In this episode of the Brokers for Life Podcast, host Len Lane sits down with condo expert Brian Fischer of KDM Management to demystify the world of condominium ownership. Brian explains that condos are not just about apartments—they represent a specific ownership structure dating back to Roman times. He dives into the importance of reviewing condo bylaws, financial statements, and insurance before purchasing, emphasizing the risks of overlooking key details. Common concerns such as pet policies, parking, and age restrictions are discussed, with Brian highlighting the upcoming regulatory changes that will limit age restrictions to only 18+ or 55+ by 2030.

Brian and Len also explore the complexities of multi-stage condo developments, where buyers may face unexpected financial and legal challenges. They stress the need for professional reviews of condo documents to avoid costly pitfalls. Whether you're a first-time condo buyer or an experienced investor, this episode provides crucial insights into navigating the condo market with confidence. Tune in to hear expert advice that can help you make informed decisions about condo ownership.

About Brian Fischer

With over 20 years of experience in the real estate industry, Brian is a licensed broker with RECA and a seasoned professional in condominium management. While he initially built his career in real estate sales, his focus shifted in 2010 when he and his wife acquired KDM Management, a well-established firm operating since 1986. Since taking the helm, Brian has been deeply immersed in the condominium sector, growing the company and enhancing its services to better serve clients. His extensive industry knowledge and hands-on leadership make him a trusted expert in condominium management.

Resources:

• RECA

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Contact Len Lane | Brokers for Life:

• BrokersForLife.ca
• Linkedin: Len Lane
• LinkedIn: Brokers for Life
• Facebook: Brokers for Life
• X: @Brokers4Life
  
  

Contact Brian Fischer:

• Website: kdmmgmt.ca
• LinkedIn: Brian Fischer