Message from our Editor:
CondoBusiness provides educational content and breaking news about issues forever reshaping the industry.
Within its pages, readers delve into timely topics that are just as valuable to a volunteer board of director as they are to a seasoned property manager.
Rebecca Melnyk, Editor - CondoBusiness
Interested in Advertising with us? Download our media kit for more information
The British Columbia government expects to collect about $520 million in new annual revenue through additional residential property taxes and property transfer taxes.
Heartwood the Beach Condos is poised to become Toronto’s debut six-storey wood-frame development. The collection of 40 luxury suites, set to rise on the northeast corner of Queen Street and Woodbine Avenue, is scheduled to enter construction this spring.
Many condominium communities aim to leverage the professional experience of their directors. Matching a director’s role with their expertise makes sense. If, for example, a member of the board has an accounting background, the treasurer’s role would seem a better fit for them over someone without relatable knowledge to bring to the position.
Every condominium corporation has a general operating bylaw which regulates the affairs of the corporation and provides a road map for how corporations are to govern themselves. Older condo corporations may still have the original general operating bylaw prepared by the declarant.
In condominium corporations, accessibility is too often — and wrongly — associated with unexpected and significant costs and veiled threats of legal action against unresponsive boards and property managers. It may be more helpful to think of through the lens of inclusivity, which is warmer and more inviting and simply means not excluding anyone.
Great Gulf and its partners Phantom Developments Ltd., The Kadima Group and MM Realty Ventures Inc. recently broke ground on 8 Cumberland, a modern 51-storey high-rise condominium located at the north-west corner of Cumberland Avenue and Yonge Street in Toronto’s Yorkville neighbourhood.
Residential windows have an anticipated service life in the range of 35 to 45 years but may require replacement in half of that time if problems develop. The timeframe is the same for new windows or windows installed 20 years ago, and depends on the quality of the design, fabrication, and installation.
Tensions boiled over last week at Toronto apartment buildings without air conditioning as temperatures soared into heat wave territory in late September.
Devimco Immobilier has been selected by Club Sportif MAA, a health and fitness facility, to develop a mixed-use condominium project on Peel Street, just south of Sherbrooke Street in Montreal. Once complete, the 33-storey condominium will feature a revitalized Club Sportif MAA.
Changes to the Condominium Act, enacted in November, 2017, allow Ontario condominium corporations to conduct owner voting by electronic means. While this is new for Ontario, electronic voting has been used in Australia and in more than 20 U.S. states for some time.