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Reserve fund requirements for Canadian condominiums and stratas

Condo Control

Not only is it easy to get to, but condominium units were plentiful and very affordable. While there are some exceptions to reserve fund requirements, most condominiums are required to have studies completed by a professional at least once every 5 years. Florida has historically been considered an ideal state to purchase a winter home.

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Finding the Perfect Multifamily Property

American Apartment Owners Association

Multifamily refers to properties, such as apartment complexes, condominiums, townhouses, semi-detached units and duplexes, all of which offer multiple spaces for rent. When buying a rental property, there are local price trends, zoning rules and vacancy rates to consider in addition to financing and renovation costs.

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Is now the time to buy a condo in Toronto?

Condo Control

But, making such a large purchase always comes with risks that need to be evaluated. The price is right It’s still a stretch to say that Toronto condominiums are affordable, but prices are certainly more reasonable now than they were 3 years ago. Q1 2025 condominium sales amounted to 3,794 in the GTA, down 21.7%

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5 ways for high rise condominiums to save money in 2025

Condo Control

Densely populated high rise condominiums have always been budget conscious. In order to avoid angering residents by issuing hefty special assessments or maintenance fee increases, boards and managers are doing what they can to offset the high cost of maintaining a condo. But this year is different. million for a 300-unit building.

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Finding the Perfect Multifamily Property

American Apartment Owners Association

Multifamily refers to properties, such as apartment complexes, condominiums, townhouses, semi-detached units and duplexes, all of which offer multiple spaces for rent. When buying a rental property, there are local price trends, zoning rules and vacancy rates to consider in addition to financing and renovation costs.

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Best Property Management Books for Landlords: Top 9 Picks

Bay Property Management Group

Every Landlord’s Guide to Managing Property by Michael Boyer Here, Boyer offers a window into tenant retention, basic property maintenance, finding good contractors, accounting, and other key tasks. Even better, he includes sample forms, like a maintenance log, for your reference. Here, John C.

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What’s the Difference Between an HOA vs. COA vs. POA?

Bay Property Management Group

These HOAs are run by a board of directors and usually collect monthly or annual fees as a means to cover the costs of common areas, amenities, and general maintenance of the community. A condominium owner’s association (COA) is another one that is very similar to an HOA. What is a COA?