Over the past few years, condominium conversions have been one of the fastest growing areas within the real estate investment market, if not the fastest growing. Property investors and real estate speculators have been rushing to convert existing apartment complexes into condos right across the country, especially in larger population centres. So, can this growing trend in condo conversions continue? Or will rising interest rates and an oversupply of converted condos take the steam out of the market?

Condominium conversion has been gaining increasing popularity over the past few decades. This article will let you know about what exactly is this condominium conversion and why is it becoming increasingly popular.

Due to the rising interest rate environment, some people believe that it is now the end of the condominium conversion boom. However, many other real estate investors do not agree with this. This article closely examines the popularity and the prospects of condominium conversion.