In a condo building units are separate properties with their own deed that can be bought and sold.
With a co-op the building is owned by a corporation. Units are rented from the corporation and the” owners” are the shareholders in the corporation and elect it’s board of directors.
In a co-ownership, title to the building is [...]
The Difference Between a Condo, Co-op & a Co-ownership
April 30th Is a Record Breaking Day For Real Estate Sales In Toronto
May 4, 2007 — With 581 sales reported on April 30, the highest single day total ever documented, April’s total transactions reached an astounding 9,452, the best single-month total ever recorded. The Greater Toronto Area’s resale housing market has showed sustained strength and these phenomenal numbers bode well for the remainder of this year’s spring [...]
High Ratio Mortgage Insurance Requirement Reduced
May 4, 2007 — A federal law that lowers the level at which mortgage insurance is required came into effect last month and bankers say the change could save homebuyers $2,000 or more.
For the last 40 years, homebuyers have been required to buy mortgage insurance unless their down payment equaled at least 25 per cent [...]
Real Estate Funnies
When a real estate agency had not sold our house, we decided to do it ourselves. I placed ads in the local papers; spray painted a “For Sale” message on a signboard, and posted it outside our house.When my husband came home that evening, he told me, laughing, that my sign was the most truthful [...]
