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Condo News
05 February 2014
Home renovations
My wife came home and she was stood in our apartment hallway looking at
the new door trim that I was installing. I said: "Don't cry. It may look
better once I'm finished."
A condo development just for Muslims?
There is a proposed two tower plus townhouse condominium development
being planned near Highway 7 and Bathurst. More than 3,500 neighbours
have signed an online petition fighting the proposal, which is still in
the early stages.
The units will only be sold to Muslims. (For those who don't know
Toronto, north Bathurst Street has a very large Canadian-Jewish
population.)
http://bit.ly/1fNVigd
As far as the argument that this area is too good for subsidised
housing units, read the Social Engineering Section of CondoMadness and
you will find that subsided housing is being built in the lower floors
of some downtown Toronto condos.
http://bit.ly/1kPzByj
The Jewish Defense league is opposed. You can read their concerns here.
http://bit.ly/1nQLLcF
Fire at condo construction site
A church being renovated into a condo caught on fire in Toronto's
west-end. Fire is a serious danger at a construction site. Nice photos
of the firefighters at work.
http://bit.ly/1bLRHuW
Judges picking up on this
Some law firms are overcharging in class action suits. Condo corporations should have the same concerns.
http://www.torontosun.com/2014/01/31/padded-legal-fees
Another wilted Vancouver green scheme
There is no money in growing lettuce in Vancouver, even if it is GREEN.
I worry that condos will get similarly hare-brained ideas shoved down
their throats.
http://bit.ly/1d70ozY
New Year resolutions for managers
Some ideas for condo property managers to make this a good year.
http://bit.ly/1lkB6Zb
Condo election fraud
An article from the US about Preventing Election Rigging, Or Even Its
Appearance , at Annual Meetings. After what I have been hearing in the
GTA, it was enough for me to start a whole chapter on the subject. It is an
article worth reading.
http://bit.ly/1dk094z
—†—
Condo News
02 February 2014
The judge has awarded court costs in the PCC #98 vs Rui Pereira case
last Thursday. Unfortunately for Mr. Pereira, the condo corporation was
awarded full costs.
Condo owners need a better, faster way for resolving disputes with the
board rather than use the extremely expensive court system.
http://bit.ly/LpeCFx
—†—
Condo News
27 January 2014
No water in
Mississauga townhouses
A townhouse complex has had no city water for ten days and it will be
another two weeks before a rusted out water pipe gets replaced.
How are the resident's getting through this? According to City News,
not well.
I have a few thoughts on this.
1.) As long as they have electricity, they can have hot water for
cooking and washing. Bottled water is available in local stores.
2.) Far too many Canadians have developed an overpowering sense of
entitlement. They seem to expect "someone" to deliver water to their
door. (Neighbours could have gotten organized and helped the seniors in
their community. That is what neighbours are for.)
3.) If they are using expensive bottled water to flush toilets and for
washing, they're nuts. A large plastic pail should be kept in every
bathroom and filled from almost any source of water they can tap into. (In a pinch, a laundry basket will do.)
4.) Think things out. They'll have to rule out showers at home but
sponge baths and even regular baths should be no problem. Of course
they will be filling the car up with water jugs every day which is
inconvenient but not impossible. (If you have two bathtubs, one can be
used to store water.)
http://condomadness.info/living-water.html
The local coin laundries will be glad to get their business.
6.) This is where the natural leaders in this townhouse community come
to the fore and teach the others how best to get through this. A
newsletter on best practices would be so very helpful.
7.) It sure is taking the city a long time to figure out that putting
patches on a rusted piece of pipe wasn't working. Needing two more weeks
to replace the pipe seems far, far too long. The paperwork should not
take long if someone would push it through.
http://bit.ly/1aBmznh
Judge cuts legal
costs
A judge cut a condominium's claimed legal fees to less than half.
http://condomadness.info/Courts-legal_fees.html#Stefco
City to fight
appeal to OMB
City will fight an OMB appeal for a ‘ridiculous monstrosity’ condo proposal
for Lakeshore West. Planners, councillors agree too-high condos would
shadow lakefront parks
http://bit.ly/1elHqGE
Wood framed
condos
Wood construction for buildings up to six floors may be safe once built
but they can burn to the ground during construction.
http://bit.ly/1moYfrt
Jail time for
Florida condo fraud
A condo manager got a ten year sentence for his part in a conspiracy to
steal from a condo.
http://bit.ly/1dYhPIX
Ex-Virginia
governor charged with bribery
Former Virginia governor Robert McDonnell and his wife were indicted on
Tuesday and charged with accepting bribes. The sense of entitlement in
some elected officials is so strong.
http://reut.rs/1bgEN86
—†—
Condo News
25 January 2014
Public meeting
on jets at Island airport
Monday evening, the public is invited to give their views on jets at
the islands. This decision will have a big impact on the citizens of
Toronto.
http://bit.ly/1hSOZc7
Condo Study
The Department of Sociology, Anthropology, and Criminology at the
University of Windsor is conducting a two-year research study of
condominiums in New York City and in Toronto.
They would like to interview, in particular, condominium directors,
past directors, knowledgeable owners, property managers and industry
professionals.
All personal information is kept confidential.
The best way to reach them is by:
e-mail: condostudy@uwindsor.ca
or
Phone: 519-253-3000 ext. 3496 to leave a message.
They usually get back to callers in one day.
Security cameras
going too far?
A couple of owners at this Ottawa condo think the board is going too
far.
http://bit.ly/1e3peS6
Distressed condos
An excellent older thread on Urban Toronto. There are two magazine
articles and one newspaper report which are excellent. The first
article, at the start of the thread is a classic that should be read by
all condo owners.
http://bit.ly/JvUa4P
Board would like
owners to pay their fees
That might be a good idea.
http://on.ksdk.com/1enWiqM
Superheros visit
children hospitals
Nothing to do with condos but it is worth posting that at times, almost
anyone can be a superhero.
http://usat.ly/1avrpTf
—†—
Condo News
21 January 2014
More Dirt
This time an owner is not happy with the noise from trains and buses.
http://bit.ly/JT31hO
Condo owner
ordered to sell
A Brampton woman was ordered to sell her unit after only six months of
increasing violent behaviour by her and her guests.
The big lesson here is if the board has the guts to do its job and the
residents co-operate, deviant behaviour does not have to be tolerated.
I hope some boards will learn from this.
http://condomadness.info/Courts-owners_vs_boards.html#Hirsi
Updated Condo
Guide
The ministry has recently updated Ontario’s Condo Guide. The Guide is
available online and provides information to help people make informed
decisions when buying a condo. The Guide has several sections
including: rights and responsibilities for condo owners, condo basics,
and frequently asked questions.
http://www.sse.gov.on.ca/mcs/en/Pages/Condos.aspx
Is the door
knob's going to disappear?
A group in Pickering wants the province to follow Vancouver and outlaw
door knobs in all new construction.
http://bit.ly/1je9hzG
City of Toronto
News Release
City of Toronto launches congestion-reducing parking regulations
The City of Toronto together with the Toronto Police Service have
launched a series of new initiatives to improve traffic flow and
compliance with the City's parking regulations.
The two changes that will help condos are the vehicle-towing initiative
for habitual parking ticket offenders that will tow any offender who
owes three or more parking tickets and whose tickets remain outstanding
for 120 days.
A related initiative includes recent bylaw changes that provide
authority to ticket vehicles displaying expired licence plate
validation stickers.
All of these changes take effect at 12:01 a.m. on January 23.
Rats
The Flamingo Crest HOA in Nevada is being accused of ignoring a serious
rat infestation problem for years.
http://bit.ly/JUXlnu
—†—
Condo News
20 January 2014
More Dirt on a
downtown condo
A renter gives us the scoop on the Murano South at 38 Grenville. It is
not the first time we heard of these problems at this Vero Property
managed condo.
http://bit.ly/1g8JkwY
Ballot boxes
I don't know why providing a proper ballot box seems impossible for
some property managers and lawyers. I was at two condo owner meetings
lately where ballot and proxy integrity seemed to be an unknown concept.
At a requisition meeting, the property manager used a large open black
plastic bin. There was no lid. He laid the black bin on the floor by
his feet, half out of sight, and just dropped the proxies into it, one
by one as they were registered. Later, the ballots were dropped into
the same large open box.
At the requisition table, loose ballots were laying about. I protested
to the Chair and the ballot handling improved but just slightly.
At an AGM last week, the property manager used a large paper box with a
slot cut in the top. A little better but not much.
When the Chair asked the owners to place their ballots in the box, a
couple of owners demanded to know if the box was empty.
The Chair, a lawyer, said sure. He opened the box and said the only
thing in here are the proxies and a few ballots for the people who
already voted and left the room. He picked out a pile of proxies and
ballots and then waved the box around and said: "See, the box is empty"
before putting the proxies and ballots back in. Then the owners added
their ballots.
I was dumbfounded. What was next? A cream pie fight? However, the
owners seemed to be satisfied.
Clear plastic containers are both cheap and readily available almost
everywhere from Canadian Tire, department stores, book stores, grocery
stores to Grand & Toy. Why don't the managers and the lawyers buy
two; one for the proxies and one for ballots. They can fit easily in
the trunk of their cars.
Social agency
buys two condo units
Adsum, a Halifax non-profit that helps homeless women and children in
the Halifax area has bought two condo units in the suburb Clayton Park
so it can offer permanent homes to larger families.
"Our goal is to be able to offer stable housing to moms with children
who are earning low income, living in poverty, but want to live in a
neighbourhood of their choice."
http://bit.ly/1dlN5iZ
25% bank
loans—in Canada?
