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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

Wave of Inflation and Interest Rates

Are Interest Rates and Inflation at the peak, or is this Fools Gold?

Interest rates have started to flatten, and some have started to moderate slightly in Canada. Is this the peak? Or is this fools good? Is there another wave of inflation and interest rate increases coming? Interest Rate Pause The Bank of Canada has recently communicated a “pause” on its interest… Read More »Are Interest Rates and Inflation at the peak, or is this Fools Gold?

Why Condo Boards and Managers Leave Money on the Table: Build a Laddered GIC

A Laddered GIC Portfolio and Reserve Fund Investment Management is one of the primary responsibilities of the Condominium Board and Property Manager GIC Laddering Strategy How can Lambda’s expertise building a help? We previously wrote about the #1 expenditure for most Condos being unearned reserve interest here. So why do Condo… Read More »Why Condo Boards and Managers Leave Money on the Table: Build a Laddered GIC

Cost of Waiting

The Cost of Waiting

The Cost of Waiting: Delaying investment decisions for Condo Reserve Funds incurs a significant cost—losing 16.5% of annual interest potential. With rates at 5.00%, a 60-day delay amounts to 0.82%, costing an average Reserve Fund of $400,000 $3,280 annually. Lambda eliminates this cost, providing real-time rates, visibility, and expert advice… Read More »The Cost of Waiting

Interest Rate Path -Where are Rates Going and What Term Should Condo’s Select?

With the Bank of Canada Interest Rate sitting at 4.00%, and GIC rates north of 5.00%, what GIC term (1 – 5 years), what is the Interest Rate Path, and what should a Condo Select for their Reserve Fund Investments? Alignment of Reserve Fund and Rate Path To determine the… Read More »Interest Rate Path -Where are Rates Going and What Term Should Condo’s Select?

Condo Fee Increases are Causing Unit-Holder Angst. What can be done?

Condo Fee Increases: To Avoid confrontation with unit-holders, Condominium Property Managers and Condo Board of Directors should be taking a pro-active approach. Notices of Reserve Funding should address steps the Board is taking to lessen the Condo Fee Increase. See how Lambda can help. 2023 Condo Fee Increases Condominium Unitholders… Read More »Condo Fee Increases are Causing Unit-Holder Angst. What can be done?

High Inflation

8.1% Inflation at 39 Year High – A Looming threat to Condo Reserves

High Inflation may result in 1-3 years, updated Condominium Reserve Fund Studies may reveal a potential 26% surprise increase, in addition to the anticipated 9%. Without action, Condominium Boards and Unit-Holders could face a total 35% increase in Reserve Fund contributions. Effective management of Reserve Funds is crucial for Condominium… Read More »8.1% Inflation at 39 Year High – A Looming threat to Condo Reserves