Risk Management

fire-hazard-945x514

TSSA gives residents fuel safety tips

The province’s fuels-safety regulator is advising residents and property managers of important fuel-related safety tips as they work to recover from devasting flooding.
flooding

In deep water

Extreme weather events are directly impacting the cost of residential property insurance, but there are ways to keep rising costs at bay.
Ontario Fire Code

Ontario Fire Code to add steeper fine bracket

More stringent fines and an extended period for prosecutions are slated to come into force 30 days after the Ontario legislature adopts the Budget Measures Act.
clothing donation bins

Clothing donation bins may pose liability risk

Commercial property owners who host clothing donation bins could run afoul of their province's Occupiers Liability Act or Occupational Health and Safety Act should an incident occur.
flood

Flood recovery in four steps

There are four basic steps that those responsible for a property need to take to help manage disasters such as floods.
salt

Higher winter maintenance costs anticipated

Private property owners in Ontario, including condo corporations, could find themselves paying a premium to keep their walkways safe this winter.
cryptocurrency

Cryptocurrency risks, blockchain potential

Could the recent sale of a Toronto condo for cryptocurrency be the first sign of a shift in the condo industry towards use of digital currencies?
#TorontoFlood

Takeaways from #TorontoFlood

At least one condo corporation is facing what is likely to be a steep repair tab after Toronto was drenched with a month’s worth of rain on Aug. 7.
cannabis

Recreational cannabis use to become legal this fall

Is it time for condo boards and property managers to brace for reefer madness? It may depend on which condo lawyer they ask.
furniture

Lounge furniture targeted as multi-res fire risk

Some condo lobbies may be looking spare lately because the lounge furniture that usually occupies these spaces is being targeted as a fire risk.
risks to commercial real estate

Balancing the risks to commercial real estate

Senior ranking valuation specialists agreed that new uncertainties around fraying trade agreements, political instability and climate volatility have broadened the scope of their worries well beyond rising interest rates.
Accessibility certification

Accessibility certification fills industry void

Much of the existing building stock falls short of the universal design ideal, but RHFAC can help owners/managers identify impediments to access and set priorities to address them.
accessibility

Simple design choices support accessibility

Condominium boards and managers have been increasingly seeking advice on how to make accessibility improvements in older buildings.
lighting design

Lighting design that illuminates condo security

Lighting design can make a big difference in the safety and security of a condominium.
stranded asset potential

Climate risk raises stranded asset potential

Worldwide escalating tallies of damage from storms and drought-related phenomena are indisputably capturing the commercial real estate industry's attention.
elevators

Required upgrades to single-speed elevators lifted

The TSSA recently lifted the requirement to undertake certain upgrades to the controls of single-speed elevators, but it doesn’t mean building owners should abandon modernization.
integrated security systems

Integrated security solutions add new layer

The intrusion detection system (IDS) is slowly being incorporated into integrated security solutions in condominiums.