Experts in real estate, committed to your success
FOUNDER OF MACEDO REAL ESTATE GROUP
Hey, I'm Danny!
Since 1996, Danny Macedo has been a trusted leader in luxury real estate, guiding discerning buyers and sellers through every phase of the property journey. With a wealth of expertise honed over two decades, Danny combines deep market insight with an unwavering commitment to delivering a seamless, personalized experience.
Over 30 years of real estate experience.
Real estate trainer, coach, and speaker.
A Trusted Advisor & Advocate
Danny Macedo
REALTOR®
SALE REPRESENTATIVE
Hey, I'm Anthony!
Leveraging the latest in digital marketing, social media, and targeted local SEO, Anthony ensures each listing reaches its fullest potential in visibility and appeal. His embrace of innovative strategies and technologies positions his clients for success in today's dynamic luxury market.
Anthony is known for a client-first philosophy, placing priority on understanding and elevating each client's vision. This commitment to excellence has cultivated long-standing relationships and earned him a reputation as a skilled negotiator who consistently achieves favorable outcomes
Modern Marketing & Cutting-Edge Exposure
Client-Centered Excellence
Exceptional Market Insight & Strategic Approach
Anthony Rocco Macedo
REALTOR®
REDEFINING
SERVICE IN REAL ESTATE
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Navigating today’s real estate market, whether you’re buying or selling, can feel overwhelming. The Macedo Real Estate Group understands how to guide clients through every step with clarity, strategy, and confidence. While the market may be challenging, homes are still being bought and sold every day across the Greater Toronto Area. The difference between a successful real estate experience and a stressful one often comes down to the details.
Whether you’re preparing to list your home, searching for the right property, negotiating an offer, or planning your next move, our team leaves no detail overlooked. Through proven sales strategies, effective marketing campaigns, strong negotiation skills, and an extensive network, the Macedo Real Estate Group is committed to helping you make informed decisions. We also use technology and innovation to maximize exposure for sellers, identify the right opportunities for buyers, and create a smoother experience from start to finish.
This guide was created to educate, support, and empower you, whether you’re selling your home, buying your next one, or doing both. Choosing the right real estate team matters, and our goal is to help you move forward with confidence.
When we say we’re “redefining service in real estate,” we mean it. Our clients come first. We’ll help you understand what needs to happen for a successful sale, a smart purchase, and a seamless transition. Every real estate transaction has many moving parts, and you can count on us to be there throughout the process, making sure nothing is overlooked.
With a proven track record, the right skill set, and years of experience, the Macedo Real Estate Group has the tools, knowledge, and commitment to help you achieve your real estate goals. Whether you’re serious about selling, buying, or both, we’re serious about getting the job done.
Now more than ever, who you work with matters.
Danny Macedo
Sales Representative
Anthony Rocco Macedo
Sales Representative
Royal LePage® Supreme Realty, Brokerage
110 Weston Road
Toronto, ON M6N 0A6
Call 416-535-8000
Text 647-931-5151
Copyright 2026. Macedo Real Estate Group, Danny Macedo, Sales Representative, Anthony Rocco Macedo, Sales Representative, Royal LePage Supreme Realty, Brokerage all rights reserved assumes no responsibility for the accuracy of any information shown. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.
Elite Broker Blogs
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What a Status Certificate Tells You About a Condo Before You Buy
What a Status Certificate Is
A status certificate is a document package issued by a condominium corporation that describes the financial and legal health of the building. In Ontario, a condominium corporation is required by the Condominium Act to provide one within ten days of a request, for a fee that is currently capped at $100.
If you are buying a resale condo, your offer should include a condition allowing you to review the status certificate. If you are buying without conditions, you are accepting whatever is in that document, whether you have read it or not.
The certificate is not light reading. It typically runs 80 to 200 pages. Most buyers hand it to their lawyer and never look at it. That is a reasonable approach, provided your lawyer actually reads it and flags the things that matter. What follows is a guide to the sections you should understand yourself, so you can ask the right questions.
