Beyond the Special Assessment: A strategic guide to funding major condo repairs in an era of rising costs and aging infrastructure
Ontario’s condominium corporations are confronting a structural funding gap. Aging infrastructure, construction cost escalation that consistently outpaces the Consumer Price Index, and an increasingly prescriptive regulatory environment around reserve fund adequacy have converged to undermine the traditional capital planning model. For boards and their property managers, the implication is clear: reserve funds alone are insufficient […]