The Condominium Authority of Ontario has released preliminary findings on the state of reserve funds and owners’ awareness of their importance.

The causes of water leaks are often related to materials, installation, maintenance and operational issues.

Toronto relies heavily on manual review processes for oversight of approximately 8,400 registrants currently approved to offer short-term rental accommodations in their principal residences.

In a recent case, a condominium found itself at the centre of a significant security challenge posed by a resident.

The Peel Regional Police Service is one jurisdiction that is leading a program that focuses on high-rise safety and resident well-being.

With costs on the rise, many condominiums are choosing to retain independent contractors to provide superintendent and/or cleaning service.

A deep clean and thorough inspection are extra important for newly built homes during the spring season to help identify and address any damage or defects.

As time and usage take its toll, plumbing systems deteriorate and improper and deferred maintenance lead to disastrous results.

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.

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.

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.

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.

As the landscape of aging condos continues evolving, the need for adequate reserve funds to pay for these repairs assumes greater importance.

Timely maintenance and improvements will play an important role in securing favourable coverage terms and avoiding delays in the renewal process.

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.

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.

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.