Tenants in our office space Toronto location here at Telsec are in for some good news. The federal government is moving forward August 1 with new measures to help Canadian consumers. Some of these new measures include:

• A shorter cheque-holding period
• A ban on unsolicited credit card cheques
• A new mortgage code of conduct

Every chance I get, I’m telling my friends and tenants at my Toronto office space that as of Wednesday, August 1, the maximum cheque-holding period will be FOUR business days for cheques not exceeding $1,500. Also, immediate access to the first $100 deposited by cheque in person at a branch, and on the next business day for cheques deposited by any other means such as ATM’s, must be available. The new rules will apply to cheques drawn on a financial institution located in Canada, deposited in Canada and issued in Canadian dollars.

Telsec’s office space Toronto clients and customers who occupy shared office space, or even those who commit to a shared office space or virtual office at One Yonge Street, have access to a CIBC ATM in the lobby. And being an ideal office for rent Toronto location, it’s only minutes away from the financial district and its major banks. There is also the Member One Credit Union (Operated by Luminus Financial) on the second floor of the Toronto Star Building. So this is great news for me and for all my colleagues renting Toronto office space at Telsec.

Did you know that credit card cheques are considered cash advances and include higher interest rates and fees and NO interest-free grace period? Well guess what? The new regulations will require the consent of borrowers before distribution of these “rip-off” credit card cheques.

A lot of the tenants here that rent Toronto office space are homeowners. Some of the new mortgage code regulations make it mandatory for federal financial institutions to outline carefully the differences between mortgage products, including ways to pay off a mortgage faster without incurring penalties. Banks will also be obliged to provide more information on how prepayment charges are calculated.

This reminds me a lot of the time I first started renting office space Toronto at Telsec over a decade ago. There were no hidden charges or fees and everything was made crystal clear from the beginning. So if an established, successful company that’s involved in office space Toronto leasing can do this, why can’t our banks and other major financial institutions? It’s about time.

More consumer-friendly changes also include:
• Cardholder consent for credit-limit increases.
• A minimum 21-day grace period on new purchases.
• A code of conduct for credit and debit cards to help small businesses (including the many who rent office space Toronto here at Telsec) deal with unfair practices and protect businesses from escalating costs.
• A ban on negative-option billing for financial products. (Negative-option billing occurs when goods or services are provided automatically, and the customer must either pay for the service or specifically decline it in advance of billing).
• Guidelines for making mortgage insurance more transparent, understandable and affordable through more comprehensive disclosures.
• Creating an independent Task Force on Financial Literacy to help consumers make the right financial choices.
• Establishing a Financial Literacy Leader in the Government.
• Legislation to protect users of prepaid cards.

I praise these initiatives by the federal government (even though I’m not a conservative. Lol). They offer easier and clearer choices for consumers – in the same way Telsec offers clearer, easy-to-understand Toronto office for rent options. In fact, this business centre here has 5 distinct Toronto serviced office options – from deluxe executive private offices starting at $495 per month to virtual office mail service for as low as $30 a month.

In other words, there is lots of choice and plenty of clarity. Hey banks, are you listening?

Looking to Learn More?

Shopping for an Office for Rent Toronto on the Internet

18 King Street East Suite 1400
Toronto, Ontario
M5C 1C4 Canada
416-574-1112

18 King Street East Suite 1400
Toronto, Ontario
Canada M5C 1C4
416-574-1112

Site Designed By Giant Shoe Creative.

Our Amenities

We are by far the most experienced and best coworking team in the market – established in 1980

We are the highest Tech centre in the market

We have a very modern, high quality, brand new facility located at:

18 King Street East, Suite 1400

Toronto, Ontario M5C 1C4 Canada

- 18 King Street East is a boutique Class A building – East of Yonge: easy street parking, less traffic, excellent restaurants and lovely parks – St. James Park @ Church & King and Berczy Park @ Wellington East, Scott and Front Streets – Very high energy and engaging area
- A few steps (a few seconds) to the Yonge Street subway/underground PATH network and streetcar available outside building
- Building is located in Toronto's vibrant financial district
- Plenty of parking available in the area including street parking and reserved parking in the 18 King building
- Adjacent to the building huge outdoor food courtyard - Beer Bistro www.beerbistro.com and Craft Beer Market www.craftbeermamrket.ca restaurants and bars with onsite catering services
- Onsite amenities: Tim Horton's, Beer Bistro, Convenience store and Starbucks across the street
- Nearby amenities: underground PATH network, numerous restaurants, banking, Starbucks plus a wide array of nearby shops and services
- New modernized office layout fully furnished with meeting spaces and training rooms plus café lounge area
- We are leaders in the service of training/meeting rooms with full conference facilities, high quality hot and cold catering
- Largest training room and conference facilities accommodate up to 60 people classroom style
- Ultra-high-speed - 1 GIG pipe = 1,000 x 1000 fiber-optic network, which will deliver internet connection speeds faster than most North American services
- Private shower room
- Indoor Reserved Parking at the current building rental rate
- Bicycle parking
- Rent a space to accommodate your team for meetings, training sessions, corporate events or coworking space or flexible office space for one day, one week, one month or one year, or whatever term suits your business
- Telsec has over 650 locations in 40 different countries worldwide available for their clients. Office clients receive up to 8 hours of meeting space per month at no charge at any ABCN member location. Plus, Office and Virtual Office clients may rent a space from any member location at special member rates which varies depending on the location
- King Edward Hotel is located across the street - recently completed a $40 million renovation and boutique hotels close by within walking distance

Dining and entertainment at high quality restaurants only minutes away – Carisma, Terroni, Woods Restaurant & Bar and Michelin Rated - Restaurant 20 Victoria. Plus numerous lunch and takeout eateries nearby

Please check out our 70 second video on our home page or click here:

Take a look at our facilities www.telsec.net

Telsec will Customize Your Client’s Office(s) Layout to Meet Their Requirements.

You are welcome to drop-in any-time, a quick call would be appreciated to ensure our availability Vanessa 416-574-1112 or Josie 416-606-4349 or e-mail josie@telsec.net.

Some good financial news for Toronto office space tenants – and all consumers

Looking to Learn More?

Shopping for an Office for Rent Toronto on the Internet

Let the Games Begin-London 2012 Olympics Games

Some good financial news for Toronto office space tenants – and all consumers

Looking to Learn More?

Shopping for an Office for Rent Toronto on the Internet

Let the Games Begin-London 2012 Olympics Games

Hotels

Restaurants

Health and Wellness

Our Amenities