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Condo Owner on the Hook for Inaccurate ‘Clean’ Status Certificate

What happens when an owner receives an incorrect status certificate issued by a condominium corporation?

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Clearing the Smoke on Condo No-Smoking Rules Before Cannabis Legalization

What happens when the rights of smoking and non-smoking tenants and landlords conflict?

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How Canada's Mortgage Stress Tests Have Spiked Toronto Condo Prices

The Canadian federal government introduced new mortgage rules in the fall of 2016 to combat rapidly increasing home prices - but have they driven up condo prices instead?

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Drop in Toronto Condo Listings Keeps Prices Up

With Toronto Area condo sales down 26% in April 2018, many buyers are wondering why the condo market is still incredibly competitive and prices are still up.

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How 22 Toronto Condo Buyers Ended Up Owning the Wrong Units

How is it that 22 condominium owners in a north Toronto development do not own the units they are living in?

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Why condos are more expensive than houses in the Greater Toronto Area

John Pasalis in Toronto Real Estate News, Condo Buying

Ryerson’s City Building Institute published an interesting paper this week that concluded that builders are not building...

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Government Has No Excuse for Delaying Consumer Protection Sections of New Condominium Act

Bob Aaron in Condo Buying, Legal

With parts of the new Condominium Act coming into force next week, there is concern about important consumer protection sections in the act...

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Condo Corps Need to Deal with Marijuana Use Before it Becomes a Problem

Bob Aaron in Legal, Condo Buying 

When marijuana becomes legal next summer, landlords, tenants and condominium owners can expect an increase in disputes related to both...

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Pick or Pass: How to Use Data to Help You Make a Smarter Condo Investment Decision

Last week we touched on how to assess the impact of investors when evaluating a condo building – this week we’re going to take it one step further by delving into three other...

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Pick or Pass: What Makes a Condo a Good Investment?

The condo market in Toronto seems to be unfazed by the introduction of the Ontario Government’s new Fair Housing Plan. In some instances, the number of units bought by...

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Pick or Pass: Is a Special Assessment the Reason Why This Home is Still on the Market?

Recently, there were two homes on the market with the same offer date and my clients were trying to figure out which one they would offer on – one in Port Credit, Mississauga...

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Pick or Pass: What You Need to Know About Pre-Construction Condos (That Sales Reps Might Not Tell You)

From a legal perspective, buying a pre-construction condo can be an even more involved process than buying a resale property as there are many additional aspects to consider –...

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Pick or Pass: Are You Throwing Your Money Away on Monthly Condo Fees?

 

More home buyers are considering condo style living as an alternative to freehold housing due to the widening price gap between the two types. Although a viable housing...

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Pick or Pass: Could you Spot a Blacklisted Condo?

Nicole Harrington in Listings of the Week

Toronto’s housing market is as diverse as its people: ranging in price, size, and location. I pick a Toronto listing or trend to focus...

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Kitec plumbing in condos should be revealed

Bob Aaron in Legal, Condo Buying

Should condominium corporations disclose the existence of Kitec plumbing to potential buyers on their status certificates? That was the...

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Pick or Pass: Affordable Spots for Buyers - Condo Edition

Nicole Harrington in Listings of the Week 

Toronto’s housing market is as diverse as its people: ranging in price, size, and location. I pick a Toronto listing or trend to...

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What if my Prospective Condo Corporation is Involved in Litigation?

Bob Aaron in Legal, Home Buying, Condo Buying

What should a buyer do when the status certificate for their condominium purchase shows that the corporation is involved in...

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Pick or Pass: Building Permits – the Good, the Bad, and the Ugly

Nicole Harrington in Listings of the Week 

Toronto’s housing market is as diverse as its people: ranging in price, size, and location. I pick a Toronto listing or trend to...

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Pick or Pass: If It Looks Too Good to Be True, It Just Might Be

Nicole Harrington in Listings of the Week 

Toronto’s housing market is as diverse as its people: ranging in price, size, and location. I pick a Toronto listing to focus on each...

