Should the “all volunteer” condo board be abolished?
Many condo boards and their members do not represent the interest of owners. With my limited observation, the volunteer condo boards tend to attract wrong type of people, who in the best case, are power hungry politically trained thugs who like the feeling of ruling over their fellow peasantry owners. In some long time buildings, the board members tend to become an inter connected small clan and deeply entrenched in the building. In more sinister cases, it has attracted criminals like the cases below who get their hands on multi million dollar budgets to line their own pockets.
Should the law related to Condo board be changed? I would think we can let the professional property manager (maybe further regulated) do the daily work, and use regular and frequent owner referendum to make all decisions on budget and contracts award above a certain amount. With a few hundred owners a referendum is not too hard to organize.
Alternatively, the law should provide to make at least 2-3 fully paid position in the board and preferably from outside the building, so the board attract the right type of people who have a true sense of serving the interest of the owners.
Love to hear your thoughts on this.
https://www.mississauga.com/news-story/ ... do-owners/
https://www.cbc.ca/news/canada/toronto/ ... -1.4547396
Should the law related to Condo board be changed? I would think we can let the professional property manager (maybe further regulated) do the daily work, and use regular and frequent owner referendum to make all decisions on budget and contracts award above a certain amount. With a few hundred owners a referendum is not too hard to organize.
Alternatively, the law should provide to make at least 2-3 fully paid position in the board and preferably from outside the building, so the board attract the right type of people who have a true sense of serving the interest of the owners.
Love to hear your thoughts on this.
https://www.mississauga.com/news-story/ ... do-owners/
https://www.cbc.ca/news/canada/toronto/ ... -1.4547396