Lawyer says Etobicoke condo board invested $500,000 in crypto exchange
An allegation that a Toronto townhouse complex violated Ontario’s Condominium Act by investing at least $500,000 in a cryptocurrency exchange called Pink Piggy Investment Group is highlighting gaps in provincial protections for condo owners.
“One of the frequently cited statements about the condominium industry is that there’s no condominium police,” said Bradly Chaplick, a condo law expert with Horlick Levitt Di Lella LLP, and he stresses that’s particularly true when it comes to allegations of financial mismanagement.
Categories
Recent Posts
Canada's tallest skyscraper is now 100 storeys. This is the view from the SkyTower
Vancouver rental builders, facing slowing demand, say government support needed
Calgary townhouse by the river a buyer’s top pick
The houses you can buy for $680,000 across Canada, the Home of the Week and more top real estate stories
Mount Pleasant condo sells for less than price paid 19 months ago
Home of the Week: A ‘normal’ house that holds a few secrets
Jilted buyer returns with slightly modified bid to take Pickering house
Network looks to tap into philanthropy to boost funding for affordable housing
Prince Harry to speak at a Toronto real estate conference next month
Buyer trims price of condo a short stroll to Woodbine Beach
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "