The condo hotel will not be ready until 2011.

Mortgage rates may be a full point higher, and in the past this was especially true because financial institutions were unfamiliar with the condo hotel concept.

Condo hotels units are fee simple deeded real estate, and can be bought and sold like other forms of real estate.

Condo hotels are typically high-rise buildings developed and operated as luxury hotels, usually in major cities and resorts.

Several of the more notable condo hotels have sold for less in the resale market than during pre-construction.

Here you'll find everything from supersleek condo units to estates with elegant colonial-style houses set in carefully landscaped grounds, complete with waving palm trees.

That means that those who buy condo units as investments might find them more difficult to rent out.

Of the 130 condo units, 85 per cent of them are below $170,000.

The remaining six floors are exclusively residential condo units.

Most of the condo units were to be privately owned.

This bold agenda was only slightly overshadowed this week by news of a development that contains some of these affordable homes in a tower otherwise filled with luxury condos.

At the top end, though, prices are firm with premium central luxury condos still fetching more than 400,000.

A village on a mountain, it offers everything from youth hostels and budget units to fine hotels, luxury condos and town homes.

Buyers who purchased luxury condos in the tower received letters informing them of the project's cancellation.

Additional land was bought by developers, resulting in the oval being surrounded by luxury condos.