With countless benefits, many homebuyers are attracted to condominium living. A condo community is likely to have desirable amenities, well-maintained homes, and strong neighbourhood pride. However, not all residents are informed on how to best take advantage of these value-adds and create a more enjoyable condo living experience. Read on to learn ways you can […]
Residents living in a condominium community appreciate amenities and other benefits, but these features come at a price, paid for by assessments. Those fees are one of the most important factors homebuyers consider before buying into a condominium corporation. Regular payments from residents to their condo, assessments are often discussed in board meetings and around […]
Living in a condominium has its perks. And the community lifestyle, professionally maintained amenities, and enhanced property values that attract homebuyers to the neighbourhood are equally enticing to prospective renters. Owning a rental property within a condominium can be rewarding, but it also has its challenges. As a landlord, profitability is crucial, but you must […]
A critical part of any condominium corporation, the board of directors ensures community guidelines are followed, the neighbourhood is maintained, and improvements are funded and supported. In short, the board is there to better the community on behalf of its residents. These boards are typically composed of four distinct officer positions: president, vice president, secretary, […]
By: Jeff Lack, BAcc, CPA, CGA Vice President, Communications & Technology – Wilson Blanchard Management, An Associa® Company On July 13, 2022, the Bank of Canada raised its benchmark interest rate by a full percentage point, the largest single increase since 1998. Combined with three smaller increases of 25, 50 & 50 basis points earlier […]
As part of our longstanding commitment to board education, Wilson Blanchard Management, An Associa® Company is offering a free webinar on Wednesday, June 22 at 10:00am for condominium Board Members. Along with our expert guest speakers from McIntosh Perry we will be discussing the impact of inflation on condominiums and what steps Condominium Boards can take to possibly offset these […]
Every condominium corporation is governed by a distinct set of documents that define its authority. In short, these documents detail what homeowners and board members can and cannot do. Unless you’re highly adept at deciphering legalese, the language in your governing documents can be confusing. However, since everyone in the community has a stake in ensuring the […]
As part of our longstanding commitment to board education, Wilson Blanchard Management, An Associa® Company is offering a free webinar on Thursday, May 26, 2022 at 12:00pm for condominium Board Members. Along with our expert guest speakers from MB Energy we will be discussing what you need to know about rising energy costs (natural gas rates) and what steps […]
One of the hardest decisions a condominium corporation board of directors will have to make is who to hire for their management company. It can be daunting and take time and effort to find the management company that best suits your needs, but by first writing and distributing a request for proposal (RFP), you’re simplifying the process […]
Every condominium corporation must hold critical meetings throughout the year. The type, intention, and frequency of these gatherings vary by community, but most fall into the following categories: board meeting, annual meeting, committee meeting, and special or emergency meeting. Each meeting plays a vital role in the governance of the corporation, and understanding the structure […]
