A key part of property management lies in developing a sense of trust and community among building staff and residents. Building a resident communication platform that resonates with all building members helps foster long-term relationships and resident retention. Here are our top tips for building a strong resident communication platform:
Condo Directors: New Four-Step Training for Success
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.
What is Involved in Becoming a Board Member?
Condominium Legislation Changes This Fall
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.
An Airbnb recent court decision provides significant power for condominium boards in dealing with short term rentals
Geothermal Systems – More than a cool innovation
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.
I’m a director for a new condo. What do I need to know?
I’m a director for a new condo. What do I need to know?
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.
Is AirBnB in your condo?
In condominium high-rises and town-home complexes across Ontario, there is an increasing number of short term rentals that are popping up at alarming rates. You would be surprised about the implications your condominium may be exposed to and the potential costs associated with allowing AirBnB's to exist in your community.
Sorry, that's not allowed
Whether you are new to condominium living, or have been a long term resident in a townhouse or high rise, you will have likely heard these four dreaded words from your condominium property manager: “Sorry, that’s not allowed.” There are benefits to be had, but there are also compromises to be made with living in a condominium.
Protecting Condominium Owners Act – Condo Manager Licencing
Protecting Condominium Owners Act – How Condos are run
Protecting Condominium Owners Act – Insurance, 1st year budget and investments
Protecting Condominium Owners Act – Reserve Funds
Protecting Condominium Owners Act – Status Certificates, Noise, Notices and Operating Budgets
Protecting Condominium Owners Act – New Purchases, ONHWPA
Protecting Condominium Owners Act - An outline of the changes to Ontario’s condo laws
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.
Bill 106 - ACMO Video Series
With Bill 106 receiving royal assent on December 3, 2015, there is great anticipation of how this much anticipated, long overdue piece of legislation will be implemented. A series of educational videos were created by ACMO (Association of Condominium Managers of Ontario) to provide expert opinions on each of the focus areas within Bill 106, the Protecting Condominium Owners Act.
Condo Harassment: Is it real?
Tarion - New Homeowner Information Package
Getting ready to move into your new home is an exciting and busy time. However, it is important that you set aside some of that time to carefully read through this Homeowner Information Package and become familiar with its contents. It describes your home’s statutory
warranties and the responsibilities of both you and your builder, and explains how Tarion will handle a statutory warranty claim.
Can Condominiums Be Liable For Dog Attacks on Common Elements?
All this to say that, pursuant to the Occupiers’ Liability Act, a Condominium Corporation could be found liable for damages resulting from a dog attack on common elements if the corporation has failed to take reasonable steps to ensure the safety of other individuals on the property. So, what is a Condominium Corporation to do?