Condominium Boards across Winnipeg are facing increasingly complex financial decisions.
Insurance markets have been volatile in recent years, many buildings are entering major repair cycles, and reserve planning has become increasingly important for long-term financial stability. At the same time, Boards must balance rising operating costs while keeping condominium fees (commonly referred to as condo fees) reasonable for owners.
One question comes up often in Board meetings:
How does our condominium corporation compare to others in Winnipeg?
To help provide some context, Imperial Properties recently analyzed financial and insurance data across an anonymized sample of more than 30 Winnipeg condominium corporations. The findings are summarized in the Winnipeg Condominium Benchmark Report 2025, which reviews operating cost patterns, reserve fund alignment, and insurance considerations across the local condominium market.
The report examines several areas that are central to condominium governance and financial planning, including:
While every building is unique, the analysis reveals several financial patterns that appear consistently across Winnipeg condominium communities.
For many Boards, this type of benchmarking provides useful context when reviewing annual budgets, insurance renewals, and long-term capital planning.
Financial statements alone rarely provide the full picture of a condominium corporation’s financial position.
Benchmarking allows Boards to understand how their corporation’s financial structure compares to broader market patterns observed across similar condominium communities.
This type of insight can support more informed decision-making around:
In addition to the public report, Imperial Properties offers a confidential Custom Benchmark Analysis for Winnipeg condominium corporations.
This analysis compares a condominium corporation’s financial structure to the benchmark trends observed across Winnipeg buildings.
Boards that wish to request a custom benchmark can securely submit documents such as:
Imperial Properties then prepares a customized benchmark report highlighting financial patterns, reserve fund alignment indicators, and governance considerations specific to that condominium corporation.
The Winnipeg Condominium Benchmark Report 2025 provides additional insight into operating cost trends, reserve fund alignment patterns, and insurance considerations across Winnipeg condominium corporations.
If you serve on a condominium Board, the report may provide helpful context for your next budget or reserve planning discussion.
Download the report here: