An apartment, flat, or unit is a self-contained housing unit that occupies part of a building, generally on a single storey. There are many names for these overall buildings. The housing tenure of apartments also varies considerably, from large-scale public housing, to owner occupancy within what is legally a condominium, to tenants renting from a private landlord.
A homeowner association, or a homeowner community, is a private association-like entity in the United States, Canada, the Philippines and certain other countries often formed either ipso jure in a building with multiple owner-occupancies, or by a real estate developer for the purpose of marketing, managing, and selling homes and lots in a residential subdivision. The developer will typically transfer control of the association to the homeowners after selling a predetermined number of lots.
A townhouse, townhome, town house, or town home, is a type of terraced housing. A modern townhouse is often one with a small footprint on multiple floors. In a different British usage, the term originally referred to any type of city residence of someone whose main or largest residence was a country house.
Housing tenure is a financial arrangement and ownership structure under which someone has the right to live in a house or apartment. The most frequent forms are tenancy, in which rent is paid by the occupant to a landlord, and owner-occupancy, where the occupant owns their own home. Mixed forms of tenure are also possible.
A condominium is an ownership regime in which a building is divided into multiple units that are either each separately owned, or owned in common with exclusive rights of occupation by individual owners. These individual units are surrounded by common areas that are jointly owned and managed by the owners of the units. The term can be applied to the building or complex itself, and is sometimes applied to individual units. The term "condominium" is mostly used in the US and Canada, but similar arrangements are used in many other countries under different names.
A housing cooperative, or housing co-op, is a legal entity, usually a cooperative or a corporation, which owns real estate, consisting of one or more residential buildings; it is one type of housing tenure. Typically housing cooperatives are owned by shareholders but in some cases they can be owned by a non-profit organization. They are a distinctive form of home ownership that have many characteristics that differ from other residential arrangements such as single family home ownership, condominiums and renting.
Strata title is a form of ownership and housing tenure devised for multi-level apartment blocks and horizontal subdivisions with shared areas. The word "strata" refers to apartments being on different levels.
David Michael Orazietti is a former politician in Ontario, Canada. He was a Liberal member of the Legislative Assembly of Ontario from 2003 to 2016 who represented the northern Ontario riding of Sault Ste. Marie. He served in the cabinet of Kathleen Wynne, most recently as Minister of Community Safety and Correctional Services, until he resigned on December 31, 2016. His resignation became effective January 1, 2017. In January 2017, Orazietti was appointed Dean of Aviation, Trades and Technology, Natural Environment and Business at Sault College.{
Property management is the operation, control, maintenance, and oversight of real estate and physical property. This can include residential, commercial, and land real estate. Management indicates the need for real estate to be cared for and monitored, with accountability for and attention to its useful life and condition. This is much akin to the role of management in any business.
One King West Hotel & Residence is a condo hotel located at 1 King Street West in the financial district of Toronto, Ontario. It was completed in 2006 after a new tower was attached to the side of the heritage Dominion Bank Building (1914), itself an early 13-storey skyscraper. Four additional floors were also added on top of the heritage building. The site for One King West also included the neighbouring Michie & Co. Grocers & Wine Merchant at 7 King Street West which was demolished in 2001 to accommodate the residential tower.
In real estate, a condominium conversion or condo conversion is the process of entitling an income property or other lands currently held under one title to convert from sole ownership of the entire property into individually sold units as condominiums. Such entitlement is generally derived from approvals granted by state/provincial and/or local municipal authorities.
The Minto Midtown is a residential complex on Yonge Street in Toronto in the Davisville neighbourhood near Yonge and Eglinton consisting of two towers, Quantum and Quantum 2 developed by Minto Developments Inc. The proposed project—which substantially exceeded existing height and zoning limits—was met with substantial neighborhood and city opposition, until Minto appealed to the Ontario Municipal Board and worked out a deal with the City of Toronto.
A reserve study is a long-term capital budget planning tool which identifies the current status of the reserve fund and a stable and equitable funding plan to offset ongoing deterioration, resulting in sufficient funds when those anticipated major common area expenditures actually occur. The reserve study consists of two parts: the physical analysis and the financial analysis. This document is often prepared by an outside independent consultant for the benefit of administrators of a property with multiple owners, such as a condominium association or homeowners' association (HOA), strata, containing an assessment of the state of the commonly owned property components as determined by the particular association's covenants, conditions, and restrictions (CC&Rs) and bylaws. Reserve studies however are not limited only to condominiums and can be created for any "common interest community" (CIC) properties such as resort properties, community/neighborhood associations, coops, etc.
Brad J. Lamb is a Canadian real estate broker and condominium developer. He had a reality television show named Big City Broker on the HGTV Canada network for several years. The show focused on the workings of his real estate brokerage, "Brad J. Lamb Realty Inc." Lamb received media attention in March 2021. Due to a zoning bylaw violation, tenants living in units above an auto-body repair shop were forced to leave their units permanently by the City of Toronto.
Strata management, sometimes known as "body corporate management", is a specialist area of property management involving the day-to-day operation and management of a property that is jointly owned and comprises multiple units, common areas and common facilities. It is derived from an Australian concept of property law called strata title applied to the administration of common ownership in apartment buildings on multiple levels, or strata. Emerging markets in Dubai, Abu Dhabi, the Philippines and India have adopted the Australian system. It is one of the fastest growing forms of housing in the United States today, similar to common-interest development (CID), a category that includes planned unit developments of single-family homes, known as homeowner associations (HOAs), condominiums, and cooperative apartments.
The Canadian Condominium Institute (CCI) is an independent, non-profit organization formed in 1982 to represent all facets of the condominium/strata community. It has 17 Chapters across Canada.
Arbutus Ridge Seaside Community for Active Adults is an age-qualified, gated community located on the southeastern coast of Vancouver Island in the Cobble Hill Electoral Area of British Columbia's Cowichan Valley Regional District. "Arbutus Ridge was the first comprehensive retirement community built in Canada and it subsequently became the template and proving ground for what has become recognized as an accepted and commonplace age-specific form of housing." Even though the community was incorporated in 1987, it was not until 2018 that the Province of British Columbia approved the adoption of the name "Arbutus Ridge" as the official name for the community.
The leaky condo crisis, also known as the leaky condo syndrome and rotten condo crisis, is an ongoing construction, financial, and legal crisis in Canada. It primarily involves multi-unit condominium buildings damaged by rainwater infiltration in the Lower Mainland and Vancouver Island regions of coastal British Columbia (B.C.). In B.C. alone an estimated $4 billion in damage has occurred to over 900 buildings and 31,000 individual housing units built between the late 1980s and early 2000s, establishing it as the most extensive and most costly reconstruction of housing stock in Canadian history.
The Civil Resolution Tribunal (CRT) is Canada's first online tribunal, located in British Columbia (BC), Canada created under a Provincial statute. It is one of the first examples in the world of online dispute resolution (ODR) being incorporated into the public justice system.
