By Chris Jaglowitz on Posted in Financial Issues,Maintenance & RepairsDaily 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
By Chris Jaglowitz on Posted in Financial IssuesThe Toronto Star reports that a luncheon panel to held by ACMO in September on the topic of the HST will feature a very brave parliamentary assistant to the minister of revenue. No eggs will be served.… Continue Reading
By Chris Jaglowitz on Posted in Financial Issues,Legislation & RegulationThis guest entry by local condo director Ernie Nyitrai is a call to action for other condo corporations and unit owners to lobby for amendment to the Assessment Act, which governs the municipal tax assessment regime in Ontario.… Continue Reading
By Chris Jaglowitz on Posted in Financial IssuesResidential property owners thinking about appealing their 2009 property tax assessment must file a Request for Reconsideration ("RfR") by March 31. Don’t wait until the last minute to take steps — Property owners will need to read up on the changes in force this year and may need to get assistance. For a handy summary… Continue Reading
By Chris Jaglowitz on Posted in Financial Issues,News and EventsThe Premier of Ontario talked about a Harmonized Sales Tax in January. Now that the finance minister is predicting $18-billion deficits, the odds of an HST being implemented are increasing dramatically. Get ready.… Continue Reading
By Chris Jaglowitz on Posted in Financial IssuesIt has been a while since we've heard a story of a big fraud in the local condo scene. Here are some ideas to help minimize the chances of frauds taking place at your condo.… Continue Reading
