Condominium Management Insights
Expert guidance on condo board governance, reserve fund planning, property management best practices, and Ontario condominium law for board members and unit owners.
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A Toronto condominium board discovered potential bid rigging when fan coil replacement bids came in 40% higher than market rates. Through proper due diligence and a transparent bidding process, the board saved over $230,000 while ensuring quality workmanship.
Ontario condominium owners can be held financially responsible for damages that originate in their unit but affect common elements or other units. Understanding liability boundaries, insurance requirements, and betterment provisions is essential to protect yourself from potentially devastating financial consequences.
Condo fees across Ontario are increasing at rates far exceeding inflation, driven by soaring construction costs (up 90% since 2020), rising utilities, carbon taxes, and increased reserve fund requirements. Understanding these cost drivers helps owners make sense of their rising monthly payments.
Choosing the right condominium management company is one of the most critical decisions a condo board can make. This comprehensive guide provides essential questions to ask, key factors to evaluate, and strategies for identifying the best management partner for your condominium corporation.
Removing a condo board member in Ontario requires understanding complex legal procedures including requisition meetings, bylaw enforcement, and strategic AGM voting. This comprehensive guide explains all available methods and their implications for your condominium community.