Listen up! The Ontario government has announced that all new dwellings, any additions to existing dwellings that are used as apartments, and any older units that were unoccupied as of November 15, 2018 will NOT be covered by rent control in Ontario. It’s a decision aimed at improving the housing crisis in Toronto by incentivizing developers to build more units. But what about the renters?

Anyone who is currently renting can rest easy. Whether your rental apartment is on a year lease or you’re renting month-to-month, rent control will continue to protect you.* Your landlord can raise rent only the annual capped amount, which is set at 1.8% for 2019.

As a Toronto condo landlord, you want property insurance for many reasons. Top of the list, you want liability coverage in case a tenant gets seriously injured on your property and sues you for the accident. Insurance for the building, appliance insurance, rental income insurance, and sewer backup insurance are also areas you may want covered. Depending on your insurance provider, you can often find a range of coverage tailored to your individual needs.

With the launch of Line 5 Condos, we are excited to see that condo developers are recognizing the changes in consumer lifestyle preferences and designing new projects to address the way people want to live today.

There has been rapid growth in real estate values in Toronto over the last two years, and condo buildings have become a necessary housing option for many urban dwellers. Housing is still a business at the end of the day, and some developers are more concerned with the payday than creating desirable spaces to live and grow and call home.

Cannabis use is legal in Canada, but your condominium board may have regulations that you should know about if you’re hoping to smoke pot at home.

The laws regarding legal cannabis use are expansions of the rules regarding alcohol under the Liquor License Act of Ontario as well as the rules regulating tobacco under the Smoke Free Ontario Act.* Make a list of what you can and cannot do when it comes to drinking alcohol and smoking cigarettes, and it’s likely the same list applies to legal cannabis use.

The nuance between money and currency is more complicated than most people think, yet it’s imperative that you understand the difference if you want to protect your wealth over the long term from inevitable market corrections. I use the word inevitable because every single currency throughout history, and there have been thousands of currencies, has crashed at some point and returned to a Gold standard.

The fundamental difference between currency and money is a concept known as “Store of Value.” Your real value, or wealth, is your time and your energy. Real money acts as a tool to store your time and energy over a long period of time, or until you’re ready to use it. Currency fails to be a store of value because the supply of the currency changes and is essentially controlled by reserve banks and governments. If the currency supply doubles, your hard-earned dollars halve in value. When the Greeks started adding copper to gold coins thousands of years ago they inadvertently created a currency that eventually collapsed their economy with an abundance of worthless copper coins.

Since we know everything there is to know about condos in Toronto, we obviously know which Toronto condos would be the best places to live to survive the zombie apocalypse. In the spirit of the season, we thought we would share this very important information with everyone.

At first glance, this 75 storey condo tower at the corner of Yonge and Bloor seems like a great place to last out against hordes of the undead. Gather friends and family and take refuge way up in a 1,500 sqft penthouse unit with two or three-bedrooms, two baths, and huge floor-to-ceiling windows from which you can watch the world end. At 75 storeys, no zombies are ever coming all the way up to eat your delicious brains. Then again, you’re probably never getting out of One Bloor, either! Once that power goes out, say goodbye to those convenient elevators, not to mention your running water!