Living in a condo can be great! Vic Persaud, the Chair of CCI Toronto’s Membership Committee, which administers the Condo of the Year program, shares some tips and best practices on how to make the most of your experience in a condominium community.
A reserve fund is a condo’s piggy bank but does not exist for use on any given “rainy day”. There are restrictions surrounding the type of expenses a reserve fund can be used for, along with best practices to keep in mind to make sure that yours is adequately funded.
In our 10th episode, we examine how decisions are made for a condominium community.
Perhaps the greatest challenge in the condominium dynamic is trying to balance what is best for the community overall against individual interests. A condo mediator (Marc Bhalla) provides some tips and strategies for striking this balance.
The first of CCI’s 12 part video series features host Murray Johnson as he talks about the series which is designed to educate people who are considering buying into the condominium lifestyle for the first time, as well as to inform them about moving in and understanding who is who and which obligations will fall […]
Condo life is not free of issues or concerns. Bill Thompson, the President of CCI (National), joins our host Murray Johnson to review where you can go for help when issues emerge in your newly constructed condominium community.
Finances are undoubtedly an important aspect of any condominium community. Unfortunately, they can also be difficult to understand. Brian Antman joins host Murray Johnson for the fifth episode of our video series to help us understand condo finances.
We often hear that Status Certificates are important but they can appear to be presented in another language. For the 4th episode in our 12 part video series, lawyer Armand Conant joins host Murray Johnson to speak about interpreting the Status Certificate.
Every condominium unit owner should be aware of their role, their rights and their responsibilities. In the third installment of our twelve part video series, Bill Thompson speaks to the role, rights and responsibilities of the unit owners of a condominium.
Condominium lawyer Maria Durdan reviews what happens when a unit owner does not pay their common expenses and the lien rights of condominium corporations.
Older paint contains lead. Over the years, governments have regulated the phasing out of lead in paint entirely. If your house was built before 1960, the paint used during construction would have contained a great deal of lead. Reduction started soon after, with complete elimination by the 1980s. If your house was built after 1978, […]
Are you a savvy homebuyer? Then let renters help pay your mortgage. Recently Canada Mortgage and Housing Corporation (CMHC) announced that when qualifying for a mortgage, homeowners could now count all of the income from their legal secondary unit(s) instead of the previous 50 per cent, making it easier to qualify and giving this home […]