Financial Management
When condo corporations borrow money
When the directors of a condominium corporation determine that it’s in their best interest to borrow money, the loan transaction is somewhat unique.
Continuous rise of reserve fund contributions
There are many reasons why contribution levels must increase, including unexpected issues, rising costs ...
Employers enlisted to prompt workers’ savings
Quebec’s voluntary retirement savings plans (VRSPs) to capture workers not formally enrolled in company pension or group retirement savings plans.
Computerized maintenance management systems
A computerized maintenance management system (CMMS) assists property managers in the daily coordination of repair efforts. With the emergence of cloud-based “software as a service,” an online CMMS has emerged, allowing residents ...
Annual funded ratio
A good way to assess the health of a reserve fund is to use an annual funded ratio (AFR) – the three-year moving average from the reserve fund starting ...
