With the growth in the “sharing economy”, many condominiums have been forced to turn their minds to the issue of short-term rentals. While some investor owners are listing their units on short-term rental sites in order to maximize the revenue…
Vote Now for Best New Toronto Buildings in 2016
Urban Toronto is conducting a poll to select Toronto’s favourite buildings completed in 2016, including office and condominium buildings. (Last year’s poll only included residential buildings) There are three categories of buildings determined by building height: tall, “tallish” and “well…
Condo Owner’s Request for Administrator Denied by Court
In a prior blog post, we reported about a case, (Middlesex Condominium Corp. No. 195 v. Sunbelt Business Centres (Canada) Inc.) involving a hydro expense dispute in a mixed-use commercial/residential condominium. In that case the condominium corporation was successful in…
Toronto Real Estate Board Reports Increases in Condo Rental Rates
The third quarter Rental Market Report released by the Toronto Real Estate Board (“TREB”) indicates that condominium rental rates in the Greater Toronto Area increased substantially in the 3rd quarter of 2016, in comparison to 2015. Average rental rates for…
Condo Unit Owner Appeals $20,000 Costs Award
In a prior blog post, we reported about a case (Wexler v. Carleton Condominium Corp. No. 28) where a unit owner who had unsuccessfully sued the condominium corporation for harassment was ordered to pay costs to the condominium corporation in…
Class-Action Lawsuit Challenges BC Transfer Tax on Foreign Buyers
In prior blog posts, we reported that the British Columbia government had imposed a 15% transfer tax on residential real estate purchases by foreign nationals in the Greater Vancouver Area, and that this tax had resulted in a notable decrease…
Residential Sales in Vancouver Decline Following Tax on Foreign Buyers
In a previous blog post we reported that effective August 2, 2016 the Province of British Columbia imposed a 15% transfer tax on residential real estate purchases in the Greater Vancouver Area by foreign nationals. Data recently released by the…
Winner from Lash Condo Law Raptor’s Draw
Congratulations to Ruth Wormitt, from Brookfield Condominium Services Ltd. who is our lucky winner for the booth draw for our special seats at the Raptor’s game. Thanks to all who attended our booth at the ACMO/CCI conference this past weekend.…
Federal Ministry of Finance Announces Preventative Measures to Stabilize Housing Market
The Federal Ministry of Finance recently imposed preventative measures to stabilize the housing market and to improve tax fairness. These changes were prompted by concerns that low interest rates and rising home prices have resulted in borrowers assuming high levels…
Update on Implementation of Protecting Condominium Owners Act, 2015 and Condominium Management Services Act, 2015
The Ontario Government has announced the appointment of first directors to serve on the boards of the Condominium Authority of Ontario and the Condominium Management Regulatory Authority of Ontario. These two authorities will be responsible for ensuring that once proclaimed…
