Condo Information

Condo Owners Association has just launched a very informative Condominium Information Section on their website to help keep consumers alert and informed. It contains new and resale condo buying information, board of directors, financing and maintenance fees, mortgages and financing, new to Canada information, Private Members bills and other Condo Acts in Canada Please review it at: http://www.COAontario.com

Stronger Ontario Building Codes to keep Condo Owners Safe

Stronger Ontario Building Codes to keep Condo Owners Safe
Municipal Affairs and Housing Minister, Kathleen Wynne has announced changes to strengthen the Ontario building code to help prevent balcony glass of newly constructed buildings from breaking and keep Ontarians safe in high-rise buildings.
http://news.ontario.ca/mah/en/2012/06/ontario-strengthens-requirements-for-balcony-glass.html
While this initiative is an excellent start, Ministry of Municipal Affairs and Housing needs to address the inefficiencies of the New Home Warranty Program and Tarion Warranties for new construction and the limited 1-2 years warranties on existing buildings. These warranties do not protect the value of a $80 Million dollar condo building when the time period and list of coverages are similar to those of a single family dwelling. There needs to be a separate coverage to address multi-family residential condominium buildings.
Today’s announcement relating to new Ontario rules and better building codes to prevent glass from breaking off high-rise Balconies was another example of how COA is helping Condo Owners. COA worked with CBC news “throw-away buildings: Toronto’s glass condos. Falling glass from balconies from several buildings in downtown Toronto created major issues of safety concerns for owners and the general public. The Condo Owners Association – (COA) reported problems relating to glass balconies and deficiencies relating to energy efficiency supporting a CBC special featured story by John Lancaster.
http://www.cbc.ca/news/canada/toronto/story/2011/11/13/tor-glass-walled-condos.html
http://www.youtube.com/watch?v=w0a9q_DqF1o
Value issues relate are affected by unwarranted costs relating to premature deficiencies which fall past the minimal and limited Tarion Warranties. COA has played a very active role in moving forward for a better understanding of the problems and bringing this information to the forefront. Cam Wooley’s “Know your Rights” on CP24 welcomes our input as well as Matt Galloway – CBC Metro Morning in conversation with Linda Pinizzotto, Founder, President/CEO of the Condo Owners Association about the risks condo owners face and the limited protection they have. Listen (runs 6:54)
RADIO
http://www.cbc.ca/video/news/audioplayer.html?clipid=2102259830
CBC NEWSBROADCASTING ON CBC NEWS AND THE NATIONAL
http://www.youtube.com/watch?v=vZglE1czXyo
COA continues to work with Government to embrace the issues to help Condo owners ensure their safety, investment sustainability and good business infrastructure of the condo world.
The mass construction of Condominiums in the past few years has identified over 1.3 million Condo Owners in our Province. Last Friday, our Ministry of Consumer Services announced “Building a Better Condo Act” to modernize the present Condo Act (1998). The Ministry of Municipal Affairs and Housing needs to participate to embrace resolutions to the Act relating to safety and better construction standards. Specific requirements and restrictions relating to the construction aspect of new and existing Condo Corporations.
All information and comment on articles geared to Condo Owners and Condominiums should include comment from COA Ontario as the governing body of COAtoronto, COAmississauga, COAottawa etc. COA has chapters in each City across Ontario
– See more at: http://www.oreablog.com/2012/06/ontario-government-introduces-stricter-requirements-for-balcony-glass/#sthash.MSPIFjTH.dpuf

Bad Property Management or Bad Board of Directors??

It is common for Condo Owners to be angry with the Property Managers blaming them for not returning their phones calls and/or not resolving their problems.  Property Managers ignore their requests for help;  frustrations develop and Condo Owners become angry and hostile towards Property Management.

Condo Owners are barking up the wrong tree.

The Board of Directors are to blame because they have the power.  The Board controls all of the operations of the building which includes contracts and all service related trades.  They approve Property Management contracts and the Property Management company designates a Property Manager to the building to do as the Board says at all expense because they want to ensure their contracts.  There is alot of money involved;  many of these contracts can range from $120,000 to $300,000 depending on the size and amount of buildings involved.  It is a very serious stake in the Condominium World but one that has created major controversy of responsibility because even though these Firms are paid by the Corporation they report to the Board and in most cases believe they represent the Board.

Be wary of getting into arguments with Property Management because once they report back to the Board of Directors;  chances are you will have more even more problems afterall it is the Board who is instructing Property Management to ignore your requests.    If you have a good Board – it would never get this far.

How do Condo Owners know if their Board is operating in compliance to the Condo Act?    The $1 Million dollar question can be answered only if Condo Owners start taking responsibility and learn about Condos, watch their Boards and speak out if they feel things are wrong.  Until then;  Owners will suffer the consequences of disputes, theft, fraud and a serious problems with their Board of Directors.

Forged Proxies

PROXY CORRUPTION AT CONDO AGM?

  • Qorum was called – the meeting can start!
  •  62 Proxies and 28 Owners in Attendance records 90
  • How many were for quorom?  None the proxies eliminated quorom.
  • How many included voting?  All 62 because an option for substitution and other non compliance terms were included
  • Corporation Lawyer was the Chair at the AGM cost $500 per hour
  • The Board hides behind the lawyer to look legitimate!!
  • Lawyer refuses question period before the election
  • The Board holds control of the majority 62 proxies !
  • The proxy form is in non compliance to the Condo Act
  • Owners object but Lawyer and Board ignores objection
  • The Board appoint 2 of their friends as scruitineers
  • Ballots are casted; scrutineers count proxsies behind closed doors
  • The Board announces the “New Board Member/s and moves on!!
  • How many proxy and ballot votes for each candidate!!  Who knows?  Only the Board, Property Management and the 2 scrutineers
  • The Board forged 62 proxies before the meeting started!!
  • 28 Owners wasted their time on the (1) single vote for Director for owner-occupied position
  • The Deceitful Board of Directors has MAJORITY VOTE & control
  • The Lawyer puts forward a motion DESTROY Ballots;  of course and doesn’t answer owners about ability to view the Proxies;  of course!!
  • The deceitful Board now has control to ie: manouever contracts, skim monies, hold Owners hostage from receiving Condo documents, place unjustified liens on Owners units, create havoc and spread lies and deceit for their own self gain!!
  • Owners are so afraid they will remain silent!!!!
  • THE BOARD KNOWS THAT THE COAST IS CLEAR !!!

 

Deep Concerns in Condo Market need to be addressed

The Condo Owners Association (COA) is recognizing “Deep Concerns” in the Condo Market. It is not just about new construction or reports from Analysts, CMHC, Ontario Builders Associations etc. We have a continual ongoing problem of non disclosure of representation from Builders. There are so many Buyers who do not realize they have an occupancy period; they are forced to close occupancy without a completed unit; the Agreements are one sided to the Builders advantages; delays and undervalued price per square foot on maintenance fees at the time of sale vs the time of close create a financial issue for buyers; many buidings have deficits in the first year and although the builder clears the deficit; the owners are hit with 20% 25% increases after the first year.

…… and why on earth does Tarion only cover 1 & 2 years Warranty for an $80 Million dollar building when most of the standard (not structural) issues surface in the 4-5th year. The Condo market is slowing because the builders increased prices per square foot on new construction way beyond the price per square foot on the resale condo market. They wanted tomorrows profits for themselves and unfortunately buyers get caught up with the glamour of the building and the glass windows (which are another issue) that they purchase and hope…lets cross our fingers….that they made the right decision.