Financial Management

condo auditors

What board directors should ask condo auditors

It’s important for board members to review the draft financial statements and know what questions to ask their condo auditor before giving their approval.
decisions about money

Condo corporation facing a special assessment?

Making tough financial decisions will never be easy, but making the right tough decisions gets easier if condo directors follow these five principles.
HST

HST misconception a sleeping giant

HST has been flying under the radar and could become a potentially significant liability for condo corporations.
maintenance fees

How climate change could affect maintenance fees

Maintenance fees are based on historic norms, stable benchmarks and logical predictions. What happens when those predictions no longer fit the weather?
condominium audit

Condo audits uncover four common issues

During condominium audits, certain issues related to financial or operational matters may need to be highlighted to management and the board.
condominium

Five top talking points for condo communities

Generate the biggest bang for the corporation’s communication buck by focusing on five important talking points.
reserve fund

Coming back from reserve fund shortfalls

In an ideal world, condominium owners are satisfied with the way their corporation is run, fees are comparable to the condominium down the street, major
Commercial refrigeration

How to start an energy-saving campaign

A property manager walks through how condo boards can combat rising utility bills by starting an energy-saving campaign.
investment

A checklist for setting condo budget priorities

The condo budget may not be sexy, but it's very important as the corporation's financial plan. A senior property manager offers tips for setting priorities.
Brant Park

Demystifying condominium reserve fund studies

Reserve fund studies can be a sensitive topic for property managers, unit owners or board members. An expert shares common problems and possible solutions.
Finance

The long-term costs of lowering maintenance fees

Maintenance fees are currently a hot topic. Some suggest lower fees improve affordability and resale value; others warn of potential long-term consequences.
cap-and-trade costs

Utilities flagged for cap-and-trade costs

Ontario's greater reliance on natural gas heating will likely make cap-and-trade charges more noticeable than they have been thus far in Quebec.
Brant Park

Budget prep for condo managers

Each year, every condominium corporation requires a budget to be prepared, approved and circulated to unit owners. This is both for information and transparency purposes,
assessment

Profit brings risk for condominium corporations

Federal scrutiny of tax exemptions could make profit risky for condominium corporations, industry and professional associations.
Carbon monoxide gas stove

4 tips to prevent carbon monoxide poisoning

To keep building occupants and staff safe, here are four tips to prevent carbon monoxide poisoning that property managers need to know.
Financial Management

Safeguarding a non-profit condo’s status

A non-profit condo corporation could lose its status if it generates income from activities that are not incidental to its overall non-profit activities.
Commercial refrigeration

Planning to ensure reserve funds are adequate

Condo boards must plan ahead and undertake studies to ensure than reserve funds are adequate for future major capital repairs and replacements.