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.

Reserve fund studies provide long term funding and component planning, but a targeted assessment can give condo boards more detailed information before a major project is designed and tendered.

Boilers, chillers, pumps, fan coils, generators, and building controls are among the most expensive assets in an Ontario condominium. Understanding when to repair and when to replace these systems can help condo boards protect reserve funds, reduce risk, and improve long-term building reliability.

When a condo fire alarm is impaired, boards need to follow the approved impairment procedure and applicable Fire Code requirements. Here is what boards should know about firewatch, notifications, and planning.

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.

Resident experience is no longer viewed as a hospitality issue in condominium management. Clear communication, timely responses, and consistent engagement now play an important role in governance, risk management, and the long-term success of condominium communities.

Full-service condominium management involves much more than collecting fees and coordinating repairs. From financial administration and preventive maintenance to governance support and emergency response, understanding the full scope of property management helps Ontario condo boards make more informed decisions.

When a fire alarm panel starts aging, condo boards need to weigh repair, replacement and hybrid options based on the system’s condition, support and remaining useful life.

Technology is changing how condominium communities operate, but strong property management still depends on people. From AI-assisted administration to digital financial tools and resident communication platforms, innovation works best when it strengthens, rather than replaces, experienced property managers.

Comparing property management proposals isn't just about monthly fees. Ontario condo boards should evaluate staffing, communication, financial controls, emergency procedures, and transition planning to identify the management company that offers the strongest long-term value.

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.

Many condo boards understand that they need a property management company, but fewer understand the full scope of its responsibilities. Here's what Ontario condominium managers actually do and why it matters.

The lowest management fee does not always deliver the best value. Ontario condo boards should look beyond price and evaluate service quality, maintenance planning, communication, and financial expertise before choosing a property management company.

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