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From the Blog

So you just bought a new Condominium?

Purchase of a New Construction Condominium:   If you’re from the Greater Toronto Area, or the surrounding suburbs, you have no doubt noticed the influx of new condominium projects popping up on every corner.  Buying a condominium is completely different than buying another type of property.  Buying a new condominium has its own considerations.  If you have decided to purchase a brand new condominium, either for yourself, a family member, or for investments purposes there … [Read More...]

Interim Occupancy Fees for Condominiums

What are Interim Occupancy Fees When you purchase a pre-construction condominium from a developer, there is a period of time between when you take possession of the unit and when you take final ownership of the unit.  This is known as the “occupancy period” or “interim occupancy”.  During this period you will be requested by the developer to pay occupancy fees also known as “phantom rent”. The Condominium Act requires condominium developments to be constructed to a … [Read More...]

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