Condo Owners Association COA

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New Mortgage Rules

Effective January 1, 2018, Canadians who may be renewing, refinancing and those looking to obtain a mortgage have to show they can pay any new interest rate substantially higher than the current rate they have.  This routine is called a stress test which is applicable to our Canadian Banks however many Credit Unions do not follow the same path.  The new Canadian federal financial regulator announced that even Borrowers having 20% down payment or more will still have to face a stress test for qualifying,    During 2017, this method only applied to those applicants with smaller down payments and also those who were either obtaining Mortgage Insurance from Canada Mortgage and Housing Corporation CHMC or from Genworth.  Credit Unions are regulated provincially so they do not have to adopt those rules.

Canada Mortgage and Housing Corporation

Genworth

Get a Better Mortgage

Credit Scores

What’s in force

  1. Mortgage Stress Tests determines how much house you will be able to buy
  2. Meant to ensure that Consumers can withstand a rise in interest rates.  
  3. The higher of either the bench mark mortgage rate 4.9% or the current rate plus 2%  percentage points.    
  4. The Banks want to make sure that if you find a home, you do not run the risk of not qualifying in the new year.
  5. Renewing Mortgage - with your current bank you do not have to qualify, only if you are changing financial institutions
  6. Refinancing - you have to qualify because you are taking on new debt so the stress test applies

Get a Better Mortgage  

A variety of the types of Mortgage Financing you will need

  1. Buying your home whether your First Home or Next Home
  2. Buying an investment property
  3. Buying a second home
  4. Self Employment
  5. Debt Consolidation
  6. Private Mortgages

 

CHIP Reverse Mortgage

Understand more on Reverse Mortgages is the first Step

  1. You always maintain title ownership of your home
  2. You have the ability and freedom at any time when and if you move or sell
  3. Clients can quality up to a 55% of your homes appraised value however an average is 33%
  4. It is tax free money and allows your retirement savings to last a little longer
  5. Help to free up cash

Why use a Mortgage Broker

Enjoy qualified personal services

  1. Brokers primary expertise is locating funding for mortgage financing
  2. Brokers are not employed by lending institutions and are not limited to services
  3. Brokers are paid by lender but represent the Buyer
  4. Brokers work with over 25 lending institutions
  5. Enjoy better negotiating power   
Published in Buying a Condo

Bruce

Dufferin ( map )

Elgin

Essex

Frontenac (formerly Frontenac Management Board)

Grey

Haliburton

Hastings

Huron

Lambton

Lanark

Leeds & Grenville

Lennox and Addington ( map )

Middlesex

Northumberland

Oxford

Perth

Peterborough

Prescott and Russell, United Counties

Renfrew

Simcoe


Stormont, Dundas and Glengarry

Wellington

Published in COA Ontario Divisions

ABOUT THE CONDO OWNERS ASSOCIATION (COA)?

The Condo Owners Association is a reg. non profit Association representing the best interest of all Condo Owners in Ontario with Chapters in each City across the Province.

 

 

ARE YOU ON THE BOARD OF DIRECTORS IN A CONDO CORPORATION?

Condominium Board of Directors who have approved "Membership" into the Condo Owners Association (COA)  understand the importance of managing the affairs of your Condo Corporation in compliance to the Provincial Condominium Act, 1998.

 

Click Here for: Introduction Letter & Request for Membership COA (PDF)

Click Here for: Application Membership Form For Condo Corporation (PDF)

 

 

CONDO OWNERS

IS YOUR CONDO CORPORATION A MEMBER OF CONDO OWNERS ASSOCIATION?

If your Condo Corporation is not a member of COA;  ask your Board of Directors "WHY NOT?

The cost is only $1.00 per unit owner (per year)  per building   ie. If you have 300 Unit Owners;  the cost is only $300.00 per year

If your Board of Directors refuses to join COA,  then their Condo Owners can join on their own at $10 per year. 

 


ARE YOU A PROPERTY MANAGER?

All Property Managers should tell their Board of Directors about Condo Owners Association (COA) and support its membership.

 


RETURN TO JOIN COA MEMBERSHIP

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COA - Condo Owners Association Ontario

BYLAWS AND PROCEDURE

a)  The Chapters and Local Districts must make a commitment on behalf of their Chapter or District  and pass resolutions of their dedication and commitment to COA.

b)  The Chapters and Local Districts must agree to follow the policies, procedure and protocol of COA Ontario and adopt their Code of Ethics for COA Directors.

c)  The Chapters and Local Districts must sign acceptance of the By-law to govern COA Ontario which embodies all COA Chapters and Districts.

