CondoBusiness - Risk Management
REMI

Risk Management

condo manager

Detoxifying the condo manager’s workplace

It’s hard to imagine that there’s a condo manager anywhere in Ontario who would describe their job as easy. The breadth and depth of knowledge required to do the job well are astounding.
condo

Engaging next-gen condo managers

Over a million residents live in condos, and more buildings are being built today than ever before.
mental illness

Supporting residents struggling with mental illness

Mental illness is more prevalent than it may appear. Studies suggest that almost one in five Ontarians have been affected by a psychiatric disorder.
water

The future of water in buildings is smart

Water creates levels of risk throughout all stages of a building’s life cycle and is a major cause of loss during and after construction.
tornado

How to prepare properties for tornado season

The deadly storm that devastated large parts of Southern Ontario on Saturday did so with little warning. In its aftermath,10 people are dead and the tornado-grade winds of the storm, called a ‘derecho,’ left behind massive damage and destruction.
water damage

Warding off water damage

As the rapid growth of condominium living in Canada continues, corporations and their suite owners need to be on alert for water damage.
condo budgeting

Inflation impacts condo budgeting

The phenomenon of price increases and shortage of items is affecting every aspect of daily life, including common element fees, which are paid each and every month to both new and old condominium corporations.
BOMA BC energy

Greening Ontario’s housing sector

Ontario’s housing sector emits more greenhouse gas emissions than any other province, primarily due to its high population rate. In the province, residential buildings are
e-voting

Fair condo elections at stake as Ontario consults on e-voting regs

In this new frontier of e-voting lies a confluence of ethical factors that should be considered ahead of permanent changes to the Condo Act.
CAO

Condos at high risk from reserve fund shortfalls

The growing crop of condo owners across Canada will likely encounter huge annual fee increases and lump-sum payments due to low reserve fund contributions, authors of a new research report are warning.
insurance

The hidden risks of switching insurers

There are many reasons why switching providers is in the best interests of the condo, but there may be hidden risks. Unbeknownst to many policyholders, changing insurers can create a gap in coverage that can expose the corporation to significant financial consequences.
IAQ

Home owners and builders lack awareness of IAQ health risks

After exposure to scientific findings, the number of homeowners who viewed their homes as somewhat or very unhealthy more than tripled.
employee engagment

Reducing talent shortages and employee churn

Many industries are experiencing shortages due to the pandemic. However, as we see the situation change to an endemic, the staff lost through layoffs and shutdowns may no longer be waiting in the wings. Now is the time to look at talent recruitment and the technology that can make the process easier.
social media

The delicate balance of social media in condos

How can social media be a safe venue for transparency, so that owners, residents, boards and management aren't afraid of the platform?
insurance

Snow and ice contractors brave insurance blizzard

Contractors working in the snow and ice management industry are facing a blizzard of challenges on the insurance side, or what many are calling a crisis.
condo board

Is your condo board prioritizing properly?

Many condo corporations struggle to prioritize. In fact, it's a challenge facing several organizations across industries, from a board level, right down to day-to-day task assignments. Condo boards and their management teams are no different.
management

Ethics, etiquette and excellence in management

Anyone entering the condo management field needs to be willing to work on their interpersonal skills, which outweigh academic credibility.