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The most troublesome U.S. tariffs Toronto condo boards face in 2026
U.S. tariff uncertainty continues to threaten condo board budgets. Here we look at the most troublesome tariff challenges condo boards will likely face in 2026 with procurement strategies to help overcome them. Retaliatory tariffs Canada’s retaliatory tariffs increase import costs on American goods required for condo renovations. The importers who bring goods and materials north…
Read MoreHealth and wellness for condos: your board’s competitive edge
The Global Wellness Institute believes built environments are essential to health and wellness within your condo, driving a growing need for more wellness-centric spaces. As the Toronto real estate market faces value challenges, condo boards can use health and wellness as a competitive edge. Fitwel Certification for your condo board Fitwel Certification targets health and…
Read MoreAI for condo boards: Are condo boards and AI a good mix?
Artificial intelligence (AI) is a time-saving tool with exceptional analytic abilities. Here we discuss whether emerging AI and condo boards are a good mix. What is AI? AI uses technology to mimic human thought. Programs can carry out a growing number of tasks thanks to instant access to information and advanced data processing capabilities. AI…
Read MoreHow to make sure your board aces your condo performance audit
Performance audits identify common element deficiencies under warranty by the Ontario New Warranties Plan Act. Use our quick performance audit overview to help your condo board ace the process. Performance audit 101 Tarion administers the warranty protection required for new homes and condos. A condo corporation’s common element warranties last up to seven years following…
Read MoreHow to make sense of confusing condo board shared facility agreements
Shared facility agreements (SFAs) outline how shared spaces and resources are governed and maintained in multi-purpose developments. Here, our property management company in the GTA help make sense of SFAs and the common challenges they present. What is a shared facility agreement? The Condo Act refers to SFAs as “mutual use agreements.” SFAs define and…
Read MoreHow the Aggressive Government Housing Plan Impacts Property Management
The competition to find an effective property manager in Toronto is teetering on a crisis as government housing targets loom. Here we look at possible property manager availability challenges the aggressive government housing plan presents, with condo board tips to help you avoid them. The Current Scenario According to the Association of Condo Managers in…
Read MoreInflation: How to Prepare for 2024 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 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 MoreTop Tips to Onboard New Condo Board Members for Success
New condo board members often face an uphill battle learning the ropes and understanding their directive. As volunteers they bring varying skills to the board, which makes getting them up to speed a challenge. To help in the onboarding process, here we share our top tips for new condo board members’ success. Develop an Onboarding…
Read MoreThe One Critical Skill Setting Outstanding Property Managers from the Rest
Although condo property management is a licenced profession, many condo boards seek property managers with supporting MBAs. While you need to run your condo corporation like a business, the one critical skill that makes more sense in property management focuses on a different area of expertise: Engineering. Here’s why property managers with an engineering background…
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