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Reserve fund requirements for Canadian condominiums and stratas

Condo Control

Not only is it easy to get to, but condominium units were plentiful and very affordable. While there are some exceptions to reserve fund requirements, most condominiums are required to have studies completed by a professional at least once every 5 years. Florida has historically been considered an ideal state to purchase a winter home.

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Bill 30 could make condo living easier in Alberta

Condo Control

Alberta has tabled legislation that aims to improve governance in condominium communities. Bill 30 , the Service Alberta Statutes Amendment Act, 2024, would impact three different Acts: Condominium Property Act Prompt Payment and Construction Lien Act (PPCLA) Public Works Act (PWA) Developers and contractors would also benefit from this Act.

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Community managers say these are the top issues impacting their associations

Condo Control

So, in one way or another, finances are putting a strain on condominiums and HOAs. California removed the state-level restriction on selling ADUs in 2024. Less decision-making power for boards HB 1203 may have created some anxiety for Florida board members when it was passed in 2024. 25% say lack of finances is a top concern.