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I live in a condo. The pool is closed. Do I still have to pay my fees?

You live in the cond complex. You pay . Do you know your rights?
Over four months have passed since COVID-19 forced people to shut down their routines in an effort to fight its spread. That has meant residential amenities such as gyms and common areas in condo buildings are not used. But condo corporations continue to collect the monthly fees associated with these facilities.
Do you still have to pay up? Is the law on your side for a refund?

New Rentals in Downtown Airbnb-Friendly Condos Grew immensely

Here is a snapshot of the recent rental market in GTA and Southern Ontario:
The economy might be gradually getting back on track, but travel and tourism are still at exceedingly low levels in Toronto and, as a result, the real estate market is starting to feel the effects.

25% of Ontario Renters Now More Likely to Buy Home Due to Pandemic: OREA

And this is unexpected turn of events.
The COVID-19 pandemic suggested the early collapse of the values of real estate.
The new safety measure may, actually, improve market activities.

COVID-19 has home buyers seeking greener pastures in the countryside

New buying habits are being developed during this pandemic.
Newly released Nanos research for the Ontario Real Estate Association (OREA) suggests home buyers are more attracted to the space and lower-density populations outside the city since the beginning of pandemic.
Among those considering a home purchase in the next two years, 61 percent of online survey respondents agreed or somewhat agreed that COVID-19 has increased their interest in suburban or rural housing.
Only 34 per cent said they were more drawn to downtown living since the public health crisis hit.

The price of your home in Toronto or GTA keeps going up and up, defying COVID crisis

These statistics defy logic. 
While all the businesses suffer the detached residential homes in Big TO just keep growing up.
Detached home values in the Greater Toronto Area have not only held their own but have seen significant gains through the first half of the year as the region’s housing shortage persists, according to a report from Re/MAX.
The average price of a house rose in 95 percent of the 65 neighbourhoods on the Toronto Region Real Estate Board’s (TRREB) Multiple Listings Service map.

Bank of Canada governor's promise of low rates could spur housing speculators

After a long, treacherous spring - lots of action in the GTA market.
We really don't know our business future, but Bank of Canada Governor Tiff Macklem reassures that interest rates will remain low for at least two years.
Such a situation could unleash a wave of speculative demand in the country’s hottest housing markets, realtors and mortgage brokers warned.
More: click on this link: 

Cottage sales surge by as much as 25 per cent as Torontonians flee the city

Many "special happenings" leave more or less permanent marks in life, business habits, economy.
The same situation occurs in real estate during this COVID-19 times.
All those warnings from small cottage country mayors to stay away this spring haven’t discouraged Torontonians from hunting for vacation homes, say realtors in the resort destinations outside the city.
Some say the pandemic is boosting business as urbanites seek a change of scene in less populated communities, finally secure in the knowledge that the boss is OK with working from home.

The deep freeze is over, but real estate markets still a long way from normal

Vancouver, Toronto ... Canada’s most expensive cities may be on the brink of fully reopening, but when it comes to their residential real estate markets things are a long way from normal.
In Vancouver, the days of packed open houses for 100-year-old, three-bedroom detached houses priced at $1.2 million may be long gone, but so too is the pandemic-induced freeze on housing activity that gripped the market in April and May.
Now prospective buyers carefully enter thoroughly sanitized homes, donning masks and spending as little time as possible while touring.

CHMC's dropped crystal ball

Since the beginning of the coronavirus mess all different real estate organizations are bombarding us with their future market conditions.
I attached here another one - his time prepared (and retreated already) by CHMC.
Home prices in some of Canada’s major urban centres could decline by as much as 12 percent over the next 18 months before recovering in 2022, according to a new report from the Canada Mortgage and Housing Corp., the country’s federal housing agency.

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