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Month: August 2019

Can Condos Reimburse Budgetary Surpluses to Owners?

Condo corporations are not-for-profit organizations. Technically, they are not supposed to make a profit.  Having said that, they are not charitable organizations either. When faced with a deficit, condo corporations must collect more from owners to get ends to meet. But what are they to do with a surplus? This is what this post will […]

Managers Soliciting Proxies: Do’s and Don’ts

Despite the province’s vaillant efforts, proxies continue to cause confusion and to foster distrust. One of the questions we’re often asked is whether it is proper to encourage owners to return their proxies to management? If not, who should the proxy be handed to? Are your condo fees too high? How do they compare? Help us […]