The Condo Reserve Fund: What’s Left in the Tank?

Condo corporations are required to maintain a “reserve fund”.  The money held in the reserve fund account is used to fund major repairs to the condo’s common elements.  Onsite reserve fund studies are conducted every six years, with updates to the studies (without site inspection) occurring at the three year mark between the onsite studies. […]

HST Rebate on New Condo Purchase: Residence vs. Rental

HST rebates are available to purchasers of new condominiums.  If you are purchasing the unit to occupy it yourself, the rebate can be credited to you immediately on closing.  This provides an added incentive to home buyers to purchase new construction as they don’t need to pay the full tax and claim the rebate afterwards. […]

Pair of 27 storey condo towers proposed in Centretown

Mastercraft Starwood, a Toronto developer has proposed to build two 27 storey condo towers in Ottawa’s Centretown neighbourhood. The potential site is located at the corner of O’Connor and Gilmour Street. Send us an e-mail at info@ocn.myws.site if you have any specific questions about this project. Look forward to hearing from you!  

What is ‘interim occupancy’ when buying a pre construction condo?

  What is Interim Occupancy? When buying a new condo you will likely be introduced to something called “interim occupancy”. To keep it simple, you will have to move into your condo BEFORE you actually own it and so you will have to pay the builder an interim occupancy fee. Think about it like paying […]

160 George: standing the test of time

160 George is commonly referred to as “The St.George” and is considered Ottawa’s first downtown luxurious condominium. 160 George is a prime example of condominiums standing the test of time.  What makes 160 George stand out: Exceptional property management. The condo fees have been on target for the past 25 years. On average the price […]

Westboro Condominium Proposal (236 Richmond Road)

A Toronto developer has proposed to build a 9 storey condominium building at the south east corner of Richmond Road and Tweedsmuir Avenue (236 Richmond Road). The site is located in the heart of Westboro just west of the local LCBO and Real Canadian Superstore. The site’s most recent use was a used car lot. […]