News & Insights

Discover how condo reserve funds protect condominium corporations from unexpected costs. Nicholas speaks with Romina Facchini of Statis Inc. about reserve fund studies, funding plans, major repairs, contribution increases, construction inflation, and why keeping condo fees artificially low can lead to loans, special assessments, and significant financial challenges for condo owners.

Building envelope problems rarely begin with a major failure. Water infiltration, balcony deterioration, window leaks, and façade issues often develop gradually. For Ontario condo boards, identifying these risks early can create more options for repairs, funding, and long term building protection.

Fire safety is only one part of building maintenance. Ontario condo boards can also benefit from structured electrical and plumbing programs that support reliability, documentation, and risk management.

Ontario condominium communities are facing three major challenges: aging buildings, growing sustainability expectations, and changing resident priorities. Boards that plan ahead by integrating reserve fund studies, sustainability initiatives, and proactive property management will be better positioned to protect their communities over the next decade.

Strong financial controls protect more than a condominium's budget. They safeguard reserve funds, improve transparency, and help boards make informed decisions. Here's what every Ontario condo board should expect from a property management company.

Communication, maintenance, and financial oversight are the three pillars that separate strong property management companies from the rest.

Three essential management practices help protect condo property values over the long term.