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Many co-ops in the Agency’s portfolio reached an important milestone in the past several years: finally paying off their mortgages. For many, that has opened wide new worlds of financial freedom. And the good news is that many co-ops are using that freedom to top up their capital reserves. 

As your buildings age over time, it’s important to know what will need to be fixed and when. Not to mention how much it will cost.

That’s where a building condition assessment (BCA) report comes in.

What is a Building Condition Assessment?

A BCA is a report prepared by a qualified consultant who

Treasurer Glenn Grignon of Sandy Hill Housing Co-op says the writing is on the wall.

Unlike most Ontario co-ops, which own their own land and buildings, this co-operative was developed on land leased from the University of Ottawa—and all leases have termination dates.

Although Glenn expects the

A capital replacement reserve plan is a crucial strategy for keeping your housing co-op in good repair over time. The plan outlines the anticipated lifespan of various elements within your property and estimates the funds necessary for their replacement or for major repairs.  

In this article, we