Accession #: rp222024


Publication Date:
February 09, 2022
Longevity of Infrastructure – Reserving and Risk Management in Condominium Maintenance in Canada
Other Details:
140 pages.
Jean-Sébastien Côté, FCIA, and Jon Juffs, C.E.T., LCCI
This research paper explores the Canadian condominium industry with an actuarial insight into condominium reserve funds set aside for paying the future repair and replacement costs of common elements shared among condo owners in a building. It focuses on the reserve fund aspect of operating a Canadian community association, including a review of the legislation and available documentation across Canada, the role of boards of directors, the purpose of a reserve fund study, and some of the issues observed in the condo industry.