TD Bank charging 25.44% car loan called predatory. What can you call
condo boards charging their owners 18-24%, on an annual basis, for
fully-secured short-term debts? Usury?
http://bit.ly/1d9WNGU
New parking
ticket rules
Condos may get a break with Toronto's new parking rules that take
effect next week. A vehicle that has three outstanding tickets will get
towed.
That may help control people who parking in the Visitor spots.
http://bit.ly/KrIpwP
Swanky condo
drops lawsuit
A swanky New York condo dropped a $10 million lawsuit against Denny's
Restaurants when they found out that the cheap 24-hour diner would be
opening up an outlet in the bottom retail part of their condo.
Condo owners may find that the bottom retail units of their building
may be rented or sold to businesses they do not approve of.
http://dnain.fo/1ab5JJx
A Gang of Four
A Florida president, a manager, a supervisor and a plumbing contractor
stole $3 million in kickbacks over a three-year period.
http://bit.ly/1cEi0m9
—†—
Condo News
16 January 2014
Rescheduled AGM
YCC #340 posted a notice saying that their AGM, that was to be held
Thursday, is being re-scheduled so they can send out new proxy forms to
the owners.
You can read the reasons why here:
http://condomadness.info/proxy_form_games.html
—†—
Condo News
14 January 2014
The Toronto Police have a Fraud Chat on Twitter every Thursday evening
from 9:00
pm to 10:00 pm. For this Thursday, they are asking what fraud are we
worried about in 2014? So of course I replied.
I urge all of you to go on Twitter on Thursday evening and add your
experiences on condo fraud. The show is on Twitter at:
https://twitter.com/search?q=fraudchat&src=typd
It is important for the Toronto police to be aware that condo
fraud is a serious problem. It will help if they hear from different
owners.
What is on there on @Fraudchat about condos so far:
Cameron Field @cfieldFCU1h
#Fraudchat ~ We want 2 hear what your greatest #FraudFears are Thurs
@9PMET. Join us+spill! We'll have the answer 2 help! @kristenjrose
Condo Madness @CondoMadness132m
@cfieldFCU @kristenjrose I would like to talk to you about how condo
owners can effectively involve police in fraud cases. Not happening now
Condo Madness @CondoMadness1322s
@cfieldFCU @kristenjrose For example on board president went into
manager's computer and wiped out his $3,000 arrears off the system.
Condo Madness @CondoMadness1318s
@cfieldFCU @kristenjrose At another condo, in Nov 2013 owners found out
that president was getting $500 kickbacks from property manager.
—†—
Condo News
11 January 2014
The real Dirt
Dirt has a new review on 90 Broadview that is completely different from
the initial raving reviews writing by two real estate agents.
http://bit.ly/1bJicAn
Proxy games
A condo is having their AGM this coming Thursday. One of the owners
just noticed that there was something "funny" about the proxy form.
Funny? I had to look to see what that meant and I was surprised at what
I saw.
http://bit.ly/19YsJ0z
What CCI/ACMO
thinks is coming
CondoBusiness has an interesting article on what CCI/ACMO believe the
new Condo Act will contain when it is introduced in the spring.
a.) ACMO wants to provide the training courses that the property
managers will need.
b.) CCI believes that all condo owners will be hit with a monthly tax
to pay for a new hands-off bureaucracy: Condo Office.
c.) Condo boards will be able to spend the Reserve Funds for "green"
projects without requiring the owner's permission. (I see big
possibilities for scams if this is allowed.)
I urge everyone to read this article.
http://bit.ly/K3KQ8y
How many renters
in our condos?
Nobody knows. This CMHC study uses only MLS records to try to find out.
Many "investors" use companies, local ethnic newspapers and Internet
sites to advertise condo units for sale. A few developers have their
own rental companies that rent units. None of that data was captured in
this survey.
http://bit.ly/JECHHX
Record # of new
condos
A record 20,000 new condos in Toronto will be occupied in 2014. This
Toronto Star article gives several predictions on what the future may
bring.
http://bit.ly/1iswA8t
Olympic Village
condos have a problem
A social agency, funded by Vancouver and the province opened a new
housing apartment building for the homeless in Olympic Village and
their condo neighbours aren't too pleased.
Rain City Housing appears to be in denial. They surveyed their homeless
"clients" who are overwhelming happy with their new digs but they
didn't survey their "clients" neighbours who paid a lot of money for
their condos and are afraid to go outside after dark.
http://bit.ly/1lsZDGe
NYC condo on
market 4 years
A new New York condo has sat on the market for the last four years.
http://bit.ly/1dLub56
—†—
Condo News
06 January 2014
Fencing on top
of elevator cabs
The Ontario Ministry of Labour has given the order that all elevators
must have safety fencing on top of all the elevators in the province
and they have sent out reminders after reminders that have been ignored
by many property managers and condo boards for the last couple of
years.
Well, time's up. If you haven't done it, you may have your elevator
licences pulled.
http://condomadness.info/elevators.html
Another "Dirt"
condo review
Dirt has another condo review from an ex-renter that is quite different
from the two earlier "too good to be true" reviews for this Parkside
condo.
http://bit.ly/1cvZVee
Know your
corporation's insurance coverage
As condos lower costs to keep their common element fees low, they may
be pushing extra liability onto the individual owners. Know your
condo's insurance deductible and be sure you carry sufficient unit
insurance.
(Be sure to read the comments at the bottom of this news article.)
http://bit.ly/1cDxOLL
Getting around
"No Dogs" rules
In Canada as well as in the US, owners in "No Dogs Allowed" condos are
using medical loopholes to get around this restriction.
http://bit.ly/19da0xZ
Mediation—changed
your mind?
If you agree to a settlement and then change your mind, you may be out
of luck.
http://bit.ly/1kiRV3F
Catching
short-term rentals
American condos prevent short-term rentals by monitoring the Internet.
Interestingly, many owners don't realize that there are companies, an
individual owners who are renting units as if they were hotel rooms.
(Maybe this is why there seems to be so many strangers in the
amenities.)
http://bit.ly/1ljdLBP
Florida condo
being sued by Feds
Another US condo is being sued for failing to accommodate a disabled
woman.
http://bit.ly/1iiWxHw
A floating condo
Here is an idea for the world's rich. A condo cruise ship that sales
around the world where you own your own room and vote on your routes.
(We can only dream.)
http://aboardtheworld.com/
Volunteers required
The Ministry is looking for condo owners in Scarborough and London to
volunteer to participate in roundtable sessions. You have only 3 days,
or so, to respond.
—†—
Condo News
02 January 2014
Dumbest lawsuits
of 2013
Ten ridiculous lawsuits that show that people do not take
responsibility for their actions.
http://bit.ly/19pK02n
Recent condo
prices
330 Dixon Road, Unit #301, recently sold for $73,000, 78% of the
$94,000, listed price.
Snow removal
scams
Tips on how to negotiate snow removal contracts.
http://bit.ly/1bG3Mk5
Parking rules
Learn the parking rules before buying or renting a condo.
http://bit.ly/19KqFmU
The price of
lockers
A locker at a Richmond Hill condo went for $16,000, 100% of the listed
price. There is also a monthly maintenance fee.
Rent a storage
unit or a dumpster
A good article on the high cost of storing stuff that you probably will
never use.
http://bit.ly/18vQ7vZ
Too many cars in
townhouse complex
A common issue where owners rent out the basement and maybe a spare
bedroom.
http://bit.ly/1cB5KTZ
US condo defames
an owner
A couple of directors at a South Carolina condo passed around a leaflet
stating that one of the owners was a sex offender. He isn't and he sued.
The jury finding — $550,000 in actual damages and $340,000 in punitive
damages — was one of the highest in years in Clarendon County. Now all
the owners are on the hook for an expensive legal judgment.
http://bit.ly/1hcFDaB
—†—
Condo News
30 December 2013
Where do condo
owners stand?
Condo owners had two representatives at the Phase II stage of the
Ministry's consultations; Anne-Marie Ambert from Canadian Condo Information Centre
and Linda Pinizzotto of Condominium
Owners Association (COA).
Now that the experts report has been released, they disagree on two of
the report's major findings.
Anne-Marie supports Condo Office and the proposed $24 to $36 yearly tax
on every condo owner while Linda sees Condo Office as a waste of time
and is opposed to the new tax.
Anne-Marie thinks that condo owners will benefit from advice from the
Condo Office.
Linda says "her group receives many calls and complaints from owners,
and that the Consumer Services ministry should just work with her
non-profit group to address their concerns."
(That is a suggestion that I would not have thought of.)
I will wait until the Bill is introduced in the house before I make up
my mind on whether it will be worth condo owners supporting it or not.
In the meantime, I hope to be able to attend COA's next AGM—or
conference—so I can listen in, and perhaps participate, in the
discussions their members bring forward on the different issues that
face condo owners in Ontario.
You can read the Toronto Star article posted on 25 December at:
http://bit.ly/1dk611r
—†—
Condo News
27 December 2013
An Opportunity
to participate
The Scarborough roundtable
will be held on January 23, from 6:30PM – 9:00PM (location TBC, near
city centre).
If you are interested and available to participate in this roundtable,
you are required to complete a short survey to determine your
eligibility. There are a limited number of roundtable spots available.
Survey responses will be used to ensure that roundtables reflect the
diversity of condo owners in Ontario.
The survey must be completed by Thursday January 9, 2014 to be
considered. Only one individual per household can participate in a
roundtable. Residents who have already participated in a stage three
roundtable are ineligible to participate again.
Only individuals selected to participate in a roundtable session will
be contacted by the Ministry. If you have any questions, please email
oncondo@ontario.ca.
