If you decide you want to purchase a resale condominium unit, you need to understand what a Status Certificate is. The Status Certificate provides an in-depth overview of a condominium corporation, include financial statements, policies, rules, management, maintenance fees, legal circumstances, common areas and individual condo units.  Most offers to purchase a condo unit are made conditional upon the buyer’s lawyer’s review of the Status Certificate. The Reserve Fund is... [read more]

There are many advantages to living in a condo: -Condominiums are a more affordable housing option to freehold ownership, whether you are planning to live in the condo yourself or use it as an investment and rent it out. -There is no grass to cut and no snow to shovel, leaving you more time for travel and other fun pursuits. -Access to the building and underground parking is restricted to residents with key fobs, which provides a layer of security. -Being able to take an elevator means... [read more]