Entries by Marc Kelly

How High Should My Condominium Fees Be?

“$450 bucks a month for my condominium fees? How is that even possible?  My best friend has a condo that is the same size, and pays $200 a month!  Someone has to be mismanaging money.” When clients come into my office to review condominium documents, there is almost universal outrage about condominium fees.  They are […]

Elections and Condominiums Corps: What Special Rules Affect your Condo?

Nothing brings out nastiness like a good ole’ election.  Sarcasm and personal attacks fill all sorts of communication from ads, debate, and mailouts. The tone seem set by the various political parties, and then party supporters echo talking points in a mindless echo of political banter throughout the election.  Social media platforms are filled with […]

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Property Condition Disclosure Statement: To Do, or Not to Do?

Property Condition Disclosure Statements or “PCDS” are subject to a steady debate both of their value and the risk that they create by those providing the statements.   Their value is questioned by some as the statements are based on the vendor’s knowledge can be difficult to establish, but the risk is the purchaser will look […]

Boom goes the – uh – Natural Gas: Court says SaskEnergy can buy Head Office for $31 Million under Market Price

In a recent Saskatchewan Court of Queen’s Bench decision, SaskEnergy was successful in its action to enforce an option to purchase on their head office.   (Saskenergy Incorporated v ADAG Corporation Canada Ltd., 2015 SKQB 143 (CanLII), <http://canlii.ca/t/gjcgp>) The impact? They are able to purchase a building presently valued at $50 million for about $19 million. […]

Great Social Media Accounts for Regina Mortgage Professionals

So many times we are looking for a product or service, we mess around on the web for a while and ask for some recommendations.  We get some names, gather information, and make a decision on who can assist us.  The challenge is to break through the noise and pick some exceptional people. While I […]

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How Much Money do I Need to Buy a Home? (Please Don’t Use the 1.5% Guideline)

As the market heats up going into the spring, I feel it is as good a time as ever to help people understand the cost to close their deals.  I hate seeing people scramble because they failed to appreciate some aspect of their transaction. So here we go – the top five cost centres in […]