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R Listing: Why Condo Towns are the Next Big Thing

Nicole Harrington in Listings of the Week 

Here's my closer look at a recent Realosophy listing brought to market by our busy sales team - along with key insights and the...

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Top Pick in the 6ix: Toronto ListingsThis Week

Nicole Harrington in Listings of the Week

Toronto’s housing market is as diverse as its people, ranging in price, size, and décor. We pick the top Toronto listing in each...

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Are all Condos a Good Investment?

John Pasalis in Condo Buying

Many research focused home buyers looking to make a smart home buying decision will often invest a lot of their time studying the average price per...

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Regulating Ontario’s home inspectors is taking too long

Bob Aaron in Legal, Home Buying, Condo Buying

 

There’s good news and bad news for homebuyers who would like to see a formal licensing protocol instituted for the province’s...

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Be wary of HST rebate rules when buying a new home

Bob Aaron in Legal in Home Buying, Condo Buying

A decision by the Tax Court of Canada last month has muddied the waters about who is — and is not — entitled to the new-home...

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Can You Afford to Buy a Home in Toronto?

Nicole Harrington in Home Buying 

 

Feeling Priced Out? What Options do New Home Buyers Have in the Toronto Market?

With houses selling for hundreds of thousands of...

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Condo buyers beware: How some builders overcharge for taxes

Bob Aaron in Legal, Condo Buying

Editor's Note: This article was first published Feb 13 2016.

Thousands of purchasers of new condominiums are being overcharged for property...

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Protecting condo buyers from changes in final sale agreements

Bob Aaron in Legal, Condo Buying

Recent lawsuits over material changes in final sale agreements have ended with the courts ordering buyers’ deposits fully refunded.

Three...

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Preconstruction home, condo buyers need more protection

Bob Aaron in Legal, Home Buying, Condo Buying

 

A review of consumer protections for owners of new homes is set to get underway.

Retired associate chief justice J. Douglas...

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A new home’s floor should not be this noisy

Bob Aaron in Legal, Home Buying, Condo Buying

A squeaky wooden floor was at the centre of a recent decision by the Ontario Licence Appeal Tribunal that overruled the...

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Affordable Condos and Lofts for First-Time Buyers in East Toronto

Ashleigh Dorrington in Condo Buying, Home Buying, Leslieville

Broadview Lofts

If you like lattes, antiquing and walking to work then the east end of Toronto might be for you....

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It can be risky and expensive to fight your condo over rules

Bob Aaron in Legal, Condo Buying

This is the story of a $47,000 dog named Peaches and its troubled stay in a Barrie condominium.

It all began back in July, 2014, when...

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The One Thing You Need to Know Before You Buy a Condo

John Pasalis in Toronto Real Estate News, Condo Buying

Given all the press about Toronto’s booming condo market, it’s no surprise that one of the most common questions I get...

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Hidden new contruction buyer fees can cost you thousands

Bob Aaron in Legal, Home Buying, Condo Buying

Two areas involving builder agreements of purchase and sale that cry out for action by the new homes provincial watchdog are...

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Ontario Liberals Proposed Condo Act Reform May Do More Harm

Bob Aaron in Legal, Condo Buying

“If Shakespeare was alive today and owned a condo in Ontario (let’s say Stratford), he would have ample material for a new play about...

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Verify your correct unit listed in offer, deed

Bob Aaron in Legal, Condo Buying

Last month I wrote about a court case involving the purchase of a condo townhouse with a third floor attic conversion that did not comply...

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Toronto's Condo Market in 2014 - A Year in Review

John in Toronto Real Estate News

As a follow up to my previous post which looked more closely at the market for houses in 2014, this week I’m going to look at Toronto’s condo...

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Condo corporations must tread carefully on status certificates

Bob Aaron in Legal, Condo Buying

A major decision of the Ontario Court of Appeal last week has raised the bar on the level of due diligence required by condominium...

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A Few Quick Facts About Toronto's Real Estate Market in 2014

John in Toronto Real Estate News, Home Buying, Condo BuyingHome Selling

Realosophy released its semi-annual Home Value Survey for the Globe and Mail today and I thought this...