If you know of condo residents in your area who may be interested in
participating, please have them email oncondo@ontario.ca to express
their interest.
—†—
Condo News
23 December 2013
The Ministry of Consumer Services is looking for Scarborough and London
Ontario condo residents to take part in a Condo Act Review session.
—†—
Condo News
17 December 2013
Are all condo
amenities worth the price?
In this article, David Fleming says many of the amenities being offered
in the new condos are not worth the cost of their upkeep. I agree with
him.
http://bit.ly/18Qj4sm
Vancouver bans
the door knob
By law, new housing in Vancouver cannot use door knobs. Levers will
make it easier for the elderly. It was also make it a lot easier easier
for the household cat and for every raccoon and fox in the city.
http://bit.ly/1h3Jkla
A director can't
oppose a board resolution?
I have trouble accepting this argument when condo lawyers are selling
bylaw packages that are designed to prevent a director from being able
to run for the board after resigning for the remainder of his/her term
and for a further
two years.
Dump those bylaw provisions and I agree with what this article states.
http://bit.ly/1aN2qDY
Dog Poo DNA
coming to Toronto
DNA testing for dog poop is coming to Toronto. Which condo will be
first with this system?
http://bit.ly/1csIWFQ
More American
condo/HOA horror stories
This collection of horror stories are all good but I love the one where
out of the blue the corporation's lawyer sends all the owners a letter
saying that they will not be able to get in touch will any of their
board members because they are all in jail.
http://bit.ly/IEryqn
US cities
approve No Parking condos
Some American cities embrace new condos builds with no parking spots.
Far cheaper to build, developers love them. Benefits for condo owners?
Lower maintenance fees and future Reserve Fund costs.
There better not be any bus driver strikes.
http://bit.ly/18mnTsX
Watch out when a
man is holding a hammer
I got a laugh from this Comment that was posted under a News Story from
Texas.
Had to rebuild my mothers front
porch, she in in The Great Northwest. Due to HOA rules I had to replace
it exactly as it was before, no problem. Still while working on it an
HOA 'Investigator' arrived to measure the boards, measure the concrete
porch then foolishly started berating me as if I was the homeowner. I'm
an ex-military police officer, when I had ignored him enough he grabbed
my arm and yanked me around, I was holding a four pound engineers
hammer at the moment.
I am certain that one day he will be
able to walk on that knee again. Maybe. Police sided with me, he was
younger, bigger and assaulted me, I simply defended myself. They don't
bug my mother anymore (she is in her 80's)
Oh yes, the HOA agreed that the new
pouch was built exactly like the old one, they claimed that their man
was simply 'overly aggressive.'
http://www.kxan.com/news/local/austin/hoa-used-satellites-to-spot-violations
—†—
Condo News
13 December 2013
Owner stays, cat
stays
Peel Region condo fails to kick owner and his cat out of their home but
court orders him to behave himself.
http://bit.ly/IUT2aL
New condos—what
can go wrong
An interactive drawing that points out common problems with condominium
apartments.
http://bit.ly/1ectNOP
Citizens group
vs developer
Here is a good look a dispute between the Bloor West Village Residents
Association (BWVRA) and a developer who wants to build an 11 story
condo. They are going to the OMB.
http://bit.ly/1atG2Dx
Condo lawyer
sues his old law firm
Marko Djurdjevac successfully sued Deacon, Spears, Fedson &
Montizambert LLP, the law firm where he withdrew as a partner three
years ago.
Mr. Djurdjevac then went to Miller Thomson LLP and now works for the
Ministry of Consumer Services.
http://bit.ly/18nn80T
Wishful thinking
Are condo parking spots obsolete? I wouldn't bet on it. Builders hate
minimum parking requirements because it means they can build less units
on a given
size lot.
http://bit.ly/1bafcke
Micron Group
This Canadian fire safety equipment company thinks its future will be
developing new electronic products for condos.
http://bit.ly/1dEmFvf
Kids can't play!
The Feds lay charges
The US Federal Department of Justice is suing a Minnesota condo
corporation, the management company and the property manager for
discriminating against children.
http://1.usa.gov/1fElQCX
—†—
Condo News
09 December 2013
Who is running the place?
A first-time condo buyer wants answers to a
couple of questions but she doesn't know who the board members are. She
phones the property management company who has the manager call her
back.
He can't help her because he doesn't know who they are. He then says: I
guess we don't meet as often as we should.
Condo Act
Review—Phase III
The Ministry of Consumer Affairs is holding four round-table workshops
throughout the province to discuss the Phase II report with invited
condo owners.
Two of the four sessions are being held this week; in Mississauga on
Tuesday and Toronto on Thursday.
The ministry is planning to introduce the legislation in the
legislature sometime in the spring.
Owners—Phase IV
When the Bill is introduced, condo advocates will need to thoroughly
read the proposed changes, exchange our concerns and the lobby our
MPPs, the Minister and the opposition critics and all other interested
groups for any required amendments to the Bill.
We will need to voice our concerns at Queens Park when the Act goes to
the Parliamentary Committee.
If the amended Bill meets the needs of the condo owners, we need to
lobby our MPPs to help get it approved.
Here is a cute video on how a Bill becomes an Act.
http://ww3.tvo.org/story/civics101-animation-how-law-made
Owners—Phase V
Vote in the expected spring election.
Townhouse condo
has one win in court—two to go
A small 10 unit townhouse condo corporation in Mississauga faced three
expensive lawsuits over building deficiencies. So far one win.
http://www.condomadness.info/Courts-owner_vs_builder.html#833
The Condo Game
What the "experts" had to say about the recent CBC documentary.
http://bit.ly/I4CzAM
Toronto condo
rents look poised to fall, report shows
An article in the Globe and Mail states that a research company
believes that rents for downtown condo units are starting to fall.
Other "experts" poo-poo these findings.
Here are the highlights that I picked out of the article:
• double the number of listings on Craiglist in the last year.
• rents have dropped 1.6% over this time.
• 50% chance of over $200 a month negative cash flow.
• investors may sell, low numbers at first.
• then a flood of small, investor-owned condos on market dropping
prices.
• purchasers of pre-built units may not be able to close.
• many other developers are now offering investors rental guarantees
when they buy units in buildings that haven’t been built. At the Britt
condos, Lanterra sold 100 units to investors with a guarantee that
they’d obtain more than $3 per square foot in rent for two years, or
Lanterra will pay it
http://bit.ly/1aYXWyd
Urbanation Responds
A different research company poo-poos this projection. They say:
• Condo rents are not falling
• Demand will be able to absorb new supply
So, now you got experts to backup whatever you want to believe.
http://urbanationinc.blogspot.ca/
Trump security
guards join union
The security guards at the Toronto trump Hotel And Residences have
voted to join a union. No more: "You're fired" for them.
http://canlii.ca/en/on/onlrb/doc/2013/2013canlii76459/2013canlii76459.html
Quebec condo
project owners fed up with 'delinquent developer'
Condo owners go two years without their roads being paved. Is a
Montreal mobster involved?
http://bit.ly/1fzbXX6
Toronto as a
developer
The City of Toronto has sold a triangle piece of land on York St to
Tridel with the hope it will get a percentage of the profits. Take a
look where Tridel is going to build the tallest condo in Toronto.
If you look at Tridel's web site for 10 York you will not see that the
building is positioned on a triangular shaped lot wedged between the
Gardiner and the York Street ramp.
This is an old report but I didn't realize that the city approved this
for in return for Section 37 money and a cut of the profits.
http://bit.ly/1dtc0U8
We can't top the
Americans
Here is a story of an Arizona home owners' association president who is
being sued for fraud. He is accused of being the mastermind of ring of
thieves who used up more than $300,000 of homeowners money in just
seven months.
http://www.jrn.com/ktnv/news/191715711.html
Board members
attempt a land grab in Tennessee
Homeowners claim that their board members wiretapped and blocked e-mail
messages to prevent opposition to their stealing common lands to expand
their properties.
http://tnne.ws/192kmuz
Illinois condo
owner a vandal
A, Illinois condo owner was arrested for criminal harassment of his
neighbours. The news story tells how they got the evidence needed to
charge him.
http://bit.ly/17YpDTC
—†—
Condo
News
05 December 2013
New low price
A one bedroom condo at YCC #82 (between 500 to 599 sq ft) recently sold
for $30,000, $5,000 less than the last listed asking price.
This is the lowest price that a City of Toronto condo has sold on MLS
for some time now.
New expensive
condos raise Bloor St retail rents
At the high end of the condo market, the $900 to $1000 a square foot
condos in Yorkville have boasted the rents paid by the local retail
stores.
http://bit.ly/1axeR6Q
Greater Fool
Market update: Kevin’s condo in Abbotsford BC was worth $180,000 three
years ago and now maybe he can get $80,000. That is a 66% drop in price.
http://bit.ly/1eaojkC
Great online
price for a condo?
Can someone sell a condo online that they do not own? They may try to.
http://bit.ly/18Uf2Ni
Condo Builder
limits his liability
A big condo developer limits his liability for construction defects.
When a condo that he built sued to get out of a bylaw passed by the
builder's hand-picked board that limits the builder's liability for
construction the
condo lost.
http://bit.ly/1em4XcT
Who pays for
condo defects
A Globe & Mail video explains who pays for defects in a condo unit.
http://bit.ly/1g6eVzF
Illegal
closet gets walled in
A Calgary woman bought a condo with a great walk-in closet.
Unfortunately the previous buyer built it without the board's approval.
