A recent Toronto Star story highlights the tension between the rapid expansion of condo developments in areas of our city previously dominated by manufacturing plants but still have operations that impact the surrounding area.
Continue Reading Something smells here . . .
Buying and Selling
Top 10 condo law cases of 2011
It’s time to unveil our picks for the top 10 condo law cases of 2011.
Continue Reading Top 10 condo law cases of 2011
Why not include 100% of condo fees when qualifying borrowers?
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?
What is a “phantom buyer?”
A reply to a Realtor’s blog post last week on “Let’s put an end to phantom buyers.”…
Continue Reading What is a “phantom buyer?”
Tarion to prohibit shady practice
Tarion proposes to amend its regulations to stamp out the dirty practice of some condo developers collecting overestimated amounts for municipal taxes or development charges and pocketing the difference.
Continue Reading Tarion to prohibit shady practice
Deposits are safe, but what about money paid for upgrades?
Another condo project in trouble highlights the limitations of the trust requirements under the Condominium Act.
Continue Reading Deposits are safe, but what about money paid for upgrades?
1 Bloor purchasers may lose their dream but not their deposits
The saga at the 1 Bloor condo development highlights the critical importance of the trust provisions in the Condo Act and Gerry Miller comments on the massive project now sold to a new developer.
Continue Reading 1 Bloor purchasers may lose their dream but not their deposits
What lies beneath the snow in Vancouver . . .
A Vancouver political hopeful suggests that what lies beneath the snow on sidealks in front of condos in that city might not be pretty.
Continue Reading What lies beneath the snow in Vancouver . . .
Look before leaping — read the condo rules first!
In a recent entry on the Toronto Neighbourhoods and Real Estate blog Move Smartly, lawyer Rachel Loizos offers some wise advice for prospective condo purchasers: "Before you commit to purchasing a condo unit, make sure you have reviewed the rules."
She then lists the rules that most commonly affect purchasers and goes on…