Normac's Blog
The latest industry news, tips for protecting your property, and Normac’s current events.
What is Actual Cash Value?
We have been receiving more and more inquiries for Actual Cash Value reports. While these are not new, there are
More Than Just Condos: All About Bare Land Stratas
Strata Corporations and Bare Land Strata Corporations – What’s the Difference? In British Columbia, a conventional strata corporation subdivides a building
Reviewing Canada’s Catastrophic 2020
As the hard insurance market ensues into 2021, we take a look at some of the severe weather catastrophes in 2020 that marked Canada’s fourth highest
Why We Celebrate Pink Shirt Day
Today, Normac invites you to wear pink and address bullying in an intentional and meaningful way. Leading up to Pink
Shared Facilities Agreements: Recent Changes to the Ontario Condo Act
History of Shared Facilities Agreements When the Ontario Condominium Act was first registered in 1968, it served one main purpose – to provide a set of
Understanding Total Insurable Value
There are two types of appraisals that measure the value of a property in Canada: a market value appraisal and
Normac’s 2020 Year in Review
This year has truly been an unprecedented time for all of us, calling for changes in the workplace and coping
Do Not Be Underinsured
When people ask us why they need an insurance appraisal done every year, or why they need one at all,
Functional Obsolescence: Why Take it Into Account
If you’ve lost power in your condo, it’s hard to imagine doing anything other than walking over to your utility
COVID-19 and the Canadian Condo Market
Amidst the COVID-19 pandemic, even the experts could not have predicted the strength of the Canadian real estate market –
The Condo Insurance Crisis, Presented by CAI Canada
Normac was excited to participate in the recent CAI Canada‘s first virtual conference, V CON(DO) 2020. We enjoyed meeting people
Understanding Condominium Insurance
CondoTalk: Riding the Rising Insurance Wave, Pt. 1 The other week, Normac was proud to sponsor CCI Golden Horseshoe’s popular