In Toronto, as part of the Ontario Condo Act, condo buyers have access to a Status Certificate. It is put together by the condo board with updated information about the building. Most notably, this document provides information about the building’s financial status. If you’re going to financially invest in a condo, don’t you want to know everything you can about what you’re putting your money into? Of course you do! So yes, order and read the Status Certificate. What is ..

Kitec Plumbing is a very contentious issue for condo buyers and owners. You might have heard about the issue of Kitec Plumbing, but aren't sure about the details. If you own a Toronto condo or are considering buying one, please take a moment to learn more about the problem.Background: Originally an alternative to copper pipes, Kitec plumbing is made from polyethylene and aluminum. It was used in the construction of townhomes and condo apartments between 1995-2007. Problem: It..

Assignment Sales ExplainedYou might have heard about Assignment Sales in regards to pre-construction condos in Toronto. Or, you might be thinking about buying an assignment property.What is an Assignment Sale?An assignment sale is when an intended buyer of a property (The Assignor) sells their purchase rights to a new buyer (The Assignee). They are actually selling their contract with the builder or property owner before they ever take possession. Therefore, they “assign” the..