The cost of everything continues to rise here in Canada, wreaking havoc on condo budgets and reserve funds from coast to coast. If your condo corporation has started to turn a frugal eye toward any and every opportunity to cut costs, know that you’re not alone. Cuts have been the name of the game lately […]
Reserve fund studies are getting a bit of a bad rap right now – and honestly, we can’t blame Alberta condo owners for feeling the way they do! Of course, we can only speak from our own on-the-job experience, but it seems like every time a condo corporation’s turned around to tap their reserve fund […]
If you’re a condo owner here in Alberta, chances are you’ve heard at least passing mention of the ubiquitous reserve fund study – but what about reserve fund reports? “Wait,” you might find yourself thinking, “Reserve fund studies? Reserve fund reports? Aren’t those just two different names for the same thing?” To which we’d respond: actually, […]
If you’re in any way familiar with condo maintenance or management, you’ll know that there are more audits and inspections out there than you can shake a clipboard at. While we don’t have time today to cover all the ins and outs of all the different reviews and investigations that condo corporations can make use […]
Every condo in Alberta has a reserve fund in place – ranging from your simple, straightforward reserve fund study to something more akin to a living, fluid program that Catalyst has been proud to help innovate on. That said, though, while you might know that your building has a reserve fund study, there’s a good […]
February’s a funny month. It often finds condo board members torn between two conflicting desires. On the one hand, most folks are desperately looking forward to the end of winter and the return of warmer, sunnier weather. On the other, the imminent arrival of spring means that you’ll finally have to tackle those repairs highlighted
There are plenty of great perks that come along with being a condo owner. You get to be part of a close-knit community, the overall costs are generally more affordable than those associated with owning a stand-alone home, and so long as you’re paying your condo fees,
One of the most useful tools a condominium has to plan for the future is the humble reserve fund study. If you’re sitting at your computer, scratching your head and trying to recall just what exactly a reserve fund study is, don’t worry, we’re here for you.
Reserve Fund Studies (RFS) are crucial for supporting a healthy lifecycle of any building. The issue with how many RFS’s are conducted is that, while they should be conducted and updated every five years, they then remain stagnant and quickly become outdated. This means that there will always be a margin of error that continues […]
The plain truth is that Alberta is a cyclical economy, where we go through steady boom and bust markets. Markets where everything is happening all the time and then markets where everything is stalled.