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Q&A on Underfunded Reserves
Aging in Place at Kensington Seniors Co-op, PEI
Does your housing co-op want members to age in place but isn’t sure what they’ll need? You can start with a simple upgrade, such as installing non-slip flooring at the entrance to your co‑op. Grab bars near toilets and showers are an easy fix, as are detachable shower heads with flexible hoses.
Depe
Information Worth Paying For
By this time, all Agency clients know that we encourage you to invest in—or update—a building condition assessment (BCA). If you are refinancing, your co-op will also need environmental testing and an appraisal from a firm acceptable to the lender you are approaching. What you may not know is that
Q&A About Capital Replacement Reserve Plans
CMHC Bulletin: Replacement Reserve Guide
Capital Replacement Planning Workbook
A Closer Look at Canada’s Rental Market in 2021
Are you curious about the vacancy rate in your city? How about the average cost of rent? CMHC has those answers and more in their most recent Rental Market Report.
We have taken the time to pull out some of the data on rents and vacancy rates in the cities where many of our client co-operatives
Topping up Your Capital Replacement Reserve after Mortgage Payout
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.
Tip of the Month
Client Compliance
In 2008, 70% of Agency clients met every term of their CMHC operating agreement. Now 80% do. And compliance failures, great and small, are also fewer.