Learn more about condos and condo ownership - 2 hr course being offered in Barrie

By: Ashley Lamb

Learn more about condos and condo ownership - 2 hr course being offered in Barrie

Tags: condos, CCI, Canadian condominium institution, barrie, courses offered, barrie condos, condos in barrie

  An introductory 2 hour course for condo directors and owners. Participants will be provided with an introduction to and basic knowledge of condo terminology, the Condominium Act, 1998, various condo documents, property management and the role and responsibilities of condo directors. An excellent opportunity to find out what you need to know to be an effective condo owner or director. Det...Read More

North Barrie Crossing - Well Underway

By: Ashley Lamb

North Barrie Crossing - Well Underway

Tags: The Junction Barrie Condos, north barrie Crossing, Cundles Road, Duckworth Street, RVH, Georgian College, Pratt Homes, Mady Developments, MarketTown

The city of Barrie has experienced incredible growth in 2016, in both its residential housing market and commercial market. The 45-acre empty lot in Barrie’s north end where Cuddles meets Duckworth, is well underway and now the home of North Barrie Crossing.   The site is primarily zoned for commercial use and some retail tenants have already opened for business over the last month; Ze...Read More

What's the difference between owned and exclusive use?

By: Ashley Lamb

What's the difference between owned and exclusive use?

Tags: owned vs. exclusive use, common elements, parking, lockers, balconies, balcony, terraces

  It can be very confusing for a buyer when purchasing a condo. Are you purchasing a condo with a parking space, or a unit and a parking space? What are you actually buying with your condo and what rights do you have? The different rights that correspond to ownership and exclusive use of space are occur when looking at parking spaces, lockers and terraces within a building. Majority of te...Read More

Pros & Cons of Owning a Condo vs. a House

By: Ashley Lamb

Pros & Cons of Owning a Condo vs. a House

Tags: condos, houses, ownership, pros, cons, maintenance fees, common elements, condo lifestyle

When purchasing a property, buyers normally choose between a traditional house or a condominium where most buyers tend to base their decision on their lifestyle at the time of purchase. Many people would prefer to buy a house so that they own the dwelling as well as the land underneath, whereas with condo ownership you simply own the space inside of the condo unit and a portion of the common eleme...Read More

Why an investor should consider a condo as an investment?

By: Ashley Lamb

Why an investor should consider a condo as an investment?

Tags: Condos in Barrie, Investing in a Condo, Condo Investors, Buying Condos

      Condos are a fantastic investment especially if you are a first time investor. Here are four reasons why I say this;   1. Condos are cheaper than houses. It will be easier to get approved for a mortgage and you won’t have to break the bank. Condos are a more affordable option and you will be able to focus on your role as a landlord without being overwhelmed. &nbs...Read More

Walnut Grove Condos - 131 Clapperton Street & 166 Owen Street, Barrie Ontario

By: Ashley Lamb

Walnut Grove Condos - 131 Clapperton Street & 166 Owen Street, Barrie Ontario

Tags: Condos in Barrie, Walnut Grove Condos, Condo Buildings, Condo Living

There are many condos in Barrie that are hidden gems, and Walnut Grove Condos is one of them! This condo building is one of Barrie’s most centrally located condos; close to the Bayfield strip and downtown but tucked away in a quiet residential setting surrounded by mature trees. The residents have the best of everything.   The units in this 3-storey, low-rise, building are extremely sp...Read More

By: Ashley Lamb

Condo Insurance & Building Insurance

Tags: condo insurance, building insurance, exclusive use, common elements, condo ownership

Every condo building is required to have their own master insurance policy in place.  This building insurance is included in the maintenance fees of most buildings, and covers the physical building and all common areas. What many are not aware of is they the master instance policy does not cover their own personal contents and liability.  Every unit owner is required to do their own res...Read More

By: Ashley Lamb

The Reserve Fund

Tags: reserve fund, condo fees, buying a condo, purchasing a condo

Many people ask me where the monthly condo fees go when you own a condo.  They also are curious to know what the reserve fund is all about.  I thought it would be useful to post the basics of a reserve fund and what the monies cover in most condo buildings. A portion of the monthly condo fees goes into a reserve fund account. The monies are used for replacement and non-routine repairs ...Read More

By: Ashley Lamb

What Are Common Elements?

Tags: common elements, condo ownership, exclusive use

Common Elements in a condominium are shared areas in the building and complex grounds that belong to all owners.  Pretty much everything but the owner’s unit itself.  These could include lobbies, hallways, stairwells, garbage areas, locker and bike areas, gardens, parking facilities and roof tops. Common elements also include all building amenities the building has to offer. ...Read More

By: Ashley Lamb

The Status Certificate

Tags: condos, status certifcates, condo documentation

The status certificate, also referred to as The Estoppel, is a document that provides information on the financial status of a particular unit and the building’s condo corporation. It’s kind of like a home inspection on a house but you have your lawyer review the building financials instead. It is important for all condo buyers to have their lawyer review the status certificate and att...Read More