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Board fined for defying both condo owners and court ruling

Bob Aaron in Legal, Condo Buying

What happens if condominium board members fail to comply with the Condominium Act? That question was the focus of a case which ultimately...

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Never Buy A Resale Condo Without Reviewing Status Certificate

Bob Aaron in Legal, Condo Buying

Photo Courtesy: iStock.com

Why does a lawyer have to review the condominium status certificate on a resale purchase? What are the risks if...

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Court Rules Against Condo With Smoking Cigar

Bob Aaron in Legal, Condo Buying

Photo Courtesy: iStock.com

We have experienced an overwhelming smell of cigar smoke coming from the condominium unit above ours. What can we...

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Get Your New Room Measurements in Writing

Bob Aaron in Legal, Home Buying, Condo BuyingPhoto Courtesy: iStock.com

Where can I find the size of the condo unit I’m buying in the builder’s pre-construction contract?

I...

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Floor Plans Can Be Your Best Defense

Bob Aaron in LegalPhoto Credit: iStock.com

What happens when the new-build condominium unit you buy from just the plans is significantly different from the one the builder has...

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HST Rebate Rules Don't Include All Your Relatives

Bob Aaron in LegalToronto Real Estate NewsCondo BuyingHome Buying

Many buyers of new homes and condominiums may be surprised to receive a demand from Canada Revenue...

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Tarion: Buyers May not be able to sue for claims after new home warranty expires

Bob Aaron in LegalToronto Real Estate NewsCondo BuyingHome Buying

A recent court decision raises the thorny issue of whether it should be legal for builders to restrict...

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Establishing a Quasi-Judicial ‘Condo Office’ Should be Done with Care

Bob Aaron in Legal, Toronto Real Estate News, Condo Buying, Home Buying

A sea change is coming for the management and operation of the province’s 600,000 condominium units if...

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A Closer Look at Toronto’s Condo Market

John Pasalis in Toronto Real Estate News and Condo Buying

If you’re a condo buyer in Toronto it’s certainly tough to make sense of what’s really happening in the market. In the...

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Toronto's Condo Market - Bubble or Balanced?

John Pasalis in Toronto Real Estate News and Condo Buying

Ever since the federal government reduced the maximum amortization on insured mortgages in Canada back in July 2012 we...

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Why Flaherty’s policies are hurting Toronto’s condo market

John Pasalis in Toronto Real Estate News and Condo Buying

Over the past six years, federal Finance Minister Jim Flaherty has influenced the Canadian residential real estate...

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Title Insurance Really isn’t Optional

Bob Aaron in Legal, Home Buying, Condo Buying

Despite the fact that residential title insurance has been commonplace in Ontario for the last 15 years, many of my clients still...

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Is This a Good Time to Buy a Pre-construction Condo in Toronto?

John Pasalis in Toronto Real Estate News, Condo Buying

I have received a number of emails from readers recently asking me if this is a good time to buy a pre-construction...

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Condo Board Cannot Ignore Democratic Process

Bob Aaron in Legal, Condo Buying

A recent decision of the Superior Court of Justice in London, Ont., carries a powerful message about the consequences that can result when a...

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Why Toronto Condo Prices Are Falling

John Pasalis in Toronto Real Estate News, Condo Buying

The Toronto Real Estate Board released their August sales statistics yesterday and while there are a couple of...

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Condo Act Doesn’t Need Major Revamp

Bob Aaron in Legal, Condo Buying, Toronto Real Estate News

In June, the McGuinty government announced a public consultation process to “modernize” the 1998 Condominium Act to...

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Smoking Issues Plague Condo Corporations

Bob Aaron in Legal, Condo Buying

Condominium corporations have a duty to accommodate residents who have sensitivity to second-hand cigarette smoke, according to a recent decision...

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Flaherty Should Cool Toronto’s Condo Market (Not Just Warn Us About It)

John Pasalis and Urmi Desai in Toronto Real Estate News, Toronto Condos

Over the past couple of years we’ve heard Mark Carney and Jim Flaherty escalate their concerns about...

