condominium corporation

Empty desk showing condominium manager shortage

Why the property manager shortage is a risk to condo communities

A recent Globe and Mail article shed light on an ongoing crisis for British Columbia condominium communities: a shortage of qualified property managers. This shortage isn’t limited to the West, however. Ontario’s condo communities are facing similar shortfalls, with the potential for serious financial implications. Why? The province is home to more than 11,700 condominium …

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Stairs representing condominium inflation

Inflation is putting a strain on condominium corporation budgets. Here’s how to manage the financial risk

While inflation may be a boon to some in the economy, it can be highly problematic for condominium corporation budgets and condominium boards, especially where reserve funds and maintenance-related costs are concerned. Recent inflation hikes of 8 per cent or more should serve as a wake-up call to condominium communities, many of whom have been …

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