Over the course of the last few weeks, many condo corporations have been asking whether they can defer owners’ common expense fee (CEF) payments or
The move was announced in response to the COVID-19 outbreak, but additionally opens a window to adjust the mechanics of the assessment process itself.
Boards and property managers of condos play a significant role in protecting residents during emergencies like the recent COVID-19 outbreak.
Perched on the edge of the waterfront, south of the Distillery District near Sugar Beach, Toronto’s first LEED Platinum high-rise condo stands in the Bayside
To plan for electrical system maintenance, it's helpful to understand how power is delivered to and distributed around the building.
Opponents of electronic voting are scared it will expose the archaic and flawed system of proxy voting for what it is: unnecessary and obsolete.
Whether by corruption or incompetence, condo boards that mismanage their multi-million dollar budgets and reserve funds are a recurring problem.
Knowing where to look – and what to look for – makes reviewing your financial statements easier. It will also bring to light any areas that require a deeper dive to ensure the corporation stays in a favourable financial position.
Some of the signals of potential malfeasance in real estate transactions are not obvious or only appear ominous when they are part of a pattern of questionable conduct.
The management of a condominium corporation is a shared assignment between the property manager and the board. While some boards may be more active than
After first postponing the date the legacy legislation from its predecessor would come into force, the provincial government now plans to repeal the New Home Warranty Act.
The British Columbia government expects to collect about $520 million in new annual revenue through additional residential property taxes and property transfer taxes.
The minimum wage hike may sting more in condo communities than others as they face new costs associated with recent changes to Ontario’s condo laws.
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.
Making tough financial decisions will never be easy, but making the right tough decisions gets easier if condo directors follow these five principles.
HST has been flying under the radar and could become a potentially significant liability for condo corporations.
Maintenance fees are based on historic norms, stable benchmarks and logical predictions. What happens when those predictions no longer fit the weather?