Lisa Kay, director, marketing, Morrison Financial Inc. says although a loan isn’t always the best option, it may be the most viable when a condominium corporation finds itself in a situation where a special assessment may be too taxing on owners.

Peter Leong, business unit manager, building services, Genivar says some condominium corporations continue to fall short when it comes to reserve funds, despite mandatory provisions that were incorporated into the Condominium Act in 2001.