Condo Reserve Fund Shortfalls

<p>In a recent white paper, the Canadian Institute of Actuaries’<a href='https://www.cia-ica.ca/docs/default-source/research/2022/rp222024e.pdf'> Longevity of Infrastructure – Reserving and Risk Management in Condo Maintenance in Canada</a> has identified one major problem for many condo owners: they’re about to encounter large annual fee increases and lump sum payments, thanks to dwindling reserve funds.</p>