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Condo Finances

February 19, 2024

Understanding Condo Fees: Common Elements Charge v. Condo Maintenance Fees v. Condominium Management Fees

Living in a condominium community offers various advantages such as shared amenities, communal spaces, and a sense of community. However, it also comes with certain financial […]
February 19, 2024

Navigating the Cost of Condominium Management in Toronto and the GTA: An In-depth Look

Managing a condominium property requires expertise, time, and resources. Condominium property management companies offer a range of services to ensure the smooth operation of these communities. […]
September 14, 2023

Navigating First-Year Budget Deficits in Condominiums: Insights from 90 George Street Ltd. v. Ottawa-Carleton Standard Condominium Corp. No. 815

Introduction Purchasing a new condominium unit often involves relying on the developer’s budget to estimate future expenses. But what if the actual first-year expenses exceed the […]
August 4, 2023

5 Ways to Reduce Condo Fees with an Experienced Management Company

As a condominium owner, it is common to find yourself thinking about the puzzling reasons behind the yearly increase in condo fees. The ever-rising costs outpace […]
May 16, 2023
condo reserve fund

The Importance of Condo Reserve Fund: Everything You Need to Know

Are you a condo owner or part of a Condo Corporation in Ontario? Then you must be aware of the importance of having a Condo Reserve […]
May 10, 2023
condo assessments

Condo Assessments: What They Are and How They Impact Your Finances

A Comprehensive Guide for Condo Owners Living in a condo is convenient and hassle-free, but it comes with a cost – condo assessments. In this guide, […]
May 3, 2023
condo maintenance fees

Condo Maintenance Fees in Toronto: Things to Know

If you are planning to purchase a condominium in Toronto, it is important to be aware of the maintenance fees and what they entail, as these […]
April 6, 2023

The Underused Housing Tax: What Ontario Condominium Corporations Need to Know

As of January 1, 2022, the Federal Underused Housing Tax Act came into effect in Canada, affecting all owners of residential properties who are not considered […]