article thumbnail

Is now the time to buy a condo in Toronto?

Condo Control

Economists from TD predict that by the end of 2025, condo prices in Toronto will have dropped 15% to 20% from the third quarter of 2023. During this time, the Bank of Canada implemented a series of 10 rate hikes, pushing the overnight lending rate to 5% by mid-2023. TD estimates that nearly 75% of the condo market is investor-driven.

article thumbnail

New 2025 condo and HOA laws for U.S. states

Condo Control

2023 California Residents can request to receive electronic communications Civil Code 4040 was amended at the beginning of 2023, making it mandatory for associations to deliver documents according to the preferred delivery method specified by the member. These types of issues are not as costly for owners to litigate.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Meet the Experts: AAOA Rental Housing Conference 2024 Speaker Lineup

American Apartment Owners Association

Rafael Azizyan Partner, California Property Law Group Rafael specializes in representing landlords in complex litigation cases, including wrongful evictions and tenant disputes. Kennys expertise in rent control, eviction law, and property rights makes him a valuable guide through Californias legal landscape.

article thumbnail

Compliance Playbook For US Companies In Response To Europe’s CSRD

Forbes Business Council

According to a recent analysis by Bank of Montreal (BMO) and the Swiss Re Institute, the social inflation rate—the trend of rising insurance claims costs driven by increased litigation—is not expected to slow in 2025, posing a threat to insurer profitability and overall market stability. However, rates averaged about 7% between 2017 and 2023.