Open The Floodgates!

There's a reason why this saying has become commonplace in today's society, and when it comes to a legal precedent, all it takes is one summary judgment that breaks new ground before the flood of subsequent legal proceedings follow. When it comes to...

Assign From God!

Yes, you read that correctly.  And yes, it was a really bad play on words.  Well, I guess now I know what it feels like to be the headline writer for the Toronto Sun... We rarely talk about "condo assignments"...

The “Occupancy Phase”

So you purchased a pre-construction condo in 2010, and now the condo is "ready." Ready?  You mean "finished?"  Oh no, no.  It's not even close to being finished. But your own individual unit is finished, and now the developer gives...

CBC Doc Zone: “The Condo Game”

I don't want this to come off as shameless self-promotion, but I do want to inform everybody of the CBC's documentary on Toronto condominiums that is airing on Thursday night at 9:00pm. It's not a "condo bashing" piece, but it's...

“You Don’t Own A Condo”

That's what I keep telling people who have purchased in pre-construction, with a 2016 closing date, who come to me looking to sell their "condo." You don't own a condo.  It's that simple.  You own a piece of paper, which...

Condominium Financing

No, I'm not referring to how you finance your own individual condo unit. I'm talking about how a developer finances the entire development project, how they get their money, who they get it from, what has to happen, and basically...

Reading The Condo-Contract

"This looks NOTHING like what I thought I was getting!  The model suite was beautiful!" Let's have a look at common questions and frustrations, and the contract clauses that make the objections moot... (more…)

Asset Or Liability?

There's a big, big difference, and in fact, one is supposed to be the opposite of the other. But tell that to the people who owe condo developers tens of thousands of dollars... (more…)

6%

That's the commission being offered to cooperating agents at developments like Post House Condos. Let's discuss the "merits" of paying agents 240% of their normal rate all in the name of selling a hole in the ground... (more…)

Time For A Refund?

I've received this phone call a dozen times so far this year: "I bought a pre-construction condo two years ago, and I'm worried I'm not going to make money when I close." Realization is a good first step.  Second: ask for a...

Illiquid Assets

Here's a new way of looking at pre-construction condominiums, which continue to be shown in a negative light. The best assets are those that are liquid, yet a pre-construction condo purchase is one of the most immovable assets there are......