People who are interested in living in or investing in DT condos are often asking which building do, and which once don’t allow short term rentals. The truth is the majority of the condos don’t permit short term rentals and it is stated in their bylaws, of the buildings who are not allowing them there are some who enforce it strictly, and others that don’t. City of Toronto at the end of 2019 implemented new rules and regulations for short term rentals, there are certain... [read more]

A bedroom, as most of us would imagine, is a place where one would ordinarily sleep, will have a door which can be shut so one can sleep in peace and quiet, will have a window for a daylight, and be large enough to have a bed. Ontario Building Code describes this in great detail, below are few excerpts: 9.5.7.1. Areas of Bedrooms (1) Except as provided in Articles 9.5.7.2. and 9.5.7.3., bedrooms in dwelling units shall have an area not less than 7 m² where built-in cabinets are not... [read more]

In recent years we have heard of many instances of builders demanding extra money from the purchases of pre-construction residential properties, in many cases the options were to pay thousands of dollars or to terminate the contract. This may not be that easy going forward, in the case of Dhaliwal v Midland homes the judge recently ruled that the builder must honour the original purchase price and is not entitled to any additional funds. In summary Dhaliwal’s purchased a... [read more]

Why Are Condo Fee So High? Condominiums have been the hottest segment of the market around GTA until Covid hit, it was partly because of the lack of affordability for freehold housing, as well as changing demographics, lack of available land in Downtown Toronto, life-style choices, just to name few reasons. In this article we will look at why are condo fees so high. The amount to be paid for monthly condo fees can range anywhere from $200 for a studio unit in the brand new condominium... [read more]

    I have already written a blog about buying preconstruction condos, in this blog I would like to point out certain details of purchasing a resale condominium, in some aspects buying precons and resale are the same, and differ quite a bit in others. For the most part the approach of the investor and owner occupier will be very similar as well. I will be addressing number of points, some more important than others, all worth considering. Location. This applies to... [read more]