Risk Management
Managing water leaks 101
The causes of water leaks are often related to materials, installation, maintenance and operational issues.
Short-term rental registry stuck in manual
Toronto relies heavily on manual review processes for oversight of approximately 8,400 registrants currently approved to offer short-term rental accommodations in their principal residences.
Legal case puts spotlight on condo security
In a recent case, a condominium found itself at the centre of a significant security challenge posed by a resident.
Helping condos stay afloat during a flood
The immense flooding that occurred recently across the GTA led to massive evacuations and widespread power outages and is just one example of the increasing severity of natural disasters.
Initiative seeks to close emergency response gaps
The Peel Regional Police Service is one jurisdiction that is leading a program that focuses on high-rise safety and resident well-being.
Canada bolsters guard against money laundering
Title insurers, real estate brokers and sales representatives will have new obligations to guard against money laundering and terrorist financing under proposed federal regulations.
Residents figure into fire safety knowledge gap
The province also saw the total number of fatal fires rise to 109. Within many condos, there is a critical gap between fire safety and resident knowledge.
Tips for hiring independent contractors
With costs on the rise, many condominiums are choosing to retain independent contractors to provide superintendent and/or cleaning service.
Spring maintenance for newly built homes
A deep clean and thorough inspection are extra important for newly built homes during the spring season to help identify and address any damage or defects.
Keeping plumbing maintenance from plummeting
As time and usage take its toll, plumbing systems deteriorate and improper and deferred maintenance lead to disastrous results.
Addressing hidden damages in condominiums
Condo managers who understand a condo’s life stages, hidden damages, and inspections are more likely to develop effective reserve fund plans with logical budget allotments.
Considerations for deferring capital project work
The industry panel discussed what capital repairs and replacement costs could potentially be deferred by prolonging the life of various building components and what professional resources to seek for guidance.
Defaulted real estate loans on the upswing
Many creditors and debtors are now grappling with the fallout from a largely unexpected change in market conditions over the course of their loan agreements.
Pushing for a workplace culture shift
Condo managers are familiar with hostile work environments, but cases of harassment and intimidation, and even violence, have reportedly increased due to a confluence of factors.
Overhauling reserve funds in Ontario
As the landscape of aging condos continues evolving, the need for adequate reserve funds to pay for these repairs assumes greater importance.
A guide to understanding noise in condos
Resolving noise complaints requires an understanding of how sound moves through a building and the obligations of a condominium.
What’s next for condominium insurance?
Timely maintenance and improvements will play an important role in securing favourable coverage terms and avoiding delays in the renewal process.