CondoBusiness - Financial Management
REMI

Financial Management

procurement

Prioritizing value in engineering procurement

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

Insurance market shift demands budget vigilance

The high insurance premiums that have rattled Ontario’s condo corporations are declining after years of substantial increases, but industry professionals are cautioning boards to remain vigilant about various insurance-related risks that can impact their budgets.
amenity

Renewing amenity spaces in midtown Toronto

At 319 Merton Street in Toronto, the condo board recently completed a comprehensive refurbishment of its nearly 20-year-old amenity floor.
common areas

Refreshing common areas without construction

Minor updates can dramatically shift how a building feels without the cost, disruption, or timeline of a full renovation.
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.
condo management

Condo management struggles with talent crunch

Staffing shortages have long plagued the condo management sector and a tough labour market isn’t entirely to blame.
condos

Condos navigate boardroom politics

A well-run board can hold a community together, but when power struggles, secretive meetings, and passive-aggressive emails take over, condos can feel less like a home and more like a political thriller.
Condominium market collapse brews change

Condominium market collapse brews change

Untenable pro formas, skittish lenders and reluctant buyers are intertwined features of a condominium market collapse destined to further complicate Canada’s affordable housing shortage.
condo fees

Ontario condo fees outpace other provinces

Condo fees in Ontario are both a necessity and a point of contention for many owners. What do monthly increases mean for owners and prospective buyers?
B.C. real estate sector gets PST surprise

B.C. real estate sector gets PST surprise

Commercial and residential landlords and strata corporations in British Columbia face a 7 per cent increase on some key operational costs, set to kick in on Oct. 1, 2026.
overcrowded

Condos grapple with overcrowded units

Overcrowding is difficult to address and even harder to resolve, especially when governing documents provide little clarity.
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.
Slumping new condo sales have ripple effect

Slumping new condo sales have ripple effect

A fix to revive slumping new condo sales will be tricky to execute in current market conditions, which have chased off investors in Toronto and Vancouver.
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.
reasonable

Recent cases clarify reasonable conduct

Being reasonable is a fundamental aspect of condominium living, but it is not always easy to determine what it means to act reasonably within shared spaces.
Non-profit organizations tapped for big reveal

Non-profit organizations tapped for big reveal

Proposed new filing requirements reflect the Canadian government's intention to enumerate a segment of the tax-exempt sector that has been largely unquantified.
short-term-rentals

Short-term rentals: what to know in 2025

Failing to regulate short-term rentals within the building may lead to increased conflict with local bylaws, heightened insurance risk, and strain on community resources.