Fair Pay for a Fair Day’s Work: Licensed Condominium Managers Are Not Being Adequately Compensated, Resulting in an Industry-Wide Labour Shortage

This article highlights the growing labour shortage in the condominium management industry, caused by the increasing demand for qualified managers in the high growth condominium market. Despite the critical responsibilities they shoulder, condominium managers are often inadequately compensated, leading to difficulties in attracting and retaining skilled professionals. The article points out that the low salary levels for condominium managers may be attributed to the approach taken by condominium boards to minimize costs, resulting in long-term negative effects on the overall health of a corporation. To address this issue, the author suggests several solutions, including educating condominium owners about the value of proper management, resisting political pressure to reduce compensation, providing incentives for prospective managers to enter the field, and promoting condominium management as a respectable profession. Implementing these solutions could lead to a positive change in the industry for the benefit of all stakeholders involved.