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Every condo on the Regina MLS® — apartment suites, townhouses and bare-land condos from every brokerage in the city, refreshed every two hours.
If you're renting in Regina, the question isn't abstract: what does the same monthly money buy you as an owner? Condos are the city's lowest-priced entry into ownership, and the comparison is a calculation, not a debate — mortgage payment, condo fee, property taxes, and insurance on a unit you'd actually live in, lined up against the rent you're paying now. Some months ownership costs more on paper; the difference is that part of every mortgage payment is building your equity instead of your landlord's. Yash runs this break-even with clients as the first step, using real listings and current rates rather than rules of thumb, and factors in the federal programs built for first purchases — a First Home Savings Account and the RRSP Home Buyers' Plan can put your down payment together faster than most renters expect.
Here's where Yash's own investing experience earns its keep: the best first condo isn't the one with the nicest staging — it's the one that's still a good asset when you're ready to move up. That means a corporation whose fees and reserve fund are on a healthy trajectory (a fee that's about to jump erases your break-even math), a layout and parking situation the next buyer will want, and a location where demand doesn't depend on one employer or one trend. It also means checking the bylaws for rental permissions now, even if renting the unit out is only a someday idea — because a condo you can legally keep as a rental when you buy your house is a first step that becomes a portfolio. The corporation's documents get reviewed before conditions come off, every time. Comparing against a starter house? Run both searches side by side, starting with Regina houses.
Run your break-even
Bring Yash your current rent and he'll show you what the same monthly commitment buys in today's market — real units, real fees, real numbers, and what each option looks like five years out. Call or text 306-530-0484 to run yours.
Often it's comparable — and sometimes cheaper — once you run the true numbers: mortgage, condo fee, taxes, and insurance against your current rent. The honest answer depends on the unit, the fee, and your down payment, which is why Yash runs the calculation on real listings with you rather than quoting an average. The structural difference never changes: a rent payment is gone; a mortgage payment is partly yours.
The down payment (5% minimum on the first $500,000), legal fees and closing costs, moving, and a small buffer for the adjustments in your first months of ownership. Federal programs help on the down payment side — a First Home Savings Account and the RRSP Home Buyers' Plan both let first-time buyers put savings to work tax-efficiently. Yash walks through the full number before you start viewing.
Buy the things you can't renovate: a healthy corporation with stable fees and a funded reserve, a layout with real bedrooms and storage, parking, and a location with broad demand. Finishes can be updated on your schedule; a troubled building or a compromised floor plan follows the unit to resale. It's the same filter Yash applies to his own investment purchases.
Possibly — and it's one of the most natural ways to start a portfolio, because you already know the property. Two things decide it: whether the corporation's bylaws permit rentals, which is worth confirming when you buy rather than years later, and whether the numbers work as a rental when the time comes. Buying with that option open costs nothing today and preserves a real path later.
Regina houses· Farms & land· Regina neighbourhoods· Free home evaluation
Yash Patel
REALTOR®, Optimum Realty Inc. · Residential & Investment
From your first suite to a unit that starts a portfolio — Yash runs the numbers with you before the viewing, not after the offer.