We all talk about stress, but we’re not always clear about what it is. Stress comes from both the good and the bad things that happen to us. If we didn’t feel any stress, we wouldn’t be alive! Stress may feel overwhelming at times, but there are many strategies to help you take control.

As of January 2021, there are reportedly over 11,000 condominium corporations across Ontario, with the Canada Mortgage and Housing Corporation reporting that 55% of homes under construction in Ontario are condominiums. As the number of condominiums rises year after year, managers across the province are bound to experience managing the replacement of capital equipment projects sooner or later.

Board members are often hesitant to approve projects because of associated costs, lack of information, or an overall resistance to change. As custodians of the industry, condominium managers empower their directors to make critical decisions within the corporations they manage. A useful method that can help managers in this process is the application of alternative scenario analysis.

How do you optimize refurbishment budgets while adding value to properties and improving condominium communities? Read on for some tips and advice, along with a case study showing real-world examples.

When you think about it, the amount of documentation accumulated throughout the lifetime of a condominium may likely reach the height of the Niagara escarpment. Each condominium requires extensive documentation of processes, minutes, purchase orders, and corporation records, which are often required for reference purposes years into the future.

In preparing for an annual general meeting, whether online, in person or a hybrid, it’s vital to ensure the condominium manager is on the same page as the board of directors and everyone is clear about how the meeting will be conducted.

With so many vendors out there, it can be hard to decide who would be a good fit for your property. Not all companies are created equal, and you want to be sure that you’re choosing the best company when you’re considering letting them bid on your annual or one-off contracts

When property managers are planning for the financial welfare of condominium corporations, there are definite ways to mitigate undue heartache and efficiently present budget proposals. It’s the manager’s responsibility to make sure their boards are presented with accurate data to make informed decisions on the budget. Condo boards armed with this knowledge are responsible for ensuring their condo corporation is funded to maintain the property for their residents.

An appealing option to many and often viewed as a best of both world solution, hybrid meetings can be complex and have their unique set of challenges that must be considered. With that said, here are a few tips for running a successful hybrid AGM.

As a condominium manager, a big part of your job is to enforce the corporation’s declarations, rules and bylaws. It’s a tough role, especially when residents don’t agree with the rules.

Compliance will be an important action item for condos and other multi-residential buildings this year. In 2021, the City of Toronto approved its plan to reduce community-wide greenhouse gas (GHG) emissions to net-zero by 2050 or sooner. The program is similar to those already launched in other metropolitan centres like New York City and is surely the harbinger of more to come in other urban centres.

Condominium Managers of the future are condominium management students of the present. We know that these students are taking the four courses currently mandated by the CMRAO, but precious else is known about them. To date, little systematic research has been conducted to better understand these students, their demographics, backgrounds, skills, and experience.

owners want information presented to them at lightning-fast speeds. Gone are the “good old days” when property managers would go from door to door dropping off notices and newsletters. The idea that “we need information right now, not yesterday” has become the mantra throughout the condo industry.

Certain etiquette associated with online communications has relaxed compared to just a few short years ago. It is essential to recognize the benefits as they can be applied to better manage condominium conflict.

In 2020, as the global pandemic began to take hold and limitations on in-person gatherings came into play, the question of how condominiums were going to hold their mandatory annual general meetings (AGMs) arose. Meetings of all types, across all different industries, quickly moved virtual, which became the obvious solution for condominium boards.