During the hunt for your perfect home one of the most crucial items to consider is strata and understanding how it will affect both your finances and day-to-day living down the road. When you buy a condo or townhome, you’re investing into a strata corporation and the shared interests and liabilities of all the owners and occupants of that community. To protect yourself from any surprises down...[ read more ]
By Cameron McNeill Shining a positive light on a modern necessity FOR THOSE OF YOU who are contemplating buying a condo but are uneasy about the monthly strata fees – don’t be so concerned! Although strata fees are typically viewed in a negative light because they’re another monthly cost you must account for in your budget, these fees actually come...[ read more ]
By Bob de Wit Considering the purchase of a condo? One of the key steps to ensure you are making a sound purchase will be in reviewing the strata minutes. Not the most exciting of reading choices – however, the minutes will provide you with an in-depth look, not only of the building and operations, but also a peek into the condo...[ read more ]
By Tony Gioventu If you haven't lived in a strata unit before, take the time to do your research before making your purchase, advises condo expert Tony Gioventu. How can you tell if the condo you are looking at is a good buy? This is one of the most common questions the Condominium Home Owners Association receives. Buying a condo, whether...[ read more ]
By Neil Mangan When it comes to sharing expenses under the Strata Property Act, the general principal is that all owners are “in it together.” For example, if there is a major leak on one side of the building, all owners will need to contribute to the cost of repairs, even if they live on the dry side. Sharing all common expenses regardless of who benefits can be a source...[ read more ]
