Winnipeg Condominium 
Benchmark Report 2025

Compare your condominium corporation’s operating costs, reserve planning, and insurance exposure against observed financial trends across Winnipeg condominium communities.

What's Included

Boards use the benchmark report to validate budgets, assess reserve planning strategies, and identify governance and operational risks before they become financial issues.

Executive Summary

A clear overview of your condominium’s governance and financial position.

Governance & Rules Snapshot

Key clauses, restrictions, and operational impacts drawn from your bylaws and declaration.

Financial Health Overview

High-level review of financial statements and reserve planning.

Benchmark Comparison

How your condominium compares to similar Winnipeg buildings.

Key Insights From the Report

Analysis of the Winnipeg condominium sample revealed several consistent financial patterns:

Utilities

Utilities represent approximately 26% to 44% of annual condominium fee income

Insurance

Insurance costs represent approximately 11% to 19% of annual income

Reserve

Median reserve alignment across the sample is approximately 22% of study-suggested balances

Maintenance

Repairs and maintenance remain the most variable operating expense

Request Benchmark Report

This report provides condominium Boards with benchmarking insight into operating costs, reserve planning, and insurance exposure across Winnipeg’s condominium market.

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How It Works

After reviewing the benchmark report, many condominium Boards request a confidential comparison of their own corporation’s financial position against Winnipeg benchmarks.

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Step 1

Upload your condominium corporation documents securely.

2

Step 2

Our team analyzes your financial structure, reserve funding alignment, and insurance exposure against Winnipeg benchmark data.

3

Step 3

Receive a confidential Custom Benchmark Report within five business days.

Need a Custom Benchmark for Your Condominium?
After reviewing the report, many Boards request a confidential comparison of their own condominium corporation’s operating costs, reserve planning, and insurance exposure against Winnipeg benchmarks.
Documents Required
To complete a Custom Benchmark analysis, 
Boards may submit:

• most recent operating budget
• year-end income statement
• balance sheet
• certificate of insurance
• reserve fund study
• declaration and by-laws

Optional but helpful: AGM minutes, insurance policy
Who This Report Is For
Ideal for condo board members, officers, committee members, 
and unit owners reviewing governance and finances.
Confidentiality & Privacy
Your condominium documents are treated as confidential and used solely to prepare your benchmarking report and related follow-up unless you request otherwise.
About Imperial Properties
Imperial Properties is Winnipeg’s condominium-only management firm, focused exclusively on condominium corporations and the governance, financial, and operational realities boards face every day.
Methodolgy
The benchmark analysis is based on financial and insurance data observed across an anonymized sample of more than 30 Winnipeg condominium corporations.

The sample includes low-rise, mid-rise, townhouse, and mixed-use condominium developments across multiple construction eras.

Financial data sources include operating budgets, income statements, balance sheets, reserve fund studies, certificates of insurance.

All results are presented in ratios or percentage bands to preserve confidentiality.

F.A.Q

Typically within 5 business days after receiving complete documents.
No. The report is complimentary.
No.
Upload what you have and we’ll advise what’s missing.
We’re building an anonymized data set of condominium governance and financial information to better understand trends across Winnipeg condominiums.

By securely reviewing submitted documents and removing identifying details, we’re able to:
  • compare common governance structures and financial indicators
  • identify city-wide trends and risk areas
  • produce meaningful benchmarking insights for participating condominiums
In exchange for contributing anonymized data, participants receive a complimentary, board-ready benchmarking report.

All identifying information is kept confidential and is never shared.
Yes. All documents are treated as confidential and used solely to prepare your benchmarking report and related follow-up unless you request otherwise. Identifying information is not shared.
No. The benchmarking report is informational and designed to highlight trends, risks, and governance insights. It does not replace professional legal, accounting, or engineering advice.
You’ll receive your benchmarking summary by email. An optional review call is available if you’d like to walk through key findings or ask questions.
Board members and unit owners may request a report if they have authority to share the documents.