Financial Management
Who will manage all the future condos in Ontario?
Ontario's condo management industry is calling for change as the province plans to build 1.5 million homes in 10 years, including a large number of new condos.
Putting HVAC maintenance in the spotlight
What HVAC contractors do, or don’t do, during maintenance has a significant impact on the repairs, service calls and utilities consumed by mechanical equipment.
‘Windows’ of opportunity for home retrofits
In low-rise homes, including condos, up to 35 per cent of heated air can be lost through the windows during the heating season.
Ontario offers bonus incentives for retrofits
Bonus incentives for energy efficiency upgrades will be available to select commercial and multifamily landlords and condominium corporations in Ontario during the second and third quarters of 2023.
Auditors and annual general meetings
As we emerge from the pandemic, some boards of directors are considering a return to in-person annual general meetings.
Multifamily remains favoured investment asset
Industry analysts cite Canada’s demographic trends and seemingly chronic housing supply-demand imbalance as fundamentals that should drive robust returns on new purpose-built rental projects.
Rental demand spotlights tenant relationships
As condos supply the surging demand for rental housing many corporations may be experiencing a rise in tenant-occupied units.
Legislation escalating condo manager workloads
There are many problems with having property managers act as a condo’s legal representative in a CAT application.
How technology can revolutionize the governance of shared-ownership properties
What if there was an easy way to improve participation in governance to achieve a higher standard, particularly on questions of significant importance?
Rethinking staffing models amid a labour shortage
How new staffing solutions could improve a property manager’s working conditions and ease the labour shortage.
Maintaining healthy contractor relationships
Construction and project planning, now more so than ever, must assign realistic expectations of scheduling and staging to meet contractor and material availability.
Condo project financing confronts new math
More cautious criteria for condo project financing could upend some development pro formas and potentially constrain housing starts in the coming months.
Existing condos: rising to modern standards
New regulations from multiple levels of government are forcing condominium boards and property management companies to consider more than just a simple cost-benefit calculation when examining repair and retrofit options.
Freeing-up time for capital projects
Achieving a more symbiotic approach to property management requires understanding the crucial tie between leading-edge occupant services and proactive maintenance.
There’s no eye for an eye in team
Making decisions as a team and standing together as a team is a key component to success.
Creating a career path for condo managers
Rallying future condo managers to join the industry, including young professionals, requires a great deal of awareness, which is currently lacking.
Governing condos in Alberta
Condos are ideally designed to operate with relative simplicity and in a well-managed complex there is a measure of security and community.