CondoBusiness - Management
REMI

Management

condo finances

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.
fire code

Condos lag on fire code compliance

Fire plans may need an overhaul as the resident population ages, building systems are updated, and renovations alter the layout of floors or rooms.
real estate

Insurance crisis affecting reserve fund planning

The insurance crisis in condominiums is affecting how boards are planning for disasters in Ontario.
repairs

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?
elevator repair

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.
trust

Seven tips for building trust in condo communities

It is unlikely that the condo’s declaration, bylaws, rules, or policies include any reference to trust; yet good governance cannot be achieved without it.
burnout

Condo managers face pandemic burnout

I am a licensed condominium property manager, I am in my early 30s, and I am completely burned out.
privacy

Virtual practices stir up privacy concerns

As Ontario considers making digital and virtual processes permanent, the condo industry is addressing various privacy concerns.
SAIT partnership

Digging into the coming geothermal boom

While the relevance of geothermal has been percolating for years, the buzz is that more developers are starting to pay attention.
Celebrated attractions convey spinoff real estate value

Iconic sites convey spinoff real estate value

Niagara Falls, and Jasper are the two Canadian entrants on a largely European and American list of locales associated with celebrated global attractions.
mentorship

What the new Construction Act means for condos

Construction is a billion-dollar industry in Canada. While most large projects at condominiums proceed relatively smoothly, there is always risk of friction for contractors and
condo governance

A missing condo governance best practice

Board orientations also help prioritize the feedback of unit owners from the AGM and organize them as part of the agenda for the term ahead in an efficient manner.
human resources

Human resources takes on new role during COVID

While we can see human resources supporting head office staff, the involvement in operations is, for the most part, something new.
building permits

How to avoid a DIY renovation disaster

The renovation work should aim to improve the property and make it more accessible for residents and visitors.
hydro

Gaps flagged in new CDM programs

After 2022, companies must use their own funds to reimburse embedded energy managers, but will be offered “an enhanced level of technical support and resources.” It's a move some see as more short-sighted.
skills gap

Closing the condo manager skills gap

This pandemic has helped condo managers to identify relevant skill gaps in relation to being prepared for the unexpected.
curb appeal

Condo landscaping tips for curb appeal

Careful planning and high and low-design cost options will quickly transform any curb-appeal project into improved real estate value.