Forec

Ontario is lacking condo managers and some worry it'll only get worse as more units get built

Ontario property managers are raising the alarm about the province’s growing condo market, saying there’s not enough of them to handle an expected influx of units.

According to data from the province and the industry’s separate regulatory body, The Condominium Management Regulatory Authority of Ontario (CMRAO), there are currently some 2,500 licensed managers in the province overseeing around 950,000 units across Ontario. 

That’s a figure some in the industry say is leaving managers spread thin and will only be exacerbated by the glut of managers getting ready to retire. Add to that the growing number of units expected to be ready for occupancy in the coming years, and some worry the the lack of managers will mean issues across the board, be it for residents or building owners.

Research by the real estate consulting firm Urbanation suggesting a record number of 25,000 new condo units will be ready in Ontario

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Forec

4 Biggest New Launch Condos In 2023 You Need To Know About (Above 600 Units)

With the current high-interest rates and unpredictable economic situation (just look what happened to Credit Suisse), it makes it even more crucial for those who are shopping around for a new home to pick the right one.

This week, we’ve gone around and highlighted the main features of upcoming new launches, so you have a quick snapshot of what you’re looking at:

1. The Reserve Residences

Location: Jalan Anak Bukit (District 21)

Developer: Far East Organization and Sino Group

TOP: TBD

Lease: 99-years

Number of units: 732

Notable features:

The Reserve Residences will add more amenities to the Jalan Anak Bukit area. Right now, homeowners in the area are mostly served by Bukit Timah Plaza mall (which you can also walk to from The Reserve Residences) and the Beauty World area; but this upcoming project will add further food and retail, as well as serviced apartments. 

The Reserve Residences also

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for sale

Aspect Effect of Mega Banks Sitting on Foreclosed Units is Unpaid Taxes And Maintenance Charges

Real EstateLearn the most recent news about residential and industrial actual estate in the Seattle area and Pacific Northwest. My first attempt to perceive shopping for probate real-property at deep reductions would have been to a attend a seminar held at an area lodge. Oh, the seminar was free okay, nonetheless the actual program?as I’d study later? value multi thousands of dollars. Yikes!

Preparing house to trade: When it comes into renting a moving truck, you may pay a fee based mostly upon the dimensions of the truck is. The trucks will in all probability be measured in ft. So you’ll require a perception of just how much space you really want.

On September 4, 2012 “Federal Construction Professionals” was made on LinkedIn. Began with simply three members, within two weeks it became the quickest growing group inside development category, surpassing 500 members in simply twenty-one days. Stats over the web …

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