Financing for the Future:How Condominium Loans Support Stronger Communities Written by: Kelly McFadyen, Condominium Lending Group Condominium loans are emerging as a strategic tool that helps boards fund major projects, protect reserve funds, and balance fairness for current and future owners. Condominium corporations across the country are facing a common challenge: aging infrastructure, rising construction…
Rising Construction Costs in Northern AlbertaWhat you need to know Written by: Omar Khan, Normac From tariffs and labour shortages to climate disasters and surging demand, construction costs in Northern Alberta are climbing faster than the national average—what condo boards need to know to stay ahead. Across Canada, construction headlines in 2025 point to a…
From Cheques to Clicks: Why Condo Boards Are Modernizing Financial Management WRITTEN BY: Corey Krakower, SparcPay Across Alberta, condo corporations are realizing that outdated paper processes are more than just inconvenient — they’re a liability. In today’s environment, boards are expected to deliver transparency, speed, and security while balancing volunteer time and complex financial oversight.…
Condo Construction Liens ExplainedUnderstanding Risks and Responsibilities for Owners Written by: Michael Gibson Michael Gibson is a lawyer at Miller Thomson LLP and is one of the authors of the textbook on condominium law in Alberta. He has extensive experience in condominium law, advising developers, corporations, boards, managers, and owners. Outdated payment processes expose condo…
Cheque Fraud Is on the Rise—Is Your Condo at Risk?Safeguarding Your Condo Corporation from Cheque Fraud Written by: Corey Krakower Corey Krakower is a payments expert with over a decade of experience with financial technology providers and one of Canada’s largest accounting firms. He is currently serving as the Director of Business Development for SparcPay, a…
Beyond the Reserve FundTurn Reserve Fund Studies into Action: Expert Answers for Condo Boards Written by: Katherine Topolniski Source: Answers contributed by the panel of experts A panel of experts offered their insights and actionable guidance for condo boards navigating the critical steps that follow a Reserve Fund Study. When it comes to managing reserve…
Beyond the Reserve FundTurn Reserve Fund Studies into Action: Expert Answers for Condo Boards Written by: Katherine Topolniski Source: Answers contributed by the panel of experts A panel of experts offered their insights and actionable guidance for condo boards navigating the critical steps that follow a Reserve Fund Study. When it comes to managing reserve…
Borrowing by Condominium Corporations: How Does it Work? Article submitted by Jim Wallace National Condominium Financial Inc. The purpose of this article is to provide a basic overview of how Condominium Corporations can use powers granted to them to borrow funds on behalf of the owners. This article will give as much information as can…
Breaking the cycle: Why your condo’s low fees today could be stealing from tomorrow’s owners. Learn how strategic reserve fund planning and transparent budgets can safeguard your investment and build a stronger community.
STORY SUBMITTED BY MICHAEL GIBSON – CONDOMINIUM LAWYER – MILLER THOMSON LLP. Originally printed in “InSite to Condos” Vol. 39, Issue 1. In January 2020, Alberta introduced new provisions of the Condominium Property Regulation, shedding light on insurance obligations between owners and their condominium corporations. One significant change revolved around insurance deductables. Absolute Liability for…