After scrambling to recalibrate their models in the early days of COVID-19-related shutdowns, analysts with Ontario's Independent Electricity System Operator faced more uncharted territory when the hot weather arrived.
Condo corporations are facing new budgeting challenges in 2020. Planning for unexpected and increasing expenses is difficult to anticipate.
Although condo corporations in Canada are non-profit, there are still tax implications and annual filings that are often overlooked.
In the shadow of a possible second wave, realtors forge ahead with the new reality of buying and selling condos.
Residential consumption is identified as a primary concern and opportunity for the 2021-24 period, along with a continued emphasis on reducing system-wide peak demand
With always evolving guidelines and pandemic uncertainty, building resilience in condo communities is more important than ever.
Many hydro accounts specifically tied to the common areas of multi-residential buildings will no longer qualify for the 31.8 per cent rebate beginning in November 2020.
To open or not to open. Most condo boards and managers are wondering how to safely reopen public spaces in their buildings, including shared gyms.
There is a significant shift in the way condo corporations are managing common elements, noisy neighbours and condo meetings.
Here are some steps that condo corporations should consider to protect managers and directors from unreasonable treatment.
A temporary adjustment to Ontario’s electricity pricing scheme eliminates cost-saving opportunities that many operators of large commercial buildings were anticipating this summer.
Pests are more active without the daily bustle of people moving around, leaving temporarily closed shared spaces vulnerable.
While many condos haven’t yet experienced the major effects of climate change, statistics and case studies foreshadow the impacts that could come.
The timing might have been opportune for uptake of the measure — provided it was adopted into provincial and territorial building codes — because it would have applied broadly in what is currently Canada’s most buoyant commercial real estate sector.
When most people run for the condo board of directors, the last thing they imagine is a situation where they’re actually running the condominium.
Cleaning garbage rooms and waste chutes is a maintenance concern for all condo corporations, but the current pandemic has made this to-do item even more relevant.
CCI recently held its first national webinar addressing pandemic-related industry concerns. Once topic of discussion was virtual meetings and e-voting.