Managing Communities With Heart Across Ontario

Property technology (commonly referred to as proptech), refers to the use of technology in the real estate industry. Even if you are unfamiliar with the term, you’ve likely interacted with proptech. Whether it was adjusting the temperature of your smart home from your phone, taking a home tour on Matterport, or virtually remodelling your kitchen, proptech affects how we live, where we live, and how we interact with those around us. 

In a nutshell, Property Management companies are responsible for overseeing the day-to-day operations of a property on behalf of the property owner. They provide a wide range of services, that can include coordinating property maintenance, supervising corporation staff, producing financial reports, preparing, and distributing communication, and more.   

The Ontario Condominium Act is the legislation that governs all types of condominiums in the province. The Act, and the accompanying Regulations, set out the rights and responsibilities of Condo Boards and the Owners they represent. It covers a wide range of issues, from the powers and duties of a Condo Board to useful methods to resolve disputes that may arise in a community. If you own a condo, it is important to be familiar with the Act. If you volunteer on a Condo Board or are considering volunteering, it is essential to your success. Mastering the information contained in the more than 200 sections in the Act and Regulations is no easy task, especially for already busy Board volunteers! That’s why we’ve provided an overview of the Act for Condo Boards and Owners. Also included are some tips for compliance shared by our top Ontario Community Managers.