Financial Management

Property tax premiums loom for non-resident purchasers and owners of Nova Scotia residential properties

Property tax premiums loom in Nova Scotia

Nova Scotia’s new provincial government is signalling looming surcharges for residential property purchasers and owners who pay their income tax in other jurisdictions.
reserve funds

Reserve funds ignore climate target impacts

We should be asking our reserve fund planners to look at the Paris accord target dates and compare the end-of-life replacement of our gas-burning appliances against the target dates.
EV

Scanning the road ahead for EV-ready condos

As the country moves to accelerate the adoption of electric vehicles, questions are brewing among people living in multi-unit dwellings.
vested interests

Who plays a role in managing vested interests?

Bonflict of interest on the board of directors is a topic that often raises ire of many owners and prospective buyers.
home buyers

Home buyers mull alternatives in overheated market

Some Canadians who are dreaming of buying a home are considering their options as housing prices remain out of reach in many markets over the past year.
condo collapse

Could a Florida condo collapse happen in Ontario?

How would this scenario unfold in Ontario? Leaving aside the construction process itself, there are vast differences between Ontario and Florida condominium laws that would have given the Champlain towers significant added protections following registration.
procurement

Three red flags of risky procurement practices

Federal scrutiny of condo procurement should be sufficient reason for diligent condo boards to examine their procurement practices.
windows

Condo windows: repair or replace?

For condo buildings built in the 1980’s or 1990’s, there is likely a window project coming up in the reserve fund study.
communication

Cases spotlight cost of poor communication

In some condos, communication channels break down or don’t exist, causing unnecessary expenditures that corporations and owners must incur.
waste

Multi-res tackles zero waste during COVID

A growing number of multi-res high rises across Toronto have continued to reduce waste during the pandemic.
condo finances

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.
deductibles

Insurance crisis affecting reserve fund planning

The insurance crisis in condominiums is affecting how boards are planning for disasters in Ontario.
repairs

Condos in precarious spot if small repairs sit idle

Should the corporation move forward with certain maintenance repairs if the issue has the potential to become exponentially worse?
elevator repair

Ontario advances elevator repair legislation

Ontario is kicking the dust off of elevator repair legislation, which was passed under the Liberal government in May 2018 but never proclaimed into law.
burnout

Condo managers face pandemic burnout

I am a licensed condominium property manager, I am in my early 30s, and I am completely burned out.
Celebrated attractions convey spinoff real estate value

Iconic sites convey spinoff real estate value

Niagara Falls, and Jasper are the two Canadian entrants on a largely European and American list of locales associated with celebrated global attractions.
Stockyards District

What the new Construction Act means for condos

Construction is a billion-dollar industry in Canada. While most large projects at condominiums proceed relatively smoothly, there is always risk of friction for contractors and