Preventing a Condo Financial CrisisPlanning Today to Protect Tomorrow Written By: Shantel Kalakalo, President, Kalham Consulting, Kelly McFayden, Director, Condo Lending Group and Ryley Schmidt, Associate, Miller Thomson LLP Condominium corporations rarely find themselves in financial difficulty overnight. More often, financial crises develop gradually through years of rising construction costs, aging building components, deferred maintenance,…
Investing the Condominium Reserve Fund:A Practical Guide to Protecting and Growing Condominium Reserve Funds Written by: Walter Wakula, BComm, MBA, ICD.D., President of Foothills Global Capital Group Inc. This article was originally published in 2023 as a three part series in CCI South Alberta’s CCI Review. It has been updated and consolidated into one article…
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Financial Management WRITTEN BY: Corey Krakower, SparcPay Across Alberta, condo corporations are realizing that outdated paper processes are more than just inconvenient — they’re a liability.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 Outdated payment processes expose condo…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…