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Update on the condo board: If you are an owner, pay attention as the long-term value of your investment could be at high risk. The reason the current five member board was suspended is that three of the elected individuals are from the same unit. This would give those people monopoly...

Sorry, MTCC is just metro toronto condo corp for that particular building. The management company is Del Property Mgmt.

So the newly elected board started asking about the elevator issues.... and was promptly canned because the voting was deemed to be improperly done due to 34 proxies submitted without a name. Seems like that is something that should have been done right after the July 27th vote and not now. All...

have experience with MTCC and FirstService. Very impressed with MTCC and not really with FirstService.

I'm also a resident. The elevators are out not because of a burst water pipe. The elevator company hasn't been paid in over 6 months... I'm curious where the money is going.

something is wrong with this building. it should not be taking this long to finish the balconies...

http://globalnews.ca/news/2861138/metro-vancouver-home-sales-dropped-by-75-after-foreign-buyer-tax-announcement-realtor/ Sales drop 75% in key areas after introduction of 15% tax. Gives a pretty good estimate of how much demand has been driven by foreign investment. And how dependent we have...

better late than never.

are they short on the balcony glass? why the metal parts?

What incentives do real estate firms have to detect money laundering activities? If anything, it's a punishment, as they are would miss out on money their less scrupulous competitors stand to make. RE agents are some of the most unscrupulous, corrupt, and greedy individuals. They have failed...

it's pretty obvious that a lot of Vancouver RE is for money laundering.

I don't think the market will cool at all if this data becomes public. The availability of information is not what drives it. But it will invariably mean that realtors' job will become harder. It's no surprise they're trying to resist change like this. can't say i feel sorry for them, they've...

will they ever finish the balconies?

And the Chinese have been fleeing this drop: http://www.bloomberg.com/news/articles/2016-01-25/china-capital-outflows-climb-to-estimated-1-trillion-in-2015 most of that money is probably already in USD.

people with enough cash to invest in RE in far-away countries usually hold significant portions of their portfolio in USD or USD securities... it would be foolish not to given US economy and fiscal policy in recent times.

probably a good bunch of condos are not built with longevity in mind. however, in this era of CB intervention, lax foreign investment laws and cheap CAD, I doubt we will see much of a crash, esp in high-demand areas (e.g. downtown Toronto, anywhere on Bay corridor especially). Remember that for...

so if older condos go bust the newer ones will see more demand

I think context matters. I really like how it pays a LOT of respect to both the old and the new in the area: nice heritage street-front and a similar black-white color-scheme as 1001 Bay. I feel the balconies alone also make it so so much better than anything that's one up in the area in recent...

this should look very sharp once completed.

Real estate prices in Vancouver are obviously fueled by money laundering at this point. Few local citizens can afford these prices. Toronto is a much bigger market but when over 80% of home buyers are from Asia (anecdotes from several realtors so take with a grain of salt), something is up. The...