Residential property financing
Condo & Strata Mortgages
Understand how strata documents, insurance, fees, special levies, building condition and intended use can affect condo mortgage financing in British Columbia.
A condo mortgage is an approval of both the borrower and the strata property. Lenders can review strata financials, insurance, minutes, fees, special levies, building condition, commercial components, title and intended use before accepting the property.
Property review
Questions a lender may need answered
Compare the building budget with your own
List strata fees, insurance-related costs and any approved or expected levy alongside the mortgage. Ask the closing professional about responsibility for a levy around the transfer date. Have material building issues reviewed before removing conditions. The ability to pay the monthly mortgage does not establish that the strata’s reserve or your repair budget is adequate.
Further reading
Content reviewed September 9, 2026. These resources provide background; individual lender requirements and property circumstances differ. Illustrative calculations are examples, not financing offers.