Can you move in without joining an HOA? The short answer is no, but we’ll take a deeper look at why that is in this article.
This article aims to help new owners gain a stronger understanding of how to successfully rent out their condos.
While each board experience is different, joining your condo board will be a worthwhile endeavour. You will learn new things about finances, maintenance, and human connections.
Purchasing a condo is a big milestone. Take the time to ask good questions, and get the information you need to make an informed decision.
Toronto condos are more accessible from a financial standpoint, but that’s not the only reason why people choose condo living.
Moving to a new city and a new environment might excite you in the beginning. But, once you think about all the different costs involved, the idea can seem daunting. Besides the unusual sights and sounds, you must get used to the cost of living, and your accommodation will play a huge role in your […]
A courier truck pulls up in front of a condo building. The driver unloads dozens of packages and drops them off at the front desk as quickly as possible. While concierge takes the parcels to the mailroom, another courier truck arrives. The packages are left unattended, but only for a few minutes. Unfortunately, it only […]
When someone buys a home that belongs to a planned community with covenants, they are generally expected to pay fees and assessments to a homeowners’ association. Though most owners pay these fees without any problems, HOAs can take serious action if an owner refuses to keep up with their financial obligations. Download our notice […]
Whether you are developing, selling or purchasing a condo, a pro forma statement can be a vital tool for decision-making, and minimizing risks associated with investing. But in order to be truly useful, pro forma statements must be based on objective and reliable information. This is the only way to create an accurate projection of […]
Everyone likes receiving approval letters. A letter of approval is a written consent by a regulatory authority or body to proceed with a specific change, action or activity. An approval letter may be sent in response to a number of requests, but when it comes to HOAs, approval letters are generally sent to homeowners who […]
Parking, pets, vehicles and storage. These are four issues that can create stress, frustration, and conflict for any condo community. When they become a problem, finding a resolution is generally not a clear or straightforward path, and some owners get to a point where they feel as though litigation is their only option.In Ontario, the […]
In Quebec, most condos can be classified as divided co-ownerships. That means the building has private areas (the owners’ units) and common areas that all of the owners share (party rooms, pools, outdoor spaces, etc.). The Quebec Government passed Bill 16 in December of 2019, and this new law will impact some of the […]
Recreational vehicles (RVs) are loved by many people who enjoy travelling and exploring. They provide temporary accommodations on long road trips or camping expeditions. Retirees may even use their RV to travel from their winter home to their summer home.However, RVs can be a point of contention in HOA communities. Associations don’t always welcome these […]
The Strata Property Act, along with a strata’s bylaws and rules, provides the legal framework under which all strata corporations must operate in British Columbia. Even though stratas are self-governed, strata owners and residents must use the legislative framework to inform their actions and rules. Defining a strata The term “strata” is generally used as a synonym for a […]
If you live in a condo, you know that parking spaces can be rare and valuable commodities. Some condos have at least one parking spot per unit, but other developers only build spots for the larger units in the building. This can create problems for owners or renters who have a car but don’t have […]