Reserve Funds Archives - Page 2 of 2 - REMI Network
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Reserve Funds

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.

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.

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.

CondoBusiness

Continuous rise of reserve fund contributions

There are many reasons why contribution levels must increase, including unexpected issues, rising costs ...
REMI

CondoBusiness

Condo law reform in Ontario

If passed, Bill 72 would become the Property Owners’ Protection Act, 2012, and amend the existing Ontario New Home Warranties Plan Act, Ontario Building Code and Condominium Act, which, despite the province's condo boom, has not been ...
John Deacon, Marko Djurdjevac

CondoBusiness

Legal update

This video report provides a legal update on recent legislative challenges and court rulings. Commentators: Deacon Spears Fedson & Montizambert's John Deacon and Miller Thomson's Marko Djurdjevac.
REMI

CondoBusiness

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 ...
Lisa Kay, Peter Leong

CondoBusiness

Reserve fund shortfalls

This video report looks at available options when there is not enough money in a reserve fund to cover unexpected repairs. Commentators: Morrison Hershfield's Lisa Kay and Genivar's Peter Leong.