Now she has a $16,000 bill to pay for it to be walled in.
http://bit.ly/1fjZYN5
10
buying tips
Here are 10 buying tips from Charles Hanes.
http://www.cbc.ca/doczone/features/charles-hanes-top-ten-inside-tips
Florida
condo owners forced out
A condo corporation can be terminated if the owners, or owner, of 80%
of the units vote to do so. when real estate prices collapsed in
Florida, companies moved in, bought up 80% of the units and forced the
other owners out.
Can it happen here in Ontario? It sure can.
http://on.wtsp.com/HVEgAE
—†—
Condo
News
02 December 2013
YCC #42
At the end of November, YCC #42 replaced Mareka Property Management
with Vista Property Management.
Vista manages YCC #60 next door and since property values at YCC #60
are almost double what they are at YCC #42, (for identical units in identical buildings),
the owner-residents are hoping that Mark Cianfarani will make a big
difference in their lives.
The owner-residents need to insure that Mark Cianfarani is given all
the support he needs to make a difference.
Excerpt from our
editorial page
Rick Mercer's rant on Rob Ford explains, very clearly, that the Mayor's
popularity rests on his promises not to raise taxes. Change the word
taxes to fees and you can see why this message is extremely important
to condominium owners and it is something that the boards, the condo
industry and the ministry needs to come to terms with.
http://www.condomadness.info/editorials.html
Renter must
vacate condo townhouse
An Edmonton woman who owns two dogs must vacate the condo townhouse she
rents or face $250 a day fines. The owner was okay with her owning two
dogs but the condo board is not.
http://bit.ly/1cH1Bzd
Another fire in
condo townhouse
A fire damaged a townhouse in Vancouver on Monday. Even with all our
alarm systems and improved construction materials, fire is still a
serious threat in condos.
http://bit.ly/18DcKSO
Condo Review
Hidden rental units within a condo? That is nothing new but it is
something that condo purchasers should be made aware of when buying as
it is something most people would not expect.
http://thedirt.co/toronto/743-st-clair-ave-w
New developments
slowing down
New builds slowing down in Toronto. About time.
http://bit.ly/TcTHnT
Tiny one bedroom
in Vancouver
A developer is bringing Asian apartment sizes to a Vancouver condo.
http://bit.ly/1astV8R
Florida owner
wins permanent injunction against HOA
The owner accomplished this without an attorney while facing off
against three Orlando law firms simultaneously representing the
association.
http://bit.ly/1iJHYIS
Condo Real
estate signs
Condo A-frame ads that block sidewalks are a pain. Under city rules for
A-frame advertising, signs cannot exceed a height of one metre and must
not be located on sidewalks or a cycling lane.
So a small group of artists steal condo A-frame ads and rework them
before returning them to the street. A plywood A-frame sign costs
$200.00 so stealing and vandalizing one is a crime against privately
owned property. See what they do here.
http://bit.ly/1jtcvuP
—†—
News release
City of Toronto
27 November 2013
Adoption fees waived for black cats at City of Toronto animal shelters
for Black Friday
The City of Toronto is holding a cat adoption blitz in honour of Black
Friday from Friday, November 29 to Sunday, December 1.
Residents can go home with a kitten or cat with any black colouring,
without paying the usual $75 adoption fee (there is a $15 pet licence
fee or $7.50 for seniors).
More than 150 cats are up for adoption at the City's four animal
shelters, as well as at a number of adoption partner locations.
All cats and kittens are sterilized (spayed/neutered), micro-chipped,
vet-checked, de-wormed and vaccinated.
Approximately 210 cats and kittens were adopted during the recent Fall
in Love adoption campaign across the city. There is still an immediate
need to find homes for more than 150 cats and kittens. Black cats are
traditionally the last to find permanent homes.
If you would like to adopt a kitten or cat, visit a Toronto Animal
Services shelter in your neighbourhood. More information is available
at http://www.toronto.ca/animal_services/pet_adoption.htm.
A list of the City's adoption partners can be found at http://www.toronto.ca/animal_services/retailers.htm.
—†—
Condo
News
26 Nov 2013
Final
Stage—Condo Act Review
Here is an excerpt from the Public Policy Forum notice published on
11/26/2013.
The third and final stage of this public engagement exercise was
recently launched with a residents’ panel meeting to review the stage
two solutions report published on September 24, 2013.
The public had 45 days to provide feedback on the report, and more than
1,000 people responded with valuable comments on the proposed expert
recommendations.
Next Steps:
From
now to January 2014,
the Public Policy Forum will hold roundtable sessions across Ontario to
give condo residents and stakeholders the opportunity review and
validate the recommendations.
Following stage three, the Government of Ontario will communicate a
plan and work on legislation to modernize the Condo Act.
Invitation
only
I just found out that these sessions are going to be "By Invitation
Only".
—†—
Condo
News
24 Nov 2013
More madness
A reader informs us that a property management company is telling the
owners at one condo that they need to pass a by-law before they can
replace them with a different company.
(More details on this story would be appreciated.)
Falling glass
from the Shangri-La
Early this morning University Avenue was closed for the third time this
year due to glass falling off the Shangri-La Hotel and Residences; a
newly constructed hotel and condo complex in downtown Toronto.
http://bit.ly/1hb38TR
The Condo
Game—Christopher Hume
A Toronto Star columnist talks on our built-in bias against
urbanization.
http://bit.ly/17AFZl4
NS condos;
million dollar construction defects
“When you have a multi-residential building or condominium built that
has the windows installed upside down or inside out, there's something
wrong. That is an incompetent building.”
http://bit.ly/19iLHrF
Condominium
Owners of Nova Scotia
The NS Condominium Owners Association offers seminars for potential
condo owners. It warns them of the risks and advises buying a condo
that’s at least five years old so any construction problems will have
been discovered.
http://www.cons-online.ca/
Dog Dazed
A trailer on a CBC documentary on the battle between dog owners and
non-dog owners in our cities—and condos.
http://bit.ly/XvEIta
California
lawyer on condo/HOA issues
A series of YouTube videos on a condo lawyer's presentations about
condo issues.
http://bit.ly/17a1WHv
Lawn cutting—the
old fashion way
Time to put away noisy lawnmowers, maybe.
http://bit.ly/1ic359j
—†—
Condo
News
19 November 2013
Notable Quotes
“Every time a politician talks, he’s
out there deceiving voters.”
Dave Wilson, a white Texas Republican who has been accused of
“disgusting” dirty tricks after winning a local election against an
African-American opponent by pretending to be black in his campaign
literature.
BC Appeals Court
upholds forced sale
A BC Appeals Court upheld a lower court ruling forcing an owner to sell
her unit and move. First time a condo owner in BC was forced to sell
their home.
http://bit.ly/1b2BQMV
Condo Review
Another condo review from The Dirt. I have heard that many Cityplace
condos have issues.
http://thedirt.co/toronto/25-capreol-crt
Can a board
remove a director?
A superior court judge said yes if the by-laws have provisions to do so
and the process is a fair one. However, this decision is being appealed.
http://www.condomadness.info/court-Gordon.html
Law Offices of
J. Roger Wood, PLLC
I have added J. Roger Wood's website in my Links page in the References
section of the website but I see he has a Facebook page. It is
also well worth following.
His Arizona law firm specializes in representing condo and HOA
owners against their boards. A few of the biggest condo law firms in
Toronto will just represent the boards and will not represent owners.
Here is an example of what you will find on his Facebook page:
HOA Beef of the Day:
When A board member is too much of a coward to handle a dissenting
opinion, so she pays the HOA lawyer to send a nasty letter to the other
Board member or homeowner to try to shut them up. Oh, and then they
tack the cost of the lawyer letter onto the dissenter's ledger.
It shouldn't cost money or put a homeowner at risk for litigation just
because they ask a question about the landscape contract!
https://www.facebook.com/JRogerWoodLaw
Thief returns
the money
Police say that weeks after Josh Goshay was elected treasurer of the
HOA in the McEver Woods subdivision in Kennesaw, he began taking money.
http://bit.ly/190YHC7
The prices of
rabbit hutches
Here is the load down on the pros, cons and prices of three tiny units
in downtown Toronto.
http://bit.ly/17uDO7S
We'll fix
it—someday
A south Charlotte condo owner says his two-year-long fight with his HOA
over foundation repairs hasn’t yielded physical results
http://bit.ly/1b7ctI5
—†—
Condo
News
16 November 2013
Will the Rob
Ford scandals affect foreign buyers?
Do I think that this embarrassing ongoing fiasco will deter
international investors? Is his egregious conduct liable to bring
harm to our city?
It already has!
Charles Hanes
No Vacancy
This article from Toronto's The Grid states that the third quarter of
2013 saw over 10,000 condos put up for lease, an increase of 21% from
last year’s numbers
http://bit.ly/1fCcLI0
Condo fire
hazards
The Kelowna BC fire dept is concerned about number of condo balcony
fires that they had this year. The fires were due to balcony barbecues
and smokers. The answer—new fire codes calling for sprinklers on
apartment balconies. For existing buildings, they are hoping education
and awareness will help. I'm doing my bit.
http://bit.ly/1aBMTGV
Condo Review
Here is another condo review from The Dirt.
http://thedirt.co/toronto/30-grand-trunk-cres
Facts from TV
documentary—The Condo Game
http://bit.ly/1b4oz4M
CP24 Hot Property
The CondoMadness co-administrator had her TV on one Thursday evening
when she heard the show's host, Ann Rohmer tell a phone-in caller that
the developers hire a low-end property management company because they
don't cost so much so the elected boards replace them with better ones.
Is she talking about Brookfield Residential, Del and First Service? I
think these are the large companies that many large developers select
as a condo's first management company.
You can hear this conversation for yourself at the link below and click
on: "Hot Property Nov 7 Part 3" at the right side of your screen.
