Yes, condo owners can be responsible for significant costs when damage from their unit affects other areas. It’s crucial for all condominium unit owners to have proper insurance on their …
How do you remove a condo board member?
In most condominiums, board members act honestly and in good faith. But for a select few (or maybe a few more than a select few) individuals join the board for …
What should I look for in a condominium management company?
Choosing the right condominium management company is a critical decision for any condo board. Any company you interview will likely make the same claims: they have the best managers, the …
Why are my condo fees going up faster than inflation?
For the most part, one would expect condo fees to align reasonably well with inflation. If inflation is around 4%, and fees just went up by another 9%, it’s not …
Why do I pay condo fees at my townhouse condominium?
In a perfect world, living in a townhouse condo might seem like a straightforward and cost-effective option. You enjoy the privacy of your own home without the high-rise luxuries such …
Is Fraud Really a Problem in Condominiums?
It is no secret that our industry can be a magnet for fraudulent activity. If you’ve spent any time in the industry, you may have seen it firsthand or heard …
How do I know if a condominium is a good investment?
By Eric Plant When buying a condominium, a question on most peoples’ minds is whether or not it is a good investment. Will the condominium go up in value over …
Making the Most of your Reserve Fund Study
Published in CondoBusiness in 2013 One of the most important resources available to the Board of Directors is the Reserve Fund Study. This document, prepared by an engineering firm every …
The 90s Manager
First Published in ACMOs “Condo Manager” A lot has changed for condominium managers in the last generation. In addition to a new set of laws and regulatory agencies, managers now …
Why are my condo fees so high?
As the housing market in my hometown of Toronto continues to rise, many young buyers have been pushed into the less-expensive-but-still-overpriced condominium market. While many use these condos as a …
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