CondoBusiness - Risk Management
REMI

Risk Management

governance

5 ways technology is uplifting condo communities

Technology is revolutionizing the way condo buildings operate and positively impacting the lives of residents and managers.
smart home

Security, privacy and the rise of smart homes

What security and privacy threats should condo communities watch out for due to the rise of internet-connected smart home devices?
reserve funds

Reserve funds ignore climate target impacts

We should be asking our reserve fund planners to look at the Paris accord target dates and compare the end-of-life replacement of our gas-burning appliances against the target dates.
EV chargers

Scanning the road ahead for EV-ready condos

As the country moves to accelerate the adoption of electric vehicles, questions are brewing among people living in multi-unit dwellings.
security cameras

The private side of security cameras in condos

Security cameras should be located in such a manner that they do not record activities outside the condominium’s property line.
condo collapse

Could a Florida condo collapse happen in Ontario?

How would this scenario unfold in Ontario? Leaving aside the construction process itself, there are vast differences between Ontario and Florida condominium laws that would have given the Champlain towers significant added protections following registration.
CMRAO

Three red flags of risky procurement practices

Federal scrutiny of condo procurement should be sufficient reason for diligent condo boards to examine their procurement practices.
windows

Condo windows: repair or replace?

For condo buildings built in the 1980’s or 1990’s, there is likely a window project coming up in the reserve fund study.
communication

Cases spotlight cost of poor communication

In some condos, communication channels break down or don’t exist, causing unnecessary expenditures that corporations and owners must incur.
waste

Multi-res tackles zero waste during COVID

A growing number of multi-res high rises across Toronto have continued to reduce waste during the pandemic.
condo finances

Condo finances feel the COVID effect

The pandemic has altered an interesting and often overlooked item in the budget, which is not a cost at all, but a loss of revenue.
real estate

Insurance crisis affecting reserve fund planning

The insurance crisis in condominiums is affecting how boards are planning for disasters in Ontario.
repairs

Condos in precarious spot if small repairs sit idle

Should the corporation move forward with certain maintenance repairs if the issue has the potential to become exponentially worse?
elevator repair

Ontario advances elevator repair legislation

Ontario is kicking the dust off of elevator repair legislation, which was passed under the Liberal government in May 2018 but never proclaimed into law.
trust

Seven tips for building trust in condo communities

It is unlikely that the condo’s declaration, bylaws, rules, or policies include any reference to trust; yet good governance cannot be achieved without it.
burnout

Condo managers face pandemic burnout

I am a licensed condominium property manager, I am in my early 30s, and I am completely burned out.
privacy

Virtual practices stir up privacy concerns

As Ontario considers making digital and virtual processes permanent, the condo industry is addressing various privacy concerns.