CondoBusiness - Risk Management
REMI

Risk Management

emergency

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

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.
fire code

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.
independent contractors

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.
housing

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.
costs

Keeping plumbing maintenance from plummeting

As time and usage take its toll, plumbing systems deteriorate and improper and deferred maintenance lead to disastrous results.
heat pumps

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.
depreciation reports

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

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.
managers

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.
reserve funds

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.
noise

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.
insurance

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.
harassment

A look at the CAO’s draft anti-harassment rule

Harassment towards property managers, directors, contractors, and residents remains a significant problem within condominium corporations.
continuing education

Continuing education for condo board directors

Even though the Condominium Authority of Ontario’s online mandatory training program provides a solid foundation, directors can never stop learning and continue to gain experience over their terms.
condos

The call for safer condos in Ontario

Conflicts and disputes within Ontario’s condo communities are fueling a conversation around safety reform and adding pressure to make residential buildings better places to live and work.
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.