Listen carefully starting at 4:55
http://www.cp24.com/talk-shows/hot-property
Yonge St subway
closure
TCC has abandoned its plans to close part of the Yonge Street subway
for a two month period early next year.
http://bit.ly/1e8exAe
—†—
Condo
News
13 November 2013
When you have no money, it’s amazing
how many problems crop up.
Garth Turner
Condo reviews
The Dirt gives owners/renters an opportunity to rate their buildings.
Many are obvious puff pieces written by developers or directors trying
to impress potential buyers but some reviews appear to be far more
honest.
Here is a review from a renter at 43 Eglinton Ave E.
Note that downtown condo living means night-time noise. I work near
Yorkville and Avenue Rd where the night time noise never ends.
Living over restaurants and night clubs means that the delivery trucks
and garbage pickups are done after hours, late at night. Bars means
loud music, car horns and roaring motorcycle and car engines. Being
near a fire station and hospitals means sirens.
http://thedirt.co/toronto/43-eglinton-ave-e
Court Case
Buyers who walk away from their commitments when a condo bubble bursts
are on the hook for far more than just their deposit as this woman
found out.
http://bit.ly/1bfTQ2R
The Condo Game
Here is the trailer for the TV documentary about Toronto's condo boom
that will be aired on CBC, a week tomorrow, on Thursday 21 Nov at 9:00
pm.
http://bit.ly/1byyFJg
Interviews
Some of the people who are interviewed in the documentary.
http://bit.ly/1iM1DrL
The price for a
street corner
The costs of the public infrastructure on city street corner are shown
on this graphic. Not cheap.
http://bit.ly/1bcJ8Zd
Small has its
problems
Small condominiums can have big problems.
http://bit.ly/1c7CUiB
Jail time for
playing a piano?
Maybe there is hope yet for condo owners who have noisy neighbours.
http://bit.ly/1e119Od
—†—
Condo
News
08 November 2013
The Resident's
Review of Stage II Solutions Report
Here is the latest report on the Stage II "Experts" suggestions to the
Ministry on how to change the Condo Act.
http://bit.ly/1c0lf8T
New sales
dropping
This CBC news report states that new condo sales have dropped 50% over
the last two years.
However, the real estate folks state that resales are doing well. There
were 4,207 condo resales during the quarter, up 23 per cent.
I love statistics, if you look at the numbers long enough, you'll find
all kinds of interesting things.
Garth Turner reported recently in his blog that there are 40,000 real
estate salespersons in the Toronto area. So then, on the average, only
one out of ten salespersons sold a condo in the last three months.
Wow. Does anyone know how the other 90% are getting by? http://bit.ly/1cV4Kw0
Developers
offering deeper discounts
The Globe and Mail reports that Toronto condo developers are now
offering deeper discounts.
http://bit.ly/19Btb1N
Bite me—the
bedbug invasion
Bedbugs are a serious problem in some of the GTA's condo buildings. The
CBC is viewing a documentary on one of our biggest fears.
http://bit.ly/HFz1oW
Bedbug myths
Ideas on where bedbugs exist, where they hide and how to prevent
bringing them home.
http://bit.ly/1dMFJUP
A history of
high rises
This is a New York Times & NFB short four-part video on high rise
buildings. Past hopes for high rises became huge disappointments.
Part 2 & 3 explain how and why we are experiencing a boom in glass
wall condos around the world. Have be got it right this time around?
http://nyti.ms/19bbOnS
Street names
I have been building a condo data base showing the corporation numbers,
PMCs and addresses. For a long time I have noticed that the developers
and/or city planners give townhouses some pretty strange street names.
As a scan my database, my suspicions have been confirmed.
Anyway, here is may all-time favourite address.
69 Gypsy Rose Way
Toronto townhouses
—†—
Condo
News
05 November 2013
Parking spot
sells
A downtown parking spot at 33 Charles sold for $39,500. That is just
$4,500 more than what a condo apartment went for recently at 4645 Jane
Street.
BC condo
director guilty of fraud
Here is another case of an owner promising to get expensive repairs
done at discount prices so he gets elected and is given control of the
expenses.
Patrick Au was
convicted of fraud
It took a new board getting elected for the fraud to be detected.
It may be tense at that condo as the criminal will spend his two-year
term under house arrest in the condo he cheated.
http://bit.ly/1ef3nMv
Sharing home
with hotel-type visitors
Delsuites is expanding. They have now opened at 300 Front Street and
plan to open in the soon to be finished Hallmark at Yonge &
Sheppard in January.
Rates for a one bedroom at 300 Front Street is $145 a night with a
minimum 30 day visit. That works out to $4,350 a month plus taxes.
I wonder how many of the new condo buyers in these new condos realize
that their declarations allow all the owners to rent their units as
short-stay hotel rooms?
CBC Doc Zone
Charles Hanes, a successful condo salesman describes how condos became
an investment vehicle for individual landlords, speculators and
overseas investors.
http://bit.ly/19lAWsG
Keep your
receipts
If you live in a condo keep your receipts whether you pay rent or
common elements fees.
This two year old CTV television news story shows that fraud is more
common in property management companies than many people think and the
management companies don't want people to know about it.
http://bit.ly/1gmiHrt
Underfunded
Reserves
An American survey of 30,000 condos and HOAs showed that 70% had
underfunded Reserves with 30% severely underfunded.
https://twitter.com/QuickReserves/status/391175172423577601/photo/1
How to read your
financial statements
This is a 19 minute long YouTube video on how to read the bad news in a
condo's financial statements.
http://www.youtube.com/watch?v=-Pz5tkXhKMw
The website
I have changed the manner in which I load the website on the Internet
so that I have better control on the content and so I will be able to
use drop-down menus and other important features.
However, I now have to learn CSS and Dreamweaver before I can make the
planned improvements. Until I improve my skills level—and that may take
a while—some of the background photos may look a little strange.
I also had to change the site's e-mail address. It is now
contact@condomadness.info
—†—
Condo News
02 November 2013
It has been a very mild fall. We are in the start of November and the
flowers in my balcony flower boxes are still blooming although
tonight's -3 degree weather may be a killer.
Turn your clocks
back
We go back to Standard Time tonight so you can get an extra hour of
sleep.
Affordable
rental units in a waterfront condo
“Number one, who’s going to draw the
names of the 50 or 75 lucky people that are going to live on the lake?
Doug Ford
In late October 2013, Toronto’s affordable housing committee approved a
pilot project to buy 20-25% of the units in a new condo development in
the new East Bayfront neighbourhood, The approximately 71 units will
become affordable rental apartments.
Councillor Ana Bailao, chair of the affordable housing committee,
heralded the pilot project as a creative way to help address an
affordable housing shortage.
This isn’t creative as this “Upstairs-Downstairs” arrangement exists in
England and the United States and soon will be in one condo in
Vancouver.
Segregated units
City staff state that the units would be designed with a “modesty
standard” in mind. Affordable housing residents would have a separate,
plain lobby and their own amenities. The one-, two- and three-bedroom
affordable housing units are also larger than the planned condos. Rent
will be 20% less than the average market rate.
The role of the social agencies
Either the city will own the units and lease them out to a social
agency or a social agency will buy the units. Funding will come from
government grants, some money from the city and by raising $7.5 million
of their own ($500,000 down and the rest as a mortgage).
The agency will select the tenants and will manage the units.
What about the condo owners?
There have been a handful of affordable rental units included in a few
downtown condos but nothing of this size has yet has been built in
Toronto.
Will these rental units be a separate non-profit corporation that has
limited shared facilities with the condo or will the 71 units be
incorporated within the larger condominium corporation? This is an
important point.
If the social agency owns approximately 20% of a corporation’s units,
then they would have enough votes to have political control of the
corporation especially if the condo has a lot of absentee owners who
rent their units.
If the segregated rental units are a separate corporation, then that
will not be a concern.
Any potential buyers would be wise to carefully read the Declaration
and Disclosure documents before signing a sales agreement.
CBC Doc Zone
Audrey Loeb, a condo lawyer, says the present condo laws are like the
wild west for uninformed buyers.
http://bit.ly/16UpNQN
Phase II report
Here is MPP Rosario Marchese's response to the "Experts" report:
http://bit.ly/16tLHYz
Ottawa condo
sales dropping
This article from the Ottawa Citizen states that sales of new housing
in the nation's capital have dropped by 25% compared to recent years.
I found this to be interesting:
"While some, like Minto’s
Lansdowne and UpperWest projects, are selling respectably, others,
including Urbandale’s 99 Parkdale and Claridge Condos’ Icon, have sold
nothing or seen sales plummet after a initial flurry since opening
earlier this year, according to PMA’s latest new home market report.
Tega Homes’ Rhombus Tower, a
32-storey condominium proposed for Parkdale Avenue above Scott Street,
seems to have closed shop after selling no units since launching this
past May."
http://bit.ly/1bNI0gh
PMCs—true
professionals?
You have to wonder. I have been given a copy of a file showing that
over $70,000 in unpaid revenues quietly disappeared from a condo's
monthly financial reports. When the board asked about it, the property
management company could not/would not account for the losses.
It should make for interesting bedtime reading.
You gotta smile
"Young worse at maths and English than grandparents and behind "almost
every other nation'"
Headline, Telegraph, 08 October 2013
"Price of chocolate "to triple"... The price of Britain's favourite
chocolate treats could be set to soar by up to a third by Christmas..."
Headline, Telegraph website, 08 October 2013
—†—
Condo News
01 November 2013
A nice neighbourhood Twitter
account
I think that #JunctionTO, a neighbourhood twitter account is exactly
the type of social media that every neighbourhood needs.
