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#19410
WILL "decent salaries" HELP TO REMEDY decades of SHORTFALL of condo managers ? 2023/06/14 13:23  
Not legal advice as usual

“plus ça change, plus c'est la même chose” ( 1849 )

IF - if - the remuneration of Ontario's condo managers were yet commensurate with widespread workload & workplace respect and entrance qualifications, wouldn't one expect that candidates would be flocking ?

What would many condo managers recommend if their loved one was preparing to apply to manage ?

No matter how well motivated, in the long term for most would it really pay enough to even buy a typical Toronto condo without two or three additional salaries ? ?

To judge from past decades, too often VERY long hours . . . . . sometimes workplace hassle ? . . .

? salaries below senior levels actually netting at or below minimum wage levels ? . . .

Anyway CBC Toronto has articled a May 29/23 Press Release issued by ACMO the Association of Condominium Managers of Ontario. again alerting to Ontario's need for enough trained condo managers.

A Release well worth reading

It's an alert given huge impetus by the 1.5 million new housing units targetted by the Provincial government, many to be condos.

Amongst the measures recommended by ACMO's Press Release : address ( widely un-competitive ) salaries and train more & better trained applicants.

? Salaries commensurate to the workload and entrance requirements faced by decades of entrants ?

Will more trainees / more job applicants be part of the solution in an environment historically pressuring low costs where resultant typical salaries were low enough for the owners who drive MUCH BUT NOT ALL condo governance ?

* *

June 4/23 CBC Toronto “Ontario is lacking condo managers and some worry it'll only get worse as more units get built. subtitle : With 2,500 managers overseeing 950,000 units across Ontario, industry needs to innovate fast, say some” by Vanessa Balintec https://www.cbc.ca/news/canada/toronto/ontario-condo-manager-shortage-1.6861777

photocaption : The Association of Condominium Managers of Ontario says it's concerned over a lack of property managers in the province just as condo development is expected to peak in the next five years.

Starting $70,000 ( ? )

The CBC article is ambiguous about attributing where this salary range came from :

" The association says a property manager's average pay depends on the condo community, but typically starts at $70,000 in Ontario. . . " An ACMO Director is quoted saying ". . . that's improved since condo managers became a regulated profession, with wages rising about 20 per cent.

But the issue is complicated by each condo board's budget, which can determine how much dedicate to property management.

Boards can choose to raise compensation or reduce the number of hours they work to meet the board's budget constraints, he says. . ." - uinquote. Or did that $ 70,000 figure come from a different source quoted ?

ACMO Press Release May 29/23

"Condominium Manager Shortage Grows in the Wake of Government's Plan to Build 1.5 Million Homes" https://www.acmo.org/open-letter/press-release-may-29-2023
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#19411
WILL "decent salaries" HELP TO REMEDY decades of SHORTFALL of condo managers ? 2023/06/14 14:16  
1 - Updated Aug 15/23
$62,500 "average" ( ? Toronto ? ) 2019 by extrapolation from a Summer 2019 ACMO article. An interesting read shows how difficult will be recruitment of next generation of condo managers :
CM magazine “How to Make Condominium Management a Sought-After Career Choice” by Dan Fried & Yawar Khan( Capital Integral Property Management https://acmo.org/publications/cm-magazine/article/189

2 - from ACMO's 2023 Press Release

“ . . . Traditionally, low salaries in the condominium management industry are often cited as a key factor contributing to the shortage of qualified professionals in the field.

Most condominium corporations are pressured by their owners to keep condo fees low.


As a result, when selecting management firms, they often prioritize cost-cutting measures over quality management, forcing management firms to limit what they pay managers and/or increase the workload of their managers.

As such, managers are often required to manage multiple condo corporations within a portfolio to earn more, reducing their dedicated time to each, impacting the quality of service provided.

. . . . Although salaries have improved in the past few years, it is attributed to an abnormally high turnover among condominium managers as they switch employers in an effort to find better-paying opportunities elsewhere.

This forces condo management firms to increase their compensation to retain existing managers or hire managers away from other firms at a higher rate. . .

The shortage of condominium managers in Ontario is a significant issue that needs to be addressed urgently.

By implementing the strategies mentioned above, the industry can attract more qualified professionals and ensure that condominiums are appropriately managed and maintained, providing a safe and comfortable living environment for residents.” - unquote
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#19437
WILL "decent salaries" HELP TO REMEDY decades of SHORTFALL of condo managers ? 2024/01/10 22:16  
The latest Winter 2023 ACMO quarterly magazine CM focusses on "The Manager Shortage" ( Ontario ).

Most of the articles ponder the crisis of management retirements.

The issue is contexted upfront by "Unmasking the Struggle : Confronting Escalating Harassment and Abuse in Ontario's Condo Management Sector" ( well written article presumably by ACMO Editor/ editorial staff. Many have laboured in that vineyard . . . .

https://acmo.org/sites/default/uploads/files/cm-magazine/f4a4e142f1dd30b557fa8d344898ae50.pdf
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