MEMBERSHIPS, MEMBERSHIP DRIVE, SPECIAL EVENTS AND SEMINARS

The Chapters and Local Districts must submit a formal request to COA Ontario for the following:

1)  A plan for their membership drive in their local District

2)  A plan for potential seminars and potential locations for same

3)  The COA Mentor program will be contacted for assistance at any time

4)  All COA membership fees msut be payable to COA Ontario

ADDRESS AND BANKING

1)  The Chapters and Local Districts must create an address to serve the new Chapter and/or District, a post office box is recommended to avoid address changes

2)  Set up a bank account in the name of the Local Chapter and/or District.  Identify two or three of the organizing committee to have signing authority

Please proceed to:   "Maintaining Certification" for all details

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GETTING STARTED

1)  Set a date for your first meeting with the first order of business to adopt the COA By-Laws of the local Chapter and COA Ontario.

2)  The organizing committee shall be deemed the new Board of Directors for the local District.  The Board of Directors shall vote amongst themselves for the following positions:

President; Treasurer;  Secretary and if more than three Directors; a Membership and Communications Director.

3)  Create a list of District Directors to include their Position, Name, Address, Contact Numbers and Email Address.  Provide a copy to the local Chapter and COA Ontario.

4)  Prepare a Strategic Planning seminar

The Strategic Planning Seminar should define:

  • Names of board and positions (i.e. President, Treasurer, etc)
  • Possible list of committees (i.e. newsletter, education, website, etc) and names of each committee chair
  • A List of Chapters and contact information of same
  • A List of COA Ontario Executive Directors contact information of same
  • A committee for media, press, newsletters and other means of communication
  • Name and address of bank where District account is held

District to work with Local Chapter for all Press and Media Functions and also to include:

  • Public seminars
  • Membership recruitment booths
  • Education Courses
  • Newsletter or print, TV and Radio press

5)  Certification and recertification of a COA Chapter will allow the chapter to use the COA name and logo. However upon de-certification, that right will end.

6) The COA Board of Directors shall have the right to vary any of the requirements for certification or recertification based upon the special circumstances of any chapter, from time to time.

7) COA Ontario Board of Directors shall have the right to change and/or adjust requirements for certification or recertification based upon the circumstances of any chapter and/or District from time to time.

8)  COA Ontario Board of Directors shall have the right to implement related costs for membership of the related Chapters and Districts.

9)  Websites:  Please Note: COA Ontario will include a Chapter web site page for new Chapters upon certification and the local Chapter will include a District site page for new Districts.  The chapter will be responsible for adding content and monitoring the site for all Districts associated with that Chapter.   A Chapter can create its own web site at any time but must obtain approval from COA Ontario and ensure the design is in keeping with the layout and standards of COA Ontario.  In the event that a Chapter creates its own web site, that Chapter will be solely responsible for any costs.  COA Ontario is to have full right to link directly to all associated Chapters and if applicable their websites.

Districts Websites:  A District can create its own web site at any time but must obtain approval from their local Chapter and COA Ontario to ensure the design is in keeping with the layout and standards of COA Ontario.  In the event that a District creates its own web site, that District will be solely responsible for any costs.  COA Ontario is to have full right to link directly to all associated Districts and Chapters (if applicable

Please proceed to:   "Bylaws & Procedures" for all details

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COA ONTARIO - CHAPTERS BY COUNTIES

COA is accepting applications from Condo Owners in these areas.

Please refer to: How to Apply Chapter

COUNTIES

COUNTIES

Bruce

  • Municipality of Arran Elderslie
  • Municipality of Brockton
  • Municipality of Kincardine
  • Municipality of Northern Bruce Peninsula
  • Municipality of South Bruce
  • Town of Saugeen Shores
  • Town of South Bruce Peninsula
  • Township of Huron-Kinloss

Dufferin ( map )

  • Town of Mono
  • Town of Orangeville
  • Town of Shelburne
  • Township of Amaranth
  • Township of East Garafraxa
  • Township of East Luther Grand Valley
  • Township of Melancthon
  • Township of Mulmur

Elgin

  • City of St Thomas (Separated)
  • Municipality of Bayham
  • Municipality of Central Elgin
  • Municipality of Dutton/Dunwich
  • Municipality of West Elgin
  • Town of Aylmer
  • Township of Malahide
  • Township of Southwold

