Guide

Buying a condo.

Buying a condo also means accepting the building's rules. Before you sign, read the right documents and know the financial health of the co-ownership.

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The declaration of co-ownership

A document in three parts.

The constituting act

The powers and role of the board of directors, the intended use of the building and the voting rights.

The by-laws of the building

Everyday life: noise, pets, parking, barbecues.

The description of the fractions

The description of the private portions and the technical details.

The constituting act

The powers and role of the board of directors, the intended use of the building and the voting rights.

The by-laws of the building

Everyday life: noise, pets, parking, barbecues.

The description of the fractions

The description of the private portions and the technical details.

Since August 14, 2025

The syndicate's certificate.

In divided co-ownership, the seller must give the buyer a certificate from the syndicate on the condition of the co-ownership. It includes:

1The contingency fund balance and the study's recommendation
2The common expenses (condo fees) for the last 3 years
3The surplus or deficit in the last 3 financial statements, and this year's budget
4The insurance, the self-insurance fund and the highest deductible
5Major work over the last 5 years and work planned over 10 years

1The contingency fund balance and the study's recommendation
2The common expenses (condo fees) for the last 3 years
3The surplus or deficit in the last 3 financial statements, and this year's budget
4The insurance, the self-insurance fund and the highest deductible
5Major work over the last 5 years and work planned over 10 years

Before you sign

Three points to check.

Divided or undivided

In undivided co-ownership, you buy a share of the building: the exclusive uses and the area, gross or net, must be specified.

Condo fees

In your monthly housing budget, the OACIQ suggests counting 50% of the condo fees, on top of the loan, taxes and heating.

A condition in the offer

The promise to purchase can include a condition to review the co-ownership documents to your satisfaction.

Divided or undivided

In undivided co-ownership, you buy a share of the building: the exclusive uses and the area, gross or net, must be specified.

Condo fees

In your monthly housing budget, the OACIQ suggests counting 50% of the condo fees, on top of the loan, taxes and heating.

A condition in the offer

The promise to purchase can include a condition to review the co-ownership documents to your satisfaction.

The right documents, before you buy.

Your broker obtains the useful documents for you, such as the syndicate's certificate and the Declarations by the seller, and makes sure you understand the declaration of co-ownership.

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Sources

Information checked on October 18, 2026 with the sources below.

General information: it does not replace legal, tax or financial advice.