The CondoSensei's take? Don't look at age restricted buildings for a whole host of reasons - most of which revolve around it limiting the value of your condo:
- CMHC will likely deny coverage to you the buyer on age restricted buildings - limiting certain buyers from being able to buy your unit
- Age restrictions severely reduce the ability to rent your unit
- If you choose to sell your unit one day, the number of people able to buy your unit will be limited, thereby reducing the price you can get for the unit.
- In the case of 21 and over buildings - I'd happily take an infant over a 22 yr old who's discover the bass knob on his new 5,000 watt home theatre setup.