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Time Value of Money for Condo Reserve Funds

Time Value of Money: One Month Cost The Condo Reserve Fund 0.43%

Time Value of Money: In the complex financial landscape of condominium management, every decision, or in this case no decision carries weight. As we delve into the intricacies of the Condo Reserve Fund, January 2024 emerges as a critical month setting the stage. The ripple effect of uninvested or underinvested… Read More »Time Value of Money: One Month Cost The Condo Reserve Fund 0.43%

Interest Rate Path Walking a Tightrope

Interest Rates Walking a Tightrope

Interest Rate Path: The recent decision by the Bank of Canada to maintain its key policy rate at five percent has broader implications, influencing the choices Condominiums make regarding their GIC (Guaranteed Investment Certificate) investments. Condo Reserve Funds are a critical component of financial planning, relying on Unitholder Contributions and… Read More »Interest Rates Walking a Tightrope

Construction Price Surge

Skyrocketing Construction Material Costs & Interest Rates – Lambda Has Your Back

Skyrocketing construction material costs, like concrete, doors, windows, and asphalt, have spiked by an average of 32.10% between 2020 and 2023. Coupled with 2023’s inflation pressures, Condo Board Members and Property Managers must consider these factors when planning Reserve Fund Expenditures. Neglecting inflation can lead to budget shortfalls. Lambda Financial… Read More »Skyrocketing Construction Material Costs & Interest Rates – Lambda Has Your Back

Deposit Insurance - US Deposits by Bank

Silicon Valley Bank Collapse -Wake Up Call for Big 5 Canadian Depositors

On March 10, 2023, the FDIC in the US took over Silicon Valley Bank (SVB), and announced that Deposits insured by Deposit Insurance would be made available and that non-insured balances > $250,000 would be frozen and potentially put at risk. By March 13, 2023, the FDIC, worried about contagion… Read More »Silicon Valley Bank Collapse -Wake Up Call for Big 5 Canadian Depositors