Essex

  • City of Windsor (Separated)
  • Municipality of Leamington
  • Town of Amherstburg
  • Town of Essex
  • Town of Kingsville
  • Town of Lakeshore
  • Town of LaSalle
  • Town of Tecumseh
  • Township of Pelee

Frontenac (formerly Frontenac Management Board)

  • City of Kingston (Separated)
  • Township of Central Frontenac
  • Township of Frontenac Islands
  • Township of North Frontenac
  • Township of South Frontenac

Grey

  • City of Owen Sound
  • Town of The Blue Mountains
  • Town of Hanover
  • Municipality of Meaford (Town)
  • Township of Chatsworth
  • Township of Georgian Bluffs
  • Municipality of Grey Highlands (Twp)
  • Township of  Southgate
  • Township of West Grey

Haliburton

  • Township of Algonquin Highlands
  • Municipality of Dysart et al
  • Municipality of Highlands East (Twp)
  • Township of  Minden Hills

Hastings

  • City of Belleville (Separated)
  • City of Quinte West (Separated)
  • Municipality of Centre Hastings
  • Municipality of Hastings Highlands
  • Municipality of Marmora and Lake (Twp)
  • Municipality of Tweed
  • Town of Bancroft
  • Town of Deseronto
  • Township of Carlow/Mayo
  • Township of Faraday
  • Township of Limerick
  • Township of Madoc
  • Township of Stirling-Rawdon
  • Township of Tudor & Cashel
  • Township of Tyendinaga
  • Township of Wollaston

Huron

  • Municipality of Bluewater (Town)
  • Municipality of Central Huron (Twp)
  • Municipality of Huron East (Town)
  • Municipality of Morris-Turnberry (Twp)
  • Municipality of South Huron (Town)
  • Town of Goderich
  • Township of Ashfield-Colborne-Wawanosh
  • Township of Howick
  • Township of North Huron

Lambton

  • City of Sarnia
  • Municipality of  Lambton Shores (City)
  • Town of Petrolia
  • Township of Brooke-Alvinston
  • Township of Dawn-Euphemia
  • Township of Enniskillen
  • Town of Plympton-Wyoming
  • Township of St. Clair
  • Township of Warwick
  • Village of Oil Springs
  • Village of Point Edward

Lanark

  • Separated Town of Smiths Falls (Separated)
  • Town of Carleton Place
  • Town of Mississippi Mills
  • Town of Perth
  • Township of Beckwith
  • Township of Drummond-North Elmsley
  • Township of Lanark Highlands
  • Township of Montague
  • Township of Tay Valley

Leeds & Grenville

  • City of Brockville (Separated)
  • Municipality of North Grenville (Twp) Gananoque (Separated)
  • Town of Prescott (Separated )
  • Township of Athens
  • Township of Augusta
  • Township of Edwardsburgh/Cardinal
  • Township of Elizabethtown - Kitley
  • Township of Leeds & the Thousand Islands
  • Township of Front of Yonge
  • Township of Rideau Lakes
  • Village of Merrickville-Wolford
  • Village of Westport

Lennox and Addington ( map )

  • Town of Greater Napanee
  • Township of Addington Highlands
  • Township of Loyalist
  • Township of Stone Mills

Middlesex

  • City of London (Separated)
  • Municipality of North Middlesex (Twp)
  • Municipality of Southwest Middlesex (Twp)
  • Municipality of Thames Centre (Twp)
  • Township of Adelaide Metcalfe
  • Township of Lucan Biddulph
  • Township of Middlesex Centre
  • Township of  Strathroy - Caradoc
  • Village of Newbury

Northumberland

  • Municipality of Brighton (status: Town)
  • Town of Cobourg
  • Municipality of Port Hope
  • Municipality of Trent Hills (status: Town)
  • Township of Alnwick/Haldimand
  • Township of Cramahe
  • Township of Hamilton

Oxford

  • City of Woodstock
  • Town of Ingersoll
  • Town of Tillsonburg
  • Township of Blandford Blenheim
  • Township of East Zorra-Tavistock
  • Township of Norwich
  • Township of South-West Oxford
  • Township of Zorra

Perth

  • City of Stratford (Separated)
  • Municipality of North Perth
  • Town of St. Marys (Separated)
  • Township of Perth East
  • Township of Perth South
  • Municipality of West Perth (Twp)

