Canada's Condominium Magazine

Monthly Archives: June 2015

Condo Act reform provides opportunities for lawyers

Condo Act reform provides opportunities for lawyers

Ontario’s lawyers have a lot at stake in the ongoing reform of the Condominium Act.  The changes to the Act, introduced in the legislature in May as Bill 106, address key areas including condo board governance and financial management, mandatory training for condo managers, and dispute resolution through a new Condominium Authority. Lawyers are heavily… Continue Reading

Home affordability up and down in first quarter: RBC

Home affordability up and down in first quarter: RBC

For the past four years, owing a single-detached home in Ontario has become less and less affordable, while the “weight” of owning a condominium has remained fairly constant. To quantify that, the affordability index for bungalows and two-storey homes rose by 0.3 percentage points, while the index for condo ownership edged lower by 0.2 percentage… Continue Reading

Depression becoming major workplace disability worldwide

Depression becoming major workplace disability worldwide

Every so often, a high-profile incident involving a person with a mental illness captures the world’s attention. A recent example was the deliberate crashing of a Germanwings passenger jet by its co-pilot, who was subsequently revealed to have been treated for depression. He thus entered the record book as the world’s first recorded suicide by… Continue Reading

Toronto BIM session declared a success, adoption still lagging

Toronto BIM session declared a success, adoption still lagging

How does construction management software mitigate project risk? What are the benefits of visualization technologies in explaining architectural design to clients? How is facility management adapting to the world of digital business and smart connected products? How can 3D printing be used to test designs and other aspects of production in future manufacturing/fabrication scenarios? These… Continue Reading

Other Popular Stories

15 percent non-resident speculation tax becoming reality for Ontario; may help temper “frantic” real estate market “without unintended consequences”

15 percent non-resident speculation tax becoming reality for Ontario; may help temper “frantic” real estate market “without unintended consequences”

As expected, Kathleen Wynn moved to cool down the sizzling hot GTA real estate market with a bundle of measures, led by new 15 percent non resident speculation tax. Investors who are residents are exempt, although separate “policies” may also target locals. Expanded rent controls are also certain. “When I talk about the frenzy in…

Ask the Lawyer: Condo owner wants action on noisy Airbnb “tenants”

Ask the Lawyer: Condo owner wants action on noisy Airbnb “tenants”

Reader Question: “I believe my neighbour is renting out with Airbnb. I see people I don’t know coming and going, making lots of noise. I also don’t feel safe in this environment. What can I do about this? So far, complaining to management hasn’t helped.” Do you have a question for Richard? Please reach out…

Sousa again promises action in GTA real estate market and rent controls in “coming week”

Sousa again promises action in GTA real estate market and rent controls in “coming week”

In another of several announcements promising action on the Ontario housing market — this one promising “in the coming week” — Ontario’s Finance Minister Charles Sousa revealed more details of the pending plan to rein in speculative market pricing in the GTA area. A combination of low supply and excessive demand has thrust house pricing…

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