29 May

Synergy Attends Launch of ‘Protecting Condominium Owners Act’

Sally at Condo Act LaunchOn May 27, 2015, Minister David Orazietti introduced Bill 106, Protecting Condominium Owners Act. This Act includes three components: amendments to the Condo Act, 1998, the proposed new “Condominium Management Services Act 2015” and amendments to other related legislation. Synergy’s Sally Thompson has been an active participant in the last three years of public consultation including chairing the Finances Working Group and sitting on the Expert Panel. Before joining Synergy Partners, she worked with the Ministry on this bill.

A full description of the Protecting Condominium Owners Act can be viewed here and a summary is also available on the Ministry’s website.

The amendments to the Condo Act are significant.  Most of the changes that will impact Reserve Fund Studies will be included in the regulations (which will follow at a later date), but the Act creates the framework to define adequacy, to get first year contributions closer to reality, and to clarify eligible expenditures.

The Condo Management Services Act covers licensing of condominium property managers.

Lastly, the bill extends warranty coverage to some condominium conversion projects, which increases consumer protection.

25 May

Synergy Partners welcomes Jagrut Prajapati

We are pleased to announce Jagrut Jagrut Prajapati (200x200) as the newest addition to the Synergy Partners team. Through his co-op terms in Civil Engineering at Waterloo, Jagrut worked for engineering firms in structural design and building restoration and as a Project Coordinator with a contractor and a housing developer. After graduation with a Certificate in Structural Engineering, Jagrut worked at an engineering firm where he focused on structural evaluation and rehabilitation. He has joined Synergy Partners for the opportunity to deliver exceptional service and technical excellence to clients across the range of renewal projects. We look forward to helping Jagrut grow a great career at Synergy!