![]() Ontario government to introduce legislation to make it easier and less expensive to resolve disputes between individual condo owners and the condo board. A new board called the Condominium Authority similar to a Rental Tribunal to mediate and handle disputes . This board will be funded by condo developers plus a $1 per month added cost for each individual condo owner per month. This legislation shall also include new rules restricting developers to pass "surprise" increases to condo fees in the second year such as mortgage costs to carry guest suites, etc. Also increased educational requirement for board directors and property managers Read more here: //www.cp24.com/news/ontario-to-create-condo-authority-to-help-resolve-disputes-1.2392900 RELATED LINKS ![]() 5 Smart tips about closing costs Congratulations! You're a home owner. Your offer has been accepted and your home is closing soon...Now what? ...more ![]() To buy or not to buy? If you can afford to rent, chances are that you can afford to buy. Start building equity for your future by putting your monthly rent toward a monthly mortgage payment! ...more |
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