Annual Plan - Kudos to the Condo Authority of Ontario! They are out with a Best Practices Bulletin… See what it includes!

The article praises the Condo Authority of Ontario for releasing a Best Practices Bulletin to help condominium boards prepare for next year's governance and operational requirements. The bulletin suggests creating an Annual Plan, an Annual Vendor and Service Review, and collecting regular unit owner feedback. The importance of annual planning and self-assessment is emphasized, and the article provides suggestions for formulating a good plan, including conducting a SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats). The article also stresses the need to embrace change, especially considering factors like inflation, ESG (Environmental, Social, and Governance) issues, and sustainability. Proper planning is essential to meet long-term needs and to communicate with residents effectively.