downtown toronto condo: Condo Expenses -Separate Bank Accounts - 04/26/15 05:33 AM
Condo Expenses  -Separate Bank Accounts
Condo Corporations have two different types of expenses:
1.    There are the OPERATING EXPENSES such as snow removal, general maintenance and other recurring expenses for the up-keep of the property.
2.    There are the MAJOR PLANNED EXPENSES. These expenses are pre-planned, and paid for, from the Reserve Fund. Such expanses include the replacement of assets of the corporation and the updating and renovation of the common elements.
Therefore, the best accounting practice would be to have two separate bank accounts to make it easier to monitor and keep a track of all the expenses.

downtown toronto condo: An Assignment of an Agreement of Purchase and Sale - 03/10/15 09:54 AM

An Assignment of an Agreement of Purchase and Sale takes place when the original purchaser who bought from the builder assigns or sells the contract that was signed with the builder. 
The builder Agreements usually prohibit the purchaser to assign the Agreement. However, in the current Toronto condo market, there is more need for Assignments, as some investors want to sell, make a profit and move on. So, builders are agreeing to permit Assignments.  The builders charge a fee between $2500-$5000 to give this consent.
It is recommended that an Assignment Agreement contain two important clauses:

downtown toronto condo: VIP Investor Event ….. - 01/27/12 03:56 AM
There is going to be a VIP Investor Event on February 4th.  
The Investor Suites of 1000 Bay in the heart of Downtown Toronto. 
The lowest price goes to the people who buy VIP, not to the people who line-up and who when they get in, find red stickers covering the availability board.
The prices range from $250,900 for a 321 sq ft studio to $882,900 for a 1,340 sq ft three-bedroom plus Den suite. Estimated completion date is May 30th 2015.
On this one-day February 4th, you get to buy at the very 1st price the suites are … (0 comments)

downtown toronto condo: The plans for 90 Harbour Street, in Downtown Toronto - 01/12/12 02:13 PM
The plans for 90 Harbour Street, in Downtown Toronto will be released this month by Menkes Developments.
Menkes is proposing a 31-storey office tower building and also two 70-storey residential condominium towers. This proposal is raising concerns for area residents, who think that this community is already at capacity.
Members of the York Quay Neighbourhood Association (YQNA) fear breakdowns in traffic, transit and pedestrian flow, as this area includes:
1. The Harbourfront Centre

2. Rogers Centre

3. Air Canada Centre and

4. The … (0 comments)

Rosalind Nicholas, Toronto Condo Real Estate Agent, Toronto  ON (RE/MAX Condos Plus Corporation, Brokerage) Rainmaker large

Rosalind Nicholas

Toronto Condo Real Estate Agent, Toronto ON

Toronto, ON

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RE/MAX Condos Plus Corporation, Brokerage

Address: 45 Harbour Square, Toronto, ON, M5J 2G4

Office: (416) 918-1972

Mobile: (416) 918-1972

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