Condo Living
May 1, 2024 Published by Manitoba Chapter - By Alan Forbes
Vintage Social Media (aka News Briefs)
From the CCI Manitoba Spring 2024 Condominium News and Views Magazine
We post news items on our website periodically as they come to our attention. This newsletter feature summarizes them and includes links to the source content. If you come across an article or news story that you think would be of interest to CCI Manitoba and its members, feel free to contact us via email.
What happens when a condo owner refuses access to his unit?
An article published by CondoBusiness, part of the REMI Network describes a court case in Ontario in which a unit owner refused access to their exclusive-use balcony to allow for maintenance and inspection of roof anchors not related to their own unit. In the end, the judge decided in favour of the condominium corporation because it was maintaining the property in a reasonable manner.
The “reasonableness” test is also applicable in Manitoba. Section 90 of the Manitoba Condominium Act states that a condo corporation or its agent can enter a unit in emergency situations without consent or notice as long as notice requirements have been met.
The lesson learned from Ontario and applicable to condominium corporations in Manitoba is that both unit owners and the condominium corporation must be reasonable when access to a unit is required to carry out the business of the corporation.
CRA introduces new rule to deter property flipping
The federal government and the Canada Revenue Agency have introduced a new rule to deter real estate speculators. Basically, the rule says any gain on the sale of a condo unit that was purchased within the prior 12-month period wll be classified as income, as opposed to being eligible for the 50 per cent capital gains inclusion rate or the principal residence exemption. Click here for details.
March is fraud awareness month
Not a week goes by without news reports of scams, frauds, ransomware and the like. We all need to educate ourselves on fraud prevention. Click here for information on the latest scams and how to help prevent yourself from becoming the next victim.
Alan Forbes is a director of CCI Manitoba and its vice-president. He was the chair of the Communications Committee for the past few years and has served on the Government Relations and Advocacy Committee. He currently serves on the Membership Committee, the Education Committee and the Communications Committee.
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