Meritus Group Management Inc.

📋 The Power of Well-Drafted Meeting Minutes for Condominium Boards 🏢 Meeting minutes are essential for condominium corporations, serving as a transparent record of decisions, discussions, and due diligence by the board. Under Section 55 of the Condominium Act, 1998 (the act), maintaining accurate and complete minutes is a legal requirement that safeguards the board and the corporation alike. 💡 Best Practices for Condominium Meeting Minutes: ✔️ Clearly record key discussions, advice received, and the rationale for decisions. ✔️ Capture board deliberations, including questions, risks considered, and resolutions passed. ✔️ Avoid overly brief summaries—minutes must stand as a clear and complete record of governance activities. 📌 Why It Matters: Meeting minutes are not just a formality—they’re a vital governance tool that helps: Document the board’s fiduciary responsibilities. Demonstrate transparency and accountability to owners. Protect the corporation in disputes or legal challenges. At Meritus Group, we understand the complexities of condominium governance and the importance of accurate documentation. Our team supports boards in maintaining compliant and professional meeting minutes to ensure smooth operations and effective governance. https://hubs.ly/Q030c-l00 #CondoManagement #CondoBoards #Transparency #CondoGovernance #OntarioCondoAct

Today we remember the tragic shooting that occurred on December 18th, 2022, that resulted in loss of life and injuries to Condominium Directors and their families. Our thoughts are with those affected and we stand united in our resolve to create safer, stronger communities. Together with CCI T, CCI EO, and CAI Canada, ACMO continues to strive for meaningful change. For the full release go to: https://ow.ly/zW3t50UtCGQ

Navigating Shared Facilities Agreements: Key Takeaways for Condo Managers and Boards Managing shared facilities agreements can be one of the most complex and frustrating challenges for condo managers and boards. This insightful article, "The Pitfalls of Shared Facilities Agreements: Practical Advice for Navigating Challenges Effectively" (NetworkCondoBusiness, December 16, 2024), highlights why these agreements often start out flawed and how to address their shortcomings early. A big thank you to Sally Thompson, MSc P.Eng. LCCI, for sharing her expertise and practical advice in this must-read article. https://lnkd.in/gZad27_p #CondoManagement #SharedFacilities #CondoBoards #PropertyManagement #Collaboration #CapitalPlanning #CondoSolutions

🎄 As the year draws to a close, the Team at Meritus Group Management Inc. is filled with gratitude and pride for all we've accomplished together in 2024. We were so grateful to come together for a wonderful Christmas and holiday party—a celebration of the teamwork, dedication, and camaraderie that define who we are. Reflecting on the year, we are incredibly proud of the growth and success we've achieved. From fostering strong relationships with the condominium communities we serve to launch new initiatives that enhance the lives of residents, 2024 has been a year of progress and meaningful impact. With new plans and opportunities on the horizon, we remain committed to delivering exceptional service and continuing to lead with integrity and innovation. Our deepest thanks to Richard and his team at La Luce Ristorante at 4377 Steeles Ave W, North York, for hosting the Meritus Team's Christmas celebration again this year! To all our valued clients, communities, and colleagues, we wish you a joyful Christmas, a wonderful holiday season, and a New Year filled with happiness and success. Thank you for being part of our journey—we can’t wait to make 2025 even brighter, together! Warmest wishes, The Meritus Group Management Inc. Team #MerryChristmas #HappyHolidays #Meritus #MeritusGroup #CondoManagement #CondoCommunity #CondominiumManager #CondoBusiness #CondoProfessionals

1️⃣Tridel Selected to Lead Completion of THE ONE The One at 1 Bloor Street West, one of Toronto’s most ambitious real estate projects, is set to move forward with renewed momentum. After an extensive process to secure a buyer or investment partner, Tridel, a Toronto-based developer with a strong reputation, has been selected to bring this iconic project to completion. The decision reflects Tridel’s extensive expertise in managing complex projects and delivering exceptional results. Their work on large-scale developments like The Well demonstrates their capability to handle a project of this magnitude with precision and innovation. As the new development manager, Tridel will oversee project management, construction, and residential sales for the towering 85-storey structure. Notably, their approach includes cost-saving measures, potential redesigns for unbuilt units, and an emphasis on maximizing value for both the residential and commercial components of the project. This decision also brings clarity to a development that has faced its share of challenges, from lawsuits to financial hurdles, and marks a significant step forward, offering a glimmer of hope for what promises to be a stunning addition to Toronto’s skyline. As construction progresses, with tower slabs currently at Level 76 and curtainwalls at Level 49, the project is poised for a second-half 2027 completion. Here’s to the transformation of The One and the exciting journey ahead for this landmark project! https://hubs.ly/Q02_zK6H0 #TorontoRealEstate #TheOne #CondoDevelopment #UrbanDevelopment #ArchitecturalInnovation

