August 6, 2019 - Several clarifications are requested with respect to the draft regulation on co-ownership insurance. Tabled on July 17, its content raises questions expressed by the Damage Insurance Chamber (Chambre de l'assurance de dommages (ChAD)), the Insurance Bureau of Canada (IBC) and the Québec Co-owners and Manager Association (Regroupement des gestionnaires et copropriétaires du Québec (RGCQ)).
September 4, 2019 - Yves Joli-Coeur, lawyer emeritus and Secretary General of the RGCQ, gave two interviews yesterday on both the radio and television channels of Radio-Canada. The subject on the agenda was Bill 16, which aims to reform co-ownership law in Quebec.
July 25, 2019 - The transactions in co-ownership are not simple. They require unfailing rigour, because the devil is in the details. A notary who executed the sale of a condo (in 2018) learned this at his own expense in the Court of Québec - Small Claims Division, because of a professional misconduct he committed by not referring to the declaration of co-ownership.
July 23, 2019 - Pierre G. Champagne, lawyer and partner at the de Grandpré Joli-Coeur law firm, was interviewed by Marika Wheeler from CBC Radio on the proposed draft Regulation published on July 17, 2019. This Regulation would require syndicates to create an self-insurance fund for their co-ownership, in addition to the contingency fund. The self-insurance fund will be created to cover the highest deductible of the insurance policy of the syndicate.
July 20, 2019 - Quebec co-owners are concerned since the announcement of a draft regulation that will require syndicates of co-owners to create a self-insurance fund. However, it should be noted that contrary to what has been reported by some news sources, once adopted, this regulation will only come into force 24 months later.
July 17, 2019 - The new law on co-ownership insurance took another step forward on July 17th with the publication of a draft regulation that will be open for comment for 45 days. The Minister of Finance may subsequently publish it, with or without modifications, considering the comments received.
July 16, 2019 - The peak of moving in and moving out is now behind us, even though relocations to other addresses are not yet complete in Quebec. For example, many people will move into a co-ownership as lessees. It therefore seems appropriate to recall certain elementary rules to be observed, in order to avoid problems that have no reason to be.
July 11, 2019 – There are many problems with elevators in Ontario co-ownerships. One of the main concerns they generate is logistical, due to a shortage of elevator technicians in this province. Moreover, it is very common for service calls to require a delay before someone can come to make the required repairs.
June 27, 2019 – Toronto and Vancouver are the two worst cities, in the country, in terms of affordability of property. Despite the threshold of housing affordability having improved significantly in Toronto, in 2018, it remains higher than ever. Vancouver is no exception, where the affordability crisis also persists in this region. This is reflected in RBC's recent report Housing Trends and Affordability.
‘’Severe affordability issues remain a major obstacle for all but the wealthiest in Vancouver, Toronto and Victoria’’, says this report. In Toronto, the overall RBC measure was 66% in the first quarter of 2018. This measure expresses a proportion of a household's income. Its decrease indicates an increase in the affordability of property. Prices are beginning to rise "moderately" in Toronto, however, "RBC sees little prospect of significant improvement in the near term’’.
June 26, 2019 – Emeritus Lawyer and secretary general of the RGCQ, Yves Joli-Coeur, was in attendance (for a second time in two weeks) at the 98.5 FM radio station, where host Isabelle Maréchal was waiting for him.
Last week, this lawyer was asked to comment on a regulatory modernization project submitted by the Ministère du Tourisme du Québec, which wants to better regulate short-term Airbnb-type leasing. This week, he spoke to the audience listening to a an issue related to the co-owner’s liability insurance.