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Category: Real Estate
28 March 2016 - 16:45,
by Colin McKay,
in Condo Management, Condominium, Property Maintenance, Property Management, Real Estate, No comments
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...
24 March 2016 - 15:56,
by Mary Kahn,
in Condo Management, Condominium, Property Maintenance, Property Management, Real Estate, No comments
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...
3 March 2016 - 17:50,
by Mary Kahn,
in Condo Management, Condominium, Property Management, Real Estate, No comments
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...
3 March 2016 - 16:56,
by Mary Kahn,
in Condominium, Property Maintenance, Property Management, Real Estate, No comments
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...
3 March 2016 - 16:37,
by Colin McKay,
in Condo Management, Condominium, Property Maintenance, Property Management, Real Estate, No comments
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...