condo finances
CondoBusiness
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.
CondoBusiness
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.
CondoBusiness
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.
CondoBusiness
Condo finances feel the COVID effect
The pandemic has altered an interesting and often overlooked item in the budget, which is not a cost at all, but a loss of revenue.
CondoBusiness
Insurance crisis affecting reserve fund planning
The insurance crisis in condominiums is affecting how boards are planning for disasters in Ontario.
CondoBusiness
Preventing mismanaged finances on condo boards
Whether by corruption or incompetence, condo boards that mismanage their multi-million dollar budgets and reserve funds are a recurring problem.