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Ontario condominium law: Are all the rules legal?
Condominium living can come with a lot of rules. Ontario residents may wonder whether some of those rules are legal under condominium law. For instance, there are rules that stipulate what paint colours can be used in a unit or...
Shared Common Elements in a Condominium
Condominium developers may be required by the City to purchase a Parcel of Tied Land ("POTL"), as authorized in the Condominium Act, 1998 (the "Act"), to be tied to their common elements. Conversely, condominium owners currently enjoying an informal arrangement...
Interim Occupancy Fees Related to a New Build Condominium Purchase
When a purchaser buys a newly constructed condominium unit, the builder will often allow them to move in prior to being able to transfer legal title to the property. This occurs in almost all new build condominiums since the legal...
New Build Condo Closing Costs: Tarion And Utilities
For our final post in our series on closing costs for new build condos, we will take a look at more complex costs that are payable upon closing. In previous weeks, we looked at the down payment and legal fees,...
New Build Condo Closing Costs: Don’t Forget The Taxes
One way to help facilitate a smooth closing after you have purchased a condo is to budget for the closing costs. Every closing has specific expenses that relate to the purchase of the property, including applicable taxes and legal fees....
New Build Condo Closing Costs: Legal Fees And Status Certificates
When you first purchase a new build home, it can be both an exciting and confusing time. For condominiums, it can be even more so, especially when it comes to closing costs. There are several different fees and expenses to...
