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Lack of insurance a higher risk to condos than debt load; many condo owners carry no insurance; 53 percent of condo renters do not.

Lack of insurance a higher risk to condos than debt load; many condo owners carry no insurance; 53 percent of condo renters do not.

As housing prices have increased, so too, have insurance costs, making it tempting to “go without.”  Increasingly, this means homeowners are “going without” — a dangerous proposition. Even more tenants of condos are going without — over half, according to Substance Strategis survey. [3] Some financial analysts rank lack of insurance as a bigger risk… Continue Reading

Rental Fairness Act: Act of kindness, or barrier to affordable housing? Either way, it will change everything for renters.

Rental Fairness Act: Act of kindness, or barrier to affordable housing? Either way, it will change everything for renters.

With 1.2 million rental households in Ontario, frequently rented from condo-owners, the stakes are high for Ontario residents in a “fairness” rental act. Ontario is following through on their announcements of rent control reform. A news release from Ontario’s Ministry of Housing makes it clear The Rental Fairness Act, 2017, is a coming reality. It’s safe… Continue Reading

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