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Enforcement of Declaration is a Condo Board’s Duty

Bob Aaron in Condo Buying, Legal

Peel Condominium Corp. 108 is an attractive townhouse development built in 2002 on Central Park Dr. in Brampton.

Back in April 2009, the board of...

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Revised purchase agreement could ease ‘sticker shock’

Bob Aaron in Legal, Condo Buying

In a landmark consumer protection initiative, the Tarion Warranty Corp. has proposed a requirement that builder purchase agreements set out in one...

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Troubling Signs for Toronto’s Condo Market

John Pasalis in Condo Buying, Home Buying, Toronto Real Estate News

If there’s one thing that concerns me about Toronto’s real estate market it's the uncertainty about the boom...

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The Importance of Reviewing Condo Floor Plans

Bob Aaron in Condo Buying, Legal

A Superior Court decision released last month underscores the importance of reviewing condominium floor plans before completing the purchase...

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Introducing The Carlaw Lofts in Leslieville

John Pasalis in Toronto Real Estate and Toronto Condos and Lofts

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It's difficult to sell pre-registration condo units

Bob Aaron in LegalHome Buying, Condo Buying

With thousands of new Toronto condominiums being completed each year, investor purchasers are putting many of them on the...

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Tarion Registration is Not an Option for Homebuilders

Bob Aaron in Home Buying, Condo Buying, Home Selling, Legal

One of the biggest challenges facing the new home industry today is the problem of illegal construction and sale of...

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Five Questions for...The Globe and Mail's John Daly on Toronto's Condo Love

Urmi Desai in Five Questions, Toronto Real Estate News, Condo Buying

Editor's Note: In our "Five Questions" series, Move Smartly bloggers get answers to the questions we'd all...

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Shocked by Stories of ‘Neighbours from Hell’

Bob Aaron in Home Buying, Condo Buying, Legal

In my column on April 2, I wrote about a study by Halifax Home Insurance in the U.K. which reported that more than 360,000 Britons,...

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Builder, Purchasers Fight Over Increase in Closing Charges

Bob Aaron in Legal, Condo Buying

A Toronto-area builder has filed a notice of appeal after losing two small claims court cases to new condominium buyers who sued to recover...

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New Condo Alert: Showcase Condos in Leslieville

John Pasalis in Toronto Condos and Lofts, Toronto Neighbourhoods, Leslieville

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Estimating Taxes a Tricky Business

Bob Aaron in Legal, Condo Buying

Last month two clients of mine were closing on the purchase of a new Toronto condominium. When they received the final statement of adjustments...

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Floor plans are most important document in buying a condo

Bob Aaron in Condo Buying, Home Buying, Legal

The Park Lake Residences condominium project is located on Lake Shore Blvd. W. at Ellis Ave., near the foot of Windermere. Built by...

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Bob Aaron: Court of appeal ruling ‘absolutely correct’

Bob Aaron in Legal, Condo Buying

The Ontario Court of Appeal has reversed a lower court decision that ruled that all of the unit owners of a new condominium project did not have...

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New Condo Sales in Q2 Decline from Q1; Resale Condo Prices Rise Less Than 1%

Realosophy in Toronto Real Estate News, Toronto Condos and Lofts

From Urbanation's Q2-2010 market overview and press release of August 3rd:

New condominium sales of 4,991...

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Leslieville News: What's Up With The Stage East Lofts?

 David Eakins in Leslieville, Toronto Condos and Lofts, Toronto Neighbourhoods

 

Here's another question we've been getting from many residents: "What's going on with the Stage...

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Leslieville News: The Pit at Queen and Pape

David Eakins in Toronto Neighbourhoods, Leslieville

"What's the story with the stagnating pit at the corner of Queen and Pape?" That's the question many residents have been...

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New Toronto Condominium Unit Sales Highest Ever in Q1

Realosophy in Toronto Real Estate News, Toronto Condos and Lofts

From Urbanation's Q1-2010 market overview and press release today:

Urbanation Editor and Executive Vice...

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Buyers overpay builder for estimated taxes

Bob Aaron in Legal, Condo Buying Tips

In 2005, Stuart signed an agreement to purchase a condominium unit for $326,900 in an upscale 20-storey project not far from the Annex area.

