Reserve Funds

reserve funds

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.
capital repair

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.
condo

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.
budget

REMI Network

Overcoming budget challenges in today’s market

Here are a few major points of consideration when building a better budget.
capital project

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.
HST

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.
EV

CondoBusiness

Plugging into the future of EV charging

New buildings are subject to laws and regulations, which require them to be compatible with EVCs.
condo budgeting

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.
reserve fund

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.
surfside

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.
reserve funds

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.
condo finances

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.
reserve fund

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.
reserve funds

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.
budgeting

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.
Commercial refrigeration

CondoBusiness

Planning to ensure reserve funds are adequate

Condo boards must plan ahead and undertake studies to ensure than reserve funds are adequate for future major capital repairs and replacements.

CondoBusiness

Reserve fund studies

This video report discusses reserve fund studies. Commentator: Halsall's Sally Thompson.