Peterborough

  • City of Peterborough (Separated)
  • Township Asphodel-Norwood
  • Township Cavan Monaghan
  • Township Douro-Dummer
  • Township Galway-Cavendish-Harvey
  • Township Havelock-Belmont-Methuen
  • Township North Kawartha
  • Township Otonabee-South Monaghan
  • Township Smith,Ennismore-Lakefield

Prescott and Russell, United Counties

  • City of Clarence-Rockland
  • Municipality of Casselman
  • Municipality of the Nation
  • Town of Hawkesbury
  • Township of Alfred & Plantagenet
  • Township of Champlain
  • Township of East Hawkesbury
  • Township of Russell

Renfrew

  • City of Pembroke (Separated)
  • Town of Arnprior
  • Town of Deep River
  • Town of Laurentian Hills
  • Town of Petawawa
  • Town of Renfrew
  • Township Admaston-Bromley
  • Township Bonnechere Valley
  • Township Brudenell,Lyndoch,Raglan
  • Township Greater Madawaska
  • Township Horton
  • Township Killaloe, Hagarty,Richards
  • Township Laurentian Valley
  • Township Madawaska Valley
  • Township McNab-Braeside
  • Township North Algona-Wilberforce
  • Township Whitewater Region
  • United Townships Head,Clara,Maria

Simcoe

  • City of Barrie (Separated)
  • City of Orillia (Separated)
  • Town of Bradford West Gwillimbury
  • Town of Collingwood
  • Town of Innisfil
  • Town of Midland
  • Town of New Tecumseth
  • Town of Penetanguishene
  • Town of Wasaga Beach
  • Township of Adjala-Tosorontio
  • Township of Clearview
  • Township of Essa
  • Township of Oro-Medonte
  • Township of Ramara
  • Township of Severn
  • Township of Springwater
  • Township of Tay
  • Township of Tiny


Stormont, Dundas and Glengarry

  • City of Cornwall
  • Township of North Dundas
  • Township of North Glengarry
  • Township of North Stormont
  • Township of South Dundas
  • Township of South Glengarry
  • Township of South Stormont

Wellington

  • City of Guelph (Separated)
  • Town of Erin
  • Town of Minto
  • Township of Centre Wellington
  • Township of Guelph-Eramosa
  • Township of Mapleton
  • Township of Puslinch
  • Township of Wellington North
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Working Together with the COA 


The Condo  Owners Association structure was designed to embrace a voice for Condo Owners at the Provincial level and with local MP's and MPP's in each Riding and the local Councillors in each Ward of the City.  COA also works directly with the Mayors and City Staff and other Representatives relating to various issues and new regulatory process/changes relating to condominiums



MP's  - The Members of Parliament
  1. MP's are elected to the Canadian House of Commons
  2. Each COA Districts (Ridings) works with MP representative
  3. ie Ottawa has 308 seats in the Canadian House of Commons
  4. View MP Seats at Parliament Hill 

 
MPP's The Ontario Provincial Members of Parliament
  1. 107 Seats for MPP's who serve the Legislative Assembly of Ontario 
  2. MPP's have a Toronto office at Queen's Park and a constituency office. 
  3. View MPP seats in your riding

 
Municipal Councillors
  1. Represent their Local Wards within their City.
  2. These Wards represent the COA Districts. 
  3. List of Ontario Municipalities - Ministry of Municipal Affairs and Housing


 

COA TORONTO Division and Related District

There are 26 COA Divisions across the Province of Ontario located in various Cities and Towns.   Each of these have various Districts also known as their Political Riding and/or Municipal Ward.

COA Districts Design  Click for City of Toronto Districts Graph
 

  1. Districts are known by their Political Riding and Municipal Ward. 
  2. Example:  COA Toronto has 44 Districts
  3. Each Toronto District has a Councillor, MPP and MP
  4. MPP's on the Provincial level at Queen's Park
  5. MP's on the Federal level at  Queen's Park and Parliament Hill  
  6. Councillor represents City/Municipal issues at City Hall.
 

   COA TORONTO - GTA       

   (reg. non-profit Association)

 

   Click here for: www.COAToronto.com     

     

COA Ontario and all COA Chapters throughout the Province to include COA Toronto formed to address the shortfalls of the Condo Act as per Bill 186 and to advocate change by creating a strong and persuasive voice in the community to all levels of Government.  

 

The Condo Owners Association (commonly known as COA) represents all Condo Owners registered through their independent Condo Corporations 

 

COA TORONTO was established under the umbrella of COA Ontario.  To represent Condo Owners Province wide it became necessary to create districts within each City.    In the City of Toronto there are 12 COA Districts representing 44 Wards as per the Federal and Provincial Political Ridings. 

