Topic

Condos

Status certificates, fees, reserve funds and condo living.

Condos October 30, 2026 5 min read Reserve Fund Studies in Ontario: A Toronto Condo Buying Guide to Fees and Special Assessments If you are buying a condo, the monthly fee is only part of the cost. The reserve fund study tells you whether that fee is realistic. This Toronto condo buying guide explains how a reserve fund study works, how it points to future condo fees in Toronto, and how to spot the risk of a special assessment before you commit. What is a reserve fund study in Ontario? A reserve fund study is a professional report on the major common elements of a condominium and what it will cost to repair or replace them. Roofs, elevators, parking garage membranes, windows, boilers and building envelopes are typical examples. Under Ontario's Condominium Act, 1998, a condo corporation must keep a reserve fund for these major repairs. It must have the fund's adequacy reviewed by a study: The first study is due within… Read
Condos October 19, 2026 5 min read Toronto Condo Buying Guide: How to Read a Condo Status Certificate in Ontario A condo can look flawless on a showing and still carry problems in its finances. This Toronto condo buying guide focuses on the document that shows those problems: the condo status certificate in Ontario. Read it carefully before you waive your conditions, and have your lawyer review it too. It is the closest thing a condo buyer gets to a set of financial and legal disclosures for the building. What a condo status certificate in Ontario is A status certificate is a document issued by the condominium corporation under the Condominium Act, 1998. It describes the corporation's financial and legal position on a specific date, and the unit's position within it. It is normally ordered for a resale purchase, from the property manager or the corporation, and it comes with a package of attachments. These usually include: The declaration, by-laws… Read
Condos October 6, 2026 1 min read The condo status certificate: what I read first When you buy a condo in Ontario, you buy a share of a corporation as well as a unit. The status certificate is the corporation's report card: a package of documents describing its finances, rules and risks. The condominium corporation must provide it on request, for a fee set by regulation. The reserve fund The reserve fund pays for big repairs: roofs, elevators, garage membranes, windows. The certificate tells you the balance and whether the corporation expects it to be enough. A thin reserve can mean a special assessment, a one-time bill to every owner. Fee increases Look for any budgeted or planned increase in monthly fees. A unit that's affordable at today's fee may not be at next year's. Lawsuits and insurance The certificate lists legal actions involving the corporation. A dispute with the builder over construction defects can… Read

The approach

With me, you don’t buy with confidence, you close with it.

I'm Nima. My work in commercial and investment real estate has taught me to look beyond the property itself, to the numbers, the risks and the details that matter. I bring that same approach to every residential transaction.

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