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Devil is in the details

Bob Aaron in Legal, Condo Buying Tips

Terry is a 23-year-old public servant, having recently graduated with a bachelor of commerce degree.

He is ready to buy his first home, and...

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7 Reasons Why Toronto's Condo Market is on Solid Ground

John Pasalis in Toronto Real Estate News, Condo Buying Tips

Toronto’s condo market is on solid ground according to a recent research paper published by Scotiabank Economics. ...

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Builders should be upfront about extra condo charges

Bob Aaron in Legal, Condo Buying Tips

Last week I had the opportunity to review a condominium builder purchase agreement with a couple of clients. They had been told in the sales...

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Buying a New Condo: Get a Better Deal

Rachel Loizos in Legal, Condo Buying Tips, Home Buying Tips

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Interim Occupancy Fee aka 'Phantom Rent'

Rachel Loizos in Legal, Condo Buying Tips, Home Buying Tips

In his recent article, Condo Buyers should prepare for ‘phantom’ rent, Terrence Belford of the Globe and Mail...

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Toronto Condo Market Is Oversold, Developer Says

John Pasalis in Toronto Real Estate News, Condo Buying Tips

In May of this year the Canadian Mortgage and Housing Corporation (CMHC) released an optimistic report on Toronto's...

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Buying a New Construction Condo in a Slowing Market

John Pasalis in Toronto Real Estate News, Condo Buying Tips

The past ten years have been kind to home buyers and real estate speculators who invested in pre-construction...

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Buying a New Condo Based on the View can be Dissapointing

Rachel in Condo Buying, Legal

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CMHC Analyst Weighs in on Toronto's Condo Market

John Pasalis in Toronto Real Estate News, Condo Buying Tips

Last week I raised a couple of concerns about a recent Canada Mortgage and Housing Corporation (CMHC) report that...

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Top 10 Things You Should Know Before Buying A New Condo

John in Condo Buying Tips, Legal

A couple of months ago, CBCs’ Marketplace had a great feature that highlighted many of the problems that buyers of new condominiums are faced...

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Buying a Condo - Know Your Rights

Rachel in Condo Buying, Legal

If you are currently or have ever considered buying a condo, you should check out this site.  It  belongs to the Canadian Alliance for Condominium...

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Toronto Condo Developer Misses the Mark with Facebook Advertising Campaign

John in Toronto Real Estate News

Urbancorp, the developer behind West Side Lofts and Bridge Condos, is Toronto’s first condo developer to leverage Facebook’s new advertising...

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Are Toronto Condos a Better Investment than Detached Homes?

John in Toronto Real Estate News

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Finding Sanctuary: Church turned Condo at College and Palmerston?

John in Toronto Condos and Lofts, Toronto Real Estate News 

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No Drake Hotel For Queen Street East

John in Leslieville, Toronto Real Estate News

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Ask a Lawyer: Condo Conundrums

Rachel in Condo Buying, Legal, Ask an Expert  

This post is a collection of some popular questions that I have received over the last little while that I thought might be of...

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Leslieville Lofts

John in Leslieville, Toronto Condos and Lofts

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New Condominium Deposits

Rachel in Condo Buying, Legal, Money

A HomeBuyer can decide to buy a new condo at any point that units are available for sale – meaning from the time the sales office is open all...

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The Royal Canadian Military Institute at 426 University Avenue: Salvation Through Construction?

Jesse in Toronto Real Estate News, Toronto Condos and Lofts 

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The DOs and DON'Ts of Condo Living

Jesse in Condo Buying, Legal, Lifestyle

You have found your ideal condominium. It may be a conversion of sorts, a shiny high-rise in a tony neighbourhood or one of the row...

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Historic Distillery District: Toronto Neighbourhood Explorer

Jesse in Toronto Neighbourhoods, Toronto Condos and Lofts 

A short while, I had lamented on Toronto’s seemingly lack of recognition to buildings that were erected during its...

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What Does the Future Hold for Toronto's Condo Investors? Windfall or Bust?

