Preventing a Condo Financial Crisis

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,…