CCI Manitoba Chapter News

Condo owners, directors and fiduciary responsibility

A recent article published by CondoBusiness, part of the REMI.com network, highlights the condo directors' fiduciary responsibilities in relation to often competing interest of resident owners versus investor owners. The article titled Weak financial oversight puts condo owners at risk was written by Todd Hofley and published Oct. 22, 2025. The key points of the article stress the need for diligent budgeting, properly funding the reserve and being open and transparent to all owners. It is a must read for all directors.