Financial Management
The intricacies of EV infrastructure remain at odds with condo legislation
The electric vehicle landscape is complex, ever-changing and at the cutting edge of technology. For condominium corporations and their owners, this means that there is no one-size-fits-all solution.
Addressing hidden damages in condominiums
Condo managers who understand a condo’s life stages, hidden damages, and inspections are more likely to develop effective reserve fund plans with logical budget allotments.
Defaulted real estate loans on the upswing
Many creditors and debtors are now grappling with the fallout from a largely unexpected change in market conditions over the course of their loan agreements.
Pushing for a workplace culture shift
Condo managers are familiar with hostile work environments, but cases of harassment and intimidation, and even violence, have reportedly increased due to a confluence of factors.
Overhauling reserve funds in Ontario
As the landscape of aging condos continues evolving, the need for adequate reserve funds to pay for these repairs assumes greater importance.
What’s next for condominium insurance?
Timely maintenance and improvements will play an important role in securing favourable coverage terms and avoiding delays in the renewal process.
Interest rates subdue multifamily developers
Fallout from higher interest rates may continue to subdue multifamily development, but lenders express more confidence in prospects for new purpose-built rental and high-rise condominium projects next year.
Continuing education for condo board directors
Even though the Condominium Authority of Ontario’s online mandatory training program provides a solid foundation, directors can never stop learning and continue to gain experience over their terms.
The call for safer condos in Ontario
Conflicts and disputes within Ontario’s condo communities are fueling a conversation around safety reform and adding pressure to make residential buildings better places to live and work.
Bill 91: permission given but details missing
Condo corporations can thank the pandemic for the modernization of how meetings, voting and service of documents occur for communities in Ontario.
Unintended consequences in capital repair planning
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.
The impact of minimum wage increases
This minimum wage increase is larger than most in recent history, second only to that imposed on January 1, 2018.
Mitigating the risk of property crime
While 2020 boasted the lowest property crime rate in more than 50 years, crime rates have not continued to sink since then.
Ontario keeps clinging to 2016 market values
The recent regulation to postpone Ontario's property reassessment for another year stretches the assessment cycle to double its originally intended time span.
Condo managers breaking gender stereotypes
The underrepresentation of women is a prevailing narrative across the traditionally male-dominated building sector, but the world of condo management tells another story.
Enforcing the governing documents
How can a property manager or board member understand what steps to take when enforcing the governing documents?
Legal implications of AI in condo management
AI in condominium property management can have several legal implications, depending on how it is implemented and used. Here are some important legal considerations: