Condo boards face mounting pressure to manage reserve funds efficiently while protecting future owners from unnecessary financial strain.

Condominiums are among the fastest-growing types of housing, a trend that is particularly significant in a country where the built environment accounts for roughly 18 per cent of all greenhouse gas emissions.

The sheer scale and complexity of condos demand a level of financial governance equivalent to any major business.

The 1,080-square-foot residence is said to be the developer’s most eco-friendly model yet—where health and wellbeing meets reduced energy use and carbon emissions through innovative technologies.

Beyond heating and cooling, the new program covers modern energy efficiency solutions, including solar panels and battery storage.

Reaching net zero by 2050 means sustainability targets for new and existing condo buildings will need to change quickly.

The causes of water leaks are often related to materials, installation, maintenance and operational issues.

The immense flooding that occurred recently across the GTA led to massive evacuations and widespread power outages and is just one example of the increasing severity of natural disasters.

The province also saw the total number of fatal fires rise to 109. Within many condos, there is a critical gap between fire safety and resident knowledge.

With costs on the rise, many condominiums are choosing to retain independent contractors to provide superintendent and/or cleaning service.

As time and usage take its toll, plumbing systems deteriorate and improper and deferred maintenance lead to disastrous results.

Elevator entrapments are one of the many risks facing high-rise buildings in Ontario. Occupants need to be educated on best practices and what to do during an emergency.

The electric vehicle landscape is complex, ever-changing and at the cutting edge of technology. For condominium corporations and their owners, this means that there is no one-size-fits-all solution.

Condo managers who understand a condo’s life stages, hidden damages, and inspections are more likely to develop effective reserve fund plans with logical budget allotments.

The industry panel discussed what capital repairs and replacement costs could potentially be deferred by prolonging the life of various building components and what professional resources to seek for guidance.

Condo owners now have the opportunity to understand the embodied carbon impacts of capital replacements work at their buildings.

As the landscape of aging condos continues evolving, the need for adequate reserve funds to pay for these repairs assumes greater importance.