Property management is a growing and crucial field in Canada. Ensuring that property management is done well is critical to keeping residents happy, not to mention in helping property owners improve bottom lines and achieve greater financial success. With home prices escalating across metropolitan areas, trends have shown that increased numbers of people are moving into condominiums (including families), which raises the need for strong property management at these locations.
Many people want to know what is involved in becoming a board member for their condo or homeowners association. It is a role that often goes without much appreciation, but it can greatly influence the quality of life of people in the community.
Condo owners in Ontario prepare yourselves, because change is on its way. Beginning this fall, condo owners and corporations can expect greater confidence and security in their investment when new rules take effect. Currently, condo owners and corporations have to go through legal courts or hire a mediator in order to pursue property issues – from keeping pets in the building to corporate record access. The need for change and improvement with current legislation becomes inevitable with an ever growing number of condo residents, condo units and condo corporations in the province. The current resolution process has become expensive for many residents and overly saturated causing it to be ineffective.
Geothermal - More than a cool innovation.
Geothermal systems, otherwise known as geo-exchange or earth energy systems, provide consistent heating and cooling year round, by tapping into the earth’s nearly constant temperatures which are found just below the frost line.
Geothermal systems have only been around in Canada for about 60 years. Credit goes in large part to Professor Frank Hopper of the University of Toronto who first brought this system to the main stage. Find out more about how Geothermal Systems work and how they can benefit your condominium.
Being a director for a recently registered condominium is hard work, but it can be very rewarding. The first year or so after registration the directors will be very busy and face many challenges.
In addition to their ordinary duties (i.e. to manage the affairs of the condominium and ensure the owners comply with the Act and the condominium’s documents), the directors for a new condominium should pay special attention to a few key areas.
This marks another excerpt from the Ontario Governments web-site publications on this new act and what it means. In this segment, how condo's are run. To read the entire article, please click on the link at the bottom of this article.
As the industry embarks on an exciting new journey with the introduction of Bill 106, Central Erin Property Management is pleased to be part of this of this process, which includes education. We will be sharing excerpts from the Ontario Governments web-site publications in the next series of blog articles, on this new act and what it means. To read the entire article, please click on the link at the bottom of this article.
Condo Harassment. Is it real? Great article written by Michelle Kelly, Sutherland Kelly LLP and republished with permission. Michelle Kelly practices law in the areas of condominium and real estate. She works with developers, condominiums, and unit owners across Ontario.
The industry has long held that delivery of any documents relating to the corporation, must be in the form specified by the owner, and in compliance with the Act. Translated, a hard copy, mailed to the registered owner at the unit address, unless the owner has provided an alternate mailing address.
For those not new to condo living, you inevitably have come across a time when the smells and odours from your neighbours have without warning, entered your unit, much to your shock and chagrin.
The importance of rules, especially in shared living environments such as condominium properties, is paramount to having all owners and residents residing in harmony. Or at the very least, ensuring that there is a minimum standard of responsibility and expectation for all to abide by.
What does the board have to do if the police attend with a warrant? What if they don’t have a warrant? When should the condominium contact the police because of an incident that occurred on the property?
In the past these questions were not easy to answer. While the condominium’s lawyer could provide general advice, there wasn’t really much case law to support the advice. Fortunately, in the past few years there have been cases that give some guidance.