Articles

Here’s where you’ll find recent articles about FirstService Residential, as well as our impact on the areas we serve.

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Preventative Roof Maintenance is Crucial to the Sustainability and Longevity of Your Roof

Posted on Thursday November 16, 2017

We can all agree there are many important elements to a housing structure, but your roof is probably the most important. Changing temperatures, snow accumulation, large amounts of rain, ice dams and high winds can all cause major damage to condominiums, townhomes and single-family homes. 

How an Integrated Maintenance Plan Can Keep Your Condominium From Walking on Thin Ice

Posted on Wednesday November 01, 2017

Cold weather will soon be upon us, so now is the time to make sure your condominium maintenance program is on track. As brutal as Ontario’s winters can be, you certainly don’t want to discover a leak in your roof during a heavy snowfall or have a boiler stop working during a record cold spell. 

True Financial Stability

Posted on Tuesday September 26, 2017

A strong, healthy corporation requires every facet of property management to work in sync toward one common goal...true financial stability.

Smart Financial Planning

Posted on Monday September 25, 2017

Safeguarding an Ontario condominium corporation’s operating and reserve funds is one of the main fiduciary duties of all board members, not just the treasurer. This means that boards must protect the financial interests of the corporation and its members by making sure all funds are properly managed, invested and protected.

Preventative & Predictive Maintenance are Critical to Your Replacement Reserves

Posted on Thursday September 14, 2017

Reserve studies are based on the assumption that components will reach their maximum useful life. However, if a preventative maintenance plan doesn’t accompany your reserve study, it’s highly unlikely some components will ever reach their maximum useful life. 

Understanding Condominium Corporation Reserve Funds and Reserve Studies

Posted on Tuesday September 12, 2017

One of the most important responsibilities of your condominium corporation's board of directors faces is effectively planning for major common-area repairs and replacements. Whether a costly expenditure is needed in a few years or not for 20, it’s the board’s fiduciary duty to make sure your condominium corporation has adequate funds when the time comes. That’s where reserve funds come into play.

Condominium Corporation Budgets: Mapping Out Your Strategic Plan

Posted on Tuesday July 25, 2017

Dive into the details of mapping out your strategic plan. 

Condominium Corporation Budgets: Things to Consider When Creating Your Budget

Posted on Monday July 24, 2017

The annual budgeting process offers an opportunity for your board to explore your condominium’s current financial condition and to ensure your community’s financial stability for the future. Successful condominium management hinges on a well thought out budget for both short-term and long-term planning. 

Condominium Corporation Budgets: Creating a Road Map to Success

Posted on Friday July 21, 2017

It’s budget season! Are you stressed? Concerned about a potential dues increase or a large capital project that’s looming in the future? The word “budget” can be scary, so thinking about creating next year’s budget is daunting for many homeowners boards. We’d like to change that. In fact, we don’t want you to view next year’s budget as a task at all.

How Condominium Corporation Leaders Create Happy Communities

Posted on Monday January 16, 2017

What makes a condominium community happy? A lot goes into it, but it’s no secret that much of it depends on community leadership.

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