The Pros and Cons of Condos for Retirees

Ever wonder if a condo is the right move for retirement?

It might be the best decision you ever make—or one you regret. Let’s break down the real pros and cons, so you can decide what fits your lifestyle best.

✅ Pros

1. Lower Maintenance Responsibilities

No more shovelling snow or mowing the lawn. Say goodbye to weekend chores.

2. Convenient Location & Lifestyle Perks

Many condos are close to shops, transit, and healthcare—plus shared amenities like gyms and pools.

3. Security & Peace of Mind

Locked entries, building staff, and shared upkeep mean less to worry about.

4.Potential Cost Savings vs Larger Homes

Downsizing usually means lower heating, maintenance, and property tax bills.

⚠️ Cons

1. Monthly Fees & Unexpected Costs

Strata or condo fees can add up—and special assessments aren’t uncommon.

2. Less Space & Less Privacy

Smaller floorplans and shared walls might be a downside for some.

3. Rules, Regulations, and Strata Governance

Expect bylaws on pets, renovations, and shared space usage.

4. Potential Resale Challenges

Condos can appreciate slower than detached homes, depending on location and building reputation.

Thinking about retiring into a condo lifestyle? Let’s chat about what makes the most sense for your next chapter.