CondoBusiness - Risk Management
REMI

Risk Management

green building

Creating a condo sustainability plan for 2021

A sustainability plan and budget should be made with the mindset of plan and prevent, instead of react and pivot.
virtual meetings

What’s ahead for virtual meetings in 2021?

Up until May 31, 2021, condominium corporations can hold virtual meetings and use electronic voting, without a bylaw.
condo management

Is remote condo management working?

Portfolio managers and supervising managers remain in the wilderness of the home office, strategizing, planning, and serving clients from the comfort of their home.
substance

Mental illness in condos amid a pandemic

The role a condo corporation plays in the life of a resident struggling with mental illness can often be a delicate matter.

The ins and outs of hybrid meetings

In some respects, hybrid meetings may actually be more complex than an exclusively virtual meeting or an in-person meeting.

Inside one condo board’s COVID-19 response

In February, before the WHO declared a global pandemic, talk among the condo board at Palace Pier was of various news reports piling in.

Chargebacks and lessons learned in 2020

Condominiums need to be careful when they decide to chargeback costs to an owner and must ensure they have the legal right to do so before they start lien proceedings.

Canada’s condo insurance crisis

Impacts of the hard insurance market are trickling into condominium corporations across Canada, challenging boards and managers in their wake.

A guide to finding the right roofing contractor

Low-slope roofing systems, on top of most residential towers, will typically require replacement following a service life of 20 to 30 years.

Why benchmarking small buildings still matters

While building codes and standards help regulate efficiency in new buildings, existing buildings have been operating with little oversight and, in fact, no insight at all into how energy and water was being used in our cities.

How is COVID-19 impacting reserve funds?

Many reserve fund projects have not been able to proceed this year. Even now as construction has “opened up,” contractors have backlogs that will allow them to complete only some of the previously planned projects.

Contractual clauses in a post-COVID-19 world

COVID-19 has also taught the importance of well-drafted comprehensive force majeure clauses and other standard contractual clauses, which should now be scrutinized more than ever.

FireSmart measures begin with maintenance

About 11 million people currently reside in Canada's wildland-urban interface areas, enjoying the benefits of proximity to forests and other natural features, but perhaps overlooking the perils.

Should condos consider pandemic rules?

As areas of Ontario have reopened in the midst of an ongoing outbreak, condos may be asking if a specific set of rules is helpful.

COVID-19 confounds electricity system models

After scrambling to recalibrate their models in the early days of COVID-19-related shutdowns, analysts with Ontario's Independent Electricity System Operator faced more uncharted territory when the hot weather arrived.

Budgeting the unknown amid a pandemic

Condo corporations are facing new budgeting challenges in 2020. Planning for unexpected and increasing expenses is difficult to anticipate.

A condo tax refresher

Although condo corporations in Canada are non-profit, there are still tax implications and annual filings that are often overlooked.