Missing dogs, warning about shoplifters, dangerous driving at a busy
intersection, fun community events. It's a wonderful site and
CondoMadness is now following them.
https://twitter.com/@JunctionTO
No one banished from a
Quebec condo
No owner has yet been banished from a condo in Quebec. Who will be
first?
http://bit.ly/1aEljNk
The Condo Game—TV documentary
Thursday 21 November 2013
9:00 pm on CBC
The CBC will be airing a new documentary on Toronto's condo boom. It
should be worth watching as it will feature Charles Hanes, a very
knowledgable condo salesman.
http://www.cbc.ca/doczone/episodes/the-condo-game
Free university business
school workshop
Ryerson University's Chang business school is offering a free
workshop on personal budgeting. Wow! You can learn how you can pay your
condo fee increases or save up for a nice vacation to Hawaii.
http://ce-online.ryerson.ca/ce/default.aspx?id=3491
Another condo corruption case
Here is yet another case of condo corruption by a US treasurer. She's
guilty & will be sentenced in January.
http://ht.ly/qlbdT
New England Condominium
The
October 2013 issue of New England Condominium is now on the web. This
is a very interesting and well laid out monthly newsletter. http://www.condomagazines.com/
—†—
Condo
News
30 October 2013
Let's start with a couple of Toronto Star reports on a plan to add
affordable housing units within a new condo corporation.
Public housing & condos
City planners are proposing that 70 to 75 units in a new waterfront
condo development be be owned and operated by a non-profit housing
company and offer affordable rental housing for low- and modest-income
residents.
http://bit.ly/1g8Scpa
Mayor Rob Ford doesn't think that affordable housing should be built on
the waterfront but should be built somewhere else.
http://bit.ly/1dnhuwc
This proposal, if approved, will be the largest number of affordable
rental units that will be part of a Toronto residential condo
corporation.
Interesting human rights case
After agreeing on a settlement, Allan Shaw took YCC #73 and Pal/Max
Property Management Inc. back to the HRT alleging that the respondents
contravened the terms of the settlement reached between the parties. He
won a further award of $1000.
More interesting to all condo owners is that his original settlement
called for the condo directors and all Pal/Max property managers take
training courses.
http://www.condomadness.info/court_cases.html#Shaw
CBC Doc Zone
Diane Francis, an editor at the Financial Post, talks about the serious
problem of having a majority of absentee owners in condos.
http://bit.ly/1a8oyIo
Condo corruption
An Ohio bookkeeper gets five years probation for stealing $100K from
the condo she worked for. She hasn't yet paid back any of the money.
http://bit.ly/18v5FyV
Brilliant Property Management
I am compiling a list of all the property companies that I can find
that service condos in the GTA.
It is in the References section of my website and it presently contains
over 120 companies; some large, some modest and more than few tiny mom
and pop shops.
However, one new addition stands out. Brilliant Property Management
states that it specializes in working with troubled condos and can
solve almost all your problems.
They brag about their expert staff but they don't tell us their names
and they give us their contact information but left out their business
address. Brilliant.
You may find their website interesting. Be sure to check out their "BPM
Vendor" cards.
The Enhome cabinetry logo misspells "Canadian". They claim to be a
California company but I think they are a small shop in Richmond Hill
that imports most of their cabinets from China..
A discount from Tent City could be useful—I guess—if my ceiling leaks
or the air conditioning breaks down and I have to sleep on my balcony.
These guys think of everything. They're brilliant.
http://www.brilliantproperty.ca/
—†—
Condo
News
27 October 2013
Included in this issue are two warnings about buying pre-built condos.
Developer bugs out on cottage
country condos
Waterways of Muskoka, a condo development on Wellington Street across
from the Riverside Inn, went into receivership on Aug. 12, 2012 leaving
roads unpaved, condos unfinished, and a number of safety concerns
including erosion of an pit with three open foundations in it and a
home with water and mud leaking into the basement.
Earlier this summer a sign in the long grass of the development erected
by residents pleaded with the town to fix the mess left by the
developers.
On July 15 property owners were required to pay an extra $6,000 special
assessment. Residents were concerned about not being able to pay, at
which time a lien would be put against their home.
Buying a pre-built condo can be so very risky.
http://bit.ly/1cjPtbV
Rail yards & condos don't
mix
Why did they build condos between railroad yards and a river? Not only
are the residents upset with the noise, now they need to worry about
safety.
These condos, plus more to the right of this photo, are sitting between
the rail yards and rail tracks and the river.
You can see the railroad tanker cars sitting right behind these condos.
See the site on Google maps to see the the rest of the condo
developments and the rail lines close up.
http://bit.ly/1arxHjD
How is buying a condo like
buying a cake?
Toronto realtor David Fleming shows why there is no advantage to buying
a pre-build condo. http:/
http://bit.ly/HmR3LI
Ottawa's most expensive condos
Here are the five most expensive condos that are for sale in Ottawa.
Take a look at the common maintenance fees.
http://bit.ly/Hdm6tJ
New page added in corruption
chapter
RPS Property Management Services made it a regular business practice to
use the cash in their client's bank accounts to pay their employees and
business expenses. Then one client cancelled their services before RPS
had a chance to replace the missing money. The jig was up.
http://www.condomadness.info/corruption-RPS.html
—†—
Condo
News
24 October 2013
Condo Town Hall Meeting
On Wednesday evening MPP Dipika Damerla hosted a Town Hall meeting for
condo owners in her Mississauga East-Cooksville riding.
Over 100 owners attended a very informative two hour-long meeting.
Unfortunately, Tracy MacCharles, the Minister of Consumer Services was
unable to attend.
Armand Conant, a condominium lawyer who was one of the “experts” who
created the report informed the owners how the report was put together
and that he thought that it would form the basis for the changes to the
Condominium Act.
MPP Dipika Damerla told the owners that the ministry understands the
problems that they face and now is the time to look at solutions.
Condo registry
We need a condo registry as the ministry doesn’t have a database on
condos so there is little information on the condo’s that exist in
Ontario.
CCI paid $20,000 to a private company and obtained the following
information about Ontario’s condos. There are:
9,000 condos corporations
600,000 residential units
1,400,000 people live in condos
They believe that there are 3,000 property managers working in Ontario.
The cost of disputes between condo corporations and the owners are:
Mediation
$6,000 to the owner
$8,000 to the corporation
Arbitration
$12,000 to the owner
$21,000 to the corporation
The hope is that Condo Office will be a cheap alternative to these very
expensive dispute mechanisms.
The owners broke into small round table groups and discussed the
suggested solutions to improve the Act. Then there was a question and
answer period.
One concern was the ministry’s plan to levy a $12-36 dollar fee a year
per unit. Some of the owners was opposed to that fee being added to
their condo fees.
It is possible the first reading of the bill could occur in six months.
At the end of the meeting, Dipika Damerla told the owners that she
would stay late to hear from all the owners who wanted to speak with
her.
It was a very informative meeting. All Ontario MPPs that have large
numbers of condos in their ridings, should be holding similar meetings.
However, very few do.
Ottawa condo prices sliding
Ottawa's condo supply is up, incentives to buy are up and the selling
prices prices are down.
http://bit.ly/1eIxTvJ
Is renting better?
In this Globe and Mail report, a Toronto money advisor states that
there is a 33% cash flow saving between owning & renting the same
unit in the condo where he lives.
He also spotted construction defects in the parking garage that should
be a concern to the owners in this brand new building but no so much to
the renters.
http://bit.ly/1coBQES
My condo's AGM
Last Monday, my condo held its 2012–2013 AGM. There were several items
of interest.
A total of 36 units were represented in person and there was only one
proxy. Yes, that's right, just one proxy. In a building with 92 units,
only eight units are rented out. It is an owner-resident building.
The meeting was held just three months after year-end. Why? The finance
records were kept up, are in order and up-to-date which makes it easy
for the auditor to complete his audit quickly.
All condos should have their AGMs held so close to the year-end.
There are two expensive projects for this fiscal year. The indoor
swimming pool is being renovated, that will take four weeks, and all
the building's fan coils are going to be replaced.
—†—
Condo
News
23 October 2013
CBC News reported Tuesday that a man who rented out a room in his
downtown Toronto condo secretly video taped his female tenants and
posted naked videos of them on the Internet.
David Sealy is accused of filming an unsuspecting woman in the shower
and posting that video online, where a friend of the victim found it on
a pornography site. The 56-year-old had allegedly hidden cameras
similar to this one throughout his Richmond and Spadina Avenue condo.
Police say there may be more victims. He was charged with voyeurism,
mischief, and defamatory libel.
The CBC TV newscast showed a segment from a Spy Tech, a store that
sells devices that find hidden video cameras by detecting their lenses.
An employee said that they sell a couple of these $200 devices a week.
http://bit.ly/17HNVAI
—†—
Condo
News
22 October 2013
The cold weather has arrived, welcomed or not.
A director got kicked off the
board
The majority of directors at a condo on Yonge Street in Thornhill
removed a director by holding an ethics review and declaring that on
three different occasions the director violated the Directors Code of
Ethics.
That condo's bylaws has provisions to make such an removal possible. A
superior court judgment agreed that a board could remove the director
if it held a second ethics review as the first one was faulty.
The expelled director is appealing the decision.
http://www.condomadness.info/minority_directors.html
http://www.condomadness.info/bylaw_packages.html
Don't live in a condo that's
over a gym
Vancouver residents who live in units above a gym that is in a lower
commercial unit are upset over constant noise issues.
http://bit.ly/1fPh59c
CondoMadness responds to
Stage II—Condo Act Review
I have wrote a ten page response the the Stage II Experts report. I
found a few things that the "experts" are suggesting that I believe
will act against condo owners interests and a few items that the
"experts" overlooked.
