REMI

Risk Management

aging

Anticipating the needs of aging condo communities

New updates to the OBC, which come into effect January 1, 2025, do little to address accessibility. How can existing condos prioritize inclusion when planning for renovations?
employment

Five reasons to review employment contracts

Outdated employment contracts expose condo corporations to financial and legal risks they could otherwise avoid.
water leaks

Managing water leaks 101

The causes of water leaks are often related to materials, installation, maintenance and operational issues.
Short-term rental registry stuck in manual

Short-term rental registry stuck in manual

Toronto relies heavily on manual review processes for oversight of approximately 8,400 registrants currently approved to offer short-term rental accommodations in their principal residences.
security

Legal case puts spotlight on condo security

In a recent case, a condominium found itself at the centre of a significant security challenge posed by a resident.
flood

Helping condos stay afloat during a flood

The immense flooding that occurred recently across the GTA led to massive evacuations and widespread power outages and is just one example of the increasing severity of natural disasters.
emergency

Initiative seeks to close emergency response gaps

The Peel Regional Police Service is one jurisdiction that is leading a program that focuses on high-rise safety and resident well-being.
Canada bolsters guard against money laundering

Canada bolsters guard against money laundering

Title insurers, real estate brokers and sales representatives will have new obligations to guard against money laundering and terrorist financing under proposed federal regulations.
fire safety

Residents figure into fire safety knowledge gap

The province also saw the total number of fatal fires rise to 109. Within many condos, there is a critical gap between fire safety and resident knowledge.
independent contractors

Tips for hiring independent contractors

With costs on the rise, many condominiums are choosing to retain independent contractors to provide superintendent and/or cleaning service.
spring maintenance

Spring maintenance for newly built homes

A deep clean and thorough inspection are extra important for newly built homes during the spring season to help identify and address any damage or defects.
plumbing

Keeping plumbing maintenance from plummeting

As time and usage take its toll, plumbing systems deteriorate and improper and deferred maintenance lead to disastrous results.
condominiums

Addressing hidden damages in condominiums

Condo managers who understand a condo’s life stages, hidden damages, and inspections are more likely to develop effective reserve fund plans with logical budget allotments.
depreciation reports

Considerations for deferring capital project work

The industry panel discussed what capital repairs and replacement costs could potentially be deferred by prolonging the life of various building components and what professional resources to seek for guidance.
Defaulted real estate loans on the upswing

Defaulted real estate loans on the upswing

Many creditors and debtors are now grappling with the fallout from a largely unexpected change in market conditions over the course of their loan agreements.
managers

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.
reserve funds

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.