Financial Management
Pushing for a workplace culture shift
Condo managers are familiar with hostile work environments, but cases of harassment and intimidation, and even violence, have reportedly increased due to a confluence of factors.
Overhauling reserve funds in Ontario
As the landscape of aging condos continues evolving, the need for adequate reserve funds to pay for these repairs assumes greater importance.
What’s next for condominium insurance?
Timely maintenance and improvements will play an important role in securing favourable coverage terms and avoiding delays in the renewal process.
Interest rates subdue multifamily developers
Fallout from higher interest rates may continue to subdue multifamily development, but lenders express more confidence in prospects for new purpose-built rental and high-rise condominium projects next year.
Continuing education for condo board directors
Even though the Condominium Authority of Ontario’s online mandatory training program provides a solid foundation, directors can never stop learning and continue to gain experience over their terms.
The call for safer condos in Ontario
Conflicts and disputes within Ontario’s condo communities are fueling a conversation around safety reform and adding pressure to make residential buildings better places to live and work.
Bill 91: permission given but details missing
Condo corporations can thank the pandemic for the modernization of how meetings, voting and service of documents occur for communities in Ontario.
Unintended consequences in capital repair planning
Capital repair planning in the condominium market is a crucial aspect of maintaining and improving aging buildings. However, it is essential to recognize that decisions made in this process can have unintended consequences.
The impact of minimum wage increases
This minimum wage increase is larger than most in recent history, second only to that imposed on January 1, 2018.
Mitigating the risk of property crime
While 2020 boasted the lowest property crime rate in more than 50 years, crime rates have not continued to sink since then.
Ontario keeps clinging to 2016 market values
The recent regulation to postpone Ontario's property reassessment for another year stretches the assessment cycle to double its originally intended time span.
Condo managers breaking gender stereotypes
The underrepresentation of women is a prevailing narrative across the traditionally male-dominated building sector, but the world of condo management tells another story.
Enforcing the governing documents
How can a property manager or board member understand what steps to take when enforcing the governing documents?
Legal implications of AI in condo management
AI in condominium property management can have several legal implications, depending on how it is implemented and used. Here are some important legal considerations:
What to do after falling victim to mortgage fraud
If you are the victim of mortgage fraud involving a mortgage lender and a third-party fraudster, chasing after the fraudster should be secondary to taking immediate steps to try and preserve your rights and prevent your condo from being sold.
Actuaries garner new insight into condo finances
The Canadian Institute of Actuaries’ latest insight statement on the longevity of condo infrastructure explores several risks.
On trust and transparency in condos
As the cornerstone of condominium living, trust is, oddly, seldom spoken about amongst owners and residents.