Capital Upgrades & Retrofits
Capital repair planning in the condominium market is a crucial aspect of maintaining and improving aging buildings. However, it is essential to recognize that decisions made in this process can have unintended consequences.
This minimum wage increase is larger than most in recent history, second only to that imposed on January 1, 2018.
The Canadian Institute of Actuaries’ latest insight statement on the longevity of condo infrastructure explores several risks.
What HVAC contractors do, or don’t do, during maintenance has a significant impact on the repairs, service calls and utilities consumed by mechanical equipment.
In low-rise homes, including condos, up to 35 per cent of heated air can be lost through the windows during the heating season.
Bonus incentives for energy efficiency upgrades will be available to select commercial and multifamily landlords and condominium corporations in Ontario during the second and third quarters of 2023.
How new staffing solutions could improve a property manager’s working conditions and ease the labour shortage.
New regulations from multiple levels of government are forcing condominium boards and property management companies to consider more than just a simple cost-benefit calculation when examining repair and retrofit options.
Achieving a more symbiotic approach to property management requires understanding the crucial tie between leading-edge occupant services and proactive maintenance.
Rallying future condo managers to join the industry, including young professionals, requires a great deal of awareness, which is currently lacking.
Condos are ideally designed to operate with relative simplicity and in a well-managed complex there is a measure of security and community.
As multi-residential buildings grapple with rising construction costs, condo managers in Ontario are experiencing the impacts up close.
Ongoing challenges to capital replacement project costs are wreaking havoc on already stressed reserve funds and causing anxiety for boards and property managers throughout the province.
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.
New buildings are subject to laws and regulations, which require them to be compatible with EVCs.
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.
As policies continue to change and the labour shortages remain unsettled, managers must continue to ride the waves.