Loading...
img

New Condo Act Rules Moving Forward

Tuesday Jul 25th, 2017

Share

The provincial government has announced that it is moving forward with recent changes to the Condominium Act to provide increased consumer protection for condo owners and residents.  TREB participated in the government's consultations on this issue and pushed for these changes. The Minister of Government and Consumer Services announced that the following new protections for condo communities will take effect this fall: Regular mandatory updates about the condo corporation to... [read more]

Toronto Condo Prices Soar Record High

Tuesday Jul 25th, 2017

Share

Forget single-family homes: Even condos are moving out of affordability range for Toronto's middle class. Despite the slowdown in the broader market, new data from the region's real estate board shows condo prices in the Greater Toronto Area have now passed the half-million-dollar mark, after soaring 28 per cent in the second quarter of this year.   The average condo in the region sold for $532,032 in the second quarter, up from $415,454 in the same period of 2016. [read more]

Foreclosure v.s. Power of Sale

Tuesday Dec 27th, 2016

Share
'

In the unfortunate circumstance that a homeowner is past-due on their monthly mortgage payments, they pave the way for a “foreclosure” on their property. In today’s market, banks and other lenders do not turn to foreclosure to take away the homes of homeowners who are in arrears. Instead, they perform a "Power of Sale" which is wholly different from a Foreclosure. What is a Foreclosure? Foreclosures are laborious, grueling, and costly to both the... [read more]

Load More