August 24, 2017 --- After enacting the Condominium Owners Protection Act in December 2015, Ontario recently announced an important guideline deriving therefrom. Effective November 1, 2017, all condominium (co-ownership) managers will have 90 days to apply for a license under the Condominium Management Services Act.
July 20, 2016 - The contingency fund is an essential kitty for any co-ownership. The recent misadventure of a group of co-owners in Kelowna, British Columbia, reminds us that it could be used well before the common portions reach the end of their life expectancy.
The said co-owners association had to spend $ 225,000, prematurely on account of substantial damage to its building facades caused by woodpeckers (maybe the offspring of the infamous Woodywoodpecker ). These birds have literally eaten away all the outer cladding.
July 12, 2016 - A new university co-ownership management program is born. It will be given at the Centre de perfectionnement de l’École des sciences de la gestion (ESG UQUAM) (Development center of the Management Sciences School ESG UQAM) starting on September 8 next.
February 9, 2016 - RGCQ is looking for syndicates of co-owners to participate in a trial project, leading ultimately to the creation of the Condo Index. The latter will become an indicator of the financial performance of a co-ownership. The Condo Index is the next logical step after the creation by the RGCQ of the standardized chart of accounts.
January 15th 2016- Ontario has been revising for a long time its 1998 Condominium Act (Condominium Act). Its new version adopted December 2nd 2015, designated the “2015 Protecting Condominium Owners Act “has significantly reinforced the measures of protection applicable to condo associations”.
January 5, 2016 – As of January1, 2016, Revenu Québec imposes the use of the RL-31 slip (RL-31). This document is intended for those individuals or businesses who own a building containing at least one leased dwelling. They are required to provide this slip to any tenant whose name is on a lease or who sublets an apartment, as of December31, 2015 specifically.
January 4, 2016 - After the holiday season the "Snowbirds" leave for warmer climes, in Florida or elsewhere. The co-owners who are about to say "bye bye" to winter – if not already gone - must be proactive to avoid possible headaches to their board of directors.
November 30th, 2015 –The number of problematic French co-ownerships have increased in recent years. It is “impossible to estimate how many, in the absence of recent statistics”, states Blanche Guillemot, a Director of the “Agence nationale de l’habitat” (the National Housing Agency), quoted by the Le Monde newspaper.