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.

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.

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.

Preventive maintenance is more than a maintenance checklist. It is a long-term strategy that protects building systems, supports reserve fund planning, and reduces emergency repairs. Here's why Ontario condo boards should view preventive maintenance as one of the most important services a property management company provides.

Communication is often the factor that determines whether a condominium operates smoothly or becomes overwhelmed by conflict. Here's why communication should be one of the first things boards evaluate when choosing a property management company.