CONDOBUSINESS

CondoBusinessSept2018

Message from our Editor:

CondoBusiness cuts through industry acronyms and jargon to provide educational content that is just as valuable to a volunteer board director confronting people, pet and parking issues for the first time as it is to a veteran property manager helping clients navigate changes to Ontario’s condo laws.

 MichelleMichelle Ervin, Editor - CondoBusiness

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Group Publisher: Sean Foley
416-512-8186 ext. 225
seanf@mediaedge.ca

Higher Winter Maintenance Costs Anticipated Tuesday, 06 November 2018 20:03

Higher Winter Maintenance Costs Anticipated

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Private property owners in Ontario, including condo corporations, could find themselves paying a premium to keep their walkways safe this winter. Rock salt is expected to be less available locally and cost more to source after flooding and a strike hampered output at two out of three major mines, according to Landscape Ontario, a trades association whose members include snow contractors. 

There’s a new point person on the condo file in Ontario’s Progressive Conservative government after a cabinet shuffle yesterday. Premier Doug Ford has moved Todd Smith to the economic development, job creation and trade portfolio and named Bill Walker, MPP for Bruce-Grey-Owen Sound, as the new minister of government and consumer services. 

Some condo managers who want to renew their licences next year will have to pass a multiple-choice test to demonstrate their knowledge of new legislation regulating the profession as well as recent changes to Ontario’s condo laws. 

Mortgage Financing Stress Test Makes the Grade Tuesday, 06 November 2018 18:37

Mortgage Financing Stress Test Makes the Grade

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Worrisome harbingers of borrower instability have faded somewhat since a mortgage financing stress test went into effect, Canada’s financial monitor reports. 

Sales of single-detached homes priced from $1-2 million have fallen 35 per cent year-over-year in Toronto and Vancouver, according to the 2018 RE/MAX Spotlight on Luxury Report. 

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