The Ontario Condo Law Blog

The Ontario Condo Law Blog

Serving Ontario's condominium communities since 2008

Category Archives: Financial Issues

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Double Taxation Avoided

Posted in Financial Issues
Here's a special update on a ruling that should be carefully considered by condo corporations that own any common amenities in the form of units. Those condos should get legal advice about filing a Request for Reconsideration with MPAC by the deadline of March 31, … Continue Reading

“Do you want a loan with that balcony retrofit?”

Posted in Financial Issues, Maintenance & Repairs
Daily Commercial News reports on a trend emerging in response to the deteriorating physical and financial condition of older condominiums — "lender tenders." The article cites a report by GRG Building Consultants showing that condominiums built in the 1970s are in worse shape today in terms of their building envelope and structure compared to complexes … Continue Reading