Property managers can make life so much easier for condo boards and residents who live in the building. We’ve selected ten noteworthy companies for your consideration based on reviews, client feedback and notoriety.
Top 10 companies
- ICC Property Management Toronto
- Del Property Management
- Alwington Communities
- Best Practices Property Management Inc
- Tribe Management
- Crossbridge Condominium Services
- Nadlan-Harris
- Summerhill Property Management
- Maple Ridge Community Management
- KÜNG Property Management
- Bonus
1. ICC Property Management Toronto
ICC Property Management Toronto is an established and trusted property management company. It is committed to serving both the board of directors and the residents of each condo corporation they work for. They believe that both residents and community leaders must feel good about the services that ICC provides in order for the corporation to thrive.
ICC has over two decades of experience helping large and small condo buildings operate more efficiently. ICC takes a customer-centric approach and builds genuine relationships with the people they work for. In fact, ICC still manages its very first client of over 25+ years. The company strives to be flexible and cater to each corporation’s unique needs.
Staff who work for this company are happy to be there and happy to help their communities. That’s one reason why they have over 400 Google reviews, and a 4 star rating.
ICC operates a 24/7 emergency hotline so that residents can always find help when they need it, even in the event of an after-hours emergency. They specialize in community and financial services, and maintenance management.
2. Del Property Management
Even if you’re not in the property management industry, you’ve probably heard of Del. This company does it all, including condominium property management, and has over 50 years of experience.
Del estimates that it manages around 84,000 condominium suites across 250 condominium corporations. It has also been ranked as the #3 condominium manager in Canada by the REMI Network, and is a market leader within the GTA.
Corporations that have worked with this condo management company will attest to the professionalism of the staff. They understand that clients have high expectations when they sign on with Del, and the team does not disappoint.
3. Alwington Communities
Alwington Communities takes good care of condo corporations located in the GTA and surrounding areas. At the time this article was published, the management company was looking after 63 corporations and 2029 individual units.
The Alwington team is highly skilled and highly educated, giving staff the ability to assist all types of corporations with financial management, warranty claims, staffing, rule enforcement, maintenance, and much more.
Alwington has a list of buildings it currently manages available on its website so prospective clients can get a better idea of the type of communities it works with It also has a ton of great resources for corporations, owners and developers. Giving is one of its strengths.
4. Best Practices Property Management
It’s reassuring to know your condo management company knows and implements best practices. Best Practices Property Management Inc. was started with the belief that condominium property management services could be better, and so that’s what the team strives to do.
Each member of the leadership team specializes in a different area which enables the company to effectively resolve all types of practical and legal issues for corporations.
Best Practices develops and uses optimal management processes to minimize risks for the condominium corporation and ensure the board is fully informed.
5. Tribe Management
Tribe Management (formally Gateway Property Management Corporation) has seven offices across three provinces in Canada. it claims to be one of the most innovative companies, managing more than 40,000 homes.
This condo management company leverages technology to differentiate itself from other firms in the same industry. Trust, communication and organization are all very important to Tribe.
6. Crossbridge Condominium Services
Crossbridge Condominium Services (formally known as Brookfield Condominium Services) is a well-established company with over 40 years of experience. Crossbridge is the largest residential condo property management company in Ontario, managing over 170 buildings, or 80,000 units in Toronto and the GTA.
Crossbridge has a team of over 200 property managers and 160 admin staff members working for them. You can learn more about their management team on their website. The company is structured so that there are a lot of mini companies or teams working within the larger company. This way, every building receives the attention and care that it needs. 84% of directors said their property manager was very or extremely knowledgeable – you’d be hard pressed to find another big company that can deliver such impressive results.
The company has the capacity and knowledge to take care of finances, day-to-day operations, and administrative tasks. Their size and experience are truly beneficial when it comes to suppliers. Crossbridge has an extensive list of suppliers who offer different prices for a multitude of services. Their suppliers recognize that if they want to quote on servicing a Crossbridge managed building, they must deliver a Crossbridge standard of service.
7. Nadlan-Harris
Nadlan-Harris places a heavy emphasis on transparency and open communication between boards, owners and management. They are a newer property management company, but are already taking care of thousands of units in Toronto and the GTA.
The firm has managed over 13,000 units, and is a is an ACMO 2000 certified company.
Nadlan-Harris is highly experienced in newly constructed, mixed-use and conversion buildings, however, they work with all types of condominiums. From maintenance and housekeeping to bookkeeping and accounting, Nadlan-Harris helps condos achieve their goals by providing comprehensive services to their clients. Residents appreciate how responsive and accountable this company is.
8. Summerhill Property Management
Summerhill Property Management offers the accessibility of a small management company while providing the same excellent services offered by larger companies.
Take a look at the communities they manage to see they corporations that are benefiting from their services.
They pride themselves in providing superior customer service. They can do this because of their exceptional team. Summerhill is careful to employ people who care and who are motivated to exceed expectations through ongoing training.
In addition to their team of professionals, Summerhill also uses reputable accounting software from YARDI and ConStar to streamline tedious accounting tasks.
9. Maple Ridge Community Management
Maple Ridge Community Management (MRCM) has been serving the condo community since 1984. Located in Mississauga, it has grown with the developing needs and wants of condos and the residents who live in these buildings. In fact, they claim to be the very first management firm in Ontario to introduce YARDI Voyager accounting software, an innovative management software that optimizes service delivery.
MRCM manages a variety of buildings, and invests heavily in their team to ensure they deliver on their commitment to providing exceptional services.
It has cared for 30,000+ condo units in Toronto and across the GTA, and 300+ condo buildings. The firm is also an ACMO 2000 certified and this accreditation speaks to our ongoing commitment to our clients and the service we provide.
Their secret to successful property management? Strong relationships built through communication and dependable services. Continuous communication between property managers and boards is absolutely essential to MRCM, and this is supplemented by ongoing dialogue between boards and MRCM’s management executives. The company has developed a standard “Management Update,” providing a thorough review of resident concerns, ongoing projects, repairs and financial position.
10. KÜNG Property Management
KÜNG Property Management has been working with condo corporations since 1995. The company is an ACMO 2000 certified, and have acquired a sizable long-term client base.
The team is very “hands-on,” and enjoys being onsite to support the board and the corporation. Services include performance reviews of vendors, preparation of annual budgets and A/R collections.
Bonus: Self-Managed Properties
There are so many excellent property management companies to choose from in Toronto. However, there are also many condo communities that have found success using property management software. Not only is it cost-effective, it is highly customizable, and it never needs a day off.