condo finances

auditor

CondoBusiness

Auditors and annual general meetings

As we emerge from the pandemic, some boards of directors are considering a return to in-person annual general meetings.
fraud

CondoBusiness

Uptick in fraud a wake-up call for condos

In these economically trying times, as one would expect, fraud has been rearing its ugly head. Unfortunately, condominium corporations have increasingly become an easy target.
insurance

CondoBusiness

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.
condo finances

CondoBusiness

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

CondoBusiness

Insurance crisis affecting reserve fund planning

The insurance crisis in condominiums is affecting how boards are planning for disasters in Ontario.
Condo board law

CondoBusiness

Preventing mismanaged finances on condo boards

Whether by corruption or incompetence, condo boards that mismanage their multi-million dollar budgets and reserve funds are a recurring problem.