If you send me your e-mail address, I will send you the ten-page .doc
file.
contact@condomadness.info
New building, no assessments
for 15 years. Wrong!
A four year-old condo in Winnipeg has water leaking into parking garage
and a $1.2million repair job.
"I think it's absolutely disgusting that nobody -- the developer, the
architect, the builder -- nobody wants to take responsibility," said
Kipnes, who co-owns Karma Developments, another local condominium
development firm.
The leaky parkade is one of a number of defects and deficiencies cited
in the statement of claim. Others include missing styrofoam insulation
in portions of the roof and walls, improperly installed air
conditioners in the parkade and stairwell and improper ventilation in
the stairwell and mechanical rooms.
The builders and their contractors are saying—Don't blame us.
http://bit.ly/16wnEIm
Corruption chapter updates
I have been adding more pages on condo corruption on the website. All
of these incidents show the need for the board to check their original
bank statements monthly and for the treasurer to have a REAL role in
monitoring the corporation's finances.
The pages from RPS Resource Property Services to Kandiah Sivaneswaran
are recent postings.
http://www.condomadness.info/contents-corruption.html
Volunteers are helping their
condo
A submission from a regular reader:
Hello,
I wanted to let you know that the owners at YCC #42 (320-340 Dixon
Road) have been painting the vandalized walls of the hallways on each
of the residential floors of 330 Dixon Road. We started with the 27th
floor and have reached the 15th, averaging 3 floors per week.
Since the labour is volunteer, the YCC #42 only has to pay for the
paint supplies and it looks to be under $3000 for the whole building.
Vero Management, our previous property management company, used to pay
some subcontractor $65.50/hr to paint, plaster and waste time. Note
that in this country there is no license or trade certification to be a
painter - so why would anyone pay someone $65.50/hr +HST to paint?
I encourage you to pass this along to other owners - let them know they
don't have to let their Property managers force them to pay painters
anything over $25/hr+HST, or they should be able to volunteer and do
the work themselves.
I an a Controller of 6 CCPCs by trade, so I do the painting for fun and
the lowering of everyone's fees - we estimate the savings to be over
$200,000 in painting all hallway walls from all 63 residential floors
from all three buildings.
Have a great weekend
Thanks and keep up the great work
John Beechy, B.A.
—†—
Condo
News
19 October 2013
Recent prices
A locker at a condo tower at 70 Absolute Avenue in Mississauga sold for
$1,499.00 while a parking spot at 1 King West in Toronto with Valet
parking sold for $43,000 plus $82 a month in fees.
Smoke-Free Condos:
How
We Restricted Smoking Inside Condominium Association Units and Declared
Secondhand Smoke a Nuisance
Here is the latest book by Dr. Joyce Starr, a Florida condo activist.
She managed to make her condo corporation smoke free and her book was
written to help you do the same.
At $18.51 it is pricey for an 82 page paperback. Unfortunately there
isn't a Kindle version. However, if second-hand smoke is killing you,
or you have another issue you want dealt with, this may be just what
the doctor ordered.
http://amzn.to/19LPHRl
Waiting court decision
A condo board in Surrey BC is waiting for a court decision to see if an
owner will have to sell her unit due to 1,100 complaints over the last
six years about excessive noise, water throwing, spitting and verbal
abuse.
http://bit.ly/1cEAA0w
Development charges = higher
condo prices
Toronto council approved changes to the development charges the City
collects from new construction to pay for a portion of growth-related
capital costs.
The new development charges bylaw will take effect on November 1. Under
the new bylaw, rates will be increased over two years by about 75 per
cent for residential development by 25 per cent for non-residential
development beginning February 1, 2014.
More condo madness
At at least one condo in downtown Toronto, an owner who is suffering
from noise problems from his neighbours has to deal with the property
manager.
When he asks to talk to the directors, or says he wants to send them an
e-mail, he is told it is not allowed. The manager will not even divulge
their names as that is private information.
—†—
Condo
News
16 October 2013
I hope everyone enjoyed Thanksgiving, Now it will be hot turkey
sandwiches for the rest of the week.
Property managers now face
fines
Connecticut condo laws now have some teeth. Starting on October 01, all
property managers and property managers need to be licenced, take
training courses and pass exams.
The second law, passed this year, allows consumer protection officials
to take action against property managers who knowingly violate state
condo laws. Will Ontario be next?
http://bit.ly/1cF6AUU
Rich & famous
The rich have different problems. Only in New York would you be looked
down at for owning a $2 million condo in a building where Joan Rivers
is the president who describes herself as the “scary lady upstairs”?
The condo now faces $15M lawsuit.
http://bit.ly/19j4UgB
You can watch Ms. Rivers as condo president "charm" the next door
doorman near the end of the video clip that's at the bottom of the page.
http://nydn.us/GNuHmY
Owners are not always right
CondoMadness usually sides with the owner who is battling with his or
her board. But not always. In this case it appears that the owners
didn't think the rules applied to them. Throwing snow off their 7th
floor balcony? Storing a kayak on the balcony and storing skis and
bicycles in the parking garage? Refusing access to their unit to change
an energy meter? No wonder they were taken to court.
canlii.ca/t/g0x7z
Right to peaceful enjoyment
vs human rights
Ottawa condo stacked townhouse tenants with autistic son face possible
eviction due to excessive noise.
Are the condo owners failing to make reasonable accommodations? Is the
constant noise violating their neighbour's rights to quiet enjoyment of
their units? Whose rights will be considered more important in law?
http://bit.ly/1cbHjia
http://bit.ly/1asVU6Q
http://bit.ly/1gcMvrn
Nathan's Company Meetings
Nathan's Company Meetings For Share Capital and Non-Share Capital
Corporations 10th edition is ready to order at a breath-taking $159.00.
(plus tax and shipping.) It's not cheap.
This is an essential guide to understanding the rules used by most
lawyers and property managers when they chair condo board meetings and
owner meetings.
Should an owner buy a copy? No; but every condo board should have a
copy so they can properly run their board meetings and the condo
owner's information meetings.
An individual owner would get little practical use from owning a copy
and should review this book, if the need arises, at their local library.
Publication date: 25 November 2013
Item
# 9B91
List Price:
$159.00
Pre-Publication Price $135.00
save 15% when you order before 11 November 2013
Call: 1-800-268-4522
Election thuggery close to
home
Election intimidation is not limited to the third world as far too many
condo owners know far too well. Now we are hearing about intimidation
in the municipal elections in Quebec.
There's money & jobs at stake, so some people pay dirty.
http://bit.ly/17Bbdrc
Website
We—I say we now because I am fortunate to have a co-administrator
working with me—have been struggling to make CondoMadness easier to
navigate. We have made some progress with a new Home page and some
changes to the main Contents page.
The old "News and Updates" page has been replaced with "Condo News",
which is mainly an online version of our e-mails.
We are also constantly working to improve our Twitter page which is
great at getting out "instant" messages on condo issues.
Please continue to send us your suggestions.
—†—
CondoNation—it is a mad world
13 October 2013
The Poor Door explained
A Manhattan developer is seeking millions in air rights and tax breaks
for building 55 low-income units at 40 Riverside Boulevard, but the
company is sequestering the cash-poor tenants who make the lucrative
incentives possible.
Five floors of affordable housing will face away from the Hudson River
and have a separate entrance (facing an alleyway), elevator and
maintenance company, while 219 market-rate condominiums will overlook
the waterfront.
As one New York news agency states:
According to the plan, “The affordable units will be on floors two
through six in a ‘building segment’ which contains only the affordable
units and has its own entrance as required by the Zoning Resolution.”
The "building segment" means that Extell considers those units to be
legally separate from the rest of the building (even though it's
attached). In many of these kinds of cases, a non-for-profit
organization will be brought in to run it, which means they are legally
expected to have their own super, social worker, and entrances.
http://bit.ly/1cy3zpk
http://bit.ly/19rI2uf
The same rich man-poor man condo developments are built in London
England. Taking advantage of tax incentives and the ability to get
exceptions in building density requirements are creating condos where
the same building contains very expensive condos with segregated
"affordable" rental units (80% of average rents) for very few of the
less well-off.
We are starting to see the same sort of segregation of "rich" and
"poor" in the few condos in Toronto that are taking advantage of
Section 37(i & j) provisions. Not so nice to see that Toronto is
becoming "world-class".
http://www.condomadness.info/affordable_condos.html
http://www.condomadness.info/affordable_rents.html
Empty condos
A number of very expensive condos in Vancouver, Toronto, New York and
in Asia are sitting empty. This article describes why.
http://nyti.ms/1cfJ6CS
PMC keeps bad records—condo
owners pay the price
PCC 22, a Mississauga condo towner, had a requisition meeting late last
year that was successful in removing the complete board of directors.
It was a bitter political struggle for control of the corporation.
The management company (DPC Property Management) incorrectly rejected a
number of proxies at the meeting saying that the units were in arrears.
There was a challenge to the chair and the proxies were then allowed.
This resulted in an owner taking the corporation to court in a failed
attempt to overturn the results of the election and the return the old
board.
The defence cost the corporation (the owners) almost $46,000 in legal
fees. The judge refused the condo its costs because the corporation's
records, that were in possession of the property management company,
were in such a mess, it resulted in the applicant having reason to
challenge the election results.
Part of the judgement states:
"The corporation is distinct from its Board of Directors and its
management company, yet it cannot escape responsibility for their
actions and failures. In this case the failure to maintain proper
records must be laid at the feet of the corporation."