City of Toronto Expanding Net Zero Retrofit Financing Survey The City is exploring opportunities to expand financing for net zero retrofits of existing buildings. This work is part of the City’s broader strategy to reduce greenhouse gas emissions from existing buildings. KPMG was engaged to support the work. KPMG launched an online survey to gather feedback on: •      Barriers to financing net zero building retrofits. •      Opportunities and fresh ideas to unlock private sector capital for net zero building retrofits. •      The role of the City in financing net zero building retrofits. You can access the survey here: https://lnkd.in/eYZ6GD_Y The project is focused on four types of buildings:  1. Apartment buildings 2. Condominiums 3. Low-rise residential (triplexes, duplexes, townhouses, semi-detached, detached) 4. Small to medium commercial (strip malls, office buildings) This project aims to develop, expand, enhance, and diversify financing options, to mobilize third-party capital and support market transformation in the existing building sector. Survey results will be used to inform the development of actionable recommendations to increase financing for net zero building retrofits. The survey is confidential and will take approximately 10-15 minutes to complete. It will close on December 16, 2024. #CondoManagement #CondoBoard #Retrofit #NetZero #RetrofitFinancing

The tragic loss of 20-year-old Harshandeep Singh, a security guard who was killed while on duty at a downtown Edmonton apartment building, is a sobering reminder of the dangers faced by frontline workers who protect our communities. Security guards, especially those in condominiums and apartments, often encounter unpredictable and high-risk situations while ensuring the safety of residents. This heartbreaking incident highlights the urgent need for systemic changes to safeguard both security personnel and the communities they serve. Property managers, whether overseeing apartments or condominiums, require better tools and legal frameworks to address residents who pose a risk to others effectively. Without these resources, the safety of both workers and residents remains at risk. The government must act to empower condo boards, property managers and security personnel with the authority, resources, and support to mitigate these risks and ensure the safety of everyone in the community. We honour Harshandeep’s memory by working toward a future where safety is prioritized, and no one faces such dangers while serving others. #JusticeForHarshandeep #CommunitySafety #SupportFrontlineWorkers #CondoSafety #StrongerTogether https://hubs.ly/Q02-YJX00

GTA Housing Market Trends for 2025: Opportunities and Challenges Ahead 🏡 Royal LePage's 2025 Market Survey Forecast paints a dynamic picture of the Greater Toronto Area's real estate market. Here's what you need to know: 📈 Home Prices on the Rise The aggregate price of a home in Q4 2025 is expected to climb 5% YoY, reaching $1,225,770. Single-family detached homes will see an even sharper increase, with a 7% YoY rise to $1,523,466. 🏢 Condo Market Faces Challenges The GTA condo market is taking a different path, with prices projected to decline by 1% YoY in Q4 2025 due to an oversupply of inventory. Thousands of new units slated for completion in 2025 will create a rare window of opportunity for first-time buyers to enter the market with improved affordability. 📊 Market Momentum is Building October’s significant Bank of Canada rate cut has reignited buyer interest, with activity picking up and inventory starting to be absorbed. The spring market in 2025 is expected to be early and competitive as supply tightens and prices begin to see upward pressure. 🔮 What Lies Ahead While affordability may improve temporarily, the eventual return of real estate investors and reduced new project starts could drive increased competition and price growth in the condo market in the coming years. What do you think about these trends? #CondoBusiness #CondoIndustry #CondoSales #TorontoRealEstate #GTAHousingMarket #CondoTrends #FirstTimeHomebuyers #RealEstateInsights https://hubs.ly/Q02-KpmW0

🏙️ News for Toronto Property Developers The city is opening the doors to more mid-density housing options by allowing up to six-storey apartments with a maximum of 60 units along major roads. 🚧✨ This change means more townhouses and small apartments can now be built outside of designated areas, helping to address the housing crisis and providing more affordable living options for residents. 🌆 Let’s embrace this opportunity to create vibrant, diverse communities that cater to everyone! What are your thoughts on this new development? 💬👇 #rentalmarket #torontoconstruction #landdevelopment #developer #housingcrisis https://hubs.ly/Q02ZYjb00

Important reminder to check carbon monoxide detectors! #CondoSafety #CarbonMonoxide #CondoLand #CondoLife #CondoManagement Calgary condo building evacuated due to carbon monoxide | Watch News Videos Online https://hubs.ly/Q02ZVJqV0