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Condo Reserve Fund

All Clear for More Rate Cuts

All Clear For More Rate Cuts: Impacts on Condominium Reserve Fund GICs

All Clear for More Rate Cuts – Canada’s leading economists have provided a new analysis indicating that the Bank of Canada’s (BoC) recent decision to cut interest rates will not provide an immediate boost to the country’s lagging economy or significantly ease debt payments for households. This comes amid the… Read More »All Clear For More Rate Cuts: Impacts on Condominium Reserve Fund GICs

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