top of page
< Back

Save this article  > 

Managing Projects in an Era of High Inflation

Jordan Vandervelde, Will MacKay, Ryan Griffiths
Publication date:
January 9, 2023
Article Summary: 

Managing projects in an era of high inflation can be challenging for condominium owners and boards. The article suggests relying on the Building Restoration process, starting with the Reserve Fund Study and Condition Assessments, to prioritize projects and make informed decisions. Deferring projects may not be a cost-effective solution, as inflation can increase project costs significantly over time. Boards should carefully evaluate the financial implications of deferral and consider long-term lifecycle costing. Inflation can also impact condo fees, requiring larger contributions to the Reserve Fund. To avoid financial crises, planning and communication are essential, and the Board should make use of financial documents to assess the Corporation's financial health and structure the best investment plan. Following these practices can help condominium communities navigate uncertain times with confidence.


Inflation, high inflation, project management, condominium projects, Reserve Fund Study, Building Restoration process, deferral, lifecycle costing, condo fees, financial planning, financial health, financial documents, communication, project prioritization.

Source Citation: 
Jordan Vandervelde, Will MacKay, Ryan Griffiths
Managing Projects in an Era of High Inflation
January 9, 2023
Did you find this article useful? 
Your feedback is important not only to us, but to all the other key players in the condo industry.  Help us by letting us know if this article is relevant and useful.  This will help us prioritize articles that provide helpful guidance to other key players like you. 

Please login to use this feature.

bottom of page