Our Blog

With Home Prices Going Down and Rent Prices Going up in 2022, is it better to Buy or Rent a Condo?

Some homebuyers are seeing appraisals come in lower than their purchase price. Average prices for homes have been trending down over the past few months. In May, the average home price was $711,316 – a 4.6% drop from April and a nearly 13% drop from February. Ontario home prices could drop up to 18%. Appraisers consider several factors when calculating the value of a home – the home’s construction cost, size, features and previous selling price. Other factors include higher

Read More »

REAL ESTATE TRENDS

In the first two months of 2022, the average monthly price for a home had risen $129,043.  With interest rates rising, will it slow rising prices? Most buyers are out-of-town investors who are driving the market making housing become a commodity. OUT OF TOWN INVESTORS Where are the out-of -town investors coming from? The largest source is the Greater Toronto area, but there’s also interest from Vancouver and Montreal.  Windsor’s housing market has become so hot that out of town

Read More »

CONDO SPRING MAINTENANCE

It’s that time of year again…spring cleaning! In most condominiums, this maintenance will fall under the owner’s responsibility: INSIDE Change the batteries on all smoke detectors, including carbon monoxide detectors. Change your HVAC filter Clean your dryer vent at least once a year Clean your exhaust fan filter under your range hood Check your water heater for any signs of corrosion, and have it repaired if necessary Look for any signs of leaks under sinks and around toilets. OUTSIDE Maintenance

Read More »

Is your condo eco friendly? Looking for an eco-friendly condo?

One sure way to know if a building is eco-friendly is whether or not it’s received: LEED CERTIFICATION (Leadership in Energy and Environmental Design). LEED addresses climate change and provides a framework for healthy, resource-efficient, and cost-saving green buildings.  LEED buildings involve: Innovation-novel features and procedures Materials and resources-responsible construction waste mgt and sustainable sourcing of materials Sustainable sites-sufficient green open space and light pollution reduction Indoor Environmental quality-use of natural light and efficient air conditioning Location and transportation-land protection and access

Read More »

Common Complaints from Condo Owners

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

Read More »

Housing Prices and Development

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

Read More »