as a Property Management Company or a Property Manager
Condo-benchmarking Story So Far…
We Saw a Challenge
Condo Services Market is not transparent, not competitive
Condo Directors do not have an opportunity to compare management companies results (financial efficiency, quantitative and qualitative progress in a condominium) to make an informed selection
Average condo fees in Toronto and GTA are much higher than in Montreal and Greater Montreal Area
Absence of comparable quantitative and qualitative information about similar /and different buildings
Condo owners are separated from each other living in one building and do not have an opportunity to discuss condo problems
Condo directors do not have an opportunity to get an advice from other condo board directors
Deficiency of condo market information to guide condo investors on ROI and CapRate (which are very different in different condos)