John in Condo Buying, Toronto Real Estate News

Now that the dust has settled on the insanity that was the 1 Bloor broker preview, we can start asking what the future holds for...

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Aura - Canada's Largest Condo Tower?

John in Toronto Condos and Lofts, Toronto Real Estate News

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Condo Madness in Toronto: 1 Bloor West

John in Toronto Condos and Lofts and Toronto Real Estate News

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Pre-Delivery Inspection (PDI) for New Homes and Condos

Rachel in Legal, Home Buying, Condo Buying

You have finally received the good news that your new home is (almost) ready.  Only a few more loose ends to tie up before you can...

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Toronto Revisits Development Fees to Pay for City's Needs

Urmi in Toronto Real Estate News

Nice to know that my spidey-sense is more than a caffeine-induced health emergency.  At the start of this week, I was curious as to why...

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The Modern on Richmond Street

John in Toronto Condos and Lofts

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Your Condominium Purchase and Insurance

Rachel in Legal, Condo Buying 

Very few people give a second thought to insurance coverage issues until disaster strikes – arguably not the best time to start wondering if you...

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idea Condominium - new thinking just west of Toronto

John in Toronto Condos and Lofts

idea At a Glance

Neighbourhood: Long BranchTotal Suites: To be announcedExpected Occupancy: December 2009Developer: Queenscorp Residences...

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The Trump Tower is Breaking Ground in Toronto

John in Condos

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Toronto Unearthed: Shangri-La Condo Stumbles into the Past

Jesse in Lifestyle, Condos, In the News

A few months ago, a fabulous brochure landed in my mailbox. Printed on high-quality, lustrous paper it captivated me with everything...

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Cube Lofts in Toronto's Little Italy

John in Condos

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A New Look For Toronto's Yonge and Bloor Intersection

John in Condos

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Promenade on the Danforth Condo

John in Condos

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Condo Update - Corktown District - Final Phase Release Date

John in Condos

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Dreaming the Big Dreams in Toronto: New Urbanism, Smart Growth and High-Density Development

Urmi in Neighbourhoods, Lifestyle, Condos, In the News

Urban planning enthralls me, like so many others, because it holds out that tantalizing promise of agency, that assertion...

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Prepare for the Inevitable – Your New Home or Condo Purchase and the Supplemental Property Tax Bill

Rachel in Condos, HomeBuying, Money

When you purchase a new home or condominium, on your statement of adjustments, there will be a section that references realty taxes (also known...

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Avoiding Sticker Shock – The Statement of Adjustments and Your Condo Closing

Rachel in Condos, HomeBuying, Legal, Money

Nothing sends clients reeling like the statement of adjustments on a new condominium closing, except, perhaps the statement of...

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Corktown District Phase 2

John in Condos

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Rezen Condo

John in Condos

Rezen is a new condominium project currently under construction at the corner of Frederick and Adelaide, just west of Sherbourne. This condo is a short walk from...

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New Condominium Interim Closing

Rachel in Legal, HomeBuying, Condos

There is a very interesting period during the purchase of a new condominium that resembles something between ownership and renting...known as...

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Toronto's Boutique Condo Update

John in Condos

Rumor has it that Boutique Condos will be adding an additional 16 floors on top of its Phase 2 condo at the corners of Nelson and Simcoe in Toronto's ...

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Clear Spirit - New Condominium at The Distillery

John in Condos

Five short years ago, the only reason most people were driving by the corner of Cherry and Mill streets was to get to a Toronto landmark, the Canary Restaurant...

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Real Insight: Condominium Conversions

Rachel in Legal, Condos, HomeBuying, Real Insight

Ed note.  Real Insight is a periodic feature decoding some of the many mysteries surrounding HomeBuying.

A very dear friend of...

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The Dual

Jesse in HomeBuying, Lifestyle

A glossy brochure peeked out at me from underneath the stack of mail that I had tossed on the counter, partially hoping it would read and sort...

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Realosophy Launch

Welcome to realosophy.com!  We hope that you are as excited as we are about our new Toronto HomeBuyer’s website.

We are a group of young consumers and professionals who once...

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