite laundry & more balconies!
Wow! Priced at $249,000, so bring your offer.

BARBARA SOO

DUN DARAVE
WITH VIEW

- Timeless traditional

- 4 bedrooms, 1% bathrooms
— Sunny south side lot

— West Van's best iocation

2174 LAVISON AVE.

226-9711

NORGATES BEST |

~ 8500 sq.ft. fot
- 3 bdrm, & den

- Professional addition
- 2 bathroom and many updates

“SIMPLY THE BEST
PRICED TOWNHOMES
WITH THE BEST TERMS |

iN MORTH VANCOUVE!

FEATURING:

- 3 Bedrooms

- Full Basements

- 4 Appliances

- Fireplaces

- Central Lynn Valley
Location

- Outdoor Pool

- Beautiful Established
Neighborhood

#106-1950 Cedar Village C Crescent
North Vancouver

Open daily except Friday 12-6pm.

980-4010
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CRESSEY DEVELOPMENT CORPORATION

SOUTH SIDE
CENTRAL WEST VAN

- 3 bedrooms

— Newer kitchen and bathroom
Immaculate
Newer carpet

|

1734 FULTON, WN.

1357 OAKWOOD CR., NV.