What is a Condominium? When most people hear the word “condo” they may think of a single residential tower or maybe a townhouse, but what “condo” really refers to is a specific kind of real estate ownership structure that involves shared ownership of common elements and community decision making. This means that a condo could resemble a park, parking lot, or even an empty field. If you are considering purchasing property in a condo corporation, it is important to... [read more]

Reserve Funds A reserve fund is a fund that condo corporations use for major repair or replacement of common elements and assets as needed. The Condo Act requires that all condo corporations have a reserve fund. Adequate reserve funds and proper use of those funds are critical to maintaining the structural integrity of the condo corporation’s property. Reserve funds may only be used for major repairs and replacements of the common elements and assets of the condo corporation. Condo... [read more]

👉👉👉SUBSCRIBE TO MY YOUTUBE CHANNEL ✅ https://bit.ly/2v7gSi6 FREE BUYERS GUIDE! ✅ https://alexmoloneyhomes.com/home-buyers-guide If you are thinking about buying a condo in Toronto, I'm going to explain to you the whole buying process and give you a step by step guide in terms of what to know before buying a condo in Toronto, what you need to do, how you need to do it, so regardless if you're a first-time buyer, you're upgrading to a larger condo,... [read more]

Top 6 Reasons Not to Buy a Condo in Toronto Toronto is one of the most expensive cities in Canada, but it's also a city on the rise. Toronto is home to many beautiful and desirable neighborhoods that are attracting buyers from all over the world. If you're thinking about buying a condo in this bustling metropolis, here's why you might want to think twice. #1. The Toronto Condo Market isn't cheap The cost of real estate in Toronto has risen rapidly over the last 20... [read more]