top of page
< Back

Educational Materials/Courses

Save this article  > 

Impact of Minimum Wage Increase

Toronto Condo News
Publication date:
March 26, 2018
Article Summary: 

The increase in the minimum wage to $15 per hour in Canada has led to concerns for condo corporations and residents, who will likely face higher fees due to increased employee costs. The impact of wage increases can be softened by reducing the number of employees, but this could lead to security concerns. Condo corporations may need to rethink their approach to security, such as considering remote concierge services or relying more on technology. The increase in the minimum wage is just one of several cost pressures on condo corporations, which could result in lower surpluses or deficits for the current fiscal year.


Minimum wage increase, living wage, condo corporations, employee costs, fees, security, remote concierge services, technology, cost pressures, deficits, surpluses.

Source Citation: 
Toronto Condo News
Impact of Minimum Wage Increase
March 26, 2018
Did you find this article useful? 
Your feedback is important not only to us, but to all the other key players in the condo industry.  Help us by letting us know if this article is relevant and useful.  This will help us prioritize articles that provide helpful guidance to other key players like you. 

Please login to use this feature.

bottom of page