Spring 2017 Issue
In this Issue:
Well it’s official. CCI Huronia is on fire. As the Condominium Act undertakes material changes over the next several months with the implementation of regulations, the implementation of Condominium Management Regulatory Authority of Ontario, CCI Huronia is doing its best to keep you up to date and posted with all new changes. READ MORE.
How to get a RFS right - mostly...
Last year we saw more of the same. Now, following-up on last year’s article of “Why Are RFS Wrong ?” this article updates that information and reinforces how to get it right. It comes as no surprise that reserve fund studies are subject to numerous assumptions beyond anyone’s reasonable control. One lingering assumption has been for many years and for far too many reserve fund planners that the cost of work and expenses from reserve should change at a percentage rate equal to the rate of change that the annual contributions to reserve do. The available evidence illustrates that correlation simply does not happen often enough to justify its use in, or forming the basis of, 30-year or longer cash flow plans. READ MORE.
Board Short: Heating and Cooling
This is a very personal look at the change over from winter heating to summer cooling. Our systems involve forcing either heated or chilled water through what look like car radiators. Electronically controlled fans force air across the radiator surfaces and push heated or chilled air into our condo units. Larger units may have two or three ‘registers’ — radiators with fans and electronics. Most of the condos have just one. READ MORE.
New Proposed Regulations under Condominium Act, 1998 – Bill 106
Since December 2015, when Bill 106 received Royal Assent and changes were made to the Condominium Act, 1998, the Ontario Government has been working on drafting the Regulations that will provide more details about the changes that occurred to the Condominium Act, 1998. The Regulations will be implemented in stages and a summary and draft of the first set of proposed Regulations has been released. READ MORE.