Author: Ava Cui

Know your Unit Boundaries: Understanding Your Rights and Responsibilities in a Condominium Community

Posted by | Dec 7, 2024 | , , , , |

Living in a condominium comes with unique perks and responsibilities. To maintain harmony in your condo community, it’s essential to understand the boundaries between your private unit and shared common areas. These divisions impact everything from decorating your door to managing condo maintenance fees. By reviewing your condo’s declaration and respecting community rules, you can enjoy a smooth and balanced living experience while contributing to a pleasant environment for everyone. Discover how understanding your space can help you make the most of condo living!

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Is your Rental Property under Ontario’s Rent Control?

Is your Rental Property under Ontario’s Rent Control?

Posted by | Jul 10, 2024 | |

Ontario’s 2025 rent control guideline has garnered significant attention as it sets the tone for the province’s rental market in the upcoming year. Announced amid ongoing concerns about housing affordability, this guideline caps the permissible rent increase for most residential properties, aiming to protect tenants from excessive rent hikes.

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11 Risks you Need to Know of Purchasing a Pre-Construction Condomium

11 Risks you Need to Know of Purchasing a Pre-Construction Condomium

Posted by | Jul 3, 2024 | , |

Investing in a preconstruction condo can be an exciting opportunity, but it comes with its share of risks. The risks could be: 1. Paying premium pricing, a hike of management fee after 2 years, uncapped development charges, occupancy fee and limited control during interim occupancy, completion delay, change of floor plans and projected amenities, deficiencies of construction and prolonged remedy, HST implications, ongoing construction in the buildings and possible financial loss due to developer bankruptcy and project cancellaion

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