Reserve Funds
CondoBusiness
CAO releases report on state of reserve funds
The Condominium Authority of Ontario has released preliminary findings on the state of reserve funds and owners’ awareness of their importance.
REMI Network
New book educates owners about condo living
Sally Thompson's new book is called Condo Questions and Answers.
CondoBusiness
Overhauling reserve funds in Ontario
As the landscape of aging condos continues evolving, the need for adequate reserve funds to pay for these repairs assumes greater importance.
CondoBusiness
Unintended consequences in capital repair planning
Capital repair planning in the condominium market is a crucial aspect of maintaining and improving aging buildings. However, it is essential to recognize that decisions made in this process can have unintended consequences.
CondoBusiness
Actuaries garner new insight into condo finances
The Canadian Institute of Actuaries’ latest insight statement on the longevity of condo infrastructure explores several risks.
REMI Network
Overcoming budget challenges in today’s market
Here are a few major points of consideration when building a better budget.
CondoBusiness
Unconventional ways condos can reduce capital project costs
Ongoing challenges to capital replacement project costs are wreaking havoc on already stressed reserve funds and causing anxiety for boards and property managers throughout the province.
CondoBusiness
Construction costs rattle the condo industry
Construction cost increases are a significant concern if a condo needs to complete work in the next year or so. But the concern isn't just the here and now.
CondoBusiness
Plugging into the future of EV charging
New buildings are subject to laws and regulations, which require them to be compatible with EVCs.
CondoBusiness
Inflation impacts condo budgeting
The phenomenon of price increases and shortage of items is affecting every aspect of daily life, including common element fees, which are paid each and every month to both new and old condominium corporations.
CondoBusiness
Condos at high risk from reserve fund shortfalls
The growing crop of condo owners across Canada will likely encounter huge annual fee increases and lump-sum payments due to low reserve fund contributions, authors of a new research report are warning.
CondoBusiness
The fatal flaws behind the Surfside condo collapse
Building failures of this horrific scope are seldom seen in North America. But it is important to examine what happened so we can learn and prevent similar collapses in the future.
CondoBusiness
Reserve funds ignore climate target impacts
We should be asking our reserve fund planners to look at the Paris accord target dates and compare the end-of-life replacement of our gas-burning appliances against the target dates.
CondoBusiness
Condo finances feel the COVID effect
The pandemic has altered an interesting and often overlooked item in the budget, which is not a cost at all, but a loss of revenue.
CondoBusiness
Reserve fund budgeting: A fan coil unit retrofit
One of the most under addressed issues in aging condos is the fan coil unit. Residents often take an “out of sight, out of mind” approach.
CondoBusiness
How is COVID-19 impacting reserve funds?
Many reserve fund projects have not been able to proceed this year. Even now as construction has “opened up,” contractors have backlogs that will allow them to complete only some of the previously planned projects.
CondoBusiness
Condo budgeting concerns afoot
Financial uncertainty prevails for condo corporations that are anxious about continuing operations and budgeting in the wake of COVID-19.
