Common Complaints from Condo Owners

Posted on March 10, 2022March 10, 2022

Most condominium corporations have rules, regulations and by-laws that residents must abide by.  This includes things like complaints, guest suite privileges, gym hours and visitor parking.   A board of directors may make rules respecting the use of the common elements and of units to promote the safety, security or welfare of the owners and of the property and assets of the corporation, or to prevent unreasonable interference with the use and enjoyment of the units. Condo boards have a Duty to Enforce … Continue reading “Common Complaints from Condo Owners”

Housing Prices and Development

Posted on February 4, 2022February 4, 2022

Canada housing prices are expected to continue to rise through 2022. More young adults leaving parents’  homes and new Canadians purchasing homes have been growing higher than usual.  The Windsor housing market is likely to continue to be a seller’s market in 2022 with expectations for an active year ahead by growing demand from move-over buyers and locals, low housing inventory and rising prices. Low inventory has been a common trend across many Ontario housing markets.  Move-up buyers in the … Continue reading “Housing Prices and Development”

What is it like to be on a Board and why you should consider joining your Condominium’s Board of Directors

Posted on January 10, 2022February 4, 2022

A condominium board is responsible for the physical and financial well-being of the condominium corporation. They manage the day-to-day responsibilities, maintenance and repair of assets, and fiscal responsibilities of the corporation. Condo boards will hire a property management company to handle the daily operations of the corporation. This can lighten the load for busy board members, but the board of directors retains decision-making power and responsibility. Boards do not represent themselves nor the management: They represent owners and should be accountable to … Continue reading “What is it like to be on a Board and why you should consider joining your Condominium’s Board of Directors”

Condominium Insurance on the Rise!

Posted on December 4, 2021December 8, 2021Tags ,

The increase in rates will affect the corporation/association (property/general liability) and the individual owners (household contents, betterments/improvements and liability). Why are Condo insurance rates going up? The factors helping drive up condo insurance rates in Canada in the last number of years are compounded by the costs of climate change and the pandemic.  There has been a higher volume of claims related to more frequent severe weather events and by the surge in building material costs. Wally McNeilly, a broker … Continue reading “Condominium Insurance on the Rise!”

Living in a Condo? Thinking of Getting Involved? Why not a Board of Directors?

Posted on November 4, 2021November 4, 2021

Here is what you need to know before you become a Board Member at your New Condominium. The board of directors represent the owners. Owners of a condo elect members to become a board member or become one themselves.There are certain criteria in order to become a board member including: be at least 18 years of age cannot be bankrupt be mentally competent. must complete the Condominium Director Training Program must comply with new disclosure obligation What does a condo … Continue reading “Living in a Condo? Thinking of Getting Involved? Why not a Board of Directors?”

Condo Maintenance Tips, Pros, and Cons: Managing a Condominium on Your Own

Posted on October 5, 2021November 4, 2021

Additional costs of owning an apartment or condo are the monthly maintenance fees which cover the costs of the upkeep of buildings, grounds, and common areas.What is involved with maintenance? 1 – Condo Safety and security Lighting/monitoring/sidewalks and parking lot/emergency equipment including smoke alarms/sprinklers/fire extinguishers 2 – Regular Condominium inspections/testing Maintain and repair facilities and all equipment including roof /insulation/ventilation/electrical/plumbing 3 – Cleaning the Rental Rroperties Both interior and exterior including outdoor garbage facilities/pest control The decision is yours – … Continue reading “Condo Maintenance Tips, Pros, and Cons: Managing a Condominium on Your Own”

Pros & Cons of Buying a Condo Vs. a House

Posted on August 27, 2021January 10, 2022

Thinking of relocating? Looking for a place that has many choices from new to historic neighbourhoods? Why Windsor? Safety, accessibility, affordability, diversity, and fun; Windsor has something for everyone and it’s not just the proximity to Detroit that makes Windsor special.  Discover more information here:https://www.gatekey.ca/blog/top-neighbourhoods-in-windsor-ontario/https://www.retirehere.ca/ Aside from location, the type of housing is one of the most important decisions you must make. Lifestyle and cost can help determine whether a single-family house or a condo is more suitable for your … Continue reading “Pros & Cons of Buying a Condo Vs. a House”

Condos and townhouses are in demand in Windsor Essex due to the current housing market

Posted on June 25, 2021June 25, 2021

During the month of March, home sales and prices were at their peak. Sales and prices have reduced somewhat since then, but are expected to stay high through the remainder of the year, according to the Canadian Real Estate Association (CREA). Ontario’s average home price in April was $866,307, 37.6% higher than last year. The large increase in cost has prevented home hunters from purchasing the home they want because it is out of their budget. This is why May marked … Continue reading “Condos and townhouses are in demand in Windsor Essex due to the current housing market”

Hot Real Estate Market driving Condominium New Builds in Windsor Essex

Posted on April 26, 2021April 26, 2021

With the real estate market value increasing, the search for homes in Windsor Essex is hot. Particularly because our local property prices are remarkably lower compared to bigger areas, such as Toronto. With towering rates in the GTA, numerous people are looking for more affordable options. As a result, there has been a large flock of people migrating to Windsor from the province’s capital, looking to buy a house for a more reasonable price. Subsequently, the hot real estate market … Continue reading “Hot Real Estate Market driving Condominium New Builds in Windsor Essex”