Few topics generate as much concern among condo owners as special assessments. Law 16 directly addresses this issue by requiring objective, professional planning of long‑term building costs through a mandatory contingency fund study. This study is no longer a best practice—it is a legal requirement designed to stabilize condominium finances. 1) What Is the Purpose […]
Over the past decade, many condominium syndicates in Québec have faced the same challenges: aging buildings, unplanned major repairs, underfunded reserve funds, and sudden special assessments. Law 16 was adopted specifically to address these structural weaknesses and professionalize condominium management. With the adoption of the implementing regulation on July 30, 2025, in force since August
Québec Law 16: What Changes for Your Condominium (2025–2028) Read More »
With all the situation going on with COVID-19, the Syndicates all over the Quebec face to dilemma to do or not to do the meeting this year. On the one hand, all the regions in Quebec are in the Red Zone now. On the other hand, the Syndicates are used to schedule their Annual General
COVID-19 pandemic has its huge impact on the Canadian real estate market. According to Canada Mortgage and Housing Corporation (CMHC) the health crisis caused by the COVID-19 pandemic will continue to impact the real estate market. The Canadian real estate market hit records in July despite the economic uncertainty brought on by the COVID −
As we can notice, the role of Property Management is increasing day-to-day. And, as it is a new discipline, there are not many places where you can study property management. So, if you live in Montreal, you have an opportunity to study either in the world’s 31st top University- McGill University or in Université du
When you have one or two properties their management could feel comfortable and will not take too much of your time. Therefore, you are able to collect rents, to fix some things but the interaction with the tenants and other financial issues should also be regulated. So, with each new property you are becoming a
Nowadays, Property Management is becoming a very popular tendency and an important part of our life. And, consequently, a question arises: what is property management? Property Management is the control, management and maintenance of the real estate. It can comprise residential, industrial and commercial real estate. In other words, Property Management is the management of the
