Financial Management
Creating a career path for condo managers
Rallying future condo managers to join the industry, including young professionals, requires a great deal of awareness, which is currently lacking.
Governing condos in Alberta
Condos are ideally designed to operate with relative simplicity and in a well-managed complex there is a measure of security and community.
Ontario condo managers grapple with price hikes
As multi-residential buildings grapple with rising construction costs, condo managers in Ontario are experiencing the impacts up close.
Unconventional ways condos can reduce capital project costs
Ongoing challenges to capital replacement project costs are wreaking havoc on already stressed reserve funds and causing anxiety for boards and property managers throughout the province.
Bulk contracts post Rogers outage
Most bulk agreements have clauses that allow the incumbent to match or beat any new telco’s offer once the initial agreement has expired.
Construction costs rattle the condo industry
Construction cost increases are a significant concern if a condo needs to complete work in the next year or so. But the concern isn't just the here and now.
Housing supply-demand imbalance set to persist
Recent CMHC analysis concludes that approximately 3.5 million additional dwelling units are needed to meet demand and pull prices back into closer alignment with purchasers’ and tenants’ incomes.
Plugging into the future of EV charging
New buildings are subject to laws and regulations, which require them to be compatible with EVCs.
Uptick in fraud a wake-up call for condos
In these economically trying times, as one would expect, fraud has been rearing its ugly head. Unfortunately, condominium corporations have increasingly become an easy target.
Detoxifying the condo manager’s workplace
It’s hard to imagine that there’s a condo manager anywhere in Ontario who would describe their job as easy. The breadth and depth of knowledge required to do the job well are astounding.
Engaging next-gen condo managers
Over a million residents live in condos, and more buildings are being built today than ever before.
Special assessments foreseen as CPI rises
Coming out of an extended period of low inflation, many condo boards will confront reserve fund shortfalls as the consumer price index now pushes up toward 7 per cent.
How to prepare properties for tornado season
The deadly storm that devastated large parts of Southern Ontario on Saturday did so with little warning. In its aftermath,10 people are dead and the tornado-grade winds of the storm, called a ‘derecho,’ left behind massive damage and destruction.
Warding off water damage
As the rapid growth of condominium living in Canada continues, corporations and their suite owners need to be on alert for water damage.
Inflation impacts condo budgeting
The phenomenon of price increases and shortage of items is affecting every aspect of daily life, including common element fees, which are paid each and every month to both new and old condominium corporations.
Electricity price embedding cycle begins anew
Ontario’s large commercial customers will have somewhat more straightforward parameters for carving out their share of the global adjustment as they prepare for expected summer peak demand.
Fair condo elections at stake as Ontario consults on e-voting regs
In this new frontier of e-voting lies a confluence of ethical factors that should be considered ahead of permanent changes to the Condo Act.