You need home insurance to get a mortgage on a home, why dont you need condo insurance to get a mortgage on a condo?   The short answer is that the condo corporation’s insurance covers returning your condo back to its original state after damage, so if you burn it down the bank doesn’t really care because they know the condo corp has to return it to its original state on occupancy, (minus your personal belongings of course) and then the condo corp charges you back the... [read more]

The most important form you will file as part of your Tarion Warranty is your Pre Delivery Inspection (PDI) Approximately two weeks to prior to taking occupancy of your condo, I will accompany you on your PDI with the Builder’s representative. I have been on countless PDI’s and each and every time it is very evident that the Tarion inspector is employed by the Builder and is not working in your best interest.   Every deficiency that isn’t noted on your PDI, such as... [read more]