Condo
CondoBusiness
Proposed changes to Condominium Act regs released
A plain language summary of the first round of proposed changes to rules under the Condominium Act was posted yesterday on Ontario’s Regulatory Registry. The draft
CondoBusiness
Condo audits uncover four common issues
During condominium audits, certain issues related to financial or operational matters may need to be highlighted to management and the board.
CondoBusiness
GTA new condo sales broke records in 2016
There were 27,217 new condominium apartment sales in the GTA in 2016, up 34 per cent year-over-year, according to Urbanation’s Q4-2016 market results.
CondoBusiness
Condo boards can rely on business judgment rule
A recent Ontario Court of Appeal decision confirmed for the first time that the “business judgment rule” applies to decisions made by condominium boards.
CondoBusiness
GTA condo rents climb 12 per cent year-over-year
Urbanation has released its year-end 2016 rental results which find that condo rent in the former City of Toronto has increased an average of 12 per cent year-over-year.
REMI Network
ACMO issues service alert about fob duplication
ACMO recently reported that it had become aware of third-party contractors in the GTA copying fobs for condominium owners without management authorization.
CondoBusiness
Sensors poised to transform property management
Companies are developing the next generation of tools for residential property management. Sensor technologies in particular are bound to make huge waves.
CondoBusiness
Condo manager licensing reg released for comment
The Ontario government’s plans to license condominium managers moved forward with the release last week of a general regulation for public review.
CondoBusiness
Improving condo management with analytics
What is the average response time of managers in getting back to residents’ requests? For condo directors or managers that don’t know the answer, this
CondoBusiness
Five things new condo directors need to know now
What do new condo directors need to know right away? Congratulations on getting elected to the condo board! Now the fun begins. For first-time directors,
CondoBusiness
RCMs may have head start in move to licensing
Registered Condominium Managers (RCMs) may be on the fast track to obtaining the license that will soon be required to manage condominiums in Ontario.
CondoBusiness
Probe underscores need for good record-keeping
A Competition Bureau investigation recently required some condo corporations to retrieve meeting minutes dating back a decade.
CondoBusiness
Condo law reforms to roll out as early as summer
Ontario’s condo law reforms, passed late last year, are expected to start to roll out as early as next summer. Updates at the ACMO/CCI-T Condo
CondoBusiness
Regs likely to have minor impact on purchases
The province of Ontario is planning to regulate home inspections. But what, if anything, would this mean for condominium purchases?
CondoBusiness
Personality type-based property management
Ever wonder why a member of the condo corporation prefers to communicate in a certain way? Why a fellow member of the property management team
CondoBusiness
New research investigates condo governance
New research into condominium governance found that board members, property managers and unit owners have a number of familiar topics on their minds: lack of community, lack of director education and poor communication.
CondoBusiness
GTA condo rents increase as supply falls to five-year low
During Q3-2016, the number of condo apartments rented through the MLS system fell by nine per cent from a record high last year to 7,651 units.
