CondoBusiness - Financial Management
REMI

Financial Management

contractor

Maintaining healthy contractor relationships

Construction and project planning, now more so than ever, must assign realistic expectations of scheduling and staging to meet contractor and material availability.
Condo project financing confronts new math

Condo project financing confronts new math

More cautious criteria for condo project financing could upend some development pro formas and potentially constrain housing starts in the coming months.
condos

Existing condos: rising to modern standards

New regulations from multiple levels of government are forcing condominium boards and property management companies to consider more than just a simple cost-benefit calculation when examining repair and retrofit options.
capital projects

Freeing-up time for capital projects

Achieving a more symbiotic approach to property management requires understanding the crucial tie between leading-edge occupant services and proactive maintenance.
team

There’s no eye for an eye in team

Making decisions as a team and standing together as a team is a key component to success.
condo managers

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.
Edmonton

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.
condo managers

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.
homebuyers

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

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.
renter feedback survey

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

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.
EV

Plugging into the future of EV charging

New buildings are subject to laws and regulations, which require them to be compatible with EVCs.
fraud

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.
condo manager

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.
condo

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

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.