Financial Management

Bill 91

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.
capital repair

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.
minimum wage

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.
property crime

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

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

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. 
governing documents

Enforcing the governing documents

How can a property manager or board member understand what steps to take when enforcing the governing documents?
AI

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:
mortgage fraud

What to do after falling victim to mortgage fraud

If you are the victim of mortgage fraud involving a mortgage lender and a third-party fraudster, chasing after the fraudster should be secondary to taking immediate steps to try and preserve your rights and prevent your condo from being sold.
condo

Actuaries garner new insight into condo finances

The Canadian Institute of Actuaries’ latest insight statement on the longevity of condo infrastructure explores several risks.
trust

On trust and transparency in condos

As the cornerstone of condominium living, trust is, oddly, seldom spoken about amongst owners and residents.
condos

Who will manage all the future condos in Ontario?

Ontario's condo management industry is calling for change as the province plans to build 1.5 million homes in 10 years, including a large number of new condos.
HVAC

Putting HVAC maintenance in the spotlight

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.
windows

‘Windows’ of opportunity for home retrofits 

In low-rise homes, including condos, up to 35 per cent of heated air can be lost through the windows during the heating season.
Ontario offers bonus incentives on retrofits

Ontario offers bonus incentives for retrofits

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.
auditor

Auditors and annual general meetings

As we emerge from the pandemic, some boards of directors are considering a return to in-person annual general meetings.
Multifamily remains favoured investment asset

Multifamily remains favoured investment asset

Industry analysts cite Canada’s demographic trends and seemingly chronic housing supply-demand imbalance as fundamentals that should drive robust returns on new purpose-built rental projects.