Since COVID, headlines have appeared regularly about the challenges strata organizations have finding affordable coverage for their property. Some have even called for governments to intervene. We believe that if you understand how insurers look at your property, you can present your business case in a favourable way and obtain insurance at reasonable rates. We […]
Financial Management
Simple Things: Understanding the Not So Hidden Costs of Strata/Condo Ownership
Many things in life are complex. Too complex. Some things in life are simple, while other things COULD be simpler with a different perspective. Many times, getting the different perspective just needs a little help. For example, did you know that the cost of ownership in a multi-family building typically breaks down as follows: If […]
Peace of Mind Part 3: What is Strata’s Plan to Prevent Negative Surprises That Can Steal Peace of Mind?
What is your Strata’s plan to prevent negative surprises that will steal peace of mind? Based on our 2 previous posts on this topic, we know we need to understand, as a path towards peace of mind with your home, the true condition of your Strata/Condo. We also have a better idea as to why […]
Peace of Mind Part 4: What is Strata’s Plan to Protect & Enhance the Value of Your Home?
Over the past month we’ve outlined 4 questions you should answer when assessing your Strata/Condo property. Simply put, knowing the answers to these questions will give you the peace of mind needed to get a better night’s sleep. Or put another way, there are lots of things in life that will rob you of your […]
Home Inspection: Putting Steroids on This Required Part of Selling Your Home
If you’ve ever bought a new home, then you know the drill. You decide to sell, and the real work begins. 2 huge phases are needed: (1) get your current home ready to put on the market, and (2) get the new home ready once you move in. Within those 2 phases there are 2 […]
Selling Your Strata or Condo: Preparing for the Dreaded Home Inspection
If you’ve ever bought a new home, then you know the drill. You decide to sell, and the real work begins. 2 huge phases are needed: (1) get your current home ready to put on the market, and (2) get the new home ready once you move in. Within those 2 phases there are 2 […]
Avoiding Negative Surprises: Out of Control Condo Fee Increases Can Be Avoided
Our hearts go out to these Condo owners and board members. Such types of negative surprises, either for new buildings, or older buildings with insufficient reserves, damage the harmony that should be the norm when you live or work in a communal building. In this case the increase might have been unavoidable, but for most condo situations […]
A Different Reality: Post Disaster Realities and Pre Disaster Risk Preparedness
I love listening to the stories my boss tells regarding building maintenance mishaps. Not mishaps that occur during maintenance, but ones that occur when maintenance was either not completed properly, or someone decided to “take the risk.” But while taking the risk is a decision based on actuarial competence and statistical probabilities, disasters remain aloof, […]
Predictive Analysis and Your Banker: What Your Banker Wants to See to Approve a Mortgage, and How Predictive Analysis Provides That
A friend told us how they cleaned their home top to bottom to prepare for the Bank inspection for their Mortgage renewal. They wanted to make the best impression to get favourable terms. When you live in a Strata your banker not only looks at the inside of your home, the part you own, but […]
Predictive Analysis: A Day 1 Necessity
We at Canadian Strata Fund Track Solutions (CSFTS) are driven by the goal to reduce negative surprises for Condo owners. We all live with surprises in life and the only constant seems to be change. But when you live in a Condo or any other type of managed home, peace of mind is what homeowners […]
Consent Agenda: Making Your Meetings More Efficient
My career of 40 years included one dreaded function that I doubt I’ll ever be sorry is gone – The meeting. Why? Well, we always had to meet as a group thinking that it was necessary before we could accomplish anything worthwhile,
Happy New Year!
Happy New Year! 2022 is finally here, and we all have high hopes for what this year will bring. Of course, high hopes are not what brings change when change is needed. And that’s true in every area of life, including how to address the sticky issues of home ownership, including maintenance, renewal, purchase, repair, […]