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Ontario Condominiums 101: Part 1 – What is a condominium corporation?
According to Statistics Canada, new condo construction has been the dominant form of residential construction in Canada since 2012. While most people think of condominiums as a type of building, they are first and foremost a system of ownership. In...
Ontario Condominium Status Certificates
An Ontario Court of Appeal decision regarding condominium status certificates should be of interest for anyone who is evaluating a status certificate during their purchase or sale of a condominium. In this post, we will take a look at the...
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...
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....
