CondoBusiness - Capital Upgrades & Retrofits
REMI

Capital Upgrades & Retrofits

procurement

Prioritizing value in engineering procurement

Condo boards face mounting pressure to manage reserve funds efficiently while protecting future owners from unnecessary financial strain.
strata

B.C. strata sector overdue for reform

Some members of British Columbia’s strata sector are raising the alarm about depleted reserve funds and looming special levies, while also calling on the provincial government to undertake a full review of the Strata Property Act.
roberts

Common element alterations carry legal risks

Every improvement that touches the common elements brings legal and operational consequences. How bulk indemnity agreements can offer long-term protection and cost-efficiency, help resolve historical issues, and streamline future requests.
balconies

Cracks and corrosion put condo balconies at risk

Aging condo balconies demand structural repair and upkeep to remain safe.
retrofits

Barriers stall deep energy retrofits in condo sector

Condominiums are among the fastest-growing types of housing, a trend that is particularly significant in a country where the built environment accounts for roughly 18 per cent of all greenhouse gas emissions.
financial

Weak financial oversight puts condo owners at risk

The sheer scale and complexity of condos demand a level of financial governance equivalent to any major business.
performance audit

Performance audits: what new condo board members need to know

When condo owners join the board of a newly registered condominium project, they’ll often face a lot of new processes and terminology that they’re not familiar with. One of the most significant is a performance audit.
Condo

Condo corporations brace for increased costs

Many condo corporations have already seen much higher prices for capital projects. How will the trade war create further impacts?
renovation

Leveraging Ontario’s renovation savings program

Beyond heating and cooling, the new program covers modern energy efficiency solutions, including solar panels and battery storage.
owners

How to avoid ambushing owners with difficult news

An all-too-common occurrence at owners’ meetings is the surprise residents feel when financial shortfalls for major capital repair projects are up for discussion. Some would
Ontario recharges energy efficiency budget

Ontario recharges energy efficiency budget

Ontario’s energy efficiency budget has been recharged with a pledged 12-year, $10.9-billion spending strategy that significantly boosts funding for commercial, industrial, institutional and residential electricity customers.
shared facilities

The pitfalls of shared facilities agreements

A shared facility agreement is often a quagmire of legal mumbo jumbo that is next to impossible to interpret.
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?
condo

Eco-friendly condo upgrades

Reaching net zero by 2050 means sustainability targets for new and existing condo buildings will need to change quickly.
CAO

CAO releases report on state of reserve funds

The Condominium Authority of Ontario has released preliminary findings on the state of reserve funds and owners’ awareness of their importance.
water leaks

Managing water leaks 101

The causes of water leaks are often related to materials, installation, maintenance and operational issues.
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.