Financial Management
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.
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 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 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.
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.
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 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.
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.
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.
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.
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.
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.
Condo finances feel the COVID effect
The pandemic has altered an interesting and often overlooked item in the budget, which is not a cost at all, but a loss of revenue.
Insurance crisis affecting reserve fund planning
The insurance crisis in condominiums is affecting how boards are planning for disasters in Ontario.
Condos in precarious spot if small repairs sit idle
Should the corporation move forward with certain maintenance repairs if the issue has the potential to become exponentially worse?
Ontario advances elevator repair legislation
Ontario is kicking the dust off of elevator repair legislation, which was passed under the Liberal government in May 2018 but never proclaimed into law.