CondoBusiness - Risk Management
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Risk Management

Fire safety planning

For building managers, a thorough and up-to-date fire safety plan is vital for both the safety of occupants and the preservation of the premises.

Recognizing safety threats in the janitor’s closet

Cleaning chemicals rely on powerful formulas to help loosen and remove soils and contaminants from all types of surfaces. When used properly, they are generally safe. When used improperly, problems can arise.

When the lights go out

Residents of highrise condominiums are particularly vulnerable to long-term power outages, which can leave the elderly stranded in the dark ...

Communication key in time of emergency

Effective communication is paramount in the successful management of a condo corporation and this is never more evident than in emergency circumstances. Successful communication can be the difference between a smoothly ...

The legalities of emergency management

Emergency management includes four interdependent risk-based functions, according to Public Safety Canada. These are: prevention, preparedness, ...

Reducing the risk of Legionella

Any water source in a building that can be aerosolized may be a Legionella risk, particularly where the water is dirty, remains still or is not exposed to a ...

Smart meter flare-up

Fire departments in Ontario have been asked to report fires or explosions associated with electrical meter installations to the Office of the Fire Marshal ...
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Prevent disasters by lining pipes

Pipe lining is the process of restoring the interior of a pipe to create a barrier between the pipe and water. It not only prevents pinhole leaks but protects ...

Caution afoot

Engineering and life safety specialists are currently examining stairwell concerns in preparation for possible new or revised rules that would be introduced in the 2015 National Building Code.

Shattered condo balconies

Between May and August 2011, five panels of glass fell from balcony guards on the Festival Tower, a 41-storey condominium in downtown Toronto that was completed in 2010. Since then, residents of the Festival Tower have launched ...

New smartphone app prevents fraud

Scam Detector is a free smartphone application that exposes in detail more than 550 of the world’s most notorious scams. The company behind the app also updates it regularly with the newest scams.
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Annual funded ratio

A good way to assess the health of a reserve fund is to use an annual funded ratio (AFR) – the three-year moving average from the reserve fund starting ...

Falling glass can cause legal headaches

In Ontario, it is unclear which statutory warranty period applies to the occurrence of falling glass given the lack of specific case law and Tarion direction.
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Implementing an emergency response plan

It’s important to have a comprehensive emergency response plan (ERP) in place before disaster strikes. The longer an issue is not resolved, the bigger ...