Posted onOctober 27, 2021|Comments Off on Elect Candidates with Expertise on your Board
The Condo Act should legislate that condo board members must hold professional designations related to the position requirements, psychological testing, and strong track record of proven accomplishments and experience with references.
Owners should send in their resumes for specific positions President, Secretary, President and 2 Directors. Candidates should be scored and put into the specific positions by Owners and not the board elect.
It is illegal for Condo Boards to call for 5 new board positions by resume at the AGM but they do it anyway. These Boards need to be personally fined and their Directors Liability Insurance cancelled. Condo Owners need to vote for candidates to fill each position based on proven experience and qualifications. Having a Board with no experience is a run away train. Real professionals that understand business should be on the board.
Candidates like a professional janitor or caretaker of buildings, for example, engineer, lawyer or paralegal, C-Suite professional with leadership abilities, a jack of all trades with advanced governance, business professional experience, persons with a professional real estate career or appraiser, perhaps a security or emergency management officer, and designated accountant are what is needed to ensure good governance and intelligent decision making ability. Also a person with credentials in the construction, building world. Board members need some knowledge of construction, refurbishments and mechanicals. The possibility of approving overpriced contracts could be a huge problem with Directors who have limited knowledge.
Comments Off on Elect Candidates with Expertise on your Board
Where is the Accountability?
With more than one million condo owners in Ontario, one would assume that something as important as the Condo Act would be taken a bit more seriously by the Government. With so many individual’s having personal and financial stakes in the review of the Condo Act, where are those who speak for the little guy, the condo owner?
The current Ontario Liberal government has put into a place a review process that is not only lacking on information but also lacking on proper feedback outlets. In the current technological standard that we hold in Ontario, it is inexcus able for the Government to have such a low sample size. From over one million condo owners, the Government has chosen to place only 10,000 individual into a lottery. From that lottery, ONLY 36 individuals will be chosen to participate in focus groups. Out of a possible one million condo owners, does that sample really match the numbers? Does that sound like proper representation?
A greater outreach is needed to be put in place. Outside of the focus groups, the Government should have online options for feed back. Online forums, online surveys and information pages need to be put in place and promote to push condo owners for input. Talking to a group of such small size in this day and age does not make sense. Condo owners not only need politicians who understand their needs but also someone who is brave enough to stand up for their rights.
People in Ontario need to wake up to what is going on. The review of the Condo Act does not only affect Condo owner, Condo Dwellers and Developers, but also store owners, restaurant owners and other small business that make up the areas around Condos. Rather than making it a hunt for votes and one upping other political parties, what Condo Owners really need is a party who will look out for them. Accountability is hard to find, we just need to vote in politicians who do not run away from it.
Posted onOctober 27, 2021|Comments Off on Deep Concerns in Condo Market need to be addressed
The Condo Owners Association (COA) is recognizing “Deep Concerns” in the Condo Market. It is not just about new construction or reports from Analysts, CMHC, Ontario Builders Associations etc. We have a continual ongoing problem of non disclosure of representation from Builders. There are so many Buyers who do not realize they have an occupancy period; they are forced to close occupancy without a completed unit; the Agreements are one sided to the Builders advantages; delays and undervalued price per square foot on maintenance fees at the time of sale vs the time of close create a financial issue for buyers; many buidings have deficits in the first year and although the builder clears the deficit; the owners are hit with 20% 25% increases after the first year.
…… and why on earth does Tarion only cover 1 & 2 years Warranty for an $80 Million dollar building when most of the standard (not structural) issues surface in the 4-5th year. The Condo market is slowing because the builders increased prices per square foot on new construction way beyond the price per square foot on the resale condo market. They wanted tomorrows profits for themselves and unfortunately buyers get caught up with the glamour of the building and the glass windows (which are another issue) that they purchase and hope…lets cross our fingers….that they made the right decision.
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How many were for quorom? None the proxies eliminated quorom.
How many included voting? All 62 because an option for substitution and other non compliance terms were included
Corporation Lawyer was the Chair at the AGM cost $500 per hour
The Board hides behind the lawyer to look legitimate!!
Lawyer refuses question period before the election
The Board holds control of the majority 62 proxies !
The proxy form is in non compliance to the Condo Act
Owners object but Lawyer and Board ignores objection
The Board appoint 2 of their friends as scruitineers
Ballots are casted; scrutineers count proxsies behind closed doors
The Board announces the “New Board Member/s and moves on!!
How many proxy and ballot votes for each candidate!! Who knows? Only the Board, Property Management and the 2 scrutineers
The Board forged 62 proxies before the meeting started!!
28 Owners wasted their time on the (1) single vote for Director for owner-occupied position
The Deceitful Board of Directors has MAJORITY VOTE & control
The Lawyer puts forward a motion DESTROY Ballots; of course and doesn’t answer owners about ability to view the Proxies; of course!!
The deceitful Board now has control to ie: manouever contracts, skim monies, hold Owners hostage from receiving Condo documents, place unjustified liens on Owners units, create havoc and spread lies and deceit for their own self gain!!