Financial Management
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.
Cases shed light on maintenance and repair obligations in condos
Maintenance and repair obligations of both owners and condo corporations are defined in the Condominium Act, which sets out the minimum default obligations. T
Condos at high risk from reserve fund shortfalls
The growing crop of condo owners across Canada will likely encounter huge annual fee increases and lump-sum payments due to low reserve fund contributions, authors of a new research report are warning.
Potential cost of CMRAO’s discipline process
In a recent case, two condominium corporations complained to the CMRAO about a manager’s failure to turn over records following termination of the management contract.
The hidden risks of switching insurers
There are many reasons why switching providers is in the best interests of the condo, but there may be hidden risks. Unbeknownst to many policyholders, changing insurers can create a gap in coverage that can expose the corporation to significant financial consequences.
Reducing talent shortages and employee churn
Many industries are experiencing shortages due to the pandemic. However, as we see the situation change to an endemic, the staff lost through layoffs and shutdowns may no longer be waiting in the wings. Now is the time to look at talent recruitment and the technology that can make the process easier.
Snow and ice contractors brave insurance blizzard
Contractors working in the snow and ice management industry are facing a blizzard of challenges on the insurance side, or what many are calling a crisis.
Is your condo board prioritizing properly?
Many condo corporations struggle to prioritize. In fact, it's a challenge facing several organizations across industries, from a board level, right down to day-to-day task assignments. Condo boards and their management teams are no different.
Ethics, etiquette and excellence in management
Anyone entering the condo management field needs to be willing to work on their interpersonal skills, which outweigh academic credibility.
Directors and officers coverage poised for change
Protecting your condo board is critical, and directors and officers coverage is just one component of that.
Labour shortages, supply chain challenges endure
As policies continue to change and the labour shortages remain unsettled, managers must continue to ride the waves.
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.
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.
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.
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.
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. .
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.