Archive for Toronto Condo Owner
Your Toronto Condo Declaration: What It Means
Your Toronto condo declaration contains all the information about your condominium suite and the building itself, including what is “exclusive use” (what is available for use exclusively to you, but not actually owned by you, such as your locker, balcony and sometimes parking spot), the boundaries of your condominium suite and rules such as whether [...]
Vertical Toronto In The Toronto Star
The Toronto Star just published an amazing info-graphic all about Toronto condominiums. It’s definitely worth checking out if you are thinking about buying a condo in the coming months and are interested in Toronto condo life. It’s peppered with fun facts such as: The most expensive parking spots in the city (a parking spot at [...]
Do Toronto Condominiums Have Glass Issues?
Since the several incidents involving glass from Toronto condominiumsfalling to the ground from the balconies above during the summer months, condominiums built using glass have been under more scrutiny than ever before. A recent CBC article called many of Toronto’s glass condominiums “throw-away” buildings, because their glass windows are apparently destined to fail over the [...]
Urbanation Agrees With TREB, CMHC: No Condominium Bubble
The folks over at Urbanation’s blog recently posted a great article to quell people’s fears of a condominium market bubble in Toronto. Urbanation is the leading market research firm for condominium information in the Greater Toronto Area. The blog posting is in response to an article in the Toronto Star, which quotes a Manhattan-based consultant who [...]
What Can A Homeowner Do About Toronto’s Condominium Construction Cranes?
Toronto’s skyline is constantly littered with construction cranes thanks to Toronto’s boom in condominium construction. But what if you live next to one of these construction sites and are always dealing with cranes moving around overtop of your property? Are you entitled to compensation? According to Toronto real estate lawyer Bob Aaron, defining the rights [...]
Toronto Condominium Sales Continue To Break Records
According to the latest report by condo research firm Urbanation, Toronto condominium sales continued to break records in the second quarter of 2011. Urbanation says there were 9,455 new Toronto condominium units sold in Q2, which pretty much obliterates the record previously held by Q2 in 2007 of 6,997 units — with an increase of [...]
Too Many Highrise Toronto Condominium Developments?
Currently, there are 364 high rise projects active in the Greater Toronto Area, which is 73 more projects than during the same time in 2006. This condominium building race is making many critics question whether the condominium market is in for a shock later on with more than 37,700 units under construction. However, the Royal [...]
The EcoENERGY Program and Toronto Condominiums
Are Toronto Condominiums eligible for government energy rebates? The EcoENERGY retrofit rebate program is back, and some Toronto condominium owners may be wondering if they too can complete some energy-efficient renovations in their condominiums and take advantage of the government rebates. Low-rise Toronto condominiums can qualify for the rebates according to the program’s website, and [...]
The Upcoming Toronto Condominium Renovation Boom
Can you renovate your Toronto condo? Many of the most notable Toronto condominiums were built in the 1980s, and now decades later – some of them are due for an update. According to this Toronto Star article by Stephen Dupuis, many Toronto condominium owners are soon going to begin feeling the itch to start renovating [...]
The Condominium Act Is 10 Years Old – Time For A Change?
Toronto condominium popularity has been surging higher like never before. Condominiums are governed by the Ontario Condominium Act, which is now about a decade old. Currently, all that’s needed to be a director of a condominium board in the province of Ontario is mental competence, being over 18 and not being an undischarged bankrupt. A [...]
