as a Property Management Company or a Property Manager
Condo-benchmarking Story So Far…
We Saw a lot of Challenges:
Condo Services Market is not transparent, and not competitive.
Average condo fees in Toronto and GTA are much higher than in Montreal and the Greater Montreal Area.
The most of condo management decisions are made in a potential conflict of interests.
Lack of transparency, and a source of information where owners and investors could find information about similar projects, service providers, prices, performance reviews of the board directors, best and worse practices, and benchmarks to follow.
Absence of Internal Controls and Procurement Processes Transparency and Accountability.
Absence of effective means of communication, a network where owners and could be connected within the same building and between buildings.