by CAI Canada | Jul 7, 2017 | Uncategorized
A recent article in the Globe & Mail concluded that retirees who downsize from a house to a condominium will often not see a huge reduction in their monthly living expenses for property taxes, insurance, utilities and maintenance and repairs. To assist readers,...
by CAI Canada | Jul 7, 2017 | Uncategorized
In a recent case, 2384125 Ontario Inc. v. The Diamond at Don Mills Developments Inc., twenty-five commercial condominium unit owners collectively sued the condominium developer for a total of $7,000,000, claiming that they were induced by misrepresentations by the...
by CAI Canada | Jul 7, 2017 | Uncategorized
Urban Toronto is conducting a poll to select Urban Toronto’s favourite residential building in 2015. There are three categories of buildings determined by building height. To vote, just click on the artist-rendition pictures of the five buildings in each category that...
by CAI Canada | Jul 7, 2017 | Uncategorized
Canada Mortgage and Housing Corp. (“CMHC”) recently released data concerning foreign ownership of condominium units in Canada. The survey conducted by CMHC indicates that foreign ownership in Canada increased in 2015 over 2014 in Toronto Centre (from 4.3% to 5.8%),...
by CAI Canada | Jul 7, 2017 | Uncategorized
In a recent case, the purchaser of a condominium unit was successful in getting a court order compelling the vendor/developer to return the deposits paid by the purchaser, after the transaction failed to close. The purchaser agreed to purchase a hotel condominium...
