News
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.
February 15, 2022 News
Condo stakeholders at risk due to uncertainty in their reserve funds
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.
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February 14, 2022 News
Ontario Moving to Next Phase of Reopening on February 17
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.
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January 28, 2022 News
Ontario moving back to Step 3 on Monday: What that means for CondoLand
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.
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January 20, 2022 News
Ontario Outlines Steps to Cautiously and Gradually Ease Public Health Measures
Effective January 31, 2022 at 12:01 a.m. Ontario will begin the process of gradually easing restrictions while maintaining protective measures.
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January 18, 2022 News
Ontario Cuts Electricity Rates to Help Workers, Families and Small Businesses
Off-peak rates provide immediate savings as Ontarians spend more time at home while public health measures are in place
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January 12, 2022 News
COVID-19 Guidance: Commercial & Residential Buildings
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.
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January 7, 2022 News
COVID-19 Update for the Condominium Sector: Return to Step 2 of the Roadmap to Reopen
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 …
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January 6, 2022 News
Ontario Launches New Supports for Businesses
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
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January 3, 2022 News
Ontario Temporarily Moving to Modified Step Two of the Roadmap to Reopen
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.
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December 20, 2021 News
New condo measures in response to the Omicron variant
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.
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