Chapter Communique b y Trish Kaplan, CCI (Hon ’ s)
Everyday there is something we can learn. This particular quote has appeared or been referred to many times in the past several years and more specifically as it relates to “ we do not know what we do not know ”. It transmits the need to expand our grasp of awareness on so many scopes of knowledge. We can be very grateful for our local condominium experts who share so much of their expertise via social media, blogs or you may receive them as having benefitted from the services they provide. Follow your favourites and be reminded it is best to confer with the experts as needed.
Changes and challenges have developed over these past years. It is important that we are cognizant of the responsibilities we all have as owners, volunteers, directors and/or condominium managers, suppliers and trades so we can address how we will attend to the best interests of our communities. Learning together strengthens us all in our pursuits. Labour shortages, overhead costs, inflation, insurance and supply chain issues cause delays and unprecedented price hikes in all sectors of on - site activities. Growing interest rates and borrowing rates have affected what once appeared as well - funded reserve funds. Then too, insurance claims and deductibles continue to rise. Some corporations and owners are not prepared for such an unexpected cost. To be prepared must be a priority. Added to that, there has been the increased demand for off - site employees to facilitate so many other areas, including administrative positions of expertise that is needed to finance the costs of all projects and to carry out the many tasks that is required from the ongoing release of legislation. The extent of the cost increases is substantial and it is incumbent upon us to address them in our community budgets and Reserve Fund Study Plans to ensure we are in real time conditions for long - term financial health. MEMBERSHIP The demand for continued education and relevant connections to those professional and business partner members who support CCI in our community continues to grow. It is invaluable to have our professional and business partner members be included in our listings, not only for the corporations who would use their services, but also to owners who have responsibilities that require the expert attention required to protect their properties. If you have used the services of a provider who is not listed in our member listing, please share the information about CCI with them. It would be our pleasure to build our membership as well as their business profile. DO YOU RECEIVE THE CAO CONDO OWNERS ’ NEWSLETTER TO YOUR INBOX?
The Condominium Authority of Ontario (CAO) shares important news, updates and takeaways that can be very helpful for you and owners. You can subscribe directly with CAO to have them delivered straight to your Inbox here: DID YOU KNOW? On occasion we receive requests for a Condominium Manager listing – those who are members of the chapter who work in the area. We are happy to provide those who request some assistance about Managers and Management Companies who support CCI and provide services in the London area. You can find them on the 2022/23 Individual, Professional and Business Partner Membership Listing Directory on our website here:
CCI Review 2022/2023 - 3 March 2023 Page 4
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