Deciding whether you’re going to buy a condo or rent an apartment at a residence is not always easy. When choosing whether to become a renter or a homeowner, you have to consider a number of factors along with your requirements and priorities so that you make the best choice for you.
Compare Le Groupe Maurice’s property options
This comparison chart provides an overview of the features and responsibilities that come with our residences’ condos and apartments for retirees.
| Condos with services for purchase | Rental apartments with services | |
| Mortgage | Yes/ No | No |
| Monthly condo fees and access fees | Yes | No |
| Monthly base rent | No | Yes |
| School and property taxes | Yes, at the expense of the co-owner | No |
| Electricity, heating, and air conditioning | Yes, at the expense of the co-owner | Included in the purchase price |
| Refrigerator and stove | No | Included in the purchase price |
| Washer and dryer | No | Included in the purchase price |
| Washing machine connection | Yes | Yes |
| Additional garage storage | Included in the purchase price | No |
| Parking space | Included in the purchase price | Optional ($) |
| Access to common areas | Yes | Yes |
| Access to activities | Yes | Yes |
What works best for you?
For some people, remaining a homeowner is extremely important. If buying a condo will require mortgage financing and condominium management, buying in a residence could be a smart investment with numerous advantages.
“We made our decision the second Le Groupe Maurice built Le Savignon. It was the opportunity we had been waiting for, as it’s close to our old neighbourhood—only 20 minutes away—and we were able to remain homeowners. Living in a residence also means that if we ever decide we don’t want to take care of our condo anymore, we could rent an apartment without changing location. No big move required and no need to leave our community.”
Diane and Jacques Bruneau, homeowners at Le Savignon
Renting an apartment may be a more attractive option if you prefer not to worry about paying electricity and tax bills, or taking care of repairs.
“My husband and I had been living in a condo with outdoor parking for 18 years. We were starting to find it difficult, but wanted to stay in our neighbourhood. We liked Le Savignon right away, before we’d even seen the apartments! We’re thrilled about the possibilities and included services at the residence.”
Pierrette Dubreuil, renter at Le Savignon
Buying vs. renting: Visit first, then decide!
Now that you have thought about your requirements and know the details of our property options, all you have to do is make an appointment with an advisor at Le Groupe Maurice. You’ll know what’s right for you once you arrive at the residence and see our condos or rental apartments!
Once you have visited the residence, you will be able envision yourself living there, enjoying your dream retirement.