CBC News released data from the 2016 census Wednesday showing “…households equal to 13.3 percent live in Canada condos, the ratio of households in condos has increased by 1.2 percentage points from the last census five years ago.” “Statistics Canada says almost 1.9 million Canadian households were living in condominiums as of 2016. As is to be expected, there is wide variety...
Ontario condo owners will soon be subject to a new monthly tax. While this may sound like a negative development, leaders in the condo industry and experienced condo owners are certain it is not. This revision to Ontario’s Condominium Act, which could cost condo owners as low as a dollar per month, is set to be in place by late 2017. The fee will be used to educate condo owners through various...
Ok potential real estate moguls, we’re in the fourth month of the New Year. How are your resolutions coming along? Was one of them to acquire wealth by starting a real estate portfolio? Whatever your goal, whether it be to buy properties to rent out, flip or even reside. They aren’t going to fall into your lap you have to take the first step and stay committed to it. The...
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