So, if your property management company and or board either by
mismanagement or by design, mismanages your corporation's records, it
could cost the condo dearly.
http://canlii.ca/en/on/onsc/doc/2013/2013onsc6265/2013onsc6265.html
Planet Toronto
An interesting short video about the buildings and traffic in downtown
Toronto. I added it just for your pleasure.
http://vimeo.com/53072482
—†—
Condo news
09 October 2013
The latest condo news from CondoMadness.
Good management—good
investment
Two identical condo towers sitting side by side, but with different
boards, can start off the same but result in much different selling
prices some years down the road. A dramatic example of this is on Dixon
Road.
YCC #42 and YCC #60 are identical condo complexes that sit side by
side. Sometime in the 1980's, a number of YCC #42 boards started a
series of poor decisions that made a big impact on the value of the
units. Latest selling prices for the two condos:
YCC #42 $47,000—$ 60,000
YCC #60 $125,000—$135,000
These results, although not so dramatic, can be made in many condo
clusters. So owners, stay involved and know what is going on in your
condo building and neighbourhood.
How to stop strife in condos
I was never impressed with Mark Weisleder columns in the Toronto Star.
the information always seemed too light to be useful. His latest
article follows the same pattern. He suggests that fighting over
control of a condo board is destructive. So far so good.
So what are his solutions? He wants everyone to become informed and act
rationally. See; he gives light and breezy suggestions that are useless
in the real world where people are motivated by money, power, jobs and
ego.
I just can't forget Mr. Weisleder's column praising the great work
Monzoor Khan and Channel Property Management was doing saving troubled
condos by arranging multi-million dollar loans. That article was
published the month before Manzoor fled the country with between $22-25
million that he stole from the condos he managed.
Here is his column. See if you can find anything of use in it. If you
do, please let me know.
http://bit.ly/GCuPEY
Clear Spirit
Here are a couple reviews of one Toronto condo.
70 Distillery Lane
Distillery District - Toronto
http://bit.ly/GKuIIg
More pressure on Tarion
MPPs from all parties want a "value for money" audit on Tarion's
operations.
http://bit.ly/13ktoPi
So many American horror
stories
HOAs and condos down south have a terrible reputation for harassing
homeowners. here is another unbelievable tale from the land of the brave
and the free.
http://bit.ly/GNIs4k
Glass class lawsuits
Superior court has certified class action suits against the developers,
builders and contractors of three downtown condos that had glass fall
off the buildings
http://bit.ly/GNW00t
Survey
Please send the ministry your opinions on the "experts" report on
changes to the Condo Act.
Online survey
E-mail: oncondo@ontario.ca
By mail:
ONCONDO
Ministry of Consumer Services
5th Floor
777 Bay Street, Toronto ON M7A 2J3
—†—
Condo
News
04 Oct 2013
Residential High-rise Fire
safety & emergency planning seminars
Toronto Fire Services is offering a series of 1/2 day condo fire safety
courses condo owners, managers and superintendents. Cost $50.00.
Details below.
http://bit.ly/15UKPOx
Bicycle lanes on Yonge
Cycle Toronto, a bicycle lobby group is pushing to have bike lanes on
Yonge Street. That means less lanes for cars. Presently the city is
planning to reduce Eglinton to two lanes for vehicles so they can add
two bike lanes and wider sidewalks.
How does that affect condo owners? Far less parking spots in new condo
developments for one. Longer commutes if you drive to work for another.
Better biking for the enthusiasts.
http://www.condomadness.info/bicycles.html
http://bit.ly/YYztWC
http://bit.ly/11zV33e
Shutting down the Yonge St
subway
The TTC is set to shut down the Yonge subway line between St. Clair and
Eglinton sometime early next year for up to two months. They need to
replace track between these stations which means no subway service.
Instead, riders will have to use shuttle buses to take them back and
forth between the two stations.
TTC CEO Andy Byford says officials are still in the planning stages as
they look for the best possible solution to ease the impact on
commuters.
There are hundreds of thousands of condo owners all the way from
Newmarket down to St. Clair that use this subway line every day. Twenty
thousand riders per hour use the Finch station during the weekday
rush hours.
My advice to commuters; when the this closure happens, ride the subway
down to Sheppard and then take the #84 bus to the Downsview station and
ride that subway downtown.
Want a "free" car?
Free cars, shopping sprees, Apple gift cards,; WOW. All you gotta do is
buy a condo.
http://bit.ly/1bx0AxJ
Condo Special Information
Meeting
Ontario MPPs receive a lot of requests for help from condo owners in
their ridings and Mississauga East MPP Dipika Damerla is no exception.
However, she is unusual in the amount of support she gives to the condo
constituents.
On Thursday evening, 03 October 2013, Dipika held a two-hour long Condo
Special Information Meeting for condo owners and residents. Gerry
Hyman, a noted condo lawyer and columnist for the Toronto Star answered
questions about condominium legal issues.
The turnout was far higher than was expected so the location had to be
moved to accommodate everyone.
Gerry listed the different steps that the owners could take if they
have a dispute with their board. However, he stated, that if the board
does not act properly, the owners are in a bad position.
Most of the owners' questions dealt with disputes with the boards
and the managers. The questions were read out and Gerry answered them
fully and clearly.
The meeting ended with a discussion on the owner's rights to talk to
their neighbours and solicit proxies.
At this very informative meeting, Dipika and Gerry received applause
from the appreciative owners.
—†—
Condo
News
02 Oct 2013
Enforcing "single-family"
unit status
Here is a Superior Court ruling that makes it clear that a condo can
enforce the single-family provisions in the declaration and also
explains how. So, lets be clear. If a board will not deal with
overcrowding, it is not because they can't; its because they don't want
to.
http://bit.ly/1bjKtAf
Grow-ups a problem?
Maybe this grow-op is in a residential house but not in a residential
condo unit. Any good condo lawyer worth their salt should be able to
them the heave-ho.
http://bit.ly/1fezydr
Insurance industry take on
the Expert's Report
They like the idea of property managers and companies being better
insured.
http://bit.ly/1g1N7xk
YCC #42 election results
In a big upset last Thursday, Sandy Gosal—a first time
candidate—defeated Ataul Malick, the sitting board president by only
four votes.
The election was during 320-340 Dixon Road's first AGM in over seven
years as the corporation was under control of a court appointed
administrator for six years.
It was a long nasty election campaign filled with insults, smear
tactics and last-minute political horse trading: the trading of proxies
for what exactly? The owners can only speculate.
A total of 135 proxies were discounted by the chair for irregularities
of which 75 proxies were discounted because one candidate's name was
crossed out and replaced by another. Some of this was done during
registration by a sitting director right in front of the
scrutineers.The rejected proxies was over a third of the total vote.
(Voting irregularities of this magnitude, with such crude boldness,
shows just how outrageous some condo elections really are.)
October a big month for my
condo
1.) They are turning the air conditioning off and turning on the heat
at the end of the week.
2.) They are scheduling the bi-annual (spring & autumn) fan coil
maintenance & filter change.
3.) They are closing the pool for a month for major renovations.
4.) We have our AGM on the 21st. It will the first one since I moved in.
What is interesting is that they hold it a mere
three months after
the year end, not six months or more.
A sign of good record keeping I suppose.
5.) Annual tree & shrub trimming.
What is more, we got lots of notice. No last minute surprises or
rushing around.
—†—
Condo
News
29 September 2013
Condo news is never boring.
Marchese's response
MPP Rosario Marchese has poured cold water over the ministry's Phase II
"Experts Report" by spotting several of the reports recommendations
that favour ACMO and the lawyers over the condo owners. Well worth
reading.
http://bit.ly/15zLQq3
Also take a look at Condo Owners respond to see other opinions:
http://www.condomadness.info/Act-Phase2-responses.html
This turkey is ready: bring
on Thanksgiving
The Trump Tower and Residences has been getting a lot of bad press and
here comes a response from the hotel saying everything is just fine.
The article states:
More than half the 118 residential condos in the 65-storey luxury
project at Bay and Adelaide Sts. have yet to sell. And buyers of more
than 200 of its 261 condo-hotel suites haven’t finalized their deals.
Thirty-eight have launched a more than $40 million lawsuit claiming
they were victims of “an investment scheme and conspiracy.”
Last week a Toronto realtor tried to auction off his 950-square foot
hotel suite after seeing about a dozen of the units languish on the
Multiple Listing Service. He was offered $550,000 — a third of the $1.6
million Talon is now asking for a similar suite.
But Trump Toronto is doing just fine, insists Labatte, the project's
manager , compared to all the other luxury hotels that have opened here
the last few years, among them the Four Seasons in Yorkville and the
downtown Shangri-La and Ritz-Carlton.
Of course, he won't lie to us, would he?
http://bit.ly/15YvkmU
I don't buy it
If the developers in downtown Toronto were to offer a parking spot with
every condo unit, they could not built such tall condo buildings
containing so many bachelor and one-bedroom units. So they sell parking
spots separately from the units, charge any where rom $30,000 to
$80,000 extra, refuse buyers of the smaller and cheaper units the
opportunity to buy a spot and then say that modern-day buyers do not
want sparking spots.
Sure. New condo buyers want to ride bicycles in the winer months, pay
to rent shared cars and love the TTC. For one, I don't buy it.
Bike lane on Yonge?
Tighten your seat belts. If condos without parking spots seems a little
strange, you haven't heard the latest. The sandal wearing, pinko
bicycle riders want to turn one of the lanes on Yonge Street, all the
way from Sheppard Ave to Lake Ontario, into a bicycle lane.
Whats more, they are using the increase in the number of condos being
built along Yonge as one of the reasons bike lanes are needed.
I plan to attend this public meeting to see exactly what's on their
mind.
Have a great week and enjoy the great warm weather.
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