Payam Ressalat

photo of Payam Ressalat
Manager, Finance

Payam Ressalat joined the Agency’s B.C. Regional Service Centre in 2006 as a relationship manager. He first learned about Canadian co-operative housing at Canada Mortgage and Housing Corporation where he worked for five years in positions of increasing responsibility. In 2015 Payam shifted his focus to financial matters, first becoming a senior analyst and then the lead analyst on the retirement of the division director. Now a Certified General Accountant, Payam holds an Honours Bachelor’s degree in commerce from Laurentian University and a certificate for studies in French language and linguistics from the University of Paris. As Manager, Finance, Payam oversees the work of the Agency’s bookkeeping/accounting firm, assists the auditor, supports the Finance and Audit Committee and is responsible for the Agency’s budget, five-year financial plan and similar matters. Payam’s strong financial skills are enhanced by his ability to work effectively and pleasantly with peers, support staff and senior management.

Plans in Action

The average co-op with an approved capital replacement plan tucks away more than $3,600 per unit in reserves each year--triple the 2007 amount. Does their future hold better windows? New kitchens? Savings mean more choices.