We need you! Welcome to winter!
 

So far it looks like it will be a good one, but don’t hold your breath.
 

We are now more than half way through our fiscal year at CCI Manitoba, so it’s time for me to evaluate our membership growth. While our membership numbers are up slightly from last year, they are still down from pre-pandemic levels. How to increase our membership numbers is a problem we have always struggled with.

The Reiss Report

Sales outlook bright for 2024

Condo sales ended 2023 on an optimistic note

Canadians everywhere, including Manitobans, took a pause on real estate last year. The main reasons were tougher interest rates and an overall preoccupation with reining in high inflation and wrestling with cost-of-living increases on essential items such as gas and food. It’s important to note, however, that the last five months of 2023 showed much better adjustment to what was happening, as three of the months after July outperformed 2022 in total MLS sales

Because CCI Manitoba provides great value for the price of a membership.

• Should a condo corporation install E-vehicle chargers?
• Who is the real problem?
• What all condo directors should know
• What all real-estate agents should know

CCI members saving money

Manitoba hydro tax rebate

Condo changes are complicated

With summer having come to an end and some of us looking forward to another balmy winter, I thought I would reflect on the past few months.

For up-to-date information about in-person and online events, please use https://cci-manitoba.ca/education-events/upcoming-course-events. Note that as the effects of the pandemic are fading, we are resuming in-person events and hope to include a live streaming option in the future.

In this edition of Condo Conversation Corner, we have three topics of interest:

• What should a condo board director know?
• How does a condo board find a new property manager?
• What to do if a condo board is failing in its duties.
   

In its second quarter report, the Bank of Canada indicated it may hold off on increasing its key interest rate again from the current five per cent. This is due to evidence indicating the economy is cooling and there has also been a cooling in Canada’s housing market and prices. This cooling continued in the third quarter. While a rate hike has not been conclusively ruled out, it does not appear there will be any further increases in the prime lending rate this year. However, do not expect rate cuts any time soon.
 

Did you know?

Many of our members do not realize that they are CCI members and hence are missing out on some of their membership benefits. While they do receive this quarterly newsletter and perhaps an occasional email from us, they may not realize why. This may be because many of our members fall into one of two of our group-membership categories - Condo Corporations and Business Partners. When a Condo Corporation becomes a CCI member, all unit owners become members as well, entitling them to this quarterly newsletter and other member benefits as described in another article. Similarly, when a company or business, such as a property management firm or a law firm, becomes a CCI member, all of their staff become members as well. To access our CCI members-only area of our website, just click on the Members Only menu item and login (If you don’t know your username and password, email our administrator). In this members-only area you can find resources such as our newsletter archive and recordings of past education sessions. Note that the login credentials change annually and are sent to the primary contact for the membership upon renewal.
 

With our fiscal year end of June 30th followed by our AGM in September, the summer edition of our newsletter is the time to publish the year-end reports from our Committee. At CCI Manitoba, most of the detailed work is done at the Committee level, the Board setting the direction and making the decisions for proposals brought forward.

We are continuing to receive suggestions to improve the Provincial condo act (The Act) https://web2.gov.mb.ca/laws/statutes/2011/c03011e.php and the associated regulations https://web2.gov.mb.ca/laws/regs/current/164-2014.php?lang=en and we thank you wholeheartedly for your efforts.