In Sharma v. Toronto Standard Condominium Corporation No. 2510, the applicant, who is a director and owner in the corporation, brought an application before the Condominium Authority Tribunal (CAT) with respect to records. He disputed having to pay a fee…
2022: A Condo Year-End Review
It’s December, and at this time we begin to hear familiar grumblings “Where has the year gone?” 2022 continued to be challenging for condominium corporations, unit owners and managers as issues brought on by the COVID-19 pandemic continued to impact…
Become a Better Condo Director
You’ve been elected to sit on your condo’s board of directors. Perhaps this is your first term, or you’ve been re-elected to your condo’s board over several terms. Ideally, you already possess well-defined hard skills that may include, for example,…
Condominium Deposit Interest
As a result of the recent rise in interest rates, purchasers of condominium units will now receive interest on their deposits. A proposed change to the Condominium Act regulations that was to come into effect on January 1, 2023, was…
The Prohibition on the Purchase of Residential Property by Non-Canadians Act – What You Need to Know
In an effort to calm housing prices and increase affordability, Parliament passed the Prohibition on the Purchase of Residential Property by Non-Canadians Act (the “Act”), which comes into force on January 1, 2023. The Act creates a prohibition on non-Canadians…
Come Visit Us at the Condo Conference
We’re looking forward to an amazing Condo Conference this year and to reconnecting with many of our industry friends and colleagues on September 30 and October 1. Stop by booth 310 to visit us on the trade show floor! Josh…
Mind Your Reserve Fund – or Pay the Price
As a responsible condo Board director, it is your obligation under the Condominium Act, 1998 to oversee and approve the corporation’s finances, operating and reserve funds, and budgets on behalf of the owners. The role of a Board member requires…