Risk Management

capital repair

Unintended consequences in capital repair planning

Capital repair planning in the condominium market is a crucial aspect of maintaining and improving aging buildings. However, it is essential to recognize that decisions made in this process can have unintended consequences.
minimum wage

The impact of minimum wage increases

This minimum wage increase is larger than most in recent history, second only to that imposed on January 1, 2018.
AI

AI as a virtual assistant for managers

Artificial Intelligence (AI) is rapidly transforming various industries. Condominium management should be no exception.
property crime

Mitigating the risk of property crime

While 2020 boasted the lowest property crime rate in more than 50 years, crime rates have not continued to sink since then.
condo

Condo managers breaking gender stereotypes

The underrepresentation of women is a prevailing narrative across the traditionally male-dominated building sector, but the world of condo management tells another story. 
governing documents

Enforcing the governing documents

How can a property manager or board member understand what steps to take when enforcing the governing documents?
AI

Legal implications of AI in condo management

AI in condominium property management can have several legal implications, depending on how it is implemented and used. Here are some important legal considerations:
Climate change adaptation efforts unfolding

Climate change adaptation efforts unfolding

Canada’s newly finalized climate change adaptation strategy sets out objectives and attaches mid- to near-term targets to bolster resilience in five key action areas.
mortgage fraud

What to do after falling victim to mortgage fraud

If you are the victim of mortgage fraud involving a mortgage lender and a third-party fraudster, chasing after the fraudster should be secondary to taking immediate steps to try and preserve your rights and prevent your condo from being sold.
condo

Actuaries garner new insight into condo finances

The Canadian Institute of Actuaries’ latest insight statement on the longevity of condo infrastructure explores several risks.
trust

On trust and transparency in condos

As the cornerstone of condominium living, trust is, oddly, seldom spoken about amongst owners and residents.
tornado

Tornado research uncovers risks for homeowners

Canada’s tornado risk is more widespread than once thought, according to a growing body of research that, for the first time, tracks the occurrence and aftermath facing property owners across the country.
emergency prepardeness

Updating your condo’s emergency response plan

As spring temperatures arrive and snow and ice finally recede, condominium managers often face property maintenance issues that arise or were neglected during the winter
property

Trash talk:

As single-use plastics become a thing of the past for Canadians, condo owners and property managers need to adapt the way they handle garbage in their
tenant

Rental demand spotlights tenant relationships

As condos supply the surging demand for rental housing many corporations may be experiencing a rise in tenant-occupied units.
New oversight regime set for Ontario elevators

New oversight regime set for Ontario elevators

A new oversight regime for Ontario’s elevators and escalators will come into force on March 1, bringing shorter timelines for rectifying an extensive list of designated high-risk deficiencies.
business

When owners open a home-based business

From ensuite take-out resto to teaching downward facing dog in the common areas, here’s the lowdown on this trendier work-from-home shift, with some legal and insurance tips.