Condominium fees across Winnipeg have increased significantly in recent years due to inflation, insurance, utilities, and aging infrastructure. However, the most important question is not whether fees are rising, but whether they are properly structured to protect the corporation long-term.
Poorly structured fees create special assessments, deferred maintenance, and declining property values.
Many boards compare their fees to neighboring buildings without considering key differences:
Two buildings with identical fees may have dramatically different financial health.
Low condominium fees are often viewed positively, but they frequently indicate:
This directly impacts property values and marketability.Buyers, lenders, and realtors increasingly review reserve strength and financial sustainability.
Strong corporations focus on long-term financial stability, including:
This protects owners and supports long-term property values.
Benchmarking allows boards to understand how their building compares in key areas:
This provides clarity and confidence in decision making.
Independent benchmarking provides boards with a clear, data-driven view of their corporation’s financial position.It helps answer critical questions:
Condominium corporations that actively monitor and manage their financial position are better positioned to avoid special assessments, maintain their buildings, and protect property values.Board members have a fiduciary responsibility to ensure the corporation is financially sustainable.Professional guidance and objective benchmarking help support that responsibility.
Request a complimentary Condominium Benchmark Report for your building:
https://www.imperialproperties.ca/benchmark-report