The Reserve Fund Study
Every condominium corporation is required to have a reserve fund study conducted every three years. The study projects the major repair and replacement costs the building will face over the next 30 years, including the roof, the elevators, the windows, the mechanical systems and the parking structure, and assesses whether the reserve fund has enough money to cover them.
The number to look for is the closing balance of the reserve fund compared to the recommended balance. If the reserve fund is significantly below the recommended level, the corporation will need to either increase monthly contributions or levy a special assessment to close the gap. Both cost you money.
A special assessment is a one-time charge to all unit owners, and it can be substantial. Assessments of $10,000 to $50,000 per unit are not uncommon in older buildings that have deferred maintenance. If a special assessment has been approved or is under discussion, it will appear in the status certificate. If one is likely based on the reserve fund shortfall, your lawyer should flag it even if it has not been formally proposed.
The Financial Statements
The status certificate includes the corporation's most recent audited financial statements. These tell you whether the corporation is running a surplus or a deficit, how the money is being spent, and whether the monthly maintenance fees have been increasing, and by how much.
Look at the trend over the past three to five years. A building that has been raising fees by two or three per cent annually is managing its costs. A building that has raised fees by ten per cent in a single year either had a problem it was not planning for, or was undercharging for years and is now catching up. Either way, expect further increases.
Also check whether the corporation is carrying any outstanding loans. Some corporations borrow to fund major repairs rather than levy a special assessment. The loan repayment is built into your monthly fees, and you are inheriting your share of the debt.
The Rules, Declarations and By-Laws
The status certificate includes the corporation's declaration, by-laws and rules. The declaration is the foundational document that defines the common elements, the unit boundaries, and the percentage of common expenses each unit is responsible for. The by-laws govern how the corporation is managed. The rules cover day-to-day matters like noise, pets, rentals and renovations.
Read the rules. They tell you what you can and cannot do with the unit. If you plan to rent it out, check whether there are rental restrictions or a cap on the number of units that can be rented at any one time. If you have a pet, check the pet policy. Some buildings prohibit certain breeds or impose weight limits. If you are planning a renovation, check what approvals are required.
These rules are enforceable. They are not suggestions. If you buy into a building that prohibits short-term rentals and you list the unit on a rental platform, the corporation can fine you and take legal action.
Litigation
The status certificate will disclose any current or pending litigation involving the corporation. This includes lawsuits the corporation has brought and lawsuits that have been brought against it.
Not all litigation is alarming. A corporation suing a contractor over deficient work is routine. A corporation being sued by a unit owner over governance issues is more concerning. Multiple lawsuits, or a pattern of litigation, suggests a corporation with internal conflict, which translates into higher legal fees, potential special assessments, and a building that is harder to sell when you are ready to move on.
Insurance
The certificate includes a summary of the corporation's insurance coverage. The key figure is the deductible. If the building's insurance carries a $100,000 deductible and a water leak in your unit causes damage to the common elements or to units below you, you may be responsible for that deductible. Your personal condo insurance should cover it, but only if you have purchased sufficient coverage, and only if you knew the deductible amount when you set your policy.
Check the deductible. Tell your insurance broker. Adjust your coverage accordingly. This is one of the most commonly missed steps in a condo purchase.
What Your Lawyer Should Tell You
A competent real estate lawyer will review the status certificate and provide you with a summary letter identifying any concerns. If they do not, ask for one. The things that should appear in that letter are: the reserve fund position relative to the recommended balance, any approved or proposed special assessments, any current litigation, any unusual rules that affect your intended use of the unit, and the insurance deductible.
If your lawyer reads the certificate and says everything is fine, ask them to be specific. "Fine" is not a legal opinion. "The reserve fund is fully funded, there are no pending special assessments, no active litigation, and no rental restrictions" is.
If you are considering a condo purchase in the GTA and want to understand what to look for before you make an offer, call me at 416-560-4983. I will help you ask the right questions before the status certificate arrives, not after.
Danny Macedo, Macedo Real Estate Group, Royal LePage Supreme Realty, Brokerage.
