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How To Secure Long Term Tenants For Your Toronto Condo?

Sunday Aug 2nd, 2020

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Toronto Condos

So, you’ve heard that renting out a condo is like hitting two birds with one stone – renting out your condo helps you make living on the side, while tenants help you pay out mortgage with monthly rental payments. Sounds like a great opportunity for profit, but unfortunately, things aren’t as simple as they seem! First of all, there are tons of risks associated with tenants. Ideally, you would want good people to occupy the space you own, who take good care of your... [read more]

What Steps Are Condos Taking To Managing COVID-19 In Buildings?

Wednesday Jul 29th, 2020

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Toronto Condo

Living in a condo building amidst tight spaces and shared facilities in the time of COVID-19 pandemic presents its own set of challenges. While social distancing protocols dictate that we keep at least a 2 meter distance from each other so as to mitigate the spread of the virus, how exactly does one do that in a gigantic condo building with literally hundreds of occupants using the same shared spaces, elevators, and doors. We scoured the best condo buildings to see what measures their condo... [read more]

Are Pet Restrictions Enforceable in Toronto Condos?

Tuesday Jul 14th, 2020

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Toronto Condos

There is a cliché that most disputes in condominium communities stem from one of parking, pets, or people. Well, considering that there are over 55,000 licensed dogs and 25,000 licensed cats in Toronto as of the most recent census, not to count the ones not legally licensed, such as rodents, birds and reptiles, it makes sense that a great number of disputes involve pets. As such, a question that often springs on the lips of condominium boards of directors and unit owners is whether... [read more]

CMHC changes mortgage rules in the COVID-19 era

Monday Jul 6th, 2020

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CMHC

Canada Mortgage and Housing Corporation (CMHC) is a Canadian Corporation that offers mortgage liquidity, housing assistance, advice, and research assistance to the Canadian citizens, the government, and the real estate industry. The CMHC is a crucial part of the Canadian administration because it administers the Covered Bond Legal Framework. Its key responsibilities are to register and maintain a list of issuers and programs and set up the Covered Bonds Guide. It is dedicated to helping... [read more]

Should You Buy A Parking Spot In Your Condo Building

Thursday Jul 2nd, 2020

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Toronto Condos

At a glance, it looks like a simple yes or no question: Should you invest in a parking spot in your condo? Do you have a car? yes. Don’t have a car? no. Unfortunately, the answer is much more complicated, especially when you factor in the pros and cons, the potential cash flow that comes with owning a parking spot, and the underlying costs. Whether you want a parking space for your own car or are looking to monetize your investment by renting out the spot to someone else,... [read more]

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