Exploring the Value and Varieties of Condo Developments

Exploring the Value and Varieties of Condo Developments

Condo developments — individual homes built within larger communities, where outdoor maintenance and repairs are covered by a monthly fee — have steadily risen in popularity among Canadians of different ages, wages, and lifestyles. Whether a busy work life keeps you from having the time to cut the grass, or you’d rather bask in the Hawaiian sun than shovel Canadian snow in those cold winter months, or you want to avoid the excess costs of building a detached home, condo-style housing has something to offer you. And fortunately, builders like NewRock have developed a wide range of home-styles to ensure that Canadians can reap the benefits of condo-living without sacrificing the quality and design of home they most want!

From multi-story developments to bungalow condos, there’s an option out there to match your livelihood and lifestyle! As you probably already guessed, at NewRock, we’re big fans of condo-living. Let’s take a moment to explore some of our favorite styles, and use a few of our active projects as examples.

Multi-Story Developments

These communities, like Meadowview Point in Saskatoon, are built efficiently, cost-effectively, and with a modern lifestyle in mind. Striking a delicate balance between size and affordability, homes in multi-story developments allow you to live comfortably in your home and within your means. The initial investment of a less-expensive home also allows you to build wealth, which can be used to fund a larger, dream home down the road. While you work away at building a career, your money will be hard at work for you!

At Meadowview Point, no home is quite alike. Featuring main, second, and third-floor bungalows, as well as second-floor two-story homes with a wide variety of available options and upgrades, you’re free to craft your home as you see fit! We build the canvas, you make it art!

Townhomes & Villas

These communities, like Ridgestone Villas in Prince George, provide an ideal compromise between multi-story developments and detached homes. Popular among first-time homeowners and growing families in search of a little more space, townhomes are a desirable option for stepping for the first-time into homeownership! Our Prince George villas range between 1270 and 1400 sqft, with open, efficient floorplans that’ll ensure you’re never short on space, comfort, or quality.

Fortunately, townhomes are as affordable as they are comfortable. Because the costs of constructions are spread throughout the entire development, unlike a detached home built in isolation, buyers are able to maximize the value of their dollar and stay within budget, all the while purchasing a final product that meets their criteria for quality and matches their sense of style.

Estates-Style Bungalow Condos

Quickly ascending in popularity — and for good reason — are Estates-style homes. At present, we’re building projects of this kind in five cities throughout Western Canada! Ideal for downsizers and retirees, these affordable, two-bedroom, two-bathroom bungalow condos are large enough to comfortably host family and social gatherings, but not so big as to feel unused or wasteful. Especially appealing to this older demographic of buyers is the Maintenance-Free Lifestyle that condo-living enables. If you want to travel worry-free, leave for the winter, or you’re tired of keeping up with outdoor maintenance, there’s no cheaper or more convenient way to make it happen than to live in an Estates-style community.

The genius of these bungalow condos is that they combine the benefits of home ownership — privacy, financial security, thorough floorplans, garages, and enough space to host family — with the benefits of condo-living: cost-effectiveness and the coverage of outdoor maintenance.

Condo Fees

Condo fees vary widely depending on location, the style of the development, and the features they cover. The monthly fees of NewRock communities range from the low 100’s to the low 200’s and cover landscaping, lawn-mowing, snow removal, and repairs on siding and roofing.

Considering a Condo

For these reasons and more, condo-style developments have steadily risen in popularity with no signs of slowing down. The PWC Canada reports that “the condominium sector is poised to perform steadily in the near term, with steady demand in most markets.” This belief is echoed throughout thought leaders in the real estate industry, who, by-and-large, believe that condo-style living is especially well-fitted to modern lifestyles, regardless of age, wealth, or lifestyle.

To discover exceptional communities built with Care & Quality near you, browse our Communities Page.