Archives: March 2016

Toronto condominium property management is an ever-changing business! In many cases maintenance fees for Toronto condominiums have been rising much faster than inflation for years, and the topic is always on the minds of buyers and owners alike.  When Mareka takes over the management of a condominium corporation from another management company, part of our...
Whether they are in high rise buildings or townhouses, condo ownership is all about community.  When we looked at what condominiums are, we talked about how they’re all about property owners coming together and pooling their resources to afford amenities and services they may not be able to on their own.  In fact, buying a condo is...
Last week we talked about buying a condo new from a developer This week we’ll talk about buying a condo as a re-sale When buying a condo as a re-sale, the pitfalls to avoid are slightly different compared with buying one new from a developer. Let’s look at the process first, so we can see where buyers...
Rental tenants have become an increasingly visible demographic in condo corporations over the past two or three years.  More and more investors find that buying condo units for the purpose of generating rental income is attractive. What does this mean for condo owners who live in their units, and for property managers?  A lot.  It turns...
Let’s begin with the understanding that the condominium industry is the same as any other – the vendor wants to charge the maximum possible for their product, and the buyer wants to get the best product they can for the lowest price possible. The vendor and buyer will then enter into negotiations and reach a...
According to Wikipedia, quoting the New York Times, the first historical record of condo living comes from ancient Babylon, and unit owners have worried about rising condo fees for the two millenniums since. Everyone knows that condos are a BIG DEAL in Toronto right now.  Everyone is buying one, and downtown, a forest of gleaming new...