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How Building Envelope Inspections Can Save Your Condo Board Money
Assessments play an essential role in preventive maintenance plans. You can take your assessments to the next level by including building envelope inspections to identify high-cost deficiencies. Here’s how building envelope inspections can save your condo board money. What Do Condo Building Envelope Inspections Involve? Building envelope inspections help find issues in your building envelope…
Read MoreThe Reserve Fund Planning Challenges All High-Rise Condo Boards Need to Know About
With more and more Toronto condo towers reaching over 40 storeys, condo boards need to understand the challenges high-rises present for reserve fund planning. The taller the building, the more challenging upkeep becomes, especially when considering exterior renovations. Here we look at the reserve fund planning challenges for high-rises and the costs of “working at…
Read MoreDebunking Common Exterior Building Restoration Myths for New Condo Board Members
Congratulations on your new position as a condo board member! While you might be excited about your new role, it comes with a lot of responsibility, including assisting with condo renovation responsibilities like exterior building restoration projects. Here we help debunk common exterior building restoration myths to help you ace your first capital expense project…
Read MoreWhy Your Condo Board Should Consult with a Building Envelope Expert Before Exterior Renos
Your condo’s building envelope includes the exterior walls, foundations, roof, windows, and doors. The envelope protects your interiors from the elements and is the main building component contributing to energy efficiency. Before you embark on exterior deep retrofits or upgrades, it makes sense to consult with a building envelope expert. Here’s why. Building Envelope Expertise…
Read More4 Business Innovations for Condos
Every year technology introduces new ways to improve business operations. These improvements don’t always have to be industry specific to be effective. Here we look at four innovations used in other industries that offer potential benefits for your condo board. Check out these innovations for condos worth exploring. 1. Virtual Reality (VR) and 3D Imaging…
Read MoreHow, why, and when is the right time for Condo Boards to implement new policies?
Your condo corporation’s policies ensure your board meets your obligations. However, because the Condo Act does not refer to policies per se, new policies might cross the line between a policy and rule. A policy is board directed, while rules require resident input and votes. Here we look at condo board policies and how, why,…
Read More5 Simple Condo Management Cost-Saving Opportunities Sure To Future-Proof Your Condo Finances
Condo management calls for smart budgeting to maintain strong financial health. Here we look at five condo management cost-saving opportunities to future-proof your finances. 1. Adopt a Predictive Maintenance Plan Effective condo management begins with predictive maintenance planning. You can see substantial savings when you protect your assets instead of relying on reactive maintenance. In…
Read MoreEvery Condo Board’s Guide to the Proportions of Costs for their Condo Corporation
The monthly common element fees (CEF) your condo board collects come with an obligation to your unit owners. Your job is to ensure you allot those funds properly to cover expenses and manage your reserve fund effectively. Here we offer a comprehensive guide to help you understand the average proportion of cost allotments for a…
Read MoreRoof Replacement: How to Know When Your Condo Board Needs to Invest in a New Roof
Preventative maintenance plans and ongoing repairs help keep your roof in good condition. However, there will come a time your condo board must invest in a roof replacement. Here we explain how to know when your condo needs a new roof. Roof Inspections Roofs have several layers, including insulation, vapour barriers, and surfacing. As the…
Read MoreThe Most Important Facts About Sexual Harassment in Condos
Boards of directors in condo corporations face two potential challenges when it comes to sexual harassment in condos: Sexual harassment of residents Sexual harassment in the workplace In both situations, clearly defined anti-sexual harassment policies help protect vulnerable condo staff and residents from harm. Here we review the most important facts about sexual harassment in…
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