REMI

Financial Management

bulk contracts

Bulk contracts post Rogers outage

Most bulk agreements have clauses that allow the incumbent to match or beat any new telco’s offer once the initial agreement has expired.
rental homes incentives stream

Construction costs rattle the condo industry

Construction cost increases are a significant concern if a condo needs to complete work in the next year or so. But the concern isn't just the here and now.
Housing supply-demand imbalance set to persist

Housing supply-demand imbalance set to persist

Recent CMHC analysis concludes that approximately 3.5 million additional dwelling units are needed to meet demand and pull prices back into closer alignment with purchasers’ and tenants’ incomes.
EV

Plugging into the future of EV charging

New buildings are subject to laws and regulations, which require them to be compatible with EVCs.
fraud

Uptick in fraud a wake-up call for condos

In these economically trying times, as one would expect, fraud has been rearing its ugly head. Unfortunately, condominium corporations have increasingly become an easy target.
condo manager

Detoxifying the condo manager’s workplace

It’s hard to imagine that there’s a condo manager anywhere in Ontario who would describe their job as easy. The breadth and depth of knowledge required to do the job well are astounding.
condo

Engaging next-gen condo managers

Over a million residents live in condos, and more buildings are being built today than ever before.
Special assessments foreseen as CPI rises

Special assessments foreseen as CPI rises

Coming out of an extended period of low inflation, many condo boards will confront reserve fund shortfalls as the consumer price index now pushes up toward 7 per cent.
tornado

How to prepare properties for tornado season

The deadly storm that devastated large parts of Southern Ontario on Saturday did so with little warning. In its aftermath,10 people are dead and the tornado-grade winds of the storm, called a ‘derecho,’ left behind massive damage and destruction.
water damage

Warding off water damage

As the rapid growth of condominium living in Canada continues, corporations and their suite owners need to be on alert for water damage.
condo budgeting

Inflation impacts condo budgeting

The phenomenon of price increases and shortage of items is affecting every aspect of daily life, including common element fees, which are paid each and every month to both new and old condominium corporations.
Electricity price embedding underway for 2023-24

Electricity price embedding cycle begins anew

Ontario’s large commercial customers will have somewhat more straightforward parameters for carving out their share of the global adjustment as they prepare for expected summer peak demand.
e-voting

Fair condo elections at stake as Ontario consults on e-voting regs

In this new frontier of e-voting lies a confluence of ethical factors that should be considered ahead of permanent changes to the Condo Act.
maintenance and repair

Cases shed light on maintenance and repair obligations in condos

Maintenance and repair obligations of both owners and condo corporations are defined in the Condominium Act, which sets out the minimum default obligations. T
reserve funds

Condos at high risk from reserve fund shortfalls

The growing crop of condo owners across Canada will likely encounter huge annual fee increases and lump-sum payments due to low reserve fund contributions, authors of a new research report are warning.
criminal code

Potential cost of CMRAO’s discipline process

In a recent case, two condominium corporations complained to the CMRAO about a manager’s failure to turn over records following termination of the management contract.
insurance

The hidden risks of switching insurers

There are many reasons why switching providers is in the best interests of the condo, but there may be hidden risks. Unbeknownst to many policyholders, changing insurers can create a gap in coverage that can expose the corporation to significant financial consequences.