COA Toronto Districts are broken down by Districts aligning the areas in conjunction with each particular Ward to develop a close working relationship with the local Counsellor, MPP and MP.  The same structure defines the City's around the Province within the Condo Owners Association for Ontario. 

 

 

 Click to View COA Districts of Toronto Chapter below:

 They parallel with the local wards from the map below
City Ward Map

COA TORONTO Districts

 

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History in the Making

Condo Owners Association (known as COA Ontario) was Founded on March 2010 by Linda Pinizzotto, a Toronto/Mississauga Realtor who had a vision to create the 1st Non-Profit Association to represent Condo Owners and design a mechanism for awareness and representation in the Political forefront within all levels of Government across the Province of Ontario.  There are over 1.3 Million Condo Owners who need a cohesive united voice to represent them on many important issues. COA supports the development of its members and fosters a prosperous and sustainable economic environment while contributing to the quality of life in the condo community.

 


Linda's vision included a Condo Owners Association structure to represent Condo Owners in all of the Municipalities across the Province of Ontario.  The Municipalities and Regions are known as Divisions of COA Ontario and each have various Districts to identify their respective Wards.    he structure recognizes the vast amount of condominium owners and embraces various levels of government for representation in each Municipality and Region.    This structure allows a productive and communicative working environment with local Councillors, Members of Provincial Parliament, Members of Parliament and the various Ministry's of our Government.


COA Ontario is growing steadily with additional strong commitment and dedication from bellow Board of Directors Bob Coffey, Ex Chair of KPMG and Derrick Thomas; President and CEO of ITMayDay.   Please view COA Submissions to Ministry relating to some recommendations.   COA is an active Senior Stakeholder in the Condo Act Review.  "Building a Better Condo Act"   Working to represent and advocate for Condo Owners Rights... please see quote at the bottom of the page on this Provincial website.


Why Condo Owners need a Condo Owners Association

Condo Owners are facing huge maintenance fees, problem Board of Directors and a Condo Act that needs to be updated to protect their interest.  There is a huge imbalance of the present structure which takes away the rights of Condo Owners and puts too much control in the hands of the Board of Directors therefore compromising Condo Owners rights.


The Condo Act needs changes and proper governance  ie; better Tarion Warranty Coverage,  government funded energy retrofitting plans, respect for Municipal height restrictions and no further interference from the Ontario Municipal Board; better building codes,  specific property tax assessment strictly relating to  condominiums, a government bond with higher interest rates for condo reserve funds and education standards for Condo Board of Directors.


The act must include compliance mandates and fines as deemed necessary (as per other acts) to insure the Boards are in compliance to the Act and Owners are protected.   We need to address the important needs of existing condominiums where prices are dropping and maintenance fees are way above the normal ratio to value. We need to review service related trades and create a defined price list for services.

 

Some COA Initiatives

  • Support Changes to the Condo Act working with Ministry of Consumer Services in Condo Act Review
  • Meetings with MP's, MPP's and local Councillors in all Districts - across the Province of Ontario
  • COA supported NDP Leader Andrea Horwath at HST Rally  Queen's Park, Toronto
  • Preparing extensive reports and investigating numerous Condo Owners issues
  • Meetings with Minister Margaret Best, Deputy Minister Giles Gherson
  • Meetings with Hon J. Gerretson, Minister Consumer Services
  • Discussions and Meetings with Andrea Horwath, NDP Leader
  • Discussions on Condo Act  with Tim Hudak, Leader PC
  • Meeting with John Campbell, CEO Waterfront Toronto
  • Meeting with Go Transit, Metrolinx, Municipal Stakeholder Groups
  • Meetings with condominium Board of Directors, Lawyers and Engineers
  • Presentations to Carson Dunlop, Financial Institutions, several Corporate Firms
  • City Official discussions and correspondence (Building, Zoning and By-Law Depts)
  • Special Discussions with MPAC - Municipal Property Assessment Corporation- Property Taxes
  • Press, Media and Political Conferences - CBC - CTV - Metro Morning - CP24 - That Channel
  • Newspaper and Magazine Press Articles - Toronto Star, National Post, Local Magazines
  • Social Media - 27 COA Twitter for City's across Ontario, Up-to-date Website, Videos
  • COA supported NDP Leader Andrea Horwath at HST Rally  Queen's Park, Toronto

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