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Balancing the Books: Condo Loans, Assessments & Reserve Fund Health

February 18, 2025  -  2025-02-18 12:00 PM 2025-02-18 01:00 PM Balancing the Books: Condo Loans, Assessments & Reserve Fund Health CCI Golden Horseshoe Chapter Canada America/New_York

WEBINAR — 12:00 – 1:00 pm ET

Balancing the Books: Condo Loans, Assessments & Reserve Fund Health

Managing a condominium's finances is a delicate balancing act, especially when it comes to funding unexpected expenses, planning for long-term maintenance, and ensuring a healthy reserve fund. This webinar will guide condo board members, property managers, and owners through the complexities of financial management, providing practical advice to maintain financial stability while keeping your community’s best interests at heart.

Key Topics Covered:

• Understanding condo loans: when to borrow and how to manage repayment.
• Special assessments: what they are, when they’re necessary, and how to communicate them effectively.
• Reserve fund strategies: maintaining a healthy fund to meet future repair and replacement needs.
• Financial transparency: how to keep owners informed and engaged in financial decisions.

Join our expert panel as we discuss real-world examples, answer common questions, and share actionable tips to help your condo community thrive financially. Whether you're a seasoned board member or new to condo living, this session will give you the tools to make sound financial decisions.

When you log into the Zoom session, please ensure that both your first and last name appear exactly as registered. We are tracking attendance for CPE credits.

CondoTalk Panel

Moderator: JJ Foulds, BA, RCM, Director of Condominium Management

Manager, Wilson Blanchard Management

Upon completing her business degree, JJ worked in the agricultural and insurance industries before joining Wilson Blanchard in 2017. JJ quickly adapted to the condominium management industry and has excelled at managing high-rise, townhouse and vacant land sites in addition to commercial condominium properties. She also has a great deal of experience dealing with Tarion first year projects. JJ obtained her RCM designation in 2020 and assists in training, recruiting and mentoring new condominium professionals within the organization.

 

Speakers

Maria Durdan, BA (Hons), LL.B., ACCI

Partner, SimpsonWigle LAW LLP

Maria specializes in condominium law, development and administration. Maria supports over 650 of the firm’s residential and commercial condominium clients throughout Ontario. Maria has also obtained her Associate of Canadian Condominium Institute (ACCI) designation in law, which recognizes that she has achieved a high level of knowledge and skill of condominium law. Maria is the President of the Canadian Condominium Institute – Golden Horseshoe Chapter and the Chair of the Education Committee and a member of the Hamilton Law Association Real Estate Subcommittee. Maria’s practice includes advising boards of directors, property managers and developers on all areas of condominium law.

 

James Armstrong BSc, CET, EMBA Project Principal, Shareholder Edison Engineers Inc.

 

James is responsible for delivering outstanding customer service for reserve fund studies. He has been in the industry since 1990 and joined the Edison team in 2012. James enjoys Board interactions in developing customized reports. James improves Edison’s internal processes with the objective of improving our client’s overall experience.

 

 

 

Ryan Griffiths, LCCI, Managing Director  , Condominium Lending Group (CLG)

Ryan is the Managing Director at Condominium Lending Group. He works closely with condo boards and their communities to develop and implement the best financial solution for their needs and specializes in arranging innovative financing for major condominium repair projects. As a financial expert with over 20 years of experience in commercial lending, he enhances the knowledge of his clients by providing the information and tools they need to make informed financial decisions.

Ryan is an active member of the condominium community and currently serves as the Chair of the CCI Golden Horseshoe Professional & Business Partners Committee, as well as the Chair of the CCI National Finance & Risk Management Committee, the Vice President for CCI Huronia, and on various committees for CCI Toronto and CCI Grand River.

 

 

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Thank you to Our Sponsors

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