Financial Management

condo market

Condo market offers hope amid housing woes

Those seeking more affordable housing options are finding a cure-all in the condo market, which offers affordability, availability, amenities, and neighbourhood liveability.
surfside

The fatal flaws behind the Surfside condo collapse

Building failures of this horrific scope are seldom seen in North America. But it is important to examine what happened so we can learn and prevent similar collapses in the future.
security

Recent thefts draw attention to condo security

A few Toronto-based condos authorized a “safety and security” committee, made up of owners, to research security concerns and solutions and advise the board of directors.
vaccine policies

The legalities of vaccine policies in condos

An increasing number of condos within the last two months have implemented mandatory vaccination policies, which apply to indoor common element amenity users and on-site employees.
privacy

Data privacy faces renewed scrutiny in condos

Maintaining residents’ privacy is nothing new in condos, but optional vaccine policies are bringing more relevance to the issue of anonymity. .
condo board

A condo board’s guide to fixing people problems

If one board director considers another director problematic, despite an excellent board orientation, it is time to act.
condos

Aging condos can learn new tricks

As appealing as old buildings are, they do present some unique challenges for residents. Often, these aging developments hang on to old processes.
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.