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Inflation: How to Prepare for 2025 Reserve Fund Study Sticker Shock
Construction inflation is putting pressure on condo boards to find strategies to make up for significant cost increases in refund studies. Inflation could mean making some hard decisions, including introducing common element fee increases or special assessments, putting further financial strain on condo owners. Here we offer tips to help your condo board prepare for…
Read MoreI Quit! How to Gain Control of Condo Board Member Churn
Ongoing board member resignations can cause operational disruptions, interfering with your board’s efficiency and effectiveness. However, you can use the following strategies to help avoid resignations and gain control of condo board member churn. Focus on Resignation Prevention Resignation prevention focuses on simple strategies that help ensure board member satisfaction and success, including: Formalize your…
Read MoreWhat Every Condo Corporation Should Know About Free TAF Support
The Toronto Atmospheric Fund (TAF) is a non-profit agency helping the cities of Toronto and Hamilton (GTHA) meet their carbon neutral goals. Through guidance and funding, the agency facilitates GTHA projects related to global climate stabilization, including energy efficient solutions for multi-unit residential buildings (MURB). Here’s everything your condo corporation should know about the free…
Read MoreNot on My Watch: Security Tips for Condo Boards
Your condo board has a responsibility to take reasonable measures to keep the property and residents safe. Here we share security tips for condo boards to help you implement proven security strategies. Review, Assess and Establish Goals Make sure your board understands your current security plan by reviewing the following: Security documentation Emergency response plans…
Read MoreDamage That Will Make Your Condo Board Wish They Inspected More Often – Part II
In this two-part series we look at critical exterior condo inspections that help avoid costly damage and replacements. In Part I we focused on energy inefficiency and water damage. Here we look at inspections that reveal issues that can interfere with a resident’s enjoyment of the property, as well as curb appeal, condo value, and…
Read MoreExterior Damage That Will Make Your Condo Board Wish They Inspected More Often – Part I
Discovering exterior and hidden damage in the early stages is a crucial step in effective preventative maintenance plans. In fact, once your board faces the costs of avoidable deeper damage, you’ll wish you had inspected more often. In this two-part series we look at the typical inspections you should perform at least annually to mitigate…
Read MoreHow to Prepare Your Condo Board for Toronto’s 2040 Net Zero Deadline
Toronto’s 2040 Net Zero deadline calls for retrofit strategies that go beyond traditional cost- benefit calculations. Here we look at how to prepare for the deadline by making smarter retrofit choices that help set the groundwork for sustainability. Consider Larger Retrofits Your board needs to focus on larger scale retrofits. Before undertaking any one project,…
Read MoreThe Top Lessons Condo Boards Learned in 2023
Every year your condo community and its management learn from mistakes and triumphs that help inform your decisions in the new year. Here we look at the top lessons condo boards learned in 2023 to provide valuable insights that make your board wiser and stronger. Forensics Help Avoid Future Mistakes Forensics has become a popular…
Read MoreHow Condo Board Management of “Nuisance Alarms” Saves Money
Nuisance alarms are not just inconvenient. They can have long lasting repercussions that can lead not only to lost money, but also lost lives. Here’s how management of nuisance alarms can save money while helping to keep your community safe. The Impact of Nuisance Alarms False fire alarms or “nuisance alarms” in condominiums impact your…
Read MoreWhy Your Condo Board Must Include Residents In Fire Safety Plans
High-rise buildings in Ontario require fire safety plans under section 2.8 of the Ontario Fire Code. As a critical part of building safety, everyone who lives and works in the building must understand how the plan works and their role when a fire alarm goes off. Here we look at why your condo board must…
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