Articles appearing in this newsfeed are curated from online sources for informational purposes relating to the condominium industry in Ontario and are not written by ACMO unless otherwise stated.
New research by the Canadian Institute of Actuaries reveals that low reserve fund contributions will likely lead to overwhelming annual increases and require lump-sum payments from owners to cover shortfalls, and could potentially lead to the loss of homes, especially in the context of rising interest rates.
With key public health and health system indicators continuing to improve, the Ontario government, in consultation with the Chief Medical Officer of Health, is cautiously and gradually easing public health measures sooner, with the next phase of measures being eased on February 17, 2022 at 12:01 a.m.
On January 20, 2022, Ontario announced the easing of some public health measures over the next 3 months, starting on January 31. Now that we finally have access to the new regulation, we can decipher what this means for CondoLand.
Effective January 31, 2022 at 12:01 a.m. Ontario will begin the process of gradually easing restrictions while maintaining protective measures.
Off-peak rates provide immediate savings as Ontarians spend more time at home while public health measures are in place
Toronto Public Health’s Guidance for Commercial or Residential Buildings PDF provides recommendations to help reduce the risk of exposures to acute respiratory illness, including COVID-19, in buildings such as hotels, condominiums, apartment buildings and other similar vertical living spaces.
It is recommended that condominium corporations create specific protocols to help individuals comply with all safety requirements. For example, if your condominium board is planning on holding an indoor board meeting, create a protocol that outlines how this can be done while complying with all Step 2 requirements, and distribute …
Rebate program cuts property taxes and energy costs; New cash flow supports providing up to $7.5 billion for businesses, including those affected by Omicron restrictions
The province will return to the modified version of Step Two of the Roadmap to Reopen effective Wednesday, January 5, 2022 at 12:01 a.m. for at least 21 days (until January 26, 2022), subject to trends in public health and health system indicators.
On December 17, Ontario announced a series of new measures in response to the rapidly-spreading and highly transmissible Omicron variant. These measures will have an impact on condos across Ontario. In this post, we summarize the most important new measures. These measures will be in effect starting December 19, 2021.