The Leafs are back on the ice, the Raptors are looking strong as they gear up to defend their championship and the Jays have taken flight. Things are looking good for Toronto and it doesn’t stop with our sports.

On July 29, 2020, the Ontario government announced that Toronto will be joining its neighbours by moving into Stage 3 of the Province’s reopening plans (unfortunately for our friends in Windsor, they must wait a little longer). Many are excited for the relaxed restrictions and some are rightfully hesitant to assume things are “back to normal”. But what exactly does Phase 3 mean for condominiums across the province?


Continue Reading Welcome to Stage 3, Toronto: What this means for your condominium

PennypinchMany people who work with condominiums raised an eyebrow after reading a recent Toronto Star story entitled “Maintenance fees take a toll on Toronto condo owners.”

The piece highlights the divergent philosophies about the interplay between common expenses and market values and the growing trend towards gathering, tracking and comparing common expenses data from building to building. Most notably, it cites the example of a local condominium that reduced its common expenses by 30% (probably by slashing contributions to the reserve fund) and is now witnessing a boom in unit resale values compared to nearby condos.


Continue Reading The common expenses conundrum