Aggregating the real estate of condominium commentary, opinion, tragedy and truth being told to the public. Buy into the author’s thought or sell your own. For legal advice, consult a professional condominium lawyer.
Investors might be driving up condo prices in Toronto, but that doesn’t mean you can’t find a condo for less than $250,000. Source: Toronto Storeys, Storeys Publishing Inc.
If you’re in the market to buy a condo in Ontario, you’ll no doubt hear about the Status Certificate, and your realtor will likely recommend that your offer to purchase be conditional on having your lawyer review the Status Certificate. Here’s what you need to know. Source: the BREL Team, Toronto Realtors
Emotions are running high at two CityPlace buildings after the condominium corporation started enforcing a rule that prohibits any pets that were not registered with the corporation by a specified date. The effect of this rule means that any new pets, as well as any pets not registered by the cut-off date, are prohibited. Source: Denise Lash, Lash Condo Law
If you wish to make a compliant against a licensed condo manager or management company, you can initiate a public complaint with the Condominium Management Regulatory Authority of Ontario (CMRAO). They may first attempt to resolve the issue between you and the condo manager by having you communicate with each other and try to resolve the issue between yourselves. Source: Legal Line, a Federal Not-for-profit Corporation
Condo corporations are not-for-profit organizations. Technically, they are not supposed to make a profit. Having said that, they are not charitable organizations either. When faced with a deficit, condo corporations must collect more from owners to get ends to meet. But what are they to do with a surplus? Source: Rod Escayola, Gowling WLG (Canada) LLP
Assume that a resident of the condominium corporation has acted in a dangerous manner to the extent that people are fearful as a result. The condominium corporation has instructed its lawyers to bring a compliance application in court, but there is concern that in the interim between the time that this person is served with the court papers, and the court hearing, this person might retaliate. Source: Jonathan H. Fine, Fine & Deo