The Insurance Bureau of Canada says it is talking to B.C. lawmakers about the condo law. We ask why. We also ask why more insurers aren’t providing unit owners the option to buy adequate coverage.
Continue Reading Insurers prefer law reform over peddling insurance: Has Hell frozen over?
Financial Issues
Study: Young tenants aren’t carrying insurance
By Chris Jaglowitz on
Posted in Financial Issues
According to a recent study by TD Insurance, 47% of Canadian tenants under 35 do not have renter’s insurance.
Continue Reading Study: Young tenants aren’t carrying insurance
On the demise of the penny
By Chris Jaglowitz on
Posted in Financial Issues, Legislation & Regulation
In the wake of the 2012 federal budget, we bid farewell to the one cent coin from our pockets and purses, but not from our lexicon!
Continue Reading On the demise of the penny
CCI wants to know: Does the tax man cometh?
By Chris Jaglowitz on
Posted in Financial Issues
To help fight for condo corporations and their unit owners, the Canadian Condominium Institute is looking to gather info on CRA’s proposed move to treat certain rental income streams as taxable. See if you can help out.
Continue Reading CCI wants to know: Does the tax man cometh?
Condos, claim your rebates!
By Chris Jaglowitz on
Posted in Financial Issues, Legislation & Regulation
The Association of Condominium Managers of Ontario recently posted good news that will be of interest to any condominium corporation in Ontario that receives a hydro bill.
Continue Reading Condos, claim your rebates!
Toronto’s lessons in cost-cutting
By Chris Jaglowitz on
Posted in Financial Issues
The latest development in Toronto Mayor Rob Ford’s campaign to stop the gravy train raises some useful thoughts for condo corporations trying to tighten their belts.
Continue Reading Toronto’s lessons in cost-cutting
Ontario Clean Energy Benefit: Good, bad or ugly?
By Chris Jaglowitz on
Posted in Financial Issues, The Environment
No matter how you view the Ontario Clean Energy Benefit, we’re interested to see whether it will provide any financial benefit to condominium corporations and their unit owners.
Continue Reading Ontario Clean Energy Benefit: Good, bad or ugly?
Double Taxation Avoided
By Chris Jaglowitz on
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, 2001.
Continue Reading Double Taxation Avoided
Property management firm liable for unauthorized money transfers
By Chris Jaglowitz on
A recent Ontario Superior Court decision raises several important lessons for condominium directors about controlling their bank accounts.
Continue Reading Property management firm liable for unauthorized money transfers
Why not include 100% of condo fees when qualifying borrowers?
By Chris Jaglowitz on
Posted in Buying and Selling, Financial Issues
Ottawa was reportedly considering changing the lending rules for condominium purchases but inexplicably backed down. We explore the issue in greater detail.
Continue Reading Why not include 100% of condo fees when qualifying borrowers?